bluesunflower
New Member
- Location
- UK
We had a couple of properties which we rented out, but had terrible tenants. It was far better to sell them and invest the money elsewhere.
Are you comfortable talking about money?
- Thread starter Capt Lightning
- Start date
We had a couple of properties which we rented out, but had terrible tenants. It was far better to sell them and invest the money elsewhere.
nvtribefan
Member
- Location
- Reno, NV
What's the big secret?
I found this topic got me to thinking about my own experiences regarding money. I was born in 1946 into a farm family. These were really good, hard working folks and most of them had lived through THE depression. These were people who already valued the concept of "being responsible" (in all things) and of course having the 'depression experience' left its mark on them as well. So even though I had not had the terrible experience of living through the depression, I was counseled/guided/directed by folks who had. I had no idea, as a child, what CREDIT was but when my father would speak of it, it sounded ominous and dangerous and almost evil. We didn't buy things "on time" but saved until we could pay cash. When I was old enough (early 20's) to actually need a credit card the darned thing made me NERVOUS and I was extra careful to not let this MODERN thing get me into trouble. It seems a bit laughable now but I will always be grateful to my Dad for instilling in me a proper respect for 'having debt'. I have several grandchildren now. Doing business and funding their daily lives with those 'hot' little cards has been problematic for some of them. I know I am considered "old" now and it has been a long time since I was "cool"...but I don't cringe when the monthly statements come in and I don't have to live on antacids and I sleep well almost every night. Some principles remain as strong as ever; don't spend money that you don't have, don't fall for the lure of the latest wonderful "thing", and whatever else you do - don't lie about it. Amen.
Robusta
Member
- Location
- upstate New York
I am also showing my age,by my usage of plastic. Credit cards get used just to keep them active. I have one low limit card exclusively for online use.
For the longest time, several years, I would use the debit only for ATM withdrawals, then when the local gas station gave a nickel off, I started using it there. I still use cash exclusively for purchases under 20 or 30 dollars.
Most bills are paid online and a checkbook lasts a year.
In contrast my daughter and her husband, have an account at Navy Federal Credit Union. Never have been is a branch in their lives. Daughter direct deposits her check,SIL processes his paper check with his smartphone. I swear the only cash they ever have is from bottle returns. All transactions are done with plastic or electrons.
They bought a home 2 years ago. Entirely online. They found the house, an,agent contacted them and did the showing. several weeks later the closing was held in a motel conference room. The only paper checks that changed hands were the agents fee and the taxes.
For the longest time, several years, I would use the debit only for ATM withdrawals, then when the local gas station gave a nickel off, I started using it there. I still use cash exclusively for purchases under 20 or 30 dollars.
Most bills are paid online and a checkbook lasts a year.
In contrast my daughter and her husband, have an account at Navy Federal Credit Union. Never have been is a branch in their lives. Daughter direct deposits her check,SIL processes his paper check with his smartphone. I swear the only cash they ever have is from bottle returns. All transactions are done with plastic or electrons.
They bought a home 2 years ago. Entirely online. They found the house, an,agent contacted them and did the showing. several weeks later the closing was held in a motel conference room. The only paper checks that changed hands were the agents fee and the taxes.