backbreaker
Master Don Juan
oh, to answer your question, because REAL ESTATE investing isn't on MTV or BET, but Rims and TV's are
Millionaire tip of the day- Meet a 20yr. old MILLIONAIRE
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Master Don Juan
To me it makes no sense to buy expensive liabilities like that b/c there is a signifigant risk of them being stolen. I've known people that have had their rims stolen from their cars in the middle of the night, just like your friend and the aforementioned LCD TVs.
On the other hand, its quite difficult (if not impossible) to steal someone's assets.
backbreaker
Master Don Juan
I have no problem with stuff like that... however, it's about having your prorities in order... Your prorirites shouldn't have rims/tv's over investing... Now once the investing pays off, then yes, it's okay to endulge yourself..
I have never been a fan of rims of any kind... I have a black sports car with black sports rims on them, not even chrome, but nothing so flashy that it really draws that much attention... and I have a DVD player in both of my cars, but 2 15" TV's? That's a little out of control, ,when there is never more than one person in the car, and both are in the back seats anyway.
It's about living within your means.. alot of people try to fake wealth, because it's easier to fake wealth than it is to actually build wealth.
I mean, a car can get stolen, nice or not.. someone broke into my first car, a 93' Tercel, to steal my Timberlands that were in the front seat... So I don't buy the "well if you have nice stuff people will steal it" arguement.. now, when I am driving one of my two nice cars, there are certain parts of town I won't go in, you just have to take the necessarly precautions... I mean, riding around with over $6,000 of luxury items in your car, that is candy paninted nevertheless... you are basically saying "Hey, ATtention... I'm right here.. don't miss me" yet you can't even get a 40 dollar alarm?.. I get car Arlarms for the automatic Start, nevertheless of the actually SECURITY part of the issue.
Saying you shouldn't have nice things because they will get stolen is like saying you shouldn't have a nice house, because someone will break in it, or you shouldn't keep alot of money in the back, because someone will try to hack in your account... Why live your life in fear of what others MIGHT do.
The difference is, if someone stole my car.. I would be pissed.. even though I have insurance.. but It won't be the end of the world, even if I didn' thave insurance... it's just a damn car.
however, when you put say, a hooked up car, in front of all of the normal dreams and ambitions you are supposed to have, when someone steals that from you, it hits alot closer to home.
Just a week ago, I found out a classmate of mine got shot and killed because he was stealing back some rims someone stole from him.
My old next door neighboor, who was my age (growing up) is in jail now for Murder because of Rims basically... and the sad thing aobut it is, he was a spoiled ass brat... 17 years old with a Brand spankin new Toyota Avalon, parents would have given him anything he asked for, yet he has to go steal rims and ended up killing someone in the process and now is in jail for god knows how long.
Some of the stupid decisions make... It's kinda like when guys make the same decisions over women
I have never been a fan of rims of any kind... I have a black sports car with black sports rims on them, not even chrome, but nothing so flashy that it really draws that much attention... and I have a DVD player in both of my cars, but 2 15" TV's? That's a little out of control, ,when there is never more than one person in the car, and both are in the back seats anyway.
It's about living within your means.. alot of people try to fake wealth, because it's easier to fake wealth than it is to actually build wealth.
I mean, a car can get stolen, nice or not.. someone broke into my first car, a 93' Tercel, to steal my Timberlands that were in the front seat... So I don't buy the "well if you have nice stuff people will steal it" arguement.. now, when I am driving one of my two nice cars, there are certain parts of town I won't go in, you just have to take the necessarly precautions... I mean, riding around with over $6,000 of luxury items in your car, that is candy paninted nevertheless... you are basically saying "Hey, ATtention... I'm right here.. don't miss me" yet you can't even get a 40 dollar alarm?.. I get car Arlarms for the automatic Start, nevertheless of the actually SECURITY part of the issue.
Saying you shouldn't have nice things because they will get stolen is like saying you shouldn't have a nice house, because someone will break in it, or you shouldn't keep alot of money in the back, because someone will try to hack in your account... Why live your life in fear of what others MIGHT do.
The difference is, if someone stole my car.. I would be pissed.. even though I have insurance.. but It won't be the end of the world, even if I didn' thave insurance... it's just a damn car.
however, when you put say, a hooked up car, in front of all of the normal dreams and ambitions you are supposed to have, when someone steals that from you, it hits alot closer to home.
Just a week ago, I found out a classmate of mine got shot and killed because he was stealing back some rims someone stole from him.
My old next door neighboor, who was my age (growing up) is in jail now for Murder because of Rims basically... and the sad thing aobut it is, he was a spoiled ass brat... 17 years old with a Brand spankin new Toyota Avalon, parents would have given him anything he asked for, yet he has to go steal rims and ended up killing someone in the process and now is in jail for god knows how long.
Some of the stupid decisions make... It's kinda like when guys make the same decisions over women
diplomatic_lies
Master Don Juan
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People always complain "If I had $100K, I'd make it easily!".
I always remember our school's stock market competition in year 10. Everyone got $50K (fake money), and used it on the (real life) stock market for about 6 months.
After the 6 monthes was up, the AVERAGE portfolio was worth about $45K. That means people actually lost money!
So really, inheriting a lot of money doesn't guarentee success. If anything, most people become overconfident and stop watching their money.
This is the same reason why I love business startups with very little money. You are forced to maximise every single cent and wring everything out of it. You learn to keep tight budgets and develop efficient systems.
I always remember our school's stock market competition in year 10. Everyone got $50K (fake money), and used it on the (real life) stock market for about 6 months.
After the 6 monthes was up, the AVERAGE portfolio was worth about $45K. That means people actually lost money!
So really, inheriting a lot of money doesn't guarentee success. If anything, most people become overconfident and stop watching their money.
This is the same reason why I love business startups with very little money. You are forced to maximise every single cent and wring everything out of it. You learn to keep tight budgets and develop efficient systems.
Re:
What I love about the "got-to-have-it-attitude" is even what I notice in myself...
If there's something I'm fiending for...I wait, and remember the LAST thing I wanted that, over, time just became another broke toy.
When I was 13 I wanted the best golf clubs, thinking they'd have my game TONS. SO I went out and bought and traded them regularly, I got only marginally better. Then, as a regular golfer, I realized everybody had these clubs and there was nothing special about them. They're just clubs, more overpriced.
How about video games?
Remember when PS2 was the shyt and retailed for $299. I was working @ Best Buy when XBOX emerged years ago. I wasn't about dropping $400 to get all set up, no matter how cool the games were. If you drop that kind of money, you become strapped to whatever it is so you can MAXIMIZE those dollars. Now the 360 is out, and it will cost people almost 500 to get full setup, and you'll be thinking 500!!!
Most times only YOU are going to use it. Few girls dig it. So you're strapped using it at home.
I get it but I also get that stuff just rots over time and when you look back at the fact that you're no different a person than you were before, it's like, I wish I had my money back b/c NOW I KNOW. Most guys here who had their dough back from the first job they had to KNOW, with compounding and some smarts would probably NOT have to work, or would be professional investors, or would have capital to start a small home-based business, like a detailing shop, or lawn-care company, or pavement-sealing company, something...
To me, blowing that kind of dough only replaces the fact we want to KNOW we can buy it, because the ability to do so gives us emotional things, like KNOWING we got the money to do it and will find the minds. Or that it replaces the lack of contentment in what we do daily. If I played golf 24/7...I'd only need books during my downtime.
When your passion exceeds your "interests" money will never be an object and you'll never have to worry about opportunity costs again, because you'll be doing what you love, versus finding things TO love.
A-Unit
What I love about the "got-to-have-it-attitude" is even what I notice in myself...
If there's something I'm fiending for...I wait, and remember the LAST thing I wanted that, over, time just became another broke toy.
When I was 13 I wanted the best golf clubs, thinking they'd have my game TONS. SO I went out and bought and traded them regularly, I got only marginally better. Then, as a regular golfer, I realized everybody had these clubs and there was nothing special about them. They're just clubs, more overpriced.
How about video games?
Remember when PS2 was the shyt and retailed for $299. I was working @ Best Buy when XBOX emerged years ago. I wasn't about dropping $400 to get all set up, no matter how cool the games were. If you drop that kind of money, you become strapped to whatever it is so you can MAXIMIZE those dollars. Now the 360 is out, and it will cost people almost 500 to get full setup, and you'll be thinking 500!!!
Most times only YOU are going to use it. Few girls dig it. So you're strapped using it at home.
I get it but I also get that stuff just rots over time and when you look back at the fact that you're no different a person than you were before, it's like, I wish I had my money back b/c NOW I KNOW. Most guys here who had their dough back from the first job they had to KNOW, with compounding and some smarts would probably NOT have to work, or would be professional investors, or would have capital to start a small home-based business, like a detailing shop, or lawn-care company, or pavement-sealing company, something...
To me, blowing that kind of dough only replaces the fact we want to KNOW we can buy it, because the ability to do so gives us emotional things, like KNOWING we got the money to do it and will find the minds. Or that it replaces the lack of contentment in what we do daily. If I played golf 24/7...I'd only need books during my downtime.
When your passion exceeds your "interests" money will never be an object and you'll never have to worry about opportunity costs again, because you'll be doing what you love, versus finding things TO love.
A-Unit
backbreaker
Master Don Juan
that's very true...
for the longest, I wanted a Ferrari 360 Spyder. I knew (know) everything about the car. I joined forums to talk about the car, I knew what color I wanted, what small mods I wanted done to it...
Then a funny thing happened... One day, when I sold my company, I actually had enough money to buy the car.
And you know what? I didn't want to buy the car for some odd reason.
I was satisfied knowing that if I really wanted it, I could go on ebay and pay for it right now..
I ended up getting a cheaper sports car (still nice) which I am so glad that I did, becasue in my honest opinion it's a better all around car
for the longest, I wanted a Ferrari 360 Spyder. I knew (know) everything about the car. I joined forums to talk about the car, I knew what color I wanted, what small mods I wanted done to it...
Then a funny thing happened... One day, when I sold my company, I actually had enough money to buy the car.
And you know what? I didn't want to buy the car for some odd reason.
I was satisfied knowing that if I really wanted it, I could go on ebay and pay for it right now..
I ended up getting a cheaper sports car (still nice) which I am so glad that I did, becasue in my honest opinion it's a better all around car
I agree, there is nothing wrong with having toys as long as you can truly afford them.
When I say afford them I mean being able to buy them with income from your assets, not your job. Your job might be gone tomorrow for whatever reason...if you are going to buy things that depreciate only buy them with PASSIVE income, that's the rule of thumb.
Oh, and for the record, when I was in my late teens and early twenties I bought all that crap myself. My salvation was that by my mid twenties I learned that the key to sustainable wealth is to buy assets. Proud to say I've been on the right track ever since.
When I say afford them I mean being able to buy them with income from your assets, not your job. Your job might be gone tomorrow for whatever reason...if you are going to buy things that depreciate only buy them with PASSIVE income, that's the rule of thumb.
Oh, and for the record, when I was in my late teens and early twenties I bought all that crap myself. My salvation was that by my mid twenties I learned that the key to sustainable wealth is to buy assets. Proud to say I've been on the right track ever since.
backbreaker
Master Don Juan
like if I ever did have to work for someone else again, and say I had to get an apartment, or a new car... I would work and save up the money to either pay off the 6 month lease, or save up to get a car...
One of my points that I need to work on, is I don't like ignorant people.. I can't stand ignorant people... and the first time someone goes ignorant with me, I need to have the ability to go postal and not worry about my rent getting paid.
My last job I had I worked at best buy when I was 18, and I was late for work... one of my only times in 1 year being late for work, not even that late, like 8 mins late, because i did a favor for a friend and picked her up from school and was stuck in traffic.
so the general manager, like, the manager over the entire store, who I had spoken to like 2 times in 12 months, I guess he decided he was going to try to make an example out of me and started going off when I walked though the door.
My exact words, a 18 year old talking to a man that had to be at least 35, where "who the **** do you think you're talking to? I'm the smartest computer technician you have, i'm never late, and if you would get off your ass and check with my manager you will see that I called in 20 mintues ago."
So he goes, in an ego trip, "do you know who I am?" And I say "Yes I do, but I bet you don't know my first name without looking at the time sheet"
So, he is embarassed by now, ,because he decided to "go off" in front of the customer service department, which was like 10 people, plus customers.
So like an hour later he calls me in his office, and tries to tell me how I need to "behave"
So I tell him "look, I am very thankful for this job.. Best buy has done a hell of a lot for me over the last year, but even though you are my boss, and are older than me, you will respect me... I haven't done anything but boost your revenue from our department by myself, because I am usually the only one working at night, and the revenue has doubled on a daily basis in the last 3 months. And you get mad because for no more than the 2nd time in 1 year, I was 10 mins late? And both times were extremely legit... the first time my mom was oh... HAVING A BABY... I think I deserve a little more leeway than what you provided.
So he actually apologizes to me, and gives me a $25 dollar gift card... That was the point in my life when I started saying "hey, I dont' want to work for anyone anymore" and I never came back after my lunch break.
One of my points that I need to work on, is I don't like ignorant people.. I can't stand ignorant people... and the first time someone goes ignorant with me, I need to have the ability to go postal and not worry about my rent getting paid.
My last job I had I worked at best buy when I was 18, and I was late for work... one of my only times in 1 year being late for work, not even that late, like 8 mins late, because i did a favor for a friend and picked her up from school and was stuck in traffic.
so the general manager, like, the manager over the entire store, who I had spoken to like 2 times in 12 months, I guess he decided he was going to try to make an example out of me and started going off when I walked though the door.
My exact words, a 18 year old talking to a man that had to be at least 35, where "who the **** do you think you're talking to? I'm the smartest computer technician you have, i'm never late, and if you would get off your ass and check with my manager you will see that I called in 20 mintues ago."
So he goes, in an ego trip, "do you know who I am?" And I say "Yes I do, but I bet you don't know my first name without looking at the time sheet"
So, he is embarassed by now, ,because he decided to "go off" in front of the customer service department, which was like 10 people, plus customers.
So like an hour later he calls me in his office, and tries to tell me how I need to "behave"
So I tell him "look, I am very thankful for this job.. Best buy has done a hell of a lot for me over the last year, but even though you are my boss, and are older than me, you will respect me... I haven't done anything but boost your revenue from our department by myself, because I am usually the only one working at night, and the revenue has doubled on a daily basis in the last 3 months. And you get mad because for no more than the 2nd time in 1 year, I was 10 mins late? And both times were extremely legit... the first time my mom was oh... HAVING A BABY... I think I deserve a little more leeway than what you provided.
So he actually apologizes to me, and gives me a $25 dollar gift card... That was the point in my life when I started saying "hey, I dont' want to work for anyone anymore" and I never came back after my lunch break.
DumpaLumpagus
Don Juan
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Re: Re:
"If all the year were playing holidays, to sport would be as tedious as to work" -Shakespeare
DumpaLumpagus
Don Juan
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What happens, IN HER MIND, is that she comes to see you as WORTHLESS simply because she hasn't had to INVEST anything in you in order to get you or to keep you.
You were an interesting diversion while she had nothing else to do. But now that someone a little more valuable has come along, someone who expects her to treat him very well, she'll have no problem at all dropping you or demoting you to lowly "friendship" status.
Quote taken from The SoSuave Guide to Women and Dating, which you can read for FREE.
Paintballguy
Master Don Juan
I should be pretty well off in a few years if I play my cards right. My parents gave me an acre of land they had for a long time in a really pricey area. I'm going to be building a house on it starting next year when I get permits. So, I should have my own house at 20.