Post: #126

(06-21-2013 05:38 AM)thegmanifesto Wrote:  I am the opposite. I just went to the fish market and food market in a picturesque French seaside town. I just bought everything I wanted without barely thinking of costs. Hell, I have no idea what I spent. I am the same way when going out. If I make the decision to have fun, money is the least of my worries. I don't even think about it. I really don't care about money. A good thing is, girls seem to respond well to this attitude.

Agree 100%

I have friends who when we go out and take a cab they squabble over how much each person needs to chip in for the fare. I hate that cheap attitude, disgusts me. It's only cash, go out and spend it, more will come along sometime. When I'm out I will spend whatever is in my pocket, I'll buy people drinks, buy women drinks, tip doormen etc. some say that that is beta but they are usually the people who can't afford to do it. I don't go out that often so when I do I like it to be an event, something to remember.

G, you on the Côte d'Azur?

Post: #127

(06-21-2013 06:07 AM)Vorkuta Wrote:  

(06-21-2013 05:38 AM)thegmanifesto Wrote:  I am the opposite. I just went to the fish market and food market in a picturesque French seaside town. I just bought everything I wanted without barely thinking of costs. Hell, I have no idea what I spent. I am the same way when going out. If I make the decision to have fun, money is the least of my worries. I don't even think about it. I really don't care about money. A good thing is, girls seem to respond well to this attitude.

Agree 100%

I have friends who when we go out and take a cab they squabble over how much each person needs to chip in for the fare. I hate that cheap attitude, disgusts me. It's only cash, go out and spend it, more will come along sometime. When I'm out I will spend whatever is in my pocket, I'll buy people drinks, buy women drinks, tip doormen etc. some say that that is beta but they are usually the people who can't afford to do it. I don't go out that often so when I do I like it to be an event, something to remember.

G, you on the Côte d'Azur?

I concur,

I do this also when I know $$ is flowing into my life.

prices fly right out of my head.

I think it's because I am minimalist in my general behavior.

So I justify all the extra spending as no big deal.

I also know people who have paid for cabs, and made a big deal about it the following week.

these people aren't broke.

It just baffles me how you can live life like that.

A 24/7 Accountant.

Post: #128

(06-21-2013 05:38 AM)thegmanifesto Wrote:  Great points.

Yeah, I just don't think of dating in regards to each and every transaction.

I have a friend that thinks about the price of every little thing he buys.

I am the opposite. I just went to the fish market and food market in a picturesque French seaside town. I just bought everything I wanted without barely thinking of costs. Hell, I have no idea what I spent. I am the same way when going out. If I make the decision to have fun, money is the least of my worries. I don't even think about it. I really don't care about money. A good thing is, girls seem to respond well to this attitude.

The percentage thing as well is a great point. The guy on here was choking on "$100 a week spent on dating". Depending on where you are, that is nothing.

In Miami Beach, that is five cocktails.

If you are dating 3-5 girls a week, it would be pretty damn easy to double or quintuple that (or more).

I think it also helps that I do keep track and try to maximize many of my other non-dating transactions. Its easy to spend more on dating when you save 5% on goods buying in bulk, 1-2% on all spending by utilizing credit properly, pay for things in full to avoid additional charges, etc.

You see so many people worried about things like $100 a week on dates, but they don't have that transactional "cost-per" mentality about the rest of their lives and do things like spend 4-5 bucks daily for a cup of coffee.

Many people also don't see that paying for services can actually make you money if you are smart about it. I tend to pay people to do things I could do myself whenever the cost is significantly less per hour than I make. Sure it costs a lot to use a dry cleaner regularly, but the 10 hours a month I save on laundry allows me to work 5 hours, make more money than it costs and also gain 5 hours in free time.

Post: #129

Dating is an activity. It should cost you just like any other activity you do. Funny how guy say they won't spend on gals but they have expensive clothing and gym memberships. Unless guy is a homo chances are they are doing it to be more alpha. Well isn't that spending for girls in a way???

Post: #130

(06-17-2013 02:57 PM)iknowexactly Wrote:  I have enough passive income to be living without working in a very cheap country only. Low six figures. I am planning on going to the Philippines eventually, but to live someplace cheap is boring because the people's intellect is greatly limited due to too many brain cycles focused on survival.

I am living in California and relatively poor-- just surviving.

I spend my time recording music, editing movies and writing. It's great but I don't have good enough game to get really attractive women here because I'm over 50. So I'm trying to work more to get my passive income up.

Ideally I would be in a first world country with high culture but with a hot chick around. I don't have any real need to keep changing women all the time like true PUA.

where does your passive income come from?

Post: #131

Relax guys, I’m not that cheap. I sometimes spend several hundred dollars on dates, but I’m not going to do that every week. The satisfaction even diminishes if you’re constantly going for that lifestyle and that’s why even the vast majority of NFL players and lottery winners quickly end up broke or underwater because they spent too frivolously.

The opportunity cost of overspending is you could have gone on more dates with more girls, saved toward a vacation, or even invested it like a dirty little cheapskate.

I don’t have a gym membership, I don’t drink coffee, I try to exclusively spend on expenses, investments, going out, and chasing tail. For me, there isn’t a large enough benefit to overspending on chasing tail, so I'd rather simply balance between these four in a way that will give me the greatest long-term satisfaction.

If this isn’t for you, that's fine, but your assumptions are wrong if you think I’m this miserable person who never enjoys spending time with the girls I date.

Post: #132

The question is what to do with free time.

Lol!

Thats like a slave asking what to do with his freedom!

The short answer is -- Any fucking thing you want!

The long answer is -- Follow the affections of your heart and the truths of your imagination!

Your desires, wants, and needs will change daily, monthly, and yearly. So, what you do with your free time will change accordingly.

I know a few people who are financially free. A few inherited commercial real estate and a few made it big in tech. I myself took a year long mini retirement when I quit my career.

I won't bore you with the details of chasing pussy, traveling, studying, working out, improving myself, learning new skills, improving relationships, playing ball, farming, cooking, enjoying the arts, etc.

If you are bored, you are not trying hard enough.

Post: #133

I'm just shy of 58, and plan on working for two more years (controller at a tech firm) - then taking early SS at 62. I just bought a $500k home on a country club in North San Diego for all cash, leaving me with about $1.5 million in cash (combination savings and inheritance). I've paid my "work dues" having been in the workforce for 35 years. What do I plan to do with my nest egg/free time?

- Focus on my music. I've accumulated a gnarly pile of gear (coupled with 50+ years of playing and a degree in composition) that will enable me to compose anything my mind envisions with basically zero cost (other than an electric bill!) and focus on learning more instruments (play upward to 30 now) and studying modern jazz.

- Start an event photography business. As with my music gear, my investment in camera equipment (complete Nikon and Canon rigs) has already been made, it's just a matter of getting out there and making a name for myself.

- Astute investment management. Having been in finance/accounting for 33 years (as a Certified Financial Planner, securities broker and for the past 20 years as a controller/managerial accountant) I feel qualified to manage my shit!

- Travel, of course...although I will feel less desire to "vacation" once I move to my vacation home and every day is a friggen' holiday at Pauma Valley! Going to Spain with my new girlfriend (doctor) in September for 2 weeks - Barcelona>the Pyrenees>Costa Brava.

- Learn to golf!

- Surf the North County beaches, and snowboard up at Mammoth.

As has been pointed out, 1-2 million isn't a lot these days, but if I can hit my mark at 3% post-tax return and stay on a budget, I should actually have a great retirement!

Post: #134

StudebacherHoch,

Just curious, ever been married? Congrats on the the nest egg.

I ask only because you are closer to retirement and probably have some different life experiences.

Thanks.

S

Post: #135

Twice, Sam - the first marriage was a "it's time to settle down and marry" decision (back in 86) - bad move, it lasted less than a year. The second one lasted 16 years - I was determined to make it work after my disastrous first marriage, but my second wife was a total spendthrift/clothes junkie and refused to stay on a budget. The divorce was final in February - she took 1/2 (of our joint assets) of course, and I had to give her 200k additional to sign a waiver of support in the form of alimony. I am NEVER getting married again...biggest mistakes of my life!

Post: #136

^ Dang!

Post: #137

^^ Yeah, Ouch!

(08-06-2013 03:49 PM)StudebacherHoch Wrote:  Focus on my music.

I love this answer!

Congratulations dude. Enjoy. You are an inspiration.

Post: #138

(08-06-2013 04:13 PM)StudebacherHoch Wrote:  Twice, Sam - the first marriage was a "it's time to settle down and marry" decision (back in 86) - bad move, it lasted less than a year. The second one lasted 16 years - I was determined to make it work after my disastrous first marriage, but my second wife was a total spendthrift/clothes junkie and refused to stay on a budget. The divorce was final in February - she took 1/2 (of our joint assets) of course, and I had to give her 200k additional to sign a waiver of support in the form of alimony. I am NEVER getting married again...biggest mistakes of my life!

StudebacherHoch,

Thanks so much for sharing. Sorry that you went through that.

Post: #139

(08-06-2013 05:55 PM)samsamsam Wrote:  

(08-06-2013 04:13 PM)StudebacherHoch Wrote:  Twice, Sam - the first marriage was a "it's time to settle down and marry" decision (back in 86) - bad move, it lasted less than a year. The second one lasted 16 years - I was determined to make it work after my disastrous first marriage, but my second wife was a total spendthrift/clothes junkie and refused to stay on a budget. The divorce was final in February - she took 1/2 (of our joint assets) of course, and I had to give her 200k additional to sign a waiver of support in the form of alimony. I am NEVER getting married again...biggest mistakes of my life!

StudebacherHoch,

Thanks so much for sharing. Sorry that you went through that.

Cali has Alimony? considering you have no kids I don't see why you even be stuck with maintenance, and that is usually only 2 yrs or so.Especially it seems she would be deemed to have enough assets to survive on. You could also have made it clear you be retiring in 4 years thus not getting much income and no income NO alimony(or do what guys here do ,QUIT job, in your case it be early retirement, you certainly could afford to do so). Seems you could have avoided the 200k but I don't know how community property states work.

Post: #140

Hiya' Jim ~ The reason why is this: a) we were married over 10 years, and b) we made roughly the same income, and c) she was working for a top dog at one of the biggest banks in the country who was on the verge of retiring - so her entire job was in question as she'd gone out on a limb to take the position. So if she did become unemployed (thank GOD she didn't, and was moved to another department!) and I continued (which I want to as my job is kush as hell) I'd have to pay her alimony. The LAST thing I wanted was to have to write that bitch a check every month for who knows how long (apparently NOT just for 2 years). Did I make the right decision...only time will tell, but I had a hot-shot divorce attorney who said I'd be a damn fool not to ask for the waiver in light of our employment situation. That 200k was in the form of equity in our Hollywood Hills home, which she kept...and that's a good thing as our dog was able to stay with her in the home he'd become accustomed to (he was adopted) ~ so I was also thinking in terms of the pooch!

Post: #141

Cali is probably the worst state to get married in. A friend got divorced and had to pay $6K in alimony. Because she was used to the nice lifestyle but didn't have the education or job to continue.

And the what you make together is community is bullshit. The court split even what he had amassed before marriage.

Post: #142

She was trying to get her mitts on an $850k windfall (a portion of a family gift) and was flummoxed when the mediator told her, "No way, Jose!"

Post: #143

(08-06-2013 06:33 PM)StudebacherHoch Wrote:  Hiya' Jim ~ The reason why is this: a) we were married over 10 years, and b) we made roughly the same income, and c) she was working for a top dog at one of the biggest banks in the country who was on the verge of retiring - so her entire job was in question as she'd gone out on a limb to take the position. So if she did become unemployed (thank GOD she didn't, and was moved to another department!) and I continued (which I want to as my job is kush as hell) I'd have to pay her alimony. The LAST thing I wanted was to have to write that bitch a check every month for who knows how long (apparently NOT just for 2 years). Did I make the right decision...only time will tell, but I had a hot-shot divorce attorney who said I'd be a damn fool not to ask for the waiver in light of our employment situation. That 200k was in the form of equity in our Hollywood Hills home, which she kept...and that's a good thing as our dog was able to stay with her in the home he'd become accustomed to (he was adopted) ~ so I was also thinking in terms of the pooch!

Thanks for the answer...yeah Cali sounds bad. I never heard of a chick getting maintenance if no kids in question and person employed. In NYC if person is unemployed they make her get a job or education and payments will be temp.
I have to assume working the xtra 4-5 years on your job made up for the 200k.
My strategy would be to quit my job and make her pay me alimony lol.

I CHANGED my mind and not moved to Vegas when i learn it was a community property state. Whats funny is a lot of these scamming FSU gals in NYC convince there spouses to move to New Jersey. I always wondered why since property taxes even higher than long island. It hink its becuase they found out NJ is a community property state. I hear TEXAS is one of the best states to get divorced in.They give bitches NOTHING often.

Post: #144

Those cunts know. You've all been warned!

Post: #145

Post: #146

(08-06-2013 05:30 PM)Giovonny Wrote:  ^^ Yeah, Ouch!

(08-06-2013 03:49 PM)StudebacherHoch Wrote:  Focus on my music.

I love this answer!

Congratulations dude. Enjoy. You are an inspiration.

Thanks!

Post: #147

@ StudebacherHoch- If you need someone to put in your will, I can be named for a small fee. Ya know, you can't take it with you.

Post: #148

(08-06-2013 03:49 PM)StudebacherHoch Wrote:  I'm just shy of 58, and plan on working for two more years (controller at a tech firm) - then taking early SS at 62. I just bought a $500k home on a country club in North San Diego for all cash, leaving me with about $1.5 million in cash (combination savings and inheritance). I've paid my "work dues" having been in the workforce for 35 years. What do I plan to do with my nest egg/free time?

- Focus on my music. I've accumulated a gnarly pile of gear (coupled with 50+ years of playing and a degree in composition) that will enable me to compose anything my mind envisions with basically zero cost (other than an electric bill!) and focus on learning more instruments (play upward to 30 now) and studying modern jazz.

- Start an event photography business. As with my music gear, my investment in camera equipment (complete Nikon and Canon rigs) has already been made, it's just a matter of getting out there and making a name for myself.

- Astute investment management. Having been in finance/accounting for 33 years (as a Certified Financial Planner, securities broker and for the past 20 years as a controller/managerial accountant) I feel qualified to manage my shit!

- Travel, of course...although I will feel less desire to "vacation" once I move to my vacation home and every day is a friggen' holiday at Pauma Valley! Going to Spain with my new girlfriend (doctor) in September for 2 weeks - Barcelona>the Pyrenees>Costa Brava.

- Learn to golf!

- Surf the North County beaches, and snowboard up at Mammoth.

As has been pointed out, 1-2 million isn't a lot these days, but if I can hit my mark at 3% post-tax return and stay on a budget, I should actually have a great retirement!

congrats man, you got the life I hope to have someday. Also having been there with divorce after a 9 yr marriage, at 38 I can say I am not going back either. Could have used your photog services! Got married in Del Mar and the photog we had was pretty bad.. North County is probably the best place in the United States. I envision my own retirement like yours, watching the break at Swami's drinking coffee and hanging with the regulars there. I also used to ride a lot and was an instructor in Utah and CO, and would like to have another 100 day snowboard season again. Want to work hard for the next 10 years in this rat race I am in, and buy a place in Leucadia. I also play, and occasionally jump in a jazz ensemble here, but I just want to sit in my place and record for hours and hours. I figure if I can work hard, hold on to my slice, I can have something like this too.

Post: #149

I like motorsport competition. I'm partial to motocross. It will give you the biggest adrenaline rush you've ever had and motocross racers are among the most fit of athletes.

There are places to race cars and motorcycles at an amateur level in most of the U.S. If you have land, build your own racetrack for whatever style of racing is popular in your area (motocross, flat track, whatever) so you can ride 7 days a week. There's nothing like waking up, having a coffee and flying off 70 foot jumps first thing in the morning.

After a couple of years of riding every day, you should be one of the top local racers so you can go to the regional championships, then nationals.

It just takes some cash and some good riding buddies to get started.


edited for grammar

Post: #150

@studebacher hoch- Good stuff man.

A little bit of nit-picking:you should re-fi the house. You could get a OO-loan for around 3.5% 15 yr fixed (for 60-70% of loan value) .

Another thing is if you buy a new car (like I did), you can get a 1.99% 5-year car loan from the credit unions (customer promotional deals).

Below-inflation loans =free money.