CREATING MILLIONAIRES: POSTERS AIDING WEALTH GROWTH

TRFG

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To anyone reading this thread right now, if you are in your 20's and don't have an IRA, go to Vanguard right now and sign up. It will take 10 mins and it'll be one of the best decisions you've ever made. Even if you're in your 30's, it's still a good idea, but if you're in your 20's it's a MUST.

:patrice: Is this only for us brehs? what about us foreign brehs?:sadcam:
 

Sad Bunny

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You do everything online, so as long as you got the money in your account it's good that's all you really need. dont have 5k now but i want to invest asap and just set up my bank account. i wanna do it aaap
 

Jahbarri

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Another thing
Speak on it breh :lupe:

I love this thread :mjcry:
We def need this sticked or a wealth forum or something. The jewels that would be dropped would be :wow:


first off. its like a pyramid scheme the way the whole system is set up. and you have to first ACKNOWLEDGE the way it is and make it work to your advantage like all big players.:pacspit:

first thing is dont do what the 'MAJORITY' of people are doing ... why? because the MAJORITY of people are broke. the MAJORITY of people are sheep. you have to think outside the box literally

and another thing is. if you 'work' aka give up your time for a dollar. you will NEVER have wealth, you may come across some type of money and think your ok due to either the lifestyle you live, or your surroundings wether that be your peers or neighborhood. but the reality is that we as human beings, only have SO MUCH TIME.

If you give up your TIME which you can NEVER get back just for a check or finances.. i mean its ok to work towards something, but theres ways of doing it.
MONEY no matter what can always come back to you. time isnt money. thats an illusion. although certain individuals time is money. but your time itself can never be equivalent
because time you can never recover. we all have the same amount in a day. so when you give up 40 hours a week theres only so much you can make in that time.
if people spent 40 hours a week trying to empower themselves and find a way where 1000$ can go in there pocket daily . theyd be much more free,
the way the system is set up is that majority of people are in DEBT. aka DEBT SLAVES:obama:
there for theres plenty of people who are willing to give up there TIME for money due to the PAYMENT they must make in a particular TIME frame wether that be monthly or bi weekly.
anyways brehs theres to much to elaborate on. but i never had a job and made 100k+ before 21 years old.:mjpls:

at the end of the day life is what you make it, its definitely overated.:trash:
and were all born into bondage. if you have any peice of identification its indication that your owned by the crown. wether that be spinards,british, or french.
our names are all in capital letters due to us being a business. which is tax'd until its no longer in existance.
one of the first things you learn in business is that a corporation is a LEGAL PERSON.:mjcry:

you gotta find happiness , and be content. :francis:
because i literally wish i was never born. because i inherited 99 problems.
not only being black, but my MOTHER has been in / out of jail my WHOLE life. and i NEVER met my father, and NEVER seen a picture to know what hed look like, :mjlol:
and NEVER , not ONCE has my mom ever spoken about him:mjcry:
 

Sunalmighty

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Another thing



first off. its like a pyramid scheme the way the whole system is set up. and you have to first ACKNOWLEDGE the way it is and make it work to your advantage like all big players.:pacspit:

first thing is dont do what the 'MAJORITY' of people are doing ... why? because the MAJORITY of people are broke. the MAJORITY of people are sheep. you have to think outside the box literally

and another thing is. if you 'work' aka give up your time for a dollar. you will NEVER have wealth, you may come across some type of money and think your ok due to either the lifestyle you live, or your surroundings wether that be your peers or neighborhood. but the reality is that we as human beings, only have SO MUCH TIME.

If you give up your TIME which you can NEVER get back just for a check or finances.. i mean its ok to work towards something, but theres ways of doing it.
MONEY no matter what can always come back to you. time isnt money. thats an illusion. although certain individuals time is money. but your time itself can never be equivalent
because time you can never recover. we all have the same amount in a day. so when you give up 40 hours a week theres only so much you can make in that time.
if people spent 40 hours a week trying to empower themselves and find a way where 1000$ can go in there pocket daily . theyd be much more free,
the way the system is set up is that majority of people are in DEBT. aka DEBT SLAVES:obama:
there for theres plenty of people who are willing to give up there TIME for money due to the PAYMENT they must make in a particular TIME frame wether that be monthly or bi weekly.
anyways brehs theres to much to elaborate on. but i never had a job and made 100k+ before 21 years old.:mjpls:

at the end of the day life is what you make it, its definitely overated.:trash:
and were all born into bondage. if you have any peice of identification its indication that your owned by the crown. wether that be spinards,british, or french.
our names are all in capital letters due to us being a business. which is tax'd until its no longer in existance.
one of the first things you learn in business is that a corporation is a LEGAL PERSON.:mjcry:

you gotta find happiness , and be content. :francis:
because i literally wish i was never born. because i inherited 99 problems.
not only being black, but my MOTHER has been in / out of jail my WHOLE life. and i NEVER met my father, and NEVER seen a picture to know what hed look like, :mjlol:
and NEVER , not ONCE has my mom ever spoken about him:mjcry:
:dead:
 

BaldingSoHard

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Another thing



first off. its like a pyramid scheme the way the whole system is set up. and you have to first ACKNOWLEDGE the way it is and make it work to your advantage like all big players.:pacspit:

first thing is dont do what the 'MAJORITY' of people are doing ... why? because the MAJORITY of people are broke. the MAJORITY of people are sheep. you have to think outside the box literally

and another thing is. if you 'work' aka give up your time for a dollar. you will NEVER have wealth, you may come across some type of money and think your ok due to either the lifestyle you live, or your surroundings wether that be your peers or neighborhood. but the reality is that we as human beings, only have SO MUCH TIME.

If you give up your TIME which you can NEVER get back just for a check or finances.. i mean its ok to work towards something, but theres ways of doing it.
MONEY no matter what can always come back to you. time isnt money. thats an illusion. although certain individuals time is money. but your time itself can never be equivalent
because time you can never recover. we all have the same amount in a day. so when you give up 40 hours a week theres only so much you can make in that time.
if people spent 40 hours a week trying to empower themselves and find a way where 1000$ can go in there pocket daily . theyd be much more free,
the way the system is set up is that majority of people are in DEBT. aka DEBT SLAVES:obama:
there for theres plenty of people who are willing to give up there TIME for money due to the PAYMENT they must make in a particular TIME frame wether that be monthly or bi weekly.
anyways brehs theres to much to elaborate on. but i never had a job and made 100k+ before 21 years old.:mjpls:

at the end of the day life is what you make it, its definitely overated.:trash:
and were all born into bondage. if you have any peice of identification its indication that your owned by the crown. wether that be spinards,british, or french.
our names are all in capital letters due to us being a business. which is tax'd until its no longer in existance.
one of the first things you learn in business is that a corporation is a LEGAL PERSON.:mjcry:

you gotta find happiness , and be content. :francis:
because i literally wish i was never born. because i inherited 99 problems.
not only being black, but my MOTHER has been in / out of jail my WHOLE life. and i NEVER met my father, and NEVER seen a picture to know what hed look like, :mjlol:
and NEVER , not ONCE has my mom ever spoken about him:mjcry:

Man I'm sorry you had it rough but can you take this somewhere else please this thread is not about this.
 

↓R↑LYB

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Can somebody explain to be the difference between simple IRA and Roth IRA?

The main difference between an IRA and Roth is a Roth IRA grows tax free. With an IRA it grows tax deferred. So if you have a mil in your IRA, you'll get taxed whenever you pull it out the account. When you have a Roth, whatever interest you made is tax free.
 

BaldingSoHard

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I'll tell you why.

There are 3 factors which determine how much wealth you will earn from your investments.
  • Amount invested (principal)
  • Rate of return
  • Time invested
Basically, the money you earn will be equal to the principal you invest times the rate of return over the time period of investment. Don't worry if that sentence doesn't make sense to you... by the time it matters you'll have a good understanding of this stuff.

Anyway, of those three factors, time invested is by far your greatest asset in building wealth. It's also the factor which you have the most control over. Google "compound interest" to learn more about this. It's actually very interesting.
The problem with the time factor is that you have a limited amount of it due to the contribution limits of an IRA. You are only allowed to contribute $5,500 dollars per year to a ROTH IRA. That $5,500 is the principal in the above list.
So every year you wait to start your IRA, you're missing out on:
  1. Contributions to your principal investment
  2. Time for that money to grow
Not investing in your 20's is literally a missed opportunity. You cannot get that time back and you cannot make up for the principal that you didn't invest when you had the opportunity until you're older and at that point you can't take advantage of compound interest over 30+ years. There's a reason us 30+ brehs in here are saying, "I'm pissed I didn't do this in my 20's". Because we missed out on hundreds of thousands of dollars of investment gains just due to the time we won't have to let those investments grow.

Yes, hundreds..of..thousands..of..dollars. Yes, breh. The difference between starting in your 30's and starting in your 20's is the difference between downsizing in retirement vs retiring comfortably and in your dream home.

Last and most importantly, here is a tidbit I tell to people who are wary about starting to invest.
If you were to ask any 10 investors, "Where should I put my money right now?" you would get 10 different answers. Everything from a certain stock, to mutual funds, commodities, real estate, money market accts, etc.. etc.. etc.. No two investors will give you the same answer. Having said that, there is one thing that every investor in the world can agree on. And that is that every single one of them without exception will tell you they wish they'd started investing at a younger age. The reason for that is because time is your greatest ally when building wealth. Every year you wait is a missed opportunity. Go get money, breh.

:obama:
 
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BaldingSoHard

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What stocks are you man buying

I just invested in Hasbro, they got the Disney toy contract rolling out this summer

Bouta eat off Frozen 2 and Tony Stark

Depends on your goals.

If you want something short-term, I can't help you.

If you want something long-term, you can't go wrong with SPY or BRK.B
 
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