/biz/ - Business & Finance

>>12510151
the race is better than the catch anon

>>12510151
Not to mention the system is rigged to make things even easier for rich people with things like accredited investor laws.

Also if you're rich and want to start a company, you can just get other people to invest in it for you. so you don't even have to use your own money, you just hustle and make yourself look like a bigshot and others will give you money to start a business. its so fucking RIGGED and EASY

Also when you're rich, people will want to network with you because you are rich. so you can easily get into the biggest elite groups without having to do ANTHING.

being rich is life on not even tutorial mode, its the start menu mode. not even that, its inserting the disc into the cosnole mode

Rich guy here, inherited.

Why should I bother learning to make money? I have enough from my family for my lifetime.

No reason to exist other than to enjoy myself.

Yes, it's white privilege and it needs to stop

>>12510172
Nice larp, I'm sure you would be posting on biz if that really was the case

>>12510185
Poor whites are more fucked than any other class but no one cares about them

>>12510151
The only thing of value is knowledge. Listen to this homosexual and his wife's son.
https://www.youtube.com/watch?v=1uWMbmwyj3g

>>12510199
>Being white
>Playing life on easy mode

>>12510188
Why do you have such an inferiority complex that you refuse to believe "rich" people cannot enjoy the same things as you can?

Do you think all wealthy folk are on their own secret little websites or some shit?

>>12510210
>starting from "scratch"
>buying properties

>>12510185
>>12510217
non-whites should be grateful that they're allowed to live amongst further evolved beings

>>12510312
Did you even watch it? He doesn't need to buy anything. All you need to make money is to not be retarded.

>>12510353
so I should just smooth talk landlord into letting me turn their apartments into hotels and I'll be a rich millionaire eventually?

>>12510151
>a bloo bloo wiyypooopoo got it 2 ez gibs me day ITT

>>12510398
Landlords just care that you can pay, in this case the gay guy offered to pay for maintenance which is an irresistible deal for the landlord assuming the guy can pay the deposit. Even niggers have figured out they can live for free by subletting.

>>12510151
It's also very easy to lose money when you're wealthy, but literally impossible to lose it when you have none. Quit whining. Modern poor people have it easy. Living standards that kings past could only dream of, with none of the responsibility.

>>12510151
Stop being a big boussey and start doing what you have to to make that money.

>>12510483
Not always true, I’m a landlord and I found out one of my tenants put up some temp walls in her apt and was renting the space as a nightly hotel to people. I sued her...she lost her deposit, had to pay the rest of her lease even though she was being evicted and lastly I made sure to get a few grand because I wasn’t gonna let her make a profit off my space.

>>12510527
If a tenant has a guest over and they know how to fuck with the system properly, they can squat for months before a landlord can get them out.

>>12510498
>but literally impossible to lose it when you have none.

Not true, poor people lose money to lotto tickets, gambling, cigarettes, fast food so quick. not saying its smart to do those but it happens all the time

>>12510151
You don’t need that much to get started. $100k will get you into divvy stocks and a starter rental. Just grind it out for a few years and stop being shit with your money.

This entire site is full of whiners.

>>12510614
>You don’t need that much to get started.
>$100k

Having $100k liquid for investing puts you in the top 1% of the country, and the top. 0.1% of the world, if not higher

>>12510151
You need money to survive yes, but look here anon, people who have enough money to survive forever, yet they are still depressed as fuck. Money can only get so far in life, its more important things than making money.
Find peace in spiritual knowledge, its not hard to ascend at all, pray in your own way to open the "hidden" consciousness gate and join us in heaven

>>12510632
$100k isn’t much at all, people are just terrible at saving and don’t want to put in the upfront work. Having to work a second job for a few years is unappealing as well because people want more free time to spend their money on dumb shit.

You could reset me to zero and I’d have $100k inside 5 years.

>>12510527
She should have asked you first but you're still a faggot.

>>12510710
I make 24k a year in a high cost of living city, How the hell can I save up $100k in 5 years? I could get a night job, but that means 4 hours of sleep a day

>>12510188
Why do you find it so hard to acknowledge rich people can share in the same communities as you?

>>12510614
As an Australian, this post made me kek

>>12510737
Get a better job. Get another job if you have to. Yeah it fuckin’ sucks that you might have to have a shit ass schedule for a while but keep in mind that any rigorous college degree is going to have you keeping the same shit ass schedule, and people pay for that privilege.

Stop renting, live in a van if you don’t want to get into a condo (that’s your first rental btw), cut your budget to the bone.

If this sounds unbearable, just read your own OP because it’s totally true, once you get going, it’s life on easy mode but the system is set up to sabotage your gains.

>>12510582
Where do you have your properties? How picky can you afford to be regarding tenants?

>>12510601
Lottery is just another way to tax stupid people. Anyone remember that retard which used to post pics of lottery tickets here?

>>12510672
>>>/x/

>>12510737
You don't need to have 100k in checking account retard. All you need is access to cheap credit.

>>12510834
been trying that for the past 6 months

Nothing. At least nothing thats within a 2 hour drive commute in heavy gridlock traffic

I have a college degree but clearly its not enough. I'm taking SQL and R courses now to improve my skills, but its ganna take a while

>>12510235
>I don't want to make money but I want to shitpost on a forum dedicated to making money instead of shitposting on some other forum dedicated to things I'm actually interested in
lol okay

>>12510527
based and propertyrightspilled

how much should you be aiming for in annual dividends per £10k lads?

>>12510936
about 300 poundaroos

>>12510953
thanks champ,

op, join the revolution.. own (chx) is going to let non accredited investors in shit they couldn't before

>>12510614
>>12510710
Just hit 100k nw after 3.5 years of working, but real estate is pricey in my area. $400k+ if I want to move 45 minutes away from work, minimum $500k+ for a small 3 bedroom if near work, and all the condo fees are retardedly expensive when I'm renting for less than half the condo fee + mortgage. With interest rates rising and a potential crash coming (I'm a leaf and we didn't crash in 2008) I'm wary of going that much into debt.

Most of my money is in a "high risk" mix of stocks/etfs/indexfunds/bonds, and some crypto. I want to have enough money to quit working as soon as possible for that neet life, but at this rate I'd have to work for another 20 years. I think I'd need crypto to hit new ATHs or for one of my side businesses to take off to retire before then.

Any ideas how I can make it earlier?

So just get a job and put that money to work build your dividend nest egg

>>12510936
As much as it takes to pay your bills

>>12510151
why don't you just start investing in dividend stocks, continue to dollar cost average, live frugally and allow the dividends to compound for 20 years with increased principal being added every month and then retire.

>>12510971
chainlink

>>12510985
Because I do that faggot, but I don't make enough to make it worthwhile. At best I can invest $500-1k a month if im super frugal, I go half half cryptos and divy stocks. My main problem is my income

>>12511027
>half crypto
there's your first problem

>main problem is my income
higher income certainly helps. whats sad is the best way to move up in jobs is to move diagonally up (changing employers for a newer, better paying position). Or at least getting an offer and then using it to get a raise at your current job.

>>12510857
It’s not what you do it’s how much you increase your stack, get after every dollar. You legit need to live for the money as a way of life.

>>12511013
I already have 40k LINK that I bought during ICO, but it's high risk speculation, can't be relied on solely for retirement.

>>12510349
Being white makes life easier you just proved it see

>>12511044
I'm buying crypto now because its relatively cheap compared to before. Why buy high when I can buy low? I already bought the stock dip of october/november. I will keep buying crypto until stocks and cryptos flip

>>12510155
This nigga right here is right. If you ever make you will know why. The feeling it gives you, its better than sex

>>12511093
Who gives a fuck about self jerking and feelings. I'm just trying to survive here

>>12510971
How much would be your net worth if you sold everything you own except your mobile phone and laptop?

>>12511044
>half crypto
>there's your first problem
Reddit-tier advice. Fuck off

>>12511096
Then you have bigger problems than dreaming about living off investment income.

>>12510971
Condo fees almost always include water/trash/sewer and exterior maintenance, exterior maintenance being the thing that eats most new home owners alive. The fees are actually a pretty good deal once you learn all the headaches about owning a stand alone house.

I wouldn’t recommend purchasing anything above a 2 bedroom as a first property, especially if you intend to rent it out at some point. Get a 1br or studio and rent it out to wage slave bachelors like OP because he’s never there to put wear and tear on the unit. Multi-person dwellings are for when you are ready to expand your portfolio and can tolerate more risk.

There is no such thing as starting too small with real estate.

>>12511110
Only other assets are maybe $1k in furniture, $200 in old consoles/games, and a ~$20k car. So about $121k. Not really worth selling because of the functionality I get out of them (and will get over the next decade).

>>12511189
>Condo fees almost always include water/trash/sewer and exterior maintenance, exterior maintenance being the thing that eats most new home owners alive. The fees are actually a pretty good deal once you learn all the headaches about owning a stand alone house.
Cheapest condo in my city is $150k for 600sqft and the condo fees are $600 a month. In the area similar rooms are renting for $750/month.
So for $150k in opportunity cost, I could at most get $150/month. Any repairs/damage would come right out of that. It's an older building so condo fees could raise drastically too.
It's only worth it if rent keeps up with the condo fees and if it appreciates in value by the time I sell it. It's a college town so there's plenty of people looking for at least 8 months of the year, but they're probably not the best tenants. All that being said, I'm not convinced that my location is a good investment.

>>12511454
That's 300USD monthly passive income. Enough to NEET it up in India or other 3rd world location if you are willing to live modestly.

Trust me, even if all of you had been born millionaires you would still manage to find a way to fuck up and end poor.

>>12511594
Hmm I don't want to live in a shit tier 3rd world country though. There are a lot of concerns with making a move like that too
- how difficult is it to move there legally with a visa
- language barriers and different values
- low cost of living generally means high poverty and crime, both things I want to avoid
- how corrupt are the police/people, I hate bribes, scammers, and pick pockets
- standard of living, I want to be at least as good as I have it now with inexpensive gigabit internet speeds with no caps, ubereats or similar service from a good variety of restaurants, etc.
- inflation is a big one, might be a low cost of living at first but after 5 or 10 years, their local inflation might be lower than where you're invested so eventually you'll lose your purchasing power until you can no longer live there.

I think ideally I'd want to go to a low cost of living medium sized leaf city. Or maybe US but I can't immigrate to the US easily.

>>12511454
Show me the Zillow for this $600 a month HOA because that just sounds like a poorly managed building or maybe you are leaving something out.

>$150k opportunity cost
It’s more like $40k opportunity cost because you are financing most of that $150k. Your profit calculation isn’t as simple as the over/under on your rent/mortgage ratio. You can have a mortgage that’s higher than your rental income and still make a profit, it’s just all in the principal on the loan. You typically won’t see a “profit” in the way you describe it for a few years till rent hikes catch up with your mortgage and ideally if it’s your first property you should be living there during that appreciation period to offset the hit.

>>12510156
This. Don’t know how muricans tolerate or allow such laws to exist. If nothing else, that status should be based on a gov-accredited examination testing your investment knowledge.

>>12511968
Oh I see, you do not really want to escape your rut. I could refute every single one of your excuses but we both know you are just finding reasons not to do it instead of actually doing it.
>pic unrelated

>>12510825
Even if you have 1.5M aid, you will still feel poor in this lucky country. Thank GoD, stake.com.au allows us to invest into US stocks. Barring few specialty REITs local stock market is a joke.

>>12510737
move out of high cost of living city. go work on the oil rigs in midland texas. your cost of living will be negligible and you'll make 100K per year

>>12511137
this thread dropping knowledge on a kid who don't deserve it

>>12512093
lol

>>12511093
Gas yourself kike

>>12510151

Congrats.

It's the biggest flaw in capitalism and you have picked up on it.

Nothing you can do to change it. It's human nature.

>>12510210
>renting a lot a subletting it into a hotel
like bnb? it was a loophole but pretty sure its been closed

>yfw these are the arguments leftists make
>except they make it about race because they are good goys who want to divide and conquer on stupid shit rather than focus on actual issues

The issue is the laws favor the rich- see "accredited investor", "day trader" laws, and the hoops you have to jump through to get FINRA and related licenses. The message for these things is clear- if you are rich and well connected, you can do whatever. If not, fuck you

>>12512441
>"accredited investor", "day trader" laws
Made to protect stupid poor people from wasting all their money on chainlink-equivalents, and then relying on other people's tax money to survive. Only people who can afford to lose are permitted to gamble, because they're not going to be a tax-burden on others if they lose. It's not some rich people's conspiracy.

>>12512066
leaf prices so it's more like $460USD https://www.realtor.ca/real-estate/20155779/1-bedroom-condo-705-64-benton-street-kitchener

Hypothetically 20% down, financing it at 3.29% (lowest I could find) makes it a $586/month, +$613 condo fee = $1199/month. When rent in the area is around $750 you're essentially paying an extra $500/month to own it (plus the opportunity cost of the down payment).
>You can have a mortgage that’s higher than your rental income and still make a profit, it’s just all in the principal on the loan
That's assuming the value of the property appreciates.
>You typically won’t see a “profit” in the way you describe it for a few years till rent hikes catch up with your mortgage
Assuming that rent will increase faster than condo fees. Considering it's an older build, that's a risky decision. Rent prices in the area could drop as well in a bad economy, but I admit that's not as common.

I popped all the variables into https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html and assumed I stayed for 25 years, and default values for everything else, it's saying it's better to rent if I can find a place for less than $841. Goes into the $900s if I bump up the investment returns because index funds show 8% long term returns before inflation.
Only way I come out ahead is if rents skyrocket in the area or if I get lucky with appreciating values.

>>12511137
>working for your money feels great
>but not if you're struggling
What exactly are you even saying here? You make no sense. Working is misery.

>>12512217
What's wrong about people being happy and successful?

>>12512122
What's your point? Yeah I could refute all my concerns too, but it all comes at a cost to my own quality of life. These costs don't make living in a shithole worthwhile.
I'm not "finding excuses" because I do not want to escape wagecucking, I'm finding problems that would make my life after wagecucking suck even more.
If I had enough money to retire for my current lifestyle, I'd quit today.

>>12512608
Planning, then making it happen, and seeing the success you've built with your own hands is one of the greatest feeling a man can experience. Thats all

>>12512642

>this is what wagecucks actually tell themselves

I’m investing 2k a month and have a plan to be a millionaire by 40 but if someone offered me 3 million right now I’d take it. Wtf kind of cope is this.

>>12512642
I'm halfway to 40 with a kid and I still don't know where to even start. I don't think there is a way anymore, and I couldn't recognize any opportunities back then. The system is rigged

>>12512659
It's rigged, but there's almost always a way if you dedicate yourself to finding/making one.

>>12510151

Yeah no shit the rich get richer. It's just capitalism bro. Just don't be poor bro.

>>12512679

>just move bro
>just become a CEO bro
>just be born wealthy bro
>just be smart bro

It’s easy

>>12512656
>>12512659
Took me years of working for the man and then working on my own time to make freedom happen. Three things matter - 1st, know that you're going to fuck up, a lot. 2nd - action, this is the most important thing. 1 beneficial action per day = 365 beneficial actions per year. 3rd - the best way to make something perfect is to never start and picture it in your mind only. Real world products are imperfect, but they work.

>>12512656
>what is ambition

>>12510155
I can barely pay rent and put food on the table, working 2 jobs, fuck you.

>>12512789

K, you can keep working til 70 because “muh thrill of the chase”. Absolute Boomerpost.

>>12512815
tell me anon, what do you plan to do once you have all your money

>what will you be proud of

>>12510151
Its all rigged, and depressing.

>>12510235
Lol Chad you just posted that yesterday wtf

>>12512908
My bad nvm
was thinking of /richbiz/

>>12510155
>>12510151
truths

>>12510210
lol nice oppression olympics bucko

all workers are exploited

>>12513114
Everyone is exploited, you're exploiting my good will to extract my knawledge and genius insights right now.

>>12512570
do you also believe people should have a license to cut hair?

>>12512746
None of this matters if you don't have capital to start. you can work 20 hours a day, but whats the point if you still have to pay $2k in rent and another 1k in car/taxes/utilities/food/internet/phone/insurance. woo you can save $1000 a month, maybe after 20 years you will have enough capital to buy a business. oh but you will be old, cant see well, and have liver spots

>>12510155
>Race: African
>Catch: Aids

>>12512571
>That's assuming the value of the property appreciates

no, actually. when looking at condo's i assume little to no appreciation. condo's are low barrier of entry, low maintenance rental whores whos prices move very slowly compared to stand alone units.

>Assuming that rent will increase faster than condo fees.

condo fees don't just jump like that. your rate is typically locked in for quite a few years or if the HOA is good you are locked in till the unit changes hands. only mismanaged HOA's go year to year and you'll see entire buildings go on the market when that happens. read the HOA docs.

>https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html

set your maintenance fee's lower because they sure as shit aren't going to be %1 on a condo

>index funds show 8% long term returns before inflation.

so you are close to discovering why real estate is attractive in the first place, because why invest in real estate when you can just buy REITs right? well, it turns out that a mortgage is probably the most favorable leverage the average retail investor can come up on. you also have the additional benefit of having a tangible, physical """"business"""" to charge expenses to, AKA a tax shelter that the S&P just can't match.

Wish I didn't stop giving a fuck after my gf dumped me

Make $250k/yr but shit credit because I ignored medical bills.

Got items on my credit report in collections. Less than a $1000 but there's a lot of them.

One is $17. Seventeen fuckin dollars.

I could have been dumping my savings into sweet sweet real estate instead I bought crypto and lost most of it and let my credit die. Fuck I'm dumb.

>>12510155
under rated

dubs of truth

>>12512570
You're glowing.

>>12513994
nigga, shut the fuck up. nobody cares about your credit if you have a fuck ton of liquid cash and if you make $250k a year, you should have plenty. go whine/humblebrag somewhere else.

>>12510632
Stop being a fucking lazy poorfag and work to save money you useless piece of shit, fucking peasant. You probably spend 50% of your paycheck on useless consumerist shit that nobody cares but you.

>>12514036
if you can't come up with the $25k to be eligible to be a day trader, you literally aren't smart enough to day trade.

>>12510953
lmfao low as fuck

>>12514062
I thought to be an "accredited investor" it was much more?

>>12511027
you can only invest (as of now) $6500 per year in a Roth IRA and traditional IRA.

if you can invest $500-$1000 a month, you're doing amazing. wtf.

>>12510853
I have my properties in NYC. I'm pretty picky honestly..but I dont care about credit rating....my main concern is how long they have been at their job, or if they have had any major lapses in employment. Sometimes I contact their previous landlord, but only if I'm on the fence.

>>12510734
Its my business, if I dont protect it or watch my ass who is?

I've managed to get out of that hole by scamming the rich + investing into businesses. Now my monthly income is enough to live a traveller life. Rich people are stupid and greedy so its easy.

>>12510953

High interest savings is giving 2.5% these days, 3% for divvy stocks is trash

>>12510151
while you're not wrong you're glossing over the fact that someone can work their way up from the bottom. you're obviously a poorfag with a chip on your shoulder and you think life is unfair. the truth is you are lazy and not willing to put the work in, so you will stay poor while other motivated and successful people in the world continually to become rich after being poor. go blog post somewhere else.

>>12513803
>You can have a mortgage that’s higher than your rental income and still make a profit, it’s just all in the principal on the loan
That's assuming the value of the property appreciates.
>no, actually. when looking at condo's i assume little to no appreciation. condo's are low barrier of entry, low maintenance rental whores whos prices move very slowly compared to stand alone units.
How are you making a profit on the principal when its seeing no appreciation and when your mortgage is higher than the rental income?
i.e. you're paying $1200/month, renter is paying $750. You're essentially investing $500 on your own money into it.
Unless it sees appreciation, how are you profiting? Unless you're thinking after the mortgage is paid off, by renting it out it's profit? That's a very very long term play, assuming a 25 year mortgage, you won't be seeing returns for ~40 years, plus even longer for any upkeep or maybe a bit shorter from inflation.

>condo fees don't just jump like that. your rate is typically locked in for quite a few years or if the HOA is good you are locked in till the unit changes hands. only mismanaged HOA's go year to year and you'll see entire buildings go on the market when that happens. read the HOA docs.
Locked in until you get a nice surprise special assessment and you end up randomly owing $20k or more, there's some nightmare scenarios that a lot of people don't see coming.
I for one am not experienced enough to know a good HOA from a bad one.

>set your maintenance fee's lower because they sure as shit aren't going to be %1 on a condo
renting is still coming up better

>>12510737

How the fuck do you even cope. I make 95k and live rent free and I feel like the poorest motherfucker on the planet.

>>12513803
>so you are close to discovering why real estate is attractive in the first place, because why invest in real estate when you can just buy REITs right?
Why buy REIT at all when you can have a diversified portfolio with less risk?
>a mortgage is probably the most favorable leverage the average retail investor can come up on. you also have the additional benefit of having a tangible, physical """"business"""" to charge expenses to, AKA a tax shelter that the S&P just can't match.
leverage is only beneficial if the asset increases. And like with all leverage there's the risk that it doesn't appreciate.
I do agree that tax shelter is advantageous compared to other asset classes, but that only takes you so far when the asset themselves are overpriced.

>>12514252
lol how do you feel poor without paying rent? where does all your money go?

>>12510151
Back in ancient times you were as rich as you could create yourself this day in age rich people are filth.
Their starting a race war to avoid a class war.

>>12514197
In theory you shouldn't have an issue with her making money as long as she pays you what you already established as a fair price. It even motivates her to maintain it. That she didn't ask for permission just gives you legal leverage over her which you could have used to get more of her profits.

>>12514261

>lol how do you feel poor without paying rent? where does all your money go?

I invest most of it. Just doesn't feel like enough.

>>12510878
>doesn't believe there is overlap between rich people and people interested in economics

You're just poor because you're stupid.

>>12514248
>How are you making a profit on the principal when its seeing no appreciation and when your mortgage is higher than the rental income?

because your tenant is not only paying all interest and HOA fees (which are tax deductible to you btw) but they are ideally matching or exceeding your contribution to the principle of the loan, that contribution of course is dependent upon where you are at in the amortization schedule but you get the idea. from a very cursory review of your example property and taking your word that $750 is indeed what you could get out of that place, its pretty much right on the cusp of profitability which means to me that there should be something in the neighborhood that's a more profitable buy. also remember that the price of a unit is not fixed and is entirely negotiable, you could come back in 90 days when that example place is still on the market and lowball the owner with an offer of $120k. please note that i'm not saying that unit is a good buy, i'm merely working with the example youve given me.

now, i assume no appreciation in property values, but i do assume rent hikes, however, and would ask you when the last time your landlord lowered your rent. property values and rental prices are correlated but not coupled entirely.

>>12510151
>>12510158
>>12510167
You clearly understand that appearances are half the battle, yet instead of adopting the mantra of "fake it till you make it" you're on here complaining.

>>12510834
>but the system is set up to sabotage your gains.
Elaborate please.

>>12510155
Truth, but plenty will deny it

chx will level the playing field

>>12514582
>now, i assume no appreciation in property values
good, but you're also ignoring potential depreciation, which is retardation in the midst of a major housing bubble. you need to factor in potentially spending years underwater on your mortgages when the QE finally runs out.

>>12514744
>but you're also ignoring potential depreciation
thats why condo's are good. they dont appreciate but they don't really depreciate that much in a downturn either. its why they are super noob friendly.

>>12514631
get $100k in the bank and watch how people all of a sudden know you have it. your own bank will be like "yo, invest that shit with us goy!". having a money ball means having power, and nigga's are always going to try to take your power.

>>12514757
sure, condos in the city in the gentrified part of town instead of in the hood or saturated suburbs. that's probably the safest bet when the panic sets in, but it'll be a bumpy ride regardless. and lenders won't just lend to any HOA, there's certification and underwriting done on the HOA if it isn't already approved by them. either way housing it's not the golden goose it used to be. we shouldn't be keeping it on a pedestal, there's not enough space for everyone to each own a good property.

>>12514793
real estate has its drawbacks. it's very illiquid and requires relatively large sums of capital to break into but its one of the legs on the stool of wealth.

>>12514631
higher taxes

>>12514814
>its one of the legs on the stool of wealth.
yes, for boomers. I don't think anyone is disputing that. /biz likes to meme about boomers but 95% of people here are probably less than 30yo. we didn't get to buy all of our investment properties in 1980 so it's absolutely not a stool of wealth for us.

>>12514852
you don't have capital and are too big of a pussy to get under a mortgage because absolutely need the ability to panic sell at the slightest whiff of a downturn. i recommend >>12510834 and getting some better hands, preferably ones not made out of cotton candy.

>>12510151
This is the one that kills me: You can make a lot of money on youtube demoing your expensive things while everyone fantasises about being rich.

>>12514827
>higher taxes
I'll take 'em

>>12514929
you guys neeed to not let your envy get the better of you

these rich guys that demo their shit on youtube are literally setting their time on fire. there are 5000 of them making vids and maybe ONE of them got popular

I think making youtube videos loses you money in most instances. it's like envying people that play the lottery

>>12510151
how do you think people got rich?

>their parents

how do you think their parents got rich?

> their parents

Is it rich parents all the way down, then?

>>12514911
I'm actually a mid-level analyst at a major lender. I can see why you think I might be the average weak-hander but I assure you that isn't the case. I could buy property if I wanted to but I choose not to because I can see the writing on the wall. every new change to credit policy and the growing market share of non-banks is leading us into a new crisis faster and faster. no one seems to care though and just continues to FOMO buy while exchanging buzzwords and talking points with each other around rates and fed policy. I don't know when the floor will fall out, but it won't be pretty. americans will begin to feel it soon though when taxes can't be cut majorly again.

>>12514983
>mid-level analyst at a major lender.
i smell bullshit, i know guys that do this and their cars are worth more than what i've put into most properties. condo's are lunch money shit and you know it.

>>12510235
I think there used to be a private wealthy social network but it went bankrupt. Which is really weird since it was founded by someone who is worth $500m or so.

Not really sure why there aren't online country clubs, there should be.

>>12515035
I don't think you know what mid-level means. and I work at a lender not an investment bank. go ahead and buy your downtown condos, it's a good investment, but don't be surprised when the rest of america finds out most property values are being supported by boomer greed and made possible by loosening credit policy. no one needs down payment money anymore.

I just want $50k in my bank account first, just to get good health insurance. Then at $100k I will allow myself to get a girlfriend. $2.5million, kids.

>>12515067
This. Goddamn I am hoping that I can save up some cash to invest when it happens.

>>12515067
>I don't think you know what mid-level means. and I work at a lender not an investment bank.

i didn't and thank you for your clarification.

>property values
i don't care about property values too much. i just care about my rent checks and how far i'm leveraged with mortgages.

>>12510188

I know lots of richfags that post on here. We all gambled on various ICOs together, and they simply got a lot luckier than me ;_;

>>12514791
The solution to this is simple...don't associate with anyone and ignore all offers such as the one you posted.

>>12510151
it is unfair. it is out of your power. realize this and find the love behind everything friend :)

>>12510155
Says the poor faggot
Given the choice, no one wants the race anon

Why do so many lottery winners go broke then?