Is this your exit strategy?

Discussion in 'the CleAn Room' started by Wandslinger, Dec 25, 2016.

  1. steve_64
    steve_64

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    I didn't think you are grumpy, it's just because you are surrounded by idiots.
    hogjowl likes this.
  2. Papa Emeritas
    Papa Emeritas

    Mr Personality

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    Especially when he's standing in front of this


    IMG_0219.JPG
  3. Matt Wood
    Matt Wood

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    You didn't catch my spelling of your name. Are you a little slow today?
  4. Lee Stockwell
    Lee Stockwell

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    Fred and Marty, I'll spare you the explanation. (pearls before swine...)
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  5. Papa Emeritas
    Papa Emeritas

    Mr Personality

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    Fred Boyle
    Clever


    Hey Marty....

    Cryptwell just called you an idiot
    hogjowl and Matt Wood like this.
  6. Mikey P
    Mikey P

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  7. Cleanworks
    Cleanworks

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  8. Papa Emeritas
    Papa Emeritas

    Mr Personality

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  9. Cleanworks
    Cleanworks

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  10. Willy P
    Willy P

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    60 k net or gross? Thats slim pockings either way. I do better than that and I'm a lowly porty hack. Save your money! ( and have wealthy relatives)
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  11. Papa Emeritas
    Papa Emeritas

    Mr Personality

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    Fred Boyle
    Shit, I put about that much in my retirement and investment accounts annually

    Fund your SEP to the max allowable every year ( 25% net)

    One of the most prudent tax strategies available, and will allow you an EARLY exit if you choose
  12. Onfire_02_01
    Onfire_02_01

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    I met a guy that does this while I was cleaning carpets. His expenses were an S-10 pickup with a nice wrap, a cell phone, a place to park the truck, a five gallon bucket w/garbage bag, a scoop, and a dumpster.
    I may start in the business when I get older. Find a nice neighborhood with dogs and take a walk for 2-3 weeks a spring. Not a bad way to make Beer money.
    Matt Wood likes this.
  13. Onfire_02_01
    Onfire_02_01

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    Teach me your ways o Master! Takes me 2 years to make that much.
  14. Papa Emeritas
    Papa Emeritas

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    JHC

    This thread should be renamed

    Dopes with high hopes
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  15. Shane Deubell
    Shane Deubell

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    Fred is right on, for most of us an exit strategy is having $500k to $ 1million in income generating assets someday.

    Small businesses go up/down in value fast and furious. Unfortunately most of us sell when things are going bad instead of selling in our best year. Has nothing to do with carpet cleaning, just human behavior.
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  16. Papa Emeritas
    Papa Emeritas

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    If you start early, 500k- million is easily attainable $100 a week over 30 years will achieve that


    Doesn't provide sufficient income IMHO

    Unless you're choking chickens in the Phillipines , you'll draw that sum down before you need a walker

    Here's a fun calculator , see what 30 years will do
    http://moneychimp.com/calculator/compound_interest_calculator.htm
    Shane Deubell likes this.
  17. Shane Deubell
    Shane Deubell

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    Damn, Im screwed....
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  18. Mikey P
    Mikey P

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    You should see how the mexicans and white trash do it in Scruz. I have a buddy who runs the housing management department.

    Free house, EBT cards, Obama phone and more


    Under the table jobs gives them 50k a year extra cash to play with.
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  19. hogjowl
    hogjowl

    @

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    I think he called you a swine, Fred.
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  20. Lee Stockwell
    Lee Stockwell

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    They do work the system. I'm po'ed at both the people who feel entitled to it, and the large group who profit from administering it.

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