Any Rich NTers ?

[wawaweewa]

Originally Posted by kix4kix

Originally Posted by wawaweewa

Originally Posted by kix4kix

Originally Posted by LazyJ10

Show me some global stocks that haven't lost 10% or less since 1/1/08.

10% sure, but dudes losing 22 billion, you can't tell me they were investing right, which is my point.

A good portion of their mega billions came about as a result of the US bubble (2002-2007).

They made bubble money and then they lost it. In that time, they prob made more money from that bubble money. So if my rambling makes any sense, all in all they lost a bunch on paper but they're prob relatively the same off as they were pre bubble years.

Makes perfect sense, My rents always claiming how much money they lost knowing damn well you have to be rich to lose as much money as they did.

...Same with the real estate "crash" ...All these properties just went down to their actual worth. Nothing crashed.

It takes millions to lose millions is what my Jewish Gramps always said

There were so many 401k millionaires before the market crash.
They act like it was guaranteed money.

Your gramps knows what's up.

 

[richkarlmarx]

Originally Posted by Danny Tanner

My parents are rich...I don't even go to college...

i just play FIFA at home all day...

best post in this whole thread

 

[pricankid9]

Originally Posted by doyung9

I'll consider myself rich when my parents can retire and I can support them. Material things are smoke and mirrors.

i second this.

and as for the actual debate, it all comes down to living within your means and being able to live honestly, and within a level of comfort suitable to theamount of work one does.
i was taught that rich was being able to pay your own bills, being able to support the people who need you, and doing it in an honest fashion, and maybe havingsome money leftover to play with. none of that drug-dealing, scamming bull !+*@.

between mom, dad and myself we prolly make like 110ish combined and we are in no way rich with 7 ppl in the house. everyone thinks we are rich, but we justwork hard and mom is just really good with finances.

i'm 18 and starting college in the fall if anyone is wondering.

 

[ricardo malta]

Originally Posted by richKarlmarx

Originally Posted by Danny Tanner

My parents are rich...I don't even go to college...

i just play FIFA at home all day...

best post in this whole thread

At least he's honest about his bum tendencies

 

[eneyekayee]

Danny Tanner wrote:
This SN/avy combo has me ABSOLUTELY

every time son comesthrough a thread...

 

[ny denim seller]

Originally Posted by Danny Tanner

My parents are rich...I don't even go to college...

i just play FIFA at home all day...

 

[thousandaire]

I'm getting there...

 

[kingtre]

Ricardo Malta wrote:
BTW, I just sold my condo in Back Bay (Boston) for a cool $1.7

(sorry had to stunt just a weeee bit

)

 

[rick2345]

^^^

 

[richkarlmarx]

Originally Posted by Joseph Camel Jr

Originally Posted by Ricardo Malta


I was about to come in here and stunt like Barnum & Bailey then I thought better of it. That TI/Vick vacation I just came home from told me to humble myself

Lemme put it this way. Some "Rich" people are materialistic and show it off. Some shop at Marshalls and drive a Prius. Some "middle of the road" people are materialistic and live beyond their means. Some dig through bargain bins and just re-upped their bus pass.

At the end of the day, who really cares how someone else spends their money? Your priorities aren't the next man's so who are you to decide if somebody is "frontin' and stuntin"?

BTW, I just sold my condo in Back Bay (Boston) for a cool $1.7

(sorry had to stunt just a weeee bit

)

Originally Posted by richKarlmarx

Originally Posted by Joseph Camel Jr

yeah man i'm ivy right now but undergrad, shooting for m7 .... financial mathematics.....what is that exactly? i'm shooting for the traditional i-banking for 2 yrs then mba route but im curious about that.

Financial mathematics is Chicago's version of financial economics (which was my ugrad major). Its basically the application of mathematically based economic models to the financial and capital markets while still taking into consideration the present economic context. Think math+finance+econ.


The MBA is good for people not going into finance (don't get me wrong, if you have an MBA and you do want to get into finance, theyre not gonna tell you to scram

). But an MBA is a management degree (even w/a concentration in finance). iBanking is all about how much money you can make for your firm and an MBA just trys to fit in as much of everything as they can (jack of all trades, king of none..) A more mathematically based graduate degree will give you the skills you need to actually make ridiculous money for your firm (and take home a massive commission check, more promotional opportunities, etc etc). In terms of getting a job, an MBA is just as likely as a MSc in Mathematical Finance or Financial Economics, but in terms of moving up the ladder and really doing well, I think the MSc is the way to go. I, personally, wouldn't have done it any other way.

yeah this has me thinking about changing my career goals slightly.....it seems like a strong math background is a huge plus now more than ever.

what kind of math did you do undergrad? all i've done is calc 2, but i'm signed up for calc 3 (multivariable etc.) next semester and i'm gonna keep going if need be. did you major/minor in math?

Naw, I didnt major/minor in it. My ugrad was a BSc in Financial Economics which was REALLY math intensive- by 3rd year I was taking graduateeconomics classes. I did all the basic calc, linear algebra, multivariable calc, advanced stats, econometrics 1, 2, applied econometrics, mathematical methodsfor economic models, and quantitative methods for economic theory. It was a lot of calc and a lot of regression analysis, but its a lot more interesting at thehigher level especially once you get into the applied stuff.

In my opinion, Mathematics is the single most marketable degree there is. No questions asked. Almost any industry from Finance to Engineering to Physics toCryptology & Comp security, maufacturing, name it. Math WILL get you a job. Everything else you can be trained/learn on the job (for the most part). I wishI could have done a pure math major, but I just wasnt interested in the proof side to it.

 

[finnns2003]

Originally Posted by apassionforshoes23

Not rich, but I would say upper middle class. At my peak I probably had around 4000-5000 invested in shoes.

good to know that number has probably gone down. that money is better invested elsewhere (unless they are ultra rare pairs).

 

[jpthe3]

im 13 make 72 bill a year split 15 percent with family 35 charity 50 to me im living a good life the good thing is i have friends my age

not fake friendsjust using me though i was with them before i became rich like something in a movie

 

[frankreynolds420]

I myself am not rich. But my parents are, We have two houses, if we sold them we'd have a million easy. They won't even buy me a car.

 

[babyteez]

my parents are rich. so are my grandparents.. i use to be ..spending too much money on clothes and shoes

 

[pr0phecy718]

Originally Posted by Ricardo Malta

richKarlmarx wrote:

---

Originally Posted by Danny Tanner

My parents are rich...I don't even go to college...

i just play FIFA at home all day...

best post in this whole thread

At least he's honest about his bum tendencies

2 days later and this reply is very funny now

 

[ninjasonik]

I brought down Milberg Weiss so go figure

 

[awwsome]

Originally Posted by JPTHE3

im 13 make 72 bill a year split 15 percent with family 35 charity 50 to me im living a good life the good thing is i have friends my age

not fake friends just using me though i was with them before i became rich like something in a movie

 

[njcollector]

^ lol

 

[fade on you]

Originally Posted by awwsome

Originally Posted by JPTHE3

im 13 make 72 bill a year split 15 percent with family 35 charity 50 to me im living a good life the good thing is i have friends my age

not fake friends just using me though i was with them before i became rich like something in a movie

Execution 10.0

 

[kidposite]

Originally Posted by babyteez

my parents are rich. so are my grandparents.. i use to be ..spending too much money on clothes and shoes

then you weren't rich

Originally Posted by FrankReynolds420

I myself am not rich. But my parents are, We have two houses, if we sold them we'd have a million easy. They won't even buy me a car.

i guess people have different definitions of rich because i wouldnt consider a net worth of 1 mill rich

 

[dyzzle]

Originally Posted by kidposite

Originally Posted by babyteez

my parents are rich. so are my grandparents.. i use to be ..spending too much money on clothes and shoes

then you weren't rich

Originally Posted by FrankReynolds420

I myself am not rich. But my parents are, We have two houses, if we sold them we'd have a million easy. They won't even buy me a car.

i guess people have different definitions of rich because i wouldnt consider a net worth of 1 mill rich

word

that's middle class at best. not bad tho

 

[danikerhino]

Originally Posted by davidisgodly

I'm a quadrillionaire

I'm a Quintillionare.

 

[lifelessons]

some of yall getting rich and wealthy mixed up....

 

[baby juice]

I love how my family spends money.

We OWN everything we have.

 

[spsfinest212]

Lol problably a lot of BS going on in here but for those telling the truth

for those lyin