Financial Empowerment/Motivation Thread Vol. Let's Get It

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Joined Sep 27, 2010
I refuse to believe that it is as hard as society makes it seem to become rich or wealthy. I believe its the simple of task of LEARNING and truly UNDERSTANDING money, how it is made, uses, etc. We should all know a thing or two about money making and management, so if you do please share.Whether you have $1 or $1 billion, No such  thing as a bad idea or thought, you don't have to agree with everything to take something from it. What tools do you use to take control of your finances?

I read a book called "The Richest Man in Babylon" and I highly recommend it for anyone to read to get a better understanding on money and its management. It even helps you with ways on managing and getting out of debt. Ideas i took from the book were and a few of my own are:

-Establish a base (money that you DO NOT touch)
-Saving at least 10% of every piece of money i make.
- Don't trust everybody with your money, even "experts"
-NEVER go broke! NEVER spend your last!
-DO NOT let your woman know how much money you have (whole different ballgame)
-When bored, instead of going out and doing something and spending, count YOUR money. (Its been many times I went to the bank/atm and took out $1000 in 20s, went home and just counted it
, you wouldn't believe how "un-bored" i became.)
-Motivate yourself!   www.mycomeup.com is a great site that offers motivational videos and quotes by the PEOPLE WHO HAVE THE MONEY!
-Ask Questions (You don't know how much some people will be willing to share with you if you ask them)

I don't know about yall but im sick of seeing dudes on MTV cribs with gas stations at their houses as well as movie theatres and elevators, Birdman posting a new video of him stunting every week...I want in and I know im not the only one...Lets get it, nothing to it but to do it.
 
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Joined Nov 9, 2007
Theres a difference between something working conceptually and practically.  
 
5,143
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Joined Sep 2, 2010
Well, knowledge of money and how it works is definitely a start. Two days ago my friend told me he started reading the book you mentioned and I told him I'll pick it up sometime this coming week. I believe a lot of people give up on the idea about becoming rich and I even see a lot of negative stuff written on NT such as "Most of us will never see that kind of money".. "A lot of us will never see a million liquid" etc.. I mean, speak for yourself. So far so good OP. I'm not going to be the one to tell you you can't hit 7 or 8 figures, %+@$.. if that's what you want, go after it. Many people will just say they want kind of money though, but simply won't do what's necessary to obtain it. 
 
5,491
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Joined Jul 24, 2007
lol


What would you define as rich?
Top 10%? Top 1%? Top .01%?
If you want a low to mid 6 fig salary then the formula is pretty clear.

You want multi millions or more per year? Then it involves work, timing, and luck. 
 
5,798
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Joined Jun 4, 2010
The key to becoming rich? *scratches chin*
Spoiler [+]
1.Find Rich women
2.WIO
3.swag away gracefully 
 
16,797
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Joined May 22, 2010
easy question. exploiting others and profiting off of other people's labor. next question.
 
5,491
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Joined Jul 24, 2007
Originally Posted by Patrick Bateman

Well, knowledge of money and how it works is definitely a start. Two days ago my friend told me he started reading the book you mentioned and I told him I'll pick it up sometime this coming week. I believe a lot of people give up on the idea about becoming rich and I even see a lot of negative stuff written on NT such as "Most of us will never see that kind of money".. "A lot of us will never see a million liquid" etc.. I mean, speak for yourself. So far so good OP. I'm not going to be the one to tell you you can't hit 7 or 8 figures, %+@$.. if that's what you want, go after it. Many people will just say they want kind of money though, but simply won't do what's necessary to obtain it. 
Odds are you won't see it. It's just a fact. 99% aren't in the top 1%. That's just the way it is. 
That doesn't mean you can't make it. It just means, it involves more than simply "hard work". Surely, more than 1% of the population works hard. 
 
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Joined Sep 27, 2010
Originally Posted by AEA18
Those are a few ways definitely, but there are a million ways to get money. Please dont think otherwise...$!+% the fame yall can keep that, I only want the money.

  
 
823
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Joined Sep 27, 2010
Originally Posted by wawaweewa

Originally Posted by Patrick Bateman

Well, knowledge of money and how it works is definitely a start. Two days ago my friend told me he started reading the book you mentioned and I told him I'll pick it up sometime this coming week. I believe a lot of people give up on the idea about becoming rich and I even see a lot of negative stuff written on NT such as "Most of us will never see that kind of money".. "A lot of us will never see a million liquid" etc.. I mean, speak for yourself. So far so good OP. I'm not going to be the one to tell you you can't hit 7 or 8 figures, %+@$.. if that's what you want, go after it. Many people will just say they want kind of money though, but simply won't do what's necessary to obtain it. 
Odds are you won't see it. It's just a fact. 99% aren't in the top 1%. That's just the way it is. 
That doesn't mean you can't make it. It just means, it involves more than simply "hard work". Surely, more than 1% of the population works hard. 
Get that book son, you won't be disappointed.

And you're damn right, it take alot more than hard work. I don't believe luck has much to do with it unless you're playing the lottery. It takes hard work, knowledge, and most importantly DISCIPLINE, which not many people have.



  
 
5,143
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Joined Sep 2, 2010
Originally Posted by wawaweewa

Originally Posted by Patrick Bateman

Well, knowledge of money and how it works is definitely a start. Two days ago my friend told me he started reading the book you mentioned and I told him I'll pick it up sometime this coming week. I believe a lot of people give up on the idea about becoming rich and I even see a lot of negative stuff written on NT such as "Most of us will never see that kind of money".. "A lot of us will never see a million liquid" etc.. I mean, speak for yourself. So far so good OP. I'm not going to be the one to tell you you can't hit 7 or 8 figures, %+@$.. if that's what you want, go after it. Many people will just say they want kind of money though, but simply won't do what's necessary to obtain it. 
Odds are you won't see it. It's just a fact. 99% aren't in the top 1%. That's just the way it is. 
That doesn't mean you can't make it. It just means, it involves more than simply "hard work". Surely, more than 1% of the population works hard. 
I wholeheartedly agree with this. Personally, I can never look myself in the mirror and say "I'll never make it, that's just the way it is".. That's not the mindset I have.
 

Sir San Diego

formerly brolic scholar
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Joined Feb 20, 2011
--Do what everyone else says you can't do with a chip on your shoulder.
--Spend other people's money. No credit.
--Accept handouts, grants, assistance and other free %$@! . Why the hell not?
--Play dumb, make smart moves.
--Be the silent king while recognizing your pawns.
--Delegate responsibilities.
--Stay focused on YOUR goals.
--Play focused on THEIR goals.
--Shower them with praise, shower yourself with pay. (see Dwight Schrute getting a plaque in lieu of a raise.)
 
7,001
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Joined Aug 24, 2009
Originally Posted by Patrick Bateman

Well, knowledge of money and how it works is definitely a start. Two days ago my friend told me he started reading the book you mentioned and I told him I'll pick it up sometime this coming week. I believe a lot of people give up on the idea about becoming rich and I even see a lot of negative stuff written on NT such as "Most of us will never see that kind of money".. "A lot of us will never see a million liquid" etc.. I mean, speak for yourself. So far so good OP. I'm not going to be the one to tell you you can't hit 7 or 8 figures, %+@$.. if that's what you want, go after it. Many people will just say they want kind of money though, but simply won't do what's necessary to obtain it. 
Agreed. I don't care how many other people won't make it in life, I know full well I'm going to make it.

It's not about working hard though, although that is a key ingredient you have to have some kind of a plan. Just working hard and putting away money into the bank... even if you have a job that pays you $100,000, it'll take you at least 20 years to accumulate 1 million dollars, and that's if you don't spend any of it.

My main idea is that if you want to be different, you have to do something different. Don't get a normal job and think that you're going to become rich just because it pays well. Yes, you'll be rich, but you won't have that kind of money, which if you know what I mean, you'll understand. You need to take a chance on something and make smart decisions. No risk, no reward. Becoming stupid rich is never the safe path... and most people are afraid to take risks, so they stay "average".
 
5,491
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Joined Jul 24, 2007
Originally Posted by Cuffy

Originally Posted by wawaweewa

Originally Posted by Patrick Bateman

Well, knowledge of money and how it works is definitely a start. Two days ago my friend told me he started reading the book you mentioned and I told him I'll pick it up sometime this coming week. I believe a lot of people give up on the idea about becoming rich and I even see a lot of negative stuff written on NT such as "Most of us will never see that kind of money".. "A lot of us will never see a million liquid" etc.. I mean, speak for yourself. So far so good OP. I'm not going to be the one to tell you you can't hit 7 or 8 figures, %+@$.. if that's what you want, go after it. Many people will just say they want kind of money though, but simply won't do what's necessary to obtain it. 
Odds are you won't see it. It's just a fact. 99% aren't in the top 1%. That's just the way it is. 
That doesn't mean you can't make it. It just means, it involves more than simply "hard work". Surely, more than 1% of the population works hard. 
Get that book son, you won't be disappointed.

And you're damn right, it take alot more than hard work. I don't believe luck has much to do with it unless you're playing the lottery. It takes hard work, knowledge, and most importantly DISCIPLINE, which not many people have.



  
You need positive variance (aka luck) though. No matter how small. 
Variance plays a major role in life. 
 
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Joined Oct 7, 2009
I know a guy worked and saved up 50,000; than opened a sandwich spot and now he's clocking $100,000 a year. Took him about 5 years but he's livid comfortable with a nice crib and BMW. Takes trips every 4 months. He worked his butt from 20 years old to 25 and now he's good. You gotta sacrifice and preserver.
 
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Joined Dec 21, 2009
Originally Posted by wHo NicE as HiM

Originally Posted by wawaweewa


 it involves more than simply "hard work"
THIS
feels bad for those people who are quick to rub in your face that  they're in college... they believe a stable future awaits. 


as 2011....85% of college graduates are unemployed, who am i to kill their dream tho?
it doesn't matter because the fact still remains the same people with a college degrees will make way more than people without one 
yes .... of course you need more than a degree to become successful but its way easier to become successful with a degree then without one 
 
2,735
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Joined Jun 12, 2006
Originally Posted by Brolic Scholar

--Do what everyone else says you can't do with a chip on your shoulder.
--Spend other people's money. No credit.
--Accept handouts, grants, assistance and other free %$@! . Why the hell not?
--Play dumb, make smart moves.
--Be the silent king while recognizing your pawns.
--Delegate responsibilities.
--Stay focused on YOUR goals.
--Play focused on THEIR goals.
--Shower them with praise, shower yourself with pay. (see Dwight Schrute getting a plaque in lieu of a raise.)
48 laws of power in a nutshell
 
2,149
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Joined Dec 13, 2008
Originally Posted by wawaweewa

What would you define as rich?
Top 10%? Top 1%? Top .01%?
If you want a low to mid 6 fig salary then the formula is pretty clear.

You want multi millions or more per year? Then it involves work, timing, and luck. 
?
 
3,246
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Joined Dec 21, 2009
Originally Posted by wHo NicE as HiM

Originally Posted by Nikekidwonder

Originally Posted by wHo NicE as HiM


THIS
feels bad for those people who are quick to rub in your face that  they're in college... they believe a stable future awaits. 


as 2011....85% of college graduates are unemployed, who am i to kill their dream tho?
it doesn't matter because the fact still remains the same people with a college degrees will make way more than people without one 



yes .... of course you need more than a degree to become successful but its way easier to become successful with a degree then without one 


<---college educated 

but still 
 @ the institutional thinking
What institutional thinking ? explain 
 
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