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  1. biophase

    Starting a YouTube Channel for Senior Citizens: Teach as I Learn or Wait Until I've Succeeded?

    QUESTION 
    From reading this thread and your other thread it sounds like your YouTube channel is more important to you than starting a business. It should be the other way around. Build a business and then use YouTube to talk about how you are doing it.
  2. biophase

    Why stocks, bitcoin, and crypto will NEVER be Fastlane.

    GOLD! INVESTING 
    If I had to do it all over again… I would have invested my 401k and IRAs in an SP500 index when I quit my job in 2004. Obviously I wouldn’t have known that I’d be successful in business to the point where I wouldn’t really need my retirement accounts. However, if I did just put it in SP500...
  3. biophase

    General Forum Updates... What's New?

    IMPORTANT! 
    Yes the read or unread is no longer in the alerts.
  4. biophase

    General Forum Updates... What's New?

    IMPORTANT! 
    I saw for a few days in the alerts, it listed there was a new post but also listed if you read it or not. I really liked this feature.
  5. biophase

    Basic Financial Intelligence is Fastlane: Some Simple Strategies to Use Now.

    GOLD! INVESTING 
    I’m also curious about this part. First, I assume that your bank is the one that underwrote the loan and is currently servicing it. When you asked, did they make you sign new docs? Isn’t your rate tied to LIBOR or Prime? Did they just say, “instead of prime + 4, we will give you prime + 3.5?”...
  6. biophase

    investing in the stock market does not seem right

    INVESTING 
    Let me elaborate more on my thinking. So imagine that you are making $200,000 a year in your business. My thought was that the $200,000 a year could disappear at any time so I would take $100,000 and invest it each year. The other $50,000 I would use to live on. The last $50,000 went to taxes...
  7. biophase

    investing in the stock market does not seem right

    INVESTING 
    Actually I did not. I invested in real estate. I had 3 rental properties before I even started my ecommerce business. I used my profits to buy more real estate every year. I did not reinvest much into my business. I was 80% invest, 20% reinvest. My thought was that my business would eventually...
  8. biophase

    investing in the stock market does not seem right

    INVESTING 
    Do you own a primary residence? Sound like that might be the next investment.
  9. biophase

    Do you know what you’re doing with your money?

    INVESTING 
    So Allstate is lower by $110/mo! That’s great. Use that to pay that car loan off faster. I’d use all my leftover money to pay that down. 17% is insane.
  10. biophase

    Do you know what you’re doing with your money?

    INVESTING 
    That just seems really high. Is your credit score bad? I’d increase the deductibles to $1000 or even higher if you can. If it drops your insurance by $100/mo. You’d come out ahead in 8 months. Also you can negotiate insurance rates, I never knew that. When I called Geico to cancel, they asked...
  11. biophase

    investing in the stock market does not seem right

    INVESTING 
    When your business stops making money and you only have $100k in the bank, you will wish you socked away 75% of the profits. Also when you are 60, you will thank your 25 year old self for doing so. Or would you rather be 60 and still working whether it be a job or still running a business...
  12. biophase

    Do you know what you’re doing with your money?

    INVESTING 
    What are the coverage limits and deductibles on that and your current policy?
  13. biophase

    Do you know what you’re doing with your money?

    INVESTING 
    I’d shop that around and lower your limits. If seems crazy high. Are you sure you can’t find anything lower. Based on your car payment, you don’t have a pricey car.
  14. biophase

    Do you know what you’re doing with your money?

    INVESTING 
    What are you doing with the excess money? This is mainly what this post is about. Damn! Why is your car insurance so expensive!
  15. biophase

    The lifestyle, hobbies, and fun thread.

    HOT! CHAT 
    Nice! Many mountain bikes come in these ugly colors now. It must be the trend. I’m sure it rides much smoother!
  16. biophase

    Do you know what you’re doing with your money?

    INVESTING 
    I think you just need to making investing knowledge as much of a priority as your niche business knowledge. Your knowledge of investing and TAXES should be equal if not more than your business knowledge. Mastering these two allow you to keep the money you make. I’d suggest you start with just...
  17. biophase

    Do you know what you’re doing with your money?

    INVESTING 
    There are a lot of cards that pay 2% without an annual fee. But even with a $80 one, if you spend $4000 it would give you $80. My friend makes $50k and spends maybe $8000 a year on CC. That’s $160 back or 1/4 of a free airline ticket. Someone making $50k needs these perks way more than me! $160...
  18. biophase

    Do you know what you’re doing with your money?

    INVESTING 
    This past year I’ve started playing pickleball and have met all new people of various age groups. I’m making this post because I’m somewhat amazed at how little younger people understand money and finances. I’m talking about 30-40 year olds. As an example I met this guy who makes a decent $50k...
  19. biophase

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    If you tag @everyone it will tag everyone who follows a page.
  20. biophase

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    BTW, I went to a movie at 4pm and it had captions during the entire movie. I went back and looked at the listing and it said OC, for open captions. Open captions means you can't turn them off. I guess it makes sense, older people will probably go to earlier movies, so the daytime shows have OC...

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