Results 1 to 20 of 24

Advice for the 18 year old scrapper

| A Day in the Life of a Scrapper

Threaded View

  1. #2
    SMF Badges of Honor




    Member since
    Jul 2011
    Location
    Jacksonville, NC
    Posts
    4,918
    Thanks
    15,581
    Thanked 5,845 Times in 2,707 Posts
    I am a supporter of the Dave Ramsey way of personal finance, he has a web site and a radio program. His focus is on paying off your bills first before investing but he also pushes the slow but sure way of investing.

    Once you are debt free life really does get better.

    And in direct response to Copper Head's post I say starting early is the best way, time if on your side. To those who believe the concerns of the stock market loosing money I suggest you look at history the market has grown long term constantly.

    Dow Jones on Friday Feb 16, 2018 25,219.38. Dow Jones was about 5400 June 1971, the year I graduated from high school. At that time a stock broker would not talk to you with less than $10,000 in your hand. The stock market was only for the rich.



    Now anyone can open an account and show up $100 and start investing. There have been some real improvements.

    On 1 April my father will be 97 years old and he stays in a nursing home that since he has some money costs him about $5000 per month.

    Do not take the defeatist attitude "I can't do anything so why should I try". Cooper Head has supplied you with a way not to retire poor, in fact you would likely retire wealthy if you follow his advise. 73, Mike
    "Profit begins when you buy NOT when you sell." {quote passed down to me from a wise man}

    Now go beat the copper out of something, Miked

  2. The Following 8 Users say Thank You for This Post by miked:


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook