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So many people complain that they need to make more money or that they wish they had more money. The reality of it is, learning how to become wealthy is EASY. Actually doing it is what’s hard. I would argue that it’s almost impossible to become wealthy if you have a bitch sucking your wallet dry. Thankfully we MGOOW (Men Going Our Own Way) don’t have this problem so it should be easier.
I’m going to lay it out for you in a simple, easy to understand manner. First off, wealth is NOT money. Money is a TOOL – nothing more. Wealth is ASSETS (house, car, personal possessions, etc.). There are three types of assets – appreciating assets, depreciating assets, and stable (also known as stagnant) assets. An example of an appreciating asset would be something like a house. Although housing prices can go down over time, they generally go in an upward direction.
That being said, DON’T buy in a housing bubble. Just don’t. It may take a lifetime for your asset to be worth what you originally paid for it and by then you’re dead so who cares? A good example of a depreciating asset would be a typical car. If you buy a brand new Ford, it’s going to be worth less and less over time until it’s a piece of rubble not worth anything. The only type of car that’s an appreciating asset is a collectible car – but you’d damn well better know what you’re doing in that market because unlike a house, a collectible car is a LUXURY item. In hard times it will be worth a lot less than you paid for it.
A stable/stagnant asset is something that generally is worth the same throughout it’s lifetime. Precious metals are a good example. Please note that money has NO value other than a medium of exchange and a temporary place to put wealth. I couldn’t care less what gold, silver, or real estate is worth in dollars once I’ve already acquired it. What matters is what that gold, silver, and real estate is worth compared to OTHER assets. You can tell when it’s a good time to acquire certain assets based on how they’re priced compared to OTHER assets. The price in dollars doesn’t mean s~~~.
If you want to become wealthy, you need to focus on acquiring ASSETS – particularly INCOME PRODUCING ASSETS. I prefer real estate. It’s tried and true and produces some pretty impressive returns if you buy it right. You need money or capital to acquire said assets…and not a small amount if you want to purchase real estate. You must have 20% down as a minimum if you want to buy a property that you intend to use to generate cash flow. 25% is better because you’ll get a lower interest rate.
So how do you raise this capital? Well, first off you have to make sure you’re starting smaller. No more than $250,000. That means that as a minimum you need to save up around $70,000. $50,000 will go to the down payment, $10,000 to closing costs (assuming you can’t get the seller to pay for those), and a bit of money in the bank so that the bank will actually lend to you. You need at least 6 month’s savings saved up in order for the bank to lend to you. Think it’s not possible to save $70,000? Think again.
Let’s go through a hypothetical scenario. Let’s say Bob here is a poor guy. He works at McDonalds making $1,500/month. He’s bottom of the barrel low. So how in the hell is he going to save up $70,000? Simple. The solution for Bob is the same as the solution for everyone else – increase income and reduce expenses. So how can he increase his income? Become a manager? Yeah, that might net him another $500/month…maybe. Come on. Let’s get real here. It will take him 12+ years to save up for the down payment on that house at this rate (assuming he doesn’t also reduce his expenses). So what’s the answer? What’s the magical equation that Bob can use to make $70,000 overnight? Well that’s just the thing. There isn’t one.
Making money requires passion, drive, and most of all, WORK. Bob should be doing everything he can to make more money. Get another job, do odd jobs on Craigslist, move furniture, paint houses, whatever it takes. Bob needs to start WORKING FOR HIMSELF rather than making the asshole that owns the McDonalds franchise richer.
On the other end of the spectrum, Bob needs to reduce expenses. Living out of his car is an excellent solution. Eat the cheapest s~~~ he can find is also good. With no rent, utilities, or other bills, Bob will be able to save a HUGE chunk of his income.
This is an extreme example. I hope nobody here is as bad off as Bob is. But let’s say you’re making a more reasonable $3,500/month. In that case, move to the ghetto, sell the car and take public transit, and don’t eat out. Also do everything you can to make more money.
When I was going through high school, I sold computers off Craigslist after school. I was bringing in $10,000+/month in PROFIT working from 3:30pm (when I got home from school) until early in the morning. I ran myself RAGGED, living on 2-3 hours of sleep per night. At the same time I spent as little money as possible. I lived on microwave burritos ($0.40 apiece) and wiped my ass with scratchy ass toilet paper. At the same time when things were slow I was balling it on Fiverr doing writing and SEO. I’d make around $100 with 2-3 hours of work. Yeah, it sucked compared to fixing and selling computers but I WASN’T PICKY. I even painted a neighbors house when I was making $10,000+/month and had over $200,000 in the bank. I still remember painting at 2:00am with my little $5 battery powered lantern I bought from Walgreens. I’d charge up the batteries with a crank mechanism. I’d paint a bit, crank, paint some more, crank. It f~~~ing sucked. But I was too cheap to buy a good lantern for $20.
LEARN A TRADE. I don’t care what it is. Mine was computer repair. Yours might be something totally different. But learn that trade – LIVE IT! With the internet nowadays there’s NO EXCUSE for not learning how to do something that others will pay you money for.
So yeah, I hope I didn’t shatter too many of your illusions. Becoming wealthy isn’t easy. You have to work HARD to get ahead. Wealth is nothing but your stored up work. In order to acquire wealth, you have to produce MORE than you consume. In essence, you have to produce MORE than you need to survive – and produce that excess over a long period of time and then STORE IT in an income producing asset. Then you can take the income produced by the income producing asset and snowball it in order to acquire MORE income producing assets. It’s that simple. Once you lay that first brick, it gets easier. By the time you’ve laid that first brick you will have already gotten used to your current workload and that brick will help you to lay more bricks and more bricks. Eventually the bricks will literally lay themselves and you can sit back and relax for the rest of your life.
The sad truth however is most people that succeed in life aren’t the type to just kick back and enjoy their empire once they’ve built it. I’ll use Trump as an example. He’s got so much money he could literally never get out of bed again and be taken care of by naked women who cater to his every whim. So what does he do? He becomes f~~~ing president of the United States. *Shakes head* I’m afraid I don’t have the same drive that Trump does. Personally once I get my empire where I want it to be, I’m checking out of society and all its bulls~~~.
Not much of a fan or avid follower of American politics and scandals but this gave me one hell of a laugh.
Judge orders Stormy Daniels to pay Trump $293K in legal fees
https://thehill.com/homenews/administration/420865-judge-orders-stormy-daniels-to-pay-trump-293k-in-legal-feesSo much for her defamation crusade. I’m glad that there is a good karma story on the feed.
The only way that opportunistic washed up porn star could ever get her 15 minutes back is if she spent 15 minutes….on her back. I’m somewhat glad that she, a speck in the sand went for broke, straight up the presidential ladder to serve as an eye-opener for many men out there. Her little stunt emphasizes the narcissistic mindset modern women tend to have, even if they play the camera role of a c~~~-holster prop.
Funny how much representation she was garnering especially by social justice platforms who often condemn her profession. Too bad she has to cough up most of the money she probably acquired from husbank number 1 and 2 and 3.Get woke, go broke, Stormy.
Nancy is basically calling out Trump’s manhood over building the wall.
“It’s like a manhood thing for him. As if manhood could ever be associated with him. This wall thing,” Pelosi privately told House Democrats after a combative, on-camera Oval Office meeting with Trump, Vice President Mike Pence and Senate Democratic leader Chuck Schumer. The account was described by an aide who was in the room but not authorized to discuss Pelosi’s remarks publicly.
Something tells me that if you called Pelosi’s resistance to the wall a “chick thing” or based on “a visit from Aunt Flow” you’d get a little different response in the media. But you guys aren’t surprised by a double standard.
Never mind. Nothing to see here. Move along.
Order the good wine

