What do you consider "good money"

[Tbar]

For reference..............

Household income in the United States

http://en.wikipedia.org/wiki/Household_income_in_the_United_States

[swgreen]

It's not what you make it's what you can save

[Jmh05]

...enough money to house, feed and provide an education for my family.

A man once told me, only borrow money for three things....1) education 2) roof over your head and 3) a vehicle to get you to work.

If you want anything else and can't pay cash for it, you don't need it.

Any cash leftover after the above is GRAVY in my opinion.

[bowhuntvideo]

Exactly, Sean. Is debt at 6% a bad thing when the money is used to fund an investment that provides returns at greater than 25%? Definitely not!

I do think that consumer debt (ie credit cards, etc) should be avoided if at all possible, but taking on debt to grow your asset base is something I do regularly.

Throw me an inside tip on the investment that returns 25%, consistently. I need me some of that dream. That would be doubling my money in less than 3 yrs. I think we could all get rich on this plan.

[BigTex.308]

Throw me an inside tip on the investment that returns 25%, consistently. I need me some of that dream. That would be doubling my money in less than 3 yrs. I think we could all get rich on this plan.

I'd love to make 25%! If you find such an investment please share!



Ike

[wow]

My first job paid .82 cents an hour in 69. My boss made 1.50. thought I was well off. I have had jobs that pay a lot and I seemed to adjust and spend the same. Im retired / disabled now and Im doing just fine I learned to adjust with the up and down. In the late 70s 100k a year . So as I said up and down. Cant take it with you.

[deer99hunter]

What is "Good Money" ?

It is every penny I've ever earned.

It is the savings account that my boss talked me into opening when I was 10 years old. I still have it.

It is every last cent that I've blown, spent on a tangible item, or saved.

It is what I have but forget about.

It is that one thing that we all long for, yet so few achieve.

It is a comfortable thing in life.

It is something you get when you quit trying to " keep up with the Jones's".

It is what most of our parents had...........











Someone posted on this thread on the first page or so about being the guy looking to spend $2m on a ranch. I'm that guy. Yes, I have it, but can't quite do what I want to do. If you look at it as "good money" , yes it is good money. But not enough to do what I want to do.

For the record, I live in a 1995 model mobile home. And I'm happy. Right here on the Rainey Ranch, all 17 acres of it here in Mauriceville Texas. Would my wife and I like to build a nice house here ? Absolutely. But that is a want, not a need. To us , "good money" is what we have saved and what we plan to save over the next few years.

"Good Money" is when we get to where we want to be in life.

There is no $$$ sign that mortal man can claim that can nor will make him happy.

We have to look for a place in life that makes us happy.

That is "good money" .














The best money I've ever spent went back to Him............

[Split Arrow]

Throw me an inside tip on the investment that returns 25%, consistently. I need me some of that dream. That would be doubling my money in less than 3 yrs. I think we could all get rich on this plan.

It's not unrealistic in the oil and gas industry at all. You have to be smart about where you put your money, but it's hardly a dream.

[JBJTX81]

If your household income is 60K you are in the top 1% in the world. I hope that helps put things in perspective for some of yall. With that said I think netting somewhere around 250K a year would be a nice comfy living. It would give you the opportunity to do some really cool things and make wealth building a little easier.

[brianlg31]

Well I DID like my job and pay.

Brian

[KNEE DEEP]

My dad told me many years ago make your livin off the 40 hour a week check you get,your play money is any overtime or bonuses you get,if any at all.I still live by that today.Don't count on your overtime money to pay bills with cause one day it won't be there.Just my 2 cents.

[txtrophy85]

It's not unrealistic in the oil and gas industry at all. You have to be smart about where you put your money, but it's hardly a dream.

Are you talking about buying a share in a oil well?

You can buy like 1/2 % for $12k or so

But if it dosent hit your SOL

[trophy8]

OK, after seeing some folks say this i have to disagree to a point. I want to punch dave ramsey in the face when he says live like noone else so you can live like noone else.

Keep in mind, tomorrow is never promised. I am young, i want to enjoy my life and go have fun and take the wife nice places. With that said a person has to be responsible with what they do. I had this same conversation with a guy i work with who saves everything and is a total cheap ***. Yes he will do great when he retires.... BUT youre old by then. And what if you die at 40? I want to enjoy the money that i make and enjoy the reward for my hard work NOW. But we do save and invest and we are smart with our money.

Rant over lol

[Split Arrow]

Are you talking about buying a share in a oil well?

You can buy like 1/2 % for $12k or so

But if it dosent hit your SOL

Not what I'm talking about at all.

[txtrophy85]

Well inquiring minds want to know what you can do to make a 25% return in your money