PLXTO
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How many John's actually save money?

Nov 25, 2007
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Toronto
I suspect you two guys are among the rare exceptions. Wouldn't be surprised if most TERBIE live from hand to mouth and are only two paycheques away from homelessness.
It takes an incredible amount of discipline to save and delay gratification. But I believe that it can be trained. You have to force yourself, then it gets easier.

And yes, there are lots of people living paycheque to paycheque...but hey, i'm sure they're enjoying life, which is what really counts right?
 

canucklehead

Active member
Oct 16, 2003
2,422
13
38
It is one of the reasons why retirement at 45 is often on my mind .... i always use the money i have to make money .... i have a cash income source i use for pleasures that are not tax deductible.
 
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Rockslinger

Banned
Apr 24, 2005
32,783
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It takes an incredible amount of discipline to save and delay gratification. But I believe that it can be trained.
Yup, but it also took a lot of discipline to be a starving university student for 6 long years while your high school friends were getting the girls and driving around in fancy cars because they had jobs (they skipped university).
 
Dec 12, 2007
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i see SPs on average 3x a week. i'm very fortunate to have a very high pay job and sound investments. if the oil ever stopped pumping I'd quit SPs, I couldn't imagine just getting by and spending $$ on this. great question tho! interesting
 

canaille

New member
Dec 30, 2009
159
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With the mortgage paid-off and mucho moola savings in the account, I can financially afford to hobby as often as I want. Only problem is finding the time.
 

mb12ca

Banned
Aug 17, 2008
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guelph
I cashed in my mutual funds in order to start hobbying. I spent about 11,000 in 3 months. I would spend more, but I have also spent around $15,000 on health care in the past year, so that has limited my free cash flow tremendously.
 

Polecat

New member
Aug 27, 2005
159
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Gatineau, QC
I actually find it cheaper to see an SP than take a girl out to dinner, show, drinks, etc. Once you get the "stright" girl home and in bed. she says you want me to do WHAT!!!! With and SP, fee is up front, tell her what I want and get it with a nice smile! So when I hobby it actually saves me money!
 

wet_suit_one

New member
Aug 6, 2005
2,059
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During the pooning days, I spent about 15 k in 2 years. No sweat off my balls as I made enough.

That said, I've had more better sex (generally) with one woman over the last six months. Still the honeymoon phase though. And she's stripper hot (to me anyways).

Saved and invested before. Don't think I'm going to live that long, but I'm not fond of being a fool. Accordingly, I'll probably leave a bunch of money to a cat or dog or some other worthy creature. Maybe a charity that benefits humans, but generally, they are unworthy...
 

EJ543

New member
Sep 16, 2010
49
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I actually find it cheaper to see an SP than take a girl out to dinner, show, drinks, etc. Once you get the "stright" girl home and in bed. she says you want me to do WHAT!!!! With and SP, fee is up front, tell her what I want and get it with a nice smile! So when I hobby it actually saves me money!
Very true, especially if that person is the person on the side, and you have cash outflows on two fronts. As far as the op thread is concerned, I play the options market besides my own job (fairly high paying) but the excess cash comes from the market. On a conservative basis you could make $500 extra a day, on good days its not unusual to make $3000 to $4000 extra a day. On some of my best days I have achieved $ 15,000 to $ 20,000 per day. Of course there have also been down days but if you have the margin to hang on and sufficient positions that are diversified it all good. Usually bat about 90%. So this spending on SPs is really not much of a concern. It more a matter of the recovery period between sps that's my weak link so to speak.
 

theycallmebruce

Active member
Nov 17, 2002
1,107
1
38
Very true, especially if that person is the person on the side, and you have cash outflows on two fronts. As far as the op thread is concerned, I play the options market besides my own job (fairly high paying) but the excess cash comes from the market. On a conservative basis you could make $500 extra a day, on good days its not unusual to make $3000 to $4000 extra a day. On some of my best days I have achieved $ 15,000 to $ 20,000 per day. Of course there have also been down days but if you have the margin to hang on and sufficient positions that are diversified it all good. Usually bat about 90%. So this spending on SPs is really not much of a concern. It more a matter of the recovery period between sps that's my weak link so to speak.
What options do you play to make $500 a day? Are your writing covered calls? Selling put options?
Please share your strategy.
 

chris.jr

New member
Jan 29, 2010
19
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1
really this hobby is killing me but i love it i spend over 4000 a month
 

playa44

Member
May 6, 2010
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6
Hey guys. I'm a new grad making 55k/year from my job but still finding it difficult to save (i pay for all my own shit, apartment, car, and still repaying university loans). How did you all start out in investing? I really want to learn how to play this game but I don't know where to start. If you guys could share some experiences or resources to help me get started, I would really appreciate it. I'm just amazed some of you are raking in over 5k/month in pleasure. I'd like to achieve that lifestyle and I know I have the discipline to get there. At the moment I'm just reading introductory personal finance books (The Intelligent Investor, Peter Lynch books, etc).
 

freestuff

New member
Jul 6, 2008
5,705
1
0
Hey guys. I'm a new grad making 55k/year from my job but still finding it difficult to save (i pay for all my own shit, apartment, car, and still repaying university loans). How did you all start out in investing? I really want to learn how to play this game but I don't know where to start. If you guys could share some experiences or resources to help me get started, I would really appreciate it. I'm just amazed some of you are raking in over 5k/month in pleasure. I'd like to achieve that lifestyle and I know I have the discipline to get there. At the moment I'm just reading introductory personal finance books (The Intelligent Investor, Peter Lynch books, etc).
It probably has more to do where you are and where "they" are in their lives -- e.g. you're just starting out and they are established in their careers (some might even be ready or are retired). Accordingly, these johns have more disposable income. This "hobby" is not for the young -- unless they're rich kids from woodbridge.
 
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