Poeple so scared of using there money to invest

Nice words

Thanks for the impulse

 

Fair enough - if they don't know what they are doing it's best they don't invest it

I learnt that the hard way

 

Surimaribo, i liked your post in general and giving you a green. Good luck.

 

That's all well and good when you're born into enough money to never have to work a real job, or never have to worry about how you're going to pay rent (not on a luxury house/apartment, but ANY PLACE to keep the cold out). Life's a lot easier when Daddy can take care of any financial trouble you get into.
I dont mean to spend more money that you have.
That's the kind of attitude that gets so many people who DON'T have money into trouble... They "act/dress/live" as if they were already making $500k/year, when they're really making $50k/year. They buy the luxury cars, they move into a house they can't afford, and they rack up more and more credit until they're overloaded.

I'm not saying don't have a goal, or don't believe that you have the ability to make assloads of money... But the "fake it until you make it" mentality, when it comes to spending more than you have in order to "live that lifestyle as if you're already there", is a HUGE trap.

Do yourself a favor,Just read Dan Pena's book everything you need to get succesfull you'll find there

 

Thanks for the green i wish everybody get succesfull.

 

Make up your mind...

 

I have a mindset and that mindset is freedom.
i am not working my ass out trying to get rich and then i die
A percentage of the money i make i invest in real estade a percentage i keep in my bank in case something happens and with the rest of the money i invest in my self,buy me some things ,clothes and whatever my wife wants.
money makes money i just know that the money i invest i make back in a certein time.and that time is important for me to know before i invest.

 

That is exactly how I will invest my money when I get a job (currently studying). Gonna put like 20% real estate, 5% savings and rest for bills, fun etc.

 

You have to speculate to accumulate i agree.

Just spend it wisely, the online world has many sharks especially if your new to the game. I find DP members are probably the most reliable bunch to invest on your online projects.

Caveat emptor "buyer beware"

 

I think you have to do both - diversify in order to catch opportunities while still keeping a secure nest egg somewhere.
50% in boring but secure investment
50% in more risky but potentially money-making stuff.
Of course these percentages will differ depending on your age or temperament, but it is a good idea to do both at the same time, in my view.

 

Who said anything about being born into money or never have to work a real job? Most people live with their parents until they are 18. Some live with their parents until they graduate from college. That's time that is well spent exploring opportunities. Once you are out on your own, it becomes more cost prohibitive to do so.

Actually, that is what you said in your initial post. You are contradicting yourself here.

That's the exact opposite of what you were saying in your initial post.

No thanks. If that's the book you read that is the foundation of what you have been saying, then I'll be sure to steer clear of it.

 

I've been on my own since i was 13 years old no father no mother just me in the cold.
i'm just proud to be selfmade.
lets say i just know how i spend my money and take risks

 

On your own and in the cold since you were 13? Interesting.

 

It will cost you money to start and maintain any business. Invest some in the business and spend some on yourself.

 

Oh my christ, you remind me so much of Landmark Forum, Millionaire Mind and the Secret all put together. If you have a dream, act on it. If you have the skill, the knowledge and the patience and especially the funds, don't pass up on your opportunity. Take an educated risk and you will find that you have lived up to your word.

 

yea just be smart with your money and definately spend it on things that will drive your business forward, do not be afraid to fail bc thats how success happens 95% of the time. millionaires should not try to live TOO lavishly at first, just keep at it! by that time though you will be smart enough to make the best decisions

great thread, to your success

mk

 

try taking 20 grand out of the bank and investing that into your business, then paying it off in two years. TRY IT!