Friday, November 20, 2009

How much in cash/investments have you got and how old are you?

Im 33 and earn approx 75000pa, I have 2 properties one is nearly paid off and I rent the other out to gear it. I have approx 80000 dollars saved in cash and investments. I have a wife earning approx 20000pa and no kids. I have not inhereted or won any money.

How much in cash/investments have you got and how old are you?
Your question seems to be about not your financial portfolio, but about how you "sum up" at this particular point in your life. A quarterly review, so to say. You've been busy. You've gotten seriously focused somewhere along the way. But, you're bright. You never sold out your deepest principles and dreams. That's it. You have DREAMS rather than ambitions. And, might you be considering some bold and well-planned leap of faith at this point in life? Your question reads like a well-ordered man muttering to himself on a dock by the sea. He has a ticket to cross some bright, vast ocean on a frugal ship. And, he pats himself down for a last checklist: "Wallet, passport, credit cards, cash, birth certificate, letter of introduction, safety box key, checkbook and picture of wife." Best of luck to you in your journey. Do it now. I don't have a lot of confidence in the economy holding out through your lifetime, not with 2070 and the end of oil on the horizon. Do NOT stake too large a percentage of your resources on long term goals. Go decidedly early medium-range. As for me, to actually get around to answering your question, I am old and I have no money.
Reply:I'm 20 and all i got is a smashed 1968 ford mustang with a 390 big block in it. ...that explains a lot. and around 6,000 cash some in the bank. about 4 other cars some run... and a fourwheeler some motorcycles I moved out when i was 16 and paid for everything myslef. my parents couldent afford to buy us anything. ...Icome from a family of 11 kids.
Reply:That's quite personal. You shouldn't be telling this much info publicly around the world like this. Just warning you. And it makes you sound really arrogant and haughty, which doesn't help any.
Reply:I'm 3 1/2. I'm so rich that Bill Gates comes over twice a week to defrag my Apple Computer.


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