[Life Advice for 18-30] How to Get Stupidly Wealthy

[Nicks_]

Bitcoin ETH is also regulated bruhh ho search it

Well well well

It's ETF not ETH

Secondly its only approved in US not around the world I guess

But the S&P 500 is approved by worldwide because I bet you don't even know S&P 500 is

 

[hbar19]

Postive for your thoughts because by 30 usually don't know wtf they even doing and the op said by 20 (1mil and by 25 earn 2Mil bla bla bla

They don't understanding inflation at all


Bitcoin ETH is also regulated bruhh ho search it

are you tht guy who started business @15 if not then stfu you and op

Inflation dont hurt much in India it's like 6-7% in India if a guy simply do fixed deposits. At times he would be able to match rate of inflation in India or very closer to it with very low difference. Don't know about US

 

[Nicks_]

Hmm okay.
Yes, some guys gets rich by 30 only by doing youtube vids. I know.
But right mindset to me, I get good knowledge and experience on myself crossing 35.
It Is my personal opinion

Well, this thread is not about getting rich its more about building wealth I guess

 

[Google adword expert]

Well well well

It's ETF not ETH

Secondly its only approved in US not around the world I guess

But the S&P 500 is approved by worldwide because I bet you don't even know S&P 500 is

Lmaooo

Inflation dont hurt much in India it's like 6-7% in India if a guy simply do fixed deposits. At times he would be able to match rate of inflation in India or very closer to it with very low difference. Don't know about US

so it's gurrenteed it's what you saying ?

 

[hbar19]

Well, this thread is not about getting rich its more about building wealth I guess

Yes mate.
I know this thread is about building wealth long term. Let's keep on the topic.
I want to say the fact, according to me intelligent persons I feel start making money after 35. About investment and if they keep invested for longterm to be wealthy. But exceptions are always there.

 

[Nicks_]

so it's gurrenteed it's what you saying ?

The bank can run anytime they want, especially if it's a private bankas far I heard about india

 

[Nicks_]

Yes mate.
I know this thread is about building wealth long term. Let's keep on the topic.
I want to say the fact, according to me intelligent persons I feel start making money after 35. About investment and if they keep invested for longterm to be wealthy. But exceptions are always there.

I would say all its really depends from country and on which family you belong to


I mean if you are from fluent family background then things are easier and better

 

[hbar19]

Lmaooo


so it's gurrenteed it's what you saying ?

In India taking an average of last 20 years yes. Rate of inflation is between 6-7%

 

[Nicks_]

In India taking an average of last 20 years yes. Rate of inflation is between 6-7%

And the same goes to S&P 500 8%-9% as mentioned @splishsplash

 

[Google adword expert]

In India taking an average of last 20 years yes. Rate of inflation is between 6-7%

I am from India bhai I know shit and they don't and talk bs

 

[hbar19]

The bank can run anytime they want, especially if it's a private bankas far I heard about india

If your concern is safety. Don't take risk and invest in big banks which are trusted. They will have 0.50% low return but it's okay
Don't go with high percent return with smaller banks which have risks

 

[Nicks_]

If your concern is safety. Don't take risk and invest in big banks which are trusted. They will have 0.50% low return but it's okay
Don't go with high percent return with smaller banks which have risks

I am talking about the people which are from india / Bangladesh etc

 

[Google adword expert]

I am talking about the people which are from india / Bangladesh etc

Have you even been to India ?

if not how you talking about other countries without knowing ???????

 

[Nicks_]

Have you even been to India ?

if not how you talking about other countries without knowing ???????

Yes i been there many times no doubt

 

[mengwarri]

investing early in high leverage digital skills and building multiple cash flowing assets is the fastest way to achieve real gains in your twenties.

 

[Google adword expert]

Yes i been there many times no doubt

Oh really next time whenever you come meet me and bring OP also I'll show the true india

 

[Nicks_]

investing early in high leverage digital skills and building multiple cash flowing assets is the fastest way to achieve real gains in your twenties.

That's true but what high leverage are you referring to ?

Oh really next time whenever you come meet me and bring OP also I'll show the true india

Being sarcastic ?

 

[Google adword expert]

Being sarcastic ?

Ofcourse not

We always welcome our guest and gurus who trying to be smart

 

[Nicks_]

Ofcourse not

We always welcome our guest and gurus who trying to be smart

Nevertheless, this is not the topic

& nobody here is a guru

 

[Julyio]

The more you can save the better. If it means living with your parents for 10 years for example do it.

You just need to do it for 10 years and you set yourself up for life.

If you do $1k/mo for 10 years your setup looks like:

year 10: $189k in portfolio.

At this point, you can stop adding. Just bank all your salary and start living.

Year 20: $449k in portfolio. At this point you can take 2% loans. It's not much, but it's $13.5k per year. But if you're mid 20's now, then this is when you're 55, so you're still working and have an extra $1k/mo.

year 30: Your principle is $1m - Your yearly loans are $31k.

It's not much, but it's $3k/mo for doing nothing. Decent retirement.

It compounds quickly from here though.

year 35: You can start to take 4% loans at this point. You're probably mid 60's. You have a good 20-25 years of great life left if you took care of yourself.

With 4% you've got $65k/year at year 35

$100k/year at 40, then by year 43-44 you'd reduce to 3% as you're approaching LTV of 40%.

It's decent. You give up $1k/mo of lifestyle spending for 10 years when you're young, in exchange for age 55+ having increasing tax free monthly amounts until you die. Your 60's, 70s and 80's would be relaxing, travelling, spending time with friends. A good life.

The technique works to get wealthy, and it works to just have a comfortable life. Depends how much you bank.

It's was honoured to have your reply thank you so much for the advise

Do you provide me 1v1 coaching sir?

I am really greatful to be your student