Kid McNamara
'97 Mike Bibby
Haven't read it.
Zappos CEO and Billionaire Tony Hsieh lives in a $950 per month, 250 sq ft trailer
- Thread starter A1aaa
- Start date
Haven't read it.
philmonroe
Superstar
Oh ok he says the same thing and outside of that book I haven't heard people say it like that regarding how,you get money so I thought you read it. Its a good book a lot of people would,like instead of the being rich when you 60 flow you spoke on.
nah...when you are a billionnaire
you just live opulently off part of the bond interest money and reinvest the rest; while still cake off the stock market, since you are on the inside of all the information networks
Wealth is built by creating value, whether you write a book 40 million people love (and purchase) or youre on an NBA team people pay to watch. That's how you build wealth. And after making it, investing and buying assets that earn income rather than just saving. Middle class people want to save. Rich people want to earn and invest. But some of the principles still apply. You still need to spend your money wisely or else you end up somewhere like Vin Baker.
Kid McNamara
'97 Mike Bibby
Exactly.
I would have the same mind state as him but i would buy a decent 3-4 bedroom house(400-500k). I always said if i were rich,i wouldnt get a mansion. There's no damn point in it at all. I mean even with a family of 4 it would be exaggeration.
I cant co-sign dude living in a trailer though. maybe if it was bigger
I cant co-sign dude living in a trailer though. maybe if it was bigger
Kid McNamara
'97 Mike Bibby
Final Post:
Even if you contribute $17,500 per year for the next 30 years. That is $525K. Lets go ahead and 4x that just to make you feel richer. That’s $2M. The catch? You’re 60. Oh and by the way? Due to inflation that $2M is only worth $1M in today’s dollars.
If you do not believe that a million or two by 60 is not an accomplishment, go and volunteer at a hospital. It is a great experience. It is a disturbing experience. Every single “rich” person you meet will tell you they wish they lived their lives for themselves and not for other people… saving and waiting for the perfect time to enjoy life… That never happened. Try to keep that bubbly smile on your face as you realize these men and women have money but no way to enjoy it.
… What does this have to do with thinking big? Everything.
Once you realize that you only have 30 years to live. Ages 25-55, you’re going to start building real skills. Time is not on your side. Once you really understand that this is the only time frame for fun and enjoyment, you’re not going to worry about missing your friend’s bachelors party or missing the next sporting event, you’re worried about maximizing you. Finally, once you realize the clock is always ticking, you’re going to start thinking in terms of scale and leverage instead of time and wages.
The paragraphs above will unlikely stick with anyone who reads it. They will simply nod and agree and go back to reading about the latest sporting event, celebrity gossip, or swiping on tinder.
All this means for the people who get it? There is no competition.
I'm out.
Even if you contribute $17,500 per year for the next 30 years. That is $525K. Lets go ahead and 4x that just to make you feel richer. That’s $2M. The catch? You’re 60. Oh and by the way? Due to inflation that $2M is only worth $1M in today’s dollars.
If you do not believe that a million or two by 60 is not an accomplishment, go and volunteer at a hospital. It is a great experience. It is a disturbing experience. Every single “rich” person you meet will tell you they wish they lived their lives for themselves and not for other people… saving and waiting for the perfect time to enjoy life… That never happened. Try to keep that bubbly smile on your face as you realize these men and women have money but no way to enjoy it.
… What does this have to do with thinking big? Everything.
Once you realize that you only have 30 years to live. Ages 25-55, you’re going to start building real skills. Time is not on your side. Once you really understand that this is the only time frame for fun and enjoyment, you’re not going to worry about missing your friend’s bachelors party or missing the next sporting event, you’re worried about maximizing you. Finally, once you realize the clock is always ticking, you’re going to start thinking in terms of scale and leverage instead of time and wages.
The paragraphs above will unlikely stick with anyone who reads it. They will simply nod and agree and go back to reading about the latest sporting event, celebrity gossip, or swiping on tinder.
All this means for the people who get it? There is no competition.
I'm out.
Dude a hero out here in this materialistic society......
The_King_of_Everything
Yeah.
It's the usual
From an older thread
]http://www.thecoli.com/threads/what-are-your-career-aspirations.214282/
Dude is living part of my dream
Doing freelance work all over the world at will and live mobile out of an airstream classic trailer hitched to an SUV
]http://www.thecoli.com/threads/what-are-your-career-aspirations.214282/
Dude is living part of my dream
Bigtymer301
Mr. Roll-Up
No buddy its clear you don't know shyt about money. Do you even understand wealth.I'm really only on here for entertainment anyways, so Imma explain it one more time, and after that, I you got it. Go do wtf you want with your money, because at the end of the day that shyt don't affect me, and idgaf what you do with yours. I aint selling nothing!!
First off, if you read what I have said, nowhere does it say anything about cutting coupons. The fact that you associate being frugal, with clipping coupons, tells me exactly all I need to know about your knowledge of finances. Planning, and budgeting r key pieces to financial success whether it is personal finance, or business finance. Accumulating a net worth of a million dollars is nothing to sneeze at, and I know people who have done it and are barely 30. The budgeted their finances, invested a percentage of everything they made, save their money and are frugal( they carefully weigh whether r not to make purchases, and don't buy an abundance of unnecessary items). Guess what, no event or series of events led them to getting to this point. They made it there by sacrificing, making goals, and staying on course towards those goals. Wealth is objective to some degree, but if your thinking it takes 10+ million to be considered wealthy, you are telling everyone you have never experienced, nor have any concept of wealth. I'm literally laughing at how a nikka who prolly (I'm guessing) never had a million, can shyt on it like it ain't nothing. Do you even know the meaning of net worth? If you have a net worth of over one million dollars, in the US, you are considered wealthy. If you think you can't get rich by doing the things mentioned, by all means blow your cash and live how you want. It's advice, take it or leave it. Now I don't know you, or your situation, but the things that I am saying are coming directly from the mouths of wealthy people, from the mouths of financial advisors, from the mouths of accountants. When you want information on a subject it is always better to go to the source. So tell me, should I believe what they are saying, and are showing with empirical data, or am I suppose to believe what some random nikka I don't know says. Why don't you go consult some experts on the topic, before you start running off at the mouth like you know what your talking about.....playboi!
Kid McNamara
'97 Mike Bibby
Bigtymer301
Mr. Roll-Up
You still on this.
He right, nobody gets rich saving 10k a year. "The budgeted their finances, invested a percentage of everything they made, save their money and are frugal( they carefully weigh whether r not to make purchases, and don't buy an abundance of unnecessary items)" I quoted what I said earlier for you. Either you are too dumb to comprehend, or can't read, because nowhere did I say, saving alone will make you rich. Believe what you want, IDGAF!!
yea but most rich people arnt billionaires