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Don't think I ever said poor but plenty own them who can not reasonably afford them and people would assume they are a lot wealthier than they are

Over 50% of Americans are not on track to retire and financial lives are a mess. For the small percentage that over plan/earn/save this is probably true. Majority should probably clean up their finances before adding more expenses though...

Right, even if you do attract a woman by a high status car, when she realizes thats all you got, she is not staying long term either

The only cars that could potentially have a large impact are very high end or clunker. Either way, do not get into major debt to impress women who place a lot of value on it. I do not know your financial situation but don't fall into the trap of a high car payment. Just diverting the money of a...

You may already be aware but this thread was started at the 3k bottom of 2018, love seeing it pop back up lol First half of 2017 is when I first started dabbling and trying to figure out what this all was. Thankfully I had someone who's opinion I trusted tell me to make sure I was a high...

For someone wanting to build a percentage allocation this is a great time to do it. Anyone relatively new, I just suggest put an automatic weekly DCA on don't look at it all the time. The volatility and the emotions that come along with it forces people to buy and sell at the worst times. Unless...

I think Bitcoin has potential to one of the most transformative innovations in human history. It is pretty wild that it was just a piece of code released into the wild and through natural market incentives it became fastest growing asset class in history. There is no leader, corp, marketing...

As far as short term price moves, would agree. Overall big picture, it is becoming very clear if you are paying attention and understand it

100% agree with that. Over the long run, you will out perform 95%+ of other investors with just an auto buy on and DCA. Even if you do get one of the alts that do outperform, the net of all alts you own will not. Only a couple alts have ever hit new highs when priced in BTC in consecutive...

RIght, alts usually don't get moving until BTC breaks previous highs. The issue with alts is most peoples bags from last cycle will not get that wave this coming one. Will be a new group that pump on hype then fade off in obscurity

Nothing wrong with being scared, I have been many times and can be a great motivator. Sounds like you are taking the lessons from each situation, which is the most important part. Many times, a business's long term success is just having the war chest to ride out an extended period of time. I...

The risk of going broke and becoming a failure is a great motivator lol For myself at least, nothing else lights a fire under my ass like major negative consequences, fast approaching deadlines and back against the wall. When you get to a point of being very comfortable it is really hard to keep...

There are certainly areas of life that more expensive relative to income than in the past while at the same time there is way more access to education on just about any topic, different ways to make a income and ways to start a low cost business. Biggest issues are instant gratification...

That's the catch, to get past certain ceilings you have to be comfortable with risk and confident you will figure it out. If you only play it safe, to some degree you are going to be limited. You are going to learn the most in those excruciatingly painful lessons where you really have to...

Oh absolutely! The amount of times I have seen a lot of them get completely demolished or scammed is off the charts, mind blowing really, some multiple times on the craziest stuff lol Because they are highly successful in one area they automatically assumes it translates to everything else...

That makes sense, probably a part of the disconnect. I have seen business owners most often using professionals when they have a big liquidity event, like selling their business where very quickly they accumulate a large sum of money. Most are not used to dealing with that all at once compared...

Semantics. I have never really heard a successful person say or boast "self made", usually only the people full of it on social media that. Growing up in a decent area with good parental role models who are able to provide some support is definitely beneficial, not going to argue that. Even...

I didn't read the article but this was posted as a summary for it, so just posted the link. I know the United States has a similar percentage. Let me see what I can find. A survey by French bank Societe Generale and Forbes of super-rich people in 12 countries, many of whom are billionaires...

Not sure exactly what you do but according to this 80% of millionaires in UK are self made and didn't have outside wealth facilitating it. Maybe it is the subsection you are seeing but for the most part that is not true. My observation in the US is pretty similar to that as well. Most I know...

Personal view is I think rates are going to go higher for longer than most anticipate. Would probably sit in some mix of high yield savings and Tbills and wait for the right opportunity to present itself. Extended high rates are going to break something at some point, lending most likely will...