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Who here is wealthy?
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Im guessing there is only 1 or 2 here. Cele3 if he ever posts did well for himself.
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Yes, could ditch the 9to5 but still enjoy being in the game. General advice is to spend less money than you make, buy a rental property every year or two and get someone else (renter) to pay for your appreciating asset. Kind of a drag uncloging toilets and dealing with general tenant issues but in the long run you can build some $$.
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It depends on how you define being wealthy. I have paid for properties that generate income but I'd go stark raving mad without my day job.
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Originally posted by whitetrash View Postsame here. ill work till the day i die. not because i have to but because i cant stand the thought of being with the old lady all day everyday
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Originally posted by YALE View PostI am pretty sure I'll always be working on getting a little further ahead than I am. Even if I had enough to just live off passive income, I'd still want to work a steady hustle. Not necessarily a square job, but I wouldn't rule out having one even if I didn't have to. I just love working.
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Hey, if my guys get past this week with me on vacation I might not go back. Riu Palace in Mexico is pretty nice.
Sent from my SAMSUNG-SM-N900A using Tapatalk
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micheal jordan is rich the guy that wrote his paychecks is wealthy!
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I am pretty sure I'll always be working on getting a little further ahead than I am. Even if I had enough to just live off passive income, I'd still want to work a steady hustle. Not necessarily a square job, but I wouldn't rule out having one even if I didn't have to. I just love working.
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Originally posted by Mach1 View PostI'm referring to those who have limited liabilities and an abundance of profit generating assets.
Who makes enough on investments(assets) to live without a 9-5.
I would like to hear the stories for those who have escaped out of the rat race, what did you invest in, stocks, businesses, real estate, etc. Care to share your story? I, like the high majority of Americans, have been putting too much money in the liability column and I would like to shift it to the asset column.
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Those who exit the rat race, by going from a little to a lot, have either won the lotto or started a successful business that runs well on its own.
Also, true wealth is subjective. Being debt free, a happy home life and having a little change in your pocket for an ice cream cone is wealthy to many people.
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Originally posted by Sleeper View PostIts to the point where a stay at home parent will be back imho. Unless there is a way to write it off.
I dont have kids so i dont know wtf you guys go through. I just see dollar signs flying.
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Originally posted by Sleeper View PostIts to the point where a stay at home parent will be back imho. Unless there is a way to write it off.
I dont have kids so i dont know wtf you guys go through. I just see dollar signs flying.
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Originally posted by BradM View PostI'm pretty sure lincolnboy is.
I think you beat me by .75 mill.
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