money does not make the man

[Tenacity]

Recently, my decent paying job has told me that I may have to work out of town; we're talking Monday through Friday in a hotel and weekends at home. I've been dating my girl for a year and just recently invested in a squat rack (separate house from my gf).

Weightlifting is one of my only hobbies, one of the things that keeps me sane, and my job is potentially taking that away (no gyms near the job site), plus week nights with my gf.

I'm considering taking a lower paying job in town so I don't have to move. More because of the lifting than the gf.

You see where money might not be the biggest concern?

Lol, you guys and your justifications and rationalizations. At the end of the day, do whatever you want Bro, I know that TENACITY's a.ss is keeping money one of the top priorities in life because the amount of money I make and invest keeps building my WEALTH.......which gives me:

- More freedom to live wherever I want, move whenever I want, go wherever I want, and work wherever I want OR not have a boss at all, I could run a business solely due to having something called "investment capital" to start it.

- More opportunities to enjoy life, buy the finer things in life, etc.

- Bro my cushion period right now is over 10 years. Yes, 10 years. That means I could live off all of my assets right now until 2027 before I hit ZERO. You know what that gives me Bro? That gives me SIGNIFICANT peace of mind when it comes to money.

I also don't believe that there's NO gym in the area where you will be working at, that's insane lol. Even if you have to drive 30 - 40 minutes out, there's a damn gym somewhere man. This is just another justification/rationalization but hey.....do you.

 

[guru1000]

Some here forget that money, in fact, does help your "game." The "game" to which I refer is truly not giving a fvck (DGAF). The essence of DGAF is to think and act without restriction--shamelessly, boldly, and fearlessly. How does one act fearlessly, while, concomitantly, saddled with worries about this or next month's bills; with delinquent rent/mortgage/car/debt payments; with unstable employment; with no emergency reserves? Think about it. Worry/concern/stress cannot co-exist with, and belies, DGAF.

Funny, I bought an IPO last week (take a guess which one) in the aftermarket at its high. Since, I have been down over 25%. I noticed how all my attention was affixed on this bad play, which interrupted/halted my pitching/workflow at the office. I sold the stock today at a loss just to unload this leaching concern, allowing me to apply the 100% DGAF focus toward the business.

Eliminate all areas in your life saddling you with stress--which often deals with money. Herein is the essence of keeping your mind in its most efficient state.

 

[Tenacity]

Some here forget that money, in fact, does help your "game." The "game" to which I refer is truly not giving a fvck (DGAF). The essence of DGAF is to think and act without restriction--shamelessly, boldly, and fearlessly. How does one act fearlessly, while, concomitantly, saddled with worries about this or next month's bills; with delinquent rent/mortgage/car/debt payments; with unstable employment; with no emergency reserves? Think about it. Worry/concern/stress cannot co-exist with, and belies, DGAF.

Funny, I bought an IPO last week (take a guess which one) in the aftermarket at its high. Since, I have been down over 25%. I noticed how all my attention was affixed on this bad play, which interrupted/halted my pitching/workflow at the office. I sold the stock today at a loss just to unload this leaching concern, allowing me to apply the 100% DGAF focus toward the business.

Eliminate all areas in your life saddling you with stress--which often deals with money. Herein is the essence of keeping your mind in its most efficient state.

Yes, these guys are significantly under-estimating the POWER that comes with having a stack of money (cushion) put away. I mean I don't think I have enough room on this forum to list all of the benefits.

But in addition to what I've already listed, also think about this.........what if you lose your job or the job is downsized? Let's say it might take you another 6 months to get another full time gig.

Well, wouldn't it be great to have well over 6 months of CUSHION? This allows you to take your time, look into all opportunities, potentially relocate to other territories, etc.

I mean I hate to just be an a.sshole, but it's just fvcking STUPID for guys to get on this board and try to downplay the importance of money. It's fvcking STUPID man

 

[user43770]

I mean I hate to just be an a.sshole, but it's just fvcking STUPID for guys to get on this board and try to downplay the importance of money. It's fvcking STUPID man

Obviously there are plenty of things you can do with money. You keep harping on that like somebody has said otherwise.

All I'm saying is that there are only so many sacrifices I'm willing to make to get money. I'm doing ME, bro.

 

[9Volt]

The value people give to money is highly subjective. Objectively speaking, money is for survival. Now, more money means comfortable survival. It depends upon you how you want to live your life. Will money play a central role in your life? Only you know the answer. You want those posh cars? You know. What will do you with them? "Well they will give me happiness and status". Cut the crap. There is no link between happiness and money. You know how super rich people fall into depression sometimes. You want status in the society. OK. But again, its for your ego. Money is helping you in that. But the real purpose of money was to feed you. Now you are using it to inflate your ego. Your choice.

 

[BeExcellent]

In a very basic sense money enables you to meet your basic needs. Beyond that financial matters become about choice.

You have a man like @Bible_Belt who has made lots of money previously and now is satisfied with basic needs and pursuit of pleasure without extending too much effort. In a way he exercises dominion over his choices whether someone else thinks it's a cop out or not...in Bible Belts world only thing that matters is what suits him.

You have @bigneil who enjoys the adult nightlife world and the access to pretty young women and who makes enough money to lavish on his girl or girls as he pleases. He is a grown man & whether or not it's what some other man would do he is happy with his situation in much the same way as Bible Belt is happy with his, although the situations are different.

You have @Tenacity who is driven, ambitious and focused on setting himself up for posterity, which is a noble cause but has a different focus than the pursuit of pleasure that Neil & Bible prefer. And Tenacity is not lacking for female company while chasing his pursuits.

You have @Von who is similar to Tenacity focused on building his business first and women are a secondary consideration.

You have @guru1000 and @l_e_g_e_n_d who enjoy the thrill of the deal the way a trophy hunter loves hunting big game and they also enjoy the spoils and privilege their pursuits create, they love the reward and the win as much or more than the money although more is better from an empirical standpoint, and they enjoy the attention their success brings them in women & lifestyle.

There is myself who enjoys the creation of passive wealth for the purpose of freeing myself to do what I want when I want. I want an income stream that comes in with minimal effort from me compared to say working full time or actively running a business.

In all the scenarios above the clarity of focus creates power. Clarity of purpose creates options.

Guess what? I can work without sacrificing my integrity. If a client wants me to take an ill advised shortcut or make a questionable ethical decision that may create short term financial spoils (pressures commonly seen in business), I have afforded myself the power and ability to refuse. Have I been fired for refusing to scrap principle? Yup. Several times. I don't fret. I have other income & a sterling reputation (far more valuable to me than a few dollars gained cutting corners). I have the power to say No professionally when I see something out of line.

Eventually I'll have the power to choose if I work at all in my industry and at the same time the freedom to pursue various creative endeavors I have talent for and wish to monetize. Eventually as in very soon (I probably could make the transition now but for college tuitions looming on the horizon...)

Dating fits into the lives of all the people I mentioned, myself included, as a secondary matter and in a way which is complementary to each individual's focus and goals. Tenacity might want to have kids one day...he might marry if he finds a good enough girl...I could care less about getting married and I'm done with having kids (Yay) but I really enjoy male companionship so long as as its not suffocating, lol.

So for those of you without a life plan or a path (even if it is a path of a good time Charlie) you are drifting and looking for direction. Figure that out first & let the rest come to you in a secondary manner.

Student to Sage: "Master, which way do I go?"

Sage to Student: "Depends on your destination son."

 

[Tenacity]

In a very basic sense money enables you to meet your basic needs. Beyond that financial matters become about choice.

You have a man like @Bible_Belt who has made lots of money previously and now is satisfied with basic needs and pursuit of pleasure without extending too much effort. In a way he exercises dominion over his choices whether someone else thinks it's a cop out or not...in Bible Belts world only thing that matters is what suits him.

You have @bigneil who enjoys the adult nightlife world and the access to pretty young women and who makes enough money to lavish on his girl or girls as he pleases. He is a grown man & whether or not it's what some other man would do he is happy with his situation in much the same way as Bible Belt is happy with his, although the situations are different.

You have @Tenacity who is driven, ambitious and focused on setting himself up for posterity, which is a noble cause but has a different focus than the pursuit of pleasure that Neil & Bible prefer. And Tenacity is not lacking for female company while chasing his pursuits.

You have @Von who is similar to Tenacity focused on building his business first and women are a secondary consideration.

You have @guru1000 and @l_e_g_e_n_d who enjoy the thrill of the deal the way a trophy hunter loves hunting big game and they also enjoy the spoils and privilege their pursuits create, they love the reward and the win as much or more than the money although more is better from an empirical standpoint, and they enjoy the attention their success brings them in women & lifestyle.

There is myself who enjoys the creation of passive wealth for the purpose of freeing myself to do what I want when I want. I want an income stream that comes in with minimal effort from me compared to say working full time or actively running a business.

In all the scenarios above the clarity of focus creates power. Clarity of purpose creates options.

Guess what? I can work without sacrificing my integrity. If a client wants me to take an ill advised shortcut or make a questionable ethical decision that may create short term financial spoils (pressures commonly seen in business), I have afforded myself the power and ability to refuse. Have I been fired for refusing to scrap principle? Yup. Several times. I don't fret. I have other income & a sterling reputation (far more valuable to me than a few dollars gained cutting corners). I have the power to say No professionally when I see something out of line.

Eventually I'll have the power to choose if I work at all in my industry and at the same time the freedom to pursue various creative endeavors I have talent for and wish to monetize. Eventually as in very soon (I probably could make the transition now but for college tuitions looming on the horizon...)

Dating fits into the lives of all the people I mentioned, myself included, as a secondary matter and in a way which is complementary to each individual's focus and goals. Tenacity might want to have kids one day...he might marry if he finds a good enough girl...I could care less about getting married and I'm done with having kids (Yay) but I really enjoy male companionship so long as as its not suffocating, lol.

So for those of you without a life plan or a path (even if it is a path of a good time Charlie) you are drifting and looking for direction. Figure that out first & let the rest come to you in a secondary manner.

Student to Sage: "Master, which way do I go?"

Sage to Student: "Depends on your destination son."

Excellent post, also another thing we haven't pointed out is the fact that your Career could be your PASSION. Which means making money is something you love to do, which again, links money to happiness lol.

Does my Career come with big money? Yes! (I define big money as the ability to make over 6 figures a year).

But I also love what I do. I don't punch a clock and I don't work by the hour. If it takes 20 hours a week or 80 hours a week, I don't really care......because I'm having the TIME of my life doing what I'm passionate about (Commercial Finance).

 

[PrettyBoyAJ]

Yes, these guys are significantly under-estimating the POWER that comes with having a stack of money (cushion) put away. I mean I don't think I have enough room on this forum to list all of the benefits.

But in addition to what I've already listed, also think about this.........what if you lose your job or the job is downsized? Let's say it might take you another 6 months to get another full time gig.

Well, wouldn't it be great to have well over 6 months of CUSHION? This allows you to take your time, look into all opportunities, potentially relocate to other territories, etc.

I mean I hate to just be an a.sshole, but it's just fvcking STUPID for guys to get on this board and try to downplay the importance of money. It's fvcking STUPID man

We gotta chop it up on where you invest your money. Also 10 years?? you must be pretty conservative on expenses. Good stuff.

I agree with most things you are saying here though. Money does come in handy!

 

[Von]

In a very basic sense money enables you to meet your basic needs. Beyond that financial matters become about choice.

You have a man like @Bible_Belt who has made lots of money previously and now is satisfied with basic needs and pursuit of pleasure without extending too much effort. In a way he exercises dominion over his choices whether someone else thinks it's a cop out or not...in Bible Belts world only thing that matters is what suits him.

You have @bigneil who enjoys the adult nightlife world and the access to pretty young women and who makes enough money to lavish on his girl or girls as he pleases. He is a grown man & whether or not it's what some other man would do he is happy with his situation in much the same way as Bible Belt is happy with his, although the situations are different.

You have @Tenacity who is driven, ambitious and focused on setting himself up for posterity, which is a noble cause but has a different focus than the pursuit of pleasure that Neil & Bible prefer. And Tenacity is not lacking for female company while chasing his pursuits.

You have @Von who is similar to Tenacity focused on building his business first and women are a secondary consideration.

You have @guru1000 and @l_e_g_e_n_d who enjoy the thrill of the deal the way a trophy hunter loves hunting big game and they also enjoy the spoils and privilege their pursuits create, they love the reward and the win as much or more than the money although more is better from an empirical standpoint, and they enjoy the attention their success brings them in women & lifestyle.

There is myself who enjoys the creation of passive wealth for the purpose of freeing myself to do what I want when I want. I want an income stream that comes in with minimal effort from me compared to say working full time or actively running a business.

In all the scenarios above the clarity of focus creates power. Clarity of purpose creates options.

Guess what? I can work without sacrificing my integrity. If a client wants me to take an ill advised shortcut or make a questionable ethical decision that may create short term financial spoils (pressures commonly seen in business), I have afforded myself the power and ability to refuse. Have I been fired for refusing to scrap principle? Yup. Several times. I don't fret. I have other income & a sterling reputation (far more valuable to me than a few dollars gained cutting corners). I have the power to say No professionally when I see something out of line.

Eventually I'll have the power to choose if I work at all in my industry and at the same time the freedom to pursue various creative endeavors I have talent for and wish to monetize. Eventually as in very soon (I probably could make the transition now but for college tuitions looming on the horizon...)

Dating fits into the lives of all the people I mentioned, myself included, as a secondary matter and in a way which is complementary to each individual's focus and goals. Tenacity might want to have kids one day...he might marry if he finds a good enough girl...I could care less about getting married and I'm done with having kids (Yay) but I really enjoy male companionship so long as as its not suffocating, lol.

So for those of you without a life plan or a path (even if it is a path of a good time Charlie) you are drifting and looking for direction. Figure that out first & let the rest come to you in a secondary manner.

Student to Sage: "Master, which way do I go?"

Sage to Student: "Depends on your destination son."

Damn, you hit the nail.... how you know me that much ?

Indeed.... for me right now until my business is in cruise mode... women feel more like accessories (too much work for little ROI, time comsuming).

My social life is getting better in term of building relationships: getting group of friends, girls inviting me for stuff and making body contact... etc... but I go out only on Saturday for friends and dates.

Scarcity mode... didn't have a date in 3 months. Don't care

So much pressure and stuff going on.... girls ain't a priority.... where I meet them now? Gym, Friend, Dance

Money is on my mind, taking over the family business, and I can't control that other than the effort I put. Once it's done... i'll be in a state of free of mind to flirt and plate spin again.

Yet, I have started to live fully in the present: Enjoy, Take, Develop.... There is no shyness, I build my body, my mind, my business... so I say now: I am more happy than ever... because the time I use... is always my best... always the best version of me.

Heck, even my nutrionist wants to do Hot Yoga with me lol. So the network in the ''friend'' is growing, the business is growing, I have a focus mind.

People tell ask me : how is your sex life, dating etc... my answer: I live the life of monk.... dedicated to my art ....
Humour is a powerful tool.

The only deterence I have with girls and dating is when I feel they might want the ''date mode'' and take my time out of my frame.... I block them... even if they interest me... i'll get back to them later.

Like Tenacity wrote... passion and having fun is key... right now that's what I have although I have no idea if I will succeed and even if it work that there will be a futur tomorrow. I work 8am to 11pm, Monday to Friday... I study around 30 hours a week after that (all nights and weekend) but find time to do 1h30 gym/dance 3 times a week

PS: When I wrote this post... I had sent a link to an event to some girl I meet throught friends and that I saw a connection... She replied with a clear intention of going with me... might have a date lol (Her reply: Sounds interesting, when do we go.... wrote in 3 text lines at X day, X time, Join me)

 

[taiyuu_otoko]

Funny, I bought an IPO last week (take a guess which one)

pets dot com?

 

[guru1000]

pets dot com?

SNAP (SnapChat)

I unloaded 75% of my position, holding the remaining long-term.

We either have another FaceBook (400%+) or Twitter (75% down). Company has 300M users, premium age group for marketing, great potential to capitalize further, novel social media--but slowing growth last 5 months and giants (FB) competing. Overall, speculative investment, I should have done more due diligence before I jumped.

 

[Von]

SNAP (SnapChat)

I unloaded 75% of my position, holding the remaining long-term.

We either have another FaceBook (400%+) or Twitter (75% down). Company has 300M users, premium age group for marketing, great potential to capitalize further, novel social media--but slowing growth last 5 months and giants (FB) competing. Overall, speculative investment, I should have done more due diligence before I jumped.

Facebook is eating them alive. Snap will have a takeover.

Twitter is gone (no growth)

Do we have a new buble? Nah. Cause most startup are private.
Passive Investment products will be the buble

 

[taiyuu_otoko]

Company has 300M users, premium age group for marketing, great potential to capitalize further, novel social media--but slowing growth last 5 months and giants (FB) competing. Overall, speculative investment, I should have done more due diligence before I jumped.

Um, yeah. Sure..

Barron's bashed the stock over the weekend, following Pivotal's initial "sell" rating and Needham analyst Laura Martin writes in a note today that Snap is a “lottery-like” stock, and while lottery tickets sometimes pay off, risks for Snap include a total addressable market that’s 80% smaller than Facebook’s and no clear path to profitability before 2020. Rates new underperform, with share value of $19-$23; says share price should decline based on FB and Google EV/sales ratios. Other negatives include competitors replicating Snap’s best ideas and margin trajectory.

 

[guru1000]

Um, yeah. Sure..

Barron's bashed the stock over the weekend, following Pivotal's initial "sell" rating and Needham analyst Laura Martin writes in a note today that Snap is a “lottery-like” stock, and while lottery tickets sometimes pay off, risks for Snap include a total addressable market that’s 80% smaller than Facebook’s and no clear path to profitability before 2020. Rates new underperform, with share value of $19-$23; says share price should decline based on FB and Google EV/sales ratios. Other negatives include competitors replicating Snap’s best ideas and margin trajectory.

Barron, with 50% accuracy, says lottery ticket, a/k/a "worthless."

Street says $22.91/share or 26.48 billion market cap.

Hmm,

I think I'll go with the street analysis. Rule of thumb in the future: Whatever the analysts say, after your own due diligence, choose differently 50% of the time.

 

[Bible_Belt]

I should have done more due diligence before I jumped.

hindsight is 20/20, but I wouldn't have anything to do with an IPO until 90 days had passed and shares were available to short. When they only let traders take one side of the market, and the thing still can't go up...it's a dog.

I'm one of the 'money-doesn't-matter' crowd, but I love the markets and trading, or at least talking about trading stocks. I don't think of it as money.

 

[guru1000]

hindsight is 20/20, but I wouldn't have anything to do with an IPO until 90 days had passed and shares were available to short. When they only let traders take one side of the market, and the thing still can't go up...it's a dog.

In July, the insiders and restricted stock can sell, so we can expect a dip then. We're in a bull market. My gambling investments don't exceed more than 5% of my portfolio, with my holding in this company currently at .7% (previous to the 2.8%).

No fundamentals, yet, for significant appreciation. Would you bet black on a Roulette table with a 4:1 win? No biggie, either way.

 

[Bible_Belt]

Would you bet black on a Roulette table with a 4:1 win?

I don't know anything about gambling, because I've never done it. Gambling is about money, and money is stupid. Trading, on the other hand, is an art. And art is completely divorced from the world of money.

 

[guru1000]

Would you bet black on a Roulette table with a 4:1 win?

I don't know anything about gambling, because I've never done it. Gambling is about money, and money is stupid. Trading, on the other hand, is an art. And art is completely divorced from the world of money.

The irony. Day trading is gambling. I have yet to see a solvent day trader over the past 20 years--you included. Positional trading, over time, well that's different.

 

[Tenacity]

^^^^ Ahhhhh....I love the Finance/Money related discussions

 

[Bible_Belt]

The irony. Day trading is gambling. I have yet to see a solvent day trader over the past 20 years--you included. Positional trading, over time, well that's different.

Computer trading is what killed day trading. I can slay the humans, with their silly emotions, but going up against the computers is like playing chess against Big Blue. Humans don't stand much of a chance against computers.

But as far as the art of trading goes, the same things work on all time frames. Look at that beautiful 50% Fib retracement that the nasdaq did, from the peak in 2000, to the bottom of the first big dip, the bounce up is 50%. I can tell just from eyeballing the chart. It's the same pattern over and over, in all time frames.