In general I've personally known and been friends with many millionaires (not that I am one or ever have been). Most of these people are from Wall Street, independent investors, private business people and software industry (I've never known any from 'adult').

From what I've learned over the last 15 years, is that when payday hits, one needs to be as frugal as possible during that cycle. Probably 90% of these folks who were rolling in it 10 years ago, are dry and barely making it today, or at a GREATLY reduced rate. My observation is when you're on top, live like nobody would know it, then when the cycle turns against you, you'll have enough to hopefully continue living at close to the same conservative level. Because the 'up' cycle NEVER lasts indefinitely.

When I see people obviously living large, putting on bling, limos everywhere, leasing big houses, etc... well I know that probably in 5 years or less they will be in for a big fall. I also know that folks who are REALLY doing well financially typically don't go around trying to convince people that they are... there's no internal need for it. They are among the most quite and unsuspecting.

soo true - i started owning again, and had $5k in repairs this year alone. there is something to be said for always driving new and not having to haggle on resale price

I agree and what you described is about 99% of the people here who actually did make a substantial amount of money over several years and then have had the gravy train stop.... they go broke.

Basically it's living nig-ga rich. They don't have any money, one day they start making a lot so right fucking away they have to go buy all the nice shit they could never afford. At the end of the month they not only do not have any savings left over but they didn't invest any of their income into making them more, passive income. The phrase " let your money work for you and not you work for your money" is an alien language phrase to them that they can not read much less comprehend. As the money was pouring in it was about trying to show off, live large and just assume it would last for ever.

Some say "easy come, easy go" but I am sure some of these people did work hard, they just had no clue of how to manage their money. The more they made, the more they spent and they didn't have the foresight to understand about investing or that it may not last for ever.

Who here has accomplished that? Who made millions, invested it wisely and is now making tons of money, passively from their investments and would still be a "millionaire" if their online income stopped tomorrow ?

Funny you mention that. I've been playing with the idea of selling mine and renting when I need one. I never use it and occasional renting would be much, much cheaper. Can't decide if I want to give up the "convenience" or not.

Oprah used to do that with her HARPO staff every year. 400 employees plus a guest for a week, all expenses paid resort style.

I almost got a guest spot on the Hawaii trip a few years back with a guy that was crushing on me but he ended up taking a closer friend/girl.

I dealt with it by photoshopping my head over the girls in all photos with Oprah and uploading them to Facebook and tagging my friend. He untagged himself.

For some reason that made me think of quiet and how he was conservative and never got the decades to enjoy it. :(

quiet played hard. Definitely died way too young, but he knew how to enjoy his fruit.

there are a few

its more fun than living cracker rich :thumbsup

This thread is a laugh....

anyone you can name. I am looking for a mentor :) God knows I am not one of them and I made some bad investments and still rely on my current online income.

So you have passive investments right now, that will pay for your current life style for the rest of your life, if you were to never make another penny from online business or any business that requires you to spend a decent amount of time working (which <- is my definition of " retired - if you want to be".) If that is you and never have to work again to maintain your current life style then more power to you.

hey that's racist!!! :winkwink:

there are many places where homes cost 50K so I do not understand why 200k should not count :2 cents:

Sounds more like hail than rain. :2 cents:

I live in a gated estate not because I'm a high roller or baller, but because it's studio to produce content. I rent a small room in the back to live in... otherwise I would live in a quiet 2-3 bedroom condo somewhere. now I do drive a fast car, but that's my kick. other than that I dont really spend any coin at all.... mostly just stay home and work or read a book etc...

same here, lost everything 2 times myself... once at 45, and once at 53

I am not a baller, Thanks

Is this thread about k-bizzle?

$200k in Melbourne wouldn't buy you a bedsit single room flat.

Where I live, the average apartment costs $450k for a dump and about $750k for a house needing renovation.

Not sure if I agree on the home owner status, I think it show more you reached a point in your life where you are ready to slow down (you are old :1orglaugh)

I purchased my first home around june this year and should be getting the keys at the end of this month when they are done building it, at that time I may change my mind about the ballin status :1orglaugh:wink wink:

GFY is 95% trolls these days and I'm pretty sure 75% of those trolls consider it to be high rollin' if they can afford bottle service every other week (on the girls drink free nights :wink wink: )

I'm poor in deeds and rich in thoughts ...

The lease on my $120,000 car is not much more than $1,100 (just over 1,5) If anyone is paying that much on a $55k car they're either getting seriously ripped off or have really shitty credit.

And $200,000 couldn't get you a studio loft in Boston.

i don't need all day to count cash...... nowadays you can check the balance online and it takes only a few seconds...

House I live in is paid for, probably worth around $750k just a couple blocks away from the AVN headquarters.
The other house is bigger and it's around $900k just 2 miles away. Homes here in the LA area are expensive.
While my house in Northern California is almost 1800 Sqft on a 1/4 acre lot and is only worth $175k
Location is everything

Isn't that about what a parking place costs in Boston?

.

I'm quite content with my lifestyle. Don't need a big house, flashy car or $500 jeans to make me happy.

This isn't the Playboy mansion and Aaron Spelling never had anything to do with porn.

what about a puke shell necklace

what about a stay at home father role

Unless he sold some into slavery.

Success isn't making bankers rich while you live in their big house and drive their flashy car, son.

You've been watching too many rap videos.

You didn't waste your time in this thread, some but not all here are idiots.

I always made between $500k-$750k a year in dating and pushing one small ultra niche adult site owned by a good friend who paid me 50% of everything, shooting content for some big companies, and investments (metals) but now don't make anywhere near that with my dating and health products. Most of my metals have been sold and put it into undeveloped land and medical bills, and a bit in November put options (if I am wrong on my timing and selections I will survive). I actually rent a condo right now and am lovin it because it is surrounded by nature and is hassle free. My house in LA was massive and insanely expensive in addition to he cost of the pool guy, yard crew, garbage, power, cleaning, and repairs but I did use it for shooting to offset somewhat. Actually in addition to the house in Hollywierd I had a beachfront apartment (not very nice but was awsome to fall asleep to the ocean waves) :1orglaugh) on Venice Beach. I used to drive new cars every year but now drive a Honda that is a few years old. But I have lost my materialistic idea of success and am much happier now. I could get back to where I was but am not willing to sacrifice time with my kid to build myself back up again. I might not be ballin but my 2 year old kid certainly is. We ordered one of these electric off road vehicles tonight. It looks much bigger in person. Mud here we come!
http://www.walmart.com/catalog/produ...uct_id=6526966

BTW, Jeff Bezos drove a old Honda Accord for several years after he became a billionaire. It is not an urban legend because I would see him at some of the same restaurants and wine events that I would attend and one time I saw him getting into his Honda with his wife. I sometimes saw him and his wife carring a pyramid and they would put it on their table. Anyone know what the fuck that is all about? :1orglaugh

The first $2 million is the most important. It gives you financial security. Make sure you get there.

If you have $3 million, feel free to gamble $500,000 on new business ideas.

But never ever dip into that first $2 million. That's your financial security.

I spent most of my money on Beautiful Women, Single Malt Scotch, Camera gear and lots of Travel.

The rest i wasted...

2m isnt enough for financial security retard.

that's 2mil more than you're ever gonna see, clownshoes

:1orglaugh

Pretty much. And it's the reason I live outside of Boston. Way too expensive.