May 6th, 2021 | Money Podcast

LUMBER AND HOMEBUILDING AND MORE As the economy begins to reopen, there are plenty of opportunities to make real money, no matter what your income or appetite for risk happens to be. Tom tells you what he's been doing to take advantage of this once-in-a-lifetime situation.

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Submitted by UncleKenta on

I'm very excited. Got my 2nd vaccine today. A month late for my age group. I got skipped thanks to our corrupt asshole Floriduh governor Ron DeSantis. I call him Ron DeSHITis. haha Prick. Two more weeks of hardcore lock down for me Tom.

Buy A Home?: I'll wait it out thanks...
I was joking with a very old friend, who knew me back when I fucked up and bought and lost a home 2006-2009. I was talking with him this week and jokingly asked him, "Should I buy a home now?" He said "fuck no" and we both laughed. Taking my time. Have my 20% down, but not until this crazy market settles down or blows up and I find that final resting place piece of land. I plan to build custom from scratch anyway. Just not now.

In the mean time, last paycheck, my pile of cash savings (NOT even including my 401k or IRA's) crossed into six figures for the first time in my life. From debt deadbeat in 2009, to zero debt and piles of cash in 2021. Been debt free for several years now. And it feels AMAZING IN 2021!!!

I looked at my ATM receipt tonight and realized, they have a balance on them large enough to be used for that Leykis 101 ATM receipt trick buahahaha. No boys, sorry, I never throw mine in the trash bin at the bank. And ladies, sorry, you ain't gettin' a fucking dime of it. Ever.

I fucked my life up pretty good Tom. But I'm proof people can change, and build a new life from zero again, and never go back. Thank you Dad!!!

Submitted by War-A-Tron on

Some really good points in Crypto - essentially I think the same but can see it all going to zero once the central banks blockchain versions come out - idea being they can trace every digital payment back hence significantly reducing laundering, tax evasion etc.

Currently the value of crypto is, as you say, gambling. But much of the actual transactions done on it are essentially criminals laundering money etc. A corrupt official cannot walk out of a country with $50mil very easily unless they do it in crypto. A Drug dealer can hide their money in crypto rather than risk banks. Nobody seriously considers orders a burger in crypto, and even Bitcoin has scalability problems handling more than a dozen transactions a second.

Submitted by deweydec on

Great podcast. I am glad to hear you bring up the tulip bulb craze because that is exactly what crypto-currency reminds me of. The book Extraordinary Popular Delusions and The Madness of Crowds is a great book on market bubbles and crowd psychology surrounding them that I think would be of great value to anyone wanting to make sense of this mania and not get hurt financially.