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Getbig Main Boards => Gossip & Opinions => Topic started by: anabolichalo on April 13, 2013, 09:32:41 AM

Title: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: anabolichalo on April 13, 2013, 09:32:41 AM
winning lottory?


how?
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: bigmc on April 13, 2013, 09:36:08 AM
i released some music

its called beatz by jay

you should check it out

sold more copies than thriller  8)
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: US MUSL on April 13, 2013, 10:09:56 AM
What's your definition of rich?
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Man of Steel on April 13, 2013, 10:10:49 AM
crack to kids
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: jodsy on April 13, 2013, 10:12:42 AM
i released a gum shield that makes you bigger and stronger
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Schmoff on April 13, 2013, 10:13:10 AM
g4p
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: anabolichalo on April 13, 2013, 10:13:50 AM
What's your definition of rich?
live comfortably and still be able to save substantial amounts of money despite having a housewife and couple of kids
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: goomba420 on April 13, 2013, 10:14:46 AM
I videotape my "Junior" bodybuilding "posing lessons" and "distribute" it among my large userbase of "fans", who may age anywhere from 35 to 70 years old.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: tu_holmes on April 13, 2013, 10:15:34 AM
I'm not rich... I do OK... but I'm not rich.

I'm one of the best at what I do... That's about it.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: che on April 13, 2013, 10:16:43 AM
Towel master.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: monstermunch on April 13, 2013, 10:17:22 AM
If soiled thongs were a commodity...
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: El Diablo Blanco on April 13, 2013, 12:12:50 PM
Initially made a fortune during the dotcom era. Blew it all on coke and hookers. Then in 2001 I put my money in metals and mining companies. Made another mint. More coke and hookers. In 2002 I bought real estate. A lot. Made bank. More coke and hookers. In 2003 I put everything into oil and gold. I quit coke.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: mogulgangi on April 13, 2013, 02:50:12 PM
Initially made a fortune during the dotcom era. Blew it all on coke and hookers. Then in 2001 I put my money in metals and mining companies. Made another mint. More coke and hookers. In 2002 I bought real estate. A lot. Made bank. More coke and hookers. In 2003 I put everything into oil and gold. I quit coke.

Your investment strategy sounds alas more like a republican than a hardcore liberal democrat like yourself..I thought you were all about helping others
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: TigerStripes on April 13, 2013, 03:32:52 PM
First I bought land. Used the land to produce veggies, fruits, eggs, other food products. I ate most of my food for free and sold a lot of it for $. Covered my food bills.

Then I rented out a place on the land to tenants. They paid me rent. Cha ching! That covered my utilities and mortgage payment.

Also I worked jobs that paid a decent amount. Since I owned land and had tenants paying me money. I got to save about 90% of my earnings. So even though my salary was not all that great, I pocketed a lot of money. I pocketed more money than a lot of people I know who work top earnings jobs.

From there I started flipping cars, flipping anything I could to make a buck. I restored a lot of furniture for $. Buy and sell anything if there's some profit to be made.

Also being frugal helped a lot. A penny saved is a penny earned. Get a cheap used car instead of a new one, avoid blowing money on stupid shit.

For me. Buying land is what changed everything. It gave me a place where I could just do whatever I want and it got me out of the trap of paying high rent.

Next I plan on starting a business of some sort. You just gotta think outside the box and be entreprenuerial.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Costanza on April 13, 2013, 03:46:05 PM
live comfortably and still be able to save substantial amounts of money despite having a housewife and couple of kids

Don't have these.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: anabolichalo on April 13, 2013, 03:58:35 PM
Don't have these.
these will make you poor

if you have an average income


but if you are rich you can pull it off

my dad did it

repektp
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Kwon_2 on April 13, 2013, 04:02:44 PM
Made all of it mostly at Hisbicepscam and at Hotel Mirage
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: James28 on April 13, 2013, 04:12:53 PM
During uni years I used to paint railway stations at night. Just to stay out of debt and pay my tuition. Fuck killer student loans. After university I was an analyst developer for a soulless finance institution being paid quite well. Bought a house and spent a few years being broke as I pushed every penny I made into the mortgage. Paid it off within 5 years with a bit of help from inheritance money. Went contracting (resting and working 6 months a year) for two years before getting my current job.

I'll never be rich doing what I do (IT), but very very comfortable is enough.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: arce1988 on April 13, 2013, 04:15:34 PM
  good days are over   not rich    life sucks   
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Coach is Back! on April 13, 2013, 04:50:13 PM
Not rich but comfortable, good business, I lovewhat I do, no debt except two homes, no time away from my son. In other words, no worries.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: anabolichalo on April 13, 2013, 04:51:55 PM
Not rich but comfortable, good business, I lovewhat I do, no debt except two homes, no time away from my son. In other words, no worries.
and you are a personal trainer

wtf


those people are usually worse off than factory workers


unless they used to be famous athletes who have a name
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: James28 on April 13, 2013, 04:52:57 PM
Not rich but comfortable, good business, I lovewhat I do, no debt except two homes, no time away from my son. In other words, no worries.

Coach, if anyone comes into this thread saying that you suck dick under a towel, I'm going to make it my priority to expose them.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: James28 on April 13, 2013, 04:56:10 PM
and you are a personal trainer

wtf


those people are usually worse off than factory workers


unless they used to be famous athletes who have a name

He has a few known MMA fighters under his wing iirc.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: anabolichalo on April 13, 2013, 05:01:41 PM
I made my first million selling BP meds to cswol
bunk
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: TigerStripes on April 13, 2013, 05:04:56 PM
I'm not rich, but the home is paid for, the car is paid for, I am saving $.

No more heavy pressure of poverty. No more soul crushing stress of wage slavery. No more scrambling to pay expensive bills.

To me that is "rich". Living on easy street with freedom.

In the USA, you are not born free, you gotta buy your freedom with $$$
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Irongrip400 on April 13, 2013, 05:09:10 PM
Started a business, made some money, took that and bought the building my business is in and rent the building to myself. Started a sister company for my business that compliments the work I do and was paying someone else to do. Bought a trailer park, and collect rent. I have a condo I rent out and a house that is about 1/3 of what I can afford, and about 1/5 what most Americans that make what my household income is would buy. Moral is, don't overspend, save and invest, and keep something on the side such as renters to keep you liquid. Get a good CPA and a good financial advisor. I'm not rich, but am comfortable at 32, and will be what most consider somewhat wealthy by 40 at my current pace.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Coach is Back! on April 13, 2013, 05:11:43 PM
and you are a personal trainer

wtf8


those people are usually worse off than factory workers


unless they used to be famous athletes who have a name

The difference is I chose to make mine a business instead of just passive income. I do very well
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: anabolichalo on April 13, 2013, 05:13:15 PM
i've been thinking that working a regular job is just being a sucker

unless you have a very high education and get a high paying job of course

some sort of "business" would be better but i cant figure out what or how

 :-\
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Coach is Back! on April 13, 2013, 05:15:29 PM
i've been thinking that working a regular job is just being a sucker

unless you have a very high education and get a high paying job of course
Lo
some sort of "business" would be better but i cant figure out what or how

 :-\

Build a business out of what you do best, whatever that may be
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: anabolichalo on April 13, 2013, 05:20:11 PM
Build a business out of what you do best, whatever that may be
how did you decide to become a PT and how did it take off

i could be a pt probably but i just dont see a market for it where i live  :-\
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: James28 on April 13, 2013, 05:20:27 PM
i've been thinking that working a regular job is just being a sucker

unless you have a very high education and get a high paying job of course

some sort of "business" would be better but i cant figure out what or how

 :-\

If you have the aptitude, get into software development. Get 2-3 years experience under your belt and go contracting and write your own ticket. If you're good you're looking at 10k a month easily.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: TigerStripes on April 13, 2013, 05:21:16 PM
i've been thinking that working a regular job is just being a sucker

unless you have a very high education and get a high paying job of course

some sort of "business" would be better but i cant figure out what or how

 :-\

The key is to make sure you save all your money.

Reduce your bills and expenses as much as possible. It took me years to figure it out.

The main 2 things when getting started are 1. DON'T pay rent. Live with family, live with friends, live in a van by the river, do what you gotta do. And 2. Minimize car payment. Get a cheap car with cheap insurance.

After you get your hands on about 10000 bucks. Then you can move into investing.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: anabolichalo on April 13, 2013, 05:24:25 PM
The key is to make sure you save all your money.

Reduce your bills and expenses as much as possible.
It took me years to figure it out.

The main 2 things when getting started are 1. DON'T pay rent. Live with family, live with friends, live in a van by the river, do what you gotta do. And 2. Minimize car payment. Get a cheap car with cheap insurance.

After you get your hands on about 10000 bucks. Then you can move into investing.
thats why i'm totally fucked since my gf is pregnant

fucking fuck

praying for death but it's already more than 6 months so it's gonna happen
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: FitnessFrenzy on April 13, 2013, 05:25:42 PM
I'm not rich.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: TigerStripes on April 13, 2013, 05:30:53 PM
thats why i'm totally fucked since my gf is pregnant

fucking fuck

praying for death but it's already more than 6 months so it's gonna happen

Well now that's gonna make things difficult for you.

Grow some weed. Build a meth lab. And slang steroids. That's your only hope.

And next time, fuck trannies instead of women. A trannies ass can never get prego.

Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: BIG ACH on April 13, 2013, 05:31:21 PM
I'm  a firm believer in higher education. I was working for a few years after I did my bachelors in Systems engineering and was doing alright for myself, good income, good experience, good benefits. then I went back to school for my masters in Engineering management and then to further expand my research I went into a PhD program in industrial engineering.  I'm not rich by any means, but I do OK, and my father who actually is successful followed the same model, after doing a masters and PhD in mechanical engineering he went and started his own company with 8 employees and expanded it to 400 employees.

I know many like to think that schooling is not important but I'm not of that notion. At the same time I think it was important to get some good work experience before going back to grad school!
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: TigerStripes on April 13, 2013, 05:35:51 PM
I'm  a firm believer in higher education. I was working for a few years after I did my bachelors in Systems engineering and was doing alright for myself, good income, good experience, good benefits. then I went back to school for my masters in Engineering management and then to further expand my research I went into a PhD program in industrial engineering.  I'm not rich by any means, but I do OK, and my father who actually is successful followed the same model, after doing a masters and PhD in mechanical engineering he went and started his own company with 8 employees and expanded it to 400 employees.

I know many like to think that schooling is not important but I'm not of that notion. At the same time I think it was important to get some good work experience before going back to grad school!

I got my degree and it hasn't gotten me jack shit.

There are about 5 majors in colleges that are useful. The rest are garbage.

90% of college course are worthless for making $ in the world, although they are interesting to learn.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: anabolichalo on April 13, 2013, 05:37:18 PM
Well now that's gonna make things difficult for you.

Grow some weed. Build a meth lab. And slang steroids. That's your only hope.

And next time, fuck trannies instead of women. A trannies ass can never get prego.


yeah i'm totally fucked

i might as well kill myself i often think


i'm gonna try to escape this but i bet she will go to court to suck money from my assholes
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: TigerStripes on April 13, 2013, 05:45:32 PM
yeah i'm totally fucked

i might as well kill myself i often think


i'm gonna try to escape this but i bet she will go to court to suck money from my assholes

Just dress the kid in a potatoes bag and feed it ramen noodles all day.

Or when he turns 6 you can have him clean chimneys or works sweatshop.

Or, you can just disappear to Thailand, Ecuador, or Ukraine. THIS is what you should do homeboy.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: anabolichalo on April 13, 2013, 05:46:41 PM
Just dress the kid in a potatoes bag and feed it ramen noodles all day.

Or when he turns 6 you can have him clean chimneys or works sweatshop.

Or, you can just disappear to Thailand, Ecuador, or Ukraine. THIS is what you should do homeboy.

is there a drug that causes women to die during labor that is untracable?
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Henda on April 13, 2013, 05:50:36 PM
Just dress the kid in a potatoes bag and feed it ramen noodles all day.

Or when he turns 6 you can have him clean chimneys or works sweatshop.

Or, you can just disappear to Thailand, Ecuador, or Ukraine. THIS is what you should do homeboy.

good solid money saving advice

also no need for an expensive pram, a shopping trolley with some blankets in will do.

A few stones in an empty soda can for a rattle.
Ect,ect.

Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Coach is Back! on April 13, 2013, 07:26:28 PM
how did you decide to become a PT and how did it take off

i could be a pt probably but i just dont see a market for it where i live  :-\

I've been training people on and off for over 30 years, it was about 15 years ago when I started full time. I didn't work for anyone, was going through hard times with a bad marriage and raised my boy since he 3. Before this my regular full time job was a commercial roof consultant, system designer and inspector, I traveled a lot and helped design the roofing systems for the ford and gm plants throughout the Midwest. When stopped trusting my wife with our son, that's when I made the decision to go full time. I had nothing, I started in a small private gym where I payed rent to, marketed my ass off because I couldn't afford to advertise (I would network). The first month I had 5 clients and grew from there. If was a place other than bodybuilding and training I would never mention my business because its not relevant to this board. Today my business does a VERY healthy six igures in sales with zero debt.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Tedim on April 13, 2013, 08:25:45 PM
winning lottory?


how?

Self employment... Building and selling businesses.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Schnauzer on April 13, 2013, 08:27:54 PM
I make a good living selling towels at Kai Greene guest-posings
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: James28 on April 13, 2013, 08:55:37 PM
What Coach said before. Do what you love, you'll be good at it.

But give IT a go. With automation increasing and the need for IT systems increase, you'll never ever be out of work. The shit kickers that did these menial jobs will be out of work though. Don't be one of them.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Nirvana on April 13, 2013, 10:06:18 PM
take out the biggest loan the bank will give you.

get a phd from a private college in french or maybe art or musical theater.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Coach is Back! on April 13, 2013, 10:30:30 PM
take out the biggest loan the bank will give you.

get a phd from a private college in french or maybe art or musical theater.

"Take out the biggest loan a bank will give you"? Why, so he can be in debt the rest of life?
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Primemuscle on April 13, 2013, 10:34:31 PM
winning lottory?


how?

I would help you out with an answer, but I am not monetarily rich. -Wish I were sometimes. All in all, life after retirement has been good for me and my wife. My advice is to avoid debt whenever possible. I use my credit cards like debit cards, paying off anything I charge on them each month, therefore avoiding paying any interest. People like me with really high credit scores make out like bandits, if they should ever need to borrow money.

One of my cars is now 9 years old, the other is 15 years old. They both run well and are in good condition. I have no need to keep up with the Joneses. We still have many of the "antiques" we bought when we were first married. I only replace appliances when they become too expensive to fix.

My wife and I enjoy life. We eat out often. We travel fairly frequently. Life is good. Having shitloads of money isn't all it's cracked up to be.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: 24KT on April 16, 2013, 05:24:28 PM
Self employment... Building and selling businesses.

 :)
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Tedim on April 16, 2013, 05:39:10 PM
:)

Coin laundries mostly, 60+ units over the last 10 yrs

Waste service company
Business and real estate brokerage
Pawn shop
Furniture store
Advertising sign building co
Rental real estate
Investment co fund of funds
And now used auto dealership

 ;D
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: arce1988 on April 16, 2013, 05:39:46 PM
  Congrats Coach
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Irongrip400 on April 16, 2013, 05:44:26 PM
Coin laundries mostly, 60+ units over the last 10 yrs

Waste service company
Business and real estate brokerage
Pawn shop
Furniture store
Advertising sign building co
Rental real estate
Investment co fund of funds
And now used auto dealership

 ;D


Boom. That's where the money's at if you can stand yourself. Set one up in a poor neighborhood or near a college/university and you're set. My brother has a buddy who has a few and makes good money from what I understand.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Tedim on April 16, 2013, 05:59:42 PM
Boom. That's where the money's at if you can stand yourself.

???

Because I'm exploiting the proletariat?
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: phreak on April 16, 2013, 06:13:01 PM
Not rich yet, but starting to get much better.

Key for me was recognizing what I am truly good at, which is making people work better, harder, and with more enjoyment/fulfillment. I'm finding out now that these are not skills that many managers possess. I've been told I'm like a televangelist. ;D

And marketing yourself. Nobody did shit for me until I started telling them how much I'd be able to do for them. Make sure you can back this up with results -- one big mistake and you will lose your aura. Seen that happen to others, so I'm adventurous but realistic. Don't overreach.


[edit]
No education to speak of, father owned a small garage.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: phreak on April 16, 2013, 06:14:21 PM
???

Because I'm exploiting the proletariat?
Because you'd be taking government money by proxy?  :P
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Tedim on April 16, 2013, 06:19:06 PM
Because you'd be taking government money by proxy?  :P

Actually, getting my money back.... ;D
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: badlad on April 16, 2013, 11:03:45 PM

In my late teens actually earned quite a good wage (largely because at the time there were outstanding penalty rates for working late hours, saturdays, sundays etc which worked out well for me whilst in school). Started investing in the stock market just prior to the '87 crash too so learned some important lessons).
In my twenties mucked about at university (should never have gone) ended up with two degrees and never used either for anything since.
Lived frugally as a student most of the time, started investing again - shares, options, futures (never played the currency market) made some spectacular wins but also some incredible losses. Biggest mistake in that time was that I didn't back myself and when the going got tough I allowed myself to be vulnerable to suggestion from others and lost big time.
Thirties - I started a career - late starter - changed it a few times and now I'm doing what I do not because I enjoy it but because I have a massive mortgage and the other usual bits and pieces of a working stiff.
Now I'm in my early 40's and I'm doing well, not rich, but comfortable, married to a lawyer, I'm a professional (still want to do something else) but realising my biggest mistake in life thus far was two things when it comes to aquiring money - not believing in myself and being risk averse (especially when I was younger)
My advice to anyone who wants to make it bigtime - take big but calculated risks, and when you win don't overcapitalise and listen to that little voice inside you and nothing else. Seek other peoples advice but only when you are in a good place, level and sane not when you are fully invested both financially and emotionally etc. If you are asking advice at that point you are basically screwed - your due diligence and homework should be that good that when you talk to others all you are soliciting is their opinion and that is the perspective you should have - just an opinion, not sound advice.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: badlad on April 16, 2013, 11:11:24 PM
Oh and above all - and as you get older you appreciate this more and more - you only live once, you are just a mere dot in this universe, therefore if you want to make a mark in this world don't worry and stress about the mundane shit - go hard, because you have fuck all to lose because we are, in the scheme of things, nothing anyway; but you have evereything to gain.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Primemuscle on April 16, 2013, 11:38:43 PM
Oh and above all - and as you get older you appreciate this more and more - you only live once, you are just a mere dot in this universe, therefore if you want to make a mark in this world don't worry and stress about the mundane shit - go hard, because you have fuck all to lose because we are, in the scheme of things, nothing anyway; but you have evereything to gain.

Good advice here.

I never wanted for anything material as a kid. My wife is from a very wealthy family too. Making wads of money has never been our focus. This is  probably as a result of our childhood experiences. Just to be clear, we are not trust fund babies. However, I think early experiences taught both of us that money does not equal happiness.

Somehow, we managed to live a very comfortable life as opposed to a money fueled one. These days our "wealth" is in great relationships with each other, our children and our grandchildren. Money cannot buy this.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: FitnessFrenzy on April 17, 2013, 12:55:15 AM
anabolichalo, you need to invest in a high quality white towel, organic grapefruits and a theater mask. When you have bought these items you will know what to do.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Henda on April 17, 2013, 04:47:34 AM
Very intersting posts and input.
I will never be rich i just would like a comfotable retirement and a good inheritance for my kids and have been working on it for the last few years.

My plans are

Have started out with a shitty house and saved a large deposit so have a mortgage for less than half  what the house is worth. Moving to a larger house on monday and a tennant is moving straight in so as long as long as house is occupied it will payfor itself and give a monthly income.

Moving to a larger house i now have a double garage to use as a workshop and will start a sideline of custom garden structures ( summer houses, sheds, gazeebos ect) to compliment my main job as a builder (paving and lanscaping specialist).

When the spare cash is available for a deposit on a flat needing work in a shithole area it will be a good investment. Cheap rental properties in bad areas are always in demand as long as you set the rent low enough as to be affordable to housing benefit claimants. Again you get a small income and your mortgage on the propertyis paid as long as it is occupied.
This is a better investment for those who can renovate the properties themselves saving a small fortune employing contractors.

Weather or not this works out i dont kniw. Will give it  110% and see what hapoens.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: FitnessFrenzy on April 17, 2013, 04:49:49 AM
I'm pretty well off but rather conservative with investing. I have money in some high interest accounts and then I just always manage to save up money each year to beat the inflation.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Purge_WTF on April 17, 2013, 07:06:12 AM
Tithing my income, and then selling a thousand shares of Netflix stock. I bought an '08 Ford Mustang with a personal check two weeks ago. God and life are good.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: dj181 on April 17, 2013, 07:36:38 AM
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: El Diablo Blanco on April 17, 2013, 07:39:26 AM
In 2001 I did put $10000 into a couple mining companies.  Got in at an average of $7 and sold at an average of $60.  I made a little over $100k, taxes raped me, I then invested in oil, one was a sham and lost $21000.  I wrote that shit off $3k at a time for the next 7 years.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: MORTALCOIL on April 17, 2013, 07:48:21 AM
Coin laundries mostly, 60+ units over the last 10 yrs

Waste service company
Business and real estate brokerage
Pawn shop
Furniture store
Advertising sign building co
Rental real estate
Investment co fund of funds
And now used auto dealership

 ;D


You're a member of the Gambino or the Genovese Family?
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Tedim on April 17, 2013, 07:59:33 AM
You're a member of the Gambino or the Genovese Family?

WORSE....I'm Russian!
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: PJim on April 17, 2013, 08:18:25 AM
Grandfather left me a percentage of his fortune.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Agnostic007 on April 17, 2013, 08:23:52 AM
I would help you out with an answer, but I am not monetarily rich. -Wish I were sometimes. All in all, life after retirement has been good for me and my wife. My advice is to avoid debt whenever possible. I use my credit cards like debit cards, paying off anything I charge on them each month, therefore avoiding paying any interest. People like me with really high credit scores make out like bandits, if they should ever need to borrow money.

One of my cars is now 9 years old, the other is 15 years old. They both run well and are in good condition. I have no need to keep up with the Joneses. We still have many of the "antiques" we bought when we were first married. I only replace appliances when they become too expensive to fix.

My wife and I enjoy life. We eat out often. We travel fairly frequently. Life is good. Having shitloads of money isn't all it's cracked up to be.

good post
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: TigerStripes on April 17, 2013, 08:25:03 AM
I notice nobody here got rich with a regular job. All investing and entrepreneurial ventures.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Tedim on April 17, 2013, 08:27:17 AM
I notice nobody here got rich with a regular job. All investing and entrepreneurial ventures.

"rich"....might be a stretch, looks like some are comfortable. Rich for me is passive income in excess of 3 million per yr.
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Agnostic007 on April 17, 2013, 08:29:43 AM
I notice nobody here got rich with a regular job. All investing and entrepreneurial ventures.

I could probably qualify depending on what you consider rich. With my regular job, after 25 yrs I can retire with 9K a month for the rest of my life. Not sure how much you'd have to have in the bank to draw that kind of annuity but it's probably significant. I've got additional funds from a business but the truth is, I will have no bills when I retire other than the monthly utilities and I can be very comfortable in Texas on that retirement alone

I don't consider myself "rich", I know too many "rich" people to even entertain the thought, but I am comfortable and that works for me
Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Raymondo on April 17, 2013, 08:31:40 AM
If you have the aptitude, get into software development. Get 2-3 years experience under your belt and go contracting and write your own ticket. If you're good you're looking at 10k a month easily.

As far as I'm concerned, very few people have the aptitude for that. I've met some of them and have seen the CVs of even more, it takes an improbable combination of extreme technical and very good interpersonal skills.

They get paid awesome amounts working in London, that much is true. But they have to go where the work is, for some commuting is horrible.

Title: Re: how did all you rich getbiggers get rich? very advanced education?family fortune
Post by: Agnostic007 on April 17, 2013, 08:32:08 AM
"rich"....might be a stretch, looks like some are comfortable. Rich for me is passive income in excess of 3 million per yr.

that would certainly meet the threshold of rich in most peoples minds