Do you live below, at or above your means?

why would those tire people be putting stars on meals?

 

depends on how you define it, i guess. we have some student debt that we're currently paying off, so we pinch pennies and put all of the extra into paying off the debt as quickly as possible. we don't really buy new things often, and usually buy them used when possible. neither of us really care about having brand name things or fancy clothes, so that helps i suppose.

 

WAAAAAY below, and I am currently making only $1000 a month. But I am teaching in southern Thailand. My rent/utilities/wi-fi/200 channel cable TV/parking garage/security door is $126 a month. It takes $1.67 to fill up my little Honda motorbike, or there is plenty of cheap public transportation. In Thailand there is national health insurance if you have a job. A private beach house on the edge of the sand at Had Yao Beach is $10 a night

 

Exactly. It's like planning to fail.

Why would anybody need that with an LLC?

It increases their business, because stars have sharp points that damage tires.

 

I live within my means.

 

i need to move to Thailand.

 

The beach house sounds great. Yes, I'm cheap

 

Mhm

 

I knew you were an attorney.. come on, you have to know the answer to that. You are smart and educated it's obvious. That's just a jab at something that isn't a PA or LLP, and therefore deemed less legitimate and 'professional' in your community. Trust me I worked for plenty of lawyers and am friends with a handful. I could be totally off base but I could also be right.

But anyway, here are the main reasons why.

http://www.legalzoom.com/planning-your-estate/living-trusts/why-every-business-owner-needs


But something tells me you already knew that.



I'm also not talking about some rinky dink sole proprietorship structured as an LLC. I'm planning multiple income streams, multiple businesses and with multiple partners. The first one is definitely going to be an LLC but I'm at this point reading and learning about different kinds of business structures.

 

I don't make enough money to live below my means. I spend a lot of money on healthy food and supplements these days. I should be saving more, but it's motivating me to find a better job.

 

What are you interested in pursuing Rat?

 

I am not interested in pursuing anything, really. But I am looking to possibly get into nutrition, since I have a pretty good knowledge of and passion for the subject. I'm not really sure how feasible it is, though. I kind of feel like I should just pick something that will guarantee me a job where I simply make more money than what I am making right now. I feel like I am getting too old to be fucking around at this point. Sometimes I wish I was skilled in a trade, like you.

 

This. I think this is my background. I have been so easy with money, I would just give money away too easily. To family and partners. But there is definitely a point where people take advantage and leave the other person in financial distress. Like not being able to get anything beyond the basics because of bad habits (drugs, alcohol, gaming, etc.).

Also, some of this may come from what I grew up with. My parents had strange financial stuff.

I don't see how having separate accounts means you're planning to fail. Everything I've read about financial literacy, especially from the perspective of being an entrepreneurial, self-employed female is to keep your shit to yourself as much as possible. Maybe it's B.S. but too many women end up in a bad place because of sharing finances in a relationship.

I think my thing...when I got out on my own(in college) was just to save, and only buy what was necessary, I would give my money out when people asked and I would actually pay people way more than necessary to do things for me, or just because they needed money. I don't know why I was so stupid with money.

It's not like I'd bribe them by giving them money, it was just like...at the end of whatever happened I'd kinda shove some money into their hands. Like a tip.

Basically I saved my money unless I was spending money on someone else or loaning it out. I was determined to not get credit cards because many of my friends had major debt in college and were constantly getting their cellphones turned off. I remember when I was a kid doing the same thing. The purpose of money to me was to buy gifts for people. I guess I was a people pleaser.

Anyway, I just don't see why having separate accounts is a bad thing.
As The Offspring said, you gotta keep em separated.

 

Its below my means here.

I bring in money, fill her home and she takes care of everything else.

If I need to smoke, I ask her and she gives me change.

Occasionally, she comes back to me with spare savings and discuss on best ways of investing.


The key I think here is- her vision and frugal lifestyle.

 

Agree with you on not getting credit cards. It normally ends in debts.

On being people pleaser, its OK, No harm in that. Everything you do on this earth, pays you back. So, your good deeds will definitely pay in future.

On maintaining separate accounts, yes, its necessary, till you have 100% mutual trust and commitment.

 

Well first off, don't put time constraints on yourself. There are so many people who gained financial security or professional recognition in their 40s, 50s, etc.

And as far as me having a skillset, the only reason I do and the only reason it has turned into something lucrative and viable as far as a 'career' is because I fucking love it. I hate it at times because believe me it's not glamorous a lot of the time. My body hurts, I get dirty, hurt myself, sweat for hours most days, have been traditionally looked down on for working with my hands (especially as a young adult in DC), and I can go on. But at the end of the day I am passionate about what I do and none of that stuff matters the next morning when it's another fresh day.

My grandfather told me once to do what I love, work hard and become an expert at it.

My dad told me to follow my heart, do what I love because as long as it's honest and moral the money will come.

So that's what I did and that's what I do everyday. As much as you are into nutrition I would definitely pursue that if I were you. Even if it's getting a bullshit job around like minded people and pursuing some kind of nutrition certificates or degree, you will love it regardless of everything else because you will be working toward some kind of ultimate goal via a series of small goals. And you will unintentionally be doing valuable networking for later on in the meantime.

You could easily get a feel of the whole industry and apply that to a business of food products or supplements, or even some kind of consultant to rich people who are worried about nutrition for whatever reason. Share some knowledge with them then hold out your hand and take their money, and set it up somehow so it's on a recurring basis.

Go for it brah.

 

Are you open enough to do so and with that I mean no disrespect. The path to health is an individual one and with that comes not only the compassion to know that but the education and knowledge to concede that it is an individual path.

To garner respect and accreditation you would have to be accredited in that field as a nutritionist or a naturopath . I would suggest that you research those accreditations and see if it will fit.

 

always below enough to stash a little aside for things i REALLY want, once in a while. interest on debt is the plantation i don't wish to live on.

 

I try to save $$ all the time- -discount shops,,generic foods/meds, find the cheapest gas,, even try to stay away from ATM,s that charge 3 bucks.
There are things I dont worry about- -I get whatever beer I want, I dont worry about saving on Dog food, (nothing but the best for Bochcie)- any other stuff- So I guess I am in the middle- I live at my means.
However, the ol lady, loves to shop- I see more crap come into this place then I think is necessary- - but she has income coming in ,,so I say only so much...Also she had it pretty damn good for many years,so I guess its a hard life to change when you never had to worry about money.
Me- -I always had to be concerned.(havin a drug problem yrs ago didnt help).

We have plenty of debates on how much $$ should be spent / saved - -