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My shirt for this Sunday and I’m bringing 20 more to pass around


TheBigKat
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5 minutes ago, TheBigKat said:

my father is a retired contractor... we lived an upper middle class life and I learned valuable lessons on hard work from him. If $70k in the 90s was rich, then yea we were banking!

Awww don't ruin my fantasy of you being one of THOSE Persians. You were our board's Kim K. Not now!

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3 hours ago, TheBigKat said:

In my professional life I’ve done just fine

 

 sold my company to a private equity firm and have built a very nice monthly income stream buying several unique short term rentals. My biggest challenge of the day is going to Costco buying paper towels and stocking all the properties. I’m beyond lucky and grateful to be retired at 41 with time to attend my boys football games, pick them up from school, play PlayStation with them, etc

You might have the most outrageous takes from time to time. But you're alright man.

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2 hours ago, jb2288 said:

Posts like this make me question the corporate grind I’ve been living for 10 years now lol 

all jokes aside love to hear the success of those on here. Y’all rock and if anyone ever needs risk and compliance work from a fellow huddler im your man 

Corporate grind is the way for me. As long as we invest aggressively and diversify we can do alright! 

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5 hours ago, TheBigKat said:

I focused on Airbnb 3 years ago and this was 6 months revenue from May, on pace to crush it this year

 

self taught but was driven that once I sold my company I never wanted to ‘work’ again

 

now I install BBQ grills at the properties, make sure people having awesome time at the various unique properties we have and really don’t need to answer to anyone or anything. I focus intensely on being there for my boys in a crazy world.

 

At 34 you have your world ahead of you, don’t expect others to build your escape and dream, it is YOU and only you who can build that escape/dream

 

my personal dream was to be retired by 45 and never have to put myself under anyone’s mercy and I achieved that by spending every moment of my time getting there

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That’s awesome man. As I grind away at 40 with a good salary and little to show for it. Im envious of your success. 

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3 minutes ago, BIGH2001 said:

That’s awesome man. As I grind away at 40 with a good salary and little to show for it. Im envious of your success. 

don't be... or use it to put yourself where you envision.... 

 

Even if you can't buy a property now think about rental arbitrage where you rent a property with the intent to sublet it for a short term rental. Meaning rent a house you think will do well via Airbnb (rules permitting from the owner) at we'll say $2500 a month, get $5k a month in airbnb revenue and keep the difference minus expenses. This lets you dabble in real estate without financially committing to a down payment, etc. 

 

If real estate isn't your forte, think of what you can do to generate revenue streams that make you money after you begin investing those seeds and harvest

Rich is making money, sure. Doctor X is "rich" because he/she makes $700k a year, but Doctor X also spends $750k a year so this person is NOT wealthy, if they break their leg, they are toasted

Wealth is managing money, putting it to work while you do things you want to be doing.

 

Vanguard funds are a great way to stash money and make double digit returns (typically 10-14%)  without much market research needed at your end

 

you're 40

if you put in $5k today and every month contributed $250 at a 13% rate of return, you'd be looking at a nice setup in your mid 60s

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