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Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
...or you're just a loser
https://www.cnbc.com/2019/08/14/kevi...000-saved.html
“You have to start in your 20s. You just have to, because you want to end up in your 60s with a boatload of cash sitting in investments, so you can kick back and relax a little bit,” O’Leary says.
“If you want to find financial freedom, you need to retire all debt — and yes that includes your mortgage,” O’Leary told CNBC Make It last year.
“The reason I say 45 is the turning point, or in your 40s, is because, think about a career: Most careers start in early 20s and end in the mid-60s,” O’Leary said.
“So, when you’re 45 years old, the game is more than half over, and you better be out of debt, because you’re going to use the rest of the innings in that game to accrue capital.”
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Where does he say buy a house? O'Leary prefers renting homes compared to owning in most cases... from video interviews I have seen
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
You can't buy time. Waste your best years so you can be rich when your old. Travel the World on a cane. Most that wealth will be passed on anyway.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
FrostKing
You can't buy time. Waste your best years so you can be rich when your old. Travel the World on a cane. Most that wealth will be passed on anyway.
That's very true. Life is short. This notion that we have to ONLY enjoy our nestegg when we are old is flawed. I think it should be we should save enough where we can comfortably live when we are old.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
InRareForm
That's very true. Life is short. This notion that we have to ONLY enjoy our nestegg when we are old is flawed. I think it should be we should save enough where we can comfortably live when we are old.
I didn't read the article, but I'm pretty sure he's not suggesting having no life. Even Dave Ramsey recommends enjoying your money while you're investing, paying off your home, etc. The only time he suggests that you have no life is when you are deep in consumer debt and have no savings to fall back on.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
My career as an employee ends at 35. Fuck Dave Ramsey's uber conservatard shit.
I'm buyin' a house with cash at the height of this next coming recession, and a big apartment complex with a low interest loan since I can get it at a discount because of the recession. I'm payin' that shit off with the rent money in <5 years. Fuck working into your 50s or 60s, hell even 40s.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
InRareForm
That's very true. Life is short. This notion that we have to ONLY enjoy our nestegg when we are old is flawed. I think it should be we should save enough where we can comfortably live when we are old.
Yep. I'm going to live my life like an NFL second tier star. Retire at 35 and enjoy life and travel and take pictures of me everywhere doing everything when I can still run a 4.6ish forty.
Fuck being rich and too fuckin' old to enjoy it.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
FrostKing
You can't buy time. Waste your best years so you can be rich when your old. Travel the World on a cane. Most that wealth will be passed on anyway.
++. And I would never "pass on" any wealth. My plan is to never die, but if that earth shattering incident ever did happen, I'd probably want it to go to the IRS. I hate snobs, spoiled kids, and trust fund babies and believe that each individual should be responsible for their own wealth.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
Fuck working into your 50s or 60s, hell even 40s.
As an employee, your 40s are likely your prime earning years (35-45 or so). Not sure I'd want to give that up unless I have an uber successful business. Most of that money can be banked if you're living within your means, then you'll be set for years to come
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Shit grade nursing homes are full of old fucks who thought life was short. Now neither they nor their kin can afford them a modicum of dignity as they meet their end.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
++. And I would never "pass on" any wealth. My plan is to never die, but if that earth shattering incident ever did happen, I'd probably want it to go to the IRS. I hate snobs, spoiled kids, and trust fund babies and believe that each individual should be responsible for their own wealth.
No one will want the bags of ramen you dropped behind the pantry, or your common baseball card collection. Pretty sure you won't have to worry about a Brewster's Millions sort of scenario. Maybe a Barista's Dozens sort.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
phxspurfan
As an employee, your 40s are likely your prime earning years (35-45 or so). Not sure I'd want to give that up unless I have an uber successful business. Most of that money can be banked if you're living within your means, then you'll be set for years to come
Then get an uber successful business. Because once you're past 45 you've got to constantly worry about cancer X, heart disease Y, other disease Z, etc. I.e., too old to enjoy life. And you're probably saddled with kids at that point, too.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
DMC
Shit grade nursing homes are full of old fucks who thought life was short. Now neither they nor their kin can afford them a modicum of dignity as they meet their end.
This. Nobody knows when they're going to die unless you pick a random date and kill yourself. Medicare and social security don't pay for shit.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
And god fucking help you if you take financial advice from MM.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Xevious
And god fucking help you if you take financial advice from MM.
:lmao tbh
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
DMC
No one will want the bags of ramen you dropped behind the pantry, or your common baseball card collection. Pretty sure you won't have to worry about a Brewster's Millions sort of scenario. Maybe a Barista's Dozens sort.
:lol
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Xevious
And god fucking help you if you take financial advice from MM.
But even you know I'm dead right on this scenario.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Xevious
This. Nobody knows when they're going to die unless you pick a random date and kill yourself. Medicare and social security don't pay for shit.
exactly. W2 earners should have the power to choose, but not whine about it if they reach a decrepit old age and don't get their 80/20 coinsurance and paltry-ass paychecks that don't even cover their ballooning mortgage that goes up $300/month every year, not because of the banks, but because the property taxes and HOI premiums skyrocket every year
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
Then get an uber successful business.
no problem ill get right on that
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
no problem ill get right on that
As long as you have at least $100k cash on hand to start with, it's not super hard
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
DMC
No one will want the bags of ramen you dropped behind the pantry, or your common baseball card collection. Pretty sure you won't have to worry about a Brewster's Millions sort of scenario. Maybe a Barista's Dozens sort.
Damn, I'm pretty decent when I'm in my DMC acct., tbh.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
As long as you have at least $100k cash on hand to start with, it's not super hard
LOL, $100k isn't shit in seed money if you want an honest-to-God legitimate business. Otherwise, you're just self-employed. There's a major difference. Andy, your best days will probably be hustling old ladies with fucking vacuum cleaners with door-to-door sales.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
i just love the simplicity of it... oh you're struggling? all you need to do is have an uber successful business! problem solved
reminds me of spoiled kids in LA: why are you renting? its so much cheaper in the long run if you just buy a house!"
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
As long as you have at least $100k cash on hand to start with, it's not super hard
100k aint shit. I had that and it didnt even fund 20% of my main house down payment. It sure as hell won't get you into a reputable franchise business or secure any decent location for your tamale/lumpia shop.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
phxspurfan
100k aint shit. I had that and it didnt even fund 20% of my main house down payment. It sure as hell won't get you into a reputable franchise business or secure any decent location for your tamale/lumpia shop.
California? Where are you buying a house that is over 500k?
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
California? Where are you buying a house that is over 500k?
The Moon
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
i just love the simplicity of it... oh you're struggling? all you need to do is have an uber successful business! problem solved
reminds me of spoiled kids in LA: why are you renting? its so much cheaper in the long run if you just buy a house!"
Definitely not in LA, but there are plenty of legitimate cities (not just podunk flyover places) that you can buy a decent, move in ready house with cash for 100-150k. Or you can buy a cheap project house for 20k and hire a GC to fix it up your way for 60k and save that way. Nobody is forcing you to live in LA. But yes in LA you probably have to rent if you don't make a solid six figures a year.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
phxspurfan
The Moon
Real estate on the moon is free
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
what business would you start for 100k?
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
:lol
Not 33 yet but I'm at the tail end of paying off my home. I regret purchasing it tbh. Just hanging on until I decide to leave CA.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
i just love the simplicity of it... oh you're struggling? all you need to do is have an uber successful business! problem solved
reminds me of spoiled kids in LA: why are you renting? its so much cheaper in the long run if you just buy a house!"
I was thinking about starting a multi-million dollar business but then it occurred to me. DUH! Why not start a multi-billion dollar business?
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
clambake
what business would you start for 100k?
Screen pressing T Shirts with internet memes.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
Definitely not in LA, but there are plenty of legitimate cities (not just podunk flyover places) that you can buy a decent, move in ready house with cash for 100-150k. Or you can buy a cheap project house for 20k and hire a GC to fix it up your way for 60k and save that way. Nobody is forcing you to live in LA. But yes in LA you probably have to rent if you don't make a solid six figures a year.
So if you drop 220K cash you can have a decent updated home that has a resale value about 20K less than you just dumped in it, and now you're a quarter million dollars in the hole, and still don't have a business.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
DMC
So if you drop 220K cash you can have a decent updated home that has a resale value about 20K less than you just dumped in it, and now you're a quarter million dollars in the hole, and still don't have a business.
What math are you talking about?
I said buy the project house for 20k and rehab for 60k, with the resale value in the 100-150k range. That's not a loss. I don't get what you're talking about?
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Mitch
:lol
Not 33 yet but I'm at the tail end of paying off my home. I regret purchasing it tbh. Just hanging on until I decide to leave CA.
but the impending recession will happen sooner, not later... 2020-2022 should be a buyers market again.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
but the impending recession will happen sooner, not later... 2020-2022 should be a buyers market again.
Quit quoting me, Andy. We all know what little money you make goes to feeding that whale you're with :lol
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Mitch
Quit quoting me, Andy. We all know what little money you make goes to feeding that whale you're with :lol
post pictures of her if you insist on being a doxxing smartass
also, I don't buy her food and she isn't a whale. I get her food from the food pantry
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
post pictures of her if you insist on being a doxxing smartass
also, I don't buy her food and she isn't a whale. I get her food from the food pantry
:lol you doxxed yourself, dumbass. As tech savvy as a boomer.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
All I can say for myself is that I was able to save about 5 times that much by 34 [no debt or mortgage]... actually, never had any debt to speak of for those previous 15 yrs, after dropping out of college to work full-time at 19.
I still don't own a home or plan on one in the future... I'm allergic to any kind of debt in general, that's just who I am.
Currently, I'm no longer working & don't know if I'll ever get back into it again down the road when things get tough :greedy
Well, tomorrow is another off day just like the recent 11+ yrs!:tu!
Someone has to use those days off, why not this someone :p:
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Ellsworth
All I can say for myself is that I was able to save about 5 times that much by 34 [no debt or mortgage]... actually, never had any debt to speak of for those previous 15 yrs, after dropping out of college to work full-time at 19.
I still don't own a home or plan on one in the future... I'm allergic to any kind of debt in general, that's just who I am.
Currently, I'm no longer working & don't know if I'll ever get back into it again down the road when things get tough :greedy
Well, tomorrow is another off day just like the recent 11+ yrs!:tu!
Someone has to use those days off, why not this someone :p:
where do you live? you saved over 500k by age 34 but dont want to buy a house because of fear of debt? most places, you can buy a home cash with that kind of savings
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
What math are you talking about?
I said buy the project house for 20k and rehab for 60k, with the resale value in the 100-150k range. That's not a loss. I don't get what you're talking about?
Project house for 20K? That's called a shed. You can't find 60K worth of upgrades for a shed. You'd have to tear it to the ground and build a 60K shed.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
where do you live? you saved over 500k by age 34 but dont want to buy a house because of fear of debt? most places, you can buy a home cash with that kind of savings
Atlanta according to the "Location" information.
Retiring on 500K at 34. :lol
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
where do you live? you saved over 500k by age 34 but dont want to buy a house because of fear of debt? most places, you can buy a home cash with that kind of savings
500k won't buy a house in any LA or SF suburb reasonably close?
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Mitch
:lol you doxxed yourself, dumbass. As tech savvy as a boomer.
Go ahead. Dox me. Post pics of me on here like Larry in the 49ers hat. That's a triple dog dare.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
DMC
Project house for 20K? That's called a shed. You can't find 60K worth of upgrades for a shed. You'd have to tear it to the ground and build a 60K shed.
I bought a 1,830 square foot, partial brick home in Columbus, Ohio for 21K cash in early 2017.
If I'd bought it in 2013 it would have been $6K.
Then you have Detroit, where there were 1500-2000 sqft houses available for around $1k in the winter of 2012-2013. Not joking.
A lot of it is when you buy relative to the economic cycle. Now is still bad because it's still a seller's market, even though it's slowly trending back down towards buyer's. When the recession hits the project houses will go for next to nothing. Because there's a lot less disposable income so a lot less cash/hard money investors in the market, so if you do have cash on hand you can get them cheap.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
DMC
Atlanta according to the "Location" information.
Retiring on 500K at 34. :lol
Atlanta is in the South, a relatively cheap part of the US, he could definitely find a NICE place in the suburban metro area for well under half of that with cash. One of those colonial Dixie style Gawga (Georgia) houses.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
500k won't buy a house in any LA or SF suburb reasonably close?
in LA, if you go to an area like northridge, you can probably get an acceptable starter condo/townhouse for about 500k. but beyond a condo, a house at that price range is going to probably need a ton of renovation. you need to pony up more than that for an acceptable house. if you go to nicer area like studio city, you're not finding anything at 500k tbh. even for something like a 2 bedroom condo in that area you're looking at least 600+
if you're looking for a non condo and want room for more than just 2 people, you want to have 200 minimum just for your down payment, generally speaking, in LA.
funny thing is, my sister and bro in law just recently bought a 3 bedroom home in glendale. i bought my 2 bedroom condo here in charlottesville for less than their down payment :lol
its not just housing prices... my annual car + homeowners policy is virtually the same (slightly less, actually) than i was paying for a 6 month term on auto insurance alone back in LA (same car). my wife and i had to pay to get our drivers licenses here, get the car titled here, and registration. all that cost less than i would pay just for registration back in CA. everything beyond commercial goods (food, electronics, etc) is substantially cheaper
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
LA isn't really representative of the rest of the country. certain pockets like LA and the bay area (or hawaii, in general) are outliers when it comes to housing/property costs. so when we hear all these financial advice shows or read the articles, its hard to do anything but laugh. but these outlier areas aren't really the target audience, so its not really a fair comp
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
Go ahead. Dox me. Post pics of me on here like Larry in the 49ers hat. That's a triple dog dare.
:lol triple dog dare
Andy, we've been through this. You can just Facebook your name and post them yourself if you want. You're a compulsive liar though, that's your entire reputation here.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
in LA, if you go to an area like northridge, you can probably get an acceptable starter condo/townhouse for about 500k. but beyond a condo, a house at that price range is going to probably need a ton of renovation. you need to pony up more than that for an acceptable house. if you go to nicer area like studio city, you're not finding anything at 500k tbh. even for something like a 2 bedroom condo in that area you're looking at least 600+
if you're looking for a non condo and want room for more than just 2 people, you want to have 200 minimum just for your down payment, generally speaking, in LA.
funny thing is, my sister and bro in law just recently bought a 3 bedroom home in glendale. i bought my 2 bedroom condo here in charlottesville for less than their down payment :lol
its not just housing prices... my annual car + homeowners policy is virtually the same (slightly less, actually) than i was paying for a 6 month term on auto insurance alone back in LA (same car). my wife and i had to pay to get our drivers licenses here, get the car titled here, and registration. all that cost less than i would pay just for registration back in CA. everything beyond commercial goods (food, electronics, etc) is substantially cheaper
Okay so you moved already. Pretty boring area in the US though, you have to drive 120+ miles to find real entertainment or the coast
looks like a condo for under 200k there is easily attainable. https://www.zillow.com/charlottesville-va/houses/
But still, 200k is a fortune to not live in a fun big metropolis... I get it's for your wife's med school, but that would be a lame long term plan
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
Okay so you moved already. Pretty boring area in the US though, you have to drive 120+ miles to find real entertainment or the coast
what "real entertainment" are you referring to?
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
what "real entertainment" are you referring to?
idk... big time events, water (somewhere chicks in bikinis hang out), hangout spots for all sorts of groups of people, pro sports, clubs, festivals, concerts, etc... big city things. And walkability/public transit. Hate driving everywhere, for example in Dallas area driving is the only option
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
idk... big time events, water (somewhere chicks in bikinis hang out), hangout spots for all sorts of groups of people, pro sports, clubs, festivals, concerts, etc... big city things. And walkability/public transit. Hate driving everywhere, for example in Dallas area driving is the only option
DART is actually pretty decent tbh. Dallas is the only Texas city with decent public transit imo. Hell DART goes all the way out to DFW airport and many of the northern burbs as well. Really need to do your research before you start spouting nonsense Andy. Your cheap ass can even ride DART for free, have never had anyone ask for my ticket on there
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
BD24
DART is actually pretty decent tbh. Dallas is the only Texas city with decent public transit imo. Hell DART goes all the way out to DFW airport and many of the northern burbs as well. Really need to do your research before you start spouting nonsense Andy. Your cheap ass can even ride DART for free, have never had anyone ask for my ticket on there
I got a formal written warning once on DCTA. But I used to ride the DCTA and DART before I got my first car in 2016. Problem is, only lowlifes seem to ride it, literally 95% of the riders were black and frumpy/sketchy looking so I was downright scared, and makes the overall experience unattractive. Oh, and then you have the DART Transfer centers in Downtown Dallas, one of which literally had a patched up large bullet hole the last time I was there.
Plus the DART doesn't really go into the decent residential areas in the northern suburbs (Lewisville, Plano, Colony, Frisco etc).
Completely different experience from say, the New York City MTA, which literally everyone from hoboes to students to executives ride. My 1-month experience riding the MTA last spring was downright pleasant, especially compared to feeling like I was going to get shot on the DART buses/trains. DCTA in Denton was usually okay because it's majority students.
I actually think the San Antonio VIA is better than the DART
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
I’ve never felt unsafe on Dart. I’ve seen Hobos on there, but whatever.
Sounds like your just a scared white guy Andy
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
idk... big time events, water (somewhere chicks in bikinis hang out), hangout spots for all sorts of groups of people, pro sports, clubs, festivals, concerts, etc... big city things. And walkability/public transit. Hate driving everywhere, for example in Dallas area driving is the only option
eh, the wife and i are pretty much home bodies. we like staying in, maybe going to a bar/pub, so dont need huge stadium/convention centers. richmond is just over an hour out, so if there are big events like tours or something we wanted to catch, it's not that big a deal.
when it comes to sporting events, there are no pro sports in Virginia, but we're about a 2 hour drive to DC. i used to drive that much minimum to watch the raiders play in san diego anyway, so its not big difference tbh
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
BD24
I’ve never felt unsafe on Dart. I’ve seen Hobos on there, but whatever.
Sounds like your just a scared white guy Andy
what was the ratio of blacks to other races when you rode it?
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
eh, the wife and i are pretty much home bodies. we like staying in, maybe going to a bar/pub, so dont need huge stadium/convention centers. richmond is just over an hour out, so if there are big events like tours or something we wanted to catch, it's not that big a deal.
when it comes to sporting events, there are no pro sports in Virginia, but we're about a 2 hour drive to DC. i used to drive that much minimum to watch the raiders play in san diego anyway, so its not big difference tbh
Too bad the Raiders don't play the Redskins on the road until 2025.
And they just went to Baltimore last year during a AFCW-vs-AFCN year, so they're not scheduled to go back there until 2024, but there's a 1/4 possibility they go there in each of 2022 and/or 2023. But no possibility until then.
Next closest is Philadelphia, where they don't go again until 2025 as well.
I guess you can drive to Charlotte there next year as the Raiders play the Panthers there in 2020, but that's your only decent shot for a LONG time.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
Too bad the Raiders don't play the Redskins on the road until 2025.
And they just went to Baltimore last year during a AFCW-vs-AFCN year, so they're not scheduled to go back there until 2024, but there's a 1/4 possibility they go there in each of 2022 and/or 2023. But no possibility until then.
Next closest is Philadelphia, where they don't go again until 2025 as well.
I guess you can drive to Charlotte there next year as the Raiders play the Panthers there in 2020, but that's your only decent shot for a LONG time.
its not that big a deal. i could fly to vegas for a weekend :lol
i'm not trapped here
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
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Originally Posted by
BD24
I’ve never felt unsafe on Dart. I’ve seen Hobos on there, but whatever.
Sounds like your just a scared white guy Andy
That has been established already. Andy is scared of his own shadow. Maybe if he spent more time with his behemoth of a wife, she could protect him from the scary black people.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
phxspurfan
...or you're just a loser
https://www.cnbc.com/2019/08/14/kevi...000-saved.html
“You have to start in your 20s. You just have to, because you want to end up in your 60s with a boatload of cash sitting in investments, so you can kick back and relax a little bit,” O’Leary says.
“If you want to find financial freedom, you need to retire all debt — and yes that includes your mortgage,” O’Leary told CNBC Make It last year.
“The reason I say 45 is the turning point, or in your 40s, is because, think about a career: Most careers start in early 20s and end in the mid-60s,” O’Leary said.
“So, when you’re 45 years old, the game is more than half over, and you better be out of debt, because you’re going to use the rest of the innings in that game to accrue capital.”
Guy is right about saving 100K by 33 but wrong about what to do with it. Any decent growth fund that $100k will be over 2 million by 65 which would then guarantee six figure income for the rest of your days.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
its not that big a deal. i could fly to vegas for a weekend :lol
i'm not trapped here
Oh that's right, they're going to Vegas. Go fly to see a Raiders game, piss away $500 at the slots and score some cute hookers. Fun times.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
Oh that's right, they're going to Vegas. Go fly to see a Raiders game, piss away $500 at the slots and score some cute hookers. Fun times.
you need to grow up from your 22 year old outlook on life tbh
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
you need to grow up from your 22 year old outlook on life tbh
Married life sounds soooo boring :lol
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
Married life sounds soooo boring :lol
have you changed your story again from being married?
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
have you changed your story again from being married?
I am, legally, still. But it's more of a title than anything. I date other people pretty much every week. Wanted to get the divvy this past spring but waited till next spring so we could get the green card thingy done. We got it done, early this month actually. So we're gonna get the divvy done next march or so after doing taxes, tbh.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
what was the ratio of blacks to other races when you rode it?
I don’t know.
I’m not scared of black people so I don’t take a headcount of ratio everywhere I go Andy
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
spurraider21
have you changed your story again from being married?
:lol
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
I bought a 1,830 square foot, partial brick home in Columbus, Ohio for 21K cash in early 2017.
If I'd bought it in 2013 it would have been $6K.
Then you have Detroit, where there were 1500-2000 sqft houses available for around $1k in the winter of 2012-2013. Not joking.
A lot of it is when you buy relative to the economic cycle. Now is still bad because it's still a seller's market, even though it's slowly trending back down towards buyer's. When the recession hits the project houses will go for next to nothing. Because there's a lot less disposable income so a lot less cash/hard money investors in the market, so if you do have cash on hand you can get them cheap.
Still a shed, just a bigger shed.
You could drop 60K on it (if it were actually true) then it would be worth 24K.
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Quote:
Originally Posted by
Millennial_Messiah
My career as an employee ends at 35.
:lol sure thing
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Re: Shark Tank's Kevin O'Leary sez: save 100k by 33, buy a house and pay it off by 45
Didn't OLeary just kill somebody with his yacht?