Grant Cardone is a shysterShould have listen to grant cardone and invested in multi family homes or 16+ unit rentals.
When you have that kind of money it should be impossible to go broke.
T Pain Blows Through 40 Million
- Thread starter Big Boss
- Start date
T-Pain definitely blew a lot of his money on dumb shyt but the bigger issue is people think investing is some sexy thing when it’s not. They hear some story about a real estate flipper blowing up, or some angel investor that caught a lick on a startup going public and think they can do that too because they got money. Hell even stocks even. nikkas think they can toss some bread in some weed stock and be cool. Then they go broke and wonder why.
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True safe investment are not sexy. Mutual funds, REIT’s, bonds and dividend paying blue chip stocks are slow. They earn regular interest and take a lot of time to grow. That’s why most people ignore them. The other side to is he didn’t need to invest because he already had the bread investors dream to make.
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True safe investment are not sexy. Mutual funds, REIT’s, bonds and dividend paying blue chip stocks are slow. They earn regular interest and take a lot of time to grow. That’s why most people ignore them. The other side to is he didn’t need to invest because he already had the bread investors dream to make.
You Win Perfect
bow down
Easy to say when you don’t have the money. When your friends and family find out your rich. When you wanna have nice cars and houses in and out the country. You wanna have big parties with bytches running around every weekend.
When money is no issue it’s easy to spend it all.
there have been lottery winners that have gon broke. So you won’t know until you have it.
There’s also a lot smart dumb dudes that thing they can blindly invest in shyt that sounds nice
oh word? you've heard other celebs candidly say they've had to borrow money to get a burger before?
post that interview
UberEatsDriver
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Yup people will always rent and start businesses
Eternally Jaded
Superstar
Exactly. Nikkas saying they wouldn't know how to blow $40 millie are either boring or unimaginative. Or just lying.
I could blow through 40 million in a weekend.
Matter of fact, an hour.
I could also solidify my earnings, it'd take a week of meetings and perusals.
As someone who had a tiny pot and blew it, the lesson was brutal but the upside is real.
Eternally Jaded
Superstar
No it wouldn't.
You get that rich, that much money in your account/accounts you'd start getting catalogs from businesses you never even heard of.
All the data that's out there, businesses will be beating down your door.
Exclusive businesses at that.
JamesEdition.com First Luxury Marketplace: Cars, homes & more
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Field Marshall Bradley
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I look at these rappers and singers and it's the same thing, man. Outside of Drake/Cole/Kendrick, just about all these dudes are going to be broke and desperate in a few years. They're burning money faster than they're bringing it in, and if they're investing it's in dumb shyt. And nobody is helping them. Not family, not friends, and CERTAINLY not the label. There's less money in music rn than there was when T-Pain started winning, so imagine how much harder these current dudes are gonna crash...
The great thing about rap/singer/sports money is you get a lot in lump sums (assuming you're successful). All these dudes gotta do is do the most basic investments and they'll be set for life. He says he had 40mil in the bank at one point. Nevermind that the FDIC only guarantees $250k lmao. See why that's stupid?
Put half that into an index fund and leave it alone. By the time you're not hot anymore as an artist or retire as an athlete, you'll be set for life (assuming you aren't stupid). If you want to invest in real estate, focus on rental properties. "Flipping houses" is all the rage but that shyt is hit or miss, and the market gets wiped out by recessions. You know what stays firm? Rental properties. You buy a duplex or 4 room place, hire someone to manage it (ie collect rent, handle repairs, etc) and you're good. The money won't be insane...but it's steady cash flow...which is what you should want. Once you got that shyt locked in and figure everything out...buy another. Then another. Keep going until you feel like you're at a good amount.
I know a dude who just sold all his rental properties within the last couple years. Older black dude...at one point he had nearly 30 rental properties. The hassle was too much for him, since he did everything himself (including repairs) instead of hiring out. He's a quiet millionaire. Imagine if you started doing that in your 20s or 30s, before "retiring" in your late 60s like he did. Insane money...
You have understanding of finances though. These dudes don’t even have that. Most never attended college and probably don’t even have high school diplomas. Also a lot of it has to do with upbringing. Parents teaching financial literacy, etc. A kid who has a parent that’s an accountant will likely go further than a kid who has a waiter as a parent.
These stories baffle me. How dumb can people be?
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Logic Is Absent Wherever Hate Is Present
Sheesh!!!
Bumblebreh
Collecting honey and money
$90k for a simple radiator is fukking ridiculous!!!
Not if you are driving a 1.5 million dollar car.90k is pocket change to people who can actually afford to own hypercars.
A college degree isn’t necessary to have a basic understanding of personal finances. I have an uncle that didn’t even finish high school but was lucky enough to get a decent paying union factory gig. He was very frugal and put excess saving in low risk investments and now he is very comfortable in retirement. A lot of this shyt is common sense.
reserved_one
#Ambivertgang
It has to be real painful to lose a that money...to the point I may consider committing that lol
