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Post by hunter480 on May 7, 2006 18:30:41 GMT -5
Their is a reason Ill. lease properties are soo high. If you want the best of anything, you will pay for it. Hey Woody, how much do you think Ill. made off of non-resident deer tags last year compared to Indiana? I personally think Indiana's overall Rules and Laws just plain suck compared to neighboring states. What does Indiana do to get the youth into hunting? Do they offer anything for them, besides the discount hunting licences? Indiana is light years behind, and they/we don't care! Lug Who cares what illinois makes off non-resident fees, the people who live there are out a whole bunch of land that otherwise might be available to them to hunt on because of outfitters, and lease prices. And if Indiana is light years behind-then good for us, and I DO care, just not like you do. I DO NOT hope to see Indiana get the kind of attention illinois has gotten, it`s what`s made the place a tough place to live and hunt.
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Post by drs on May 8, 2006 6:30:34 GMT -5
Steiny, lets just say we're both conservative, differing on on a few issues. I am all for buying land for hunting, however what I am saying is don't get into debt doing so as "Things" come-up sometimes beyond our control. Sometime soon; I am anticipating a move to a more rural setting with a much smaller home and several acres of hunting ground. However, I'll sell my current place first.
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Post by steiny on May 8, 2006 17:08:07 GMT -5
DRS - I presently own a house and live on a 100 acre farm which is set up pretty decent for hunting, however I have been thinking pretty hard about picking up another patch of dirt in southern, IN for the following reasons: (a) It would give me a base of operations in some prime hunting and fishing country. (b) It would be one heck of a bunch of fun, great weekend get away, good place to entertain family and friends, etc. (c) Gives myself and friends another option for hunting, plus we don't have hardly any turkeys around here. (d) It would be a pretty solid way to invest some money, as there is little if any chance you would ever lose money on the deal. Assuming it was bought at a fair price. (e) Might make a good place to retire later.
I'll take my chances on the place being unoccupied a great deal. Vandalism or damage are a threat no matter what you own and where. Take precautions and have things insured.
Just something I've been kicking around. It makes perfect sense to me.
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Post by lugnutz on May 8, 2006 20:51:23 GMT -5
Their is a reason Ill. lease properties are soo high. If you want the best of anything, you will pay for it. Hey Woody, how much do you think Ill. made off of non-resident deer tags last year compared to Indiana? I personally think Indiana's overall Rules and Laws just plain suck compared to neighboring states. What does Indiana do to get the youth into hunting? Do they offer anything for them, besides the discount hunting licences? Indiana is light years behind, and they/we don't care! Lug Who cares what illinois makes off non-resident fees, the people who live there are out a whole bunch of land that otherwise might be available to them to hunt on because of outfitters, and lease prices. And if Indiana is light years behind-then good for us, and I DO care, just not like you do. I DO NOT hope to see Indiana get the kind of attention illinois has gotten, it`s what`s made the place a tough place to live and hunt. First off, our DNR says they cant buy property due to lack of funds, which in turns hurts us all. A non-resident hunter pays 3 times more for the same tag that a resident pays for it. The more non-residents sold=more profits for the DNR. Second, "if" our DNR was as rich as the illinois DNR is, we wouldn't have property that was orginally public hunting grounds closed to hunters,trappers and ATV'ers due to lack of funds to keep the program(s) running. If you wanna see a state that really has its act together, just take a look at Kentucky. Look up their fish and wildlife website, and you'd plainly see why they are light years ahead of our DNR. Our DNR claims they are going broke, why? Nobody want to come here to hunt,fish,or ride atv's. BTW that inturn is less business for our local business, including the little "mom and pop" shops the sell bait etc..... Lug
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Post by drs on May 9, 2006 6:24:32 GMT -5
DRS - I presently own a house and live on a 100 acre farm which is set up pretty decent for hunting, however I have been thinking pretty hard about picking up another patch of dirt in southern, IN for the following reasons: (a) It would give me a base of operations in some prime hunting and fishing country. (b) It would be one heck of a bunch of fun, great weekend get away, good place to entertain family and friends, etc. (c) Gives myself and friends another option for hunting, plus we don't have hardly any turkeys around here. (d) It would be a pretty solid way to invest some money, as there is little if any chance you would ever lose money on the deal. Assuming it was bought at a fair price. (e) Might make a good place to retire later. I'll take my chances on the place being unoccupied a great deal. Vandalism or damage are a threat no matter what you own and where. Take precautions and have things insured. Just something I've been kicking around. It makes perfect sense to me. Okay, "steiny, <GOOD LUCK to You! > Sounds like you already had your mind set on this future purchase
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Post by drs on May 9, 2006 6:34:30 GMT -5
Lugnutz, The reason "Nonresident" Sportsmen don't come to Indiana to hunt is due to the fact they can't find a place to hunt on. Same problem "Resident" Sportmen have. If this state would stop spending money on "Pork Barrel" projects like trying to build I-69, plus a host of other unneeded projects, then maybe there would be enough money for the IDNR to purchase or at least Lease land. But I am sitting here, at my PC, trying to figure out that while Indiana's Hunting areas are shinking; Kentucky's Hunting areas are increasing. They have ELK TOO!
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Post by parrothead on May 9, 2006 7:37:39 GMT -5
I agree with DRS. I have never had a car payment and never will. I bought 52 acres in Jennings Co. and paid cash for it I bought 55 acres in Jackson and paid cash. I will never buy something I can not pay cash for. I refuse to pay the interest payments. I teach school and my buddy and I buy house to fix up and build a few to sell. We started this 13 years ago and didnt know what we were doing and struggled to make the payments at first. It paid off and that is how I got the cash to pay for things. Now we can just pay cash for the houses and things we buy. I am currently saving for some more land in Jefferson or Switzerland Co. I dont have a problem with anyone who has to take out a loan most people do. As for my savings/retirement. I max out my ROTH every year and always have. I put $300 per check in my 403B at school plus I have my teachers retire. fund.
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Post by drs on May 9, 2006 9:06:00 GMT -5
I agree with DRS. I have never had a car payment and never will. I bought 52 acres in Jennings Co. and paid cash for it I bought 55 acres in Jackson and paid cash. I will never buy something I can not pay cash for. I refuse to pay the interest payments. I teach school and my buddy and I buy house to fix up and build a few to sell. We started this 13 years ago and didnt know what we were doing and struggled to make the payments at first. It paid off and that is how I got the cash to pay for things. Now we can just pay cash for the houses and things we buy. I am currently saving for some more land in Jefferson or Switzerland Co. I dont have a problem with anyone who has to take out a loan most people do. As for my savings/retirement. I max out my ROTH every year and always have. I put $300 per check in my 403B at school plus I have my teachers retire. fund. parrothead, I give you an A+ on your post and plans! The ONLY way one is going to survive these times is to STAY out of debt, and ONLY buy what you can pay CASH for. <GOOD LESSON FOR ALL!>
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Post by parrothead on May 9, 2006 9:41:18 GMT -5
Thanks, It took lots of hours of work and sacrifice to get there but I am glad I did it and that I am still doing it.
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Post by steiny on May 9, 2006 18:22:23 GMT -5
DRS & Parrothead - I can truly appreciate your ideas regarding paying cash for everything. Cash is king, no arguing that. I operate much the same way. However, I do believe that establishing good credit and using it wisely is another way a person can build personal wealth. Quite simply, use someone else's money to make some money for yourself. Things that might fall into this category would include business investments or real estate. Items I think one should never borrow for, would be items that depreciate, such as; toys, cars, vacations, etc., etc.
Curious .... What advice would you give a young person starting out in regards to housing? With the pay cash for everything attitude, would you recommend they rent until they have saved enough to pay cash for a home?
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Post by parrothead on May 10, 2006 6:33:45 GMT -5
Like I mentioned. I have not always been able to pay cash for stuff. The first 5-7 years we had payment either through a bank or with the owner when bought on contract. I would say number one live at home with mom and dad a few years and save up if possible.. I see to many young people that get out of college and go rent a $700 a month apartment. Also not everyone can pay cash and I realize that. We could not when we first got started. When you do have a house payment pay it by-weekly instead of every month. It saves you a bunch of money but banks wont tell you that. Another good thing to build credit, that my brother did for me when I was in college. He took me to the bank and co-signed on a 1500.oo loan. We said for college things. Two months later I paid it all off. We did that for 3 years in a row for different amounts. And to be honest at the time I didnt know why he/we were doing it. But my brother is tighter than bark on a tree. I dont know it all and dont claim to. I have made plenty of mistakes.
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Post by drs on May 10, 2006 6:53:00 GMT -5
DRS & Parrothead - I can truly appreciate your ideas regarding paying cash for everything. Cash is king, no arguing that. I operate much the same way. However, I do believe that establishing good credit and using it wisely is another way a person can build personal wealth. Quite simply, use someone else's money to make some money for yourself. Things that might fall into this category would include business investments or real estate. Items I think one should never borrow for, would be items that depreciate, such as; toys, cars, vacations, etc., etc. Curious .... What advice would you give a young person starting out in regards to housing? With the pay cash for everything attitude, would you recommend they rent until they have saved enough to pay cash for a home? I would never do this! We live in very uncertain times and while your idea might have been okay 30 or so years ago, it would be very risky today. I've know several individuals that have lost everything due to poor investments, and this is becomming more common in todays world of "Free Trade". My advice for a young person concerning housing; is to buy or rent within their means. Remember the cost of the house isn't the only expense, as there is upkeep, insurance utilities, and ofcourse taxes. A young person starting out might want to look into renting for a while atleast untill they get their college debts payed off. Don't know if you listen to Dave Ramsey radio show but he has some good ideas.
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Post by parrothead on May 10, 2006 6:55:40 GMT -5
Another one to listen to is Susie something on cable. What station is she on?
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Post by drs on May 10, 2006 6:56:30 GMT -5
Like I mentioned. I have not always been able to pay cash for stuff. The first 5-7 years we had payment either through a bank or with the owner when bought on contract. I would say number one live at home with mom and dad a few years and save up if possible.. I see to many young people that get out of college and go rent a $700 a month apartment. Also not everyone can pay cash and I realize that. We could not when we first got started. When you do have a house payment pay it by-weekly instead of every month. It saves you a bunch of money but banks wont tell you that. Another good thing to build credit, that my brother did for me when I was in college. He took me to the bank and co-signed on a 1500.oo loan. We said for college things. Two months later I paid it all off. We did that for 3 years in a row for different amounts. And to be honest at the time I didnt know why he/we were doing it. But my brother is tighter than bark on a tree. I dont know it all and dont claim to. I have made plenty of mistakes. Parrothead, EXCELLENT-EXCELLENT advice!!! If everyone would adopt your plans this country would be in much better shape!
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Post by drs on May 10, 2006 7:00:44 GMT -5
Another one to listen to is Susie something on cable. What station is she on? Not familiar with this "Susie". Our local station doesn't broadcast her show. Another good one is "For The People" show hosted by Chuck Harder, but you can only get him on the internet. You might want to check out his web sight: www.chuckharder.com His shows can be abit scarry sometimes but he is usually right.
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Post by parrothead on May 10, 2006 8:14:53 GMT -5
I found it Suze Orman show on CNBC. She has a call in show about money, investing, debt and getting out of it. Plus she is not to bad looking.
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Post by drs on May 10, 2006 8:46:38 GMT -5
I found it Suze Orman show on CNBC. She has a call in show about money, investing, debt and getting out of it. Plus she is not to bad looking. I'll have to check it out. ;D Thanks!
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Post by steiny on May 10, 2006 16:41:24 GMT -5
Suse Orman is cool! Lot's of good financial advice. Pretty basic "barnyard economics" type stuff.
Man DRS,you are conservative! You must have been stung bad in the past, or been pretty close to someone who has. Take the concept of borrowing money WISELY for sound business or investment reasons off the table, and you have eliminated a huge portion on economic development, growth and investment. It may not be your cup of tea, but a huge portion of society, including many of the wealthiest have built their wealth in this manner.
Now, before you go hacking on this concept, underline the words; Borrowing Money Wisely, and ... Sound Business or Investment Reasons. Dumb investments are just that ... DUMB, and you're probably going to lose your shirt regardless.
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Post by drs on May 11, 2006 9:20:53 GMT -5
You're right I am Conservative. No, I wasn't "Stung" by any bad investments. Many have though, especially in 1999 & 2000!!
This is true, but a great many have failed. As for the Wealthy, they only borrow money after doing a very comprehensive study of a possible investment. they also live within their means inorder to build wealth. BTW- if you should happen to borrow money to buy land for hunting, be aware that interest, on borrowed money, is NOT tax deductable as it won't be your primary residence. You'll have to live on the land to take advantage of the tax breaks.
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Post by duff on May 12, 2006 21:05:25 GMT -5
Borrowing money to invest is no more risky then using all your cash to do the same thing. Fact is it is probably the easiest way to build money if you don't have much to begin with. Like Steiny said a bad investment is a bad investment if you use your cash or someone elses. Know what you are getting into before you plunk out the big bucks.
Read the "Rich Dad, Poor Dad" series of books by Robert Kioski (sp?) The first two are easy to read and give a decent aproach to money management and popular misconceptions.
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