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How are you doing financially? (lemm.ee)

submitted 3 days ago by ContrarianTrail@lemm.ee to c/asklemmy@lemmy.world

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I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.

What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?

For the extra brave ones: how much savings do you have, and what are you planning to do with them?

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[-] ContrarianTrail@lemm.ee 1 points 13 hours ago

Yeah I love all that. Flipping old cars is something I've thought about as well but something I'd be even more interested in is doing the same with boats. Now that I'm self-employed I've tought about getting a project boat that I could work on when ever business is otherwise slow. I couldn't fit a large one on my yard but some smaller fishing boat would be interesting to start with. When looking at old boats they often look like just even a simple pressure wash would double their price.

[-] Varyk@sh.itjust.works 2 points 11 hours ago

absolutely, That's a great call with flipping boats also, I think the exact same thing about cars.

give a "clunker" a wash and change the battery and oil, clean some corrosion, and half the time you're done with the tune-up and can make a few extra bucks.

I got my first motorcycle for my guy who basically did that for a living with bikes, and that was one of the first times practical commodity flipping made sense to me.

I had heard of flipping houses, but I didn't hear about it, but then I saw like five bikes in this guy's backyard and how simple it would be to replace the vital parts, which is fun, and sell them at a fair profit.

I keep trying to figure out how practical a solar /wind powered paddle houseboat would be, that I could just sort of like sustainably ferry out to wherever and paddle around the ocean for a while hahaha.

sounds super fun!

this post was submitted on 10 Oct 2024

112 points (89.4% liked)

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