MASSIVE OUTDOOR GROW

[Deft]

So Julian, how about hunters? Wouldent some of your spots be found by hunters making it risky to go back to harvest?

 

[Deft]

Last time I checked most don't have access to 4,000 acres of dense forest

I do, and much more in fact.. in fact my problem has been finding places where its less dense so there is any light!

 

[Guest]

No prob bro.....

Just tryin to help out,and it is NOT funny
loosing hundreds of plants to animals huH?
Even in my back yard i do to orange rats...few branches really.
Up north i lost alot to natures beasts oh well,with numbers like
you plan on doing you'll be fine i know........

Oh your question about how much i get on each plant,about
a half OZ to 4OZ's in just a 3 gallon pot,strains differ and seasons..
Mainly i like to keep them like an indoor plant easy to handle!!!!
Be around for the finish,good luck!
Let me see this talk show pay off.......

 

[Julian]

So Julian, how about hunters? Wouldent some of your spots be found by hunters making it risky to go back to harvest?

Private land bordered by other private land in fairly small, tight, community where realistically 70% either grow themselves or know others who do.....(And, in case people do not know, there are many of the places, every state, everywhere...)

Forget the grow......there are many who will shoot trespassers on sight....and many parcels are clearly marked as such...

On a different note....this out (larger) spot has been used for......well......quite a while

The only thing I ever recall was a man and his 2 boys (younger) came across a single plot, maybe, 3-4 years ago (my partner saw them from a small distance), and, as I always say, (for "the average" person...) they turned right around and got the fuck outta dodge quick......

Of course......if they would have taken it further? Well, it's just one spot....endless more.....not a problem at all......(That's why you budget for loss.....)

(Everyone knows you want everything spread out as far and wide as possible with minimal per spot, for exactly such reasons.....something happens?, your out a plot/spot, and, more where that came from (Can even just plant more.... )

I budget for loss....sometimes you have it, sometimes you don't.....(99% of the time it's minimal....)

I do, and much more in fact.. in fact my problem has been finding places where its less dense so there is any light!

We clear a lot of spots (most?),as above/in thread, so, usually not a problem.... meant more 4k at disposal....breakdown is maybe 1000/3000 more or less, (open/wooded), far out......really not populated....(might be 20 people or so that live within 30 minute radius, all know each other though......Not public land.....(nor is any nearby....)

Nice, small, tight community

(I always have a lot of nice "neighborhood" shots, just don't add em for several reasons.......)

 

[Julian]

Just tryin to help out,and it is NOT funny
loosing hundreds of plants to animals huH?
Even in my back yard i do to orange rats...few branches really.
Up north i lost alot to natures beasts oh well,with numbers like
you plan on doing you'll be fine i know........

Nah, but I thought the phrasing was funny

Well, you know......I have my little problems here and there (lost a patch in city of 100 couple weeks ago......had a tree fall on several (Maybe 5-10) in far out spot....Had some others to animals.........then a couple that "Just didn't take" (although earlier in season, when I run them a little larger I usually try to toss all the "runts" from the start.....)

But, see, the other thing too is with continuing planting throughout year.........I just replace em anyway..... (Especially if was an earlier prepped hole.....absolutely not going to waste, and, something else goes in asap....) (We do always cage by the way, so.....)

This year I think were a couple problems due to schedule blown (half my fault, half not......You always want as much time as possible before digging and prep, so animals have a chance to explore.....this year a lot was done later at the same time.....so....not my choice though......so, I knew was going to be some problems....if only due to that....)

But, you know.......all in all?....eh, "I'll just make more" , so, really, doesn't matter anyway.....

Mainly i like to keep them like an indoor plant easy to handle!!!!

I agree....I say all the time I like the later/smaller best....I know you understand and know why (Quicker harvest, easier trim, less crap (leaf/steam)....more in open because smaller so that much more nice, larger and solid....absolutely....)

(The later I go the more in the open I do them....100% sun from sun up till sun down, plus better/stronger circulation, etc....smallest stuff always the best....)

When do you put those out though? Might be of interest to people...

Of note and reminder to people, the more open they are (sun and circulation), usually the less problems you have (potential mold issues, etc), and, also, you can the majority of the time let the go a little later due to absence of such problems....My forest spots I really can't go past Oct 15th or so.....maybe a little later......Open spots with heavy wind I can sometimes go couple days into Nov so have actually been thinking about running things that I normally wouldn't due to finishing times.....

 

[Julian]

You know, the other thing of interest and significance regarding getting numbers ready quick is I go prettttty far back with a lottttt of people.....

So, at any give time during the season I might pick up the phone (call, not detailed conversation), and, it might be someone asking me "Hey man, are you busy? You want to do anything?"......so, that's another reason I tend to always keep producing and having things on hand......

If nothing? Then I figure out where to put them, either in existing situations of my own locations......(I had originally planned to ease up, stop, take a break around July 4th, but, by July 6th, I already had a couple new things developing, which is why I tossed out my PS that I had planned to run to clear rooms and get ready and started on those (and then in the meantime, figured I would be "empty" for 2-3 weeks until those projects, which is of course a waste, and inefficient use of time and space, so, that's why I started doing more rounds for myself.....figured would just run more rounds until ready for other things....(And, I could get a call while even getting ready to finish this round (today putting the last of them out and next round(s) already soaking ) and not even do them, so....really, I just take it day by day and produce.....I know there's always a place for it when ready...just not always sure where that might be and to who..(me , partners, or others.....)

Example: Next round ready to go maybe tomorrow or next day, so, what is left from last round (45) is probably about 150 or so, which I planned to go out and finish today, but, called partners first to see if either of them were heading out and wanted to take them....and, if not, next week?, then I put them out in my spots, or, if by any chance someone was to let me know they had an interest, depending on numbers, I would either yet again alter plans and redirect those (and maybe even put them in myself depending on what the person wanted), or, again, depending on their schedule, tell them a week or so and get ready (If they wanted 500, not on hand, so, would have to make em....lif 150? (what I have left about), then could just tell em "Be there in an hour and we'll get em done"....) Every such event get's me a "piece" (20%-50%)....with varying levels of time and effort and expense put in, but, most of the time, minimal given the return...

Just how it is for me.....

Is what it is....

 

[Julian]

Some further notes:
While it hasn't been touched on here yet, I did add something to other thread regarding recent changes and current situation regarding procuring properties, programs available, changes in underwriting guidelines as of late, etc.....

Everything still possible for the most part, just a little different.

 

[Julian]

I was just talking to someone about it, and, would like to add something that many might find quite interesting....(Of course relating to weather watching on a consistent basis, etc...)

They can't accurately predict weather long term in spring and summer....

(Found this out 3-4 years ago.....)

Systems develop, transform, and dissipate at a very rapid rate in the summer...so, really.....you have to always keep an eye on it because while 5 day, 10 day, 15 day may state one thing, by tomorrow, it could be completely different, and yet again the day after.

(One is free to test this claim by keeping an eye on developments over a 2 week period and all extended outlooks.....)

(The conversation of course started because someone had a 15 day yesterday that stated rain shortly, and, then not again for 2 weeks.....I told them be patient, check daily before they make any moves.....)

Todays 15 day for the exact same person in exact same location shows 3 days rain now (yesterday 1), and, 2-3 days within next 2 weeks(yesterday none)....

So, you really have to always keep an eye on it to have a good idea where it's going.....what looks good or bad today may not necessarily be the case tomorrow...

 

[pakalolo420]

Everybody talks about the weather, but nobody does anything about it

As a obstinate non-waterer, I can't worry about the weather during veg. It does what it does. Now early on (planting out during rain), and towards the finish line, weather does begin to influence the timing of events. A big nasty storm, or an extended period of rain or a hard frost might mean rescheduling the chop or should at any rate.

Julian, you are lucky to have people to help out, I've known some islands where all the old hippies helped each other out like that- stuff like growing starts for each other, helping out with trimming, sharing genetics- but I've never personally had a network of people like that I could avail myself of.

 

[Heavy Chevy]

Ok I have been lurking around this thread now for a while so I figure its about time I posted. I am more of the reading and listening type. Sit back and simply open your eyes and ears and you will learn so much more.

Anyways... So say all goes well and your successful with your outdoor crops... Well then you have lots of product that you need to get rid of. Great, lets say you have well trusted sources and thats not a problem. Well then your left at what I would consider the final step in the game... You have a lot of cash on you but what do you do with all of it? I mean as much as I, and I am sure everyone else on this website believe that what we do is very insignificant compared to all the other fucked up things that happen in this world. Point is its still illegal... So back to my question, you have a big stack of cash but what to do with it? Its dirty money... How do you go about using it? Everyone likes to have their cake but they want to eat it too right? Just wondering what your 2 cents was on this one... HC

 

[Julian]

Everybody talks about the weather, but nobody does anything about it

Whaddya mean no one does anything about it, I was rain dancing for Mole just a couple weeks ago (worked too )

As a obstinate non-waterer, I can't worry about the weather during veg. It does what it does. Now early on (planting out during rain), and towards the finish line, weather does begin to influence the timing of events. A big nasty storm, or an extended period of rain or a hard frost might mean rescheduling the chop or should at any rate.

Well, for people who don't have any irrigation in place (myself included), I'm looking for regular storms, etc, and, in a way "monitoring" their "waterings"....

(And I would think others could do the same, even if they had to water manually.....ie: if one was planning for Sunday, they may see things rolling in Monday,Tuesday,etc,etc, and, choose to of course not go, and, in the process saving themselves thr trip/trouble/work, etc.....)

Yeah, I don't water, but, depending on the what and where if not sufficient, I just might have to...(The later smaller things need more attention and I have been putting things out consitently since May 1, so.....the earlier things?....some penetration?.....eh, they're good at this point for an extended period, but, the later stuff, I always have to keep an eye on everything (lost an earlier patch mentioned...)

Julian, you are lucky to have people to help out, I've known some islands where all the old hippies helped each other out like that- stuff like growing starts for each other, helping out with trimming, sharing genetics- but I've never personally had a network of people like that I could avail myself of.

Welll.....let's be honest....their not "helping"....they're "working", to support their split It's their job...(And, believe me, it's not uncommon for me to have some serious, extremely heated bitching and exchanges going on when it's not supported....)

Most I know end up very well off, and I damn well expect it to be earned, proportionate to reward (ie: I have just as much to attend to as everyone else (realistically 3 x more)...if I can go and work 12 hrs...so can you And at the same time I'm also doing my own projects...) I mean, really....if people thought about it...I mean, what does it come out to in the end?....... _____ lbs an hour!! (salary?)

C'monnnnnnnnnnn

And you have a problem with that? ("Hey, I need you to do some work for me.....how much?...how about 1-5-10-20lbs an hour? Is that good?" )

"No" is a word I have tried my best to eliminate from my world (Not a boast, I've tried, and, I suggest all do the same...) I don't want to hear it, ever, from anyone....at all....about anything.....

(And....if I do.....no screaming, no yelling, no arguments.....no problem.....You'll just be a hair away from being cut off, end of story )

 

[Julian]

Anyways... So say all goes well and your successful with your outdoor crops...

And the most sincere wishes to all that they do.....I hope all are having a good season......and minimal problems...(well, of course, except for the TX DEA guys, but, maybe they had other things going too and it's a minor loss and learning experience

You have a lot of cash on you but what do you do with all of it? I mean as much as I, and I am sure everyone else on this website believe that what we do is very insignificant compared to all the other fucked up things that happen in this world. Point is its still illegal...

Actually the question is just as valid for someone with $5k a yr to play with as it is $500k or more.....(actually more so for the $5k, because they obviously need a little more planning and execution than the other to achieve something equally significant....)

So back to my question, you have a big stack of cash but what to do with it? Its dirty money... How do you go about using it? Everyone likes to have their cake but they want to eat it too right? Just wondering what your 2 cents was on this one... HC

Well, that would actually depend on what you want to do with it....

What do you do?....What do you want to do?......who are you?....what do you have?.....and what are longer term objectives...(money and green....)

There are those that choose to basically own nothing, no assets, absolutely nothing in their name...nothing to show....but, their cash heavy....(and, frankly, if very deep into it, no other interests, profession(s), and no intention of stopping, might be wise...) (Although you would still want it safe, and, not cash anyway...but, it's not very difficult and wouldn't really be an issue because you could convert it into tangible assets rather easy..(ie: My recommendation always are St. Gaudens...(Numismatic items....gold coins but historical, not bullion...US of course, not foreign...., and, the approach to that would depend on what you have to spend.....you can buy them for $700, or you can buy specific items for $70k.....)

Do you want to start a business? Buy a business? Invest in business's? Property?....Buy a home?......

All starts with tax returns....ideally, bank deposits should mirror tax returns to the dine..(Can also do half and half and maintain a stash........cash, anything else...) Cars, boats, etc, really no way of hiding them and they should coincide with all tax returns and bank deposits, so, not as much talking about stuff like that (ie: toys)

Buying or investing in business's (as well as start ups), you can still basically use cash, as you can for property issues......(My first and foremost suggestion would be people go no money down (100% LTV, OO/NOO,ideally a "full doc, but stated or no doc if need be...), pay contractors in cash, which they always prefer, and hold.....) One of principal reasons is all property held will have minimal equity, which is of little interest to IRS and others.....

Someone who doesn't need to (nice income existing) could simply use for expenses, and channel all income only to things of importance/significance(beneficial....home,savings,investment,whatever kind one does already)

So, comes back to that....who are you, what do you want to do with it.....

Note: I do not believe in growing as a "profession" or primary occupation...it's gravy, and it upsets me when people think they can...

Everything comes to an end.....Everything has a pre defined ending point even before it's begun....

I used very small examples in the other thread, now let me use one not so small......(since I was just talking to someone about it this week......)

A business is one of the best things one can do regardless......one could buy into bars...(note: Business's are not sold like property...they are almost always financed, and, the seller almost always does it..(financing,....takes back a note for balance...like a mortgage)....anything....(bars, laundromats, etc..lot of cash business's desired...)

(They don't call em Laun-DRO-mats for nothin! )

Guy I talked to wanted to do limo service......

Now, what most don't realize is that in many cities......extremely large companies do exist , and, in case people are not aware, most do not own the cars....A company of 450 cars may be comprised of countless "independant contractors" who may own anywhere from 2 to 30 cars each....the company merely "books them", and, you kick back a percentage......(more on this in a second...)

Then, of course, since an owner cannot drive 30 cars himself, drivers are hired as "independent contractors" of the owner.......

(Split might be 20% to service for bookings.......40% driver, 40% owner of cars, etc...)

Anyway, so, this person of course desired to own a business with the initial thought of it being a "cover business", but, by the end of the conversation realized it really would not be...it would be a real business, and, a fairly busy and good one at that if done right..(can be done for minimal downs to secure first couple cars, etc..) creates a legitimate income (to buy himself a principal residence...) and, then, we're back to "extra money" he might have which he can use to redo that residence.......furnish that residence......further funds can be put through cars on "charters" ....$500 here, $750 here....etc (with you of course driving , so, no split to anyone.....you might book $3,000 in charters a week yourself for cash )

The main objective, cash or otherwise is declaring..(as most property issues you need to produce financials to do what you want.....)

A simpler level would be start a business as mentioned before......get whatever local docs you need, dba's, etc, open business account, and, deposit reasonable amounts to services and business, declare it all, and, of course, minimal deductions, so no read flags....(Other thread found several very informed talking about records...records of transactions are not mandatory unless the business and inventory requires it....(licensing, maintenance of records for certain period of time...medical, legal..financial, etc...several industries have this), but, of course, you wouldn't want to do that, because more paperwork to handle........You want simple (no sales....sales tax issues either....).

It's always my advice though that people follow through on what they know....like cars? know cars?...claim car related (side work as a mechanic for people..cars, bikes, etc...).....Computer literate and skilled?.....The Consulting, tech related, etc....

Most of the time a business will be or become a real business fairly easily, so, always say it's something you like, etc....

Lot of different things, different ways, but, again, depends on who someone is, what they do, who they are (financially), and all related aspects.....

Also depends if you plan on doing it for a continual basis, and, I myself am a firm supporter of "breaks" and "time off"........

Gives you safety...(from long term investigations)..time to breathe...contemplate...plan....etc(while off, you might be planning the next big one , and just waiting for when "it feels right"......and, of course, developing other things in the process (investments, business ideas, etc....)

Money Management I think the most important aspect of growing..

ie: It's not going to last forever, and, the amounts one earns, small or large, can either be spent in the blink of an eye or contribute to future.......)

Further explanation:
I have known more people than I can literally remember, or even begin to count during my life, who have seen amounts up to 1MM, that within a year, sometimes a little longer, were right back to where they were when they came into the money...most of the time only possessing things which could only be sold for a fraction of what they were bought for....(ie: cars, boats, bikes, etc,....all losing different degrees of value depending on what they are, how much they were used.....bikes and boats being a little better, but, not if more expensive.......Cars are the worst...and, basically, shouldn't be considered anything at all....)

No reason almost anyone can't turn 100k or more into 1MM(or many) or more long term doing the most simple things.....

It's very simple......very...(I once saw someone blow about 250 in 6 months....)

You do a residence with 0 down, keep reserves......maybe secure another building (apartments) because of course you have reserves...and, do any number of other things.....(or, one could just put the 100k down on a building...etc, etc...)....Options are endless......

Bottom line...you want top blow it?, or turn it into huge long term money.....it's truly as simple as deciding to

(note: the person above, with the 250.....I tried to get them into something (business) for about 40k ...was trying to get them to be smart...etc...the business that I tried to get them into at that time, if they had, would have ended up returning about 50k a year to them indefinitely....

I am one to talk....when younger I blew absolutely obscene amounts of money and do all things above professionally.

Sorry....little busy......lost my train of thought....let me now any specific questions.....above should have covered or at least come close....

 

[Julian]

Was just having a discussion with someone, so, something to add about railroad plots:

Same rules of any outdoor apply across the board......and revolve around perceptions of others....(including depth as mentioned above...)

Many times, and, currently, I might do very small plantings, but for extended lengths...(so, instead , for those, of a patch of 100, that 100 might be spread out the vegetation , in singles, over a city block or two...). I have, in the past, planted in some cases up to miles....

Giants/Trees will stick out.....larger dense patches will stick out.......single plants over a greater length, while moving, are basically undetectable.....(Also smaller plants....) I do have some where there might be one every foot or two..., but, these are, (right now), let's say not even a foot, when surrounding vegetation is dense and up to 10-15' surrounding...(visually, just a "wall of green".......)

One will note I tend to favor spots where the potential observers are only seeing a very little bit, for a moment, moving extremely fast......, or, as above, the entire focus is on specific things other than the spots (like close to crossings, etc.....the focus is on the crossing, people, cars.....no where near enough to find them glimpsing any plants....

 

[Julian]

Anyway, back to money and business/business's....

As with property, sometimes one of course can buy a business for much less than it would cost to actually set up the same business from scratch, sometimes much, much less....

Landscaping business's have been mentioned, and, I've seen them for as little as about 10-20k....(Of course, as mentioned the bonus is they can be used to order and receive enormous amounts of supplies without it raising an eyebrow (pots, organics, soil, compost, tools, etc) but also have the option of aggressively pursing locations which one might have an interest in....office and industrial accounts, more exclusive residential areas with larger lots that aren't used etc.,..

That's an important thing to consider because why of course have a "fake business", when you could have a real one...or two....or 3....or 20, for really not much

Bars are usually much, much cheaper than people think they are...(like anything, depends what you want...little "hole in the wall" neighborhood places can be as cheap as like.....40k...maybe 10-20k down.....places that are actually nicer and worth buying and profitable maybe 100-200 depending where you are....maybe 50k+ down...all the way up to serious , profitable places which alone one could retire off....All depends how much you have and what you want, and want to do.......

Past mere possession/ownership, many also are in the business of actually flipping business's like people flip properties (which I am not a fan of btw...for properties...for business's, absolutely....)

A business is priced according to revenue and income, so...one might be able to take a business, build and work the numbers to better levels and sell at anytime afterwards for more.......a little more......100% more.....or even past it, and, as always, depending on what it is, where it is, revenue and income (net), that could be fairly significant....

(mentioned above was percentage down payments, estimates, and, it should be noted,the more desirable it is, the greater one can command (across the board, terms, etc....)

(As in property....the "better" something is, the less power (negotiating, buyer) one has...and vs. versa....)

Topic itself is endless.......endless scenarios for each situation......really no limit...

 

[dj digigrow]

man, I really do feel like I'm in school. Only I can't get enough info.. just soakin' it all up like a sponge.
my wife wants to throw my phone across the room..lol(get off the phone allready!!..)

 

[Julian]

Well thanks man....(and what are ya doing on your phone anyway???)

More notes on several things......

Business's

Was talking to quite a few about things mentioned above, and, of course, they do all come back to square one.

Bars were just examples, and, prices examples, may vary of course depending on ones region (prices), but, fundamentals remain the same.

Of further note, and, of significance:
All business owners/sellers begin wanting "all cash", and/or their terms.....Until they sit for a while and don't sell....

I've seen sellers start out wanting "all cash" and, let's say , 250k, only to, in the end, accept 50k down on 125k, etc, so, assume up front these things. (Not like property in this sense....prices somewhat established...)

To get an idea one could pick up all their local papers, search classifieds...one could do a web search, one could also ask their broker (real estate......brokers also sell business's of course....should have access to quite a few...)

(I could call my guy right now and within an hour have a list of 500 things.....)

(Thought I would add that (negotiation)....Most usually a little surprised when they find out.....)

Note: As above...business not like property in the sense their is no true appraisal.......you can and will pay too much if you don't negotiate aggressively...and, really, with no recourse whatsoever..(unlike property..doesn't appraise....no deal/financing/denial).....

Note: I love restaurants...always have, but, very hard business, and, dealing with perishables and inventory issues (combined), so, I'm not a big fan.....(unless your going big/franchise, which is usually larger amounts of money anyway.....)

(I had a chance to buy a piece of a "Hooters" not too long ago and regret not doing so......fringe benefits )

Just as with indoor, owning property contributes somewhat to your overall security, and, as long as a residential property (compared to farm/undeveloped land/agricultural) 0 financing possible (depending on your situation), and, doesn't always have to be as far out as most think...(nice privacy fenced lot, right location....right level of privacy.....well Lou would certainly agree that it's possible to do a little more than a couple...

(As said above...my preference is wooded, 1-2+, privacy fenced lot with a privacy fenced inground pool.....) Good year alone can almost pay for property itself, or,. at the very least pay couple years on mortgage and also cover redoing the property...(interior, exterior, landscaping, etc..)

Back to money overall.......

The best avenue initially for someone starting at square one (and of equal benefit to all, regardless), would probably be small business (then open business account), secure own home (primary residence.....because, let's face it, most outdoor guys are also indoor and it only raises security to own), use "extra " money for repairs, improvements realized on your sale, and then in the meantime, explore other avenues.....

Note: That scenario, for most, only requires good credit and less than $5k...(business essentially 100 buckis....property couple thousand to close, and, if financials unsupported, can still do a no money down with adequate score....)

Yes, it is as easy as it sounds

I should also repeat again I am not a fan of "flipping", and, the real world it works a little different than the TV shows that focus on it

ie: "I can make 100k"
Who says so?.....what about after taxes...what about over budget, what about price reductions, what about closing costs, what about commissions, what about carrying costs......

Any variation from the above can turn that "100k profit" into 10k in the blink of an eye....

Point being in general a little wise money management with ones "extra money" will not only go a long way, but, can also alter ones life in a fairly dramatic way....

I know, I know...lot of people say "I can't afford that".....well, that's because you blow all your money on "silly shit".......new PRS, new bike, $10 drinks at club, nicer car that is nothing but a liability and draw on income......

(Note: Everyone knows I have no problems with cars, but, little wiser approach never hurts......)

Point being all the "toys" one wants will only be the same price or less in the future, so, instead of blowing that 10k, why not do something with it to make it a potential 100k instead, etc......

Patience is a virtue they say

Of course the entire reason is, as above and elsewhere:
"Nothing lasts forever"....(might, but, still going to take "breaks" every now and then.....) so...might as well "do the right thing" to make the best use of it while it's "flowing"......

Age:
It's usually fairly typical of those from poor backgrounds , and, younger, to "blow" money, and, be under the impression it will last forever (been there, done that...). so, all is actually an even better idea the younger one is.......(because things might change and you might not have the same opportunities and funds in the future )

There's a reason for the saying:
"If I only knew then what I know now"........

The basic of these discussions is growing.....producing....

A single "great" season outdoors, or a 12 month "good" run indoors of fairly small amounts (less than 50lbs) can dramatically change ones entire future if the "right things" are done with it.....

(Hell, even 10lbs if someone does small can be like 40-50k which is enough to pull off almost all of the above..(residence, business,reserves, etc...)

(All of the above is assuming that someone works......consistently...even school....not supposed to be a "profession"...it's gravy...it's "fun money"....not a career...(even if time spent and income equals it....it's not.....it can be over at any time, at least a break.....plan accordingly....)

Same with stock market, any other industry....you might be "in the zone"...and, "on a good run", but, a ":correction" is more than likely at any time

You don't want to be one of those people who "should have/would have/could have"

 

[Julian]

Significance of principal residence:
You hear people talk about how they would like to move to other countries.....how they would like to do things...own business's.......other things....and, of course, one has to realize the majority of people draw the funds for such from their homes....(how a lot of business's are funded...home equity lines of credit, etc...)

So, goes right back to improvements (made for cash to contractors ...)

The long term effect is once one has built up some serious equity, it opens up that much more for anyone "average person".....

You buy something 200......over the course of 10 years put 100....might be worth 500, maybe pre paid down to 100k....

400k in cash on a sale.......

400k cash could get you into a Gentleman's club pulling down 10k a week (500k a year).....400k might get you into, or a larger piece of a fairly nice hotel in Hawaii, Bahamas, etc (sure, many a
re 50MM plus, but, 400k enough to get into something, or a piece of something 3-8MM, etc...(All depends on scenario...)

All starts with principal residence...before thinking about stock market, buildings...investments of any kind...all starts with your place......

(Unless your an unusually disciplined person who can buy a building and be happy living in one of the units..(no money down)......and, shortly afterwards buy another.......then a business.....and hold off on things related to comfort.....(actually goes a long way if you have the discipline.....), and can build your figures significantly quicker....

All boils down to:
The dollar you spend today is the 10 of next month is the 100 of next year, etc.....

(Some people might call me cheap.....far from it.....far too generous, and , blown more than my share in my life, but, I realize that every 1,000 I spend today is the 10,000 of next month is the 100,000 of next year...and, still have enough energy and a way to go before I feel comfortable blowing more again.....)

It's "gravy"......it's "fun money"........(or some say "lunch money )

You can either blow it, or, do something that will benefit long term......

But, if you blow it........it's entirely possible something will happen to bring it to an end....and,....you might not find it as easy (or even possible) from that point on to "come across" 100k, etc

Edit: And, for sake of almost all, let's forget the bigger numbers and even cut it down to 5lbs a year......

5lbs a year, if you use it to prepay your condo/townhouse/house can have a 30yr mortgage paid off in full in 10 yrs more or less...(so, if you buy today, at, say, 250........instead of owing 240k in 10 years.(mortgages all interest first 10-15 years...)........you could owe 0..(250k in 10 years, from 5lbs a year )

5lbs a year might make up the difference for the 250k home you can afford and the 500k home you wish you could afford......

5lbs a year could have you enough in 3 years to put down on a larger business..........

5lbs a year could be used towards an education that might in the future bring you 200k a yr professionally.......

Endless benefits to the smallest amounts...

Note: Some know that I cut down my personal smoking dramatically for a while now......That's because I did the math and figured out I was spending 20k-30 a year on personal (z+/- a week, 300 a z potential...add on gifts and smoking more out, with people, easily hits 30k...)

30k a yr on ps..........

Some people support a family of 4 on that

When one has all these things in mind.....they tend to behave a little differently (think before they buy things, and, decide not to sometimes...pass on things that a month ago they "had to have"....)

(Personally, an example of my list are the JEM DNA's and JEM 10th's(20's?).....4-5k....pfffffttt......show me one with the shit beat out of it and I might give you 1500-2000...otherwise, no need for it ) or not going to buy an S600 for 130k+ (whatever) when I can get one with 30,000 miles on it for 30k (Don't know newer line, don't like em anyway.....seem smaller )

If one doesn't know what I am talking about above.....well, doesn't really matter...applies to whatever one has an interest in.....all applicable regardless of interests, income situation, profession......

Of course, mention of "stuff", brings it back to sq. one...right back to start....You can either go for such things (depreciating and requiring continual expense......), or, channel the very same towards something that will appreciate....and add to net worth.......

(People forget the true expense of things such as cars for example.....downs, maintenance, insurance, repairs, etc.....most cases can easily make the difference as above...either nice car or even nicer property for same amount......)

(Most aren't aware also that car payments can really hurt your ratios regarding mortgages and properties....that 500 a month car payment is the equivalent of almost 80k+/- in purchase power for a property...(so, you qualify for 250...without that car payment, would qualify for 330, etc.....)

All comes down to how you want to spend your money, and where do you want to be.......little "extra money" (as little as 5lbs a year we got it down to ), and a little discipline.......changes one situation quite a bit..

(Forgetting 10-20-50-100lbs plus....which no reason those amounts should not enable one to easily dramatically effect their situation....)

 

[pakalolo420]

(All of the above is assuming that someone works......consistently...even school....not supposed to be a "profession"...it's gravy...it's "fun money"....not a career...(even if time spent and income equals it....it's not.....it can be over at any time, at least a break.....plan accordingly....)

One could do a lot worse than investing in a university degree or advanced professional training. Those can't be repo'd or seized.

 

[Julian]

Not to mention not a bad return (couple hundred k against 30 years of a 6 figure income...benefits package...security....etc....)

(I still break out in laughter whenever I hear the "Money doesn't grow on trees" )

Some people may think some things are beyond them for various reasons, and, in some cases, they very well may be, but, when your running a virtual printing press for cash....those kind of disappear as far as ones limitations

 

[Julian]

I was just talking to a couple people about weather......extended forecasts, and, their significance......

Many would assume I(you) are looking for rain.......

Yes....but, not exactly.....

Many would assume I (you) am looking for time period between rains....

Yes....but, not exactly....

Personally?, what I am looking for is the temps for those days without rain.....

Couple nice heavy storms?.....Well, if plant is established......70's.....2 weeks might not be a problem.....(even more the more established it is....)

If in 80's?.........well.....I'm keeping an eye on it ......(always using 15 day extended.....)

If multiple days in 90's without rain?....especially if already no rain?......Well...then it starts to become a potential problem due to evaporation issues....(Because, as above...nice extremely heavy storm and 2 weeks of 70's?...absolutely no problem.....but, heavy rain, and, week of high 70's and 80's followed by a tail end of a week of 90's?......then I start to worry a little.....(ie: any moisture left in soil to carry it to next storm is going to start to seriously evaporate when being baked like that.....)

(As above and everyone knows....of course the deeper down you go, the more it varies from surface temps and conditions...but, 2 weeks (or more) with then a "tail end" of 90's, high 90's......concerns me a little.....)