I need your help guys, Nfltrends you too.

Search

Banned
Joined
Nov 3, 2015
Messages
602
Tokens
My wife is getting a settlement from a car accident in 6 months to a year. We were looking to invest in something ( dairy queen, or a gym ). But she is going to be collecting permanent SSI. So we can't have a business. So the only way to make extra money is CASH. So this is were I need your input. I have a great idea. I go to DELAWARE PARK every week, I don't bet online or have a bookie. Get nfltrends picks and bet his 5 plays for a 1000 a week on 5 team 13 point teasers. The last 4 years the worst you would do is 10 weeks won and 6 weeks lost. 10 weeks at 1000 times 2.5 = 25,000 and 6,000 lost. You would win 19,000. To LOSE money you would you would have to go 4 winning weeks and 12 losing weeks. I think is a can't lose situation, but the wife doesn't think so. Guys what do you think?
 

schmuck
Joined
Sep 21, 2004
Messages
1,352
Tokens
women know best, huge difference between investing and gambling/speculating.
 

I'm from the government and I'm here to help
Joined
Sep 21, 2004
Messages
32,906
Tokens
dq or a gym? interesting finalists
 

Retired; APRIL 2014 Thank You Gambling
Joined
Sep 20, 2004
Messages
12,632
Tokens
Hey, manage your bankroll.. that's the GOLDEN RULE...lol
You never said what the settlement amount was?
 

Member
Joined
Jan 14, 2012
Messages
2,941
Tokens
I'm not an expert on this but what does your wife's ssi have to do with you making self employed income?
 

Conservatives, Patriots & Huskies return to glory
Handicapper
Joined
Sep 9, 2005
Messages
85,698
Tokens
She can make nearly 15 k per year, maybe a little less

She can employ you, put you on the payroll and make sure her income doesn't exceed the threshold

Or you can own the business and employ her, paying her a salary below the income limits

You can also choose to be taxed as an S-Corp, making some of the income exempt from FICA Taxes and thus it doesn't impact disability
 

Conservatives, Patriots & Huskies return to glory
Handicapper
Joined
Sep 9, 2005
Messages
85,698
Tokens
Current earned income limit is $ 1,170 per month, or $ 14,040 per year
 

New member
Joined
Aug 28, 2012
Messages
12,457
Tokens
Gambling is a hobby, and you should NEVER risk money you cannot afford to lose. Things happen in sports which no bettor can control. Best thing to do would be to risk only what you could afford to possibly lose, but then invest the rest in the market, or possibly buy in to a small business IE: Small laundromat, Redbox Machines, Vending machines, Claw machines, etc and go from there
 

Member
Joined
Jan 14, 2012
Messages
2,941
Tokens
She can make nearly 15 k per year, maybe a little less

She can employ you, put you on the payroll and make sure her income doesn't exceed the threshold

Or you can own the business and employ her, paying her a salary below the income limits

You can also choose to be taxed as an S-Corp, making some of the income exempt from FICA Taxes and thus it doesn't impact disability

Yea for the most part this seems like common sense. If you're interested in starting a business just put it in your own name. Or put it in her name claim the w2 income yourself and get a good cpa to write off depreciation and other expenses.
 

Banned
Joined
Nov 4, 2009
Messages
12,115
Tokens
She can make nearly 15 k per year, maybe a little less

She can employ you, put you on the payroll and make sure her income doesn't exceed the threshold

Or you can own the business and employ her, paying her a salary below the income limits

You can also choose to be taxed as an S-Corp, making some of the income exempt from FICA Taxes and thus it doesn't impact disability

And thats just off the Top of His Wizard Head, dude is a Ninja.

Give him The Overnight and he'll come with something involving jumping in with a certain Greek Shipping Company's CFO's daughter's plans to short an Asian Real Estate Market and maybe some specific Shitcoins.


Trapeze Artist....if you decide to do this please consider avoiding A Burdening of NFLTrends with ur plan, added Pressure Be Bullshit there is enuff of this in lyfe :toast: gl to you
 

Banned
Joined
Nov 4, 2009
Messages
12,115
Tokens
Gambling is a hobby, and you should NEVER risk money you cannot afford to lose. Things happen in sports which no bettor can control. Best thing to do would be to risk only what you could afford to possibly lose, but then invest the rest in the market, or possibly buy in to a small business IE: Small laundromat, Redbox Machines, Vending machines, Claw machines, etc and go from there

Tried to Color It Golden cuz if only....hopefully it gets thru to him: The Golden Rule.

That, and Money Management of course.


I'd add, investment consideration-wise: Find out all one can about: CRISPR.....where its at where its going, what Players are gonna be yuge on the field when it gets there
 

Active member
Handicapper
Joined
Jun 18, 2007
Messages
76,516
Tokens
[FONT=Arial, Helvetica, sans-serif]
an_laugh.gif
[/FONT][FONT=Arial, Helvetica, sans-serif] Gamble away the settlement money[/FONT][FONT=Arial, Helvetica, sans-serif][/FONT]
 

Banned
Joined
Nov 3, 2015
Messages
602
Tokens
Thanks guys. Settlement is around 100,000. Would only use 17,000 to try a year of betting 5 team 13 point teasers.
 

Retired; APRIL 2014 Thank You Gambling
Joined
Sep 20, 2004
Messages
12,632
Tokens
Thanks guys. Settlement is around 100,000. Would only use 17,000 to try a year of betting 5 team 13 point teasers.

Lololol..
This is heartbreaking and halarious all in 1
 
Joined
Feb 6, 2007
Messages
28,144
Tokens
I'm embarrassed for you
 

Member
Joined
Jul 14, 2007
Messages
31,503
Tokens
Gyms go out of business all the time and most of the good 1's are just owned by big private equity firms now. A lot of the big food service chains that people are familiar with only franchise to investment groups or owners who will buy multiple locations or have a lot of working capital now as well.

And neither of those businesses are very passive.

Just put it in a Vanguard ETF/index fund and see how your wife adjusts to her new life. Maybe try to do something more ambitious with it in 3-5 years.

Before you do all that though, put the 100k on Floyd. Start off with 113-114ish rather than 100.
 

Banned
Joined
Jun 28, 2014
Messages
16,565
Tokens
Invest in gold and silver now while prices are low! Than get a safe and put it in the closet. Burglars are not looking to steal your clothes. lol
 

Forum statistics

Threads
1,106,818
Messages
13,439,126
Members
99,339
Latest member
billcunninghamhomeloans
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com