Listen up, are you in debt? To a friend? To your family? Well listen up, I'm going to manage your money.
1) [B]Save[/B] Your never going to be able to buy <insert new hip retarded thing here> without a little dough.
The percentages I chose to use are 10, 20 and 80 percent. Use each depending on how much money you want to save and how much you want to have on hand. Also don't dip into your funds until you really need it. Try to use the money you have on hand for one month to let your savings accumulate.
2) [B]Don't use banks[/B] Especially in America because the government keeps dicking around with all the big banks. Instead buy a safe a big one.
3) [B]Buy up stocks[/B] You have to gamble here. What you want to do is find a trusted company that is doing bad and sit on it. Don't invest on new business unless you're feeling lucky and never sell a failing stock, it just might go up.
4) [B]Do it yourself[/B] Seriously, stop being a lazy ass and do some things yourself. I made a duct tape wallet a about a year and a half ago because I didn't have a real wallet. Its still intact and if it needs repairs, you don't have to buy a new one, just patch it up with some more duct tape. Alternatively, use a big paper clamp as a money clip.
5) [B]Get a job[/B] Whether you your getting a job or start your own business. A business is nice because you get to keep a large part, if not all of your profit.
6) [B]Go generic[/B] Buy generic cereal, toilet paper, razors, paper towels, etc etc. They all work they same but at a cheaper price. Do be aware though that you should not buy generic sometimes.
7) [B]Buy used[/B] Find things that are in good condition and buy them. If it's a hunk of shit and you know you can fix it, go for it. Otherwise, keep looking.
8) [B]Priorities[/B] Do you really need that new <insert hip new retarded thing here>? I didn't think so, that's what your savings are for.
These are the methods I use and still abide by to this very day. And some I will use someday.
If you liked my advice a lot of Facepunchers should have some more nice things.
-snip- meh, nvermind
I agree with what you say, although I'm not one to gamble with stocks.
You give some sage advice, man.
Thanks for the advice.
I doubt anyone wants to listen to a < 16 year old when it comes to managing money, but I suppose this might help someone.
I made my own sofa out of big rolls of cellophane, wood and lots of tape. Plus a blanket on top to make it look nice.
$50 to make. It's not entirely comfortable, but beats what I'd normally get in terms of price. :v:
Starting a business? In this economy?
Not when u be makin 4500 a month. PZ
I would only dissagree with the banks part.
[QUOTE=zakedodead;15184548]I would only dissagree with the banks part.[/QUOTE]
that's what they want you to think, that your funds are only truly safe in a bank
[QUOTE=Bile demon;15184563]that's what they want you to think, that your funds are only truly safe in a bank[/QUOTE]
Stop being so paranoid. I'm not going to leave thousands of dollars in cash sitting in my house.
Oh and don't forget interest. some people think it's multiplied by what you put in the bank, but in reality its what you have [i]in[/i] the bank
Your bank account tells you numbers.
The paper tells you numbers.
GOLD tells you more then numbers.
All "Money" is backed by gold, so if you have gold, you have money.
EDIT:
err uhh wrong thread.
Banks have interest. Safes don't.
[QUOTE=CrazyMoron;15184260]Listen up, are you in debt? To a friend? To your family? Well listen up, I'm going to manage your money.
2) [B]Don't use banks[/B] Especially in America because the government keeps dicking around with all the big banks. Instead buy a safe a big one.
3) [B]Buy up stocks[/B] You have to gamble here. What you want to do is find a trusted company that is doing bad and sit on it. Don't invest on new business unless you're feeling lucky and never sell a failing stock, it just might go up.
5) [B]Get a job[/B] Whether you your getting a job or start your own business. A business is nice because you get to keep a large part, if not all of your profit.
6) [B]Go generic[/B] Buy generic cereal, toilet paper, razors, paper towels, etc etc. They all work they same but at a cheaper price. Do be aware though that you should not buy generic sometimes.
7) [B]Buy used[/B] Find things that are in good condition and buy them. If it's a hunk of shit and you know you can fix it, go for it. Otherwise, keep looking.
These are the methods I use and still abide by to this very day. And some I will use someday.
If you liked my advice a lot of Facepunchers should have some more nice things.[/QUOTE]
This is the most underwhelming list I've ever seen for a thread
2. Uhhh what? If you have a job, and are saving money, you need a bank. If you ever want to buy online (most of the cheapest stuff I can find is online) you'll need a bank. If you want to pay for school, you'll need a bank. Seriously, this is the worst suggestion I've ever heard. The government isn't out to get you. If a bank closes down you are insured $100,000 and eveyrthing just gets transferred to another bank.
3. Brilliant. You say save (which is good), and now you say throw away your money at the stock market. Incase you haven't realized, the stock market is in the shits right now. Spending money to essentually gamble instead of having financial security is just about the worst thing you can do now.
5. No shit? Where do you think money comes from :downs:
6. "Do be aware though that you should not buy generic sometimes." Way to contradict yourself there.
"If you liked my advice a lot of Facepunchers should have some more nice things."
Wait... didn't you just say to save up money though and not buy random things?
Excellent job. :raise:
[QUOTE=JDK721v2;15184603][B]Stop being so paranoid[/B]. [B]I'm not going to leave thousands of dollars [/B]in cash sitting[B] in my house.[/B][/QUOTE]
Oh, the irony.
Banks are risky. If it goes under so does all your money in certain situations.
EDIT: though who am i to say anything, i use a bank
Well, if you really want to keep all your money in your house, get a heavy fireproof safe and bolt it to the foundation. I guess that'll protect you from break-ins and house fires.
[QUOTE=HolyCrusade;15184704]Oh, the irony.
Banks are risky. If it goes under so does all your money in certain situations.
EDIT: though who am i to say anything, i use a bank[/QUOTE]
Most governments will offer you insurance on your account if things go really bad, which is unlikely to happen soon. Money in the bank generates not only money for you via interest, but the more people who desposit in a bank means the more it can invest your money, and gain returns, increasing your interest rate.
[QUOTE=HolyCrusade;15184704]Oh, the irony.
Banks are risky. If it goes under so does all your money in certain situations.
EDIT: though who am i to say anything, i use a bank[/QUOTE]
Where do you want me to leave cash/coins, etc. then? Please tell me. You have no idea how banks operate.
You tell him that he's being paranoid because he worries that banks are risky, yet you are worry about leaving your money at home. Of which there is no problem.
I also understand quite well how banks operate. You clearly don't.
[QUOTE=HolyCrusade;15184929]You tell him that he's being paranoid because he worries that banks are risky, yet you are worry about leaving your money at home. Of which there is no problem.
I also understand quite well how banks operate. You clearly don't.[/QUOTE]
You do realize banks have insurance, right? So if they go under, you still get whatever money was in your account at the time of closure. You could possibly do that for protection against a robbery/fire/flood/explosion in your house safe idea, except for the fact that it would cost you money every month to do. However, if you have your money safely stored in a bank, you gain interest on that money.
[QUOTE=HolyCrusade;15184929]You tell him that he's being paranoid because he worries that banks are risky, yet you are worry about leaving your money at home. Of which there is no problem.
I also understand quite well how banks operate. You clearly don't.[/QUOTE]
:ughh:
You clearly don't if you're so worried about losing your money. Keeping tons of cash and coins, etc. in your home is far riskier than putting it in a bank CD.
Buy lots and lots of porn.
[editline]04:02AM[/editline]
[QUOTE=JDK721v2;15184960]:ughh:
You clearly don't if you're so worried about losing your money. Keeping tons of cash and coins, etc. in your home is far riskier than putting it in a bank CD.[/QUOTE]
He just wants to break into FP member's houses in a few months.
This is terrible advice
Money in a safe does not accumulate interest. It accumulates only dust.
[QUOTE=TH89;15185036]This is terrible advice[/QUOTE]
Some of it's fine. The bank part and stocks though? No thanks.
Money is only worth the amount of faith and value put into it.
So advice one for everyone should be put faith and value into your money.
Your bank idea and stock ideas are horrible ideas. Invest in the stock market? That's like telling me to throw money off a bridge.
[editline]10:32PM[/editline]
[QUOTE=BlueSaint;15184647]Your bank account tells you numbers.
The paper tells you numbers.
GOLD tells you more then numbers.
All "Money" is backed by gold, so if you have gold, you have money.
[/QUOTE]
We're not on the gold standard...
[QUOTE=CrazyMoron;15184260]
2) [B]Don't use banks[/B] Especially in America because the government keeps dicking around with all the big banks. Instead buy a safe a big one.
[/QUOTE]
Haven't you heard about that thing (can't remember its name) that if the bank loses your money they replace it? Telling someone not to use a bank is the worst advice I've ever heard, you make money and keep it safe what could be better?
Save ten percent of whatever you make.
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