The link is dead and I couldn't find a mention in the thread - could someone tell me who the author/orator in the OP is?
Dankss
Topic: Science of Getting Rich - page 2. (Read 6315 times)
~ 1:20
"purpose of nature is the advancement and unfolding of life"
no
"purpose of nature is the advancement and unfolding of life"
no
Since when is nature not about surviving and reproducing?
people can say nature has this or that purpose but by itself it has none (that we know of). and btw: a tree does not want to survive. It simply does - or not. Evolution is mostly a passive process.
Robert Kiyosaki always struck me as the worst kind of false-hope peddler. He got rich by riding a boom in housing that isn't going to be repeated any time soon and then tells everyone else that they could do the same when they obviously can't. He also wants to become a billionaire in his lifetime. Really? Is there nothing he actually wants to do with all the money except accumulate more?
In case that sounds like sour grapes, there are other get-rich-quick books I have enjoyed (like The 4 hour Work Week), but Rich Dad Poor Dad really didn't impress me.
In case that sounds like sour grapes, there are other get-rich-quick books I have enjoyed (like The 4 hour Work Week), but Rich Dad Poor Dad really didn't impress me.
~ 1:20
"purpose of nature is the advancement and unfolding of life"
no
"purpose of nature is the advancement and unfolding of life"
no
Since when is nature not about surviving and reproducing?
people can say nature has this or that purpose but by itself it has none (that we know of). and btw: a tree does not want to survive. It simply does - or not. Evolution is mostly a passive process.
~ 1:20
"purpose of nature is the advancement and unfolding of life"
no
"purpose of nature is the advancement and unfolding of life"
no
Since when is nature not about surviving and reproducing?
people can say nature has this or that purpose but by itself it has none (that we know of). and btw: a tree does not want to survive. It simply does - or not. Evolution is mostly a passive process.
I dont know if everything is true but its probably the fame of mind you have to be in if you want to get rich lol
Get Rich or Die Mining
http://youtu.be/ub0Th1ewlws?t=58m
Bullshit.
My ears are bleeding. Yes, thank you God, you are so great.
This has been written in the early 1900s and published in 1910. Just a reminder.
Bullshit.
My ears are bleeding. Yes, thank you God, you are so great.
This has been written in the early 1900s and published in 1910. Just a reminder.
~ 1:20
"purpose of nature is the advancement and unfolding of life"
no
"to be content with less is sinful"
Calvinism? I'm out.
"purpose of nature is the advancement and unfolding of life"
no
"to be content with less is sinful"
Calvinism? I'm out.
Yes, and yes. Five minutes into it I couldn't stand the pathetic shallowness any more.
Want to get rich, invest in the market of purest graphite mine, those pure graphite mine will be so in demand soon, because the purest graphite is needed to make affordable GRAPHENE !
wath this : http://www.youtube.com/watch?v=SXmVnHgwOZs&feature=colike
wath this : http://www.youtube.com/watch?v=SXmVnHgwOZs&feature=colike
- Real estate is cheap because of the housing crash. (remember that saying, buy low, sell high? Well now is the "buy low" period!)
Not by a long shot. House prices are still far too high."Low" for house prices means below the non-bubble prices, which for many decades meant the average house price in an area was no more than three times the average income in the area, with buyers expected to put 20% down and acceptable backend ratios.
Also, don't forget that land is a finite resource. Land didn't used to be nearly as valuable as it is now, but cities are tightening up on the amount of land they allow to be used for residential and commercial usage. I wouldn't expect us to ever dip back down to the 3x average income rate again, just because build-able land is becoming more and more scarce, and will only continue to do so absent some worldwide plague or nuclear war that reduces the world population significantly.
http://www.crackshackormansion.com/
The average price of a house is around $1,000,000 in Vancouver and the average salary is around $45K, I think the problem is lack of innovation; one solution would be to sleep about 7 people per room.
Now I don't feel privileged any more
. Yes the demand to rent is high and the property is finite so the average Vancouverite spends over 50% of their income on rent. In Vancouver anyway, there is no free market on land anymore, it is now an oligopoly (more practically a monopoly). This is the antithesis of free, looks a little like voluntary slavery.
As for investments I will go with 30% rated dividend paying stocks including banking stocks.
The rest is invested in me as a struggling entrepreneur.
My savings are the Bitcoin my rigs produce; (while I see cryptocurrency just like Bitcoin as the solution) I can't intellectually invest more in Bitcoin because of the problems I see in its distribution, this is the ultimate adoption problem. ( it is all good and well me mining a bunch and will only sell when I make good return, but this action is the action that will prevent people from parting with their Bitcoin hence adoption will be slow.)
Regardless, is there anyplace in Canada that does not have such insane housing prices that you would feel comfortable investing in? Or would it be possible for you to invest in real estate in the US? I am uncertain regarding any regulations surrounding that.
I suppose my only other suggestion is putting some investment into the precious metals as a hedge, though I expect those won't do so well when economies begin the turn around.
- Real estate is cheap because of the housing crash. (remember that saying, buy low, sell high? Well now is the "buy low" period!)
Not by a long shot. House prices are still far too high."Low" for house prices means below the non-bubble prices, which for many decades meant the average house price in an area was no more than three times the average income in the area, with buyers expected to put 20% down and acceptable backend ratios.
Also, don't forget that land is a finite resource. Land didn't used to be nearly as valuable as it is now, but cities are tightening up on the amount of land they allow to be used for residential and commercial usage. I wouldn't expect us to ever dip back down to the 3x average income rate again, just because build-able land is becoming more and more scarce, and will only continue to do so absent some worldwide plague or nuclear war that reduces the world population significantly.
http://www.crackshackormansion.com/
The average price of a house is around $1,000,000 in Vancouver and the average salary is around $45K, I think the problem is lack of innovation; one solution would be to sleep about 7 people per room.
Now I don't feel privileged any more
. Yes the demand to rent is high and the property is finite so the average Vancouverite spends over 50% of their income on rent. In Vancouver anyway, there is no free market on land anymore, it is now an oligopoly (more practically a monopoly). This is the antithesis of free, looks a little like voluntary slavery.
As for investments I will go with 30% rated dividend paying stocks including banking stocks.
The rest is invested in me as a struggling entrepreneur.
My savings are the Bitcoin my rigs produce; (while I see cryptocurrency just like Bitcoin as the solution) I can't intellectually invest more in Bitcoin because of the problems I see in its distribution, this is the ultimate adoption problem. ( it is all good and well me mining a bunch and will only sell when I make good return, but this action is the action that will prevent people from parting with their Bitcoin hence adoption will be slow.)
~ 1:20
"purpose of nature is the advancement and unfolding of life"
no
"purpose of nature is the advancement and unfolding of life"
no
Since when is nature not about surviving and reproducing?
WARNING!!!
OP link JESUS ALERT!
OP link JESUS ALERT!
- Real estate is cheap because of the housing crash. (remember that saying, buy low, sell high? Well now is the "buy low" period!)
Not by a long shot. House prices are still far too high."Low" for house prices means below the non-bubble prices, which for many decades meant the average house price in an area was no more than three times the average income in the area, with buyers expected to put 20% down and acceptable backend ratios.
+1.
- Real estate is cheap because of the housing crash. (remember that saying, buy low, sell high? Well now is the "buy low" period!)
Not by a long shot. House prices are still far too high."Low" for house prices means below the non-bubble prices, which for many decades meant the average house price in an area was no more than three times the average income in the area, with buyers expected to put 20% down and acceptable backend ratios.
Also, don't forget that land is a finite resource. Land didn't used to be nearly as valuable as it is now, but cities are tightening up on the amount of land they allow to be used for residential and commercial usage. I wouldn't expect us to ever dip back down to the 3x average income rate again, just because build-able land is becoming more and more scarce, and will only continue to do so absent some worldwide plague or nuclear war that reduces the world population significantly.
- Real estate is cheap because of the housing crash. (remember that saying, buy low, sell high? Well now is the "buy low" period!)
Not by a long shot. House prices are still far too high."Low" for house prices means below the non-bubble prices, which for many decades meant the average house price in an area was no more than three times the average income in the area, with buyers expected to put 20% down and acceptable backend ratios.
~ 1:20
"purpose of nature is the advancement and unfolding of life"
no
"to be content with less is sinful"
Calvinism? I'm out.
"purpose of nature is the advancement and unfolding of life"
no
"to be content with less is sinful"
Calvinism? I'm out.
http://youtu.be/ub0Th1ewlws?t=58m
Bullshit.
My ears are bleeding. Yes, thank you God, you are so great.
This has been written in the early 1900s and published in 1910. Just a reminder.
Bullshit.
My ears are bleeding. Yes, thank you God, you are so great.
This has been written in the early 1900s and published in 1910. Just a reminder.
When I got to the god part I immediately turned it off.
Invest in income-generating assets. Real estate, stocks, venture capital (if you have enough to "play with"), bitcoin mining machines, etc. Put it into a variety of things.
Also, if you haven't read the book Rich Dad, Poor Dad, I highly recommend it.
yip read the book just a little while ago, I think the message is bang on, but I have missed the big money maker "property boom" or as I see it I am on the wrong side of the malinvestment.Also, if you haven't read the book Rich Dad, Poor Dad, I highly recommend it.
My primary investments have all been income generating assets, they have contributed to the progress of civilisation and my dwindling wealth (however they are relative commodities as the industries are highly competitive) the price deflation this competition causes is nicely matched by the inflation in the money supply) The up side is I now don't produce anything and I outsource to China and am earning more than I did as a producer, (the economy is getting stronger by the day
)Real estate is spending money I don't have,
Stocks all went belly up after 911 or 2008 (if my investments can go broke why can't the banks or some EU states),
Venture capital I haven't played with Kick-starter but it has been a 50/50 endeavour, I end up investing more than just money (maybe I have issues).
My dilemma is investing because inflation requires it, is a form of what economic theorists call malinvestment, there are some good stocks out there and I have been a little timid after making some bad calls, but I should go at it again.
My Bitcoin mining rigs are the only shining light in all this investment centric, can't save world, they keep my family warm and my office too. They bring in about 0.4% return per day, and have paid for themselves many times over. (as Mining investing goes, I am at the edge of my comfort level, can't justify more investment without some sure sign)
I have been hesitant to save in Bitcoin because the Keynesian myth "the paradox of thrift" is actualy alive and well in the Bitcoin economy.
Ok so I have invested what should you do next?
- Renting demand is high.
- Real estate is cheap because of the housing crash. (remember that saying, buy low, sell high? Well now is the "buy low" period!)
- If you think we're about to enter into an era of high inflation (which I do), then think about what that'll do to real estate prices.
- Real estate is a finite resource - it will always be in increasing demand as long as world population is growing.
And then I think stocks are a good investment as well, for similar reasons to those mentioned above. My stocks (or rather, 401k mutual funds) have been doing fine through the recession (either stagnant or growing). All your stocks lost 100% of their value?
I agree that inflation encourages over-investment (and bad investments), because an investment that loses 2% a year is still better than losing 3% a year to inflation. But that's all the more reason to invest in something instead of nothing if you have extra money laying around to invest with.
If I had an extra million to invest right now, here's what I'd do:
- Invest half in real estate rental property.
- Invest 1/3 in dividend-paying stocks.
- Keep 1/6 around in very liquid investments (perhaps Bitcoin) to have ready for other investment opportunities that arise.
Also, if you haven't read the book Rich Dad, Poor Dad, I highly recommend it.
In order to become rich, you must first learn to spend less than you earn! Getting rich does NOT happen by earning a lot of money.
#richdadpoordad
#richdadpoordad
That guy just filed for bankruptcy :/
http://www.nypost.com/p/pagesix/rich_dad_bankrupt_dad_UNJgqVDYCEthW1TEAYYwXN
That said, I lost some respect for the guy after reading that article. He had an agreement to pay a percentage of his earnings to said company, and reneged on it.
In order to become rich, you must first learn to spend less than you earn! Getting rich does NOT happen by earning a lot of money.
#richdadpoordad
#richdadpoordad
I thought this was obvious but apparently not.
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