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5339 Surly 10%About CHIEF
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Negative Recruiting Your Own School: The aggy Screenshot Megathread
CHIEF replied to texifornia's topic in 🤫$9.95🤫
Yep, I remember bitching about all of the rain from my hotel room, on Hornfans, while waiting for VY to do his thang against USC in the Rose Bowl. CHIEF -
That first sentence sounds awful gay, NTTIAWWT. CHIEF
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Have You Ever W2'ed $1,000,000 in a single year?
CHIEF replied to Vegas64's topic in Business and Markets
That's what I do on a much smaller scale, with my Mom. Most of our assets are in two different LLCs that we both contribute to. My F-350, and our shop had to be depreciated, but our tractor, skid steer, forklift, and two trailers we took the full amount off the first year they were purchased. I make sure and take clients to the deer lease a couple of times a year to shoot hogs, and use the Ranger to show properties. I think the lease and the Ranger are pretty easy to explain, but probably would be the only thing that might raise any kind of flag. I make sure to put money back in an interest bearing account in case something were to come up. I think the risk is worth the reward, I've known guys who have operated this way for years, that have taken much riskier tax positions than I have, and have yet to be audited. But, money does need to be put back, if the IRS doesn't see things the same. CHIEF -
Have You Ever W2'ed $1,000,000 in a single year?
CHIEF replied to Vegas64's topic in Business and Markets
True. He has a CPA that stays on top of it and documents each and every expense. All of his friends that live around him, and that he parties with, he cleans a firebreak around their property for free each year, and does anything they want done extra at a little above cost. Makes it very easy to document them as customers. He sponsors quite a bit to charity golf tournaments, fishing tournaments, etc. A lot of them are customers, or potential customers in O&G. He also bought a couple of semis and started a cattle and hay hauling division for his LLC. But really, construction equipment, and anything else you can fully depreciate the first year seems to work the best for him. CHIEF -
CHIEF started following Hawaiian Senator and Have You Ever W2'ed $1,000,000 in a single year?
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Have You Ever W2'ed $1,000,000 in a single year?
CHIEF replied to Vegas64's topic in Business and Markets
I have several friends in O&G that make close to 7 fig W-2s. One is the buddy that we hunt with on our new lease. He uses most of his W-2 money in an LLC that he created. He had a guy, on site that was getting a divorce, he had bought all of the equipment to start a land clearing business, but his wife asked for a divorce right after he had made the purchase. It was about $250k worth of equipment, he sold it to our buddy for $100k since he needed the money immediately for divorce funds. That kinda started my buddy down the road of having multiple small businesses that aren't shown to be real profitable, but you get the depreciation, and you only pay long term capital gains when you sell the business at a profit. I will say, by far, the biggest benefit is writing off $15-20k/month of partying, vacation travel, ski boats, "company" vehicles, and the like off as company or entertainment expenses. He just gets to write shit off that he was going to do anyway. CHIEF -
Negative Recruiting Your Own School: The aggy Screenshot Megathread
CHIEF replied to texifornia's topic in 🤫$9.95🤫
Winners make their own luck. aggy wouldn't know anything about that. CHIEF -
I didn’t count it. Was told later she handed me $40. Probably to make her feel superior to my $30. You know how women are. CHIEF
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It's funny you mentioned Eagle Peak. Use to hang out there when I lived in Cedar Park. It's where I taught CHIEF Jr. to shoot. I cleaned out all of the old business cards, and expired health insurance cards out of my wallet yesterday. Still had my Eagle Peak membership card, figured I would probably never be going back, so I threw it in the trash. CHIEF
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Yes, and tragically many of them jump off the cliffs into the ocean to commit suicide. CHIEF
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I’m sure he needed the cash for gas. I hardly carry cash, usually just use my debit card. I had $30 that has probably been in my wallet for six months, I gave that, and husseled the wife for another &40, that was all the cash she was carrying. We were in CHIEF Jr.’s truck, we had to go pick up some tables and chairs for the birthday party. Mrs. CHIEF brought up that we should have checked the console, he always has cash in there. Sure enough, she opened it up and there was $200 sitting right there. I would have given him that as well if I would have thought to check it. I don’t mind at all helping a guy that works a sixty hour week to try and take care of his family. CHIEF
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My niece's son's second birthday is tomorrow. We have a Dollar General right outside our front gate, Mrs. CHIEF decided to go there to get wrapping paper, some dishwasher pods, and a few other odds and ends that weren't worth driving all the way into town for. Saw a young guy drive up in a worn out ol' Chevy. He got out and stood at the front of his truck for a minute. Eventually, he came over to my window. I rolled the window down, and he told me, "sir, I am in a pickle. I've been framing houses and don't get paid until Friday. The weather is going to be bad, and I need to get home to Alvarado to wrap pipes and make sure my family is ready for the cold weather. I have a new ladder I paid $100 for (it was still in the box and he had the receipt) I will sell it to you for $60." If there is anything I am an expert on Surly about (other thread) it is being a sucker. I gave him $60, and told him to keep the ladder. I guess I consider myself embarrassingly gullible. I don't know if I have "Sucker" tattooed in invisible ink across my forehead, but it always seems as though I am the person that people, in need, approach. CHIEF
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Winter Weather 2025 - Arctic Blasts or Sweaty Ass?
CHIEF replied to NorthLoop's topic in Daily Texan
Mrs. CHIEF's boss has been taking classes on motivational techniques, cutting costs, and business efficiency. He decided to have a mandatory meeting, in Houston, scheduled for this Tuesday. He, of course, scheduled it about three weeks ago. In his newfound exuberance, he has decided not to cancel it. Mrs. CHIEF, in her passive aggressive manner, decided she wasn't driving, along with my niece that works for the company. Instead, they would fly roundtrip from DFW into Hobby and back. So, she is spending over $1000 to go to Houston for a one hour meeting on motivation, cutting costs, and business efficiency. She is booking a five star hotel for the one night as well, in the middle of a snowstorm that could knock power out. CHIEF- 820 replies
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Transfer Cycle 2024-2025 - Handjob Helobious Is the Man!
CHIEF replied to closetojumping's topic in 🤫$9.95🤫
The second worst hit ever put on Tech. The hit Nathan Vasher put on Carlos Francis, on that punt return is the most vicious hit I've seen in real life. That includes Blain Irby. That hit wasn't extremely violent, you just knew the result in about the remaining 0.20/second of the catch. I was heartbroken for him. CHIEF -
They had to go out of their way to find such poorly fitting outfits. CHIEF
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