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all i did was come in here cause dude was talkin bout cheap cars. i got proved wrong on something i thought i was always on the up and up about. i took the L on that. if anything this thread has helped me out cause instead of my next car purchace being a 07 S550, im shootin for a 03 360 spyder.Originally Posted by jordan23collecta
Originally Posted by kicksfiend
Originally Posted by jordan23collecta
You, Myself, and Kicks are all in the same boat. Im 21 years old myself, in college, graduating next year all debt free because of the way I invest. I just came into some money recently and am in the middle of debating what kind of car to get. I have been driving the same car since I was 16, and its now 12 years old. I was looking at getting an 07-08 BMW 750Li but at the end of the day I dont think I will get one. Im the type of guy that will let the next man push the Rarri or Bentley, but overall I have more MONEY than them and could probably retire 15 years before they do.
Low-Key balling is the name of my game. I am the guy that has the money to spend, but until I make enough money to where I dont HAVE to work for a paycheck, I WANT to work for the sake of keeping busy, I just dont see myself buying a car of that magnitude or foolishly spending on things that lose value instead of gain value.
edit** Not to throw out numbers..but Kicks has the right idea. He has turned 5k into 100k since Sept. 08. I have recently started trading in the market, and since April of 2009, I have turned $2300 into just under $25k (and its looking to skyrocket on some picks I am waiting on now)..I dont look to take that money out until I look to buy a house/condo/townhome in the near future. I hope to be a hundred thousandaire by this time next year and a millionaire by 25 (liquid). not bad considering I started less than a year ago
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This man has the right idea. We're talking about BUILDING WEALTH. Not SHOWING OFF. The way I see it, Lulu from Paid in Full had the right idea. Stack your money and put it into things that will make you more money in the future. If you do it right, there WILL be time where you can cop that new Ferrari and put miles on it without a care. However, you gotta wait for that time or it'll never will come. If you make 300k a year, but every year you spend 250k, in 10 years you'll only have 500k saved up. That's not building wealth. I rather make 300k a year, spend no more than 100 and in 10 years have 2 mil saved up. THAT's building wealth
First of all nobody is d-riding anybody. Most of the people in here who are talking about investments DO invest. We're not d-riding, we're just talking about using a common interest to achieve a common goal. Check the Stock Market thread if you don't believe me, the user names are the same.
Second, 5k into 100 or 750 into 300k. This isn't a competition. Money is money. What you got in your bank don't affect me. If you turned 750 into 300k then congrats, just keep making it. I wasn't trying to show off, I was just introducing situation and then giving my views. Turning 750 into 300k is great but I rather have what I did any day of the week. When I'm applying for a prop trading position and they look at my experience, that will help me out more than a college degree from Harvard will. Also, what people don't understand is with trading, returns are scalable. Meaning the more money I have, the more I make. 10% return off $10,000 is $1000 but 10% return off $50,000 is $5,000. The more I stack, the more I make. I don't know what business you're in, but I don't think it's as simple to scale your returns as it is with trading.
Third, no one said they were better than anyone else either. When I mentioned college, it was because I was trying to say that most people who go to college BLEED money. Some end up graduating in huge amounts of debt. My goal was to graduate WITH money and I'm on my way to doing so. No one was trying to say they were better than you for going to college. Also 10 years in college? Where they do that at? As for thinking I'm better cause I trade, I didn't mean it like that at all. However after thinking about it, it's not a bad job to have. I spend my days on TOS and various websites, watching Bloomberg, smoking weed (shipped straight from Cali) and basically chilling. I have no clients, no places to be, no bosses, and no one to complain when I decide to take the rest of the day off to chill with a shorty. I won't say I'm better than you cause I trade but I certainly don't think I'm worse off.
Don't feel insulted but it IS smarter to save your money than spend it. There's NO WAY you'll prove to me otherwise. Also, wanting to live a normal life and just stack money does not mean I'm not having fun or enjoying life. Having fun in life shouldn't equate to what car you drive or what jewelery you have. If it does, you're doing something wrong.
Everything this man said is on point
Champion,
I feel like you have a chip on your shoulder to prove everyone wrong in this thread. Why cant you just give the people props for turning a little amount of money into a larger amount of money? Thank you for sharing though. The investing guys that have posted (myself, Kicks, Chris Bosh's Neck) all do the same thing and do decent at it (for our world). We all happen to be in the same situation and all 3 of us know what its like to make that first 25k in order to officially day trade, and make even more money. We gave the other information like our age, what we do, and that we are college students to give people an understanding of how WE get money, not neccesarily how everyone else should get money. And, we never said 'This is the only way to get money' .. isnt this a thread about what people do? if not, direct me in the right thread...
-J23C
but after that fact and cats talkin bout building "wealth" and you said "foolishly spending on things that lose value instead of gain value."
i took offense to that. just cause you want your money to stack doesnt mean that its foolish to blow money. some people have different things goin on.
its funny cause i deal with people like you everyday, invested all their lives, made alot of money by the time they're 35 and now think they're some kind of elite. their stories mirror yours.
they think they're wealthy cause they have 2mil in stocks and a house and decent car. wealthy is when (like i said earlier) is when you buy houses cash.
"but hbw you fat fool, no one does that! you have to be stupid to do that" but when your wealthy you skip things that "rich" people think about like "Interest rates" and "lease terms".
hell your favorite rapper lil wayne said it perfectly "we dont gotta worry cause everything is ours"
thats "wealth"
drake said "i dont have to buy it, everything is free cause the club owner supply it"
thats "rich"
dont get the 2 messed up.
but thats just me.
no offense tho.
