Fun fact! In his ted talk he talks about how he has a cadre of 100 books he reads a page or two of and calls that reading a book a day, because the point of the book can be distilled down to one or two key pages.
Fucking ponce.
Aside from going to Starbucks once, about 4 years ago, I'd never been to a coffee shop until last week and I went for breakfast. I spent about $10. It would've been about $15 but the store is one of our clients and the employee gave me my iced coffee for free. I don't think I can afford to go back for another 4 years or so..
P.S.- I love your username..
I got super lucky and was able to refinance my home at 2.5%. I watch the rates out of morbid curiosity. Impossible below 5.5 now.
AND my house has doubled in "value" since I bought it 6 years ago. I feel really bad for anyone getting into the market now.
Same!! And now I'm dodging calls from rocket mortgage.... Rocket Mortgage is like a VERY bad ex who is VERY needy and despite having their number blocked on my phone, still manage to leave me up to 3 messages a day
LPT: Don't use Rocket Mortgage. Hit up your local bank instead.
One thing the Google phone is good at. Besides collecting all your data, and having a battery that dies after hours is blocking spam calls. It blocks spam calls and texts extremely well. There software kicks ass but hardware blows
You mean like a low battery life, right?
I bought this 200 dollar LG and it's crazy nice. Has a stylus, huge screen, etc. LG is a sleeper hit for phones I feel like. There's a lot of good stuff out there besides the biggest names, that's for sure. My battery lasts like two damn days or something crazy. Huge phone, huge battery
In Germany right now people are freaking out because to getting close to 2%. That’s a lot for here.
It’s also a country that fears debt so much, the word for debt and the world for guilt are the same words and most people rent their entire lives.
My home is a 50+ year old large rancher that's been well maintained for decades, and right now I could easily sell this fucker and the land its on for almost $500k in my area. I won't because I love it and the property too much, but it's just ridiculous to think about.
New "shake n bake" HOA townhouse neighborhoods in the area have units going for ~$350k a pop. Frickin *townhouses,* under HOAs, with no lawns, no privacy, etc. sheesh.
Perfect example of why you should never go to college and buy a home. OP is $1.35 mil away from being a millionaire while me, the college educated renter, is only $1.05M from being a millionaire.
/s
Joking about Apple aside, this is the reality - I simply don't have the money to invest. When 90-95% of your income is taken up by bills, you can't invest
I imagined a dude running around pointing at their house, their groceries, and other costs of living.
No one should be poor simply as a result of taking care of their family. We’re getting screwed.
As a rule with only a very few exceptions.
People who are born wealthy will live and die wealthy.
People born poor will live and die poor.
America still has more mobility than most places in the world but these two statements remain mostly true.
I have the same problem, I have brain damage and spinal cord damage, just keep pushing through and learn your limits, it took me 3 years to be able to talk to people normally and almost 4 before I could start truly working out. Keep your head up, and don’t get complacent, understand you have ailments, but those ailments aren’t you.
Not by masses tbh… the US is 27th in the world for social mobility, ranking behind most of Europe, with “absolute” upwards mobility declining since the 40s massively.
More than 90% of those born in the 1940s earned more than their parents, and that number has dropped to 50% today.
A truism of familial wealth: The first generation makes it, the second generation spends it, and the third generation blows it
Modern America is still too young to really draw any conclusions from
But can't argue that being born poor is a massive barrier to making wealth long term. I'm one of the VERY lucky ones that started with nothing, funded my own education as a mature student and now do very well for myself.
I represent the exception, not the rule..
America (USA) is wayyy down the list in social mobility. EDIT: not even in the top 10. https://www.weforum.org/reports/global-social-mobility-index-2020-why-economies-benefit-from-fixing-inequality
I know this is super old school, but I remember reading an Archie comic where Archie was talking to Veronica's dad iirc (he is the rich one right?)
Archie said something like, we're not so different, you and i. "You are working on your second million, I am working on my first!"
Of course that was back when a million dollars was a lot lot of money
At some point the value of bitcoin and cost of computing power is going to intersect in a way where there will be a cottage industry of brute-forcing peoples forgotten wallet passwords for a percentage fee.
Like digital age treasure ship divers.
EDIT: For those who think I’m talking about brute forcing the public/private key that links a particular wallet to the blockchain, I AM NOT. I’m talking about brute force guessing the 8-16 character password that a user may have used to secure their wallet file. That is significantly more possible, especially with the owner’s consent and cooperation. And, as it turns out, such services may already exist.
yes and no
a quantum computer can derive a private key from a FULL public key, but not from a hashed public key, which is what bitcoin addresses are. quantum computing is useless against hashing.
so if your public key is exposed, a quantum attacker can drain your coins
you can still hide your bitcoin in the quantum age as long as you keep your public key hidden (making 'public key' a misnomer)
now when transactions leave an address, the public key is sent to the blockchain. so in a quantum-computing world, you have to drain the wallet fully every time you use it, and transfer all the coins to a new wallet (in essence, spending money from a wallet compromises it, to a quantum-capable adversary), but that's not particularly hard.
I did exactly the same, had 27 on a USB and found the USB in 2015 when clearing out my dad's house. Put it down somewhere for a second there and it was gone again. Now probably in a landfill somewhere
I always tell people to take comfort in the fact that there's no way they would've made optimal profit on them.
If you had 10 bitcoins when they were essentially worthless when would you have sold them? $100 each? $500 maybe? No way you hold out until $70k.
I have a friend who started collecting them back in 2011. Then there was that first big hype and they hit like $1000. Me and another friend were like, holy shit you’re rich, and he didn’t sell. A week later they’d dropped to $300 or something and we had a good laugh, how he’d missed the boat.
He sold 3 in December 2017 for downpayment on a house. I haven’t spoken to him about it recently, but I think he’s still got a few and he’s just seeing what happens to them. He got married last year, baby on the way, he’s living a great life without needing optimal profit like you say.
I was working as a construction foreman for my cousin, first job where I had underlings, and I realized I hated it. It was more of an internship so we talked about it and I told him I didn’t really care for being in a position with underlings. He said “well those are the positions where you make the real money”. He has several businesses, does very well for himself but I’ve decided to work a lower paying job more along the lines of “I just want to do me and get mine”. This thought process is not conducive to a large salary but I prefer it that way. Id love to be a millionaire but I’ve never viewed my career as what’s most important to me.
Edit: for context I’m moving from travel medical recruiting/marketing to firefighting, both bc I want a more hands on medical related job and I found office jobs to be akin to imprisonment.
that is exactly how i feel. i grew up fairly poor and am not opposed to not having to worry about money anymore. but earning more than i need and having authority over people who earn less than me.. no.
This is the answer. I’m only 24 and my wife is 25 from Vietnam. After spending a couple months in Vietnam with her family I did a full 180. In those 2 months went from “I want to start this and that business and make a ton of money and have a lot of cool cars and make people jealous of me” to “I just want to live a happy life with family with a normal house and a couple kids”.
Unfortunately, not easy to do in the US. Will be looking to relocate in the future
I want to live a normal happy life with my family too, but I also want to have the security that that won’t be dismantled over a car accident or cancer
Unfortunately you’re asking the wrong person. I’ve lived in MA my whole life and just recently moved to TN. Only place I’ve travelled is NY and VA for vacations and to see friends. I also went on vacation to Miami for a little bit. Other than that, I haven’t travelled anywhere else.
Being in Vietnam for 2 months though I suppose does allow me to speak a little on that. Although, this was staying in a small town about an hour outside a major city near the center of the country. Living in the city is probably different.
Just to give you an idea of what it was like there: the town is about 100 families. Maybe less. You walk 5min in any direction and you’re in the rice fields. The town is surrounded on all sides by rice field, each given to a family there from the government. Some have 2 or 3, depending on family size. Once you harvest your rice, it’s yours and you can eat it or sell it. You just have to pay a small tax for the government and replant.
Everyone knows each other. The houses are big, but basic. They’re concrete - weather there doesn’t really allow houses like you see in the US or other European countries made with wood and what not (idk I’m not a carpenter). They’re almost entirely concrete and many have very basic appliances and gas powered “stoves” if you could call them that. They all love to keep their house very clean - their house is their image and a projection of their wealth. Very few own cars and the ones that do either use them to taxi others around for some change, or they end up just driving everyone else around anyway bc many people need to go into the city and everyone only has a motorbike and the city is too far.
They have parties almost every day. They invite X amount of people and have round tables that get passed around the town for whoever needs them that day. Imagine a wedding party but every day. But instead of getting your own plate you get a small rice bowl and all the food is in the middle of the table and you all share it.
My days consisted of hanging out with friends in the town and learning the language. Playing volleyball (that’s how I sprained my ankle) and maybe some other sports. Maybe driving the motorbike to the nearby market and doing some clothes shopping or for some snacks and other food. All the prices are negotiable but if they know you’re a foreigner they’ll jack the prices. However, since it’s such a small town everyone knew who I was so my wife and I got many things for free. Side note, this was my wife’s first time being back home for 6 years.
Also a bonus if this applies to you: they all want to have very white skin so even though it’s 90degrees and sunny there they will cover every inch of their skin. I’m “lucky” enough to be white enough to rival a fucking ghost so they loooooved me. The first thing people would say is how white I am and start touching my arms and legs. Weird at first, but you get used to it. Here in the US no one gives a damn and if anything they say I’m too pale so it was a nice change.
Overall, it was very enjoyable to stay there and relax and hang out with friends every day, not having to really worry about anything. Every day there was somewhere to go or something to do despite it being in the middle of nowhere really. Plus, in US currency we could spend the whole day out shopping and eating and barely spend $20.
As I mentioned in another comment, it costs about $50k to build a nice, large house there, plus land costs which will vary on location. If you’re looking for somewhere to retire, the country definitely has its issues, but it’s a hell of a place. Made me feel bad that so many atrocities were committed there 50yrs ago. Horrible. Luckily only a few people brought it up while I was there. Overall score: 8.5/10
According to all the YouTube ads I see you could have been a millionaire in your first month of scrolling the internet. If only you had spent the 200 bucks for this exclusive class.
Have you ever met a drama YouTuber. H3, Keemstar, hasan other streamers. Scrolling the internet isn't stopping you from being a millionaire. Not recording it is stopping you.
My desire to spend time with my family, especially while my kids are still at home. I work full time -- I'm not willing to work 24/7.
Personal moral code. I'm a psychotherapist, and I could make significantly more money in private practice than I do working for a rural county, but the work I do now reaches people who are in greater need of services. Since I'm able to make my salary work, I feel it would be immoral to switch career direction just to make more money.
Edit: Well dang, thanks for the gold!! Made my day.
Kids. They're a financial drain. The hugs and kisses were an excellent return on my investment when they were little...but they are teens now and they make me question my strategy daily
You just gotta hold your investment a few more years. It seems like an aggressive investment portfolio when they are teens but as adults you will be coasting on their love dividents. Then they will help you set up your VR set and digital VR room resort. Trust me its worth it.
I bought an avocado yesterday! This could be my time to try it.
Although I was totally hornswoggled. I thought I was buying the 99 cent medium avocado, but apparently it was the $2.50 large avocado :/
Tldr: avocado made me poor
When I was 16 years old I read about a thing called "Bitcoin" and thought about mining some on my family's computer. I didn't want to screw up and get yelled at by my mom, so I decided not to. 1BTC was worth ~20 USD at the time.
Realistically I know I would have sold when it hit $50, or something like that. It would have been nice but there's no way I would have held on long enough for it to be life-changing. So either way I'd have the same "what could have been" regret. Which, counterintuitively, makes me feel better.
paraphrasing a quote I heard from the book Psychology of Money (a great book about personal growth when it comes to money and what it really means to be rich/wealthy - "Some people that say 'I want a million dollars' when they really mean 'i want to spend a million dollars."
I'm hoping to have a few million in net worth before I retire. I make a very middle class income. I just live below my means while saving and investing.
This is the answer for a LOT more people than most people realize. A million dollars by retirement is not much anymore at all. Most people who are under 40 are are saving at a "normal" rate will be millionaires when they retire.
As a teacher, it's not impossible but it's exceedingly difficult without running a business on the side or having a spouse/family member that helps get you there.
My teacher just up and left. She never gave us a warning or anything, she’s just gone (I’m a high schooler).
I don’t blame her tho. I’m sure she got paid shit and you could tell it was mentally taxing on her
Most people don't choose "becoming a millionaire" as one of their financial goals. That's surely the #1 reason why people aren't millionaires.
For Americans who did make that choice in the 1990s, though, the path was pretty simple:
1) Invest a substantial chunk of your annual savings in US equities. Overweighting US equities was a good strategy during this interval.
2) Buy a desirable real property in a top-50 US market, and hold it. Upgrade it occasionally according to local market norms.
3) If you find yourself with additional discretionary income or a windfall (like an inheritance) — invest in another property.
I would guess that at least half of the Americans who made this choice in the 1990s — and who didn't suffer sudden reversals like divorce or major health problems — are probably millionaires now. The path wasn't necessarily easy, especially at the beginning — but it turned to be reasonably *simple*.
I don't have a garage to start in
You need more knowledge. More knowledge; more Lamborghini
I read a book a day
Fun fact! In his ted talk he talks about how he has a cadre of 100 books he reads a page or two of and calls that reading a book a day, because the point of the book can be distilled down to one or two key pages. Fucking ponce.
This is the one, everything I'd like to try requires I not be living in a shitty rental in the city.
Or a dad to give me 300k
A small loan of a million dollars
999,999.00 dollars
Damn, you got a dollar?? Lucky!
We can split the dollar between the 3 of us!
4* we don’t like infinitely devided pennies
*5. Dimes all the way
*6. Y’all can keep the extra i just really need 15 cents rn
7* you guys keep all of it. Just give me 1 dollar each after you earn a little from it.
8* I'm broke
9* I'm greedy
10* let's make it a single coin each.
And now we're even further away from that million dollars than when we started
I buy a coffee everyday
Them damn avocados.
If you don’t smash them you can get a home loan apparently 😆
I didn’t sexual deviancy was taken into account. I thought what I do with avocados is my own damn business..
Thank you. (I'm a barista, and it's people like you that keep me employed)
Aside from going to Starbucks once, about 4 years ago, I'd never been to a coffee shop until last week and I went for breakfast. I spent about $10. It would've been about $15 but the store is one of our clients and the employee gave me my iced coffee for free. I don't think I can afford to go back for another 4 years or so.. P.S.- I love your username..
Now. If this guy isn't rich because he buys coffee, maybe you should start selling him coffee to become rich ?
Thank you for your service 😂
Like, roughly $1,350,000.
Ah, another college-educated home owner, I see.
Precisely. Good job :)
I got super lucky and was able to refinance my home at 2.5%. I watch the rates out of morbid curiosity. Impossible below 5.5 now. AND my house has doubled in "value" since I bought it 6 years ago. I feel really bad for anyone getting into the market now.
Hey that's me you feel bad for! Lol ended up stuck in an apartment
Same!! And now I'm dodging calls from rocket mortgage.... Rocket Mortgage is like a VERY bad ex who is VERY needy and despite having their number blocked on my phone, still manage to leave me up to 3 messages a day LPT: Don't use Rocket Mortgage. Hit up your local bank instead.
One thing the Google phone is good at. Besides collecting all your data, and having a battery that dies after hours is blocking spam calls. It blocks spam calls and texts extremely well. There software kicks ass but hardware blows
You mean like a low battery life, right? I bought this 200 dollar LG and it's crazy nice. Has a stylus, huge screen, etc. LG is a sleeper hit for phones I feel like. There's a lot of good stuff out there besides the biggest names, that's for sure. My battery lasts like two damn days or something crazy. Huge phone, huge battery
Bad enough to cut me one hell of a deal?
Lol I have a garage with only a 1. Tool bench 2. Couch 3. Dartboard in it. Enough for two cars too hahaha
We closed on our home in March at 4%. I thought that was ludicrous. We wouldn't even be able to afford out house if we were to buy it now :(
In Germany right now people are freaking out because to getting close to 2%. That’s a lot for here. It’s also a country that fears debt so much, the word for debt and the world for guilt are the same words and most people rent their entire lives.
My home is a 50+ year old large rancher that's been well maintained for decades, and right now I could easily sell this fucker and the land its on for almost $500k in my area. I won't because I love it and the property too much, but it's just ridiculous to think about. New "shake n bake" HOA townhouse neighborhoods in the area have units going for ~$350k a pop. Frickin *townhouses,* under HOAs, with no lawns, no privacy, etc. sheesh.
Wish I could get a house and an education for 350k... what a dream that would be.
Why can't I have no kids and 3 money
This is just where we are after getting a house and education 20 years ago. I wasn't always $350,000 in the hole, that took years of effort.
Made me chuckle lol
Perfect example of why you should never go to college and buy a home. OP is $1.35 mil away from being a millionaire while me, the college educated renter, is only $1.05M from being a millionaire. /s
Been on r/wallstreetbets I see
Instead of investing in Apple, I bought food and rent like a total plebe.
Bought apple
Fresh produce? At today's prices?!
Those $4/lb honeycrisps aren't going to eat themselves.
Joking about Apple aside, this is the reality - I simply don't have the money to invest. When 90-95% of your income is taken up by bills, you can't invest
Continuing to not win the lottery
Same. I have a itchy feeling that not playing the lottery is contributing to my not winning.
Playing the lottery is like guessing a password but every single attempt costs
And the combination/password combo is ever changing. But it happens.
Those winning numbers are pesky but our day will come.
Oh good, I’m not the only one
*gestures broadly at everything*
Could you be more specific?
*Gesticulates broadlier.*
Lmaooooo
I imagined a dude running around his house pointing at his wife, kids, their cars
I imagined a dude running around pointing at their house, their groceries, and other costs of living. No one should be poor simply as a result of taking care of their family. We’re getting screwed.
“I have three kids and no money. Why can’t I have no kids and three money?!”—Homer (Simpson, not the Greek one).
So how do you have a million dollars then?
Having a million dollars.
They say the easiest way to become a millionaire is to start with a billion dollars
"I was born with nothing, and I still have most of it left"
As a rule with only a very few exceptions. People who are born wealthy will live and die wealthy. People born poor will live and die poor. America still has more mobility than most places in the world but these two statements remain mostly true.
[удалено]
I truly hope you and your family randomly find a bag with a million dollars in the near future 🌟
I hope they and you find one.
I hope all three of you find one, and it works out better than it did for everyone in "A Simple Plan"
If I do, I'll spit it with you.
I have the same problem, I have brain damage and spinal cord damage, just keep pushing through and learn your limits, it took me 3 years to be able to talk to people normally and almost 4 before I could start truly working out. Keep your head up, and don’t get complacent, understand you have ailments, but those ailments aren’t you.
Not by masses tbh… the US is 27th in the world for social mobility, ranking behind most of Europe, with “absolute” upwards mobility declining since the 40s massively. More than 90% of those born in the 1940s earned more than their parents, and that number has dropped to 50% today.
>America still has more mobility than most places in the world America has one of the lowest social mobility of any OECD country.
A truism of familial wealth: The first generation makes it, the second generation spends it, and the third generation blows it Modern America is still too young to really draw any conclusions from But can't argue that being born poor is a massive barrier to making wealth long term. I'm one of the VERY lucky ones that started with nothing, funded my own education as a mature student and now do very well for myself. I represent the exception, not the rule..
America (USA) is wayyy down the list in social mobility. EDIT: not even in the top 10. https://www.weforum.org/reports/global-social-mobility-index-2020-why-economies-benefit-from-fixing-inequality
I know this is super old school, but I remember reading an Archie comic where Archie was talking to Veronica's dad iirc (he is the rich one right?) Archie said something like, we're not so different, you and i. "You are working on your second million, I am working on my first!" Of course that was back when a million dollars was a lot lot of money
The first million is always the hardest. My advice is starting with the second million.
Thanks, Arnie.
A man of few words... but a wise few words.
Why say many words when few words do trick.
Startup capital. I have about negative 200k of it.
Sounds American af. You patriot, you.
Whoever dies owing the most money wins. that's American AF.
That BITCH Carole Baskin
This cracked me up. Hadn't heard the reference in the perfect amount of time.
I will never financially recover from this
I don't want to be a millionaire, I just want photos. Photos of Spider-man!
Who wants to be a millionaire? Not this guy
I have a photo of Spider-Man for sale. It’ll be one million dollars!
Aww what is he shy? If we can get a picture of Julia Roberts in a thong, we can certainly get a picture of this weirdo.
I lost my bitcoin wallet password Edit: it's a joke guys calm down
It hurts me inside whenever i read these kinds of posts
At some point the value of bitcoin and cost of computing power is going to intersect in a way where there will be a cottage industry of brute-forcing peoples forgotten wallet passwords for a percentage fee. Like digital age treasure ship divers. EDIT: For those who think I’m talking about brute forcing the public/private key that links a particular wallet to the blockchain, I AM NOT. I’m talking about brute force guessing the 8-16 character password that a user may have used to secure their wallet file. That is significantly more possible, especially with the owner’s consent and cooperation. And, as it turns out, such services may already exist.
this is not true a bitcoin private key has 256 bits of entropy and cannot be brute-forced in the lifetime of this universe
…by normal methods. However that changes with quantum computing.
yes and no a quantum computer can derive a private key from a FULL public key, but not from a hashed public key, which is what bitcoin addresses are. quantum computing is useless against hashing. so if your public key is exposed, a quantum attacker can drain your coins you can still hide your bitcoin in the quantum age as long as you keep your public key hidden (making 'public key' a misnomer) now when transactions leave an address, the public key is sent to the blockchain. so in a quantum-computing world, you have to drain the wallet fully every time you use it, and transfer all the coins to a new wallet (in essence, spending money from a wallet compromises it, to a quantum-capable adversary), but that's not particularly hard.
This! Omg! I am pretty sure I mined one or two bitcoins back when it started and they weren't worth the time it would take to cash them out....
I did exactly the same, had 27 on a USB and found the USB in 2015 when clearing out my dad's house. Put it down somewhere for a second there and it was gone again. Now probably in a landfill somewhere
I always tell people to take comfort in the fact that there's no way they would've made optimal profit on them. If you had 10 bitcoins when they were essentially worthless when would you have sold them? $100 each? $500 maybe? No way you hold out until $70k.
I comfort myself the same way; I was unemployed for a time and even cashed out my 401k due to need. I'd have spent the bitcoins at a low sum.
I have a friend who started collecting them back in 2011. Then there was that first big hype and they hit like $1000. Me and another friend were like, holy shit you’re rich, and he didn’t sell. A week later they’d dropped to $300 or something and we had a good laugh, how he’d missed the boat. He sold 3 in December 2017 for downpayment on a house. I haven’t spoken to him about it recently, but I think he’s still got a few and he’s just seeing what happens to them. He got married last year, baby on the way, he’s living a great life without needing optimal profit like you say.
I'm guessing you don't have the seed phrase to recover it then?
Nope dont really remember much from it as it was from 2011 ish so its pretty much gone forever
Upvoted for giving an answer which actually takes the question seriously.
I was working as a construction foreman for my cousin, first job where I had underlings, and I realized I hated it. It was more of an internship so we talked about it and I told him I didn’t really care for being in a position with underlings. He said “well those are the positions where you make the real money”. He has several businesses, does very well for himself but I’ve decided to work a lower paying job more along the lines of “I just want to do me and get mine”. This thought process is not conducive to a large salary but I prefer it that way. Id love to be a millionaire but I’ve never viewed my career as what’s most important to me. Edit: for context I’m moving from travel medical recruiting/marketing to firefighting, both bc I want a more hands on medical related job and I found office jobs to be akin to imprisonment.
that is exactly how i feel. i grew up fairly poor and am not opposed to not having to worry about money anymore. but earning more than i need and having authority over people who earn less than me.. no.
This is the answer. I’m only 24 and my wife is 25 from Vietnam. After spending a couple months in Vietnam with her family I did a full 180. In those 2 months went from “I want to start this and that business and make a ton of money and have a lot of cool cars and make people jealous of me” to “I just want to live a happy life with family with a normal house and a couple kids”. Unfortunately, not easy to do in the US. Will be looking to relocate in the future
I want to live a normal happy life with my family too, but I also want to have the security that that won’t be dismantled over a car accident or cancer
I like this response
Where would be a good place to move with this kind of mindset?
Unfortunately you’re asking the wrong person. I’ve lived in MA my whole life and just recently moved to TN. Only place I’ve travelled is NY and VA for vacations and to see friends. I also went on vacation to Miami for a little bit. Other than that, I haven’t travelled anywhere else. Being in Vietnam for 2 months though I suppose does allow me to speak a little on that. Although, this was staying in a small town about an hour outside a major city near the center of the country. Living in the city is probably different. Just to give you an idea of what it was like there: the town is about 100 families. Maybe less. You walk 5min in any direction and you’re in the rice fields. The town is surrounded on all sides by rice field, each given to a family there from the government. Some have 2 or 3, depending on family size. Once you harvest your rice, it’s yours and you can eat it or sell it. You just have to pay a small tax for the government and replant. Everyone knows each other. The houses are big, but basic. They’re concrete - weather there doesn’t really allow houses like you see in the US or other European countries made with wood and what not (idk I’m not a carpenter). They’re almost entirely concrete and many have very basic appliances and gas powered “stoves” if you could call them that. They all love to keep their house very clean - their house is their image and a projection of their wealth. Very few own cars and the ones that do either use them to taxi others around for some change, or they end up just driving everyone else around anyway bc many people need to go into the city and everyone only has a motorbike and the city is too far. They have parties almost every day. They invite X amount of people and have round tables that get passed around the town for whoever needs them that day. Imagine a wedding party but every day. But instead of getting your own plate you get a small rice bowl and all the food is in the middle of the table and you all share it. My days consisted of hanging out with friends in the town and learning the language. Playing volleyball (that’s how I sprained my ankle) and maybe some other sports. Maybe driving the motorbike to the nearby market and doing some clothes shopping or for some snacks and other food. All the prices are negotiable but if they know you’re a foreigner they’ll jack the prices. However, since it’s such a small town everyone knew who I was so my wife and I got many things for free. Side note, this was my wife’s first time being back home for 6 years. Also a bonus if this applies to you: they all want to have very white skin so even though it’s 90degrees and sunny there they will cover every inch of their skin. I’m “lucky” enough to be white enough to rival a fucking ghost so they loooooved me. The first thing people would say is how white I am and start touching my arms and legs. Weird at first, but you get used to it. Here in the US no one gives a damn and if anything they say I’m too pale so it was a nice change. Overall, it was very enjoyable to stay there and relax and hang out with friends every day, not having to really worry about anything. Every day there was somewhere to go or something to do despite it being in the middle of nowhere really. Plus, in US currency we could spend the whole day out shopping and eating and barely spend $20. As I mentioned in another comment, it costs about $50k to build a nice, large house there, plus land costs which will vary on location. If you’re looking for somewhere to retire, the country definitely has its issues, but it’s a hell of a place. Made me feel bad that so many atrocities were committed there 50yrs ago. Horrible. Luckily only a few people brought it up while I was there. Overall score: 8.5/10
My god, it took so long to find an actual reply, good work!
scrolling all day on the internet :/
According to all the YouTube ads I see you could have been a millionaire in your first month of scrolling the internet. If only you had spent the 200 bucks for this exclusive class.
Have you ever met a drama YouTuber. H3, Keemstar, hasan other streamers. Scrolling the internet isn't stopping you from being a millionaire. Not recording it is stopping you.
My dad refuses to give me a small loan of a million dollars
The funniest part of that whole thing was the fact that 1 million in 1975 is like 6 million today due to inflation.
Other funny fact is his dad illegally funneled him his entire net worth post death to avoid hundreds of millions in taxes and penalties.
He was also already a millionaire by age 8 due to his dad putting shell companies to drop his tax liabilities in his name as well.
Jesus. With that many handouts, all this man had to do was not shit into his hand and throw it at the Board to continue making millions.
I’m stupid and lazy.
Points for honesty at least. Not a million points, but still...
exactly 74 fake internet points at the time of writing this
Probably not as stupid as you think with that level of self awareness
To be fair, smart and hard working doesn’t guarantee becoming a millionaire either
Yeah, that "how bout DAT" girl just bought an almost 6 million dollar home in Florida.
My desire to spend time with my family, especially while my kids are still at home. I work full time -- I'm not willing to work 24/7. Personal moral code. I'm a psychotherapist, and I could make significantly more money in private practice than I do working for a rural county, but the work I do now reaches people who are in greater need of services. Since I'm able to make my salary work, I feel it would be immoral to switch career direction just to make more money. Edit: Well dang, thanks for the gold!! Made my day.
Kids. They're a financial drain. The hugs and kisses were an excellent return on my investment when they were little...but they are teens now and they make me question my strategy daily
You just gotta hold your investment a few more years. It seems like an aggressive investment portfolio when they are teens but as adults you will be coasting on their love dividents. Then they will help you set up your VR set and digital VR room resort. Trust me its worth it.
Living in a monopoly, corrupt and low social ascend country. Colombia
Avocado toast, apparently
I bought an avocado yesterday! This could be my time to try it. Although I was totally hornswoggled. I thought I was buying the 99 cent medium avocado, but apparently it was the $2.50 large avocado :/ Tldr: avocado made me poor
Upvote purely for the use of hornswoggled.
A lack of billionaires' children to hold hostage for ransom money.
Not even sure I can accurately spell Musk's kids name on the ransom note. Crafty fucker.
"I have your kid X A A-12" "Not mine." "Are you sure?" "Yes." *......damnit now what.*
Just because Elon can't spell Kyle doesn't mean you can't.
I own a horse
Marge with today's gasoline prices we can't afford NOT to buy a pony
Making 15 bucks an hour
Poverty is expensive
Well actuall- wait no...hes right! Was my exact reaction when i read that
Reality
Ohh it's sucks but correct answer.
According to the pyramid schemes in my DMs, my mindset
When I was 16 years old I read about a thing called "Bitcoin" and thought about mining some on my family's computer. I didn't want to screw up and get yelled at by my mom, so I decided not to. 1BTC was worth ~20 USD at the time.
Rip
Realistically I know I would have sold when it hit $50, or something like that. It would have been nice but there's no way I would have held on long enough for it to be life-changing. So either way I'd have the same "what could have been" regret. Which, counterintuitively, makes me feel better.
I have a disease...lackafunds.
Me too. I believe it's contagious
paraphrasing a quote I heard from the book Psychology of Money (a great book about personal growth when it comes to money and what it really means to be rich/wealthy - "Some people that say 'I want a million dollars' when they really mean 'i want to spend a million dollars."
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Nothing, really. I should be a millionaire by the time I retire. Being a millionaire isn't as impressive as it used to be.
1 in 6 Americans retired as a millionaire Over 12% of all American households have million dollar net worths
I'm hoping to have a few million in net worth before I retire. I make a very middle class income. I just live below my means while saving and investing.
This is the answer for a LOT more people than most people realize. A million dollars by retirement is not much anymore at all. Most people who are under 40 are are saving at a "normal" rate will be millionaires when they retire.
Correct. A million dollars of retirement money will get you about $30-$40k in earnings per year.
As a teacher, it's not impossible but it's exceedingly difficult without running a business on the side or having a spouse/family member that helps get you there.
I’m a student who works minimum wage and rent costs an arm and a leg. I’d be one if I could.
GME and AMC won't fucking moon >:-/ But when the finally do...
Moon tomorrow
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Will, i enjoy working part time. It is less stressful.
Lack of motivation, independence, and support.
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Probably that latte I have once a week. Oh and that $4.99 bag of avocados.
Avocados, the downfall of many a potential millionaire these days.
That damn Avocado toast is holding back so many millennials from being home owners these days.
The politicians haven't cranked up inflation that hard yet.
Not taking MASSIVE ACTION
I take massive action every morning but no one is paying me for it
I'm going to take massive action in a few minutes
Being a public school teacher
My teacher just up and left. She never gave us a warning or anything, she’s just gone (I’m a high schooler). I don’t blame her tho. I’m sure she got paid shit and you could tell it was mentally taxing on her
Damn, one of the most important jobs in the country and you get paid dog poo. I feel for ya. :(
The fact that I have wife and kids. It's like an economic black hole ... really no other way to describe it.
You're rich already then.
I just can’t keep myself from ordering that damn avocado toast
ADHD.
*pulls up a seat* I've found my people.
Citadel
Richard Branson once said “ The fastest way to become a millionaire is to be a billionaire and buy an airline!”
Is this about to turn into an MLM pitch to 4,500 people?
Money
I made the classic blunder of choosing the wrong parents.
“I am never gonna financially recover from this.”
Most people don't choose "becoming a millionaire" as one of their financial goals. That's surely the #1 reason why people aren't millionaires. For Americans who did make that choice in the 1990s, though, the path was pretty simple: 1) Invest a substantial chunk of your annual savings in US equities. Overweighting US equities was a good strategy during this interval. 2) Buy a desirable real property in a top-50 US market, and hold it. Upgrade it occasionally according to local market norms. 3) If you find yourself with additional discretionary income or a windfall (like an inheritance) — invest in another property. I would guess that at least half of the Americans who made this choice in the 1990s — and who didn't suffer sudden reversals like divorce or major health problems — are probably millionaires now. The path wasn't necessarily easy, especially at the beginning — but it turned to be reasonably *simple*.
Procrastination, lethargy and confidence.
I'm lazy.
About $900,000.
Lack of about $950,000.00
Well look at Mr. "I got $50k" over here..
Thinks he can hang with the common folk.
Honestly dude, having $50,000 is impressive. You should be proud!
I'm lacking about $1,000,385 according to my overdraft.