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Mauler5150

Bucketlist Thread - MOTIVATIONAL!!!

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Since I am aware that this world is getting ever more fucked up from the one I became acquainted with as a child of the 80s, whereby you could walk the streets at night without fear of getting molested by a pedophile, whereby you had the freedom to live a life without being able to be contacted 24/7, where porn was hard to get a hold of and if you did you valued it like it was the ark of the covenant, I have decided to make this thread whereby you detail some items on your bucket list that you have a strong desire to tick off before you die.

 

Add anything that is a must have on your life journey that is personal to you, whether it be a possession, an experience, a relationship, whatever. I am curious to hear what you all want in life and hopefully in time this thread can serve as a bookmark whereby you can eventually come back to and cross off items you detail here as you reach whatever goal it is that you have in mind.

 

I will add mine once I think of something that will be hard to achieve, yet is possible, so someone else can start off.

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Pretty sure the world is a much safer place than it was in the 80s man. Cool thread idea though

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1 hour ago, Kults said:

Pretty sure the world is a much safer place than it was in the 80s man. Cool thread idea though

@Mauler5150world hasn't gotten worse you just hear more about stuff. There were plenty paedos round in the 80's- every neighbourhood had the old guy to watch out for.

The news cycle is so fast that you're bombarded with 20 half stories instead of 10 stories

 

But I hear you on the being contactable thing

bucket list items: no particular order.

 1. walk a section of the earth that can be measured as a normal fraction like 1/16th as opposed to 1/28000th or whatever.

 think

Appalachian trail,

Pacific Crest trail,

Camino de Santiago

 

2.Italy train trip with the homies( 5 in particular) to paint wholecars. Two three namer full colours

3. beers with said homies on some sunny Mediterranean porch to watch our wholecars roll past.

 

4 Roadtrip across America

 

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I don't know about that raven, I am hoping that the robots overtake humanity as I have given up hope regarding the human race after seeing the garbage that pop culture now feeds to the masses who gobble up the bullshit without any concern for the actual quality of the content they are consuming. 

 

I want the robots to take over before the entire global economy collapses in a few years once the information regarding the founding framework (ie. government) is totally deemed untrustworthy and unnecessary due to the rising use of deep fakes eventually resulting in the general population seeing that they are totally unable to trust or believe in anything that is conveyed to them via the internet and old school media. 

 

Not sure why people think it is safer today than the 80s, unless you are referring to the safety of cars. While we live in a time whereby cameras are everywhere, I don't feel it is safer today due to the massive increase in drug fucked zombies which seem to be exponentially increasing in quantity as time goes on. This is also compounded by the rising discrepancy between the haves and have nots widening as well.

 

Anyway this got way off topic but I will add to my list

 

- To do the cost to coast USA road trip whereby I would look to catch up with a couple people from here

- to once again be in a position whereby I can travel to anywhere in the world whenever I choose to with no concern as to how it will affect my finances

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* Have over $1M in my checking acct.

* Own acreage with natural water and forest.

* Get any car I have to a drag strip and run a faster than 10s pass.

* Obtain a pilot's license.

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If you ever want over a mill in your transactional account you would need a shit tonne of other assets, as the return on your mill in cash is going to be nothing compared to other asset classes after taking into account the interest you get minus the inflation rate. You are better off having your money tied up in other assets like property (preferably commercial) or stocks and maintaining a much lower rate of liquid assets like cash. For me to have $1M in cash I would want to have at least $10 to $15M net assets with the mill in cash to cover the costs of paying the mortgages/interest payments on your other investments.

 

As you asked what I did before, I used to work in banking within Property Finance for customers who had a minimum debt of $20M, and none of them would have had more than $500K in the bank spread across various account types, as even once you get the threshold whereby you can finance that amount of debt at a required 35 to 40% equity ratio, most of the people's living expenses would come to no more than $100 to $150K per annum inclusive of travel and their own house mortgage repayments. The ones who spent more than this were usually the ones who would end up having to divest assets and go backwards even when the property market was subdued.

 

I am not too sure of the credit market in the USA, but if you were to buy residential property here in Australia you can get away with an 80/20 debt to equity ratio easily, so when you are getting to say 40 or 50% it means you are overdue to expand your portfolio. Trick is to use the bank's money to make money for yourself while keeping your living expenses in check. While some people aspire to own one property outright, it is a rather stupid ambition given that it is much more effective to continue to continually borrow using your equity to expand your asset pool (which also lowers your risk profile as well).

 

Not sure how useful this information will be to you, but given that you have a specific monetary goal of $1M the least I could do is lend you some advice from people who have shown me the most effective way to reach said goal. As with most things in life, it comes down to risk vs rewards.

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@Mauler5150- that is some valuable information.  I didn't really go into detail as to how I intended to get there, but it will be through property investment.  The house _I_ want to live in will be on land as I described though. 

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13 hours ago, Mauler5150 said:

If you ever want over a mill in your transactional account you would need a shit tonne of other assets, as the return on your mill in cash is going to be nothing compared to other asset classes after taking into account the interest you get minus the inflation rate. You are better off having your money tied up in other assets like property (preferably commercial) or stocks and maintaining a much lower rate of liquid assets like cash. For me to have $1M in cash I would want to have at least $10 to $15M net assets with the mill in cash to cover the costs of paying the mortgages/interest payments on your other investments.

 

As you asked what I did before, I used to work in banking within Property Finance for customers who had a minimum debt of $20M, and none of them would have had more than $500K in the bank spread across various account types, as even once you get the threshold whereby you can finance that amount of debt at a required 35 to 40% equity ratio, most of the people's living expenses would come to no more than $100 to $150K per annum inclusive of travel and their own house mortgage repayments. The ones who spent more than this were usually the ones who would end up having to divest assets and go backwards even when the property market was subdued.

 

I am not too sure of the credit market in the USA, but if you were to buy residential property here in Australia you can get away with an 80/20 debt to equity ratio easily, so when you are getting to say 40 or 50% it means you are overdue to expand your portfolio. Trick is to use the bank's money to make money for yourself while keeping your living expenses in check. While some people aspire to own one property outright, it is a rather stupid ambition given that it is much more effective to continue to continually borrow using your equity to expand your asset pool (which also lowers your risk profile as well).

 

Not sure how useful this information will be to you, but given that you have a specific monetary goal of $1M the least I could do is lend you some advice from people who have shown me the most effective way to reach said goal. As with most things in life, it comes down to risk vs rewards.

Wow man... Best post I've read in a minute. Had no freakin idea you were in that industry or had that sort of knowledge. I know we're in the process of derailing your thread, but I'd greatly appreciate if you'd be willing to help lead a conversation on this subject and lend a hand in increasing the financial IQ of those smart enough to join and and follow. Like @MercerI'm a huge believer in personal freedom and greatly feel that financial independence, particularly when derived from a revenue stream that you largely, if not fully control, is the foundation upon which personal freedom is built. Personally I see debt as cancer, from my own personal experience, but obviously the debt I'm referring to is an entirely different category. Anyhow, I just made tweaks to the forum to bring the Groups section into the spotlight and hope you might consider working with me to establish a conversation where we might be able to help each other better understand the subject of money and how it relates to each of us: economics, monetary system, personal wealth / debt, investments, emerging markets, etc... Again, also hoping I can wrangle @Mercerinto it as well.

 

If you're interested, please DM me and we'll map out a quick plan and get it going.

 

Likewise, for the other Oontzers out there, speak up if you're mostly lost on this subject and would appreciate having some of this translated into a language you can understand (and benefit from) from fellow 12oz members.

 

 

 

 

 

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Financial realities aren't that far off topic. After health, finances are the 2nd most important asset anyone has when trying to tackle a bucket list. The more I learn about life, the more I learn anything you want to do becomes exponentially more possible when you can afford to spend money accomplishing it, including tackling health, and other financial goals. I don't have a bucket list myself personally, I was so unhinged in my teens/20's I probably completed enough bucket list items back then to last a few lifetimes.

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1 hour ago, Mercer said:

Financial realities aren't that far off topic. After health, finances are the 2nd most important asset anyone has when trying to tackle a bucket list. The more I learn about life, the more I learn anything you want to do becomes exponentially more possible when you can afford to spend money accomplishing it, including tackling health, and other financial goals. I don't have a bucket list myself personally, I was so unhinged in my teens/20's I probably completed enough bucket list items back then to last a few lifetimes.

So that being said, and of course hopefully @Mauler5150will help as well, but my thought is that at one time 12oz was massive. As we all know we'd unleash the minions and crash sites. We had a ton of momentum, but perhaps not a lot of brains and foresight. One can imagine the power we could have yielded had we dedicated that towards pump and dump strategies in the early crypto days rather than whatever that stupid site was with the streaming video and the kid that cried about 12oz, as well as all the other websites we would mob.

 

At the very least, I think it would be wise for us to pool our brain trust... Help each other understand topics like personal finance / investment / economics and how that affects politics / freedom and every day life. Obviously the wealthy have a head start because they are in fact, wealthy. But more than that, their advantage is in that they are privy to education and knowledge that most are not. The internet makes it more accessible, but you can't seek answers to questions you don't even know enough about to ask. Likewise, one is able to learn a lot by teaching. Having to articulate a subject concisely and with enough clarity so that another can understand it, means having to fully understand and process that subject by the teacher as well. I think if we can all contribute to this "brain trust", we will all likely be much better off for it. Once we have a solid understanding of the game, we can move on to understanding the rules to the game and eventually how the rules can be exploited for personal gain. That's exactly how I see the rich getting richer and I don't fault them for that. I just think we might be able to come together and develop our own version of that inner circle to the benefit of those participating in it.

 

I think you guys would agree that there's a select few that have dropped enough about their real life experience / careers / education / knowledge that you can see how we might be able to pool some of that into something impactful. At the very least, we all learn some really interesting stuff, have some fun and maybe test some concepts / theories. But maybe we're on to something here and this becomes the start of something pretty profound. Had we done this 10 years ago, its very likely there'd be a number of us that could be millionaires from it right now. The world has changed significantly, but what has changed are all the opportunities stemming from the radical social and technological upheaval. Perhaps we can harness some of what we each bring to the table and assemble something greater than the sum of its parts. 

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The world is in a much better state than at almost all of the last 100+ years, but the direction it’s moving in now with the reemergence of nationalism, fascism, geopolitical rivalry, disruptive tech, climate change, etc., is not so great. 

 

 

 

My bucket list:

 

be be a good dad. 

 

.

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I am happy to help however I can. If anything you can learn from someone who has gone from the bottom to the top to the bottom again, but I guess I can tell you about things to avoid along the way. I miss dealing with the 1%er's but it is due to this experience that I have had difficulty in re-entering the market as I quit at the worst possible time (just as the property market and local economy  here was about to take a shit) and against the advice of my boss I elected to quit rather than take a career break (due to suffering a manic episode) which would have seen me retain my job for up to a year after I elected to leave. So yeah, I guess I can tell you good and bad things and what to avoid which may help some people here achieve their bucketlist items quicker than they potentially would otherwise.

 

I am not too sure of how the group function works, as I have historically only posted in CH. 0 as I am not really a graffer, I more so appreciate art and seemingly stumbled across this forum via Myspace back in the day and it seemed like this was the place for a degenerate like me.

 

As for emerging markets, I know a little from having been married to an Indian as well as having friends I studied with whose father's are high up in that industry based out of Hong Kong, but Property was my speciality and what I know best. For me to revise my knowledge for the sake of the forum is a good thing, as it reminds me of the days when I used to perform a job which left a indelible mark on society, having participated in the financing of skyscrapers, shopping centres  and entire residential suburbs.

 

Feel free to DM me with any quires you have @misterraven and if I can help you in any way I will do my best, time permitting.

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11 hours ago, Hua Guofang said:

The world is in a much better state than at almost all of the last 100+ years, but the direction it’s moving in now with the reemergence of *socialism*, nationalism, fascism, geopolitical rivalry, disruptive tech, climate change, etc., is not so great. 

 

 

 

My bucket list:

 

be be a good dad. 

 

.

Fixed, and quite honestly the best solution, and bucket list item thus far.

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Cool post this is turning into so far I think.  One advantage that I believe is unique to a graffiti forum discussing this topic is that people here are kinda prone to going against the grain or thinking outside of the box.  This is tremendously beneficial when you're trying to do anything above average or different from what every other person desires to achieve.  I grew up poor and have positioned myself in a way to not be.  I intend to persist in that upward trajectory because it just irks me when I see people that are complacent about where they've gotten to or what they're doing.  I was told a long time ago that when you think you're at the top you're one foot from being pushed off the edge.  I probably butchered that but it means that you must always work to achieve more or you risk losing what you have.

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Hard to talk about this kind of stuff without evoking strong negative emotional responses in the weak hearts of the broke ass haters inevitably lurking. One thing people like myself who came from nothing often overlook, is that people with capitol, rarely talk about said capitol, especially their own. On the flip side seeing others get ahead is what motivated me to start doing my own research, and I'm sure it helped everyone else in the struggle out there. I'm 100% down to discuss, learn, and adjust my own strategies based on any new information. Basically, this is very relative to my core interests at the moment.

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@Mauler5150 and @Mercer- Will put something together today and reach out to both of you soon after so we can build this out. Once we have the basics put together I’ll reach out to a few people with an invite. If anyone else reading this would like to be a part of it, drop a comment or DM me.

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On second thought, I figured out what's on my bucket list, it's retirement. Like one day i don't want to get up and go into work full time as an employee of a company, or even as an entrepreneur. I'd like to always remain busy, and living at a high standard of comfort in any situation, but I don't want to deal with bosses or my own clients/customers one day.

 

One thing that terrifies me is going into ghetto ass retirement homes where these helpless old people wait to die, get neglected, and abused on a daily basis. I hate seeing 70 - 80 year old grandmothers living in public housing out bumming cigarettes because they live on $20 a week. I hope to always be in my own comfortable home, in the best physical/emotional health and environment humanly possible. If I get to the point where I can't change my own diaper, I want to at least be in one of those fancy retirement homes where the food doesn't taste like shit and I won't get in too much trouble for calling the staff a "faggots", and explaining how back in my day we didn't have fancy low pressure cans that we bought with moms credit card.

 

So now that I know I want want, I figured out my next move. Started reading about FIRE (Financial Independence, Early Retirement) How to get there involves 3 simple steps.

 

1. Figuring out what my (our) minimum comfort levels are, and budgeting accordingly. Basically, my wife and I entered in all of our credit cards, bank accounts, and other financial data into accounting software (quicken), see's every credit/debt card purchase, ATM withdrawal, and gives a breakdown of our entire spending & income. Before doing this while in a lifelong partnership with someone else, I recommend being in a good place in your relationship, especially if you're both overspending like we were before doing this. The reality of how dumb you are with money can be a serious smack in the balls and cause some relationship strain at first.

 

Next, I just started giving up the shit I didn't even realize I was wasting money on. Spotify and Apple music got reduced to just Apple music. My wife had a dish network bill she still paid and we never watched TV. I gave up hulu, and a redundant netflix account that I forgot about since we're both using my wife's account etc. No more new sneakers and workout gear every couple of weeks, no new backpacks, and I gave up unnecessary electronic gadgets like drones, cameras, or anything found in an apple store. Every month I'd get my numbers down slowly, she'd get hers down slowly, and  we just started making better decisions.

 

Big move was  deciding to stop paying for takeout, delivery, or buying any prepared foods at all. We make 95% of our food at home from scratch now last I checked. What we grow ourselves now aside from being even more delicious, doesn't even show up on the budget now, our small herb garden alone saves us a couple hundred a year on fresh herbs. The reality is, we both always had plenty of time to prepare something 100% more healthy at home, and it really only requires planning ahed. My wife even started shopping at whole foods less last year, and we started hitting Costco once a week after figuring out our  food gameplan. If I'm being honest she gets almost all the credit for this, she runs the numbers, compares prices, and cooks like a master chef. This approcha alone improved our health, and ended up saving us an extra $500-$1200 a month. Just like that, we're saving up now, eating/living better, and we entered that realm just beyond living check to check almost instantly, which is a relief in itself.

 

Finding your minimum comfort level isn't about being cheap. We still spend on the stuff we care about, we're just figuring out exactly what that is now. We pay way too much for rent, but it's worth it to us because of the location, and the apartment itself. It has a 2 story window and a spiral staircase so I can feel like Mr Drummand every morning like different strokes, that's just not worth giving up right now.

 

I had a Range Rover I copped brand new, but got rid of it when the 3 year lease was up. Painful because I loved that whip, but it would have cost me roughly $890 a month to keep after the lease was up, not worth it when I'm struggling to save $10 here, $20 there. Ran numbers on a new, and then a used Honda CRV and just decided to go with no car. This makes my sworn oth to never ride the subway again much harder ( been over a year now) but again, for nearly a G a month to invest it's worth it.

 

Planning ahead, and budgeting is important. Being a slave to the chemical responses in your brain that reward you for leasing another range rover is stupid to me now. I've replaced that bullshit with  logic now, which facilitates step 2 investing, and finding your comfort level budget will also be the key to step 3. Experiment, even with the shit you think you need to buy, you might find you really don't need it, or it's at least less valuable to you than not greeting people at walmart when you're 73 years old to pay for your meds, or die a sad death regretting shit.

 

2. Investing whatever you save. A $1 bill doesn't buy shit today, but when I was a kid a dollar would almost buy a gallon of gas, or an entire pack of cigarettes. Now, you'd be lucky to get 2 cigarettes for a dollar, and gas has gone up almost 5 fold. Turns out saving a dollar if foolish, a dollar is worth less, and less the moment it makes it into your pocket, that's why investment is step 2 towards retiring.

 

Buy shit that goes up in value with your savings. Risky assets, sound assets , either is better than holding onto United States Dollars indefinitely. I started buying cryptocurrency, artwork, stocks, and looking at things like real estate, the bond market, securities, etc. Your investments make time your friend, instead of your enemy by offsetting the natural depreciating value of everything else you own, including your money.

 

3. Step 3 is simple, you should be able to figure out the day you'll pay off major debts like a mortgage, and figure out what your monthly/yearly comfortable budget level is. Now, you take that number, and look at how much investment will be needed to achieve that level of income without working. Like if you make $1000 in interest/returns every month on your 401k , and real estate investments, and your comfort level is $4000 a month you know you'll need to increase your 401k and real estate assets X 4 to earn this much "passive" income a month and retire. Look at how much you're saving a month/year, and what the compounding interest/income from your investments are and you'll have your retirement date, I want mine to be 55. 

 

I'm just trying to figure out a way to make it happen any way possible now, and changing my strategy so could use some help figuring out how to increase my income now that I have money to invest. Aside from this as my bucket list item, I want to go deeper into investment in the group@misteravenis putting together now. Should have some real estate questions for@Mauler5150

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Hop a train somewhere. Even if its just across the city. Most likely if i do ill ride it to the other side of the state or country even.

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I want to be either happy or at least content with my life. IE be able to buy most of what i want and everything i need, owning a car, having a house and steady girl, maybe even a kid..

Edited by Moe Szyslak

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On 6/3/2019 at 9:15 AM, Hua Guofang said:

 

My bucket list:

 

be be a good dad. 

 

.

@Hua Guofang 

 

are you expecting? if so congrats on that man!

If  you've already got a kid - you've kept way on DL!

 

 

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