So your making money, are you saving any?
 

Watch this video,lets discuss:thumbsup

Who's this dude? Is he a millionaire?

Read his book about 10 years ago . Has a lot of good ideas . Still have a house payment but was able to pay everything else off following his ideas .

At least 75 % a month

The man is 15% correct but in forty years he will be a million percent right.

Income gets split between auto pilot deposit into retirement account and investing in more internet stuff. Have quite a few diversified sites across mainstream/adult along with easily 7 figures in adult/mainstream domain names as back up should I need to come up with some major cash before retirement. Save/Continually Expand plan. :2 cents:

Well that was interesting.

Here are my main thoughts...

I sped up the payback to 1.25 (faster) and he spoke normally but I didn't have to spend as long listening to him. I saved time

i definitely no savings, hahaahha

Man has the point...
but 12% year fund ? WTF

Ya, I'm still looking for that fund:2 cents:

I don't make enough to pay all my bills.

Teach me master.

I need money now not 30 or 40 years later

Good advice.life saving is very important for retirement days.

I managed to save 7.000 Euro in the last year... And it's the first year I ever saved some money. Makes me really proud.

I don't pay people to work on my sites I solely just do it so yes I pay myself with the money made!

I've saved enough to buy my own apostrophes and give you one for FREE.

'

Copy paste it whenever you need it

This and he was talking about lame $100/month for 3 minutes... he kinda lost me there :)

I haven't watched yet, but yes so often these plans are more for people who have 9-5 jobs and are just scraping by.

I was doing twice that and it was easy. I didn't own a car until I retired, either a company car or leased by the company we owned. Otherwise, it was public transport for short journeys or hired a car. I see some of you boast about how many cars you own gathering dust and losing money every day.

Was never one for buying the latest phone, iPod, Tablet, to update for the sake of updating.

We bought a small house because we could pay cash for it, apart from utilities and insurance, it's free. We had a studio in the outskirts of Brno in a light industrial unit nothing flashy, we had conservative cars, etc.

And when the shit hit the fan we could deal with it without worrying about paying bills. Now I have more money in the bank than I did, this time, last year.

For those who had success 10 years ago. How much of it is in a pension scheme, sitting gathering interest? And yes 12% over 40 years is an easy one. After the crashes bottomed, I invested heavily, the 1980s and 1990s crashes.

:1orglaugh:1orglaugh I knew I wouldn't be the first to point that out

and I'll add that I saved enough to buy a vowel "E"

I did some random google searches and have come up these two with high average yearly returns

1. IT Sector: https://www.google.com/finance?q=MUTF:FBSOX

These guys own fucking 16 of VISA, 10% of MasterCard, IBM, PayPal etc...
http://i.imgur.com/9buFRS8.png

Returns:
Year to date - 15%
Last 3 years - 23.71% per year
Last 5 years - 17.90 per year

2. Retail sector: https://www.google.com/finance?q=MUTF%3AFSRPX

And this fund owns 18% of Amazon, 15% of HomeDepot, 5% of NetFlix...
http://i.imgur.com/7UwcDvw.png

Returns:
Year to date - 20%
Last 3 years - 24.57% per year
Last 5 years - 19.94 per year


Now I am a bit green but these numbers look fucking great to me.
Too bad I'm not from US so I can't put any money there...

Hell yeah i do, have more than 30k stored on account in case of emergency. It's less stressing when your own salary can cover all your monthly expenses without digging in your reserves...

Unless you die before you retire or want to live your life when young and can enjoy it. :thumbsup

“And in the end, it’s not the years in your life that count. It’s the life in your years.” ~Abraham Lincoln

True, But the housing crisis was 8 years ago causing a huge dip in the markets. QE and zero interest rates finally started driving people into the markets again in 2010. Who knows what is gonna happen in the next 5 years.

Of course, I am stupid because I thought oil was going to go up this summer. Boy was I wrong, I am still losing money.

Defense stocks. The US warmachine is never full. Perpetual war. ISIS isn't going anywhere. The middle east is getting worse. Trump or not the US wars will continue. China. US must keep dominance. It's money in the bank.

Some that I own are NOC, HII (Got for free when it split from NOC. 2:1), GD, LMT.

Reinvest dividend into stock purchase.

Thank me later.

If you bought last time I mentioned it you already made a tidy profit.

can u share ideas?

what type of book? if ebook can we have it?

Don't forget this economy is dead in the water and it died in 2008. Anyone who is thinking about a pure paper play, is taking some risk. Real estate and stocks will do just fine but as for cash in the bank, with perpetually low interest rates, even after a small hike next week (if it comes along) you're getting nothing but you're carrying a whole lot of banking, sovereign, inflation, geopolitical and counter party risk.

I reckon at least 10% of your assets in precious metals (Gold and Silver) is more important now than it has ever been in history. Gold now around $1080/oz and Silver around $14/oz, they sure won't be lower this time next year.

Another point is this year nothing has done particularly well in 2015. Stocks, commodities both down and real estate is slowing too this year. However, two niche oddity is Bit Coins and Domain Names. The market for domain names has done exceptionally well, acquiring or even flipping Domain Names is a good way into some big dollar gains if you're prepared to buy and hold for 5 yrs plus.

I'm a spiritual billionaire ...

An excellent book on money and saving, as many of you may already have read, is "Rich Dad, Poor Dad" by Robert Kiyosaki. This may be the best selling finance book of all time (globally) and it's very easy to understand. I recommend it for most people who aren't extremely sophisticated financially.

By the way, check out this video "The Hidden Secrets Of Money". This is a series, the first episode of six in total, that has gone viral. Be sure to watch it and if you learn something, see the other episodes and share it with your friends:



I guarantee you will learn a lot that you didn't already know.

An alternative is to buy shares in a high volume etf which tracks those sectors.

$100/month is hardly going to change much on your day to day but will have a huge difference in 40 years. That is the point, a simple plan like this is easy to do and costs almost nothing.

He's right about one thing though: Start young. Learn to put money away every month. Every week is better. If you get into the habit you'll find you'll easily make the choice to save it instead of spend it, even if you want to buy something you really want.

Paragraph #1 suggests that have a low risk profile and likely spend more time reading the news than tracking individual investments.

Paragraph #2 suggests that you're a contrarian and maybe a little bit paranoid.

Paragraph #3 not only runs counter to Paragraph #1 in suggesting that you have a high risk profile.

Paragraph #2 combined with Paragraph #3 suggests that you likely do not have the slightest clue as to what you're talking about.

I read your post because I've always found that people who can afford to live in Dubai are either really intelligent or have a lot of money (or both) and that people from the west who live there tend to be more investment-savvy than people from other places.

I always enjoy hearing what they have to say so was initially a bit perplexed by your post because it suggested neither intelligence nor wealth but I'm pretty sure I've narrowed it down to two possible reasons as to why that may be, so I have just one question...

...are you bangladeshi or filpino?

it's good advice.... but what he is saying is not even close to being true:
a. after inflation that million will be worth closer to $250k in 40 years
b. you aren't going to get 12% average return over 40 years, half that is more realistic
c. what good is being wealthy when you are too old to enjoy it?

so long story short, after doing this your whole life, after accounting for inflation and the fact that you will never get anywhere close to 12% average return... you will end up with probably closer to $100k (in todays $$), barely enough for a downpayment on a house and a decent quality car... :error

Well, I think you might be saying that I'm more a macro rather than a micro guy. That's certainly not true, I do follow the news closely but I also do track individual investments and I do own equities.

Not at all, I can't think of any highly successful investor that doesn't own exposure to PMs and I wouldn't call 10% contrarian or paranoid. I think over a long period building a 10% allocation to physical precious metals and even gold mining stocks is a highly smart move right now - it's an insurance policy against monetary debasement and negative outcomes.

If I look out to 2020, I expect gold and silver to outperform many other asset classes in US dollar terms. The Chinese state is buying up gold at unprecedented levels. Some of the most successful investors have taken big exposure this year including billionaires Ray Dalio, George Soros and Stan Druckenmiller. Gold now sitting at $1070/oz and silver at $14/oz.

I beg to differ. I simply said that Bitcoins and Domain Names have performed well. I would suggest some of you might look into Domain Names. It's a very niche area of investment but it offers a highly favourable risk - reward right now:

https://gfy.com/fucking-around-and-pr...oom-2-0-a.html

I basically am well diversified as all people should be. I'm not going to say I've been the most successful investor over the last year (in 2015) but I've done okay. If I take a longer view, I most certainly have been successful.

I am wealthy class and for sure, I'm in the 1% (entirely self made).

Nope and I think you're guess is based on the fact that Dubai has a high ratio of Bangleshi and Filipino who work there. Of course, there's no way for you to know whether your right on your assessment about my calls, except to revisit this thread in 2020 and then you'll have your answer.

I aim for 60% per month (give or take, always at least 50 tho). 75% is badass :pimp

the thing is though, a wicked life need not be expensive. I share a huge home with my partner and a good friend, private pool and a view out to the most beautiful beach I've ever seen and I pay less for fixed expenses each month than I did 15 years ago renting a studio apt in Crackdale.

spending and pleasure may coincide from time to time, but never mistake one for the other.

my biggest expense these days is helping to care for my very ill MIL who has no savings, no assets and would be completely fucked were it not for me and her two sons. a safety net to provide for oneself is vital; being old and poor doesn't sound like much fun

There's a huge diff between being a miser and protecting oneself, saving cash that would otherwise be spent buying useless ish and spending recklessly, to me in that light your quote still holds true