GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Almost everything I was told about $ was a lie.

kane · 03-14-2010, 01:16 PM

Real estate is really only in investment if you plan to either quickly improve the quality/value of the property and sell it or you buy it when the market is on a down swing and sell it when it is on an upswing. Otherwise it really is nothing more than a forced savings account for most people. If you live in the house long enough and the value over many years goes up a lot you can make money as well. However, for most people when you factor in the taxes, upkeep, insurance and everything else associated with owning a home most people would have made more money taking that money and putting it into a low yield investment like a CD or a money market account.

As for the job thing, it really depends on the job, how much you make and what your long term goals are. I agree with Sly that there are no 50 year jobs these days. It seems like now once you have been there long enough that you are making good money companies fire you and hire someone younger and cheaper. My neighbor's wife worked for the phone company in the town next to the one I live in. She was there 11 years. New management came in and flat out told everyone that if you had been there longer than 5 years you were a liability to them and you were going to have to prove your value to them or they were going to let you go. It is probably smarter to take what you can from a company then move on, get more money and start somewhere else. Keep trying to move up the ladder and show that you are an asset then move on before they see you as a liability. Of course if you are intending to start your own business in the same field you work in, it isn't a terrible idea to hold onto your same job while you develop your business on the side.

03-14-2010, 01:16 PM
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	Real estate is really only in investment if you plan to either quickly improve the quality/value of the property and sell it or you buy it when the market is on a down swing and sell it when it is on an upswing. Otherwise it really is nothing more than a forced savings account for most people. If you live in the house long enough and the value over many years goes up a lot you can make money as well. However, for most people when you factor in the taxes, upkeep, insurance and everything else associated with owning a home most people would have made more money taking that money and putting it into a low yield investment like a CD or a money market account. As for the job thing, it really depends on the job, how much you make and what your long term goals are. I agree with Sly that there are no 50 year jobs these days. It seems like now once you have been there long enough that you are making good money companies fire you and hire someone younger and cheaper. My neighbor's wife worked for the phone company in the town next to the one I live in. She was there 11 years. New management came in and flat out told everyone that if you had been there longer than 5 years you were a liability to them and you were going to have to prove your value to them or they were going to let you go. It is probably smarter to take what you can from a company then move on, get more money and start somewhere else. Keep trying to move up the ladder and show that you are an asset then move on before they see you as a liability. Of course if you are intending to start your own business in the same field you work in, it isn't a terrible idea to hold onto your same job while you develop your business on the side.