32 years old here, from holland.. and stacking for a year now, loving the ride so far :) Thinking in ounces of Silver instead of cases beer these days..... ;)
+silverfish VT 2 years later, still completely valid. I pulled my head out a couple of years ago, quit spending and started saving. Now I consider every red cent that goes out and have recently begun to investigate PMs. Many thanks for the sane, measured thoughts. My only regret is that I didn't realize this years ago. Great video, thanks for all your work.
The Richest Man in Babylon. Have you read it? Discusses the five laws of gold (and silver by default). Don't sacrifice too much. You still want to live. Becoming obsessed with living completely miserly is unhealthy. Follow the 10% rule (save that first). Enjoy life with the rest. If more is left over, then you can save more. But as you said --- each to their own. Every person has their own quest. Whether it be a massive Lego collection, a new car or a silver stack the size of a skyscraper!
Thanks so much for the videos...This one in particular really hit home. I used to be THAT guy that had to be flashy and have all the latest and greatest stuff and now I'm more worried about my future and retirement. I have made silver my biggest vehicle. I hope my pension and 401k will be enough but I'm putting my faith in silver right now. I know I'm not the only one. Your videos are awesome and I really feel like you are drawing a roadmap for all of us. Thank You, Frank
Great video. You have inspired me to get back to basics. Blessings to you and your family. You are providing your family with security, and that's the best thing you can do for them
Excellent video and points you made in it. Most folks don't seem to understand that, "savings is denied consumption". Not wise to live up to or beyond one's means. A plan to regularly add to your stack, even if only modestly, goes quite a distance in time. You are smart to be frugal and financially responsible.
Thank you for this. I've watched this video a bunch of times and it inspires me greatly. This video and another by a different person I watch at least twice a week. I've never had a savings account but that has changed. You help me to continue to go forward and perceive money differently. I blew so much money in my 20s. Thank god I've never got into debt, but it still saddens me to think that at least half of that spent cash was a complete and utter waste. But yeah, thank you for sharing this! It at least touched me and I'm sure it touched others as well.
Keep doing the videos the way you want to do them i love watching them. I hate people complaining about the way you do your videos or what u talk about. Your videos are great if they dont like it they don't have to watch.
How to get more silver-for most people stop smoking and or going bars every weekend. Everyone else who does not smoke or drink, cut back on eating out,and rec activities that you spend money on.
You're right to the point!!!!! Silverfish, I'm 50, and you're exactly right and I've done the same in my life... I enjoy your videos, I just wish I had thought about stacking 10 years ago or saw your vids 2 years ago... but, I say it's never too late... Thanks!!!
i started seeing the world in a different financial way after silver stacking. now i save money whenever i can because money is silver. silver is retirement.
I started doing research on investing in silver at the beginning of this year and believe it has a great potential to preserve wealth. As a college student, I do not have a lot of cash. I now have a summer job to bring in money to buy silver. And actually, I just bought my first ounce ounce of silver today. I also just found your channel and subed.
Just viewing old videos, I have already watched this a couple of times, I find myself now thinking along these sames lines, I first viewed this video, while deciding to buy silver or not, this video really helped me to decide...now I am on my way...Thanks for sharing this silverfish VT
I wish I would of found this video before I bought my brand new car. I had a perfect running car, and I wanted a new car. My payment is now $484 a month for 5 years, when I look at it in terms of silver it's kind of sad. Another good video silverfish
If you can't pay cash you can't afford it. Simple as that. $484 a month for 5 years on 10% interest rate (gross stock mutual fund, set of stocks, p2p lending or anything else) makes $37,500. Then if you keep that $37,500 in some sort of investment with no more monthly payments! that makes almost $100,000. In general you are missing the opportunity to have $100,000 in 15 years, buy buying that new car. You need Dave Ramsey
You are right, there will always be critics. I promised myself to be thick skinned going in to this, realizing that there would be criticism. Thank you for the encouragement.
***** Yes. That is true.. If you stack and stack and stack it will consume you. Stacking is good, Stacking is great.. However. we all need to remember that we cant take it with us when we check out...
I'm with you, My SUV is a 1998, but its in mint condition & i luv it. 2 yrs ago, i learned to cut my own hair so i could afford a little silver. I've poured my time into work & raising my son & I made silver a priority. People are frustrated with the drop in the silver price, but for me its an answer to a prayer. Someday it'll pay off.
Hi silverfish VT, You've written a few times about how to squeeze the most out of your budget, getting rid of waste and so on. I didn't think there was much waste in my monthly spend, but after using the fine toothed comb, I've found around $250 a month easily. You also spoke about tactical credit card usage. By opting to make purchases by CC and repaying before the interest free period expires, I'm saving $5 - $20 every couple of months, depending on purchases. Of course it's really important to track those expenses, so everything goes into a spreadsheet. That might not seem much but that money comes off the mortgage and it's basically free, all for just maximising the benefits of the interest free period. So thanks! Now the bank is paying me to use their credit card. And that's without any signup benefits.
It all comes down to priorities. Some people put coffee and ciggs before anything else. I decided, like you, that I need to have SOMETHING to fall back on. I don't make that much and a savings? Hah, forget about that, once I lost my job I had to cash all those savings in. I guess I'm "one of those". However, I know with silver/gold I will get to 'cash it in' someday and that's comforting. Now that I'm back to working I can afford to start saving again. I started a garden to cut back on food bill
Hey @silverfishVT I'm 4 years into this stacking thing and I'm totally addicted. And I just heard about you and your channel. And i know you don't do videos anymore but I really want to say I've been watching and learning. And really like your mind set and how you think about life and savings. Thanks..
I completely understand your method of saving / cutting back. I don't even buy soda/pop anymore (except two days ago but the promo going on made it free). It is rare that I buy certain items at the grocery store unless it is on sale - unless it is a true necessity as in milk for cereal. Pet food - on sale only - and I do buy extra which leads to having enough while I wait for the next sale. All the extra money I've saved while following this process goes to my next silver purchase.
I live right outside of Homosassa. Thats awesome man. Im setting up a goal sheet for 2014 now because I saw your planning sheet video for this year. Im a newbie at stacking. I only have a couple ounces. Im very excited about stacking. Can't wait to see what I have a year from now
She was always more frugal than me, Ive gone the other way. There has been friction at times, because some of my buys have been bigger than normal, but she understands.
I'm from Miami. Gotta love the Marlins Park cheap ticket prices. Even getting FL resident discounts at Universal/Islands, Sea World, Disney, etc you still drop like 400-500 on the trip even when your brother-in-law has a house with plenty of guess rooms lol. That's almost a full tube of American Silver Eagles or a 1/4 oz Gold Eagle.
My question is How do you Sell silver if you have lots of it? If i have 60k in silver and i want to buy a house or a new car, who do i sell that much silver?
FastEddie, of course my stack has lost some value in dollar terms down here. But, this is why I stress buying different types of silver. My Perth mint bullion has held its value, along with many other coins that I have. Im in year 2 of a 20 year program. Its still the first inning for me, and Im not sweating it.
Very true, we are building discipline, that should serve us well when its necessary. My father keeps saying "we'll be fine", but, I know that he has never shown that he can manage money. Sadly, I know that the opposite will be true, until reality FORCES him to actually change.
I am like your Canadian counterpart. I used to be all about consumer goods, and if you go back and take a look at my youtube channel you will see most of it were Technology unboxings and reviews because i was addicted to that "high" of buying new. I still love my tech but think in Silver and gold now.
Absolutely, the tickets have been good to me for quite a few years now. It WAS shooting fish in a barrel 4-5 years ago, you have to be a little more careful now.
I have the exact same philosophy towards guns and ammo/mags. Especially guns that don't require paperwork to sell, these are prime investment pieces. SKSs used to run $75-$100 back in the 1980s. You can sell these for about $400 normally and $700 during a scare. I just bought 14 PMAGs for $12.95 apiece and can easily turn them around for $25-$35. I like being in several markets at any given time since staying in a stagnant market is no fun.
Silverfish I also just stack silver at this point because I believe it is so under valued at the moment, great for stacking of course. The other day I did the math and the silver I purchased was at a ratio of 67:1 against gold when historically it should be 12:1 to 16:1 Should the time come that Silver closes the gap again with gold, I might convert some silver to gold, but until then, I'll probably stick with silver.
It doesn't matter what you income is you should put aside AT LEAST 10% (hopefully more) from EVERY paycheck immediately and once it builds up to a certain amount buy some silver. That's what I've been doing and I'm at just under 1000 oz of silver right now. It's a great feeling. Way better than money in the bank.
I thought the whole idea of buying precious metals though was to preserve your current wealth. It doesn't necessarily make you any richer, though in an inflationary environment we'll be 'richer' relative to someone with only paper dollars.
I am on a state pension, something akin to welfare, and yet I manage to stack silver, some gold and collectables. It's a bit like eating your dinner, a bit at a time. Ok, I have now got around 100 oz, but if SHTF it is a whole lot better than nothing.
I got out of debt, that took me over a year to execute. Cut down drinking binges with my buddies in bars (now we drink at each others homes), not going to restaurants anymore, stopped buying music CDs, growing my own vegetables in the garden...me and the Mrs are earning $20k a year (southeastern Europe).
As a seaworld employee, I can hook you up with some half off tickets if you come back. Oh and I'm going to Boston in July for a Yankees game and payed a ton! Haha thanks for the vid
I've been stacking hard since 2006, with no debt...mortgage money goes into silver each month..pounding...i can see why Howard Hughes and some go nuts...at what point is enough silver, enough money...I'm almost going overboard...i'll never be able to unwind it all before i die. I'm 50 going to retire at 55...and still work for myself on my own special projects...be the boss, hire people.
Thats right but Assets - Liabilities = Net Worth . Adding more to cash to the left side of the equation (Living expenses netted against income) can increase wealth aslong as you do not incur any additional liabilities. Silver is a hedge against inflation as it is just another form of money but adding to it will also increase your net worth
Ed Wood Yup, that was a newbie mistake. I noticed on Ebay, that people paid a little more premium for Eagles in Airtites, and at first, I wanted to keep everything pristine.
You have to follow your parents rules while living with them. Just prepare for the day that you are on your own. Silver isnt going away, you have your whole life to stack. Show them that you will work harder, and negotiate a higher monthly limit
I'm young and do this same thing. Is it bad to refuse to buy unneeded things this young. Like a year ago I would blow money, now if it isn't a PM I have trouble buying it lol
Ure definitely dedicated. Ure spot on w/ great rips. Consumerism makes my stomach turn. What I like to think a out is this hypothetical : if soneone saved the money from getting a $3 coffee, or a pack of smokes, or lottery tickets every day for decades, they would have saved at least 25,000. That's a small fortune. Once u get there, then ud be happy u didn't get a coffee every day
You sound pretty similar to me :) I have no car payments and my mortgage payments are so low its laughable! In fact, i spend more on diesel each week than my mortgage lol. I guess we got really lucky when we bought our as we bought at the perfect time. I'm also always on the look out to make extra money for nothing.....we get clubcard vouchers with our shopping every few months and i always use them to buy certain deals that i know i can sell on ebay for double :) it always works! FREE MONEY :)
When you mentioned going down to FLorida and spending time at Homosassa Springs I expected you to mention stopping by the Gainsville Coins physical store, which it turns out is just down the street from where I live. Small world.
We actually talked about doing just that, but it never worked out. You know how it is on vacation, the budget seems stretched, time is at a premium to get everything in, etc. But, yeah, I wish that we had.
I will be diversified. You are seeing me in PM buying mode. But, I have a healthy 401K, and I will take out just enough to stay in the lowest tax bracket, and sell a little silver and gold to meet my needs.
Not when the tax man takes a huge bite out of your earnings. 50k, 60k, 70k, whatever does not seem like it is. Consider taxes, family expenses. Lifestyle choices. One, two, three kids and there is less spending money than say a guy who makes 20k with no family. etc. If you live in Europe the government takes almost 50% of earnings.
I consider myself a higher class poor person or maybe low middle class I feel it is even more important to stack silver the less income you make because it's the only investment you can make when you have the money 401k they take that money no matter if your electric bill needs paid or not but you do not have to buy it a silver round if you do not have it
When the market continues to go up there will be enough collective profit-taking when they feel it's about to go down and there's a rush to gold that holds that value. The supply isn't enough and the demand will be too high. The physical market will go to record highs. There's enough demand to certainly make one rich...except in hyperinflation then there's nothing to compare it to, paper is dusted. By then food will be too expensive yet loans paid overnight if you have a job still.
If sleeping on goodwill sheets nets me 5 more ounces of silver, sign me up! In all seriousness, I have talked many times of the joys in life that I have. What can I say, you will get the good and the bad.
Prepare for the worst and prepare for the best. If the market doesn't crash your screwed. I invest in PMs and stock so I will be prepared for both situations. Yes putting all your money in equities is idiotic, but so is putting it all in PMs.
Good, no nonsence strategy..Hard to argue against.. Ever thought about a later stage of your life when time to trade the shinny back to dollars comes? Any chance that by the time it happens you find yourself too "attached'" to these Perth Mint kilo coins. I know for my-self I sometime buy plain Maples on purpose to kind of keep distance with my silvber and keep seeing at as an asset I can likquidate without a second thought.
At various points in the next 5-10 years silver is NOT going to be close to $15. The easiest reason is that oil is going to always go up and at $15 the miners couldn't mine.
32 years old here, from holland.. and stacking for a year now, loving the ride so far :)
Thinking in ounces of Silver instead of cases beer these days..... ;)
Mcwidow ik ook. Wat koop jij?
+silverfish VT 2 years later, still completely valid. I pulled my head out a couple of years ago, quit spending and started saving. Now I consider every red cent that goes out and have recently begun to investigate PMs. Many thanks for the sane, measured thoughts. My only regret is that I didn't realize this years ago. Great video, thanks for all your work.
+Dave Atkinson Thank you Dave
The Richest Man in Babylon. Have you read it? Discusses the five laws of gold (and silver by default). Don't sacrifice too much. You still want to live. Becoming obsessed with living completely miserly is unhealthy. Follow the 10% rule (save that first). Enjoy life with the rest. If more is left over, then you can save more.
But as you said --- each to their own. Every person has their own quest. Whether it be a massive Lego collection, a new car or a silver stack the size of a skyscraper!
Thanks so much for the videos...This one in particular really hit home. I used to be THAT guy that had to be flashy and have all the latest and greatest stuff and now I'm more worried about my future and retirement. I have made silver my biggest vehicle. I hope my pension and 401k will be enough but I'm putting my faith in silver right now. I know I'm not the only one. Your videos are awesome and I really feel like you are drawing a roadmap for all of us. Thank You, Frank
Great video. You have inspired me to get back to basics. Blessings to you and your family. You are providing your family with security, and that's the best thing you can do for them
Excellent video and points you made in it. Most folks don't seem to understand that, "savings is denied consumption". Not wise to live up to or beyond one's means. A plan to regularly add to your stack, even if only modestly, goes quite a distance in time. You are smart to be frugal and financially responsible.
Thank you for this. I've watched this video a bunch of times and it inspires me greatly. This video and another by a different person I watch at least twice a week. I've never had a savings account but that has changed. You help me to continue to go forward and perceive money differently. I blew so much money in my 20s. Thank god I've never got into debt, but it still saddens me to think that at least half of that spent cash was a complete and utter waste. But yeah, thank you for sharing this! It at least touched me and I'm sure it touched others as well.
Keep doing the videos the way you want to do them i love watching them. I hate people complaining about the way you do your videos or what u talk about. Your videos are great if they dont like it they don't have to watch.
I like that you're not afraid to live your passion...Like you said that's a personal odyssey
Very nice, SVT. Your philosophy is essentially the same as mine. I try to cut unnecessary expenses wherever possible.
The writing is on the wall Silverfish and your explanation nailed it for men in our age group.
Your tactics are inspiring! Keep it up man, I look forward to that big order you purchased.
How to get more silver-for most people stop smoking and or going bars every weekend. Everyone else who does not smoke or drink, cut back on eating out,and rec activities that you spend money on.
You're right to the point!!!!! Silverfish, I'm 50, and you're exactly right and I've done the same in my life... I enjoy your videos, I just wish I had thought about stacking 10 years ago or saw your vids 2 years ago... but, I say it's never too late... Thanks!!!
My favorite youtuber! This video always inspires me. Keep it up.
i started seeing the world in a different financial way after silver stacking. now i save money whenever i can because money is silver. silver is retirement.
I started doing research on investing in silver at the beginning of this year and believe it has a great potential to preserve wealth. As a college student, I do not have a lot of cash. I now have a summer job to bring in money to buy silver. And actually, I just bought my first ounce ounce of silver today. I also just found your channel and subed.
Just viewing old videos, I have already watched this a couple of times, I find myself now thinking along these sames lines, I first viewed this video, while deciding to buy silver or not, this video really helped me to decide...now I am on my way...Thanks for sharing this silverfish VT
Wow, didn't think I'd get a whole life philosophy point of view like this.... Was amazing to hear your journey ! Thanks for the tips =)
I wish I would of found this video before I bought my brand new car. I had a perfect running car, and I wanted a new car. My payment is now $484 a month for 5 years, when I look at it in terms of silver it's kind of sad. Another good video silverfish
That's over 1450 oz of silver bullion at current prices. Don't you wish you kept your old car?
If you can't pay cash you can't afford it. Simple as that. $484 a month for 5 years on 10% interest rate (gross stock mutual fund, set of stocks, p2p lending or anything else) makes $37,500. Then if you keep that $37,500 in some sort of investment with no more monthly payments! that makes almost $100,000. In general you are missing the opportunity to have $100,000 in 15 years, buy buying that new car. You need Dave Ramsey
You are right, there will always be critics. I promised myself to be thick skinned going in to this, realizing that there would be criticism. Thank you for the encouragement.
Thank you LoneAxiom, I actually have already done the unboxing, it was my "buy one get one free" video.
Some great stream of thought observations, enjoyed the vid.
Stack as much as you can, just don't skimp yourself... You must reward yourself every once in a while...
***** Yes. That is true.. If you stack and stack and stack it will consume you. Stacking is good, Stacking is great.. However. we all need to remember that we cant take it with us when we check out...
I'm with you, My SUV is a 1998, but its in mint condition & i luv it. 2 yrs ago, i learned to cut my own hair so i could afford a little silver. I've poured my time into work & raising my son & I made silver a priority. People are frustrated with the drop in the silver price, but for me its an answer to a prayer. Someday it'll pay off.
Thank you Frank, we are very like minded, to be sure.
Hi silverfish VT,
You've written a few times about how to squeeze the most out of your budget, getting rid of waste and so on. I didn't think there was much waste in my monthly spend, but after using the fine toothed comb, I've found around $250 a month easily. You also spoke about tactical credit card usage. By opting to make purchases by CC and repaying before the interest free period expires, I'm saving $5 - $20 every couple of months, depending on purchases. Of course it's really important to track those expenses, so everything goes into a spreadsheet.
That might not seem much but that money comes off the mortgage and it's basically free, all for just maximising the benefits of the interest free period.
So thanks! Now the bank is paying me to use their credit card. And that's without any signup benefits.
please come back silverfish
Its a journey my friend, and a fun one at that.
It all comes down to priorities. Some people put coffee and ciggs before anything else. I decided, like you, that I need to have SOMETHING to fall back on. I don't make that much and a savings? Hah, forget about that, once I lost my job I had to cash all those savings in. I guess I'm "one of those". However, I know with silver/gold I will get to 'cash it in' someday and that's comforting. Now that I'm back to working I can afford to start saving again. I started a garden to cut back on food bill
Hey @silverfishVT I'm 4 years into this stacking thing and I'm totally addicted. And I just heard about you and your channel.
And i know you don't do videos anymore but I really want to say I've been watching and learning. And really like your mind set and how you think about life and savings. Thanks..
I completely understand your method of saving / cutting back. I don't even buy soda/pop anymore (except two days ago but the promo going on made it free). It is rare that I buy certain items at the grocery store unless it is on sale - unless it is a true necessity as in milk for cereal. Pet food - on sale only - and I do buy extra which leads to having enough while I wait for the next sale. All the extra money I've saved while following this process goes to my next silver purchase.
I live right outside of Homosassa. Thats awesome man. Im setting up a goal sheet for 2014 now because I saw your planning sheet video for this year. Im a newbie at stacking. I only have a couple ounces. Im very excited about stacking. Can't wait to see what I have a year from now
Love your videos silver, keep them coming.
I paid for my Pamp Suisse kilo bar with the cash back I received on my credit card.
VIDEOSUPERHIGHWAY that's what I'm doing I'm using my cash back rewards
I will have a tier system when it comes time to sell. You are right, some of this stuff might be inheritance material.
Thank you Tinfoilhatgirl, it means a lot that you enjoy my videos!
She was always more frugal than me, Ive gone the other way. There has been friction at times, because some of my buys have been bigger than normal, but she understands.
Well said man, I feel the exact same.
I'm from Miami. Gotta love the Marlins Park cheap ticket prices. Even getting FL resident discounts at Universal/Islands, Sea World, Disney, etc you still drop like 400-500 on the trip even when your brother-in-law has a house with plenty of guess rooms lol. That's almost a full tube of American Silver Eagles or a 1/4 oz Gold Eagle.
It is freedom for us, no question. It takes away a lot of fear that it could be taken from us.
My question is How do you Sell silver if you have lots of it? If i have 60k in silver and i want to buy a house or a new car, who do i sell that much silver?
FastEddie, of course my stack has lost some value in dollar terms down here. But, this is why I stress buying different types of silver. My Perth mint bullion has held its value, along with many other coins that I have. Im in year 2 of a 20 year program. Its still the first inning for me, and Im not sweating it.
Very true, we are building discipline, that should serve us well when its necessary. My father keeps saying "we'll be fine", but, I know that he has never shown that he can manage money. Sadly, I know that the opposite will be true, until reality FORCES him to actually change.
It is, some say that we arent living, I simply say that I dont need some of the things that trap others.
That's a good little hustle-$1,000 profit for baseball tickets :)
I liked when you said "empty consumerism just gives you a sugar rush" so true.
I am like your Canadian counterpart. I used to be all about consumer goods, and if you go back and take a look at my youtube channel you will see most of it were Technology unboxings and reviews because i was addicted to that "high" of buying new. I still love my tech but think in Silver and gold now.
Absolutely, the tickets have been good to me for quite a few years now. It WAS shooting fish in a barrel 4-5 years ago, you have to be a little more careful now.
Thank you very much, I really appreciate it!
I followed your advice and got a new credit card for a $100 bonus. Plus I cashed out old point on a card I was going to cancel. Thanks for the tips.
I have the exact same philosophy towards guns and ammo/mags. Especially guns that don't require paperwork to sell, these are prime investment pieces. SKSs used to run $75-$100 back in the 1980s. You can sell these for about $400 normally and $700 during a scare.
I just bought 14 PMAGs for $12.95 apiece and can easily turn them around for $25-$35.
I like being in several markets at any given time since staying in a stagnant market is no fun.
Just wanted to stop by and say I miss you and your perspective. Hope all is well with you and your family. Been years VT, COME BACK!
Thank you James. Things are fine, and I appreciate you stopping by!
Very good video thank you so much for making it
Silverfish I also just stack silver at this point because I believe it is so under valued at the moment, great for stacking of course. The other day I did the math and the silver I purchased was at a ratio of 67:1 against gold when historically it should be 12:1 to 16:1
Should the time come that Silver closes the gap again with gold, I might convert some silver to gold, but until then, I'll probably stick with silver.
Good plan Rrobi!
Ive been hammering that for quite a few years now, the money always went to something else. Now? Silver.
Its true, the most common sense approach, escapes most people. In all fairness, I figured it out pretty late in life.
It doesn't matter what you income is you should put aside AT LEAST 10% (hopefully more) from EVERY paycheck immediately and once it builds up to a certain amount buy some silver.
That's what I've been doing and I'm at just under 1000 oz of silver right now.
It's a great feeling. Way better than money in the bank.
I thought the whole idea of buying precious metals though was to preserve your current wealth. It doesn't necessarily make you any richer, though in an inflationary environment we'll be 'richer' relative to someone with only paper dollars.
I am on a state pension, something akin to welfare, and yet I manage to stack silver, some gold and collectables.
It's a bit like eating your dinner, a bit at a time. Ok, I have now got around 100 oz, but if SHTF it is a whole lot better than nothing.
42-43k, I also have two kids and the costs for health care, and food, and school needs are a killer.
I got out of debt, that took me over a year to execute. Cut down drinking binges with my buddies in bars (now we drink at each others homes), not going to restaurants anymore, stopped buying music CDs, growing my own vegetables in the garden...me and the Mrs are earning $20k a year (southeastern Europe).
Very nice, getting out of debt, is financial freedom!
As a seaworld employee, I can hook you up with some half off tickets if you come back. Oh and I'm going to Boston in July for a Yankees game and payed a ton! Haha thanks for the vid
I've been stacking hard since 2006, with no debt...mortgage money goes into silver each month..pounding...i can see why Howard Hughes and some go nuts...at what point is enough silver, enough money...I'm almost going overboard...i'll never be able to unwind it all before i die. I'm 50 going to retire at 55...and still work for myself on my own special projects...be the boss, hire people.
Rock solid! It would take a 6.0 earthquake to see camera shake now!
We have the same road ahead of us buddy!
Thats right but Assets - Liabilities = Net Worth . Adding more to cash to the left side of the equation (Living expenses netted against income) can increase wealth aslong as you do not incur any additional liabilities. Silver is a hedge against inflation as it is just another form of money but adding to it will also increase your net worth
If you're not paying for something, you're not the customer; you're the product being sold.
I feel very similar to you except for gold! I am a total gold bug. Silver doesn't interest me much but I do buy it when it goes below 16 an ounce.
Idea for free money: don't buy airtites for Eagles
Ed Wood Yup, that was a newbie mistake. I noticed on Ebay, that people paid a little more premium for Eagles in Airtites, and at first, I wanted to keep everything pristine.
You have to follow your parents rules while living with them. Just prepare for the day that you are on your own. Silver isnt going away, you have your whole life to stack. Show them that you will work harder, and negotiate a higher monthly limit
I'm young and do this same thing. Is it bad to refuse to buy unneeded things this young. Like a year ago I would blow money, now if it isn't a PM I have trouble buying it lol
Ure definitely dedicated. Ure spot on w/ great rips. Consumerism makes my stomach turn. What I like to think a out is this hypothetical : if soneone saved the money from getting a $3 coffee, or a pack of smokes, or lottery tickets every day for decades, they would have saved at least 25,000. That's a small fortune. Once u get there, then ud be happy u didn't get a coffee every day
You sound pretty similar to me :) I have no car payments and my mortgage payments are so low its laughable! In fact, i spend more on diesel each week than my mortgage lol. I guess we got really lucky when we bought our as we bought at the perfect time. I'm also always on the look out to make extra money for nothing.....we get clubcard vouchers with our shopping every few months and i always use them to buy certain deals that i know i can sell on ebay for double :) it always works! FREE MONEY :)
You cant beat that free money! Nice job buddy!
When you mentioned going down to FLorida and spending time at Homosassa Springs I expected you to mention stopping by the Gainsville Coins physical store, which it turns out is just down the street from where I live. Small world.
We actually talked about doing just that, but it never worked out. You know how it is on vacation, the budget seems stretched, time is at a premium to get everything in, etc. But, yeah, I wish that we had.
I will be diversified. You are seeing me in PM buying mode. But, I have a healthy 401K, and I will take out just enough to stay in the lowest tax bracket, and sell a little silver and gold to meet my needs.
Very inspirational, Tnx
Great video.
That would be awesome, we will be coming back. Let me know, and a Shamu ice cream on me! lol. Seriously, that would be great.
Sounded like you really looked over your shoulder... Huh... Great video.
When its needed, slowly start to sell some, to meet your retirement needs.
that was a badass ending
Thank you!
It was pretty fun.
Not when the tax man takes a huge bite out of your earnings. 50k, 60k, 70k, whatever does not seem like it is. Consider taxes, family expenses. Lifestyle choices. One, two, three kids and there is less spending money than say a guy who makes 20k with no family. etc. If you live in Europe the government takes almost 50% of earnings.
I Take all My pocket Change & Put in Bowl on Dresser then Buy Silver. Adds up fast I Never spend Change
That's Just How He Rolls !!!
I consider myself a higher class poor person or maybe low middle class I feel it is even more important to stack silver the less income you make because it's the only investment you can make when you have the money 401k they take that money no matter if your electric bill needs paid or not but you do not have to buy it a silver round if you do not have it
its all about sacrifice for the future a worthy investment
Theres a million of them, but its nice to save that hundred bucks on it!
I want to spend more money on silver but my parents restrict me to a very small monthly limit . :(
When the market continues to go up there will be enough collective profit-taking when they feel it's about to go down and there's a rush to gold that holds that value. The supply isn't enough and the demand will be too high. The physical market will go to record highs. There's enough demand to certainly make one rich...except in hyperinflation then there's nothing to compare it to, paper is dusted. By then food will be too expensive yet loans paid overnight if you have a job still.
If sleeping on goodwill sheets nets me 5 more ounces of silver, sign me up! In all seriousness, I have talked many times of the joys in life that I have. What can I say, you will get the good and the bad.
Is your wife really on board with all of this? If so, what a catch man! I am happy for you guys.
Prepare for the worst and prepare for the best. If the market doesn't crash your screwed. I invest in PMs and stock so I will be prepared for both situations. Yes putting all your money in equities is idiotic, but so is putting it all in PMs.
Good, no nonsence strategy..Hard to argue against.. Ever thought about a later stage of your life when time to trade the shinny back to dollars comes? Any chance that by the time it happens you find yourself too "attached'" to these Perth Mint kilo coins. I know for my-self I sometime buy plain Maples on purpose to kind of keep distance with my silvber and keep seeing at as an asset I can likquidate without a second thought.
Let the tripod era begin!
At various points in the next 5-10 years silver is NOT going to be close to $15. The easiest reason is that oil is going to always go up and at $15 the miners couldn't mine.
Cleared 6 Gz on Bo sox ticks? Good job!