Well over the past few weeks I've started to embrace a new love....... not really a new love so much as an appreciation and deeping of my feelings for a special someone I've been quite fond of for awhile, but now I think the cat is out of the bag and I can admit my love openly now without any shame or regrets....... I love money. there I said it. That's right money! Make the world go round. Has that slightly stale smell to it, but it smells a little human too from all that handling it gets with the oil from our skin keeping it all happy and green and foldy.... yeah money. Its not really in vogue to admit you love something that's been called the root of all evil. After all even the damned homophobic bigot often say that if you're gay you're just a hedonistic selfish person placing great emphasis on pleasure..... practically admitting they love the cock too and wouldnt blame anyone for wanting to get a piece while dripping with vile hatred that could only be harvested from their own self loathing....... but I digress. If you claim you love money its like admitting you're a slave to work or that you're a snobby money bags who would look down upon those who dont have it. I can see you people glaring at me. Crying out that this is an alternative site and not for uptight preppy white boy pieces of shit out to consume the world. I can hear it already. But i love money anyways and I aint afraid to say it. And its not like that brands me a work-a-holic who would exlude his family for the sake of earning the almighty dollar. I make 16.50 an hour. Hardly snob caliber wages. I admit I do want a BMW..... I wants a BMW really badlly, but BMW are built for drivers to experience the road and drive the hell out of it, with really efficient engines ( their diesels are 300hp and still get 37mpg average milages.... suck on that honda! ) and not something like a luxury car that's there to shelter you and protect you from the world in a swaddling of comfort. What I love is working the path to wealth. Wealth is when your money works for you, not you working for your money. I want my money to be fat and happy and to go and play and frolick with other money, fuck that other money's brains out till its pregnant and they pop out little baby moneys to make a big family, and then start fucking all over again. Its a truly beautiful thing to watch. I mean if you can invest in something like an alternative energy mutual fund that buys stocks in companies producing wind and biomass energies and get returns of 25% a year.... I mean who wouldnt pitch a tent over returns like that? Who would dare call me a greedy corporate douche bag for feeding the machine of industry, in the industries we need to grow and change the most?
AND I'm doing a good job of trying to make sure my friends try to make their money fat and happy. I'm kicking them in the ass to make sure they start planning for their retirement so when they get old and retire they're not stuck in some shithole retirement home with 3 roomates watching limited cable cause they cant afford to do anything, or go anywhere, or do anything except read library books watch cable and wait to die. I'm proud and happy that I bought my first home at 28 all on my own. I'm not talking about buying a home from a relative for a 10 or 20% discount off the real value of the property.... and I sure as hell aint talking about having my parents give me 30k to make my down payment for me as a 'loan'. I did it all on my own. No one had any say in the deal but me and my real estate agent. I even blew off a cousin who's a real estate agent cause the dudes a little creepy and I didnt want family having anything to do with it. I'm proud at 31 that I've got a little over a year's worth of my salary in my 401k. And even though the stock market went into a correction of 10% my 401k dropped less than 5 and I'm proud I knew what was up, and what I was worth at my peak, and that mine held up better than the market!
Now I'm stuck in a new quandry though. 2008 Diesel BMW 3 series I can run on biodiesel VS buying a second home for rental income. Basically I'm gonna refinance my house in about 6 months and that will let me pull about 40k out in cash.... and 40k in cash would let me either buy a new BMW I can run on guilt free fuel or would almost be enough for a 20% down payment on a new piece of real estate i could then rent out for some money. I gotta say its a hard call. the BMW is a safe bet. Once I lock my new interest rate in I'll only have to pay about $150 a month more than I do right now for my mortgage and I could have a new $40k car free and clear, no car payments. And not only is it a new car. Not only would I have no car payments. Not only is it a 300 hp bad ass piece of mother fucking engineering. It is also a car I could run on biodiesel and never again need to buy oil product to fuel my car. No more global warming polution and buying that new car would cut my carbon footprint in half (assuming you dont count the green energy powering my house, which is a mini cop out in my book still). Buying a house for rental income would be amazing too though. The problem is that you cant charge the full value of the mortgage to your renter. Otherwise no one would bother renting if they could pay as much for a house as an apartment. Even with a 20% down payment, its really hard to break even on a rental property. I'd need closer to a 30% down and then I'd about break even. For the first 5 years or so owning the property you're pretty much losing money on a monthly basis, although the property will probably grow fast enough to more than offset those losses. Even the areas starting to go down in value (which seattle isnt having much trouble) wont last long and after 5 years i'd probably be up 15-20% in the value of the property, but that doesnt help me pay the bills to get me to year 5. After you get some equity up in the the house, and rental rates appreciate enough to gain some ground though after that you're in the money and real estate is far and away the best path to wealth in my book. If you play your cards right so you always break even on your costs for your second properties you can still have your renters build equity in your property for you, and you wont pay a dime in taxes on it because you're not making more than you're spending. If a tenant cant pay for a couple months and things get behind though, that's when it'll get ugly for me since its gonna be really hard to cover that..... but with a steady renter I'll be golden and will make a shitload of money. So that's my newest test of will. Do I take a chance and try to make some crazy money? or do I just play it safe and go for instant gratification and get a crazy ass car that'll help make the world a better place....... Stay tuned to find out!
AND I'm doing a good job of trying to make sure my friends try to make their money fat and happy. I'm kicking them in the ass to make sure they start planning for their retirement so when they get old and retire they're not stuck in some shithole retirement home with 3 roomates watching limited cable cause they cant afford to do anything, or go anywhere, or do anything except read library books watch cable and wait to die. I'm proud and happy that I bought my first home at 28 all on my own. I'm not talking about buying a home from a relative for a 10 or 20% discount off the real value of the property.... and I sure as hell aint talking about having my parents give me 30k to make my down payment for me as a 'loan'. I did it all on my own. No one had any say in the deal but me and my real estate agent. I even blew off a cousin who's a real estate agent cause the dudes a little creepy and I didnt want family having anything to do with it. I'm proud at 31 that I've got a little over a year's worth of my salary in my 401k. And even though the stock market went into a correction of 10% my 401k dropped less than 5 and I'm proud I knew what was up, and what I was worth at my peak, and that mine held up better than the market!
Now I'm stuck in a new quandry though. 2008 Diesel BMW 3 series I can run on biodiesel VS buying a second home for rental income. Basically I'm gonna refinance my house in about 6 months and that will let me pull about 40k out in cash.... and 40k in cash would let me either buy a new BMW I can run on guilt free fuel or would almost be enough for a 20% down payment on a new piece of real estate i could then rent out for some money. I gotta say its a hard call. the BMW is a safe bet. Once I lock my new interest rate in I'll only have to pay about $150 a month more than I do right now for my mortgage and I could have a new $40k car free and clear, no car payments. And not only is it a new car. Not only would I have no car payments. Not only is it a 300 hp bad ass piece of mother fucking engineering. It is also a car I could run on biodiesel and never again need to buy oil product to fuel my car. No more global warming polution and buying that new car would cut my carbon footprint in half (assuming you dont count the green energy powering my house, which is a mini cop out in my book still). Buying a house for rental income would be amazing too though. The problem is that you cant charge the full value of the mortgage to your renter. Otherwise no one would bother renting if they could pay as much for a house as an apartment. Even with a 20% down payment, its really hard to break even on a rental property. I'd need closer to a 30% down and then I'd about break even. For the first 5 years or so owning the property you're pretty much losing money on a monthly basis, although the property will probably grow fast enough to more than offset those losses. Even the areas starting to go down in value (which seattle isnt having much trouble) wont last long and after 5 years i'd probably be up 15-20% in the value of the property, but that doesnt help me pay the bills to get me to year 5. After you get some equity up in the the house, and rental rates appreciate enough to gain some ground though after that you're in the money and real estate is far and away the best path to wealth in my book. If you play your cards right so you always break even on your costs for your second properties you can still have your renters build equity in your property for you, and you wont pay a dime in taxes on it because you're not making more than you're spending. If a tenant cant pay for a couple months and things get behind though, that's when it'll get ugly for me since its gonna be really hard to cover that..... but with a steady renter I'll be golden and will make a shitload of money. So that's my newest test of will. Do I take a chance and try to make some crazy money? or do I just play it safe and go for instant gratification and get a crazy ass car that'll help make the world a better place....... Stay tuned to find out!
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And to your hilarious comment on my blog...exactly! That's the reason why I want to get it. Even aside from the fact that it's from a Zelda game, in and of itself it is a great design. I'm actually hoping most people will recognize what it's from and get a laugh out of it if nothing else.