Had an interesting convo with a multimillionaire today
- Thread starter Swirv
- Start date
Charity breh?
And the state will give it to your next of kin, and tax the shyt out of it, and do all kinds of financial fukkery.
If you don't have kids (I assume maybe you'll have some later, but even if you don't) I'm sure you have some family member you'd like to leave stuff to, a nephew or niece maybe, or a close friend's children. Or me.
I'm the only child and right now I assume it would go to my mother but if I outlive her there is no family member I want my stuff to get to. My family would just fight over it and it would tear the family even further apart. At least with charity, they can liquidate it and it will go to good use. I'll just have to sit with an attorney and write out a will.Charity breh?
And the state will give it to your next of kin, and tax the shyt out of it, and do all kinds of financial fukkery.
If you don't have kids (I assume maybe you'll have some later, but even if you don't) I'm sure you have some family member you'd like to leave stuff to, a nephew or niece maybe, or a close friend's children. Or me.
Not if you have investors/can raise capital ... you'll need damn near nothing except will and grit if you do seller financing instead
Speak on this
Damien Thorn
Rookie
Didnt need to be specifically told that the man who the OP was referring too in his initial post was white. The money that this man has simply doesnt exist in the “native black” community. Descendents of Slaves dont have shyt in this country when it comes to wealth, and due to state and government fukkery (FHA, restrictive racial covenants, G.I. Bill, Homestead Act, etc., etc.) they've made sure it stayed that way.
Here in Kenya that's a big thing. Groups invest in farming,transport but overwhelmingly real estate.
Almost every adult in Kenya belongs to such an investment group. Many people are even in multiple chamas — one formed to buy a large piece of land for subdivision, another for saving money to visit one another’s homes. There are even extremes where groups have been formed to create a pool of funds for Friday night beers.
I'm a member of 2 chamas myself.
. “There are currently around 300,000 groups, with at least $3.4 billion in assets. But there are many more informal ones that are unregistered,” says Alex Mwangi, head of secretariat at the Kenya Association of Investment Groups (KAIG), an umbrella body for chamas.
Investment groups in Kenya - Investing in Friends
Imo,that figure is def conservative.
create a business
just find a problem to solve online and start writing down what youll need to solve it
if you can use that to generate $1k profit a month youll be able to attack real estate faster. But if you go the job route and only contribute from one income stream its gonna be slow, arduous, and painful.
online business is so damned easy to get into now that if you havent atleast looked into the different ways to get paid you're pouring jelly on yourself.
my partner and i are scouting multifamilies with intent to close on one by the end of the year (without touching our personal savings)
just find a problem to solve online and start writing down what youll need to solve it
if you can use that to generate $1k profit a month youll be able to attack real estate faster. But if you go the job route and only contribute from one income stream its gonna be slow, arduous, and painful.
online business is so damned easy to get into now that if you havent atleast looked into the different ways to get paid you're pouring jelly on yourself.
my partner and i are scouting multifamilies with intent to close on one by the end of the year (without touching our personal savings)
for folk that have low capital i'll start you off with an idea
Buy products from rebate sites
list them on Ebay full price
www.rebatekey.com
Get your shyt for $1
www.ebay.com
sell it $20
Figure out the math on shipping costs and eat. This also works with craigslist. Can be done with less than $100.
Buy products from rebate sites
list them on Ebay full price
www.rebatekey.com
Get your shyt for $1
www.ebay.com
sell it $20
Figure out the math on shipping costs and eat. This also works with craigslist. Can be done with less than $100.
Sunalmighty
Superstar
ive been stressing this to young people, especially young black folks. ALWAYS keep your credit right and put as much away as possible. you never know when an opportunity will present itself
sayyestothis
Free the guys
No will no children no wife...
It will go to next of kin legally. Not the state.
Siblings.
If not then parents.
If not then next of kin etc...
Im considering asking my gf to marry me but I don't want to leave money to her as her family is already affluent and my money won't go towards the black community or a good cause if I leave it to her. I feel charity if my best route
Sunalmighty
Superstar
why in the fukk are you even thinking about death at this point and who you are going to leave your dough too?? how old are you
Im late 20's, but I've had several close calls with deaths. I ride a motorcycle in a city where the people drive like crap, I lose 2-3 people I know in motorcycle crashes every year so I have to always make sure my affairs are in orders because you never know when your time can be up. I've seen friends die with no living will and their families fought over the money and it kinda broke those families apart. I worked hard to accumulate the little bit I have and I want to make sure it goes where I want it to go, no some family members pocket who will waste it.