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

[r2150523]

$2k/mo or whatever into bitcoin for 10 years, then the worst hits and he has very little.

So maybe when the worst hits, just buy more and wait for the best another 10 years?

poor guy making $5k/mo

This isn't poor in Europe. I think $500/mo is poor. But it's only true for jobs, not business.

 

[splishsplash]

So maybe when the worst hits, just buy more and wait for the best another 10 years?



This isn't poor in Europe. I think $500/mo is poor. But it's only true for jobs, not business.

$5k/mo is poor in Europe. Poor enough that if you spent 10 years putting by $4k/mo and lost it you would be devastated.

That's why I just advise the s&p 500. It's safe. Your own risk tolerance is your own. That's just my advice.

 

[ferg2]

$2mil by age 25, is easy just sell make money online courses and info products like Alex Becker did and then use that money to create a SaaS, you will be worth $100m by age 30.

 

[GlamRock]

$5k/mo is poor in Europe. Poor enough that if you spent 10 years putting by $4k/mo and lost it you would be devastated.

That's why I just advise the s&p 500. It's safe. Your own risk tolerance is your own. That's just my advice.

What...??? You're hilarious

Saying €4,600 (USD 5k) is poor in Europe completely misrepresents the reality of the EU's economy.

Youre a self-proclaimed financial expert, surely you should have better knowledge than that.

Even in higher income countries like France & Germany, the average gross income/mth is €3.6k and up.
And Southern EU, its even much lower.
Greece can be as low €1k for many people.

As for the Balkans... don't even go there!!!
Thats a different story, lol...
I dare you to tell that to someone in Kosovo or Albania, they'll eat you alive.

For someone whose niche is Finance & Economics (I assume that's your niche), your perspective does not make sense from a real world standpoint.

 

[Nicks_]

Is this applicable to all countries? If yes how does it really work I mean borrow against voo stock

@splishsplash you missed to answer this

What...??? You're hilarious

As for the Balkans... don't even go there!!!
Thats a different story, lol...
I dare you to tell that to someone in Kosovo or Albania, they'll eat you alive.

For someone whose niche is Finance & Economics (I assume that's your niche), your perspective does not make sense from a real world standpoint.

You forget to mentioned the asian countries where the average wage even than less $250-$500/mo even more lesser than that

 

[GlamRock]

@splishsplash you missed to answer this



You forget to mentioned the asian countries where the average wage even than less $250-$500/mo even more lesser than that

I LOL'd and LOL'd

That's not a different story, we're not even in the same book anymore now, lol.

I would pay to watch him tell an Indian,

"If you make 5 Lakh/month youre poor"

 

[r2150523]

Isn't poverty state of mind?
I think we call people broke, not poor.
I think the primary belief of poor people is that money is hard to make!

 

[r2150523]

Nor i am from India & wtf is lakh doesnot india currency in INR

Lakh is 100k. 100k INR to USD is about 1k usd.

 

[Nicks_]

Lakh is 100k.

In which language? It's not an english word though as we usually call it a hundred thousands

 

[r2150523]

In which language? It's not an english word though as we usually call it a hundred thousands

lakh is a unit in the Indian numbering system

 

[Nicks_]

lakh is a unit in the Indian numbering system

You mean 100K called lakh and 200K called two lakh, so go and so forth?

Thanks for enlightening me

 

[Mrnewbie]

Lakh is a unit in the Indian numbering system

You mean 100K called lakh and 200K called two lakh, so go and so forth?

Thanks for enlightening me

Let's not keep going back and forth and stay on topic.


Also, I think the whole point of this thread is to see your potential and shoot for the moon while you're young; for some of us in our 40s, it's not the same due to family responsibilities, etc. When someone gives you advice, you don't have to shoot it down; you just have to be open to listening and twist it for yourself. Learn from everyone instead of picking apart everything, and you will be much happier in life. Remember, we are here for a limited time, so make it count.

 

[Venusaur]

Let's not keep going back and forth and stay on topic.


Also, I think the whole point of this thread is to see your potential and shoot for the moon while you're young; for some of us in our 40s, it's not the same due to family responsibilities, etc. When someone gives you advice, you don't have to shoot it down; you just have to be open to listening and twist it for yourself. Learn from everyone instead of picking apart everything, and you will be much happier in life. Remember, we are here for a limited time, so make it count.

keep an eye on this thread, man
there are several weird profiles farming likes here
some newly created accounts spreading likes
and some guys discussing with themselves with their alts xD

 

[Mrnewbie]

keep an eye on this thread, man
there are several weird profiles farming likes here
some newly created accounts spreading likes
and some guys discussing with themselves with their alts xD

Again, if you see anything, let us know, just report it.

 

[GlamRock]

Lmao I didn't know India was not the only country in asia you little br*t

Nor i am from India & wtf is lakh doesnot india currency is INR

Instead of paying someone, go invest in your knowledge because telling I am a girl on the forum is the polish and oldest scam so stop the duck up


You know what you know people like @GlamRock don't know the word broke so they just call it poor in fact, that's a huge misconception

Do not troll.

My conversation was with the OP.
And as usual, you're behaving again like a pop-up ad, joining my conversation about EU & USA, and youre referencing Asia.

It was irrelevant, but you still received my opinion.

Secondly, this thread is about money and investments.
Why is my gender of any relevance here?

Again, talking about apples and you bring out a lawnmower.

Lastly, I never told you my gender, that conversation was between me and another member who called me brother.

But you had to insert yourself into that conversation as well that's on a completely different thread...
Because it seems your bluebooth is always permanently set to pairing mode.

 

[splishsplash]

What...??? You're hilarious

Saying €4,600 (USD 5k) is poor in Europe completely misrepresents the reality of the EU's economy.

Youre a self-proclaimed financial expert, surely you should have better knowledge than that.

Even in higher income countries like France & Germany, the average gross income/mth is €3.6k and up.
And Southern EU, its even much lower.
Greece can be as low €1k for many people.

As for the Balkans... don't even go there!!!
Thats a different story, lol...
I dare you to tell that to someone in Kosovo or Albania, they'll eat you alive.

For someone whose niche is Finance & Economics (I assume that's your niche), your perspective does not make sense from a real world standpoint.

Ok.

You have your opinion and I have mine.

To me, $5k/mo is poor in Europe.

That's not "big talk". It's the unfortunate reality of the past 5 years.

$5k/mo in 2018 was damn nice in most places in Europe.

Today, you need more like $10k/mo to live like you did on $5k then.

I'm talking directly from experience here. My personal lifestyle money I take from my businesses is $30k/mo, and I feel *way* poorer today than I did in the early 2020's let alone before.

But if you disagree that's fine. I don't need you to agree with me. You have your opinion and I have mine. That's how life works.

@splishsplash you missed to answer this

Applicable to all countries I don't know. Anyone from any country can always solve problems. It's just easier for people in some countries than others.

But business is about solving problems. If someone is unable to solve a problem like that, it's unlikely they're going to be able to do well in business or financially anyway.


The loans though as I said though are if you're able to accumulate over 8 figures, or low to mid 7 at the bare minimum. For < 1 mil, it's sell 2-3% interest yearly.

 

[SettingSun77]

There are some people posting in this topic who are clearly not interested in having a discussion about @splishsplash's views or posts but more interested in getting themselves over. Except this isn't WWE.

If you don't like what's being posted, nobody's forcing you to be in this thread. Please take @Mrnewbie's advice and stop it with the circular argument stuff.

 

[Kurumi]

What do you think if i were 30s but broke in developing country (3rd country), Is it doable? Just curious what to do from your perspective.

 

[don6644]

there is so much wrong with this post i dont know where to begin

 

[Nicks_]

there is so much wrong with this post i dont know where to begin

Wrong about what?

Mention it properly so we can discuss it or maybe OP can give you a proper answer.