Money...retirement

Discussion in 'Lets talk Business!' started by 1st choice restoration, Jun 19, 2018.

  1. Radar Foster
    Radar Foster

    Mr Personality

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    Fred Boyle
    Paid mine off in 1998

    Been saving it ever since
    dealtimeman and Wandslinger like this.
  2. Radar Foster
    Radar Foster

    Mr Personality

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    Never retire fully
  3. sincity870
    sincity870

    Member

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    $7 million is our goal...
  4. dealtimeman
    dealtimeman

    Everyday is Saturday.

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    Do it so they know what a 5 year plan even looks like.

    I’ll be in town this week pm your cell if you want to get dinner.
  5. hogjowl
    hogjowl

    @

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    I already hate your guts
    Idiot
  6. Radar Foster
    Radar Foster

    Mr Personality

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    Nice!

    Mine is $5 Which I expect to do off the back of Apple , google amazon and Nvidia by 2022
    sincity870 likes this.
  7. hogjowl
    hogjowl

    @

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    You’re my hero
    Idiot
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  8. Radar Foster
    Radar Foster

    Mr Personality

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    Nice shade of pink Porky


    Does it match your cooch?
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  9. hogjowl
    hogjowl

    @

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    Ask Richard
    dealtimeman and Cleanworks like this.
  10. Radar Foster
    Radar Foster

    Mr Personality

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    He’s seen it?


    Oh my!!!




    Read in the voice of George Takei
  11. Mikey P
    Mikey P

    Administrator

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    And you want to buy a beat to shit 19 year old Vortex?

    Get a 650Everest in a Transit, drive to retirement in style..
    Last edited: Jul 9, 2018
  12. dealtimeman
    dealtimeman

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    I don’t see myself ever retiring fully, but backing off more will be a must.

    Today was an exciting day as I bought a piece of equipment that I have really been wanting and I paid off my house. Soon I will be debt free only car notes left to pay off.
    Just bought my first piece of equipment that will get me on my way. 6000 cfm trailer mounted desiccant with an air conditioner and heater built in.:rockon:

    3 more units then I will start buying houses and or multi family units. To live off of.
  13. Blue-Collar Hero
    Blue-Collar Hero

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    Congrats! See now you can pay Justin off for the gear you lost in the desert and you'll have take one STEP closer to clearing your conscience. Pay me the $250.00 for making me sick and you'll be at peace. :biggrin:
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  14. 1st choice restoration
    1st choice restoration

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    Dealtimeman
    So ur wanting to purchase 3 more trailer mounted dessicants as part of retirement strategy?? Wanting to rent out equipment as retirement income??
  15. dealtimeman
    dealtimeman

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    Yes and no.

    I have been wanting to transition into a large loss logistics and support company for sometime now.

    This past year we bought 2 trailer mounted generators and 2 smaller desiccants and Now, this 1st larger 6000 cfm Desiccant is a major step in continuing that part if my vision for where I want LCS to go.

    Nothing against smaller 5-6000 dollar jobs but I want to keep getting 40-250k size jobs and that is what my efforts/job has been over the last year or so.

    We went from having regular spider boxes running of the drier Çircuit to having 5 -4/0 cables running off the bus bar on the generator, powering a 400 amp power distribution panel feeding ten 6/3 8/1 50 amp cables to power 10 208v spider boxes throughout many floors of a building.

    These new challenges have started/reinvigorated a passion like back in the days when we acquired our first Vortex.

    Just the next chapter, while planning for the long term.
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  16. 1st choice restoration
    1st choice restoration

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    A lot of companies and competition now days for those 5k or 6k jobs. Not many equipped to handle large losses. I like ur thinking and approach.
    I chose to purchase a 16 unit apartment complex along with 3 rent houses as part of our grand plan... we’ll see
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  17. dealtimeman
    dealtimeman

    Everyday is Saturday.

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    That’s a good plan. I have a buddy that did the same thing a few years back. Good investment.
  18. PrimaDonna
    PrimaDonna

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    Relinquished my "share" in the rental properties as part of divorce settlement. Having rental income from 3 units that was heavy cash positive was a great thing. I want to get back to that as soon as I can.

    I really wanted to purchase a place when we finally sold the house, but ended up having to rent. The properties were coming up and getting offers with in hours. I didn't want to jump on something just because it was available and not what I wanted to met my needs. In the long run, it was the best decision as I need a breather after the pace I've had the past 10 years and to really launch my consulting and FPA businesses. Even tho I hate renting, I can write my check and not have to worry about anything. Short term pain, for the bigger long term picture.

    I did meet with my financial adviser and had him open a new account for me with the proceeds of the house and buy out from the business. But, I want to do more than have the money sitting in various brokerage accounts. That's not the way to build the empire! I'm thinking I could use the advice and knowledge of someone like Boyle!
    Blue-Collar Hero likes this.

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