CREATING MILLIONAIRES: POSTERS AIDING WEALTH GROWTH

[itsyoung!!]

Combine and wait is a poor man's game though. It depends on the market being kind to you for 35 years, inflation not killing your cash, and of course... you living to 65.

I know people who make 1.6 million profit in 3-4 months. Focus on constant income creation, not "earn and hold."

I know rich people too but still have to keep it realistic within your life time and what YOU can accomplish. Just because your friend can make 1.6 million in profit in 3-4 months, doesnt mean you have the means, talent or start up money to do it yourself

 

[BaldingSoHard]

Combine and wait is a poor man's game though. It depends on the market being kind to you for 35 years, inflation not killing your cash, and of course... you living to 65.

I know people who make 1.6 million profit in 3-4 months. Focus on constant income creation, not "earn and hold."

Since you're dead-set on selling people this dream, can you explain to us brehs what exact steps to take to achieve $1.6 million profit in 3-4 months, please. I mean shyt if it's that easy, why don't we all just do it and retire next month.

 

[TRFG]

I like this thread. I wish there was one for internet businesses.

 

[Momentum]

Since you're dead-set on selling people this dream, can you explain to us brehs what exact steps to take to achieve $1.6 million profit in 3-4 months, please. I mean shyt if it's that easy, why don't we all just do it and retire next month.

this
VVVVVVVVVVV

I like this thread. I wish their was one for internet businesses.

 

[Momentum]

I know rich people too but still have to keep it realistic within your life time and what YOU can accomplish. Just because your friend can make 1.6 million in profit in 3-4 months, doesnt mean you have the means, talent or start up money to do it yourself

The easiest part is the idea. Everyone is sitting a good 1 to 20 million dollar ideas. The hard part is execution and getting the cash.

 

[BaldingSoHard]

The easiest part is the idea. Everyone is sitting a good 1 to 20 million dollar ideas. The hard part is execution and getting the cash.

I have one good idea...
Don't know who to trust it with though.
I would need about 5 good people. They would need to be black and technically inclined.
The payoff would take about a year, maybe a little longer.
We would be the world.
But there's a lot of (one time) money in it.
We would probably get sued tho.

Edit: Oh and it would require a moderate amount of temporary selling out.

 

[Silkk]

Had i signed up for my 401k id have an extra 10k right now

Calculated the math wrong, but i also was only supposed to be here 2 months not a year+

 

[Silkk]

@BaldingSoHard @Data-Hawk My 401k will match 8% of what i put in, so i thought it would be $16 for the $200(10%) i put in but i was just informed they would would put in 8% of my gross (180)

Thats how it works with fidelity?

 

[BaldingSoHard]

@BaldingSoHard @Data-Hawk My 401k will match 8% of what i put in, so i thought it would be $16 for the $200(10%) i put in but i was just informed they would would put in 8% of my gross (180)

Thats how it works with fidelity?

Pretty nasty, huh? 8% matching is huge, btw. Most companies max around 5-6% so getting 8% is like being part of some secret club. I'm not sure what Fidelity matches, but I doubt it would be as high as 8%.

 

[Silkk]

Pretty nasty, huh? 8% matching is huge, btw. Most companies max around 5-6% so getting 8% is like being part of some secret club. I'm not sure what Fidelity matches, but I doubt it would be as high as 8%.

That's who my contract company says it would be through

Just sad i missed out

 

[BaldingSoHard]

That's who my contract company says it would be through

Ah. Ok so what that means is that the funds that are in your 401(k) are offered and managed by Fidelity, but the actual matching contributions come from your employer.
Fidelity manages my companies' 401(k) too but I only get 5%, for example.

 

[Silkk]

Ah. Ok so what that means is that the funds that are in your 401(k) are offered and managed by Fidelity, but the actual matching contributions come from your employer.
Fidelity manages my companies' 401(k) too but I only get 5%, for example.

So lets say if/when i leave my company id be able to keep it open, cash it out, or roll it to my new job if i wanted?

 

[BaldingSoHard]

So lets say if/when i leave my company id be able to keep it open, cash it out, or roll it to my new job if i wanted?

Right. You could leave it where it is and it would still grow. You could cash it out and pay HEAVY penalties (never do this unless it's a medical emergency). Or roll it to a new 401(k) or IRA.

What's funny is that most people cash it out in that situation. I guess seeing a big pile of cash and having the opportunity to ball out for a couple years is too hard to pass up.

 

[Silkk]

Right. You could leave it where it is and it would still grow. You could cash it out and pay HEAVY penalties (never do this unless it's a medical emergency). Or roll it to a new 401(k) or IRA.

What's funny is that most people cash it out in that situation. I guess seeing a big pile of cash and having the opportunity to ball out for a couple years is too hard to pass up.

I cashed out at my last job to move, was only like $1700 tho

Definitely gonna roll it over from now on tho

 

[BaldingSoHard]

I cashed out at my last job to move, was only like $1700 tho

Definitely gonna roll it over from now on tho

Yea that really isn't bad. No real harm done.