Where my fellow Doge coin billionaires at?

[daryl_s]

Huuuuuge losses today!!!! Time to buy?

[eddielasvegas]

Just a few seconds ago.  Anybody really surprised?  I sure am not.

Eddie

[wildwoody]

Go crypto, F air b&b's kids cant find a place to rent up here , do to 160+ up here, and Ross glad to here your with the high rent cowboys who jumped on the California rent hike ban wagon, my son can't find a place he can afford with 2 kids for a year now, but glad to here your getting richer and your intitlement daughter has a free place to live. Ya I'm pissed herring stores of the rich and ahole air band b owners who want you to work weekends because they can't get there asses up here. Don't want to inconvenience the rich. Just my rant. Just bought more doge..

[HuntHarder]

1 hour ago, wildwoody said:

Go crypto, F air b&b's kids cant find a place to rent up here , do to 160+ up here, and Ross glad to here your with the high rent cowboys who jumped on the California rent hike ban wagon, my son can't find a place he can afford with 2 kids for a year now, but glad to here your getting richer and your intitlement daughter has a free place to live. Ya I'm pissed herring stores of the rich and ahole air band b owners who want you to work weekends because they can't get there asses up here. Don't want to inconvenience the rich. Just my rant. Just bought more doge..

Pretty early to be drinking bud!  

[JSR]

2 hours ago, wildwoody said:

Go crypto, F air b&b's kids cant find a place to rent up here , do to 160+ up here, and Ross glad to here your with the high rent cowboys who jumped on the California rent hike ban wagon, my son can't find a place he can afford with 2 kids for a year now, but glad to here your getting richer and your intitlement daughter has a free place to live. Ya I'm pissed herring stores of the rich and ahole air band b owners who want you to work weekends because they can't get there asses up here. Don't want to inconvenience the rich. Just my rant. Just bought more doge..

Maybe your son needs to get a better job? No shame in that. 

[stanley]

 

3 hours ago, wildwoody said:

Go crypto, F air b&b's kids cant find a place to rent up here , do to 160+ up here, and Ross glad to here your with the high rent cowboys who jumped on the California rent hike ban wagon, my son can't find a place he can afford with 2 kids for a year now, but glad to here your getting richer and your intitlement daughter has a free place to live. Ya I'm pissed herring stores of the rich and ahole air band b owners who want you to work weekends because they can't get there asses up here. Don't want to inconvenience the rich. Just my rant. Just bought more doge..

Yikes.....   A rant, indeed.

Serious question;  Did you buy more DOGE-USD because of some sort of strategy analyst info, or sort of basically on pure speculation based on the fact that it's lower today than it's been in a year?

I'm still sort of just sitting on the ETH I bought years ago, but get tempted on occasion to sell/buy on the swings....

[Calamado_Guey]

11 minutes ago, stanley said:

 

I'm still sort of just sitting on the ETH I bought years ago, but get tempted on occasion to sell/buy on the swings....

I bought in and followed crypto pretty closely for about year chasing the swings. It was fun and made a little money. As it slowed down and began to decline, I got completely out. Kinda got bored with it actually. Pretty repetitive, lose a little, gain a little. It’s very similar to slot machine hahaha. Fun when you hit it right. 

[bonecollector]

16 minutes ago, Calamado_Guey said:

I bought in and followed crypto pretty closely for about year chasing the swings. It was fun and made a little money. As it slowed down and began to decline, I got completely out. Kinda got bored with it actually. Pretty repetitive, lose a little, gain a little. It’s very similar to slot machine hahaha. Fun when you hit it right. 

Same here.

[MULEPACKHUNTER]

Finally an all green day for me, been a while. Went in hard this week to the point where i have a little butterfies. We will see.

[Couescrazy33]

On 5/12/2022 at 7:47 AM, wildwoody said:

Go crypto, F air b&b's kids cant find a place to rent up here , do to 160+ up here, and Ross glad to here your with the high rent cowboys who jumped on the California rent hike ban wagon, my son can't find a place he can afford with 2 kids for a year now, but glad to here your getting richer and your intitlement daughter has a free place to live. Ya I'm pissed herring stores of the rich and ahole air band b owners who want you to work weekends because they can't get there asses up here. Don't want to inconvenience the rich. Just my rant. Just bought more doge..

Ah, the American dream. You are pissed because of someone elses success in life? You sound like a socialist. Last I checked this was a capitalism counrty. Anyone in this country has the same start in life and can make that life what they want. We all have choices to make and those choices have consequences and or rewards. 

Grow up, dont blame people who work their butts off to be successful for your families problems. Work harder, save money and make similar investments.

I wish i had a few air bnbs to rent out. But i made other choices in life financially, worked my butt off to become debt free and can retire at 38 if I want.

I have a high school diploma only, no college and no one helped me get to where im at. 

Stop crying, grow up and make better life choices.

Also stop voting Democrat, you sound just like one.

[Boarman03]

On 5/12/2022 at 7:47 AM, wildwoody said:

Go crypto, F air b&b's kids cant find a place to rent up here , do to 160+ up here, and Ross glad to here your with the high rent cowboys who jumped on the California rent hike ban wagon, my son can't find a place he can afford with 2 kids for a year now, but glad to here your getting richer and your intitlement daughter has a free place to live. Ya I'm pissed herring stores of the rich and ahole air band b owners who want you to work weekends because they can't get there asses up here. Don't want to inconvenience the rich. Just my rant. Just bought more doge..

I didn't say I was charging the maximum rent, I'm a bit of a softy. You know we are friends and you know how frugal I am. But I also am quick to help others. My wife and I had a long term plan and did without to make it happen. Nobody gave me squat. 

The point is, anybody can do most of what I've done. But like the majority of investments, time and educating one's self is critical to success. 

I've checked out the Air BnB's, and VBO's and noticed that the higher gross income gets chopped back by all of the additional fees and increased investment, management and insurance requirements. Plus, more laws are being passed to regulate them. I may still do one or two to test the final difference, but I'm sticking with my main focus that has brought me great success.

I don't care what the value of the house is, I care what the net recurring revenue stream is. I'm no rocket scientist, I did get a higher than normal education although I didn't finish my degree, and I did not withdraw from my classes the last semester I attended ASU, so technically I am a college flunkout! 

Yes, currently, houses that I bought at $49,000 - $130,000 are worth $350,000 to $450,000. But that will drop to about half, maybe a little lower, in the next crash at the bottom. I'm old enough to have understood and experience it twice, almost three times. 1968, 1988, 2006-2008. There is a pattern. History typically repeats itself. A lot of what happened prior to 1988, except the very high interest rate is occurring now. A few years after the crash most people don't have the cash or credit to buy the bigger ticket items.

Poor planning by the masses is not my fault. I'm a terrible consumer and a much better investor. Nearly every deal I ever made was available to the masses. But only a few of us put ourselves in position to close the deal. Like hunting. Not everyone can get the trophy but everyone pretty much has an equal chance. Where each person chooses to put their time to guarantee their own success is their free agency. 

Please don't condem me for being diligent and frugal anymore than I should condemn someone else for their trophy game. Chance always plays a part in everything but it's mostly the choices and efforts we apply that normally make the difference. 

For me, I have more control and safety in rentals. They have been a lot of work but I have more than most people. I don't see myself ever not working but I do see greater chances of financial security now and in the near future since I've been doing this so long (steady since 1993).

In my opinion, net worth is a farce, to a great degree. If you buy a house for $50,000 and sell it 40 years later for $350, 000, you'll pay tax pretty much on the full $350,000 for long-term capital gains, plus be out the cost of selling it. You'll only wind up with about half of the $350,000 ($175,000) and you'll have to manage and protect that from the money handlers as it drops in value against inflation. So one's net worth is really about half of the gross value less any indebtedness. If I had 10 houses worth $400,000 each and no loans, then I'd really be worth about $2 million, not $4 million. If you look at $2 million in the bank at 2% interest per year, that would only yield $40,000 per year. It would take $6 million to gain $120,000 per year at 2%. At 6% interest, $2 million would gain $120,000.

But, keep the revenue stream, say net $1,000 per month per house after all expenses, and have 10 houses, well $120,000 a year doesn't sound too bad in today's dollars. Have 20, obviously double the effort, and hmmmm, keep them all rented, and I like the idea of $240,000 per year that moves with inflation. Then I can take care of my medical needs and still enjoy life and really help my kids. Even just 1 or 2 houses makes a difference.

Invest where you feel comfortable but please don't condem me for my honest choices. To me, my choice is much less a gamble and I'm definitely earning my money.

[Boarman03]

On 5/12/2022 at 7:47 AM, wildwoody said:

Go crypto, F air b&b's kids cant find a place to rent up here , do to 160+ up here, and Ross glad to here your with the high rent cowboys who jumped on the California rent hike ban wagon, my son can't find a place he can afford with 2 kids for a year now, but glad to here your getting richer and your intitlement daughter has a free place to live. Ya I'm pissed herring stores of the rich and ahole air band b owners who want you to work weekends because they can't get there asses up here. Don't want to inconvenience the rich. Just my rant. Just bought more doge..

Perhaps your son should try listening to Dave Ramsey. I am Not a participant in Dave Ramsey's programs, I disagree with him on a few things, I did everything my own way, but....  out of all of the programs I have heard he is potentially the better and he seems to be readily available to listen to.

My father in law and I do not get along. He has never liked me. I was too "unfocused" and did not get my college degree. Our personalities clash and it has always been a huge stress in my marriage.He is an arrogant PhD in Finance and a tax accountant. But I listened to much of what he had to say when I was younger, still listen if I'm near him, and hang on to anything he says of worth and try to let go of the mountains of self righteousness and arrogance.

One comment he made, that I didn't like, but that is true is, " if you aren't earning enough to take care of your family in the manner you feel you want or need to, then you have to make yourself worth more"

There are many ways to do that and each person has to " ... guarantee your own success". Today's rich is really people with $40 million or more. That may sound strange at first, but again use how much interest you would earn on $40 million in the bank at today's rates %. And the money most likely would not be protected by the FDIC! We all know banks fail, and then bye bye $$$$$. I don't have much money, it's always tied up in the investments, and I always feel very broke. I carry a credit card, not cash, except for a ratty two dollar bill a friend gave me. But, I can help my kids with the important things and they understand what we have done and are also frugal. That makes me feel very successful.

[daryl_s]

I love these last two posts!!! Spot on. I wish I learned those things sooner in life and got an earlier jump on them. 

[bigorange]

Tacking onto Boarman’s “earning enough” comment (and I am a Ramsey zealot since I was about 20 and have taught some of his courses) one of my favorite things Dave says is that your most powerful wealth building tool is your income. If you need more money…go make more. He’s also fond of saying not to listen to most PhDs in Finance since most of them are broke! LoL

[Non-Typical Solutions]

It's gonna take a lotta green days to fix the mess and get things headed north again!!!