^^ I don't think daire was saying what you think she was saying.

6/14/2008 1:23:20 AM

If so I appologize daire.

Good saving and spending habits are your best chances of bringing yourself wealth and financial independence. Its sad that 95% of us never learn that or realize it too late.

6/14/2008 7:36:44 AM

I wouldn't even lend my sister that much money

6/14/2008 10:03:42 AM

Investing in some type of real estate is the best bet. When the dollar declines land and buildings stay the same thus are worth more dollars (inflation). Even risky stocks are better imo. Of course automobiles aren't smart but I'm not sure if the depreciation of automobiles is THAT far off from the dollar these days(cars lose half their value in 5 years the dollar loses half its value in 10 good years. these are bad years coming and you can't drive a savings account). Might as well enjoy your money instead of watching it melt, or in this case, provide life changing help to a close friend. Its a simple choice. You only live once.

6/14/2008 10:25:31 AM

Quote :

"Investing in some type of real estate is the best bet."

I think Americans are the only ones who tout this line so much.

Does anyone know how it is in countries like Australia or Canada?

6/14/2008 10:33:50 AM

^^ that's only true if you live in one of the few areas that have not had a real estate bubble.

if you're investing in real estate in the bay area, vegas, or florida, for example, right now, you'd be a fucking idiot.

6/14/2008 10:45:29 AM

charlotte and portland are like 2 of the 4 markets actually doing good now

6/14/2008 10:59:09 AM

Quote :

"I don't think daire was saying what you think she was saying."

Yeah. I think she was implying you should invest some of it.

6/14/2008 12:55:46 PM

I am using this situation for bar review.

Does he have anything you could use for collateral?

I assume this money is for the purchase of items he will use in his practice, just set everything up as a PMSI and file a financing statement. Include Future Advance clause and After acquired property clause just to cover yourself. Do a full check of his credit and check for prior filings.

With you both being JDs, it should be easy to keep the loan professional and maintain your relationship.

6/15/2008 3:43:49 PM

congrats on graduating, brickhouse. best of luck to you with the bar.

6/16/2008 9:25:51 PM

^^Opening a solo after splitting with the largest firm in town after just one year can be hard.

If things don't work out, you're going to be the last person on his list of people to pay. When times get tough you think of your bills first, paying you and "the" friendship will be last on that list. Good friendships are usually ended over (less) money than this or women.

Are you doing it this week? You should keep updating this thread for the next few months/years.

6/16/2008 11:38:26 PM