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

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

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 :)

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...

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

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

Invest it and make 2 millions :thumbsup

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.

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

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

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

Sell some more porn :thumbsup

Quiet, you ever goto Whistler in the Summer?

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...
:thumbsup :thumbsup

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

I will let u know as soon as i made one:winkwink:

that is the truth

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?

start a poker site :)

McDonalds franchise's :winkwink:

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

100 millions bling bling

something interesting - if you bought stock at the worst possible time - the DAY before the 1929 stock market crash- and diversified it across the top 200 companies ten years later you STILL would have received the equivalant of about 8% annual compounded growth on your money.

year to year it's risky, but over 10 and 20 year periods the stock market is very safe if properly diversified.

what does that mean for large sums - well wihdrawing a set PERCENTAGE of the total every year - not a set amount - will maintain your wealth and allow you to continue to outpace inflation.

long term inflation is 3-4% - assuming 8-9% on a WELL diversifed equity only portfolio, that means that a million cash withdrawing about 6-7 % will provide about $65,000 a year income adjusted to inflation every year for life - with some flucation up and down on the year depending on how good or bad the year was.

what does that mean - a lot more money than I was hoping to put away - in other words more work for longer till i retire

are there really places where you can get a house for 10k with 8 bedrooms??

i have never heard of anything this cheap before, maybe im not understanding it right?

That's an erroneous statement. You can lose your shirt in real estate just like anything else if you don't know what you're doing.

I have one friend who bought 24 rental home properties. She thought it would be a breeze to find tentants. Well it wasn't as easy as she thought and she had some nightmare tenants in one that played every game in the book to stay in the house without paying. Others messed up her homes bad. Some of the homes she bought had roof problems. It was one thing after another and she's just about at the belly up point now where the bank is about to foreclose on a bunch of her properties. She just didn't plan her cash flow well.

I lost $500,000 myself in a real estate deal that went south.

So don't ever think real estate is a sure thing.

The real secret to maintaining it is to keep working.

When I was younger and tried the semi retirement thing, I started doing diversified investing and the returns sucked in comparison to what I could have done with that capital by just plowing back into businesses I knew and was good at.

I've never been able to find anyone who could make me a return better than I could do on my own endeavors. Not a single one.

:thumbsup Well put.

Hire the right CFP (Certified Financial Planner or Firm) to work with the right law firm. The single biggest problem is picking the right people to help manage the cash. Actually the list is longer. You need more than one attorney. Estate planning is one, tax is another along with that CFP and CPA.

Oh, a mil? not that much anyway these days. We just spent all that money on staff.

very true. i'm still looking, and i doubt i'll ever find it.

Investing in property is a must if you are in a high income earner. The government is basically paying you to invest! Plus with property you can leverage to the fuckhouse and have nothing come out of your pockets after rental yield and tax benifits.

If you had 1mil to invest the banks will lend you at least another 4 million keeping LoanValueRatio at 20% Even if the property market has a shit year and capital growth is only 3%, you have still made $150,000 in equity...put that same million in the bank at 5% you have only made $50,000 and then they will tax half of that.

Property is very forgiving over time...you have to look at it as a 10-30 year investment. Not sure about Canada or US but in AU the average capital growth for residential property has been 12% PA over the past 100 years.

wise words - VERY wise words

Buy multi-residential properties with cash flows. You can't loose.

Invest...save...invest...and save some more. Pretty solid investments that gives atleast annual 50% ROI are:

http://www.superfund.com/ Trades
http://www.investforclosures.com/ Real Estates


The rich keep getting richer.

?Life is like highschool with money.? -Frank Zappa

just buy candy for the money

We did 80%+ last year on the stock market last year with 10% max risk. The average person does not understand how easy this is and cannot comprehend numbers like this due to the fact that we are all fed financial bullshit all day. There are low risks traders doing 200%+

If you want some info on a hedge fund that will return 50%+ hit me up.

Sorry, above post about Hedge Funds was from me. Just registered for a mate and it didnt log me out. If you got any questions let me know.

some thing are not meant to last.....

You simply keep making more!!!


J.W.
www.420SexShop.com