What To Buy?
03-18-2007, 02:33 PM
#1
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What To Buy?
Alright so I finally got a job offer that I liked and accepted it. Now my girlfriend and I are deciding what we should spend money on and I wanted some ideas.
Next year we will make $125,000, we have no loans or debts. What should we buy?
Next year we will make $125,000, we have no loans or debts. What should we buy?
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03-18-2007, 04:01 PM
#3
What should you and your GIRLFRIEND buy?
NOT A GOD DAMN THING!!!
If you had a wife or fiance, I'd have some suggestions, and they'd involve numbers and letters like 401k, IRA, 503B, 529, MMA.
I had a couple serious girlfriends, even lived with a few, but WE never owned anything. What's the point? If you're not gonna marry her, the two of you don't need to own **** together... it's just something to fight over... or something that will keep you both together long after you should have split up. DON'T EVEN THINK ABOUT GETTING A PUPPY!!! If you are going to marry her, then just save for a bigger ring or honeymoon.
So:
Buy a ring, pop the question, get married, buy house, file taxes jointly, fill up your IRA's and Employer savings plan (whatever it is), have a couple of mutual funds, college saving accounts, have at least 3 months of petty cash in an easily accessible account ($8k should be enough), get life insurance policies that will pay off the house plus about 2 years salary for the deceased, MAKE SURE YOU HAVE A WILL!!!!!!!!!!, and a living will, become an organ donor, quit smoking, join a gym, support the ASPCA and Surfrider Foundation, register to vote (and then do it), support the troops, and call your parents at least once a week.
NOT A GOD DAMN THING!!!
If you had a wife or fiance, I'd have some suggestions, and they'd involve numbers and letters like 401k, IRA, 503B, 529, MMA.
I had a couple serious girlfriends, even lived with a few, but WE never owned anything. What's the point? If you're not gonna marry her, the two of you don't need to own **** together... it's just something to fight over... or something that will keep you both together long after you should have split up. DON'T EVEN THINK ABOUT GETTING A PUPPY!!! If you are going to marry her, then just save for a bigger ring or honeymoon.
So:
Buy a ring, pop the question, get married, buy house, file taxes jointly, fill up your IRA's and Employer savings plan (whatever it is), have a couple of mutual funds, college saving accounts, have at least 3 months of petty cash in an easily accessible account ($8k should be enough), get life insurance policies that will pay off the house plus about 2 years salary for the deceased, MAKE SURE YOU HAVE A WILL!!!!!!!!!!, and a living will, become an organ donor, quit smoking, join a gym, support the ASPCA and Surfrider Foundation, register to vote (and then do it), support the troops, and call your parents at least once a week.
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03-18-2007, 04:13 PM
#5
Buy a house in YOUR name only.
As a loan officer, I can't tell you how many people I talk to every day who totally screw each other in a divorce. But I also run across people who were stupid enough to buy a house together as BF/GF - now THAT's stupid. Why? Because you have to refinance the house (in your name only) to pay the bitch off before she decides to **** up your credit.
As a loan officer, I can't tell you how many people I talk to every day who totally screw each other in a divorce. But I also run across people who were stupid enough to buy a house together as BF/GF - now THAT's stupid. Why? Because you have to refinance the house (in your name only) to pay the bitch off before she decides to **** up your credit.
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03-18-2007, 04:21 PM
#6
But to answer your question... how about some nice booze. Go out and spend about $500 on liquor. Get yourself a nice selection with some top-shelf stuff. You don't need the Blue Label, but a couple bottles each of Rum, Whiskey, Gin, Vodka, Scotch, Tequila, and mixers, Blue Curacao, Amaretto, some various Schnapps. Some martini glasses, snifters, etc...
Don't forget a few cases of wine and always have four of five different beers on hand... bottles of course.
When it's time to break up, grab the Glenlivet and KetelOne... you'll be fine for few days.
We do poker about once a month and Miller Lite doesn't cut it.
The wine stays in boxes in the pantry until needed, and the gin/vodka lives in the freezer. The fridge in the garage is strictly for beer and soda.
Here's how I roll...
Don't forget a few cases of wine and always have four of five different beers on hand... bottles of course.
When it's time to break up, grab the Glenlivet and KetelOne... you'll be fine for few days.
We do poker about once a month and Miller Lite doesn't cut it.
The wine stays in boxes in the pantry until needed, and the gin/vodka lives in the freezer. The fridge in the garage is strictly for beer and soda.
Here's how I roll...
Last edited by samnavy; 08-01-2007 at 09:48 PM.
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03-18-2007, 04:24 PM
#7
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You're stocked with liquor a bit better than I am, but I have a mini-fridge next to my bar that I keep full of beer. I also like to keep a Heineken mini-keg on hand. But the rule is, if it's tapped, it's gotta be finished that day. 
Loki, savings savings savings. $125 is enough to keep you comfortable, but not enough to be rich. I know it's tempting to go out and blow it on jewelry, vacations, a boat, a new car, etc. But try to resist the urge. I spent the past several years living below my means to save money to purchase a nice house. My cars are old but paid for, I don't shop at the mall stores, and I don't typically "waste" money on material things. What I do have is a nice house, low debt, and hopefully am on the right track for a stable future.
You'll want at minimum $25k in the bank before you purchase a house. You'll be amazed at how expensive home ownership is.
Loki, savings savings savings. $125 is enough to keep you comfortable, but not enough to be rich. I know it's tempting to go out and blow it on jewelry, vacations, a boat, a new car, etc. But try to resist the urge. I spent the past several years living below my means to save money to purchase a nice house. My cars are old but paid for, I don't shop at the mall stores, and I don't typically "waste" money on material things. What I do have is a nice house, low debt, and hopefully am on the right track for a stable future.
You'll want at minimum $25k in the bank before you purchase a house. You'll be amazed at how expensive home ownership is.
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03-18-2007, 08:40 PM
#10
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Well I have been with my girlfriend for 6 years, and were not planning on buying anything huge for a while. I was looking for fun things to buy.
I Like the booze idea. I need more fun ideas like that.
PS My girlfriends a finance major and my cousins a laywer, they take care of everything.
I Like the booze idea. I need more fun ideas like that.
PS My girlfriends a finance major and my cousins a laywer, they take care of everything.
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03-18-2007, 09:24 PM
#11
I have some of my troops get themselves in bad financial positions all the time. They leave to go on cruise: and their apartment, car, accounts, bills, everything are in the care of their girlfriend. He gets back from cruise to find all his credit cards maxed, accounts emptied, car wrecked, apartment emptied or destroyes, and the girlfriend shagged up with some other guy. If she left you today, how fucked would you be.
The worst story is about the guy who gets divorced from some crazy bitch, then remarries to an awesome woman. He goes off to Iraq and gets killed. But he never told the military or updated his paperwork about his divorce or new wife, so the old bitch gets everything... all his SGLI ($400,000), retirement benefits, EVERYTHING!
I may be out of line, but I really hope you know where all your money is, where it goes, where it's invested, your retirement plan, where yours and her wills are located and what it says in them, etc...
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03-18-2007, 10:31 PM
#14
"...they take care of everything".
My wife handles most of our financial stuff. She does the taxes, balances the checkbook, and stuff. But we both sit down every 4-6 months, review our portfolio, see what's working and what isn't, make any changes that need it. Quicken is good, we use it as a backup to Q.A. everything we do by hand. Barring anything unforeseen, we'll both be retired at 55, kids out of college and on their own, house paid off, drawing nice pensions, and worth about $2.8mil. Everybody needs a plan, even if you make minumum wage. "My girlfriend handles it", even a 6yr relationship, is a good way to wake up broke one morning. I see it a lot... A LOT!
My wife handles most of our financial stuff. She does the taxes, balances the checkbook, and stuff. But we both sit down every 4-6 months, review our portfolio, see what's working and what isn't, make any changes that need it. Quicken is good, we use it as a backup to Q.A. everything we do by hand. Barring anything unforeseen, we'll both be retired at 55, kids out of college and on their own, house paid off, drawing nice pensions, and worth about $2.8mil. Everybody needs a plan, even if you make minumum wage. "My girlfriend handles it", even a 6yr relationship, is a good way to wake up broke one morning. I see it a lot... A LOT!
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03-18-2007, 10:37 PM
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Yeah seriously.....
But Sam thanks for the concern, but those troops have shitty girlfriends obviously. My parents owned their first house before being married, *im not convinced theyre married now*. If someone is going to **** you what does it matter if they say I do or not? They can still **** you.
I will take precuations, we will most likely buy a house before were married anyways. My parents, and cousin did it.
But, I need ideas. My gf and I talked and so far weve come up with 1) motorcycle 2)purses and clothes 3)car And that only adds up to 20 grand... Need more things.
But Sam thanks for the concern, but those troops have shitty girlfriends obviously. My parents owned their first house before being married, *im not convinced theyre married now*. If someone is going to **** you what does it matter if they say I do or not? They can still **** you.
I will take precuations, we will most likely buy a house before were married anyways. My parents, and cousin did it.
But, I need ideas. My gf and I talked and so far weve come up with 1) motorcycle 2)purses and clothes 3)car And that only adds up to 20 grand... Need more things.
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03-18-2007, 10:47 PM
#17
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"...they take care of everything".
My wife handles most of our financial stuff. She does the taxes, balances the checkbook, and stuff. But we both sit down every 4-6 months, review our portfolio, see what's working and what isn't, make any changes that need it. Quicken is good, we use it as a backup to Q.A. everything we do by hand. Barring anything unforeseen, we'll both be retired at 55, kids out of college and on their own, house paid off, drawing nice pensions, and worth about $2.8mil. Everybody needs a plan, even if you make minumum wage. "My girlfriend handles it", even a 6yr relationship, is a good way to wake up broke one morning. I see it a lot... A LOT!
My wife handles most of our financial stuff. She does the taxes, balances the checkbook, and stuff. But we both sit down every 4-6 months, review our portfolio, see what's working and what isn't, make any changes that need it. Quicken is good, we use it as a backup to Q.A. everything we do by hand. Barring anything unforeseen, we'll both be retired at 55, kids out of college and on their own, house paid off, drawing nice pensions, and worth about $2.8mil. Everybody needs a plan, even if you make minumum wage. "My girlfriend handles it", even a 6yr relationship, is a good way to wake up broke one morning. I see it a lot... A LOT!
I want ideas for cool ****
Pension and retirement are already planned retired by the time were 52, total net worth is somewhere around 4.5mil (not including retirement property)
Again my girlfriend is a finance major from a top 10 university working for citigroup, she gets her jollies from this ****.
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