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May 22, 2024
11:27
:54
am
SnickSnack
All-American
Making money requires capital. Having capital when the right opportunity comes
along is life changing. Spending all your capital on things with no investment upside seems unwise. But that is just me. I probably wouldn’t like that book.
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SnickSnack
Bio page
SnickSnack
Joined
Dec 31, 2015
Last login
Nov 15, 2024
Total posts
6,893 (274 FO)
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Messages
Author
Time
I’ve always been the spender in the family. Wife was much more budget conscious. We just read Die With Zero.
RalphWiggam
Barkeep, another Mekong please
May 22, 11:19am
Might I interest you in the Human Fund? I can facilitate your donations to it.
scall
May 22, 11:23am
As Estate Taxes get more and more onerous, the argument of spending everything
mobicurious
May 22, 11:23am
The Estate Tax exemption is $13.6 million for 2024. 99% of people will not be
Mikey
May 22, 11:29am
My accountants are preparing me for a rapid drop in that exemption
mobicurious
May 22, 11:30am
The Trump tax benefits all sunset in 2025
Carnac
May 22, 11:35am
Yep, rich people have a lot of influence over politicians.
RexIdaCoug
May 22, 11:50am
Okay, so the exemption drops to $7 million so 98.5% will pay nothing
Mikey
May 22, 11:54am
Well, half of that 1.5% is on cougarboard don't ya know.
paulb
May 22, 12:01pm
Too slow by a half an hour....
paulb
May 22, 12:01pm
$14 million for a couple.
Acorn
May 22, 1:12pm
too low. OTOH, it means more planning for estate planners, so there's always an
Archaea
May 22, 1:13pm
But 99% of CB is above that threshold.
All-American
May 22, 11:31am
RE: But 99% of CB is above that threshold.
Mikey
May 22, 11:32am
As I lay dying in the hospital, I'll call my son over and whisper these final
Carnac
May 22, 11:25am
You got it all wrong.
Archaea
May 22, 11:29am
Ah yes... the Robert Kiyosaki strategy.
greatbam
May 23, 10:54am
RE: I’ve always been the spender in the family. Wife was much more budget
BlueKarma
May 22, 11:27am
I prefer the medieval style of passing everything to my first born
2FarGone
May 22, 11:27am
Or they can travel to the New World as conquistadors.
gopman
May 22, 1:34pm
Making money requires capital. Having capital when the right opportunity comes
SnickSnack
May 22, 11:27am
You wouldn't. I just finished it because I kept hearing about it. I found myself
CougarScrub
May 23, 10:39am
That’s nonsense. He doesn’t preach to be frivolous or spend irresponsibility at. You either missed the point of the book
RalphWiggam
May 23, 10:48am
Any book that pimps annuities….. yikes!!
HeyU
May 22, 11:27am
A better book IMO is "Just Keep Buying". Promotes a great balance between
Dangerous
May 22, 11:32am
Having not read the book, does it suggest donating any residual to charity?
Acorn
May 22, 11:37am
Yep - you may plan to die at 85, but live 10 more years
Dangerous
May 22, 12:05pm
The focus of the book is more about gifting while you are alive so that
sandtrapcougar
May 22, 12:11pm
Giving with a warm hand instead of a cold hand. Agree.
Acorn
May 22, 1:09pm
This book seems to be very popular. Kind of like books that say it's OK to drink
Japan Coug
May 22, 12:05pm
I suppose that’s something you could take from it. In a very superficial sense.
RalphWiggam
May 22, 12:36pm
I don't disagree with any of those points, in and of themselves. However, I
Japan Coug
May 22, 1:03pm
It's a decent message. We are saving less
Archaea
May 22, 1:12pm
I prefer my version of the book called “Die with $1M So I Don’t Run Out of Money
Jeff Spicoli
May 22, 12:08pm
This is the way.
Adwight
May 22, 12:16pm
It seems like this concept equates spending and happiness. However, most studies
Spine
May 22, 2:22pm
THIS. Struggling a little as a young adult is something that develops you into a
CougarScrub
May 23, 10:54am
If we have money left when we both die, it goes to my kids PERIOD
BYU Grounds
May 22, 4:07pm
Which is great. One of the messages of the books is leave money to your kids if you can. But do it when it is more
RalphWiggam
May 22, 6:16pm
Well I am not that rich and the greatest asset I'll have to pass on is our house.
BYU Grounds
May 22, 7:04pm
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