What to do with $1,000?

[quote]magick wrote:

[quote]sufiandy wrote:

[quote]usmccds423 wrote:

[quote]Phoenix44e wrote:
Rules: I will not be using this to pay off debt
[/quote]

If you have debt of any kind this is a really dumb rule. [/quote]

Yep, if you have debt and $1000, you don’t have $1000[/quote]

Why?

What if you knew you don’t have to pay off the entire debt immediately, and knew that investing the 1k can get you anywhere between 2k-5k within a couple of months?

I don’t understand the “debt is bad! Must be gone immediately!” idea.[/quote]

If you could turn 1k into 2k or more in a couple months would you do it or start a thread asking what to do instead?

[quote]chillain wrote:

[quote]orion wrote:

[quote]Dr. Pangloss wrote:

[quote]blindpirate wrote:
17 black[/quote]

17 black what?[/quote]

I am guessing roulette, but if there ever was a case for hookers and blow, one grand made off the books on a weekend was probably it.

It is just that it is no longer off the books because he had to put it out there, did he not?[/quote]

35k - W-2G on a 36-1 or 37-1 shot

[/quote]

What?

[quote]sufiandy wrote:

If you could turn 1k into 2k or more in a couple months would you do it or start a thread asking what to do instead?[/quote]

Hah, great point.

[quote]chillain wrote:

[quote]Phoenix44e wrote:
35k - W-2G on a 36-1 or 37-1 shot

[/quote]

What?
[/quote]

I was just spelling out the ‘roulette + reporting’ option.

It’s 35-1 payout if you hit the number. (though the true odds are slightly higher than that, given the green zero(s) on the wheel)

So $35,000 minus the tax on gambling wins.

Best way to flip $1k

Buy some good concert tickets and flip them. Make sure its a hot teen/tween show. Stuff like JB

Done it before very ez money. Get the good seats

Invest stock in Tesla.

I have said it once I will say it again.

Get a start in at least three different MLM schemes.

Don’t just be that rich IBO guy. Be three of him.

I don’t get the part on if you have some sort of debt to use the money to pay that off. I guess it depends on the kind of debt. If it was credit card debt I would assume that would be one you would want to pay off quickly considering most credit card rates are pretty high. If it was like a student loan or car loan that would be different. My car loan is only 1.9% from my credit union. Seems pretty good to what I assume most credit cards charge over 10%.

What I would do with the money. Use it for a vacation somewhere awesome.

[quote]Phoenix44e wrote:
Over the weekend I took a small job that made me a cool $1,000. Now I’m looking to do something with that money to turn a bigger profit.

So in this thread I’m looking for fellow T-Nationer’s advice on what to do with the $ that will in turn make me more $.

Rules: I will not be using this to pay off debt
I will not be spending this at the casino
I will not be buying any potions, snake oil, or the like
I will not be putting it in the bank just to save

My goal and my only goal is to take this $ and make more $ from it.

As always, Thanks in advance.[/quote]

Have you blown the dough yet? The poker machines here have limiters now but you used to be able to swipe your credit card and just spin thousands of dollars away in seconds. Some dudes would have multiple machines going at once with cards jammed in the corner of the spin buttons to keep them ticking over. That’s not a casino(the odds are much, much lower than most casino card games and roulette) as such but it’s as good a way as any to piss money up the wall.

Or you could just buy something nifty for a grand like an American Fender Stratocaster in sunburst maple with white pick guard and rosewood frets. How about a 24 channel polyphonic analogue synthesiser and drum machine? A home surveillance system with hidden microphones and laser motion detectors throughout your compound / facility / bunker / house. Someone suggested a gun. Guns are good. How about a nice pair of bespoke fitted leather boots by a top boot maker? What about Stephen Wade Cox Bushcraft knife from 5/16" 01 tool steel off the billet grinded to a 0 degree flat / scandi grind; the full tang double brass lovelock bolt riveted and epoxied to fine, hardwood scales(handles) hand sanded, waxed and polished - and the scandi grind polished to a mirror finish:

[quote]Phoenix44e wrote:

[quote]usmccds423 wrote:

[quote]Phoenix44e wrote:
as in, paid cash.
[/quote]

I hope you plan on declaring that $1K as income on your 2015 return seeing as you just admitted, in writing, it was paid in cash. [/quote]

Yeah, every penny[/quote]

Why? FUCK the IRS - If they can’t prove it, why declare it? All they are going to do is give it to some fool who won’t get a job or give it away to a foreign country who fucks us over any way they can.

I paid 81K last year in federal taxes, I’m keeping every fucking penny they don’t know about. Fuck them, they robbed my ass enough last year.

[quote]angry chicken wrote:

[quote]Phoenix44e wrote:

[quote]usmccds423 wrote:

[quote]Phoenix44e wrote:
as in, paid cash.
[/quote]

I hope you plan on declaring that $1K as income on your 2015 return seeing as you just admitted, in writing, it was paid in cash. [/quote]

Yeah, every penny[/quote]

Why? FUCK the IRS - If they can’t prove it, why declare it? All they are going to do is give it to some fool who won’t get a job or give it away to a foreign country who fucks us over any way they can.

I paid 81K last year in federal taxes, I’m keeping every fucking penny they don’t know about. Fuck them, they robbed my ass enough last year.[/quote]

I agree 100%. I consider myself a scrupulously honest person. Never stolen anything from anyone in my life. And it’s a matter of honour with me which is something I try to value above all else. But I’ve been paying taxes for 20 years and just getting screwed the whole time. I’m looking to buy myself a nice car now and there’s tens of thousands of fucking dollars for a “luxury car tax” added on top of all the other fucking taxes and it’s supposed to appease the environmentalist kooks who force them to stuff fibreglass up our exhausts and put ethanol in our fuel and tax, tax, tax the shit out of everything.

And so because they’ve been screwing me for decades and spending on absolute shit and crazy left-wing schemes and programs of all sorts I have no qualms whatsoever about avoiding taxes by any means necessary. It’s daylight robbery what they do and I’m supporting bums who don’t work and spend their time smoking pot and in political agitation of all sorts. Every time you see some left-wing protest it’s always full of bums. That’s how they get the name “long hairs”. They’re work shy layabouts.

[quote]cstratton2 wrote:
Invest stock in Tesla. [/quote]

… not sure that’s a good idea right now.

[quote]strungoutboy21 wrote:
I don’t get the part on if you have some sort of debt to use the money to pay that off. I guess it depends on the kind of debt. If it was credit card debt I would assume that would be one you would want to pay off quickly considering most credit card rates are pretty high. If it was like a student loan or car loan that would be different. My car loan is only 1.9% from my credit union. Seems pretty good to what I assume most credit cards charge over 10%.
[/quote]

Ya, we discussed this further and agreed on what you wrote.

[quote]angry chicken wrote:

[quote]Phoenix44e wrote:

[quote]usmccds423 wrote:

[quote]Phoenix44e wrote:
as in, paid cash.
[/quote]

I hope you plan on declaring that $1K as income on your 2015 return seeing as you just admitted, in writing, it was paid in cash. [/quote]

Yeah, every penny[/quote]

Why? FUCK the IRS - If they can’t prove it, why declare it? All they are going to do is give it to some fool who won’t get a job or give it away to a foreign country who fucks us over any way they can.

I paid 81K last year in federal taxes, I’m keeping every fucking penny they don’t know about. Fuck them, they robbed my ass enough last year.[/quote]

Well, if he gets audited and they somehow find this thread, which is unlikely, he would be admittedly committing tax evasion.

I have no idea what his annual income is, but I doubt he’s in the same boat as you are. Tax on $1K at an effective rate that I’m assuming is pretty low won’t be that much.

[quote]SexMachine wrote:

[quote]angry chicken wrote:

[quote]Phoenix44e wrote:

[quote]usmccds423 wrote:

[quote]Phoenix44e wrote:
as in, paid cash.
[/quote]

I hope you plan on declaring that $1K as income on your 2015 return seeing as you just admitted, in writing, it was paid in cash. [/quote]

Yeah, every penny[/quote]

Why? FUCK the IRS - If they can’t prove it, why declare it? All they are going to do is give it to some fool who won’t get a job or give it away to a foreign country who fucks us over any way they can.

I paid 81K last year in federal taxes, I’m keeping every fucking penny they don’t know about. Fuck them, they robbed my ass enough last year.[/quote]

I agree 100%. I consider myself a scrupulously honest person. Never stolen anything from anyone in my life. And it’s a matter of honour with me which is something I try to value above all else. But I’ve been paying taxes for 20 years and just getting screwed the whole time. I’m looking to buy myself a nice car now and there’s tens of thousands of fucking dollars for a “luxury car tax” added on top of all the other fucking taxes and it’s supposed to appease the environmentalist kooks who force them to stuff fibreglass up our exhausts and put ethanol in our fuel and tax, tax, tax the shit out of everything.

And so because they’ve been screwing me for decades and spending on absolute shit and crazy left-wing schemes and programs of all sorts I have no qualms whatsoever about avoiding taxes by any means necessary. It’s daylight robbery what they do and I’m supporting bums who don’t work and spend their time smoking pot and in political agitation of all sorts. Every time you see some left-wing protest it’s always full of bums. That’s how they get the name “long hairs”. They’re work shy layabouts. [/quote]

But you aren’t avoiding tax (legal) in this case you are evading them (illegal).

Lex iniusta non est lex

[quote]SexMachine wrote:
Lex iniusta non est lex[/quote]

This is the line that Severiano was feeding everyone in the Work Permits for Illegals thread.

[quote]usmccds423 wrote:

[quote]SexMachine wrote:
Lex iniusta non est lex[/quote]

This is the line that Severiano was feeding everyone in the Work Permits for Illegals thread.[/quote]

He probably got it from me. I’ve been quoting Cicero round these here parts and elsewhere for yonks. The spirit of individual liberty and republican government that Cicero espoused(but didn’t always practice) is the foundation upon which Montesquieu and Frederick Bastiat and the US founders formed their beliefs about government. It was in America that the spirit of individual liberty found its deepest roots. It’s a very American sentiment that Cicero was expressing.

Edited

[quote]SexMachine wrote:

[quote]usmccds423 wrote:

[quote]SexMachine wrote:
Lex iniusta non est lex[/quote]

This is the line that Severiano was feeding everyone in the Work Permits for Illegals thread.[/quote]

He probably got it from me. I’ve been quoting Cicero round these here parts and elsewhere for yonks. The spirit of individual liberty and republican government that Cicero espoused(but didn’t always practice) is the foundation upon which Montesquieu and Frederick Bastiat and the US founders formed their beliefs about government. It was in America that the spirit of individual liberty found its deepest roots. It’s a very American sentiment that Cicero was expressing.

Edited[/quote]

That’s all well and good.

My point is that Severiano was essentially saying immigrants entering America aren’t breaking any legitimate laws (They are all unjust) so illegals aren’t doing anything wrong. Everyone jumped on him.

Now you’re saying the same things in regards to taxes.

[quote]usmccds423 wrote:

[quote]SexMachine wrote:

[quote]usmccds423 wrote:

[quote]SexMachine wrote:
Lex iniusta non est lex[/quote]

This is the line that Severiano was feeding everyone in the Work Permits for Illegals thread.[/quote]

He probably got it from me. I’ve been quoting Cicero round these here parts and elsewhere for yonks. The spirit of individual liberty and republican government that Cicero espoused(but didn’t always practice) is the foundation upon which Montesquieu and Frederick Bastiat and the US founders formed their beliefs about government. It was in America that the spirit of individual liberty found its deepest roots. It’s a very American sentiment that Cicero was expressing.

Edited[/quote]

That’s all well and good.

My point is that Severiano was essentially saying immigrants entering America aren’t breaking any legitimate laws (They are all unjust) so illegals aren’t doing anything wrong. Everyone jumped on him.

Now you’re saying the same things in regards to taxes. [/quote]

But Severiano is speaking nonsense surely? A country has a sovereign “border” and a duty to regulate who comes and goes and the people should have representatives who fulfil their duty to protect the border and arrest and deport people who have broken the law and entered the country illegally or overstayed their visas and in most cases lied to immigration officials, on forms in writing, to border guards / LEOs etc. It’s not an “unjust” law to enforce the country’s damn immigration laws?! I don’t get what you’re saying. It’s unjust to tax the shit out of me and fund all kinds of left-wing projects and welfare and whatnot. It’s not unjust to enforce immigration law and deport criminals who are in the country illegally by their own choice. Surely?

Edited to fix typos for clarity