05-07-2021, 04:19 PM
(05-07-2021, 03:44 PM)NilesMike Wrote:You missed part of the story Mike. He doesn't have any actual investments to my knowledge. He hasn't worked for anyone else for about 20 years. He worked in the trades then. He has a fat bank account, his working capital, (a pick up, a couple vans and all his tools) so they can do multiple jobs. He's licensed, insured and all that. He's just been a cash on the barrel head kind of guy. I find him interesting though it's not the path I choose. I know he does all the heating, AC and handyman work for a few 20+ family rental units. You are a landlord. Not hard to connect the dots. Half this work is going to be off the books for Benjamins and everything I do will be way under competitors prices..... but that's none of my business.(05-07-2021, 02:15 PM)fenders53 Wrote:(05-07-2021, 12:23 PM)ken-do-nim Wrote: I guess the moral of the story is that cash is king ... until it isn't?I'm not sure what the moral of the story is but I am pretty sure a 54yr man with only an HD credit card and cash is very strange in 2021. He's happy but he will be working until he is 75. His SS is going to be very weak.
Nice of you to help with the driveway.
Why would he care about SS if he's investing his money (both employer and employee portions) he would smoke SS returns.
It's an interesting way to live your life.