DHP Financial post of the week: Can we dream ? [Archive]

imported_Gman

10-01-2003, 10:19 AM

You are totally debt free including the mortgage.

Your stock and real estate investments have done well and you are sitting pretty.

You have just come from the personnel office where you have told them that its been fun and you appreciate all the opportunities but you are so outta here.

What ya gonna do now with your life ? graemlins/grinyes.gif

Gotta run to a meeting but will be back with my response graemlins/bolt.gif

[ October 01, 2003, 02:05 PM: Message edited by: Gman ]

Jamie 3:26

10-01-2003, 10:20 AM

Whaaaat??I need some time to think on this one.Good pick G.Damn good pick.

richierich

10-01-2003, 10:24 AM

Go shopping in the Village...Go buy records...hit Shelter...hop in my Jag and head back UPTOWN to my crib and continue acting a fool..I don't think much would change with my lifestyle..I got champagne taste and Kool-aid money so I'll just keep living like Dudley Moore's character in the movie "Arthur"..like I do now...oh that's right damn I live in Chicago...ok I'll go to the Plaza!!

GROOVE VICTIM

10-01-2003, 10:26 AM

After all that hard work, I just want to "live".

Supine

10-01-2003, 10:32 AM

I kind of had this situation last year. Newly single with a house and a tired job. I hit ebookers.com and bought a one way flight to Thailand. Nice smile.gif

I'm now back, a year later, and poor. Working for a living again but wishing I was sitting on a beach or clubbing in asia.

No regrets though, it was great.

Supine

Leslie

10-01-2003, 10:40 AM

I would open up an accessories shop which would feature my custom made jewelry, but I would be closed during the month of February as I take that month to spend in either St. Martin or some other exotic locale where I have my second and third homes. :D

Ahh to dream...

mhd

10-01-2003, 10:41 AM

try to change the world

ruse

10-01-2003, 10:59 AM

Originally posted by Supine:
I kind of had this situation last year. Newly single with a house and a tired job. I hit ebookers.com and bought a one way flight to Thailand. Nice smile.gif

I'm now back, a year later, and poor. Working for a living again but wishing I was sitting on a beach or clubbing in asia.

No regrets though, it was great.

Supine This guy knows what life is about!!!

nev m

10-01-2003, 11:17 AM

Rainforest restoration programme in between doing what the hell we wanted!

JMJ

10-01-2003, 11:40 AM

Originally posted by mhd:
try to change the world Thank you, Miss District Of Columbia......JMJ biggrinangel.gif

C hristian

10-01-2003, 11:51 AM

change the world starting with my immediate community

jsd540

10-01-2003, 11:57 AM

A decent sized home with a view of a lake , river or ocean .

Enough health to go hiking, ride bike, play with my nieces and nephews.

Travel and do alot of charity work.

DeesKo

10-01-2003, 12:13 PM

Originally posted by Gman:

What ya gonna do now with your life ? Whatever comes to mind when I wake up in the morning.

Peace

lola desire

10-01-2003, 12:19 PM

not in any particular order:

yoga
travel
read
make babies

mhd

10-01-2003, 12:22 PM

Originally posted by JMJ:
<blockquote>quote:<hr />Originally posted by mhd:
try to change the world Thank you, Miss District Of Columbia......JMJ biggrinangel.gif [/QUOTE]what is a joke to you is a reality to me, i don't discount my power and my ability. there is an organization called doctors without borders, kinda self-explanatory, given the circumstances that g described i think soliciting corporations to give cash, supplies and transportation to support such an effort, particularly where aids has hit africa, could change the world

Wild i

10-01-2003, 12:27 PM

Originally posted by mhd:
try to change the world You mean, "Try to take over the world!" Pinky!. graemlins/remybussi.gif

Seriously, I would write and play video games.

C hristian

10-01-2003, 12:29 PM

what do we try to do every day?!?!?

take over the world!

you definitely know my diatribe.

julian_kelly

10-01-2003, 12:39 PM

What would I do?

Too much stuff to list...the list now is in the hundreds...nearing 1,000. Ive thought about this question in detail on every day of my life since 1996.

Mainly I will be a philantropist. My goal is to build wealth in order to give it away to those in need -- I will fund numerous social causes. I will build several massive, humongous brick and morter institutions that promote Christian education and helping others that are less fortunate.

Of course I will travel the world, help my friends and family enjoy life and buy tons of stuff, but my main objective is to give it all away and help others

julian kelly

[ October 01, 2003, 01:43 PM: Message edited by: julian_kelly ]

darrow

10-01-2003, 12:42 PM

Originally posted by Gman:
You are totally debt free including the mortgage.

Your stock and real estate investments have done well and you are sitting pretty.

You have just come from the personal office where you have told them that its been fun and you appreciate all the opportunities but you are so outta here.

What ya gonna do now with your life ? graemlins/grinyes.gif

Gotta run to a meeting but will be back with my response graemlins/bolt.gif * pinch myself so hard that I'd cry like a baby

* travel for a bit

* go buy some music

* go back to school to study Sociology and Psychology

* open a facility that focuses on low-cost counseling/therapy/mental health services for teen mothers/fathers, particularly inner city ones.

imported_Gman

10-01-2003, 01:18 PM

Originally posted by Gman:
You are totally debt free including the mortgage.

Your stock and real estate investments have done well and you are sitting pretty.

You have just come from the personnel office where you have told them that its been fun and you appreciate all the opportunities but you are so outta here.

What ya gonna do now with your life ? graemlins/grinyes.gif

Gotta run to a meeting but will be back with my response graemlins/bolt.gif 1) Run and play tennis everyday

2) Spend three months traveling to various Caribbean islands.

3) Start a "Bridging the Digital Divide" organization in my community to help African American families keep up on all this computer stuff. The organization would supply new computers and classes free of charge.

4) Open up a Art Gallery for Linda and other artists to display their work.

5) Start a business in personal financial planning

[ October 01, 2003, 02:20 PM: Message edited by: Gman ]

imported_Gman

10-01-2003, 01:22 PM

Originally posted by GROOVE VICTIM:
After all that hard work, I just want to "live". What do you mean by "live" ?

JMJ

10-01-2003, 01:59 PM

Originally posted by mhd:
<blockquote>quote:<hr />Originally posted by JMJ:
<blockquote>quote:<hr />Originally posted by mhd:
try to change the world Thank you, Miss District Of Columbia......JMJ biggrinangel.gif [/QUOTE]what is a joke to you is a reality to me, i don't discount my power and my ability. there is an organization called doctors without borders, kinda self-explanatory, given the circumstances that g described i think soliciting corporations to give cash, supplies and transportation to support such an effort, particularly where aids has hit africa, could change the world [/QUOTE]Sorry Mark. Impossible to interpret the context of a post. Didn't realize you were serious.....JMJ ;)

TAC

10-01-2003, 02:03 PM

Man, I would spend my time studing the tax code so that I could hold onto all that.

For instance, capital gains is taxed at 28% (different for not term vs short term, but I not sure what one the 28% applies to).

With no mortage, your not going to have any deductions to slap onto the back sheet of your 1040, expect property taxes.

Man ya'll better thing. its not about gettign the money, its about holding on to it.

After sitting pretty, the first thing I would do is see a tax/estate planner.

Only after you've figured out how to hold onto it, THEN do you go out and live off it.

Peace
TAC

mhd

10-01-2003, 02:06 PM

Originally posted by JMJ:
<blockquote>quote:<hr />Originally posted by mhd:
<blockquote>quote:<hr />Originally posted by JMJ:
<blockquote>quote:<hr />Originally posted by mhd:
try to change the world Thank you, Miss District Of Columbia......JMJ biggrinangel.gif [/QUOTE]what is a joke to you is a reality to me, i don't discount my power and my ability. there is an organization called doctors without borders, kinda self-explanatory, given the circumstances that g described i think soliciting corporations to give cash, supplies and transportation to support such an effort, particularly where aids has hit africa, could change the world [/QUOTE]Sorry Mark. Impossible to interpret the context of a post. Didn't realize you were serious.....JMJ ;) [/QUOTE]no problem, can't you tell i'm on my soapbox today

DLow

10-01-2003, 02:08 PM

Originally posted by TAC:
Man, I would spend my time studing the tax code so that I could hold onto all that.

For instance, capital gains is taxed at 28% (different for not term vs short term, but I not sure what one the 28% applies to).

With no mortage, your not going to have any deductions to slap onto the back sheet of your 1040, expect property taxes.

Man ya'll better thing. its not about gettign the money, its about holding on to it.

After sitting pretty, the first thing I would do is see a tax/estate planner.

Only after you've figured out how to hold onto it, THEN do you go out and live off it.

Peace
TAC After everything TAC said, RELAX and travel.

imported_Gman

10-01-2003, 02:30 PM

TAC

10-01-2003, 03:52 PM

Originally posted by Gman:
<blockquote>quote:<hr />Originally posted by TAC:
Man, I would spend my time studing the tax code so that I could hold onto all that.

For instance, capital gains is taxed at 28% (different for not term vs short term, but I not sure what one the 28% applies to).

With no mortage, your not going to have any deductions to slap onto the back sheet of your 1040, expect property taxes.

Man ya'll better thing. its not about gettign the money, its about holding on to it.

After sitting pretty, the first thing I would do is see a tax/estate planner.

Only after you've figured out how to hold onto it, THEN do you go out and live off it.

Peace
TAC Wise words thank you. Now lets assume you are on top of the tax codes and you know how to hold on to the wealth you have accumulated. Now what would you do next ? [/QUOTE]Move to a country where the burden of being black is lifted from my shoulders.

[ October 01, 2003, 08:17 PM: Message edited by: TAC ]

julian_kelly

10-01-2003, 04:30 PM

Start a part time business, incorporate and you can solve tons of tax problems. Then you can use pre-tax dollars instead of post-tax dollars and it will be easier to hold onto your money.

Personal income (read: income from a job) is ALWAYS taxed at the highest rate. In additoin, taxes from personal income are taken out FIRST and then you spend the remainder (less bang for your buck). If you incorporate you can spend your money first - which in turn lowers your taxalbe base and therefore your tax committment. In addition, incorporation give you more flexibility in terms handling capital gains; you can defer and sometimes eliminate.

The first thing an estate planner is going to do is stress the importance of incorporating, setting up a trust or two and recommend some insurance products. Depending on how much wealth you have and the state you live in, he may recommend a Nevada Corp and/or incorporating offshore.

Originally posted by TAC:
Man, I would spend my time studing the tax code so that I could hold onto all that.

For instance, capital gains is taxed at 28% (different for not term vs short term, but I not sure what one the 28% applies to).

With no mortage, your not going to have any deductions to slap onto the back sheet of your 1040, expect property taxes.

Man ya'll better thing. its not about gettign the money, its about holding on to it.

After sitting pretty, the first thing I would do is see a tax/estate planner.

Only after you've figured out how to hold onto it, THEN do you go out and live off it.

Peace
TAC

TAC

10-01-2003, 07:16 PM

sorry...

[ October 01, 2003, 08:17 PM: Message edited by: TAC ]

imported_Gman

10-01-2003, 07:19 PM

Originally posted by TAC:
sorry... You would move to a country where the burden of being black is lifted from your shoulders and then.... ? Come on man give me the dream.... :D

imported_Gman

10-01-2003, 07:24 PM

Originally posted by Gman:
<blockquote>quote:<hr />Originally posted by Gman:
You are totally debt free including the mortgage.

Your stock and real estate investments have done well and you are sitting pretty.

You have just come from the personnel office where you have told them that its been fun and you appreciate all the opportunities but you are so outta here.

What ya gonna do now with your life ? graemlins/grinyes.gif

Gotta run to a meeting but will be back with my response graemlins/bolt.gif 1) Run and play tennis everyday

2) Spend three months traveling to various Caribbean islands.

3) Start a "Bridging the Digital Divide" organization in my community to help African American families keep up on all this computer stuff. The organization would supply new computers and classes free of charge.

4) Open up a Art Gallery for Linda and other artists to display their work.

5) Start a business in personal financial planning [/QUOTE]Fishing.. Yes lots of fishing. I especially like to take kids fishing.

(Im)poster

10-01-2003, 07:32 PM

I would start a nationwide chain of beautiful, spacious in-city wellness spas that would have treatments by day and alcohol-free club dancing by night. Kind of like the beauty salon/restaurant in that movie BAPS. My vision could help change the world by providing the less fortunate a way to cope with the stress of having to go to work and worry about the bills.
graemlins/acclaim.gif

TAC

10-01-2003, 07:55 PM

Originally posted by Gman:
<blockquote>quote:<hr />Originally posted by TAC:
sorry... You would move to a country where the burden of being black is lifted from your shoulders and then.... ? Come on man give me the dream.... :D [/QUOTE]There is no dream man. The main thing I would be looking to do is disappear.

Perhaps, I would open a night club with a crazy sound system in it.

Erob the One

10-02-2003, 07:25 AM

I would definitely go back to teaching. I had a lot of fun and it was very fulfulling, but I wasn't making a lot of money. I would like to take a shot at designing jewelry too.

Erob

The Buddy Love Show

10-02-2003, 07:49 AM

Originally posted by JMJ:
<blockquote>quote:<hr />Originally posted by mhd:
try to change the world Thank you, Miss District Of Columbia......JMJ biggrinangel.gif [/QUOTE]bwahahahahahahaha

but on the real Mark is on point, I'd go back and get my law degree and then **** with the establishment until i was "mysteriously" killed

FIGHT THE POWER

The Buddy Love Show

10-02-2003, 07:52 AM

Originally posted by julian_kelly:
Start a part time business, incorporate and you can solve tons of tax problems. Then you can use pre-tax dollars instead of post-tax dollars and it will be easier to hold onto your money.

Personal income (read: income from a job) is ALWAYS taxed at the highest rate. In additoin, taxes from personal income are taken out FIRST and then you spend the remainder (less bang for your buck). If you incorporate you can spend your money first - which in turn lowers your taxalbe base and therefore your tax committment. In addition, incorporation give you more flexibility in terms handling capital gains; you can defer and sometimes eliminate.

The first thing an estate planner is going to do is stress the importance of incorporating, setting up a trust or two and recommend some insurance products. Depending on how much wealth you have and the state you live in, he may recommend a Nevada Corp and/or incorporating offshore.

<blockquote>quote:<hr />Originally posted by TAC:
Man, I would spend my time studing the tax code so that I could hold onto all that.

For instance, capital gains is taxed at 28% (different for not term vs short term, but I not sure what one the 28% applies to).

With no mortage, your not going to have any deductions to slap onto the back sheet of your 1040, expect property taxes.

Man ya'll better thing. its not about gettign the money, its about holding on to it.

After sitting pretty, the first thing I would do is see a tax/estate planner.

Only after you've figured out how to hold onto it, THEN do you go out and live off it.

Peace
TAC [/QUOTE]MOTHERFVCK, YOU ARE SO DAMN SMART

Julian Kelly is the EF Hutton of DHP

imported_Gman

10-02-2003, 09:22 AM

Originally posted by Erob the One:
I would definitely go back to teaching. I had a lot of fun and it was very fulfulling, but I wasn't making a lot of money. I would like to take a shot at designing jewelry too.

Erob Erob, if you went back to teaching and you didn't need the money you would get yourself fired for speaking out on so many issues that are going on with our children in the current public school system :D .

imported_Gman

10-02-2003, 09:25 AM

Originally posted by Leslie:
I would open up an accessories shop which would feature my custom made jewelry, but I would be closed during the month of February as I take that month to spend in either St. Martin or some other exotic locale where I have my second and third homes. :D

Ahh to dream... Leslie, Linda makes jewelry as well. Maybe you can sell some of her pieces in your shop.

-G

suenomartino

10-02-2003, 07:54 PM

Seriously though, how much "relaxing" and "holidaying" can you do before becoming totally bored?

Personally I'd be starting my own business. And it wouldn't be anything to do with music - you might as well be flushing your cash down the toilet...

imported_Gman

10-02-2003, 09:24 PM

Originally posted by suenomartino:
Seriously though, how much "relaxing" and "holidaying" can you do before becoming totally bored?

Personally I'd be starting my own business. And it wouldn't be anything to do with music - you might as well be flushing your cash down the toilet... I think in the end people have a basic need to contribute something meaningful to society. People need to be needed. I find it hard to believe as well that someone could just live a life of leisure.

-G

imported_Gman

10-03-2003, 07:07 AM

Speaking of dreaming, what about the military man who just won 55 million dollars in the lottery while on leave. Can you buy yourself out of the army ? :D

imported_Gman

10-03-2003, 07:14 AM