I know rite?
I quickly read through "Rich Dad Poor Dad" and honestly it's a joke. Just read the beginning of "Think and Grow Rich" and feel it doesn't have much concrete to offer. These books may offer inspiration but that's about it.
However, the two by Thomas Stanley confirm what I believe about the spending habits of the rich...definitely cemented in my mind the lifestyle that I'm living.
Can't believe I responded to a red, I feel so dirty.
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04-03-2010, 01:47 PM #61
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04-03-2010, 01:49 PM #62
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04-03-2010, 01:49 PM #63
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04-03-2010, 01:51 PM #64
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04-03-2010, 01:51 PM #65
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04-03-2010, 01:54 PM #66
No, read my prior post about the importance of having a high paying job. Make 150k a year and live like your making 80. $80 dollar jeans instead of $380. Drive a 5-8 year old vehicle instead of leasing every two years. Maybe vacation in Mexico instead of Tahiti, etc. Put all that extra cash on glittery stuff towards buying assets. It's really too tough to do unless you make an above average wage.
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04-03-2010, 01:55 PM #67
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04-03-2010, 01:58 PM #68
My uncle was also an entrepreneur from India who sold his company for hundreds of millions, and had a grade 4 education. No high school or junior high. However it took him a long while to become rich, unlike this guy. He started a lumber company in Western Canada several decades ago. There was no internet back then though. My uncle and family are also Sikh Punjabs like this guy too.
10 years Miscing
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04-03-2010, 01:59 PM #69
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04-03-2010, 02:01 PM #70
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04-03-2010, 02:07 PM #71
- Join Date: Jul 2006
- Location: Nevada, United States
- Age: 37
- Posts: 10,943
- Rep Power: 4289
This.
going to college doesn't mean you'll be "educated". Tons of tards go to college and waste their life and end up with thousands in debt. College is great if you have great drive, but not needed .
This, lulz at people saying "he got lucky". These are the same people that think anyone who gets ahead of them in life got there by chance or luck because they don't want to admit that some people worked harder than them. Winning the lottery is luck.☆☆☆Ron Paul 2012 Support Crew☆☆☆
~Barefooters Crew~|~Atheist Alliance~| ~Yellow Fever Crew~
"Be the change you want to see in the world" - Mahatma Gandhi
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04-03-2010, 02:12 PM #72
A household with a doctor and a middle level manager making a combined 300k per year cannot be broke. They can spend absolutely all of their money that year, but they are still living a 300k/year lifestyle, which is phenomenal. So what if he has 0$ in cash right now, he has things that he chose to buy with that money that improved his life! That is the point of earning money.
Enough of this bull**** by Thomas Staley trying to say those people are depraved or not wealthy. His standard of wealth is how much money you have in the bank account doing absolutely nothing for you right now, not affecting your quality of life. Oh great its so awesome to have some money not doing anything for me, hoooray. Other people want to live a life full of healthy and delicious food, a comfortable house, a maid so they don't have to spend time doing jobs they hate, great education for their kids, etc.10 years Miscing
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04-03-2010, 02:13 PM #73
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04-03-2010, 03:01 PM #74
Actually his definiton of wealth is how long you could sustain your current quality of life if you were to lose your income. So the 300k couple is only rich as long as they are working. If one or both of them should lose their job for a year are they still rich? Or will they have to start selling some of the nice toys that they have.
I plan on becoming financially independent of my employer, I have to make sacrifices to do so but I guess that's whats important to me. I'll live a little below my means and buy income producing or appreciating assets with my disposable income instead of depreciating assets such as luxury cars, expensive clothing or extravagant vacations. If I made 100k a year more I could have the best of both worlds I guess.
To each their own.
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04-03-2010, 03:08 PM #75
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04-03-2010, 03:10 PM #76
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04-03-2010, 03:19 PM #77
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04-03-2010, 03:30 PM #78
My opinion:
Anything that has the potential to appreciate without costing me money from my bottom line.
ie) A rental property that pays for itself will likely be worth more in 30 years than it is now. A vacation home will likely be worth more as well but creates no income to pay for the mortgage etc.
Good stocks will likely be worth more in 30 years than they are now. I'd rather put 50k in the market and drive a 25k vehicle than drive an 80k Mercades.
I don't know much about franchises, but maybe a silent partner in buying a franchise that would provide passive income. Then use the passive income to buy luxuries.
Not saying don't treat yourself, just know the difference between a luxury and an investment.
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04-03-2010, 03:35 PM #79
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04-03-2010, 03:44 PM #80
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04-03-2010, 04:36 PM #81
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04-03-2010, 04:42 PM #82
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04-03-2010, 04:43 PM #83
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04-03-2010, 04:45 PM #84
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04-03-2010, 04:48 PM #85
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04-03-2010, 04:51 PM #86
- Join Date: Jan 2008
- Location: United Kingdom (Great Britain)
- Age: 35
- Posts: 3,502
- Rep Power: 1297
lol op i prefer this post in your webpage:
http://www.internetdramasblog.com/20...n-roomate.html
epic
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04-03-2010, 04:52 PM #87
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04-03-2010, 04:55 PM #88
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04-03-2010, 04:59 PM #89
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04-03-2010, 05:07 PM #90
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