Lord Jamar Disagrees with Vlad that anybody can flip 10K into a million dollars.

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read "the millionaire next door"..the avg millionaire moves a lot different than you would think. its about being frugal & having small goals for financial independence...

i would advise all young people to start investing asap. start small and even if you make a bad choice here & there, you'll learn a lot. i bought shares in discover cause i thought it was just a cheaper version of mastercard/visa, but they have a completely different business model & i can see why they're not profitable...buying jd (hyped as china's amazon) taught me about market makers & how prices get manipulated. with 10k i'd put most of that into safe stocks w/ dividends like
visa, waste management, msft & the rest into a massive growth stock like tencent.
 
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zerozero

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Lord Jamar is right, Vlad is getting out of touch... didn't Vlad get a $300,000 settlement from Rick Ross...?

It's very different to have a bunch of money in the bank and figure out how to flip part of it, than to be a working person with some extra cash...
 

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anyone can

plenty dont

cats get it flipped for them and still blow it all; ie, lottery winners
 

blizzard man

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Facts it's honestly how you move I know real estate is a good way but any other methods? Lets use this thread to drop some gems for those who don't sit around all day wishin :obama:


go check the forum for this breh, its got a lot of good info
 

ogc163

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Vlad been spouting alot of dumb shyt in terms of finance/economics lately, glad someone checked him on it. The biggest variable to becoming a millionaire is coming from wealth, because if you come from wealth you have a different level of access to capital,credit, and your downside risks is also not as great because your family can cover your losses.
 

Easy-E

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Vlad spitting that Coli nonsense.

EVERYBODY can be a millionnaire; you just need to hustle hard. :wow:

ACCESS to capital is the most important thing.

People spend too much time watching TV and focusing on those cinderella stories, instead of watching the big trends, the big picture.

capital-piketty.jpg

Most of these "hustle harder"ers don't read on economics

Most millionaires got it passed down

People lie and make it seem Bezos came up from a single mom when in reality his parents seeded him a couple hundred thousand to start Amazon
 

Gwoppo

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Not to mention if most ppl are living check to check and have no savings, they are going to have debt that they need to pay off/catch up on first.
 

Rembrandt

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People lie and make it seem Bezos came up from a single mom when in reality his parents seeded him a couple hundred thousand to start Amazon

why is everything about this wrong?

and why act like he didn't graduate with a 4.2 from Princeton with two degrees. He deserves his shyt and worked for it.
 
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