The Green Industry's Resource Center

bohiaa · #1 08-07-2012, 08:30 PM

Hello All:

as a few of you may know, I come here from time to time and raise some interseting Q's. " I hope I help a few too "

OK guys, here's the DEAL.....

some of you may be young, some may be old. BUT, BUT, BUT,,,

Lets start a RETIREMENT FUND............

Right now the ROTH IRA, is the hotest thing going.

Yea, yea,, yea,,, I KNOW....

BUT gentelmen, who wants a million dollars ? " WELL DUHHHHH "

Guess what? you CAN HAVE IT!!!!!!

If you dont know what a ROTH IRA IS. LEARN IT QUICKLY...
and lets start investing tordwrds retirement.
while it's summer time your making GOOD money. and your spending good money....

HERE'S a CHALENGE,,,,,,,,,,

you guys, put back 200.00 a month. durring the summer months while your making GREAT MONEY.....

Ok how many months can you do this ?????

Well I can do it for 7. OK 7 X 2 = 14 now add the zeros back in 1400

only 1400.00 RIGHT ?????
WRONG..... depending on how you do your taxes. and how much you make. " ANd hide "

this is 2800.00 and YES. ITS a YEAR.
ok NOW, 2800.00 PER YEAR. X 10 years = 280,000.00

OK NOW, you tell me, BUT I'm only 30 years old, I have Pleantly of time...
RIGHT you do...

SO start putting it in a IRA....

if your 30, you can retire with Millions.

JUST DO IT

Ijustwantausername · #2 08-07-2012, 08:52 PM

Quote:

Originally Posted by bohiaa

Hello All:

as a few of you may know, I come here from time to time and raise some interseting Q's. " I hope I help a few too "

OK guys, here's the DEAL.....

some of you may be young, some may be old. BUT, BUT, BUT,,,

Lets start a RETIREMENT FUND............

Right now the ROTH IRA, is the hotest thing going.

Yea, yea,, yea,,, I KNOW....

BUT gentelmen, who wants a million dollars ? " WELL DUHHHHH "

Guess what? you CAN HAVE IT!!!!!!

If you dont know what a ROTH IRA IS. LEARN IT QUICKLY...
and lets start investing tordwrds retirement.
while it's summer time your making GOOD money. and your spending good money....

HERE'S a CHALENGE,,,,,,,,,,

you guys, put back 200.00 a month. durring the summer months while your making GREAT MONEY.....

Ok how many months can you do this ?????

Well I can do it for 7. OK 7 X 2 = 14 now add the zeros back in 1400

only 1400.00 RIGHT ?????
WRONG..... depending on how you do your taxes. and how much you make. " ANd hide "

this is 2800.00 and YES. ITS a YEAR.
ok NOW, 2800.00 PER YEAR. X 10 years = 280,000.00

OK NOW, you tell me, BUT I'm only 30 years old, I have Pleantly of time...
RIGHT you do...

SO start putting it in a IRA....

if your 30, you can retire with Millions.

JUST DO IT

2800*10 years is clearly not $280,000.

Jimslawncareservice · #3 08-07-2012, 09:22 PM

Quote:

Originally Posted by bohiaa

Hello All:

as a few of you may know, I come here from time to time and raise some interseting Q's. " I hope I help a few too

OK guys, here's the DEAL.....

some of you may be young, some may be old. BUT, BUT, BUT,,,

Lets start a RETIREMENT FUND............

Right now the ROTH IRA, is the hotest thing going.

Yea, yea,, yea,,, I KNOW....

BUT gentelmen, who wants a million dollars ? " WELL DUHHHHH "

Guess what? you CAN HAVE IT!!!!!!

If you dont know what a ROTH IRA IS. LEARN IT QUICKLY...
and lets start investing tordwrds retirement.
while it's summer time your making GOOD money. and your spending good money....

HERE'S a CHALENGE,,,,,,,,,,

you guys, put back 200.00 a month. durring the summer months while your making GREAT MONEY.....

Ok how many months can you do this ?????

Well I can do it for 7. OK 7 X 2 = 14 now add the zeros back in 1400

only 1400.00 RIGHT ?????
WRONG..... depending on how you do your taxes. and how much you make. " ANd hide "

this is 2800.00 and YES. ITS a YEAR.
ok NOW, 2800.00 PER YEAR. X 10 years = 280,000.00

OK NOW, you tell me, BUT I'm only 30 years old, I have Pleantly of time...
RIGHT you do...

SO start putting it in a IRA....

if your 30, you can retire with Millions.

JUST DO IT

Ok. Please explain how 10x2800=280,000.
Posted via Mobile Device

Patriot Services · #4 08-07-2012, 09:34 PM

Math is a little fuzzy, but compounding interest on investments does have an exponetial effect. I joined the military at 17. My father only agreed to sign for me if I took 50% of my pay and put it in a then new mutual fund. I betched the whole time until I realized how fast the money added up and how I realized I really didn't need cash burning a hole in my pocket. I stuck to that plan for all 20 years. I am not going to work until I die or eat cat food at a boarding house. Its never too late to start investing for your future. Anything you can put away today means security tomorrow. Final note, learn how to manage your own investments. Brokers get paid whether you make or lose money.
Posted via Mobile Device

StanWilhite · #5 08-07-2012, 11:18 PM

Quote:

Originally Posted by Ijustwantausername

2800*10 years is clearly not $280,000.

Just goes to show why you shouldn't take landscaping advice from a financial planner, or......well.....you know.

Just funnin'!

herler · #6 08-07-2012, 11:33 PM

Obviously you have to be creative to get to the millions but other than that it's feasible.

bln · #7 08-07-2012, 11:40 PM

I started my ira when i was 14. Don't do those c.d.'s. Please talk to a financial advisor and get put in the right programs.
Posted via Mobile Device

White Gardens · #8 08-07-2012, 11:40 PM

What's Invertment?

Seriously though, I'm on the Dave Ramsey Plan and am hoping to see some results in the next couple of years.

....

grassmasterswilson · #9 08-08-2012, 06:53 AM

roth ira is a no brainer. If you are in this business you better be considering retirement and what happens if you can't go.

Another idea is a simple business savings account. Most banks will even let you create one online. Save a little each month 50, 100 etc and put it away for a rainy day. I consider it my equipment purchase/wife wants a trip fund. I did this so that when I had to go out an spend 10k on a mower it didn't affect whether I could make payroll.

bohiaa · #10 08-08-2012, 11:33 AM

Gentelmen:

I know this sounds CRAZY. the reason the numbers are the way they are. is becasue it will GROW..... it's called rolling the blue chip back into the fund, STOCK, or MF.

it's hard to teach retirement. to people, the numbers are correct. thankfully there have been a few post from people who DO know how it works.

AND YES your RIGHT BLN. Cd's are NOT paying much anymore, BUT REMEMEBR. the higher the risk, the higher the investment. at 14 there is NO way you should be in a CD.
also dont do something stupid like go to a BANK ti get a CD.

And STAN. yes IT's difficult to understand. But the numbers are correct. you simply have to sit down and do math. it's VERY SIMPLE when you know how to do it.

and NO getting 20% is NOT difficult.
I know it easy to make fun of things you dont understand. But when you come here and post things LIKE, wht do you do to make it durring the winter.
that to me is a STUPID post.

hopefully you will take some time and learn who money works. and more importantly WHY it works this way......

PATROIT Knows, becasue someone forced him into it.
IT's SO amazing waht a little knowlege will do for ya. and security.

I have MUCH difficulty understanding why people are failing in this business, or they sont have NEW trucks, equipment. it's too easy.......

But I take it that your balance sheet is in poor shape.

Best of luck