What would you do with 2000$?

DaleK · #41 12/02/04, 08:39 PM

Let's see I currently owe $1.2 million on the farm... that should pay the interest for a couple of days.

Hank - Narita · #42 12/02/04, 10:33 PM

We would definitely buy Australian shepherds. We just got 3 recently and want to get more females and show dogs. Also would need to build more kennels. I would also like to buy some cross bred Suffolk sheep for my dogs to practice herding.

abemcevan · #43 12/02/04, 11:30 PM

I would save it for college. I would like to go to Bob Jones University.

breezynosacek · #44 12/03/04, 01:55 AM

Quote:

Originally Posted by Mudwoman

This is probably why we are not rich-----we don't see the reasoning.

A man gets a paycheck in Palestine or Iraq or Iran or Saudi or India. He takes his wife to the marketplace and after negotiating, buys a gold bracelet. Why? Because the currency in his country is not stable--------(like the dollar that has declined since the election by 30%). The gold is safe on his wife's arm rather than in some bank. Because the base of the bracelet is gold which will always be currency. The gold bracelet is portable wealth. In 1980, a lot of people increased their standard of living selling grandma's real silverware for $50 oz.

If I had $2000 right now, I would buy gold and silver. If I lived up north, I would seriously consider the greenhouse because of the short growing seasons there, and one has to eat. Here in the south, a greenhouse is not worth much as we can grow food all year round except summer when the temps are too high.

We all need to start thinking in terms of assets that will appreciate and not assets that will depreciate. Our homes and land can depreciate BTW. If you have a mortgage, you do not own your home. You have a lease to own because the day you can't make the payment is the day the mortgage co starts evicting you. If you own a home outright, you don't care what the value is, it is still yours and no one can take it.

In this country, we just don't think like the rich or the people in other countries. We could learn something from them.

Mudwoman, I saw your other post on the Dollar thread. Your thinking about the loans and values and refinancing and paper values vs. real values made sense. BUT, here is where we differ.

Buying gold makes sense to a point. IT is rediculous for a poor person to own a gold bracelet if they do not have a home. If they cash it in, it will not buy them much but a couple of months rent.

On the other hand, yes, I can get a mortgage. A very modest mortgage. Pay it off in five years and it is mine. It's value may fluctuate, but when that property is paid off, it is mine. I will have saved enough money in a year or two of owning my own home vs. paying rent that I can go and buy a gold bracelet if I choose to. Gold is not one of the main necessities of life. You cannot eat it, it will not keep you warm, it will not cover you and it will not protect you from the elements. Once spent it has no value except for what you spent it on.

Gold, like money is a tool. One day, a piece of bread may buy a bag of gold. I would rather have the wheat feild than the bag of gold because then, I could charge you a bag of gold for a little bit of my wheat.

As for what I would do with $2,000? I would put an addition on my house and buy a larger woodburning stove. Yes, in our neck of the woods, you can actually put an addition on your house for that little bit of money.

Virg · #45 12/03/04, 01:51 PM

Quote:

Originally Posted by Queen Bee

I work for a lady that is very wealth and I always help her purchase her Christmas presents to her children and Grandchildren! Well, we whent shopping for a gift for her daughter.... We looked every where for a nice gift.. She finally decided on a necklace that cost $2000!

I came home and told DH that rich people don't know how to shop!

I am by no means poor but if my husband or anyone were to give me a 2000$ pc. of jewerly, I would sit down and cry! :waa: Jewerly is the last thing I would ever want...

I could buy a heck of alot of things for $2000. What could or would you purchase for $2000

Fuel stocks. The less we use the higher the price.

mightybooboo · #46 12/03/04, 06:13 PM

Quote:

Originally Posted by pcdreams

$2000 would pay quite a bit toward my land purchase

I would add it to the homestead purchase fund,which will finally start to grow next year as we are finally debt free,minus 18 months of car payments.
BooBoo

momofeight · #47 12/04/04, 06:17 AM

Quote:

Originally Posted by Rouen

hmm 2 grand really isn't THAT much, unless it's being spent on stupid things that dont really matter, like jewelry, anyway-if I had 2 grand to spend at will, I'd buy my mom a pellet stove

WOW, I think i'd take my family to chicago to see the field museum.

Shagbarkmtcatle · #48 12/04/04, 06:48 AM

Well, this is what happened when we received $3,000.00 as a gift. Dh and I bought a fixer uppper for $40,000 and we worked our little tails off and fixed it up and sold it. We spent too much money fixing it up but we made $8,000 on it. So we bought another one and made $10,000 on that. Then we kept snowballing the profits into other houses. We finally got a couple where we made over $30,000 a piece on and so it goes. We own several houses now which we rent out, still fixing and selling others and our place is paid off. We have also been able to buy a 108 acre farm too. All within 10 years of receiving the $3,000. We are building our retirment with that little gift.

Laura Lynn

Montana Mom · #49 12/04/04, 10:33 PM

Ha! I bought my first mobile home for less than $2,000!! That is just crazy to spend that much on a piece of jewelry.

kjerckie · #50 12/05/04, 07:58 AM

I'd buy that cattle squeeze chute I've been looking at for months. I have the head gate, but want the squeeze that goes with it.

3girls · #51 12/05/04, 01:38 PM

Quote:

Originally Posted by Shagbarkmtcatle

Well, this is what happened when we received $3,000.00 as a gift. Dh and I bought a fixer uppper for $40,000 and we worked our little tails off and fixed it up and sold it. We spent too much money fixing it up but we made $8,000 on it. So we bought another one and made $10,000 on that. Then we kept snowballing the profits into other houses. We finally got a couple where we made over $30,000 a piece on and so it goes. We own several houses now which we rent out, still fixing and selling others and our place is paid off. We have also been able to buy a 108 acre farm too. All within 10 years of receiving the $3,000. We are building our retirment with that little gift.

Laura Lynn

I am SO impressed!! I've made this suggestion on several other threads and believe it is a VERY good way to reach the homestead goal. If I were on the other end of life, knowing what I know now, I would do exactly this. For quite some time back in the days of high interest and high inflation, I was a Certified Financial Planner, so I have seen a number of investment possibilities. Believe me, real estate is the most promising. Yes, you can lose your shirt if you are not careful about location, location, location. But you can do so well using your own sweat equity.

Keep it up, Laura Lynn, you''ll retire sooner than you think!!

I doesn't take much down payment to get started either.