good business opportunity?

[mccoy178]

Calm down Schmokes.  I didn't twist anything.  You attempted to give some half arse reply to his post, I call you out on it, and you attempted to use witty banter to discredit me.  Good luck in the future!  I presumed he was referring to the business as a whole, and you were referring to the owner himself.  Even if it was the owner, you left a very sparse response to a serious question.  Now, I like post counts as much as the next guy, but leave it with the bacon.  If someone asks a serious question, at least take the time to make a thoughtful response.  I believe Sodapopinski is going to take the offer.  You can tell not only by the post he left today, but just by the demeanor of the initial post.  I wanted to give an honest thought to the subject, as I have owned a small business that was successful.  I just don't have the right mentality to sacrifice some things for others I felt were more important.  When an opportunity arises such as this, it is easy to see the positives and avoid the negatives usually due to just not truly understanding what they are.  Now if you think I'm running from what I mentioned, lets discuss...............

P.S. Your last post didn't help you in the least.  A very bad attempt to try and flip it on me.  I think it was the wrong approach. 

[shmokes]

I'm calm.  I'm just enjoying how easy this is.  Go reread my post and then read the first line of yours.  While reading my post, in addition to catching all the stuff you obviously missed the first time around, pay special attention to the word "If".

p.s.  You didn't call me out on my post being short, or not addressing some potential pitfalls.  You called me out on saying he could retire after living ten years on an income of $90k.  In fact, the only thing in your response that wasn't covered in my "half arse" reply was all of the things like equipment and insurance and materials that were going to eat into that $200k which is based entirely on an illogical assumption on your part.

p.p.s.  You kind of suck at this.

[mccoy178]

For the sake of both of us, it's done.  If you want me to say," If you think 110k over ten years is enough to retire......" then fine, I still think you don't know what you're talking about! 

P.S. I may suck at typing responses back and forth, but you didn't represent yourself well here.  It's only a battle friend.  You will have your opportunities.  I believe you are a good replier and it will show someday.  I think it's pretty easy to see that neither one of us was stellar here, but you didn't even have business posting here.  Thus, stick with the bacon.

[DrewKaree]

p.p.s.  You kind of suck at this.

I thought I twisted your words pretty good.  I'm still working with him, he'll get there soon enough.

[shmokes]

Agreed.  For the sake of both of us it's done.  And I dont' think 110k over ten years is enough.  I think investing 110k every year for 10 years above and beyond the 90k you are living on is enough to retire.

p.s.  Don't take it personally.  I've been corresponding my personal attacks with yours this entire time.  And I have more business here than with bacon.  Here, I gave good advice.  In the bacon thread all I can do is talk about how I hardly eat any bacon. 

Chad?  Stingray?  Back me up here.

p.p.s.  Just to be clear, I constructed an argument immediately after claiming to be done deliberately.  LOL.  Who gets the last word now?

[shmokes]

I thought I twisted your words pretty good.  I'm still working with him, he'll get there soon enough.

Actually, Drew, I thought that you really captured the spirit of what I was trying to say this whole time quite beautifully with your Cabage Patch post. 

I was impressed as usually I have to deal with you quoting me saying things like, "I...want to kill children and elderly people," coming from a post that originally said, "I cannot even comprehend what could possess someone to want to kill children and elderly people."

It's horrible, but you have no ethics so I just deal.

[mccoy178]

Same same.  I like this place.  Today is my 366th day at BYOAC, and what a way to celebrate!

[sodapopinski]

I have no doubt there is money to be made. One month he took 38,000 to himself just as an example.
I appreciate the responses, but i haven't been on the message board for a while and I have seen the word bacon like fifty times. Just a little confused.

[DrewKaree]

I have to deal with you quoting me saying things like, "I...want to kill children and elderly people,"

That's just a terrible thing to say.  I can't believe quoting you makes you upset with me.  Just terrible.

It's horrible, but you have ethics so I just deal.

It's really not that horrible, you should try it sometime.  I just hate pointing out that by saying that, it leads people to believe you have none.  I expected more from you.  I think we should have a recall on that vote.

 

[shmokes]

You become more and more a democrat every day.

[DrewKaree]

You become more and more a democrat every day.

Get a photographer to go with you.  I want a picture of MrC punching you in the speedbags when you tell him that to his face.

[sodapopinski]

had  another talk with my boss and he has promised he will write me at least 5000 per month. So it sounds more like salary to me.

[shmokes]

Well, congratualtions.  It sounds like it's already a kickass promotion and possibly on track to become something much bigger.

[mccoy178]

Well, congratualtions.  It sounds like it's already a kickass promotion and possibly on track to become something much bigger.

Retirement maybe?

[hyiu]

I'm not trying to dis anyone, but I have calculated before...
if I want to retire now... (like right now...)

I'll need AT LEAST 5 mil... and that's just to keep my current lifestyle (and some future projection...) not getting any extra luxury...

without a job, everything will need to be purchased...
healthcare, dental, life insurance,.... etc.

and you'll have more free time which means you'll spend more...
and also... there's something call "KID(S)"  <-- note that (S)...
that could tip your equation....

Even if I can save $200K a year for 10 yrs.... I might not be completely ready for retirement.... (that's 2 mil....) and I'm not counting tax, or whatever... just simple cash....

but that's just me....

I never consider myself ambitious / agressive... but I do want to have in a comfortable home, drive a decent new car, and have a comfortable (not necessary luxury) life.....

and I'm using NYC living standards.....

a 1 family house in decent area in NYC (not Manhattan) nowadays costs easily 500K+.... and can reach 800K+ in better neighbourhood... just mortgage alone can kill....

[shmokes]

Well, I don't know how old you are, so I don't know how long you would be retired if you retired right now.  But, even if you didn't invest ANY of your money and just put the $5 million dollars under your mattress and spent $250 per day, 7 days a week it would still last you more than 50 years.   That would be like bringing in a salary of over 115,000 a year. 

Of course, you're not going to put it under your bed.  If you just put the $5 million in the bank and made a lousy 3% on it you could live on the interest alone with an income of $150,000 a year without even touching the $5 million.  You could do this indefinitely.  And in reality you're not just going to put that kind of money in a regular savings account so you're going to do a helluva lot better than 3%.  You'll have some here and there in stocks, bonds and money market accounts, maybe some real estate. 

I don't know what kind of lifestyle you're living, but somehow I doubt you'd need $5 million dollars in order to maintain it without working.

[sodapopinski]

give me 5 mill. i'll retire at 24

[DrewKaree]

I'm not trying to dis anyone, but I have calculated before...
if I want to retire now... (like right now...)

I'll need AT LEAST 5 mil... and that's just to keep my current lifestyle (and some future projection...) not getting any extra luxury...



and I'm using NYC living standards.....

Change your living standards to New Orleans standards.  You should be able to live like a king for about $30 a week.  Of course, if you wanna "upgrade", that's gonna cost ya.

[shmokes]

Heh...I missed that in the post.  Not that you couldn't retire in NYC on $5 million, but why are you using NYC living standards.  Wouldn't a city with a cost of living a little closer to the national average make a more useful generalization?

[Bones]

5 million.

A house at the beach, a house in the snow, a house in the country, never have to work again, spend more time with the kids, a new model Ducati every year.

5 million would be enough for me......

[hyiu]

sorry that I have to use NYC living standard, because there where I am, that's where all my friends, family, and relatives are. 

to retire, but to move away from everyone seems a bit unreasonable...

and yes, I'm talking about retire with a decent life...
have a house, able to own a safe car in decent shape, can afford some hobby... and able to at least help my kids thru college (donno about paying them completely...) have some emergency fund.....

if you're looking for just surviving and any trouble happens, turn to our govt for wellfare, and very low quality of life, then yes, I'm sure you don't need 5 mil to retire....

in my mind, 5 mil is kinda far away, but not impossible....
(well... still have no slod plan yet....)   


but as I get older, keep in mind, the amount will be slightly smaller (since my "time left" will be less...) and also my saving is a little higher.....

so hopefully, they'll meet before I die... haaa haa haaa....