Recruiting Football Talk VIII

[mrMet]

The Grey's are mid, but the black is the best jersey we have.

The orange tops are the best jersey we have

 

[Orange_Crush]

...And having emergency savings and great insurance are things people would be better equipped for if they had not spent 10 years draining wealth with extensive car payments.

He's right, you know.

 

[PlanetVolunteer]

I mean it's whatever really, but wearing gray when it's finally football time in TN again is dumb. Would've looked cooler against Kent St at night.

 

[Glitch]

We save dark mode for the Natty

Boomers be like...

 

[Glitch]

I wish tickets and parking was cheaper

 

[Glitch]

I've started skipping pages. It's kind of nice avoiding the bad jokes. Maybe it was @drvenner 's bad humor making me feel unwell?

 

[Enki_Amenra]

I've started skipping pages. It's kind of nice avoiding the bad jokes. Maybe it was @drvenner 's bad humor making me feel unwell?

It could also be the uncooked puppy meat. . .

 

[TheMookieMonster]

Guess we will see if he's correct.

He got this info from VQ. TIFWIW but a supposed “insider” on VQ that the posters there seem to trust is saying Tony V’s new contract is going to be announced soon with an AAV of $3 million.

 

[TitanicVolz]

 

[UTK]

The Grey's are mid, but the black is the best jersey we have.

The current Smokey grays are pretty fire. I don’t know if they overtake dark mode but it’s close

 

[Glitch]

I have been doing a T-bill ladder for the last year and it has been really good.

Muni Bond ladder here. One bond matures every 3 months and a new one is purchased to replace it automatically.

 

[Jackcrevol]

Guess we will see if he's correct.

Something tells me Richard West has dirt on someone in AD. That, or he's turning tricks, ive got money on latter.

 

[Glitch]

It could also be the uncooked puppy meat. . .

 

[Glitch]

Something tells me Richard West has dirt on someone in AD. That, or he's turning tricks, ive got money on latter.

 

[Jackcrevol]

The white tops are the best jersey we have

 

[TheMookieMonster]

Something tells me Richard West has dirt on someone in AD. That, or he's turning tricks, ive got money on latter.

He reads VQ. That is his dirt.

 

[Enki_Amenra]

Just as I wished it to be!

 

[JCVol00]

I would have preferred to wear the smokey grays at a night game, but I understand why they’re wearing them for utc since theyre an instate school and the uniforms are state themed

 

[msanford52]

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[jave36]

With inflation the way it has been, I'm almost tempted to take a chunk and buy physical gold. Thoughts?

Eh, never been a fan of gold, but it's hard to imagine it won't spike when interest rates start to go down. I don't know if the gold market has priced in rate cuts yet like the SP 500 seems to have done.

I admittedly have stayed away from it mostly because the scammy-seeming infomercials that always pitch gold seem so sketchy. I haven't put a lot of research into it.

 

[jave36]

He got this info from VQ. TIFWIW but a supposed “insider” on VQ that the posters there seem to trust is saying Tony V’s new contract is going to be announced soon with an AAV of $3 million.

You mean he doesn't have sources outside of mining message boards?!?!?!?!

 

[jave36]

He reads VQ. That is his dirt.

Exactly. He reads message boards and then posts his findings on twitter. That's it.

 

[TheMookieMonster]

Exactly. He reads message boards and then posts his findings on twitter. That's it.

He used to just post fake info but once people figured that out he decided to change his shtick and post a decent amount of true information he gleans from message boards to build credibility so that the next time he posts some BS it is more likely to go viral because people will believe it to be true.

Honestly, it’s smart. Just exhausting to think someone takes the time to do all that for online clout.

 

[jave36]

He used to just post fake info but once people figured that out he decided to change his shtick and post a decent amount of true information he gleans from message boards to build credibility so that the next time he posts some BS it is more likely to go viral because people will believe it to be true.

Honestly, it’s smart. Just exhausting to think someone takes the time to do all that for online clout.

Sad. But I think you're exactly right. And the massive amount of attention he gains is probably why he keeps doing it. I guess I should hate the game more than the player, but both annoy the heck out of me.

 

[Jack Burton]

That wasn't the discussion though. I agree that a high car payment can hold people back from saving money.

The original statement was that the "average person is less likely to achieve $1 million net worth because they drive expensive vehicles." First, there are many, many reasons why people won't achieve $1 million net worth, and it usually has to do with income. Second, there are very comfortable people who may not have $1 million in net worth right now who can afford expensive vehicles. Paying for that car is not going to stop them from accruing more wealth.

Overall, the general thought is fine. I have purchased 4 new vehicles in 16 years of marriage, but there are variables in play. I am pretty sure one had equity when we drove off the lot in 2008 when the economy was awful. We had it for 15 years. Paying cash also saves you a bunch of money. Loans on used cars can also carry higher rates. As I have stated previously, I am not into absolute statements.

“Less likely” isn’t quite an absolute. It’s just meaning a reduced probability. A lot of the info I provided comes from the book “The Next Millionaire Next Door” where they did studies on high net worth people in America. What they found was that achieving $1M+ net worth has less to do with income and more to do with habits. The book is all about those habits and new vehicles were just one variable. There are exceptions like you listed. Illness, accidents, and low income are all barriers but the book is more about median income management. It’s really interesting.