|
|
Post by sd51555 on Mar 15, 2019 9:29:30 GMT -6
I spent $500 on fruit trees for deer that probably won't survive. My wife washes zip-lock bags for reuse and scrapes the last bit of peanut butter out of a jar with a rubber spatula. I figured out a route home from work that doesn't require blinkers to be safe. I think fixing the faulty blinker switch might total out the cavalier once and for all. It works most of the time if I just keep actuating it manually. |
|
|
|
Post by sd51555 on Mar 15, 2019 9:34:07 GMT -6
In any other transaction, money can only do one thing at a time. That money sitting still is savings. That money in motion is investing or spending. With SD's whacky be your own bank system, you can take advantage of the same witchcraft that is fractional reserve banking. (But don't call it that) 1. Earn normal interest and dividends as if there is no loan. 2. Also use it to fund whatever you need funded. Because you can use assets you already have, your cashflow advantage is double edged. You earn: 4.2% earned on your full cash value amount 4.7% saved because you're not paying a bank, you're taking cash from your left pocket to your right. SD's Deadwood State Bank assets (secured by Cass County mud) grow by 8.9%/yr before I even begin repaying principal. 6 years ago I had the juice to be able to buy about 10 acres up north. Now, I've got capital to do 50 with nothing more than a text to my paperwork guy to send me a check, cause we're going shoppin. There's a little trickery in there due to a situation, but the principles remain the same. The compounding power of this is impressive and picking up a lot of speed. You do know that a bank must lend to you at 1% interest right?? I.E. If you have a $100,000 CD earning 3% at a bank......the bank is required to loan you YOUR money back at no more than 4%. Interest is both income and expenses on your taxes......so the costs to you are not too great. I invest with Schwab.....and Schwab has a bank where I can get a loan with my securities as the collatorol....and have money the next day if need be. Easy peasy.....but I do those things very seldom. I may do this in fall via a "bridge loan" until I sell my "old place" here in OZ. If you're name was Jeff, to that I'd say, "Oh Jeff." |
|
|
|
Post by Foggy on Mar 15, 2019 9:37:45 GMT -6
One thing about a bridge loan like said above......is that you are not forced to sell an asset or take capital gains on some investments or otherwise change your portfolio for a short term need. As soon as I get my "old home" sold.....the money will retire the loan. No big deal. OH SD!  |
|
|
|
Post by kooch on Mar 15, 2019 11:23:13 GMT -6
I spent $500 on fruit trees for deer that probably won't survive. My wife washes zip-lock bags for reuse and scrapes the last bit of peanut butter out of a jar with a rubber spatula. I figured out a route home from work that doesn't require blinkers to be safe. I think fixing the faulty blinker switch might total out the cavalier once and for all. It works most of the time if I just keep actuating it manually.  |
|
|
|
Post by benmnwi on Mar 15, 2019 13:59:58 GMT -6
If you are charging yourself interest for the money you borrowed yourself I think you and your client need some professional assistance.
|
|
