This "Coli" thread proves why capatilism will never work.

[Thanos]

It's not so much the amount of money that's gained. It is more how one spends/invest it. 2m is better than 4k a week especially if you are smart about it.

As for capitalism, this doesn't say anything about it.

 

[Pressure]

They chose security over wealth generation. At what point do they
take personal accountability for their own choices ?

The system works... you can use that 200 mill to hire these 12 mill folks
to generate more 9 figure somes

While you kick back and lobby for lower taxes with the politicians they elect

:youmadpeon:

 

[Camile.Bidan]

Act like ANYONE is going to take a 2 million, put it all away and magically make an 8 percent return year over year, while never touching a penny of the money. All to cash out when you're 80 and on your deathbed

TLDR: OP is a fukking moron

Really? The average long term market return rate has remained nearly unchanged.

The 2 million club could spend moderate amounts of the money and have a huge stack within only 15-20 years.

 

[Sukairain]

I remember reading about this psychology experiment back in the 70s, where the researchers left children alone in a room with a marshmallow or candy of their choice, and told each kid if they waited 10 minutes they would get two pieces of candy.

The majority of kids ate the candy before the time ran out. Some ate it as soon as the researchers left the room, others tried to wait but gave in to temptation before the time ran out.

Follow up studies found that those kids who were successfully able to defer their gratification for long enough to get a bigger reward, found much greater financial and career success.

I saw that thread and it instantly reminded me of this experiment, do you go for the quick instant gratification, or do you wait for a bigger future reward?

4 grand a week is crazy money, I'd be making more than my entire family combined just from that weekly stipend and I'm an unemployed student. I could get whatever I wanted in my life right now and still be saving 150 grand in my first year, and that's if I live lavish. Wait another year and I'd have enough in the bank to buy a couple of properties, from then on, I would be set for life financially. The rent I'd clock, plus the 4 stacks coming in plus salary from whatever job I wind up in will have me set for life financially, no matter what happens with inflation or deflation or what the fukk. And that frees me up to pursue what I really want to do in my life. I'm not materialistic. I don't care about money like that. What I'm going to do with $202mn?? I just want enough so I can live comfortably. That's the big future reward for me, freedom to pursue what I really want to do.

 

[N.J.stan]

Really? The average long term market return rate has remained nearly unchanged.

The 2 million club could spend moderate amounts of the money and have a huge stack within only 15-20 years.

That wasn't the point you made but feel free to move the goal posts

 

[blotter]

Who saying that anyone has to scheme about money all day?

By simply putting the money aside or spending a moderate amount of it, the 25% will have amassed huge amounts wealth with inaction.

But this conscientious mindset helps people be successful in any endeavor. I have watched documentaries about Bodybuilders. One thing that I noticed is that they have extreme discipline that flows to other facets of their lives. I notice that they will always wash the dishes immediately following any meal preparation. They can follow consistent routines and regimes for years on end.

Chris Jones mentioned once that he hadn't even spent money that he made 5 years ago. Chris Jones seems to be doing quite well for himself. I am sure that Chris Jones isn't some money genius or a even an extreme miser. He is just a disciplined guy who obviously can reduce current consumption for future gains, whether those gains are financial or muscular.

It's conscientious that win in the end.

do you not see what conscientiousness implies how that is at odds with capitalism and orientating your existence towards future gains

 

[Robbie3000]

Most people don't have the discipline to sit on 2,000,000 for 60 years. Most people would rather be guaranteed 16K a month for life.

 

[Cynic]

because it's smart safe, guaranteed money. Don't have to worry about another depression taking your investments away.

plus, someone being smart with that 4K can easily flip that to millions, by buying property....a much safer investment, just in the first year.

use the banks money to invest, and not yours. why do you think millionnaire stay rich?

Someone "smart" can flip 2 mill into 40 using the banks/private money too...

 

[Maschine_Man]

you could also get hit by a car and die next month. anyone who didnt take the 2 mil is a fukkin herb

YOU didn't read the premise of that thread.

"Assume that you're guaranteed to live for another 25 years minimum"

 

[Maschine_Man]

This makes no sense. . There is no safety in life. It would take you 10 years to reach 2 mill at 4k a week. ANYTHING can happen to you in that time. You can't even buy a house cash without having to save for it. You can buy a decent home anywhere in the US with much less than 2 mill. No mortgage means you skip out on all the interest payments over the 30 years. You could buy a home, invest (I would flip homes, since it's what i know), and you can make money on top of that 2 mil. Not easily but it's certainly attainable.

Come on smh.

Sorry, but if you taking that 2 mil and paying of your house then you are already telling me you don't know how to manage your money.

also, at 16K/month you would be able to put a down payment on a house EVERY month and buy a new 200K house(at 5%)

at the end of one year you could be sitting on 2.4 mil in rental properties.

 

[the cac mamba]

YOU didn't read the premise of that thread.

"Assume that you're guaranteed to live for another 25 years minimum"

you're right, i didnt catch that

doesnt change my mind at all though :jaymad:

 

[Meta Reign]

Sorry, but if you taking that 2 mil and paying of your house then you are already telling me you don't know how to manage your money.

also, at 16K/month you would be able to put a down payment on a house EVERY month and buy a new 200K house(at 5%)

at the end of one year you could be sitting on 2.4 mil in rental properties.

Breh, i was talking in terms of safety. . . Since that seemed to be your concern (You can still purchase a home under market value cash, remodel and live in a home with equity, but we'll leave that alone for now). Now since you're talking as an investor. . . You're still not doing it right.

You STILL take the 2 mill upfront if you're about that investment life. . . 16k a month for a down payment on a house still puts you on the hook for a mortgage, plus you would still need to maintain each of those homes with your 16k a month. . . Ever been a landlord. . . I have. It ain't easy, breh.

The 2 mill upfront can get you into many things. Small businesses, real estate, stocks, bonds etc. . . ALL AT ONCE.

This isn't even an argument.

 

[acri1]

A couple of bad investments and that 2 million is gone. There's a reason something like 70% of lotto winners end up broke within a couple years.

I might be the only person in this thread to admit it, but I'm not a financial genius and as somebody who got out of college during the recession, I don't have much appetite for risk. I'd take the 4k a week and not have to worry about working for the rest of my life.

 

[Meta Reign]

A couple of bad investments and that 2 million is gone. There's a reason something like 70% of lotto winners end up broke within a couple years.

I might be the only person in this thread to admit it, but I'm not a financial genius and as somebody who got out of college during the recession, I don't have much appetite for risk. I'd take the 4k a week and not have to worry about working for the rest of my life.

I'm not genius either. I have plenty of experience with real estate and I've made decent money from it. I'll even admit that I'm not very disciplined with money. . . That said. . . It's STILL smarter to attempt to do your best with the 2 mil upfront.

It's so much smarter. You could franchise a fast food chain with 1 mil and STILL make more off of that than 16k a month. . . AND STILL have a 1 mil.

This isn't that hard a choice.

 

[Maschine_Man]

you're right, i didnt catch that

doesnt change my mind at all though :jaymad:

different strokes....

Breh, i was talking in terms of safety. . . Since that seemed to be your concern (You can still purchase a home under market value cash, remodel and live in a home with equity, but we'll leave that alone for now). Now since you're talking as an investor. . . You're still not doing it right.

You STILL take the 2 mill upfront if you're about that investment life. . . 16k a month for a down payment on a house still puts you on the hook for a mortgage, plus you would still need to maintain each of those homes with your 16k a month. . . Ever been a landlord. . . I have. It ain't easy, breh.

The 2 mill upfront can get you into many things. Small businesses, real estate, stocks, bonds etc. . . ALL AT ONCE.

This isn't even an argument.

in terms of safety...and risk. the 4k/week is the better bet. KNOWING that you are set for life no matter what happens allows you to take a bigger risk on an investment. if you throw 50K(or whatever) at a crazy high payoff return but it fell flat it don't matter...cuz next month you gonna have 16K again. and so on.

also, 4K a week is AFTER tax. any investment you make off that 2 million will be taxed, which will take away from your gains.

also, having a mortgage on a house is better than paying it off.

and every investment property you have is going to generate it's own income. all your renter's will be paying your mortgage for you, and should still give you a little bit of money to save away to put back in to the house for upkeep, etc.


using the bank's money to make money>>>using your own.