|
Blazer420
ŦøжїϿ ÐȐȜȧƜƐȓ


Registered: 06/13/09
Posts: 4,825
|
Re: What is your personal wealth goal? [Re: LogicaL Chaos] 1
#26533311 - 03/13/20 06:52 PM (3 years, 10 months ago) |
|
|
Quote:
LogicaL Chaos said: For me, it would simply be to pay off all my debts, which are around $20,000. Thatd be amazing.
After thats done, any amount of savings would be awesome.
Same here brother
-------------------- ~ I used to get high on life, until I realized life was cut with morons ~ * You need 2 wake up and smell the music! * -We are all computer data in a materialistic world- |Sometimes you have to lose yourself, to find anything|
 
|
AtlasDashiell
Stranger
Registered: 03/19/20
Posts: 17
Last seen: 3 years, 1 month
|
Re: What is your personal wealth goal? [Re: Blazer420] 1
#26555930 - 03/24/20 08:39 PM (3 years, 10 months ago) |
|
|
Get out of debt, completely!!!
|
urisr1
Stranger
Registered: 03/14/20
Posts: 10
Last seen: 3 years, 10 months
|
Re: What is your personal wealth goal? [Re: AtlasDashiell]
#26562841 - 03/28/20 09:54 AM (3 years, 10 months ago) |
|
|
Trillions (in 20-30 years future market)
|
Asante
Mage


Registered: 02/06/02
Posts: 86,957
|
Re: What is your personal wealth goal? [Re: urisr1] 1
#26562985 - 03/28/20 11:32 AM (3 years, 10 months ago) |
|
|
Quote:
urisr1 said: Trillions (in 20-30 years future market)
-------------------- Omnicyclion.org higher knowledge starts here
|
Vigilantevendetta
Reality Bender


Registered: 04/11/20
Posts: 15
Last seen: 3 years, 6 months
|
Re: What is your personal wealth goal? [Re: Asante]
#26594187 - 04/11/20 08:16 PM (3 years, 10 months ago) |
|
|
$50 million net worth in 10 years. It may sound crazy but I’m dead serious. I made a few moves in real estate and increased it by ~$500k just in the last two years. The growth curve is exponential so if I keep up the momentum, there’s no reason why I could make it happen.
|
Asante
Mage


Registered: 02/06/02
Posts: 86,957
|
|
Quote:
Vigilantevendetta said: there’s no reason why I could make it happen.
Take that typo as an omen. If COVID-19 cant keep it exponential, probablu neither can you.
-------------------- Omnicyclion.org higher knowledge starts here
|
Kryptos
Stranger

Registered: 11/01/14
Posts: 12,322
Last seen: 2 hours, 22 seconds
|
Re: What is your personal wealth goal? [Re: Asante] 3
#26595834 - 04/12/20 01:41 PM (3 years, 9 months ago) |
|
|
Yeah, whenever someone says "the growth curve is exponential as long as you keep the momentum"...you're probably joining an MLM.
|
Sugabearcrisp
Not Your Average Bear



Registered: 10/14/19
Posts: 12,130
Loc: maybe I had too much, too fast
Last seen: 12 hours, 59 minutes
|
Re: What is your personal wealth goal? [Re: Kryptos]
#26595907 - 04/12/20 02:28 PM (3 years, 9 months ago) |
|
|
I would like 750 million so I could take 300 and set up a non profit to end dimentia, take 300 million and turn back the stupid war on drugs, then hook up some friends and do all those bucket list things with the other 150 million
Edit in seriousness 6 million is what fidelity said for wife and I.
Edited by Sugabearcrisp (04/12/20 02:30 PM)
|
Kryptos
Stranger

Registered: 11/01/14
Posts: 12,322
Last seen: 2 hours, 22 seconds
|
Re: What is your personal wealth goal? [Re: Sugabearcrisp]
#26596002 - 04/12/20 03:24 PM (3 years, 9 months ago) |
|
|
6.25m for a two person household is the point at which you no longer have to concern yourself with survival and can largely choose to do what you wish.
Assuming average life in the US.
|
Vigilantevendetta
Reality Bender



Registered: 04/11/20
Posts: 15
Last seen: 3 years, 6 months
|
Re: What is your personal wealth goal? [Re: Kryptos]
#26601780 - 04/14/20 11:07 PM (3 years, 9 months ago) |
|
|
No MLM here. I don’t even have business partners. I’m too controlling. I love naysayers btw, just makes the success that much sweeter 
I buy portfolios of rental properties from people who couldn’t manage them for a deep discount, use the rents to upgrade the properties and refinance to pull out capital for the next acquisition while increasing the amount of rent I can get.
Lots of Section 8 properties in my portfolio. Uncle Sam always pays the rent lol. It’s nothing new. Kind of a boring strategy actually but it’s given financial freedom, I can provide nicer homes for the less fortunate and allows me to pursue endeavors with a greater purpose. Anyone with a solid work ethic can do what I do. I’m not special.
“If you aim low, you’ll surely hit the target”
|
Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
Loc: West of Windward
Last seen: 4 months, 14 days
|
|
Been thinking about this a lot lately
- Second house in France on the SW coast - Nice appartment to live in (mortage free) - Second appartment to rent out and build retirement fund - Well paying job with the option of cutting down hours as I get older (probably interim management)
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

|
feldman114
Stragler


Registered: 09/06/19
Posts: 3,365
Loc: Bravos
Last seen: 3 years, 9 months
|
|
Quote:
Vigilantevendetta said: No MLM here. I don’t even have business partners. I’m too controlling. I love naysayers btw, just makes the success that much sweeter 
I buy portfolios of rental properties from people who couldn’t manage them for a deep discount, use the rents to upgrade the properties and refinance to pull out capital for the next acquisition while increasing the amount of rent I can get.
Lots of Section 8 properties in my portfolio. Uncle Sam always pays the rent lol. It’s nothing new. Kind of a boring strategy actually but it’s given financial freedom, I can provide nicer homes for the less fortunate and allows me to pursue endeavors with a greater purpose. Anyone with a solid work ethic can do what I do. I’m not special.
“If you aim low, you’ll surely hit the target”
Oh, so you’re a slumlord. Gotcha
|
Vigilantevendetta
Reality Bender



Registered: 04/11/20
Posts: 15
Last seen: 3 years, 6 months
|
Re: What is your personal wealth goal? [Re: feldman114]
#26612086 - 04/19/20 05:10 AM (3 years, 9 months ago) |
|
|
Oh you must be a shitty tenant who never pays their rent 🙄
Did you not read the sentence that described UPGRADING the properties? The reason I’ve been successful thus far is because I’m *not* a slumlord.
You’re comprehension of the written word and ability to make broad generalizations with no basis in reality is truly unique.
|
LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,595
Loc: The Inexpressible...
Last seen: 9 hours, 20 minutes
|
Re: What is your personal wealth goal? [Re: LogicaL Chaos]
#26612142 - 04/19/20 06:34 AM (3 years, 9 months ago) |
|
|
Quote:
LogicaL Chaos said: For me, it would simply be to pay off all my debts, which are around $20,000. Thatd be amazing.
After thats done, any amount of savings would be awesome.
I paid off my $1,200 Line of Credit! One step closer!
Going to invest more in cryptos as well. Crypto wealth would be coooool.
Feels incredible. Thanks US Treasury: https://www.shroomery.org/forums/showflat.php/Number/26606647
|
O_Dweeds
Humanitarian Magician


Registered: 09/27/14
Posts: 942
Loc: Molecular (Creating, Watc...
Last seen: 3 years, 3 days
|
|
Quote:
Vigilantevendetta said: Oh you must be a shitty tenant who never pays their rent 🙄
Did you not read the sentence that described UPGRADING the properties? The reason I’ve been successful thus far is because I’m *not* a slumlord.
You’re comprehension of the written word and ability to make broad generalizations with no basis in reality is truly unique.
We've got a greedy ol bat of a slumlord out this way who uses a team of lawyers to steal thousands from each rental contract (everyone's deposits & tons of completely falsified fees) then sits back and watches the shit show she creates. She's a successful thief who gets what she gives...pure hatred.
Hope you're one of the few good ones!
-------------------- Oxygen. Water. Neil Young Our word "planet" comes from the Greek word planetes, meaning "wanderer." "There ain't no revolution, only evolution, but every time I'm in Georgia I eat a peach for peace." Gregg Allman
|
Az88
Stranger
Registered: 05/04/20
Posts: 88
Loc: Texas
Last seen: 3 years, 1 month
|
Re: What is your personal wealth goal? [Re: O_Dweeds]
#26648772 - 05/04/20 05:48 PM (3 years, 9 months ago) |
|
|
You have to put this into perspective. How old is everyone so we know how much longer they have to save/retire.
29 y/o here. 8-10 year plan to save $35k a year. After that it will grow by itself until I retire at 65. 3 rental homes now, I want min. 2-3 more within 10 years.
Quasi retire at the end of the 10 year mark.
|
Az88
Stranger
Registered: 05/04/20
Posts: 88
Loc: Texas
Last seen: 3 years, 1 month
|
Re: What is your personal wealth goal? [Re: ManianFH]
#26648773 - 05/04/20 05:49 PM (3 years, 9 months ago) |
|
|
Quote:
mick said:
Quote:
Asante said:
Quote:
Antigov said: Last year, I wasn’t able to buy as much silver as I wanted too. This year I’m going to double down on it.
My unfounded guess is that Silver will go KA-FUCKING-BOOM this year.
Silver is a Yin metal a Fear metal, and I anticipate a WHOLE LOT OF FEAR in the world economy.
This might just be a grand year for UNLOADING silver and hoarding GOLD.
Ummmm I hope so.. Have been sitting on 220 ounces of silver for like 6 years now. Bought at 24... waiiiiitiing, waiiiiting hehe. Wish I had money to buy more actually but am currently saving up for my Roth contribution. Extra money maybe by August, which is still before the election, and my prediction for a big market change.
How the hell did you get so much silver so young?
|
Az88
Stranger
Registered: 05/04/20
Posts: 88
Loc: Texas
Last seen: 3 years, 1 month
|
Re: What is your personal wealth goal? [Re: today mylove]
#26648777 - 05/04/20 05:51 PM (3 years, 9 months ago) |
|
|
Quote:
today mylove said: "The richest person is (s)he who has enough. enough isn't a $ amount, but rather a state of mind"
Beautiful statement
|
Az88
Stranger
Registered: 05/04/20
Posts: 88
Loc: Texas
Last seen: 3 years, 1 month
|
|
Quote:
Vigilantevendetta said: $50 million net worth in 10 years. It may sound crazy but I’m dead serious. I made a few moves in real estate and increased it by ~$500k just in the last two years. The growth curve is exponential so if I keep up the momentum, there’s no reason why I could make it happen.
Care to share more info? What market? What real estate type residential or commercial? Age? Are you paying cash or financing?
|
magoogle
Stranger


Registered: 04/01/20
Posts: 29
Last seen: 3 years, 5 months
|
Re: What is your personal wealth goal? [Re: Az88]
#26650830 - 05/05/20 01:42 PM (3 years, 9 months ago) |
|
|
My goal used to be to acquire property through banks loans to build a portfolio then use capital growth to sell at profit and pay down the debt. Pretty typical property investment strategy in Australia. Then I realised I dont actually enjoy having to think & worry about the market, my tenants etc. So I sold the property at a small loss (it wasnt making much anyway and had low expectations of capital growth) and purchased some ETF's that just sit there doing their thing.
My goal now is to just pay off the debt on my place of residence then take a more flexible approach to work e.g. working less hours per week. I am lucky that I'm on a good salary that allows me to live comfortably and save at the same time. A while back I decided not to increase my cost of living as my salary increased and that has been a big help. It's an easy trap to get into.
|
|