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Originally Posted by bdjuf
all good, yes I am a young kid making my "first decent bucks"
but if you know that I save over 90% of my profits in the biz, it makes you think otherwise, no?
and the cars I bought, they are not liabilities, they are a business in themselves, that's why I invested "so much of my money" in them
and yes, every kid needs clothes and cool toys that make them happy  |
If that thing about the cars is the true motive then more power to you.
I doubt you save 90% of your profits.. that requires discipline and based on the stuff i _see on the boards about you_ (im aware that doesnt mean shit)
i dont think you have that YET. But i could be wrong i dont know you.
If its true i hope you are making enough money to 'retire' in a few years.
Let me tell you something real stupid only an idiot like myself can think up:
If you make 200-300k per year and save some of that you end up with
a decent amount of cash on the bank but nothing that will last you forever.
With enough cash in the bank and your current income stream drying out eventually theres not much motivation to conquer the next era.
Medium cash is a curse and shit will hit the fan. Even with multiple income streams.
We dont have a boss so (the lack of) money is our motivation unless you have
the discipline of ghandi.
I believe you spoke about "rich dad poor dad" and the only interesting
thing he wrote that i liked was "theres a difference between poor and broke people".
If you are 'rich' you are better of broke than left with some decent savings.
Dont be affraid to take risks with your money and spend it.
If you spend it with a chance on returns even better.
But dont end up with your 'cashcow trick' running dry and only enough money in the bank to support your lifestyle for lets say 3-5 years because
then you are fucked! Brains die.
Think big and you are right; nothing wrong with cool toys and clothes and living it, i try to do it every day.