How are you affording this?

[LC18]

You're the one who mentioned that they get a part time job just for the sake of paying for this hobby. So it will probably make sense to move to another country where they can just live off their savings and pay for this hobby without having to get another job. A lot of Canadians retire in Mexico because of the climate. I can ask the same question "Why would they move away from their family and friends just to get better climate?"
For some people better climate is important to reture, for some other people access to sex and companionship.

I don’t want to derail this thread even more but be for real. Are you comparing climate to sex?

It makes total sense for people to move to a different place for a softer weather. Moving to a different country solely for sex is very sad in my opinion.


They get a part time job, work 2 days a week and have fun money without needing to touch their retirement fund. They get to socialize with colleagues and get out of the house. They can still see their family and friends without needed them to travel down to Mexico.

Now back to the initial subject.

 

[Fiona]

Same way they pay for therapists , gym memberships . Golf memberships . Trips to Vegas, Disposable money , if you don’t have it you should be very careful .

 

[freakydeaky1]

I have a very comfortable life, but this is my only real extravagance.

For me it’s always been about living within my means, saving what I can, and knowing the difference between needs and wants. I’ve just always been this way and now I’m reaping the benefits.

I live a very modest lifestyle, no expensive tastes in food or luxury goods, dine out / order food rarely, don’t use any recreational drugs and quit drinking years ago. I enjoy times with friends and have other interests but none are expensive. It always shocks me when I hear what some guys spend money on.

A friend who always complains about the cost of living bought a new high end Polaris sled this winter, even though he’s already got a perfectly good machine. When he told me how much it cost my immediate reaction was to calculate how many girls I could be seeing for that amount of cash. I guarantee I’d get more pleasure, but I can’t show it off to my friends and neighbours.

We all have to decide on our priorities.

Why do you need this in west coast climate ?

have you seen the price of lift tickets nowadays - ridonculous....

 

[johnywalker87]

. Every internet search in the early days got you 100 porn sites before the real result you were looking for 😂

Do you remember AltaVista search engine in the late 90's ? There was no such thing as Google at that time

 

[freakydeaky1]

Do you remember AltaVista search engine in the late 90's ? There was no such thing as Google at that time

Oh yeah, I was on computers from the late 80s and went into computer animation as a result, so was on the front lines for the early internet years on SGI/ UNIX. Shit was bonkers for a while there. Y2K lol !

Trynna bring it back around to the original topic - strong work ethics and wise financial planning has taken a back seat to the “become an influencer” and/or cryptocurrency get rich quick schemes.

 

[bombs]

I don't spend money on stupid shit.

 

[freakydeaky1]

I don't spend money on stupid shit.

I wonder if the young studs pulling girls out of the bar every other night or getting tinder hookups might not consider this hobby “stupid shit” - I know if I was I might have that sentiment.

But I feel you, figure out your priorities and spend wisely…

I’m sure most providers are grateful for our business but wonder if deep down they low key think we are are fools… 🤷‍♂️

 

[Equity Market investor]

After taking Finance ( Business admin ) courses way back, I started investing 25+ years ago. Stocks, real estate ( had a town home rental ) etfs etc....learned to buy, hold, profit take and sell when needed. Fast forward now in my late 50's. No debt, and I've accumulated a decent amount for myself. There's no concern in my bubble at this satge of the game.

Now, I've had plenty of lady relationships along the way including " live in " ones too, but, I wasn't fortunate to be married and have kids during my journey. So, since that wasn't in the cards for me. Investing was my hobby and avenue up until now.

With that said, I never take money over people, but, this is where I now stand in my life. It would be nice to share things with someone but, like they say--- it is what it is. It's been quite a while since I've participated in this activity now. I need to be " re-trained " here in the sex dept, per say

PS - I have zero bad habits too, btw. Well grounded.

 

[GeeBeeP]

Why do you need this in west coast climate ?

I’m on the prairies my friend. Flat, cold and snowy. But I prefer my excitement to happen indoors

 

[vanperb]

They should be teaching us this in school instead of some useless bs.

THIS.
This is something that as far as I am concerned should be mandatory in every kids schooling. How to balance a cheque book. Fundamentals of day to day expensing, savings, basic investing and so on.
Sure there are those who are scraping by so hand to mouth is their norm, and some parents never got the memo so don't teach their kids how to eat for a starter let alone manage money. But at least give the kids a chance somewhere along the way on how to manage money.

But it was and is in BC high schools. I can vouch for the time from late 80's onwards, and my nephews for the current year. It was mandatory to take a personal finance class that explained what RRSP's, savings accounts, tax forms, credit cards, interest rates, mortgages, wills, legal liability, etc,. There was even a class after it for people who wanted to start their own business. Beyond the legal and financial stuff, there were courses in home economics that taught household budgeting, price comparisons, nutritional management. Even how to sew a button. If people paid attention in class, or skipped them altogether is another question.

Side note, I think it's been about a decade since I wrote a cheque. Not even sure where my cheque book is...

 

[vanperb]

have you seen the price of lift tickets nowadays - ridonculous....

I've always thought of skiing as a bougie sport. It's quickly becoming elitist.

 

[freakydeaky1]

perhaps we could create a "sound financial tips" forum / thread for the young folks on here who desire some advice.
i suppose it could be disastrous so would need some serious forewarnings and liability precautions around risk/reward vs expendable income.
i bet i will be notified shortly why its a terrible idea, by the MODS or others... just thinking out loud and wanting to give back to the young gents in this hobby much earlier than i ever considered taking it up.

 

[Equity Market investor]

I wouldn't advise this tbh. There's plenty of information online ( Google and you-tube) . Watch financial market channels, research online for your needs or simply go see a financial advisor at your bank, or brokerage firm. If one is serious.... the answers are available everywhere. I took courses and then went through a few financial advisors until I found one that I related with. I still do plenty on my own.

perhaps we could create a "sound financial tips" forum / thread for the young folks on here who desire some advice.
i suppose it could be disastrous so would need some serious forewarnings and liability precautions around risk/reward vs expendable income.
i bet i will be notified shortly why its a terrible idea, but the MODS or others... just thinking out loud and wanting to give back to the young gents in this hobby much earlier than i ever considered taking it up.

 

[vanperb]

perhaps we could create a "sound financial tips" forum / thread for the young folks on here who desire some advice.
i suppose it could be disastrous so would need some serious forewarnings and liability precautions around risk/reward vs expendable income.
i bet i will be notified shortly why its a terrible idea, but the MODS or others... just thinking out loud and wanting to give back to the young gents in this hobby much earlier than i ever considered taking it up.

YouTube has been recommending this channel called "financial audit" with this high pitched voiced host, where he rips into the financially irresponsible youth (under 30). As cringy as it is, it's eye opening how people spend their money, and good lessons if anyone actually pays attention.

 

[uncleg]

Cut back on dog food......

 

[freakydeaky1]

Cut back on dog food......

I actually cut down on human food and only eat 2 meals a day + protein shake after gym in the eve. 💪🏼

 

[freakydeaky1]

Ye

I wouldn't advise this tbh. There's plenty of information online ( Google and you-tube) . Watch financial market channels, research online for your needs or simply go see a financial advisor at your bank, or brokerage firm. If one is serious.... the answers are available everywhere. I took courses and then went through a few financial advisors until I found one that I related with. I still do plenty on my own.

yeah I figured … I don’t trust a doggone thing I see on the internet so that wouldn’t be for me, but how could someone trust a bloke on here who they don’t know at all either. Just make sure the link you click doesn’t say “sponsered” which means you have to go about half way down the page.

I think opening a bank account or retirement account and using their retirement planning services would be safest.

How does one freeze their credit in Canada? In the US I had to do it on Experion + TransUnion + Equifax, but being newish here I’ve not had the chance to do it, and actually have no idea how Canada does credit scoring etc. I guess I can do my own research but thought someone might save me the time….if so inclined ….

 

[westwoody]

I think us older dudes maybe got more of this kind of tough love financial education from our parents than current generations in their 20s and 30s

My dad was a uni professor in Scotland but lived in a shitty two room apartment with wife and kids. Shitty food, bathroom down the hall, one bath a week, nobody had a car. Postwar Britain was fucking horrible. I never wanted to go back to that.

 

[vanperb]

PS - I have zero bad habits too, btw. Well grounded.

Not reflection on you, but when I saw that my mind brought up a quote: "Clean living is less fun, and you wind up feeling stupid when you still die."

 

[vitaminD]

I think us older dudes maybe got more of this kind of tough love financial education from our parents than current generations in their 20s and 30s.

Maybe it was just cuz they weren’t wealthy but [insert crotchety old man grumbling voice “when I was your age…”] I had my first job at 12 picking blueberries on a farm I had to ride my bike 5 miles to at 6 am (I grew up in the sticks on the east coast US mind you) for 10 cents a pint just so I could get money to play video games at the local gas and go, and buy candy, but they made me earn every penny for whatever I wanted to buy, including first car, insurance, the whole nine yards. But I also couldn’t eat anything out of the cupboard without permission, so pretty strict upbringing. But making me learn to earn my own way and driving home the importance of working/earning/saving for things i wanted and really drilling into me the importance of paying my bills early, if not on time, was hugely beneficial later in that I had that good habit instilled in me.

I don’t think I even got a credit card until I was in my mid 20s because I didn’t want to spend money I didn’t have.

Being wise about spending was a result and smart + gradual investing came through osmosis once I started my career and overheard other colleagues talking about it, but having a 401K plan thru my employer was a shove in the right direction.

I don’t know how impactful schooling will be regarding financial security and planning when there aren’t real consequences to your inability to follow some basic guidelines, but I’m sure the better students would benefit.

Times are different now, cell phones weren’t widespread until I was in my late 20s and the internet wasn’t it is today, and there was no such thing as a cell phone. Every internet search in the early days got you 100 porn sites before the real result you were looking for 😂

Social media culture and instagram / you tube influence mentality has kids thinking in strange ways - and I think a lot parents provide a lot more financial support under the guise of mental health + wellness for their children and so they never have to figure it out until very late in life (coming from a divorcee with no kids who is just speculating here based on what I see with my brother and his kids).

My mom also had me prepping dinner after school while she was at work and doing ironing and laundry and shit like that, so that wasn’t fun, but I can take good care of myself now. I remember this one kid in high school (only child) who had the complete opposite treatment from his mom and I was shocked at how incompetent he was about what I assumed all kids knew how to do, basic stuff. But he was waaaay better at soccer than me…..so a fair trade i suppose for him.

So out of touch with reality.
whatever makes you feel better about yourself bud.