Whatever guys, thread open. (3 Viewers)

[Sarnoff]

Why stop there? Should go for 500-600 phones a week for an extra $4000-$5000. Boom, $200k a year and you can afford to move out from your parents and not have to deal with those pesky black guy co-workers.

Well, there was a point I was considering hiring some Asian work overseas to help me win some phones while I was working at Olive Garden. Give them very precise price parameters and watch them go to town.

I think that 200+ phones would be possible but you'd have to be lower your profit per transaction to like $3.00 - 4.00.

The other perk to this is that I was getting 2% cashback on every purchase I made on eBay. Which, when averaging about $500 in sales per week would have added up to an extra $40 a month. $480 extra a year. Pays for a few phones, grows exponentially as your sales grow.

EDIT: And funny enough, no black guys, just black women, lol.

Oh my God. You were going to hire people? This is the gift that just keeps on giving.

"Hey Grimey, this is my son, Bart. He owns a factory downtown."

 

[Eminence]

I never thought I'd say this, but you should go back to selling used cell phones because that seems like the better way to make money for you.

Have you read this post Sheik? My picks were perfectly fine:

ALL THINGS CONSIDERED:

GAIN: $24.31

LOSS: $40.12

NET: ($15.81)

When you consider the fact that $31.80 (or 79%) of my my "loss" was through transaction fees and that I've made a stock selection that has increased in value by 55%. I think I'm off to a great start considering my $150 initial investment. I'm excited to see what these numbers possibly could have been if I had a spare $500 to $1,000 to spend.

I'm guessing I wouldn't be sitting on a NET LOSS but rather a NET GAIN of a few hundred bucks.

THOUGHTS?

Building on this thought.

$85.71 was spent on ONVO with $7.95 spent on transaction fees; $77.76.

$42.20 was spent on HEMP with $7.95 spent on transaction fees; $34.25.

Total: $127.91

Assuming I had $500 to spend and I purchased the same % of each stock:

$335.04 on ONVO with $7.95 spent on transaction fees; $342.99

$164.95 on HEMP with $7.95 spent on transaction fees; $172.90

TOTAL SPENT: $515.89

I would have purchased 34.5 shares of ONVO which I eventually sold for a loss of $1.07 per share:

($36.91) - $7.95 = $44.86 loss

$298.42 VALUE

I would have purchased 3,665 shares of HEMP which I would have gained $0.025 per share:

$91.625 - $7.95 = $83.67 gain

$248.6 VALUE

INITIAL INVESTMENT: $515.89

NET: $31.13

I have read all of your posts. I'm fairly sure I'm your number one fan. On days you don't post, I feel a little empty inside. And I'm not joking.

That said, you have spent a lot of time (and money) to make $31 and change.

I know you hate this suggestion, but go get a job waiting tables until you finish school. You will make way more money doing that than in the Stock Market. You are spinning your wheels for no gain. Time is money and you are wasting time trying to make tiny gains on wild gambles and speculation. You'd have a better chance at just taking your money and putting it on black or red. Let it ride.

I'm oddly rooting for you to do well in something even though it would ruin my entertainment factor on this board.

I have had some fun on Roulette in the past but I get greedy. I was up $300 - 400 bucks after two-successful nights then lost it all when I couldn't resist the temptation to go back.

Obviously you were betting red.

Cuz once you bet black, you never go back.

I really was betting red... that's kind of, my thing.

 

[TheIronSheik]

How about you let me write a book about your life and we split the money 50-50?

 

[bushdocda]

Do the AssociAtes degree credits count towards a Bachelors degree? Don't know how those work or if they have any use.

You have so many ideas that require money, you really should work as many hours possible to earn some before you mess with it.

 

[Premier]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

 

[Eminence]

Do the AssociAtes degree credits count towards a Bachelors degree? Don't know how those work or if they have any use.

You have so many ideas that require money, you really should work as many hours possible to earn some before you mess with it.

If I continue at Baker College, most of the credits should transfer. As far as other Universities, I'm not sure. The biggest hiccup is that I'm getting my Associates in Accounting and am going for my Bachelors in Business Administration.

I have a few leftover credits from my first run at College (Business Marketing, Business Law, Business Management, etc) that weren't required for my Associates in Accounting that I should be able to use for my Bachelors. I've also got Ethics, Geology (a science), Psychology, and Sociology credits that should transfer over wherever I go.

I don't think it would take me much longer than two-years to get my Bachelors once I get my Associates. Assuming I don't get comfortable, find a wife, and never finish or something like that.

 

[Eminence]

How about you let me write a book about your life and we split the money 50-50?

Deal, under the condition that in the book I'm a member of FBG Staff.

 

[Mario Kart]

Well, that's where the Associates Degree comes into play. I'd rather drop dead than not have my Associates in Accounting by the time 2015 rolls around. I should be able to acquire a $16.00 - 20.00 an hour job once I get it.

Good luck but these jobs aren't falling from the trees with every one who has an associates degree. It is a nice pipe dream you have but you are going to be very disappointed when you have to "settle" for a job paying near what you are making now at Walgreens.

$20 an hour ~ $41,000

Good luck just walking into something like that. Might as well go be a paralegal instead.

 

[RUSF18]

WTF is an Associates in Accounting? And who recognizes that enough to pay decent intern-type money?

 

[DocHolliday]

Well, that's where the Associates Degree comes into play. I'd rather drop dead than not have my Associates in Accounting by the time 2015 rolls around. I should be able to acquire a $16.00 - 20.00 an hour job once I get it.

Then it's onto the Bachelors Degree.

In the meantime, I need to get my money working for me. Ya' know?

What I'm saying is that by working as a waiter/bartender, you could make more money than your current job and Stock Market endeavors combined. And you'd have enough free time to probably take more classes and finish your degree much quicker. Ya' know?

This is similar to the advice I posted earlier today but Shiek's specific advice to be a bartender or waiter would actually help you with your social life too. If I remember correctly, you have trouble meeting ladies.

Being a waiter/bartender pays off socially. You will meet a ton of women as a waiter or bartender. They have to talk to you. You would have more money if you worried more about women than the get rich quick schemes.

 

[DocHolliday]

Do the AssociAtes degree credits count towards a Bachelors degree? Don't know how those work or if they have any use.

You have so many ideas that require money, you really should work as many hours possible to earn some before you mess with it.

If I continue at Baker College, most of the credits should transfer. As far as other Universities, I'm not sure. The biggest hiccup is that I'm getting my Associates in Accounting and am going for my Bachelors in Business Administration.

I have a few leftover credits from my first run at College (Business Marketing, Business Law, Business Management, etc) that weren't required for my Associates in Accounting that I should be able to use for my Bachelors. I've also got Ethics, Geology (a science), Psychology, and Sociology credits that should transfer over wherever I go.

I don't think it would take me much longer than two-years to get my Bachelors once I get my Associates. Assuming I don't get comfortable, find a wife, and never finish or something like that.

Since you are so worried about money, I suggest you hold off on the marriage thing. Wives have a special gift of making money disappear.

 

[Mario Kart]

http://www.youtube.com/watch?v=7pUh2ZumG3g

 

[Eminence]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

$17,250 - 3,000 = $14,250

Now, let's calculate my monthly expenses:

$200 Food

$70 Gas

$50 Phone Bill

$50 Insurance

$370 x 12 months = $4,440 for yearly living expenses. Let's add a $1,000 cushion for unforeseen events, $5,440.

$14,250 - $5,440 = $8,810 Remaining

Now, let's allocate some funds for new clothes, entertainment, fantasy football, gambling and place that number at about $1,500 (probably on overestimate but hey, #### it).

$8,810 - 1,500 = $7,310 Remaining

Ideally, I will have around:

$6,350 in stock

$7,310 in the bank by the end of the year.

Obviously I didn't account for taxes, so let's give myself a 10 - 15% downwards leeway on that estimate. But I would be very happy to have a NET WORTH of around $13,000 by the end of the year.

$13,000 = 20% of a $65,000 House

-

My only gripe with working more than 40 hours a week is the fact that I'm also going to school full-time and barely have enough time for socializing, doing homework, and working out as it is. I take online courses, so I go to school all-year round, no breaks.

Classes run 6-weeks.

 

[Eminence]

Well, that's where the Associates Degree comes into play. I'd rather drop dead than not have my Associates in Accounting by the time 2015 rolls around. I should be able to acquire a $16.00 - 20.00 an hour job once I get it.

Good luck but these jobs aren't falling from the trees with every one who has an associates degree. It is a nice pipe dream you have but you are going to be very disappointed when you have to "settle" for a job paying near what you are making now at Walgreens.

$20 an hour ~ $41,000

Good luck just walking into something like that. Might as well go be a paralegal instead.

Well, I know the next step-up in Walgreens pays $16.00 an hour. All I would probably have to do is move somewhere that had an opening, as well.

I figure I could get a job as an accountant somewhere, running all the books for about $20.00 an hour. I did a little perusing on Craigslist and in the City of Chicago there appears to be some opportunity.

Paralegal was my 2nd Option to Accounting.

 

[Eminence]

WTF is an Associates in Accounting? And who recognizes that enough to pay decent intern-type money?

I think it gives me enough credibility along with my management experience to walk into a job interview for various accounting, bookkeeping, office work, banking, etc to bull#### my way into a $20.00 an hour position. I know I can get $16.00 an hour with Walgreens, they love me over there.

 

[tonydead]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

$17,250 - 3,000 = $14,250

Now, let's calculate my monthly expenses:

$200 Food

$70 Gas

$50 Phone Bill

$50 Insurance

$370 x 12 months = $4,440 for yearly living expenses. Let's add a $1,000 cushion for unforeseen events, $5,440.

$14,250 - $5,440 = $8,810 Remaining

Now, let's allocate some funds for new clothes, entertainment, fantasy football, gambling and place that number at about $1,500 (probably on overestimate but hey, #### it).

$8,810 - 1,500 = $7,310 Remaining

Ideally, I will have around:

$6,350 in stock

$7,310 in the bank by the end of the year.

Obviously I didn't account for taxes, so let's give myself a 10 - 15% downwards leeway on that estimate. But I would be very happy to have a NET WORTH of around $13,000 by the end of the year.

$13,000 = 20% of a $65,000 House

-

My only gripe with working more than 40 hours a week is the fact that I'm also going to school full-time and barely have enough time for socializing, doing homework, and working out as it is. I take online courses, so I go to school all-year round, no breaks.

Classes run 6-weeks.

Rent? Or are we living in mommy's basement? tldr

 

[RUSF18]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

Jesus.

Quit plowing money into Walgreens stock, touting up the 10% discount, and pay off your 20% interest rate CC debt. You understand that 20% going out is worse than 10% coming in, right?

 

[TheIronSheik]

WTF is an Associates in Accounting? And who recognizes that enough to pay decent intern-type money?

I think it gives me enough credibility along with my management experience to walk into a job interview for various accounting, bookkeeping, office work, banking, etc to bull#### my way into a $20.00 an hour position. I know I can get $16.00 an hour with Walgreens, they love me over there.

Good luck with that.

 

[Premier]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

$17,250 - 3,000 = $14,250

Now, let's calculate my monthly expenses:

$200 Food

$70 Gas

$50 Phone Bill

$50 Insurance

$370 x 12 months = $4,440 for yearly living expenses. Let's add a $1,000 cushion for unforeseen events, $5,440.

$14,250 - $5,440 = $8,810 Remaining

Now, let's allocate some funds for new clothes, entertainment, fantasy football, gambling and place that number at about $1,500 (probably on overestimate but hey, #### it).

$8,810 - 1,500 = $7,310 Remaining

Ideally, I will have around:

$6,350 in stock

$7,310 in the bank by the end of the year.

Obviously I didn't account for taxes, so let's give myself a 10 - 15% downwards leeway on that estimate. But I would be very happy to have a NET WORTH of around $13,000 by the end of the year.

$13,000 = 20% of a $65,000 House

-

My only gripe with working more than 40 hours a week is the fact that I'm also going to school full-time and barely have enough time for socializing, doing homework, and working out as it is. I take online courses, so I go to school all-year round, no breaks.

Classes run 6-weeks.

Are you not paying for college out of that money? Do you have any college debt? If so your net worth isn't 13k.

Still, you're living at home, young and single. You should be stacking tons of cash. 13k won't even buy you a low end Kia.

 

[Controller]

WTF is an Associates in Accounting? And who recognizes that enough to pay decent intern-type money?

Don't know if this is a serious question, but assuming it is, I have the answer (at least here in California) since I have an Associates Degree in Accounting (as well as a Bachelor's):

To get my AA degree in Accounting I had to take:

The usual General Education classes (English, History, Speech, Psychology, etc.)

Accounting 1A or 101 (Basically learning debits, credits and profit & loss statements)

Accounting 1B or 102 (Basically learning a little Accounting theory and Balance Sheets)

A couple of Management classes

Statistics or Trigonometry (many students have to take a bunch of pre-requisite math classes to take Statistics e.g. Pre-algebra, Algebra, etc.)

Economics 1A & 1B (One is macroeconomics the other is microeconomics)

Income Tax class (for individuals & maybe for a very small business)

A full-time student should be able to knock this out in 2 years.

 

[jon_mx]

I was hoping some of this stock market fees would enlighten you a bit and sway you away from even considering buying a house. You really don't seem to understand the expenses associated with maintaining and selling a home. You are not stable enough to even consider buying a home. You need more flexibility to move where a decent job is. As far as being able to rent it out if you move, that is even dumber. The yahoos who you rent to will likely do more damage to your house than the rent you collect. A house is the stupidest thing someone at your age should be considering. Besides you are in a crappy area for real estate. You will never see enough appreciation on the house to make it even a remotely decent investment.

 

[Controller]

WTF is an Associates in Accounting? And who recognizes that enough to pay decent intern-type money?

I think it gives me enough credibility along with my management experience to walk into a job interview for various accounting, bookkeeping, office work, banking, etc to bull#### my way into a $20.00 an hour position. I know I can get $16.00 an hour with Walgreens, they love me over there.

If you have worked a little with Quickbooks, Great Plains or Mas90/Mas200 accounting software, you would probably be able to find a $20/hr job pretty easily around her (SF Bay Area)

If not, you should invest some time in learning QB. There are a ton of training videos on Youtube - watch enough of those and you should be able to demonstrate enough command of the software to get through an interview.

 

[Mr. Pickles]

Someone give me some seed money.

No.

 

[TheIronSheik]

I was hoping some of this stock market fees would enlighten you a bit and sway you away from even considering buying a house. You really don't seem to understand the expenses associated with maintaining and selling a home. You are not stable enough to even consider buying a home. You need more flexibility to move where a decent job is. As far as being able to rent it out if you move, that is even dumber. The yahoos who you rent to will likely do more damage to your house than the rent you collect. A house is the stupidest thing someone at your age should be considering. Besides you are in a crappy area for real estate. You will never see enough appreciation on the house to make it even a remotely decent investment.

The good news is that I don't think any lender in their right mind would give him a home loan.

 

[Eminence]

He,p

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

Jesus.

Quit plowing money into Walgreens stock, touting up the 10% discount, and pay off your 20% interest rate CC debt. You understand that 20% going out is worse than 10% coming in, right?

To be fair, the card with the biggest balance (the one with the $1,500 balance) was interest free until the 1st of this year. So in the meantime, I've been building up stock assets @ the 10% juice. I'm pretty meticulous about the way I'm playing this.

Once my tax return comes in, I'm putting it all on that card. I was going to put my $300 in Fantasy Football winnings on the card but the dude has YET to pay up. I've got $116 in HEMP stock available and come February 27th, I'll have $160+ Walgreens stock available. I've got a $500 paycheck coming in on February 6th and another one on February 20th.

Worst case scenario, I drop $400 of my Walgreens stock on the card's balance come March 31st.

It'll be paid off or close to it in the next month, month and a half. Not super concerned with it. The other card has a $600 balance and the Best Buy card is interest-free.

 

[TheIronSheik]

WTF is an Associates in Accounting? And who recognizes that enough to pay decent intern-type money?

I think it gives me enough credibility along with my management experience to walk into a job interview for various accounting, bookkeeping, office work, banking, etc to bull#### my way into a $20.00 an hour position. I know I can get $16.00 an hour with Walgreens, they love me over there.

If you have worked a little with Quickbooks, Great Plains or Mas90/Mas200 accounting software, you would probably be able to find a $20/hr job pretty easily around her (SF Bay Area)

If not, you should invest some time in learning QB. There are a ton of training videos on Youtube - watch enough of those and you should be able to demonstrate enough command of the software to get through an interview.

I'm guessing that $20 an hour in SF equates to about $10 an hour in most other places in the United States.

 

[Premier]

Buying a house

 

[TheIronSheik]

Buying a house

You missed that, too? Man, I feel like you've missed so much. He's looking to put something like 2% down on a $70,000 house that he's then going to rent out to people while living in a different state.

 

[Eminence]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

$17,250 - 3,000 = $14,250

Now, let's calculate my monthly expenses:

$200 Food

$70 Gas

$50 Phone Bill

$50 Insurance

$370 x 12 months = $4,440 for yearly living expenses. Let's add a $1,000 cushion for unforeseen events, $5,440.

$14,250 - $5,440 = $8,810 Remaining

Now, let's allocate some funds for new clothes, entertainment, fantasy football, gambling and place that number at about $1,500 (probably on overestimate but hey, #### it).

$8,810 - 1,500 = $7,310 Remaining

Ideally, I will have around:

$6,350 in stock

$7,310 in the bank by the end of the year.

Obviously I didn't account for taxes, so let's give myself a 10 - 15% downwards leeway on that estimate. But I would be very happy to have a NET WORTH of around $13,000 by the end of the year.

$13,000 = 20% of a $65,000 House

-

My only gripe with working more than 40 hours a week is the fact that I'm also going to school full-time and barely have enough time for socializing, doing homework, and working out as it is. I take online courses, so I go to school all-year round, no breaks.

Classes run 6-weeks.

Rent? Or are we living in mommy's basement? tldr

No rent, living at home to save money to purchase a house instead of padding someone else's wallet. Desired result is to move into a house as quickly as possible without sticking myself with a ####ty mortgage.

 

[Mr. Pickles]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

$17,250 - 3,000 = $14,250

Now, let's calculate my monthly expenses:

$200 Food

$70 Gas

$50 Phone Bill

$50 Insurance

$370 x 12 months = $4,440 for yearly living expenses. Let's add a $1,000 cushion for unforeseen events, $5,440.

$14,250 - $5,440 = $8,810 Remaining

Now, let's allocate some funds for new clothes, entertainment, fantasy football, gambling and place that number at about $1,500 (probably on overestimate but hey, #### it).

$8,810 - 1,500 = $7,310 Remaining

Ideally, I will have around:

$6,350 in stock

$7,310 in the bank by the end of the year.

Obviously I didn't account for taxes, so let's give myself a 10 - 15% downwards leeway on that estimate. But I would be very happy to have a NET WORTH of around $13,000 by the end of the year.

$13,000 = 20% of a $65,000 House

-

My only gripe with working more than 40 hours a week is the fact that I'm also going to school full-time and barely have enough time for socializing, doing homework, and working out as it is. I take online courses, so I go to school all-year round, no breaks.

Classes run 6-weeks.

Rent? Or are we living in mommy's basement? tldr

No rent, living at home to save money to purchase a house instead of padding someone else's wallet. Desired result is to move into a house as quickly as possible without sticking myself with a ####ty mortgage.

You remind me of a young Otis.

 

[Eminence]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

$17,250 - 3,000 = $14,250

Now, let's calculate my monthly expenses:

$200 Food

$70 Gas

$50 Phone Bill

$50 Insurance

$370 x 12 months = $4,440 for yearly living expenses. Let's add a $1,000 cushion for unforeseen events, $5,440.

$14,250 - $5,440 = $8,810 Remaining

Now, let's allocate some funds for new clothes, entertainment, fantasy football, gambling and place that number at about $1,500 (probably on overestimate but hey, #### it).

$8,810 - 1,500 = $7,310 Remaining

Ideally, I will have around:

$6,350 in stock

$7,310 in the bank by the end of the year.

Obviously I didn't account for taxes, so let's give myself a 10 - 15% downwards leeway on that estimate. But I would be very happy to have a NET WORTH of around $13,000 by the end of the year.

$13,000 = 20% of a $65,000 House

-

My only gripe with working more than 40 hours a week is the fact that I'm also going to school full-time and barely have enough time for socializing, doing homework, and working out as it is. I take online courses, so I go to school all-year round, no breaks.

Classes run 6-weeks.

Are you not paying for college out of that money? Do you have any college debt? If so your net worth isn't 13k.

Still, you're living at home, young and single. You should be stacking tons of cash. 13k won't even buy you a low end Kia.

Not planning on it. I've got about $5,000 in student loans and am probably going to need to take out about $7,000 more to finish up the last of this Associates Degree. So I figure I'll be $12,000 in debt when I have my Associates.

But if I go right back to school, I can continue to defer the payments. Like I said before, I can probably get promoted within Walgreens and make $33,280 a year. Otherwise, my goal is to make $20.00 an hour elsewhere.

With $13,000 down on a house, I'd continue to put 25% into the stock purchase plan and save $8,320 a year on that virtue alone. I imagine I probably will have financed a car by then, too.

 

[Premier]

Buying a house

You missed that, too? Man, I feel like you've missed so much. He's looking to put something like 2% down on a $70,000 house that he's then going to rent out to people while living in a different state.

I think I've seen the house thing before but didn't have the proper context or realize how broke he is. I have so much reading to do.

 

[Eminence]

WTF is an Associates in Accounting? And who recognizes that enough to pay decent intern-type money?

Don't know if this is a serious question, but assuming it is, I have the answer (at least here in California) since I have an Associates Degree in Accounting (as well as a Bachelor's):

To get my AA degree in Accounting I had to take:

The usual General Education classes (English, History, Speech, Psychology, etc.)

Accounting 1A or 101 (Basically learning debits, credits and profit & loss statements)

Accounting 1B or 102 (Basically learning a little Accounting theory and Balance Sheets)

A couple of Management classes

Statistics or Trigonometry (many students have to take a bunch of pre-requisite math classes to take Statistics e.g. Pre-algebra, Algebra, etc.)

Economics 1A & 1B (One is macroeconomics the other is microeconomics)

Income Tax class (for individuals & maybe for a very small business)

A full-time student should be able to knock this out in 2 years.

Where did you work when you had your Associates in Accounting? How much did you make per hour (if you don't mind me asking, of course)?

 

[Controller]

WTF is an Associates in Accounting? And who recognizes that enough to pay decent intern-type money?

I think it gives me enough credibility along with my management experience to walk into a job interview for various accounting, bookkeeping, office work, banking, etc to bull#### my way into a $20.00 an hour position. I know I can get $16.00 an hour with Walgreens, they love me over there.

If you have worked a little with Quickbooks, Great Plains or Mas90/Mas200 accounting software, you would probably be able to find a $20/hr job pretty easily around her (SF Bay Area)

If not, you should invest some time in learning QB. There are a ton of training videos on Youtube - watch enough of those and you should be able to demonstrate enough command of the software to get through an interview.

I'm guessing that $20 an hour in SF equates to about $10 an hour in most other places in the United States.

Yes, that is probably close to accurate.

 

[Premier]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

$17,250 - 3,000 = $14,250

Now, let's calculate my monthly expenses:

$200 Food

$70 Gas

$50 Phone Bill

$50 Insurance

$370 x 12 months = $4,440 for yearly living expenses. Let's add a $1,000 cushion for unforeseen events, $5,440.

$14,250 - $5,440 = $8,810 Remaining

Now, let's allocate some funds for new clothes, entertainment, fantasy football, gambling and place that number at about $1,500 (probably on overestimate but hey, #### it).

$8,810 - 1,500 = $7,310 Remaining

Ideally, I will have around:

$6,350 in stock

$7,310 in the bank by the end of the year.

Obviously I didn't account for taxes, so let's give myself a 10 - 15% downwards leeway on that estimate. But I would be very happy to have a NET WORTH of around $13,000 by the end of the year.

$13,000 = 20% of a $65,000 House

-

My only gripe with working more than 40 hours a week is the fact that I'm also going to school full-time and barely have enough time for socializing, doing homework, and working out as it is. I take online courses, so I go to school all-year round, no breaks.

Classes run 6-weeks.

Are you not paying for college out of that money? Do you have any college debt? If so your net worth isn't 13k.Still, you're living at home, young and single. You should be stacking tons of cash. 13k won't even buy you a low end Kia.

Not planning on it. I've got about $5,000 in student loans and am probably going to need to take out about $7,000 more to finish up the last of this Associates Degree. So I figure I'll be $12,000 in debt when I have my Associates.

But if I go right back to school, I can continue to defer the payments. Like I said before, I can probably get promoted within Walgreens and make $33,280 a year. Otherwise, my goal is to make $20.00 an hour elsewhere.

With $13,000 down on a house, I'd continue to put 25% into the stock purchase plan and save $8,320 a year on that virtue alone. I imagine I probably will have financed a car by then, too.

My God.

 

[cstu]

If I continue at Baker College, most of the credits should transfer. As far as other Universities, I'm not sure. The biggest hiccup is that I'm getting my Associates in Accounting and am going for my Bachelors in Business Administration.

 

[jon_mx]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

$17,250 - 3,000 = $14,250

Now, let's calculate my monthly expenses:

$200 Food

$70 Gas

$50 Phone Bill

$50 Insurance

$370 x 12 months = $4,440 for yearly living expenses. Let's add a $1,000 cushion for unforeseen events, $5,440.

$14,250 - $5,440 = $8,810 Remaining

Now, let's allocate some funds for new clothes, entertainment, fantasy football, gambling and place that number at about $1,500 (probably on overestimate but hey, #### it).

$8,810 - 1,500 = $7,310 Remaining

Ideally, I will have around:

$6,350 in stock

$7,310 in the bank by the end of the year.

Obviously I didn't account for taxes, so let's give myself a 10 - 15% downwards leeway on that estimate. But I would be very happy to have a NET WORTH of around $13,000 by the end of the year.

$13,000 = 20% of a $65,000 House

-

My only gripe with working more than 40 hours a week is the fact that I'm also going to school full-time and barely have enough time for socializing, doing homework, and working out as it is. I take online courses, so I go to school all-year round, no breaks.

Classes run 6-weeks.

Are you not paying for college out of that money? Do you have any college debt? If so your net worth isn't 13k.Still, you're living at home, young and single. You should be stacking tons of cash. 13k won't even buy you a low end Kia.

Not planning on it. I've got about $5,000 in student loans and am probably going to need to take out about $7,000 more to finish up the last of this Associates Degree. So I figure I'll be $12,000 in debt when I have my Associates.

But if I go right back to school, I can continue to defer the payments. Like I said before, I can probably get promoted within Walgreens and make $33,280 a year. Otherwise, my goal is to make $20.00 an hour elsewhere.

With $13,000 down on a house, I'd continue to put 25% into the stock purchase plan and save $8,320 a year on that virtue alone. I imagine I probably will have financed a car by then, too.

My God.

The average salary for someone with that degree is about the same as he could make at Walgreens. Not seeing his time and investment paying off.

 

[TheIronSheik]

Have you thought about becoming a financial adviser?

 

[tonydead]

Cars need more than gas btw.

 

[UniAlias]

FWIW I work at a financial institution and our entry level positions for an accountant require a bachelors degree and start off in the $40k range.

I don't think strolling your way to $20/hr job with zero real life accounting experience will be quite as easy as you're envisioning it being.

 

[Premier]

Man you really need to be working more than 40 hours a week right now. That can't be stated enough.

Think so? I wouldn't even know where to apply. Here's my situation as-is:

I make $23,000 a year. 25% of that goes to Walgreens stock at a 10% discount.

$5,750 STOCK + 10% = $6,350

That leaves about $17,250 leftover. I've got about $2,500 in Credit Card debt that needs to be paid off. So Accounting for the worst-case-scenario that I get gouged with about $500 more in interest before it gets paid off let's say that costs about $3,000.

$17,250 - 3,000 = $14,250

Now, let's calculate my monthly expenses:

$200 Food

$70 Gas

$50 Phone Bill

$50 Insurance

$370 x 12 months = $4,440 for yearly living expenses. Let's add a $1,000 cushion for unforeseen events, $5,440.

$14,250 - $5,440 = $8,810 Remaining

Now, let's allocate some funds for new clothes, entertainment, fantasy football, gambling and place that number at about $1,500 (probably on overestimate but hey, #### it).

$8,810 - 1,500 = $7,310 Remaining

Ideally, I will have around:

$6,350 in stock

$7,310 in the bank by the end of the year.

Obviously I didn't account for taxes, so let's give myself a 10 - 15% downwards leeway on that estimate. But I would be very happy to have a NET WORTH of around $13,000 by the end of the year.

$13,000 = 20% of a $65,000 House

-

My only gripe with working more than 40 hours a week is the fact that I'm also going to school full-time and barely have enough time for socializing, doing homework, and working out as it is. I take online courses, so I go to school all-year round, no breaks.

Classes run 6-weeks.

Are you not paying for college out of that money? Do you have any college debt? If so your net worth isn't 13k.Still, you're living at home, young and single. You should be stacking tons of cash. 13k won't even buy you a low end Kia.

Not planning on it. I've got about $5,000 in student loans and am probably going to need to take out about $7,000 more to finish up the last of this Associates Degree. So I figure I'll be $12,000 in debt when I have my Associates.

But if I go right back to school, I can continue to defer the payments. Like I said before, I can probably get promoted within Walgreens and make $33,280 a year. Otherwise, my goal is to make $20.00 an hour elsewhere.

With $13,000 down on a house, I'd continue to put 25% into the stock purchase plan and save $8,320 a year on that virtue alone. I imagine I probably will have financed a car by then, too.

My God.

The average salary for someone with that degree is about the same as he could make at Walgreens. Not seeing his time and investment paying off.

The house thing is literally unbelievable to me.

 

[Sarnoff]

Em, you still attending that creationism-only Olivet Nazerene University?

 

[Eminence]

JANUARY 27TH, CLOSING

MARKET VALUE OF PORTFOLIO: $725.25

PRICE PAID: $662.03

CHANGE SINCE PURCHASE: $64.60 (9.76%)

LOSSES ON THE YEAR: ($16.97)

NET: $47.63 (6.9%)

PORTFOLIO

WALGREENS (+$0.17, 0.3%)

HEMP (+0.014, 24.6%)

-

TRANSACTIONS:

SOLD - 8 SHARES OF ONVO FOR A LOSS OF $1.07 PER SHARE + $7.95 TRANSACTION FEE.

($9.02)

PURCHASED - 880 SHARES OF HEMP @ $.064 PER SHARE + 7.95 TRANSACTION FEE.

-

NOTES:

ONVO opened up down $0.30 so I sold immediately.

HEMP jumped up by 24.6%. Was very happy to see that, I wish I had more invested. I can definitely see this stock continuing to rise and plan on steadily increasing my stake in the company. I paid $107 for the stock. I would be hard-pressed NOT to sell it if I could make $60 - 80 off of it.

Walgreens went up by $0.17 but I'm not very concerned with that.

GRNH (GreenGro Technology) also went up 28.55% today, it's a stock I've been watching that also comes pretty cheap. If this trend continues, I think I'm going to continue to load up on HEMP stock and maybe dabble in this stock a little.

WWE stock continues to increase in value for whatever reason. I don't understand it but am most certainly going to avoid it.

DDD, FB, and TWTR continue to take a dump and are returning back to earth. FB and TWTR's value seem to correlate side-by-side and so do DDD and ONVO. If any of these stocks begin to rebound, I would consider investing into the sister stocks.

 

[fantasycurse42]

Buying a house

You missed that, too? Man, I feel like you've missed so much. He's looking to put something like 2% down on a $70,000 house that he's then going to rent out to people while living in a different state.

I like the shtick

 

[Sarnoff]

$13,000 = 20% of a $65,000 House

-

Are you not paying for college out of that money? Do you have any college debt? If so your net worth isn't 13k.Still, you're living at home, young and single. You should be stacking tons of cash. 13k won't even buy you a low end Kia.

Not planning on it. I've got about $5,000 in student loans and am probably going to need to take out about $7,000 more to finish up the last of this Associates Degree. So I figure I'll be $12,000 in debt when I have my Associates.

But if I go right back to school, I can continue to defer the payments. Like I said before, I can probably get promoted within Walgreens and make $33,280 a year. Otherwise, my goal is to make $20.00 an hour elsewhere.

With $13,000 down on a house, I'd continue to put 25% into the stock purchase plan and save $8,320 a year on that virtue alone. I imagine I probably will have financed a car by then, too.

My God.

The average salary for someone with that degree is about the same as he could make at Walgreens. Not seeing his time and investment paying off.

The house thing is literally unbelievable to me.

What kind of house does one get where for $65K?

Asking for a friend.

 

[Controller]

WTF is an Associates in Accounting? And who recognizes that enough to pay decent intern-type money?

Don't know if this is a serious question, but assuming it is, I have the answer (at least here in California) since I have an Associates Degree in Accounting (as well as a Bachelor's):

To get my AA degree in Accounting I had to take:

The usual General Education classes (English, History, Speech, Psychology, etc.)

Accounting 1A or 101 (Basically learning debits, credits and profit & loss statements)

Accounting 1B or 102 (Basically learning a little Accounting theory and Balance Sheets)

A couple of Management classes

Statistics or Trigonometry (many students have to take a bunch of pre-requisite math classes to take Statistics e.g. Pre-algebra, Algebra, etc.)

Economics 1A & 1B (One is macroeconomics the other is microeconomics)

Income Tax class (for individuals & maybe for a very small business)

A full-time student should be able to knock this out in 2 years.

Where did you work when you had your Associates in Accounting? How much did you make per hour (if you don't mind me asking, of course)?

I did things backwards. I had worked in various Accounting positions for many years before I decided to go back to school and get my AA & BS degrees. By the time I got my AA, I had worked about 4 years in Accounts Payable, 3 years in Accounts Receivable, and a couple of years as an Assistant Controller for several small businesses. After that, I worked my way up to the Controller level (hence my screen name) even though I had no degrees. Every time I applied for an opening I was up against a lot of people with at least Bachelor's degrees, and sometimes MBA's & CPA's. So many doors were not open to me without the degrees that I went back & took night classes for years before I finally got my degrees. Last year, I received my CPA license. My advice is simple: don't do it like I did - stay in school and get your degree while you are young & not yet supporting a family. The road I took was not easy and not recommended. However, I do know that the years will go by whether you worked towards your degrees or not, so you might as well do it.

 

[tonydead]

If you want to make money start by saving money.

Eat mom's food.

Don't move out or try to buy a house.

Exchange car for bus pass and bicycle.

Don't gamble or play fantasy football.

Work a second job. Mow lawns or shovel snow.

 

[fantasycurse42]

$13,000 = 20% of a $65,000 House

-

Are you not paying for college out of that money? Do you have any college debt? If so your net worth isn't 13k.Still, you're living at home, young and single. You should be stacking tons of cash. 13k won't even buy you a low end Kia.

Not planning on it. I've got about $5,000 in student loans and am probably going to need to take out about $7,000 more to finish up the last of this Associates Degree. So I figure I'll be $12,000 in debt when I have my Associates.

But if I go right back to school, I can continue to defer the payments. Like I said before, I can probably get promoted within Walgreens and make $33,280 a year. Otherwise, my goal is to make $20.00 an hour elsewhere.

With $13,000 down on a house, I'd continue to put 25% into the stock purchase plan and save $8,320 a year on that virtue alone. I imagine I probably will have financed a car by then, too.

My God.

The average salary for someone with that degree is about the same as he could make at Walgreens. Not seeing his time and investment paying off.

The house thing is literally unbelievable to me.

What kind of house does one get where for $65K?

Asking for a friend.

Detroit, you actually get 130 houses for that

 

[jon_mx]

$13,000 = 20% of a $65,000 House

-

Are you not paying for college out of that money? Do you have any college debt? If so your net worth isn't 13k.Still, you're living at home, young and single. You should be stacking tons of cash. 13k won't even buy you a low end Kia.

Not planning on it. I've got about $5,000 in student loans and am probably going to need to take out about $7,000 more to finish up the last of this Associates Degree. So I figure I'll be $12,000 in debt when I have my Associates.

But if I go right back to school, I can continue to defer the payments. Like I said before, I can probably get promoted within Walgreens and make $33,280 a year. Otherwise, my goal is to make $20.00 an hour elsewhere.

With $13,000 down on a house, I'd continue to put 25% into the stock purchase plan and save $8,320 a year on that virtue alone. I imagine I probably will have financed a car by then, too.

My God.

The average salary for someone with that degree is about the same as he could make at Walgreens. Not seeing his time and investment paying off.

The house thing is literally unbelievable to me.

What kind of house does one get where for $65K?

Asking for a friend.

I think he lives in Flint Michigan, so pretty much any house

 

[Dr Oadi]

Wait, you literally bought $35 worth of stock?!? WTF.

Yeah, in hindsight I now realize how dumb it was. The stock had gone up 20% yet I still haven't broke even if i trade it

Are you concerned that you didn't make any money today? You didn't lose any either but are you concerned at all?

I worked an 8-hour shift so I earned $90 today. No concerns here, creating currency.

$90 after working 8 hours?!

If you want to get rich, you need to find a better job or career. You need to go back to school. For example you should learn a trade such as welding or get your nursing degree.

Yeah, we're talking about chump change here regardless of the % increase. Eminence should be investing time into improving his earning potential, not wasting time on these message boards.

$90 after 8 hours. That's minimum wage.

No minimum wage is $58 after 8 hours.