NikeTalk › NikeTalk Forums › The Lounge › General › For the millenials here, have you given up on getting rich yet?
New Posts  All Forums:Forum Nav:

For the millenials here, have you given up on getting rich yet? - Page 5

post #121 of 139

I buy and resell collectibles. Pokemon :hat, Star Wars, etc. I just started so over time I would want to create a product to manufacture and sell but right now i'm just grinding out every dollar i can

post #122 of 139

Not sure if this is relevant.  I'm just an old man.

 

 

post #123 of 139
Quote:
Originally Posted by millenial View Post

What do you mean by that though like is your business revenue million plus per year or is that the valuation of it. Do you have partners etc.

I don't have any partners and we have done between 1.2 and 1.6 in profit last few years. Large majority of which I reinvest to continue to scale.
post #124 of 139
efff getting yourself rich....

Im trying to bring in the tide that'll raise all boats.
post #125 of 139
Quote:
Originally Posted by TeamJordan79 View Post

efff getting yourself rich....

Im trying to bring in the tide that'll raise all boats.

....by the time you gain the ability to influence the finances of others...

 

you will already have been wealthy for years

Camden Drive
Reply
Camden Drive
Reply
post #126 of 139
Quote:
Originally Posted by GWAP View Post

Quote:
Originally Posted by TeamJordan79 View Post

efff getting yourself rich....


Im trying to bring in the tide that'll raise all boats.
....by the time you gain the ability to influence the finances of others...

you will already have been wealthy for years

guess im wealthy then smokin.gif
post #127 of 139
Quote:
Originally Posted by Rico x Hood View Post

Good. I hope this trend continues. Give up and let us with actual vision flourish. I'm all for less competition if people have given up hope. Makes it way easier for me to get ahead.

Same here hope people continue to give up I'm not gonna stop them.

 

I'm living a great life at a young age, and will continue to strive for retirement from corporate by 40 years old (earlier if feasible).

Goal is stable passive income of 15K-20K per month, don't care what rich or wealthy is by other standards, that is enough for me.

 

 

For people still striving to get rich read this article :

 

If You’re Not Getting Rich in your 20s, You’re Doing it Wrong


Edited by BeezyGotSole - 10/5/15 at 8:34am
post #128 of 139

Well I just finished reading The Millionaire Next Door and according to that most millionaires are in their 50's and are mostly entrepreneurs...then there's the rest like physicians, accountants, etc.

 

More importantly, the book mostly stressed that most millionaires lived frugally and were not always buying the latest and greatest. It actually said most millionaires don't buy luxury vehicles.

 

Frugality is key.

post #129 of 139
Quote:
Originally Posted by Water Runs Dry View Post
 

Well I just finished reading The Millionaire Next Door and according to that most millionaires are in their 50's and are mostly entrepreneurs...then there's the rest like physicians, accountants, etc.

 

More importantly, the book mostly stressed that most millionaires lived frugally and were not always buying the latest and greatest. It actually said most millionaires don't buy luxury vehicles.

 

Frugality is key.

 

His research showed that was still true 20 years later before he died last year.

 

I swore I was reading a reverse biography of my family tree when I was reading that book. Things made so much more sense why certain members were completely helpless and constantly broke.

post #130 of 139
I still need to read that book. Frugality is key , I agree.
post #131 of 139
Thread Starter 

Frugality is boring though.  Flipside of things, is it much of a life to penny pinch until your 60s just so you can say you have a net worth of $2 million? 

post #132 of 139
Quote:
Originally Posted by millenial View Post

Frugality is boring though.  Flipside of things, is it much of a life to penny pinch until your 60s just so you can say you have a net worth of $2 million? 


You obviously don't know the meaning of frugality.

In most people's mind,


Having a budget and saving/investing = penny pinching

Spending your entire check living paycheck to paycheck = balling and living life

:{


Edited by BeezyGotSole - 10/9/15 at 11:51am
post #133 of 139
Quote:
Originally Posted by Water Runs Dry View Post

Well I just finished reading The Millionaire Next Door and according to that most millionaires are in their 50's and are mostly entrepreneurs...then there's the rest like physicians, accountants, etc.

More importantly, the book mostly stressed that most millionaires lived frugally and were not always buying the latest and greatest. It actually said most millionaires don't buy luxury vehicles.

Frugality is key.

I started listening to the audio book but it does no justice. I think I'm gon buy a physical copy to read. Though e-book and all that are coo, I still need to feel the book when I'm reading it.
PSN: StarCityPA

Programming Languages: HTML/CSS, Bootstrap, JavaScript, JQuery
Reply
PSN: StarCityPA

Programming Languages: HTML/CSS, Bootstrap, JavaScript, JQuery
Reply
post #134 of 139
Thread Starter 
Quote:
Originally Posted by BeezyGotSole View Post
 


You obviously don't know the meaning of frugality.

In most people's mind,


Having a budget and saving/investing = penny pinching

Spending your entire check living paycheck to paycheck = balling and living life

:{

 

Penny pinching to me is driving that 10 year old beater car, only eating out at Applebee's or something, not traveling, not going to music festivals etc.  I'm not going to go put myself through all of that just to say I have a net worth of $2 mil or whatever and live a broke life

post #135 of 139

there are so many small things you buy every day that you dont need and dont make your life better

 

learn to cut those out.

pimp.gifTEAM MBENGApimp.gif

 

Thank you for calling NT tech support, can i take your order please? 

 

nerd.gifAbout Menerd.gif 

Reply

pimp.gifTEAM MBENGApimp.gif

 

Thank you for calling NT tech support, can i take your order please? 

 

nerd.gifAbout Menerd.gif 

Reply
post #136 of 139

what defines a rich person anyway?

post #137 of 139

Having a lot of money

No one laughs at God in a hospital
Reply
No one laughs at God in a hospital
Reply
post #138 of 139
Quote:
Originally Posted by millenial View Post
 

 

Penny pinching to me is driving that 10 year old beater car, only eating out at Applebee's or something, not traveling, not going to music festivals etc.  I'm not going to go put myself through all of that just to say I have a net worth of $2 mil or whatever and live a broke life

Like I said that is not what frugality is, you are way off :lol 

post #139 of 139
Quote:
Originally Posted by millenial View Post
 

Frugality is boring though.  Flipside of things, is it much of a life to penny pinch until your 60s just so you can say you have a net worth of $2 million? 

 

No, if done right, frugality forces you to be creative. Do you buy the newest PS4 that will be worth half in 2 years, or spend time with family on a hike exploring the outdoors and learning about the world? Do you buy the new 70" TV with the deluxe cable package or get involved in sports yourself?

 

Having money is fun when you have the opportunity to help others with it. That single mom getting her lights turned off next week because life hit her? Seeing her face when you called the electric company to pay next month's bill is priceless. Getting to help that young couple unable to have kids adopt a child? That's fun. Buying a 10 year old beater for someone unable to afford a car? That's fun.

 

It's all in perspective.

 

A 10 year old car only becomes a beater if you don't know how to take care of your stuff. You only have to eat at Applebees if you didn't plan where your other money was going.

 

 

Quote:
Originally Posted by unkn0wn View Post
 

what defines a rich person anyway?

 

That's the real question, isn't it? Being "rich", has almost nothing to do with money. Money is a tool, when used properly, can give someone options in life.

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: General
NikeTalk › NikeTalk Forums › The Lounge › General › For the millenials here, have you given up on getting rich yet?