Debt/Income ratio
They post on The Coli
Debt/Income ratio is a good one
investments also
What are REAL signs a person is doing well for themselves....
- Thread starter Silver Surfer
- Start date
Debt/Income ratio is a good one
investments also
But you automatically compared and contrasted his lifestyle to that of an NFL 2nd Stringer..
Why not a Nascar rookie or baseball player?
Look goya boy, I don't like your face.
I'm sure there are some baseball rookies balling out.
Though to be fair, the rookie base salary is 500k, and most don't make that since rookies only get it while they are in the majors. So on average they're getting like 2k a month at the upper levels of minor league ball.
Hardly a baller lifestyle, but touche.
They aren't trying to impress you.
Silver Surfer
Veteran
the cac mamba
Veteran
outta debt (not counting a mortgage)
warren buffett started investing when he was 11 years old. people that grow up wealthy are a different breed
threattonature
Veteran
I'm talking my company's former majority owner who I'm very close with. He sold the company and made millions in the deal on top of the company making millions in profit for years before the sell. He recently "splurged" and upgraded his vehicle to an expedition. Meanwhile some of the other co-owners immediately went nuts. One built a million dollar house with all kinds of extravagant features. And I've been to his house plenty of times and went to ball games with em. I've seen up close what kind of lifestyle he leads. He even made his kids take low paying menial jobs just to instill work ethic in them.No you don't.Everyone on the internet knows the same guy.
Working that close with dude changed my thoughts on spending reckless
threattonature
Veteran
This is the truth. That shyt they say about old money versus new money is dead on. People that know money and are good with it instill in their kids early on to save and to invest. Going to college with kids that grew up money I felt like an idiot at times. They were already talking about their stock portfolios and different types of accounts that they've opened. I'm trying to get my kids started early learning not to blow all of their money.
Not to disagree with you but, his thinking is different because he was the boss! If he failed everyone will fail so of course he would think twice about spending money, especially if his company was new for him meaning that was all he had. For workers, they feel they can always get another job or retire. A workers mind state is different from the owners. They think about retiring, an owner thinks about selling or growing their business. two different mind states.
Then when you are dealing with someone who invests, they think like people who love to spend money because they know they can always make money from investments. It's the easiest shyt to get money from. People who work on wall street spend money like crazy. Why do you think Manhattan got so expensive with the restaurants and nightclubs with bottle service? Them wall street mudeesuckers.
The point is it's not about being a millionaire but, how you got those millions.
not really. You don't need paper debt to be doing shytty. Drug dealers, casinos, prostitutes, strip clubs, bars and other frivolous shyt ain't getting reported to the credit bureau. Not even frivolous shyt. Car repairs, housing repairs, tuition, child support. taking care of a family, a parent.Debt/Income ratio is a good one
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Walter H White
All Star
He said millionaires, not billionaires....
They give back to others without expecting anything in return.