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I don't know. I don't even know how I'm supposed to pay for the expenses on an airplane and taxes on a 100m+ house without any cash flow. Just trying to play along.
Yea..good luck with that. Easier said than done.
From my experience, cash has definitely being king. I am still young, but one of my investment goals is to invest in commercial properties, set up a regular income stream and then make it rain. Both capital appreciation and income generation. None of the "invest in growth stocks for 30 years" yada yada yada. I hate parting away with my money, especially over something that I will have no control over and then wondering what the true value of the investment is every other day.
Location: Mumbai, India
$50 million ...I will buy tRCMB and install a poll option. Then I will have $49,999,900 left.
What is that, a Titleist? A hole in one...
Leonardo Dicaprio rich. I'd like to buy a huge yacht and throw parties on it like he does. And of course bang super models everyday.
Man who did that pinch of code work for 100 bucks... Good choice none the less
so mattyfresh and so clean
Let me know when you get up there I can write all types of loans for all the ballers on this board
Filthy stinking rich. I can only assume that means you're so rich you don't even have to shower.
In general, people way over value assets and undervalue income. Assets should always be valued long term at what you can get rid of it in a recession/fire sale, because that is when you would be forced to unload. Start ups could all be worth zero so that is a bad idea. When you have large income you can weather swings in assets values and you can always be building wealth as opposed to draining wealth.
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