When I went into business in 1978, I went to the library to find books
on the subject. I found many. One in particular, was 101 ways to pay
less taxes. It had many ideas that the "common man" could use that
would end up with a lower tax bill at the end of the year. At first, I
pressed some into use, like the one where you pay your children a wage
for work done. Their jobs were to sweep the shop, wash the vehicles,
clean the bathrooms, etc. They were allowed to keep 20% of the money,
the rest was confiscated, and at first I banked it. Then, when the
business took off, the financial planner took the money, and made it
grow handsomely. They both ended up graduating from college, and having
money for post-graduate education, and some left over. No student
loans, just some from Mom and Dad for extras.

Point is, there is so much bellyaching and kvetching about the way the
"rich" pay less taxes, and the "poor" are too stupid or lazy to go check
out a free library book or books, or learn how they can avail themselves
of things available to every man. Now, most of them are spending that
time getting HIGHLY educated in the art of food stamps, free cheese, and
other free money items provided by the leftist liberal government, and
paid for by you know who.

Crap yes, the rich pay less taxes. Hellooooooooooooo. And if a lot of
poor people got rich tomorrow, they would not do as well in the handling
of their own money, as it is something that requires thought and
education. Rich people hire people to watch their money. Then they
hire another guy to watch the first one. Then they hire a third to
watch the other two.

All tax deductible, of course.

Steve

On 2013-12-31, SteveB wrote:
education. Rich people hire people to watch their money. Then they
hire another guy to watch the first one. Then they hire a third to
watch the other two.

I never, ever hire anyone to manage my money. I also never listen to
any financial advisors. They range from clueless to crooks, as far as
what I have seen. I am glad that you were more lucky.

i

On Tuesday, December 31, 2013 7:56:54 PM UTC-5, Ignoramus31990 wrote:

I never, ever hire anyone to manage my money. I also never listen to

any financial advisors. They range from clueless to crooks, as far as

what I have seen. I am glad that you were more lucky.



i

There must be some good financial advisors, but how do you know who is good and who wants to manage your money because he can not manage his own. So I am with you, iggy. It takes less effort to manage your own money , than to figure out who would do a good job of managing your money.

I do listen to financial advisors. But do not rely on them for what to do.

Dan

On Tue, 31 Dec 2013 16:17:14 -0700, SteveB wrote:


Crap yes, the rich pay less taxes. Hellooooooooooooo. And if a lot of
poor people got rich tomorrow, they would not do as well in the handling
of their own money, as it is something that requires thought and
education.

Ive got 3 financial idiots here (not counting the very weak wife.

One of them got $20 for Christmas and decided to get some summer
sausage. She went to QAlbertsons and bought a 1lb summer sausage fo
$9..even though she knew the same brand was $3.50 at Kmart.

When I brought it to her attention that should could have bought 2.5
sausages at Kmart..she looked at me with this glassy stare and said
she only needed 1, then walked off.

There are a significant number of the poor..who are simply unable to
establish the value of money or what can be bought with out 30 minutes
outside of the Want of the Moment. They are in fact..mentally ill
when it comes to money.




--
"Owning a sailboat is like marrying a nymphomaniac. You don’t want to do that
but it is great if your best friend does. That way you get all the benefits without any of the upkeep"

---
This email is free from viruses and malware because avast! Antivirus protection is active.
http://www.avast.com

On Tue, 31 Dec 2013 20:46:31 -0800, Gunner Asch
wrote:

On Tue, 31 Dec 2013 16:17:14 -0700, SteveB wrote:


Crap yes, the rich pay less taxes. Hellooooooooooooo. And if a lot of
poor people got rich tomorrow, they would not do as well in the handling
of their own money, as it is something that requires thought and
education.

Ive got 3 financial idiots here (not counting the very weak wife.

One of them got $20 for Christmas and decided to get some summer
sausage. She went to QAlbertsons and bought a 1lb summer sausage fo
$9..even though she knew the same brand was $3.50 at Kmart.

When I brought it to her attention that should could have bought 2.5
sausages at Kmart..she looked at me with this glassy stare and said
she only needed 1, then walked off.

Disown 'er. g


There are a significant number of the poor..who are simply unable to
establish the value of money or what can be bought with out 30 minutes
outside of the Want of the Moment. They are in fact..mentally ill
when it comes to money.

Ain't that the truth? The old lady who used ot live next door is out
in a moldy old travel trailer on the other side of town now. She
seems to go out of her way to shop at the most expensive grocery
stores, despite living on Social Security. She smokes 3+ packs of
cigs a day and feeds nothing but FancyFeast to her 1-7 cats daily.
I don't see how she can do that on SS, let alone buy gas, pay car
payments (2nd car from a rat rectum used car rapist who repoed her
last one after she qui paying for it the second time it blew an
engine), etc.

Others buy the smallest (least value) item at the store, despite the
fact that most stores give you the cost per ounce right there on the
price tag under the item. Go figure!

Financial sanity should be taught in schools.

Firearms safety and training should be taught in schools.

Contraception should be taught in schools.

Voluntary sterilization should be performed on welfare recipients if
they already have a child and still want/need welfare. Look how well
Roe v. Wade worked on the crime rate? (sorry, -this- conservative
believes in sterilization or abortion for the idiots.)

Driving courses should be taught to everyone going for a license.

But that's all common sense. Who'd want that?
thud

--
Stay centered by accepting whatever you are doing.
This is the ultimate. -- Chuang-tzu

On 12/31/2013 5:56 PM, Ignoramus31990 wrote:
On 2013-12-31, SteveB wrote:
education. Rich people hire people to watch their money. Then they
hire another guy to watch the first one. Then they hire a third to
watch the other two.

I never, ever hire anyone to manage my money. I also never listen to
any financial advisors. They range from clueless to crooks, as far as
what I have seen. I am glad that you were more lucky.

i

I should have clarified that. It all depends on the amount of money we
are talking about here. Most Average Joe's can do quite well with some
common sense and a little publicly available tutorage. If one were ever
to get into a Lotto situation, or happen on to some REAL money, that
would be when financial managers would be helpful.

Steve

Larry Jaques on Tue, 31 Dec 2013
22:40:47 -0800 typed in rec.crafts.metalworking the following:
There are a significant number of the poor..who are simply unable to
establish the value of money or what can be bought with out 30 minutes
outside of the Want of the Moment. They are in fact..mentally ill
when it comes to money.

Ain't that the truth? The old lady who used ot live next door is out
in a moldy old travel trailer on the other side of town now. She
seems to go out of her way to shop at the most expensive grocery
stores, despite living on Social Security. She smokes 3+ packs of
cigs a day and feeds nothing but FancyFeast to her 1-7 cats daily.
I don't see how she can do that on SS, let alone buy gas, pay car
payments (2nd car from a rat rectum used car rapist who repoed her
last one after she qui paying for it the second time it blew an
engine), etc.

Others buy the smallest (least value) item at the store, despite the
fact that most stores give you the cost per ounce right there on the
price tag under the item. Go figure!

Two other alternatives: "I can't afford to be cost effective."
Which is one reason I do not purchase the 2.69 a pound beef specials.
Because I don't "have" the room in the budget for $40 dollars of beef
(or anything else).
Secondly - how much of a savings is it if you throw half away?
I've switched from Costco "two fer a dollar" gallons of 2%, to
Safeway's house brand whole milk by the quart. Costs less when I'm
not dumping a gallon of milk down the drain.

Financial sanity should be taught in schools.

Firearms safety and training should be taught in schools.

Contraception should be taught in schools.

You are expecting the certified ignorant to teach what they do not
know. Because, while kids can tell the difference between
make-believe and reality, far too many of the Education Specialists
have lost any thinking skills they might have had.


Voluntary sterilization should be performed on welfare recipients if
they already have a child and still want/need welfare. Look how well
Roe v. Wade worked on the crime rate? (sorry, -this- conservative
believes in sterilization or abortion for the idiots.)

Eugenics is not a Conservative value. It was first pushed by
Progressives as a means of Improving the Race. In the United States.
The Germans were merely a little over zealous in their application of
such "forward looking" ideas.

Driving courses should be taught to everyone going for a license.

Everyone?
Including someone who has been driving since they were twelve?
Or who is getting a new license, having been out of the country
for a number of years?

You don't hear about it much any more, but I recall a report of
gentleman pulled over for some infraction, and it was discovered that
he had no driver's license. Never had one, he'd started driving
before they were required.
--
pyotr filipivich
"With Age comes Wisdom. Although more often, Age travels alone."

On 2014-01-01, SteveB wrote:
On 12/31/2013 5:56 PM, Ignoramus31990 wrote:
On 2013-12-31, SteveB wrote:
education. Rich people hire people to watch their money. Then they
hire another guy to watch the first one. Then they hire a third to
watch the other two.

I never, ever hire anyone to manage my money. I also never listen to
any financial advisors. They range from clueless to crooks, as far as
what I have seen. I am glad that you were more lucky.

i

I should have clarified that. It all depends on the amount of money
we are talking about here. Most Average Joe's can do quite well
with some common sense and a little publicly available tutorage. If
one were ever to get into a Lotto situation, or happen on to some
REAL money, that would be when financial managers would be helpful.

I have a fair amount of money to manage (I mean liquid investments
outside of business), and realistically do not think that it would be
much harder to manage, say, 10 times the amount. I certainly would not
consider any exotic vehicles or "hedge funds".

i

On Wed, 01 Jan 2014 11:29:53 -0800, pyotr filipivich
wrote:

Larry Jaques on Tue, 31 Dec 2013
22:40:47 -0800 typed in rec.crafts.metalworking the following:
There are a significant number of the poor..who are simply unable to
establish the value of money or what can be bought with out 30 minutes
outside of the Want of the Moment. They are in fact..mentally ill
when it comes to money.

Ain't that the truth? The old lady who used ot live next door is out
in a moldy old travel trailer on the other side of town now. She
seems to go out of her way to shop at the most expensive grocery
stores, despite living on Social Security. She smokes 3+ packs of
cigs a day and feeds nothing but FancyFeast to her 1-7 cats daily.
I don't see how she can do that on SS, let alone buy gas, pay car
payments (2nd car from a rat rectum used car rapist who repoed her
last one after she qui paying for it the second time it blew an
engine), etc.

Others buy the smallest (least value) item at the store, despite the
fact that most stores give you the cost per ounce right there on the
price tag under the item. Go figure!

Two other alternatives: "I can't afford to be cost effective."
Which is one reason I do not purchase the 2.69 a pound beef specials.
Because I don't "have" the room in the budget for $40 dollars of beef
(or anything else).
Secondly - how much of a savings is it if you throw half away?
I've switched from Costco "two fer a dollar" gallons of 2%, to
Safeway's house brand whole milk by the quart. Costs less when I'm
not dumping a gallon of milk down the drain.

Of course, one has to be savvy enough to know not to buy things in
large quantities which will go bad before they can be used, but that's
that freezers are for, etc. I'd like for people to begin using their
heads, is all. shrug


Financial sanity should be taught in schools.

Firearms safety and training should be taught in schools.

Contraception should be taught in schools.

You are expecting the certified ignorant to teach what they do not
know. Because, while kids can tell the difference between
make-believe and reality, far too many of the Education Specialists
have lost any thinking skills they might have had.

Sadly, teachers are rapidly losing many of the skills which should
have been passed on to the kids, and to other budding teachers.
But there are still many people alive who could teach them to teach
others. I'd just like to see it happen, y'know? Think how little it
would cost schools to hire seniors who are smarter than 99.999% of the
people in admin in schools nowadays...Yeah, fat chance of that
happening.


Voluntary sterilization should be performed on welfare recipients if
they already have a child and still want/need welfare. Look how well
Roe v. Wade worked on the crime rate? (sorry, -this- conservative
believes in sterilization or abortion for the idiots.)

Eugenics is not a Conservative value. It was first pushed by
Progressives as a means of Improving the Race. In the United States.
The Germans were merely a little over zealous in their application of
such "forward looking" ideas.

I'm certainly not advocating controlled breeding, and you know it,
Pete. I'm saying "Nip the problem of unwanted children in the bud."
and "If you want more funds available from us, you will volunteer to
stop spitting out babies."


Driving courses should be taught to everyone going for a license.

Everyone?
Including someone who has been driving since they were twelve?
Or who is getting a new license, having been out of the country
for a number of years?

Yes, everyone driving should have an advanced driving course under
their belt. ****, too many people don't even know how to steer
nowadays, let alone know how to DRIVE a car under adverse conditions.
That alone would reduce deaths on the highways each year by half, I'd
wager. Ditto easily avoidable accidents. It won't help the truly
mentally or physically disadvantaged, but it will the rest. And it
could help those two classes in some ways. That's right, I think
_granny_ should know how to control a skid, too. If everyone could
drive, half the traffic laws on the books could be removed. (Though we
all know that'll never happen.) Cost could be wormed into the
person's first year insurance bill, or this year's bill for current
drivers. Both initial and subsequent insurance costs would go down,
resulting in benefits to everyone. It would pay for itself entirely
the first or second year. Do you disagree? I'm surprised that
insurance companies haven't offered that option yet, but I guess
they're as out of hand as the rest of society.


You don't hear about it much any more, but I recall a report of
gentleman pulled over for some infraction, and it was discovered that
he had no driver's license. Never had one, he'd started driving
before they were required.

My grandfather, Harry, on my mother's side, owned some auto
dealerships in the HelL.A. basin before driving licenses were
required. My grandmother taught many a driver her driving skills as a
benefit from buying from Harry's dealership.

--
Stay centered by accepting whatever you are doing.
This is the ultimate. -- Chuang-tzu

On 1/1/2014 2:51 PM, Ignoramus27233 wrote:

I have a fair amount of money to manage (I mean liquid investments
outside of business), and realistically do not think that it would be
much harder to manage, say, 10 times the amount. I certainly would not
consider any exotic vehicles or "hedge funds".

i

You would be amazed at the amount of people who do have sizeable amounts
of money, yet are taken to the cleaners by every snake oil salesman on
the block. Why? Because they are not content to take the lower risk,
lower yeild, guaranteed long term investment, but want the unrealistic %
returns guaranteed by most slicksters. Know more than one person who
ended up losing a wad, who should be in good shape today, had they just
taken the low road.

Steve

On 2014-01-02, SteveB wrote:
On 1/1/2014 2:51 PM, Ignoramus27233 wrote:

I have a fair amount of money to manage (I mean liquid investments
outside of business), and realistically do not think that it would be
much harder to manage, say, 10 times the amount. I certainly would not
consider any exotic vehicles or "hedge funds".

i

You would be amazed at the amount of people who do have sizeable amounts
of money, yet are taken to the cleaners by every snake oil salesman on
the block. Why? Because they are not content to take the lower risk,
lower yeild, guaranteed long term investment, but want the unrealistic %
returns guaranteed by most slicksters. Know more than one person who
ended up losing a wad, who should be in good shape today, had they just
taken the low road.

The problem is not the amount of risk they wanted to take, but their
vulnerability to slicksters. The "risk equation" was not in their
favor, because of who your friends dealt with. You cannot make a good
deal with a bad person.

I figured, long ago, that if I avoid all financial salesmen and
planners, I will automatically stay away from slicksters also.

Many dogmas of financial planning, such as the asset allocation
theory, dollar cost averaging, etc, are badly flawed. I do not think
that I would benefit much from a typical financial planner.
However, I hold my accountant in high regard.

i