How successful/well off guys do things differently.

[BoostedArrow]

Inspired by @Solomon

Cold approach is very foreign to them.

I met the attractive friends I did while cold approaching at venues and incorporating them into my sets. I even cold approached in front of some successful guys. Most guys do not do this at all if they are successful or attractive. In fact, for the most part it is almost unheard of. So many of them are used to meeting women naturally or through the apps that you would never find them doing things like daygame.

What do you mean with "naturally" if not via approaching. What do they do when they're out in bars?

 

[BeExcellent]

So, at the age of 30 you were making 150k in around '99/2000 with a regular paying STEM career? Did you have anything past a bachelor's degree?

Being a millionaire does not mean you live a lifestyle like this guy is talking about. Decent sized homes in metro areas like Boston, NYC, LA, etc. are going to be close to a million dollars, if not more. Property taxes alone on homes like this will be in excess of 10k.

Even once cheaper states that people are/were flocking to (AZ, TX, FL, etc.) are now becoming comparable to the major coastal metros.

It wouldn't take much for some dumbass to completely squander something like this by living the lifestyle he is talking about. People that spent years building up their wealth don't do the **** he is talking about lol. If you have a home paid off and 6 figures invested at under 40 you are significantly above average. This is a spot I have been in for a while now with an average income and I guarantee there are a huge number of people that are hard working and decent people that would kill to be in the spot I'm in.

Forgot about this thread.

Yes. Starting around age 29 I started earning over 150K annually. Keep in mind I'm now 55. And I earn closer to 325K give or take in any given year now, which now includes rental income.

So if we take an average of 200K annually x 26 years? That's over 5.2M earned over that quarter century or so.

I hold a BS in a science and a BA in English (that I earned concomitantly in the same 4 year span.)

I married at 30, had 3 kids, afforded a stay at home spouse, paid for private school and built a rental property portfolio during that timeframe too.

Here are some other things I did (which are different than the majority of other people, and indicative of contrarian thinking):

1. Worked remote in my STEM career since 1999.
2. Used business travel to shop various RE markets after hours.
3. No expensive vacations or new cars in my 30s or early 40s (too busy setting $ aside for next property).
4. Lived well under my means (to set aside $ for property).
5. Saved & bought properties for cash in small markets (someone has to live there; those people are paying someone rent).
6. Avoided divorce rape through rational negotiation.
7. Moved my family out of a major metro to a small market where I earned the same high income but my income went 3 times further.
8. Deployed debt wisely and paid it down or off quickly. I am 75% free & clear on a portfolio of 25 properties.
9. Buy many things, including high end clothing, second hand at a steep discount. Nobody knows things were bought second hand.
10. Cashed out my retirement assets from the financial markets, took the tax hit years ago and used that money to buy income RE and build residual annual income.

Moral of the story: Delayed grarification, discipline, long range thinking.

Result: Millionaire net worth whilst paying for 3 kids and a family. Comfortable lifestyle I can enjoy, and along the way my kids learned work ethic, character and thrift while observing me. They know how hard I worked to provide for them the nice lifestyle they enjoyed. They are appreciative and preparing to take flight as responsible adults in their own lives.

I can retire tomorrow and live on my rental income if I choose to or need to. My goal was to be able to create a passive income stream to replace that 150K plus annual income stream. I've done that. Now I'm still working in STEM because I'm good at it, the travel perks allow us to ski & go places & I'm helping my kids with higher education (as my father did for me).

Now I drive a high end car (bought 2nd hand) but still live well within my means.

It can be done.

People have asked me over the years if I'd consider getting a masters or doctoral level degree. My response? Why? I'm already out earning many of those people with *just* a bachelors. Additional degrees were never worth the additional costs coupled with the loss of earnings over the years it would take to obtain more advanced degrees.

Contrarian thinking in the right direction. Makes ALL the difference.

 

[CornbreadFed]

Go during off hours. Don't waste time. When I was actively working out, I worked out 2 hours, 5-7 days a week, alone usually, no music, 1-2 mins between sets. You want results? Don't mess around.

If I go to the gym past 8pm, I have issues falling asleep. I am not an early morning person either so before 6am is not suitable and plus I will consume more calories with this schedule. My gym is reasonable at the optimal time for my schedule and body. In addition, I have zero desire to look like I am competing for a reward.

ALso, pro tip, consume a protein shake within 5-10 mins after you finish your work out, the less time the better.

I hate protein shakes lol.

 

[Dr.Suave]

People have asked me over the years if I'd consider getting a masters or doctoral level degree. My response? Why?

For yourself, to expand your horizons. A post graduate degree gives people a broader perspective. Its not necessary, especially for succesfull people such as yourself, but its cool. Now that your kids are all grown up, you have a healthy relationship, and you have literal millions of dollars, it could be a good time to take on a new personal challenge.

I'm already out earning many of those people with *just* a bachelors.

Not the point, old friend. Its not about the money. Imagine someone with a post graduate degree more or less mirroring your statement: "Why would I want to increase my income and net worth? I already academically out-rank my boss and many of those millionares"

If in spite of everything I just said, a post gradute degree is not for you, that´s ok. But hopefully I gave you some food for thought.

 

[BackInTheGame78]

They also cut their losses and don't worry about how much they've already spent on it or try to recover their losses, they move on to a new and better opportunity and stop wasting their energy and resources on this one.

Same goes for women or any other area of your life.

 

[CornbreadFed]

I live in Fort Worth, make six figs and its very comfortable, however, yes COL has increased.

six figs comfortable in most places in the US excluding the obvious places. I would imagine Fort Worth is cheaper than Dallas too?

 

[BeExcellent]

For yourself, to expand your horizons. A post graduate degree gives people a broader perspective. Its not necessary, especially for succesfull people such as yourself, but its cool. Now that your kids are all grown up, you have a healthy relationship, and you have literal millions of dollars, it could be a good time to take on a new personal challenge.


Not the point, old friend. Its not about the money. Imagine someone with a post graduate degree more or less mirroring your statement: "Why would I want to increase my income and net worth? I already academically out-rank my boss and many of those millionares"

If in spite of everything I just said, a post gradute degree is not for you, that´s ok. But hopefully I gave you some food for thought.

Fair enough, but if it's not important to me why bother? To impress others? Pass.

I study, read & immerse myself in varying interests and subjects without the cost or having to be on someone else's curriculum or schedule. Nevermind the expense. I was accepted to medical school years ago. Chose not to go. I have more freedom than the vast majority of physicians, and comprable income. Best of both worlds.

I respect others who have pursued higher degrees than I have, I just see no need myself to do that at pushing 60. I'd rather study, write, travel & create as I please. I speak at RE investment conferences some; I present in my own scientific industry as well. I contribute here, in case someone finds my perspective useful. I mentor others in real life (including some MD and PhDs).

The advanced degree is just not my jam, personally.

 

[DreamAgain]

For yourself, to expand your horizons. A post graduate degree gives people a broader perspective. Its not necessary, especially for succesfull people such as yourself, but its cool. Now that your kids are all grown up, you have a healthy relationship, and you have literal millions of dollars, it could be a good time to take on a new personal challenge.


Not the point, old friend. Its not about the money. Imagine someone with a post graduate degree more or less mirroring your statement: "Why would I want to increase my income and net worth? I already academically out-rank my boss and many of those millionares"

If in spite of everything I just said, a post gradute degree is not for you, that´s ok. But hopefully I gave you some food for thought.

Much easier to say you know something by teaching yourself versus someone potentially grading your subpar work and bruising your ego.

 

[Solomon]

First of I gotta say @sangheilios buddy you were right, I gotta publicly give you, your props mate!

One of the guys I knew, made a lot of money in crypto (he claimed 30 million a year) I spoke about him here in this thread
This guy was always rolling in Bentleys, Aston Martins's, going on expensive vacations on some Dan Blizerain shyt with a group of 6 girls, lived in one of the most expensive areas in the city etc

His story was he got in 2012 early as fucc and turned 5K into 10 million
We would talk about crypto and the guy seemed to know his stuff, there were no red flags. He was known by everyone, had a solid reputation, and also had some legit businesses (he owned a mining farm in Wisconsin)
Well I hadn't heard from him in a while come to find out from a girl who I have done some business with and also knows him
He was a "Tinder Swindler" scamming rich old women and then funneling the money into crypto etc. He got caught up by the feds, for wire fraud (1.6 Million) scamming a rich old lady lmfaoo. He's currently in jail awaiting sentencing

The crazy part is, the guy seemed like a genuine good guy I never got scumbag or scammer vibes from him. He never asked me for anything. I'm honestly still shocked, the only redflag was that he was a big simp, always tricking off money on women outside of that I had no clue. Crazy I'm shocked as I'm typing this

 

[HaleyBaron]

First of I gotta say @sangheilios buddy you were right, I gotta publicly give you, your props mate!

One of the guys I knew, made a lot of money in crypto (he claimed 30 million a year) I spoke about him here in this thread
This guy was always rolling in Bentleys, Aston Martins's, going on expensive vacations on some Dan Blizerain shyt with a group of 6 girls, lived in one of the most expensive areas in the city etc

His story was he got in 2012 early as fucc and turned 5K into 10 million
We would talk about crypto and the guy seemed to know his stuff, there were no red flags. He was known by everyone, had a solid reputation, and also had some legit businesses (he owned a mining farm in Wisconsin)
Well I hadn't heard from him in a while come to find out from a girl who I have done some business with and also knows him
He was a "Tinder Swindler" scamming rich old women and then funneling the money into crypto etc. He got caught up by the feds, for wire fraud (1.6 Million) scamming a rich old lady lmfaoo. He's currently in jail awaiting sentencing

The crazy part is, the guy seemed like a genuine good guy I never got scumbag or scammer vibes from him. He never asked me for anything. I'm honestly still shocked, the only redflag was that he was a big simp, always tricking off money on women outside of that I had no clue. Crazy I'm shocked as I'm typing this

I don't know why you were surprised. He was a tricker. They are never good guys.