Beware the "Life Coach"

[guru1000]

Tenacity, good for you, however the point being that the investor who invests his monies into R/E located in municipalities with strong economic growth/development and increasing populations and leveraging his down payment with mortgage debt by 300-400% with a min DSCR of 125% is in a far superior position for wealth than an investor like you who holds his liquidity strictly in bonds, stocks, cds.

 

[Tenacity]

Tenacity, good for you, however the point being that the investor who invests his monies into R/E located in municipalities with strong economic growth/development and increasing populations and leveraging his down payment with mortgage debt by 300-400% with a min DSCR of 125% is in a far superior position for wealth than an investor like you who holds his liquidity strictly in bonds, stocks, cds.

What if said "investor" isn't that knowledgeable in real estate?

BeTheChange has his "way" and I have my "way", you are comparing apples and oranges. He's in real estate which has its own SEPARATE lists of risks and I'm in stocks/bonds/fixed income which has its own SEPARATE lists of risks.

 

[BeTheChange]

What if said "investor" isn't that knowledgeable in real estate?

BeTheChange has his "way" and I have my "way", you are comparing apples and oranges. He's in real estate which has its own SEPARATE lists of risks and I'm in stocks/bonds/fixed income which has its own SEPARATE lists of risks.

By your own admission "your way" is low risk and as such low reward. The slow and steady route is nothing to sniff at but realistically given our low starting point you would be building wealth for your retirement at 60+ (or worse, almost solely for your children's benefit!).

I'd rather build something I can enjoy in a reasonable time frame. I want the trappings of success. I'd rather put it all on red and be a millionaire at 35 than take the steady path and get there 20 years later.
I won't consider allocating funds to an investmentment opportunity unless the projected annual ROI is atleast 10% - 15%. Go big or go home.

For example my first investment property is a foreclosure. Because of my good credit I managed to get a mortgage with only a 5% deposit. Leveraged to my eyeballs (and risky as hell) but the annual ROI from the net income alone is c. 30%, and that takes into account the deposit and the additional equity put in through all the money spent on refurbishments, flooring, fitting in new pipes, etc. Add in the cap appreciation due to the fixtures and fittings and we are approaching over 100% ROI.

No risk no reward.

 

[guru1000]

By your own admission "your way" is low risk and as such low reward. The slow and steady route is nothing to sniff at but realistically given our low starting point you would be building wealth for your retirement at 60+ (or worse, almost solely for your children's benefit!).

I'd rather build something I can enjoy. I want the trappings of success. I'd rather put it all on red and be a millionaire at 35 than take the steady path and get there 20 years later.
I won't consider allocating funds to an inveetment opportunitt unless the projected annual ROI is atleast 10% - 15%.

No risk no reward.

I'd say Tenacity is at greater risk by failing to invest into R/E at 400% leveraged debt in strong municipalities and evolving neighborhoods where historically EVERY property EVERY 20 years increases 3x in value for a total return of 1200% every 20 years paying down to zero debt, and further leveraging those properties in the interim for more purchases at 20-25% DP at 125% DSCR or better.

Bottomline, Tenacity's way is the sheep (shvt) way of investing by comparison.

 

[Tenacity]

Guru and BeTheChange, you guys are again arguing apples to oranges. The index funds and fixed income investments I lined out are passive investments, not active investments. You cannot compare your active business enterprises (which real estate fix/flips is a business) to a passive vehicle like a Total Bond Index Fund .

I'd rather put it all on red and be a millionaire at 35 than take the steady path and get there 20 years later.
I won't consider allocating funds to an investmentment opportunity unless the projected annual ROI is atleast 10% - 15%. Go big or go home.

This is an active investment, not a passive one. The index funds and fixed income vehicles I outlined are passive investments, these are investments you put your savings into AFTER you have done some sort of active activity like running a business and/or making wages in a position.

For example my first investment property is a foreclosure. Because of my good credit I managed to get a mortgage with only a 5% deposit. Leveraged to my eyeballs (and risky as hell) but the annual ROI from the net income alone is c. 30%, and that takes into account the deposit and the additional equity put in through all the money spent on refurbishments, flooring, fitting in new pipes, etc. Add in the cap appreciation due to the fixtures and fittings and we are approaching over 100% ROI.

This is an active investment, not a passive one.

I'd say Tenacity is at greater risk by failing to invest into R/E at 400% leveraged debt in strong municipalities and evolving neighborhoods where historically EVERY property EVERY 20 years increases 3x in value for a total return of 1200% every 20 years paying down to zero debt, and further leveraging those properties in the interim for more purchases at 20-25% DP at 125% DSCR or better.

I invest in what I understand. I don't understand day trading of stocks nor all of the nuisances of flipping real estate, so I don't do it.

Bottomline, Tenacity's way is the sheep (shvt) way of investing by comparison.

I completely disagree because most people don't even save/invest, so saving and investing over the long term in GENERAL, makes you completely different than the pack (or the sheep).

 

[guru1000]

Active/Passive is irrelevant. You can only invest your time and your money, and use these two instruments to maximize your end return. Your returns mirror everyone else's who have managed retirement plans. Sorry my friend, but your investment strategy relegates you to just another member of the sheep investors waiting to be gobbled up by the wolf [of Wall St].

Time for you to learn, think, and invest outside the box.

 

[Tenacity]

Active/Passive is irrelevant.

Guru this statement makes no sense whatsoever.

- An active investment means I'm taking 10 - 40 hours a week (or more) to actively manage the investment to acquire the returns. A passive investment means I'm literally just putting money into an account and letting the money do the WORK for me.

- An active investment (if properly managed) should always outperform a passive investment due to more time, energy, and resources being utilized. So yes, you should see returns of 50%, 100%, 200%, 300%, 500%, etc. in active investments because of the amount of resources being put on the table.

- A good passive investment should only see 2% - 7% in returns, because after all, it's passive.

- The structure to take is to have excellent active investments/operations (whether that's a business or a career, or both), manage your expenses/tax costs efficiently, so you can have a LOT left over at the end of the year to then put into passive investments.

Time for you to learn, think, and invest outside the box.

Translation: It's time for you to start speculating on individual stocks and flipping real estate.

Tenacity's Response: I'll pass and stick to the investments (active and passive) that I know

 

[guru1000]

This reply to you will take 30 seconds, as any more time invested into your mediocrity-based thinking is an insult to me.

I spend no more than two hours a week co-managing my portfolio with estimated returns north of 1200% over 20 years not including the intermittent returns of positive cash flow or exponential growth of refi-cash pull outs to leverage the purchase of other similar properties.

You spend little time every week to get a 7% annual return, or 200+% compounding, over 20 years--WITH SIMILAR RISK and GREATER opportunity costs than I assume in my stratagem.

My entire net worth (which is a product of time and money) will grow at a rate of more than 6x yours.

You strategy is financially juvenile. Continue to preach your investment strategies to the two suicidals in this thread. But real investors know your returns are entirely mediocre (at best)--LIKE YOU.

 

[Tenacity]

I spend no more than two hours a week co-managing my portfolio with estimated returns north of 1200% over 20 years not including the intermittent returns of positive cash flow or exponential growth of refi-cash pull outs to leverage the purchase of other similar properties..

Okay do you care to share in FULL DETAILS with the forum, what exactly is this portfolio that you are using? I would love to know the full details on what's in it, how you structured it, etc.

From there, I can do my own individual analysis privately.

 

[Tenacity]

Continue to preach your investment strategies to the two suicidals in this thread. But real investors know your returns are entirely mediocre (at best)--LIKE YOU.

Hey buddy, calm down lol. We ALL know you still have something "against" Tenacity because I called you out a year ago lol. Get over it.

I would love to see more details on your 1,200% return portfolio that only takes you 2 hours a week to manage.

 

[guru1000]

After a few seconds of consideration, I reject your request, for reasons already outlined here. But I will share with others the full R/E stratagem after the post on "mental paradigms."

And yes, I despise those who praise mediocrity as a virtue to be strived for.

 

[Tenacity]

After a few seconds of consideration, I reject your request, for reasons already outlined here. But I will share with others the full R/E stratagem after the post on "mental paradigms."

And yes, I despise those who praise mediocrity as a virtue to be strived for.

Who are these "others" you are going to share the plan with? You have literally spent the last day shooting down the full plan I posted publicly, saying that your plan is much better, builds much more wealth, and how my plan is just for "the average mediocre" idiot lol.

Then when I ask you to post your fvcking plan, you say number one, the posting has to be delayed, then number two, you are only going to post the plan to "certain" individuals? I assume in a Private Message lol?

Lol, this is why I called you out before Guru, that comes off as shady.

Post that fvcking plan RIGHT HERE in this thread or in that BeTheChange thread, just like I posted my plan. No private messages.

 

[BlueAlpha1]

You strategy is financially juvenile. Continue to preach your investment strategies to the two suicidals in this thread. But real investors know your returns are entirely mediocre (at best)--LIKE YOU.

Getting advice from legend/guru/Ponzi about finances is like getting advice from Matt Forney about fitness.

You're not an investor. You're a clown in stolen Armani suits.

 

[Tenacity]

Getting advice from legend/guru/Ponzi about finances is like getting advice from Matt Forney about fitness.

You're not an investor. You're a clown in stolen Armani suits.

Lol, yes, I don't know what Guru's problem is with me bro?

- Tenacity posts pics of chicks he has been with, Guru responds: "Well, she's not a HB10 so she's worthless".

- Tenacity posts pics of his fitness progression, finally getting a 6 pack, Guru responds, "Well, you don't look like The Rock, so you're worthless."

- Tenacity details his current net worth, which all reports put me in the "high achiever" category at age 33 , but Guru responds, "Well, you don't have a $1 million net worth, so you're worthless."

- Tenacity details his plans from now until retirement, full of solid plans for career growth, more business investments, and passive investments, but Guru responds, "Well, you aren't flipping real estate nor doing day trading of stocks, so you're worthless."

- Tenacity posts pics of his new Red Hot Camaro on 24s, Guru responds, "Well, it's not a Bentley or Ferrari, so it's worthless."

Are you noticing a pattern here bro? I can't WIN with this Guru guy lol!

Hell, if I found the cure for Breast Cancer tomorrow and ran here on the forum to talk about my new discovery.....Guru would respond, "Well, it took you long enough to find the cure, so because you didn't find it sooner, you're worthless."

 

[BlueAlpha1]

"I'd rather put it all on red and be a millionaire at 35 than take the steady path and get there 20 years later."

-BeTheChange

You hear this? Bet it all in red and become a millionaire! Whoever is not busy in the thread, fly to Florida and we'll go hit up the Roulette table at our casino and just become millionaires!

And if that doesn't work, we'll just "quit our jobs, follow our dreams and have a paradigm shift" and no doubt the millions will follow according to Tony Robbins.

 

[Tenacity]

"I'd rather put it all on red and be a millionaire at 35 than take the steady path and get there 20 years later."

-BeTheChange

You hear this? Bet it all in red and become a millionaire! Whoever is not busy in the thread, fly to Florida and we'll go hit up the Roulette table at our casino and just become millionaires!

And if that doesn't work, we'll just "quit our jobs, follow our dreams and have a paradigm shift" and no doubt the millions will follow according to Tony Robbins.

Right and while he can certainly pursue that strategy, I think it's also valuable to list out the drawbacks/risks to said strategy. I mean there IS a chance that you can get over-leveraged, changes occur in the market, and you end up in a losing environment with BeTheChange's plan.

- With every investment (no matter if it's active or passive) there are risks.

- I think BeTheChange said earlier that my "path" had very low risks, well that can't be further from the truth? Since when is investing in Index Funds risk-free? Since when does running a consulting office come risk-free?

- There are risks to everything, the key here is investing in what you know and UNDERSTAND, so you can properly mitigate the risks and acquire the rewards.

Everybody does not understand day trading nor all of the nuisances of flipping real estate, those are two very complex investment strategies and there's no way in hell I would promote them to ANYBODY as being something that's "easy" to setup/manage, to where you can just work 2 hours a week making 1,200% - 3,000% returns. I mean give me a break.

 

[BlueAlpha1]

Right and while he can certainly pursue that strategy, I think it's also valuable to list out the drawbacks/risks to said strategy. I mean there IS a chance that you can get over-leveraged, changes occur in the market, and you end up in a losing environment with BeTheChange's plan.

- With every investment (no matter if it's active or passive) there are risks.

- I think BeTheChange said earlier that my "path" had very low risks, well that can't be further from the truth? Since when is investing in Index Funds risk-free? Since when does running a consulting office come risk-free?

- There are risks to everything, the key here is investing in what you know and UNDERSTAND, so you can properly mitigate the risks and acquire the rewards.

Everybody does not understand day trading nor all of the nuisances of flipping real estate, those are two very complex investment strategies and there's no way in hell I would promote them to ANYBODY as being something that's "easy" to setup/manage, to where you can just work 2 hours a week making 1,200% - 3,000% returns. I mean give me a break.

Don't even bother with it bro. BeTheChange just admitted his strategy is "betting it all on red and becoming a millionaire by age 35". Well apparently this silly man has not heard of the house advantage, and I'm not just talking about roulette tables. The vast majority of people who invest in real estate and ESPECIALLY the market fail miserably. It is not for the weak at heart.

BeTheChange is just like my friend who is "finna be the greatest rapper who ever lived wit a 500 mil net worth". He swears he's going to be on Forbes 30 Under 30. Except it's all bloated rhetoric and there is no concrete plan. Becoming a millionaire by age 35 requires either:

A. An inheritance
B. A LOT of luck (winning the lotto or timing the right stock at the right time)
C. Once in a lifetime talent (physical, music, anything that will catapult you to celebrity status)

Let's say there's a 5% chance you come from a very rich family and may inherit the money, a 1% chance of ever winning a big pot of cash in one shot, and an 1% chance that your talent in one area is so great it'll make you rich. That's a 7% chance of making it big at a very young age, and that's ASSUMING you have the initial capitol to take that chance.

Now, only a FOOL would "bet the entire house on red" on the 1% chance of making a 10,000% ROI. This kind of mindset makes poor people go broke at casinos. "All I need to do is get the three fiery 7's one time and I'll be rich!"

The vast, vast, vast majority of people do it your way. And having a $1 million net worth by 45-50 is not mediocre. There are a million millionaires in the country, and 330 total people. That means only 1/330 Ameircans will become a millionaire in their lifetime, and it is an accomplishment. By definition, this cannot be mediocre. No one is saying to stop at a million, but that is a checkpoint very few people will ever see, so don't let these two cartoon characters say otherwise.

Of course, to a billionaire, even those at the low end of the 1% are "mediocre". To Bill Gates, an athlete with a $100 million net worth is mediocre. But Ponzi/legend/guru is no Bill Gates. He's playing a cartoon character on the internet.

These two clowns are get rich quick pedalers who are probably just a month away from dropping their own online course with the "proven steps", and are trying to convince their first potential clients (the readers of this thread) of their next "sales funnel" scheme.

 

[BlueAlpha1]

Right and while he can certainly pursue that strategy, I think it's also valuable to list out the drawbacks/risks to said strategy. I mean there IS a chance that you can get over-leveraged, changes occur in the market, and you end up in a losing environment with BeTheChange's plan.

- With every investment (no matter if it's active or passive) there are risks.

- I think BeTheChange said earlier that my "path" had very low risks, well that can't be further from the truth? Since when is investing in Index Funds risk-free? Since when does running a consulting office come risk-free?

- There are risks to everything, the key here is investing in what you know and UNDERSTAND, so you can properly mitigate the risks and acquire the rewards.

Everybody does not understand day trading nor all of the nuisances of flipping real estate, those are two very complex investment strategies and there's no way in hell I would promote them to ANYBODY as being something that's "easy" to setup/manage, to where you can just work 2 hours a week making 1,200% - 3,000% returns. I mean give me a break.

What I want to know is what percentage of these "gurus" (Robbins, Burchard, Corey Wayne) inherited a substantial amount of money that helped them get started.

All these "life coaches" have a rags to riches story about living in a trailer with $47 in their bank account and how they defied the odds. My question is WHO DIED shortly after? OF COURSE these guys are going to leave that detail out of their sales funnel pitches, but there's a great chance that's how many of them got started. Even Donald Trump, with a 4 billion net worth, attributes the "small loan of $1 million from my father" to the beginning of his success.

It's really not hard to grow money after you've started the game on 2nd or 3rd base. With $1 million principle and a mere $20,000 contribution annually, something that Tenacity could do RIGHT NOW, compounded daily at an APY of 2%, you'd double your money in just 20 years.

There are SAVINGS ACCOUNTS that are paying close to 2% dividends now. What does that mean? It means with 1m USD in the safest, lowest risk investment imaginable, you can double your money in 20 years.

The initial capital is the game changer. If you start with $500,000, you should be a millionaire in under 10 years. If you start with $250,000, you should be a millionaire before you reach retirement JUST on dividends with no annual addition.

 

[9Volt]

Right and while he can certainly pursue that strategy, I think it's also valuable to list out the drawbacks/risks to said strategy. I mean there IS a chance that you can get over-leveraged, changes occur in the market, and you end up in a losing environment with BeTheChange's plan.

- With every investment (no matter if it's active or passive) there are risks.

- I think BeTheChange said earlier that my "path" had very low risks, well that can't be further from the truth? Since when is investing in Index Funds risk-free? Since when does running a consulting office come risk-free?

- There are risks to everything, the key here is investing in what you know and UNDERSTAND, so you can properly mitigate the risks and acquire the rewards.

Everybody does not understand day trading nor all of the nuisances of flipping real estate, those are two very complex investment strategies and there's no way in hell I would promote them to ANYBODY as being something that's "easy" to setup/manage, to where you can just work 2 hours a week making 1,200% - 3,000% returns. I mean give me a break.

Did the "life coach Guru" run off when asked to put up or shut up?

Guess he's too busy to answer because he's in his mental "paradigm shift" entranced watching motivational con-artist videos.

 

[9Volt]

This reply to you will take 30 seconds, as any more time invested into your mediocrity-based thinking is an insult to me.

I spend no more than two hours a week co-managing my portfolio with estimated returns north of 1200% over 20 years not including the intermittent returns of positive cash flow or exponential growth of refi-cash pull outs to leverage the purchase of other similar properties.

You spend little time every week to get a 7% annual return, or 200+% compounding, over 20 years--WITH SIMILAR RISK and GREATER opportunity costs than I assume in my stratagem.

My entire net worth (which is a product of time and money) will grow at a rate of more than 6x yours.

You strategy is financially juvenile. Continue to preach your investment strategies to the two suicidals in this thread. But real investors know your returns are entirely mediocre (at best)--LIKE YOU.

^^Sez the suicidal ex-con. Buck up lil camper. Perhaps your motivational coaches will prevent you from committing that.