making a million is easier than maintaining it... - Page 2 - GoFuckYourself.com

quiet · 03-16-2004, 01:08 AM

Quote:

Originally posted by bdjuf

why not invest in the canadian government?

bonds? that's around 3% right?

stocktrader23 · 03-16-2004, 01:11 AM

Quote:

Originally posted by quiet
all i'd ever ask is a garanteed 10% every single year (hell, i'd take 8%), with zero risk, for the rest of my life. i would be in nirvana. instead, it will always be a job.

Would love to send you 10% year after year and keep everything over. But it makes no difference, you wouldn't trust me with $20,000 much less a million or 3.

Here's to finding your 10%.

Petr · 03-16-2004, 01:11 AM

capital secured growth funds

quiet · 03-16-2004, 01:13 AM

Quote:

Originally posted by stocktrader23

Would love to send you 10% year after year and keep everything over. But it makes no difference, you wouldn't trust me with $20,000 much less a million or 3.

Here's to finding your 10%.

you never did send me that email you said you would

stocktrader23 · 03-16-2004, 01:17 AM

Quote:

Originally posted by quiet

you never did send me that email you said you would

Man I thought you were ignoring me! Damn Time Warner and their screwed up email, I'll send it again.

By the way, real estate is definately nice here. My friends $50,000 property brings in just over $1000 a month and you can do much better than that even. You should check somewhere that isn't so overpriced already.

quiet · 03-16-2004, 01:20 AM

Quote:

Originally posted by stocktrader23

Man I thought you were ignoring me! Damn Time Warner and their screwed up email, I'll send it again.

By the way, real estate is definately nice here. My friends $50,000 property brings in just over $1000 a month and you can do much better than that even. You should check somewhere that isn't so overpriced already.

no email...

50K = 1K/month is incredible.

but cheap property doesn't mean anything, by itself....

stocktrader23 · 03-16-2004, 01:25 AM

Quote:

Originally posted by quiet

no email...

50K = 1K/month is incredible.

but cheap property doesn't mean anything, by itself....

It's just the market here. He had to turn down a $30,000 house recently because of no capital. It rents for $600 as is and it's not in the best shape. Everything around rents for a decent amount because of the air force base we have but the prices to purchase are way out of whack in comparison to most of the country. You could probably buy 20 $30,000 to $40,000 properties this month that rent for $550 to $650.

And the funniest thing of all around here, a $5000 used trailer in a trailer park rents for $400 to $600 as well.

AWW - Kevin · 03-16-2004, 01:27 AM

what's your email quiet ? was going to send the answer to something you asked me a week back

RP Fade · 03-16-2004, 01:29 AM

Quote:

Originally posted by quiet
once you're rich, you face a lifetime of retaining that wealth. how do you do it? discuss...

Diversify..stocks, bonds, mutual funds, 401k, real estate (income properties, commercial and residential) and create budget for yourself that you can adhere to comfortably, yet strictly. Don't over-extend or over-leverage yourself and create too many liabilities.

Of course, once you've become a millionaire you will also have a substantial and steady cash flow as well.

bcooter · 03-16-2004, 01:30 AM

30k and 50k for houses??? where the fuck are you guys????

cheapest house i had ever shown was 68k, and the only way to make it livable was to tear it down and start over. and it was in the ghetto.

JulianSosa · 03-16-2004, 01:30 AM

Quote:

Originally posted by quiet
all i'd ever ask is a garanteed 10% every single year (hell, i'd take 8%), with zero risk, for the rest of my life. i would be in nirvana. instead, it will always be a job.

Quiet
I know a guy who makes 12% on hard cash loans for property
Mostly commercial/land stuff over 10% down

He has 20+ mil out there. Made all his money on stocks but doesnt want the risk now days

quiet · 03-16-2004, 01:31 AM

Quote:

Originally posted by JulianSosa

Quiet
I know a guy who makes 12% on hard cash loans for property
Mostly commercial/land stuff over 10% down

He has 20+ mil out there. Made all his money on stocks but doesnt want the risk now days

sounds wonderful, which is also the problem.

ultraquiet at mac dot com

beemk · 03-16-2004, 01:32 AM

Quote:

Originally posted by stocktrader23

$8000 a month for a mill invested? Pfff. Could easily pull down $20,000 to $40,000 a month with 1 million in real estate here. Still shitty returns if you ask me.

plus the value that the houses go up over time. if i really did get all that $ and i had a lot of time to put into it, i would more like buy 50-75 all with mortgages and use most of the million for the down payments and use some for minimal work on the houses and make sure i save a lot for the payments when i dont have renters and if anything goes wrong. that way the renters are paying your mortgage and you make a small profit. the only problem is finding the good deals on the houses, that will take a long time, you can just find 50 houses overnight.

Brujah · 03-16-2004, 01:33 AM

Quote:

Originally posted by quiet
you can't stay away from my threads

was I supposed to ?

Brujah · 03-16-2004, 01:39 AM

The things you own, end up owning you. It's only after you've lost everything that you're free to do anything.

stocktrader23 · 03-16-2004, 01:40 AM

Quote:

Originally posted by bcooter
30k and 50k for houses??? where the fuck are you guys????

cheapest house i had ever shown was 68k, and the only way to make it livable was to tear it down and start over. and it was in the ghetto.

Louisiana. I was dead serious about $5000 trailers pulling $400 to $600 a month as well. It's crazy how different it is compared to other places but it's been like this forever. Even if you splurged for a new $20,000 trailer to rent at $500 a month you'd be making a killing.

quiet · 03-16-2004, 01:41 AM

Quote:

Originally posted by Brujah

was I supposed to ?

of course not

Brujah · 03-16-2004, 01:48 AM

Quote:

Originally posted by quiet
of course not

I love you man!

Keev · 03-16-2004, 02:36 AM

You guys keep reffering to houses under 100k where the heck is this? Midwest or ? I don't think homes in california can be found for under 250-350k....

As far as investments I like commerical properties, never been fond of stocks and bonds since you can make better returns investing in other investments.

The Other Steve · 03-16-2004, 02:53 AM

Jump on a plane and come to Queensland but bring your cheque book with you.

Go to little places along the coast like Yeppoon and start buying waterfront houses - nothing flash - just basic 3 to 4 bedroom houses. In around five years those places are going to be worth big money.

Down here where we live a 4 bedroom house on 1/4 acre block just across the road from the beach just went for 4 million.

The owner didn't even have it on the market - a resort developer just knocked on the door and offered him the 4 mil with no haggling - a week later the cash was in his bank account.

In 5 years time Yeppoon and further north is going to go the way of this place and developers are going to be walking around with suitcases full of money.

A house like that would be going for around $A300,000 or even less atm - that's $US221,504.42 at the current exchange rate.

strobi · 03-16-2004, 02:55 AM

Long term (10 years) intrest rate is at 6.00% here and rising.. so I would go for that

Regular intrest rate on a savings account is 3.5% ATM.

quiet · 03-16-2004, 02:56 AM

Quote:

Originally posted by The Other Steve
Jump on a plane and come to Queensland but bring your cheque book with you.

Go to little places along the coast like Yeppoon and start buying waterfront houses - nothing flash - just basic 3 to 4 bedroom houses. In around five years those places are going to be worth big money.

Down here where we live a 4 bedroom house on 1/4 acre block just across the road from the beach just went for 4 million.

The owner didn't even have it on the market - a resort developer just knocked on the door and offered him the 4 mil with no haggling - a week later the cash was in his bank account.

In 5 years time Yeppoon and further north is going to go the way of this place and developers are going to be walking around with suitcases full of money.

A house like that would be going for around $A300,000 or even less atm - that's $US221,504.42 at the current exchange rate.

i don't quite follow you, but if you want to spread the info ultraquiet at mac dot com...

quiet · 03-16-2004, 02:57 AM

Quote:

Originally posted by strobi
Long term (10 years) intrest rate is at 6.00% here and rising.. so I would go for that Regular intrest rate on a savings account is 3.5% ATM.

6% interest rate where? you mean a bank account?

strobi · 03-16-2004, 02:58 AM

Quote:

Originally posted by stocktrader23

It's just the market here. He had to turn down a $30,000 house recently because of no capital. It rents for $600 as is and it's not in the best shape. Everything around rents for a decent amount because of the air force base we have but the prices to purchase are way out of whack in comparison to most of the country. You could probably buy 20 $30,000 to $40,000 properties this month that rent for $550 to $650.

And the funniest thing of all around here, a $5000 used trailer in a trailer park rents for $400 to $600 as well.

Why don't you buy everything there is at your place? damn I would be all over it!

irishfury · 03-16-2004, 03:01 AM

I think knowing when to take the money you earn and run is as important as making it.

strobi · 03-16-2004, 03:01 AM

Quote:

Originally posted by quiet

6% interest rate where? you mean a bank account?

Yep in a 10 years savings account (blocked). Fully insured. Rates are between 5.5$ and 6$ in Belgium. (edit: if you keep the money in your account for 10+ years)

StuartD · 03-16-2004, 03:09 AM

retain?

retirement savings plans.
bonds.
mutual funds.
hollow matress

What ever works for you.

One thing to consider is franchising yourself, or what you do. Earn a % off those you can trust to have doing what you do.... if 5 people can get to even 50% of the earning potential you can get, and you're making a % from each, you can do very well for yourself without ever lifting a finger.

AWW - Kevin · 03-16-2004, 03:11 AM

get my last 2 email quiet ?

Quote:

Originally posted by The Other Steve
Jump on a plane and come to Queensland but bring your cheque book with you. ..........

i agree Queensland is the place to be, i would still suggest
checking out the gold coast while you're there. It hasn't been Australia's fastes growing city the last 10years for nothing

The Other Steve · 03-16-2004, 03:30 AM

Quote:

Originally posted by AWW - Kevin
get my last 2 email quiet ?

i agree Queensland is the place to be, i would still suggest
checking out the gold coast while you're there. It hasn't been Australia's fastes growing city the last 10years for nothing

Got to agree with you there - it's the only place I've ever seen the real estate agents open at 10.30 at night and still doing business.

Still - prices are already high there whereas further north it's still a good time to buy low and watch your investment appreciate.

Paul Markham · 03-16-2004, 03:42 AM

Spread your investments, property, gold, shares, bonds, mutual funds. And make sure you live withing the profits.

As you said making the money is the easy part, resisting the urge to spend iit is hte hard part. I like to see the figure in our deposit account go up faster than inflation.

beemk · 03-16-2004, 03:50 AM

Quote:

Originally posted by bcooter
30k and 50k for houses??? where the fuck are you guys????

cheapest house i had ever shown was 68k, and the only way to make it livable was to tear it down and start over. and it was in the ghetto.

and you live in detroit? are you kidding? what part of detroit do you live in?

sacX · 03-16-2004, 03:51 AM

Quote:

Originally posted by The Other Steve
Jump on a plane and come to Queensland but bring your cheque book with you.

Go to little places along the coast like Yeppoon and start buying waterfront houses - nothing flash - just basic 3 to 4 bedroom houses. In around five years those places are going to be worth big money.

Down here where we live a 4 bedroom house on 1/4 acre block just across the road from the beach just went for 4 million.

The owner didn't even have it on the market - a resort developer just knocked on the door and offered him the 4 mil with no haggling - a week later the cash was in his bank account.

In 5 years time Yeppoon and further north is going to go the way of this place and developers are going to be walking around with suitcases full of money.

A house like that would be going for around $A300,000 or even less atm - that's $US221,504.42 at the current exchange rate.

I dunno where Yeppoon is, but anywhere around Port Douglas is damn nice!! Thinking seriously about getting a place there.

sacX · 03-16-2004, 03:53 AM

i'm investing in typein adult names. If you do your research you can find names that will return >50% in the first year.. and after you've made your initial investment back they're pretty much a cash cow. Of course risks are like those in adult, visa stops processing?, people stop typing in?!

Of course you're probably wanting to diversify out of internet porn

TheJimmy · 03-16-2004, 11:33 AM

Quote:

Originally posted by quiet
all i'd ever ask is a garanteed 10% every single year (hell, i'd take 8%), with zero risk, for the rest of my life. i would be in nirvana. instead, it will always be a job.

oversee this 'job'

don't get stuck on the 'independence' level of:

1) dependence
2) independence
3) interdependence...

ok ok ok, I'm having too much fun quoting book derived concepts this morning ;)

PS: this one is from one of Covey's books...

sake · 03-16-2004, 11:35 AM

Quote:

Originally posted by ajpiii
Real Estate... Lots of Rental properties. then hire a management company to take care of it. Just collect the profits. Cant loose money in Real Estate.

I agree. Gotta invest some money in real estate, always a GOOD profit.

bluff · 03-16-2004, 11:37 AM

quiet, it's not cool to play the 'playah'. It's stupid, actually.

Basic_man · 03-16-2004, 11:41 AM

Invest it and make 2 millions

x-vision · 03-16-2004, 11:43 AM

It takes money to make money. It's way easier to keep it than make it to begin with. Now that I have it, I have investements working for me that I don't even need to touch and they pay all my bills. My income just adds to my bank account.

rjstar · 03-16-2004, 11:44 AM

Student accomadation is a good profitable business. Get someone to oversea your properties and you will make a fair amount.

tbabe · 03-16-2004, 11:50 AM

have you considered loan sharking? Get some of that money on the street and mae it work for you.

Head · 03-16-2004, 11:52 AM

Quote:

Originally posted by quiet
once you're rich, you face a lifetime of retaining that wealth. how do you do it? discuss...

invest! Make your money work for you not you work for your money!

SetTheWorldonFire · 03-16-2004, 11:57 AM

Sell some more porn

Huggles · 03-16-2004, 12:03 PM

Quiet, you ever goto Whistler in the Summer?

Herb Kornfield · 03-16-2004, 12:15 PM

Here is the plan that works for me here.

Renting out rooms in houses. You can get a 5-6 bedroom house in Philly that are in decent areas for $20k - $40k. I've got one for 10k in a more industrial area that has 8 bedrooms.

1. $100 a week for a room.

2. $10 per week for a ethernet drop off the cable modem ( 8 port linksys, lol )

3. $20 a month for " colo space " aka - basement storage in a 6X10 wire cage area in the basement. Padlock included.

4. One time $10 fee to provide a pallet to keep your gear off the basement floor.

What is provided.

1. Cable TV / hot water / heat / laundry facilites / power / safe environment.

For the tennants we get ( halfway house vets, etc ) this is the most stable place they have to go to and are fantastic people. Sure they have made mistakes, but, also, I get people that pay on time and if they dont, just hit the bricks that night.

Here is the bottom line.

10k house - note is $117.00 a month
utiliites average --- $700.00 a month
misc costs brings it to about a thousand a month.

The tennats are paying

$3200.00 a month in rents ( 8 rooms at $100 per week )
$200 a month in cable modem ethernet drops
$400 a month in storage space fees.

$3800.00 a month / $2800.00 a month profit.

Rooming houses make the world go round...

Nismo · 03-16-2004, 12:29 PM

with $1mil + in the bank, the possibilities are endless.

Lykos · 03-16-2004, 12:38 PM

I will let u know as soon as i made one

hoe_vender · 03-16-2004, 12:53 PM

that is the truth

beemk · 03-16-2004, 01:01 PM

Quote:

Originally posted by Herb Kornfield
Renting out rooms in houses. You can get a 5-6 bedroom house in Philly that are in decent areas for $20k - $40k. I've got one for 10k in a more industrial area that has 8 bedrooms.

damn i thought houses in detroit were cheap.... isnt it hard to find people to rent the house and worry about them paying, etc... or do you hire that out?

Paparazzi · 03-16-2004, 01:13 PM

start a poker site

phantom · 03-17-2004, 08:51 PM

McDonalds franchise's

or if you can find someone you can trust who has experience in real esate try developing instead of just renting out.
buy a property in a new estate, subdivide, build houses, sell and move on

03-16-2004, 01:30 AM	#60
bcooter Confirmed User Join Date: Jan 2004 Location: Detroit Posts: 797	30k and 50k for houses??? where the fuck are you guys???? cheapest house i had ever shown was 68k, and the only way to make it livable was to tear it down and start over. and it was in the ghetto. __________________ Where I make All My Non-Adult Money

03-16-2004, 01:39 AM	#65
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	The things you own, end up owning you. It's only after you've lost everything that you're free to do anything. __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

03-16-2004, 02:36 AM	#69
Keev Confirmed User Join Date: May 2001 Posts: 5,335	You guys keep reffering to houses under 100k where the heck is this? Midwest or ? I don't think homes in california can be found for under 250-350k.... As far as investments I like commerical properties, never been fond of stocks and bonds since you can make better returns investing in other investments. __________________ ReliableServers.com - NO REF LINK!

03-16-2004, 02:53 AM	#70
The Other Steve Confirmed User Join Date: Dec 2001 Location: Sunny Queensland - perfect one day and better the next. Posts: 2,106	Jump on a plane and come to Queensland but bring your cheque book with you. Go to little places along the coast like Yeppoon and start buying waterfront houses - nothing flash - just basic 3 to 4 bedroom houses. In around five years those places are going to be worth big money. Down here where we live a 4 bedroom house on 1/4 acre block just across the road from the beach just went for 4 million. The owner didn't even have it on the market - a resort developer just knocked on the door and offered him the 4 mil with no haggling - a week later the cash was in his bank account. In 5 years time Yeppoon and further north is going to go the way of this place and developers are going to be walking around with suitcases full of money. A house like that would be going for around $A300,000 or even less atm - that's $US221,504.42 at the current exchange rate. __________________ Left intentionally blank ... just like my brain

03-16-2004, 03:01 AM	#75
irishfury Confirmed User Join Date: Aug 2003 Location: In the hearts of cowards Posts: 2,611	I think knowing when to take the money you earn and run is as important as making it. __________________ Trust no one there all snakes

03-16-2004, 01:11 AM	#53
Petr Confirmed User Join Date: Mar 2002 Posts: 502	capital secured growth funds

03-16-2004, 01:27 AM	#58
AWW - Kevin Confirmed User Industry Role: Join Date: Jan 2002 Location: AdultWebmasterInfo Posts: 2,353	what's your email quiet ? was going to send the answer to something you asked me a week back

03-16-2004, 02:55 AM	#71
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	Long term (10 years) intrest rate is at 6.00% here and rising.. so I would go for that Regular intrest rate on a savings account is 3.5% ATM.

03-16-2004, 03:09 AM	#77
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	retain? retirement savings plans. bonds. mutual funds. hollow matress What ever works for you. One thing to consider is franchising yourself, or what you do. Earn a % off those you can trust to have doing what you do.... if 5 people can get to even 50% of the earning potential you can get, and you're making a % from each, you can do very well for yourself without ever lifting a finger. __________________ This is me on facebook This is me on twitter

03-16-2004, 03:42 AM	#80
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Spread your investments, property, gold, shares, bonds, mutual funds. And make sure you live withing the profits. As you said making the money is the easy part, resisting the urge to spend iit is hte hard part. I like to see the figure in our deposit account go up faster than inflation. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

03-16-2004, 03:53 AM	#83
sacX Confirmed User Join Date: Dec 2002 Location: New Zealand Posts: 2,998	i'm investing in typein adult names. If you do your research you can find names that will return >50% in the first year.. and after you've made your initial investment back they're pretty much a cash cow. Of course risks are like those in adult, visa stops processing?, people stop typing in?! Of course you're probably wanting to diversify out of internet porn __________________ Have Asian Language Traffic?

03-16-2004, 11:37 AM	#86
bluff Too lazy to set a custom title Join Date: Jan 2004 Location: Bluffville Posts: 6,253	quiet, it's not cool to play the 'playah'. It's stupid, actually.

03-16-2004, 11:41 AM	#87
Basic_man Programming King Pin Industry Role: Join Date: Oct 2003 Location: Montreal Posts: 27,360	Invest it and make 2 millions __________________ UUGallery Builder - automated photo/video gallery plugin for Wordpress! Stop looking! Checkout Naked Hosting, online since 1999 !

03-16-2004, 11:43 AM	#88
x-vision Confirmed User Join Date: Nov 2002 Location: virtual reality Posts: 1,013	It takes money to make money. It's way easier to keep it than make it to begin with. Now that I have it, I have investements working for me that I don't even need to touch and they pay all my bills. My income just adds to my bank account. __________________ Get the VirtualFX 2D to 3D TV Converter or 3D Glasses for your PC. Great affiliate and resale programs available. http://www.realistixxx.com/

03-16-2004, 11:44 AM	#89
rjstar Confirmed User Join Date: Jul 2002 Posts: 353	Student accomadation is a good profitable business. Get someone to oversea your properties and you will make a fair amount. __________________ <a href='http://stats.ars4real.com/wmref/click.php?type=but&a=1017433'> <img border=1 src='http://stats.ars4real.com/wmref/load.php?type=but&a=1017433'>

03-16-2004, 11:50 AM	#90
tbabe Confirmed User Join Date: Dec 2003 Posts: 2,494	have you considered loan sharking? Get some of that money on the street and mae it work for you. __________________ Still one of the best programs on the net. According to their banner, you can get rich.

03-16-2004, 11:57 AM	#92
SetTheWorldonFire Confirmed User Industry Role: Join Date: Feb 2002 Location: California Posts: 7,444	Sell some more porn __________________ www.STWOFDesign.com hit me up on icq 154206276 or Skype: JaimeGizzle

03-16-2004, 12:03 PM	#93
Huggles GFY'S #1 retard Industry Role: Join Date: Feb 2003 Location: Kelowna Posts: 11,121	Quiet, you ever goto Whistler in the Summer? __________________ https://3-veo.com/ The best AI video maker portal.

03-16-2004, 12:15 PM	#94
Herb Kornfield Is on the 1 Industry Role: Join Date: Sep 2002 Location: Philly Burbs Posts: 4,996	Here is the plan that works for me here. Renting out rooms in houses. You can get a 5-6 bedroom house in Philly that are in decent areas for $20k - $40k. I've got one for 10k in a more industrial area that has 8 bedrooms. 1. $100 a week for a room. 2. $10 per week for a ethernet drop off the cable modem ( 8 port linksys, lol ) 3. $20 a month for " colo space " aka - basement storage in a 6X10 wire cage area in the basement. Padlock included. 4. One time $10 fee to provide a pallet to keep your gear off the basement floor. What is provided. 1. Cable TV / hot water / heat / laundry facilites / power / safe environment. For the tennants we get ( halfway house vets, etc ) this is the most stable place they have to go to and are fantastic people. Sure they have made mistakes, but, also, I get people that pay on time and if they dont, just hit the bricks that night. Here is the bottom line. 10k house - note is $117.00 a month utiliites average --- $700.00 a month misc costs brings it to about a thousand a month. The tennats are paying $3200.00 a month in rents ( 8 rooms at $100 per week ) $200 a month in cable modem ethernet drops $400 a month in storage space fees. $3800.00 a month / $2800.00 a month profit. Rooming houses make the world go round...

03-16-2004, 12:29 PM	#95
Nismo Confirmed User Join Date: May 2002 Location: FLORIDA Posts: 4,977	with $1mil + in the bank, the possibilities are endless. __________________ i buy massive xxx dating traffic.

03-16-2004, 12:38 PM	#96
Lykos Too lazy to set a custom title Industry Role: Join Date: Apr 2003 Location: World Posts: 31,027	I will let u know as soon as i made one __________________

03-16-2004, 12:53 PM	#97
hoe_vender Confirmed User Join Date: Dec 2003 Location: Lincoln, NE Posts: 2,018	that is the truth __________________ ICQ #286508534

03-16-2004, 01:13 PM	#99
Paparazzi Confirmed User Join Date: Mar 2002 Posts: 3,488	start a poker site __________________ Pure Level(3) Premium Bandwidth When Quality Counts

03-17-2004, 08:51 PM	#100
phantom Registered User Join Date: May 2001 Location: Australia Posts: 27	McDonalds franchise's or if you can find someone you can trust who has experience in real esate try developing instead of just renting out. buy a property in a new estate, subdivide, build houses, sell and move on