It is currently Sat Sep 22, 2018 3:11 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 58 posts ]  Go to page Previous  1, 2, 3, 4, 5, 6  Next
Author Message
 Post subject: Re: Suh explains big contracts
PostPosted: Fri Mar 09, 2018 5:42 pm 
Offline

Joined: Wed Jul 09, 2014 8:12 pm
Posts: 4117
That type of info will cost you... ;)


Top
 Profile  
 
 Post subject: Re: Suh explains big contracts
PostPosted: Fri Mar 09, 2018 7:55 pm 
Offline

Joined: Tue Jul 08, 2014 9:35 pm
Posts: 7254
I'm no money manager, but I think I could figure out how to squeak by on what Suh has left after taxes.


Top
 Profile  
 
 Post subject: Re: Suh explains big contracts
PostPosted: Fri Mar 09, 2018 9:15 pm 
Offline

Joined: Wed Jul 09, 2014 8:12 pm
Posts: 4117
Its takes a special kind of stupid to blow through the kind of money some of these guys do.

Similar to lottery winners. Many of those dummies go broke too.

And the thing is, if managed properly they can still have nice toys & house and still have the money last a long ass time. If not a lifetime.


Top
 Profile  
 
 Post subject: Re: Suh explains big contracts
PostPosted: Fri Mar 09, 2018 10:04 pm 
Offline
User avatar

Joined: Tue Jul 08, 2014 9:45 pm
Posts: 13350
When you've dealt in hundreds or thousands all your life then in an instant you're dealing with multi-Millions? Big huge changes tax wise just for starters. Like I said in another post learn to manage your money. Take courses and learn finance. Learn how to play the stock market. Hire reputable financial advisers that won't stab you in the back. Try to defer [Pre-Tax/Gross] up to 90% into IRA's, 457's/401's, Bonds. Anything to drop your tax responsibility. Start a money loaning business that's federally backed. Invest in real estate, Stash that shit outside the US.... Just off the top of my head. Just make sure you Pay Yourself! Not by spending it on bullshit. By putting that money to work for your future. Then you can sustainably pay yourself, your children and their children indefinitely. JMO


Top
 Profile  
 
 Post subject: Re: Suh explains big contracts
PostPosted: Fri Mar 09, 2018 10:55 pm 
Offline

Joined: Wed Jul 09, 2014 8:12 pm
Posts: 4117
Quote:
Try to defer [Pre-Tax/Gross] up to 90% into IRA's, 457's/401's,


What vehicle gets you anywhere close to 90%


Top
 Profile  
 
 Post subject: Re: Suh explains big contracts
PostPosted: Sat Mar 10, 2018 1:59 am 
Offline
User avatar

Joined: Thu Jul 10, 2014 1:01 am
Posts: 11040
955876 wrote:
Quote:
Try to defer [Pre-Tax/Gross] up to 90% into IRA's, 457's/401's,


What vehicle gets you anywhere close to 90%


LOL....you know, as well as I do, that economics and fisc are way over the heads of most people. Unfortunately, it's not the same as arguing with a doctor.

_________________
------------------------------------------------------


Top
 Profile  
 
 Post subject: Re: Suh explains big contracts
PostPosted: Sat Mar 10, 2018 11:14 am 
Offline
User avatar

Joined: Wed Jul 09, 2014 10:34 am
Posts: 5458
that $5500 of tax free IRA money will inch Suh close to 90% only 89.9999% to go!

_________________
Image


Top
 Profile  
 
 Post subject: Re: Suh explains big contracts
PostPosted: Sat Mar 10, 2018 11:40 am 
Offline
User avatar

Joined: Tue Jul 08, 2014 9:45 pm
Posts: 13350
I see you guys as usual nit pick on one thing to put yourselves in the lead for the dick measuring contest. Good job! Congratulations!

The point I'm making is there are ways to make that money work for you so you're not voluntold to give it up a big percentage of your earnings to taxes. If my reading comprehension is what I think it is then that was Suh's biggest complaint right? All those idea's I listed was off the top of the head. Perhaps they will work, perhaps not. I didn't just list the one thing you all decided to nit pick. Then there's the piggy backers..., Laughable.


Top
 Profile  
 
 Post subject: Re: Suh explains big contracts
PostPosted: Sat Mar 10, 2018 11:43 am 
Offline
User avatar

Joined: Wed Jul 09, 2014 10:34 am
Posts: 5458
If it was as easy as you think to avoid paying taxes, none of those guys on the list would be doing it..

_________________
Image


Top
 Profile  
 
 Post subject: Re: Suh explains big contracts
PostPosted: Sat Mar 10, 2018 11:53 am 
Offline
User avatar

Joined: Tue Jul 08, 2014 9:45 pm
Posts: 13350
RS I realize this. I'm trying to come up with a realistic way to pay yourself [futures] while reducing the overall taxed money earned. Nobody is getting out of paying taxes. I'm talking about reducing those taxes. How about Micro-investing in tech like phone apps for one example? Health care investments?


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 58 posts ]  Go to page Previous  1, 2, 3, 4, 5, 6  Next

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: Google [Bot], PittWest, SteelJedi and 15 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
FORUM RULES --- PRIVACY POLICY




Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group