whats everyone’s goals? back in the day, all i wanted was to do was suck down on piña coladas in a hot tub with six girls named Amber and Tiffany. and well lol nothing’s changed!
i was lookin at previous clubs i used to go on yelp for the photos. and my goodnesss everytime i see a dime in a skirt im like i want to grope. is this just me? or does everyone get this urge?
now youre thinking what a weirdo! why are you looking up photos. well i was there this past weekend and my gf accused me of eye fucking other girls. i was, havent been to a club in a good minute and i used to turn up twice a week! anyways how can i stop. lol
also all this talk about 1m or 5m not enough is quite silly.
in my home country, all you need is 120k to retire. thats the median. so thats my base case!
Well, that is the same principle, although I would probably adjust some assumptions from your base case. When you plan out your life like that, you need to be aware of lower percentile outcomes. 10% might be your expected outcome, but are you prepared for the 30% scenario where you might earn less than 5% over the next few years, or even nothing? What if a financial crisis were to happen and you lose 30% in one year? If you have a job, you have extra safety nets. If you’re retired, one time events like this can have severe effects on your financial security and standard of living. For this reason, most financial advice assumes the “4% rule”, which I find to be pretty reasonable.
Also, are you really going to move to the Philippines? Life changes a lot, and sometimes, actions like that become infeasible. The materialistic differences might also bother you. You’re not going to drive Mercedes under that budget. You won’t have a lot of other amenities that US people take for granted. Plus, when you have $800k, why not try to get $1 million (2-3 years more)? And then, why not $1.5 million? It’s a perpetuating issue. I recall you saying you’d retire with $500k at some point.
I am financially independent. Left the job many years back, millions in the market. Had worked a job for over 10 years, then immediately lived in 16 countries over the next 4 years for fun. Problem was, at that time, I had no challenges or ambitions that couldn’t be immediately satisfied. For 10 years the goal was to amass huge amounts of wealth and then travel and enjoy life. And I was doing that with my hot wife and wonderful family. But having achieved everything that I desired, my life had no purpose or drive. Had no more objective in my life.
I’ve found my goals are pretty similar to most. Put my kids through college without going broke, and save enough to retire at 59 1/2 so my wife and I can travel in style and do pretty much whatever.
I have no desire to work forever or climb the corporate ladder. I’m cool with where I’m at. Just need to stay employed and wait…for a long time.
Goal is passive $500k gross annually with relative certainty (i.e. not stock investing). If I start to hate my current enterprise, then I’ll adjust my goal accordingly.
No, it’s just a goal based on possible outcomes. I’m basically in the midst of a thing that will hopefully wrap up in a few years and it would not make sense to leave in the middle. If I want to become a park ranger then I’ll adjust my goal.
i know its kinda weird, but i am looking forward to a market crash. 1. to test myself, 2. to test my stocks 3. and to test my contacts. the latter being the most important. i do not intend to leave the us without a market crash. the market crash will bring clarity on where i stand.
the 800k has the 30% margin of safety applied. if markets crash 30% thats 560k. also i dont have to spend 56k, i can spend substantially less than that, like 20k min. 30k expected. i want my net worth to grow like 50k per year. so on the 2nd year i want to have 850k, 3rd year at 900k. if i do not, i can only spend 20k per year, if i am above, i can spend more money.
lol its been my goal to move back since i moved here. i am dead serious. the last time i visited was when i was 17. partied a lot like first time i went to stripclub. its cheaper, i have more relatives, and i’ll make a larger impact than i would in the us.
I strongly disagree. I’m at the top of my area unless I want to go into management. Sure, I could (attempt) to go that route. Play the corporate politics game, become a “corporate man,” attend endless asinine meetings and have Sr/Exec mgmt all over my ass all the time. Keep grinding away until I’m in a sr leadership role, which as far as I can tell, sucks.
But then my work/life balance begins to suck and I’d hate my job. For what, boat money? I live in the midwest. I can afford a nice pontoon boat already.
Did I say that you should pursue more money at the cost of lifestyle? No, I said having more money is better. If you won the lottery, would you burn the proceeds? If the money comes at a cost to lifestyle, then you might choose the better lifestyle, but you would have chosen the lifestyle; you didn’t choose to not have more money.
So with this brainwash guy, looks like he has an opportunity to make $500k and he is willing to commit to the work. That’s great. Why would he not do it, if he didn’t have anything else to do?
i mean at some point too much money is pointless. and it grows exponentially. look at buffett, he racked $100b only to give 99% away. lives in same house, lives frugally. i admire that.
but for me its very different. to me right now, money is everything because i have very little. but at some point, that wont be the case. i think 800k is my number. i can easily grow that to millions and still turn up till i die.
for me right now. turning up is all i care about. maybe in a few years i will care about a family. maybe i will care about poor people or cancer. what i am saying is everyone is different. you dont work because you have nothing better to do. like if you have money, you would think its pointless and beneath you, the way some of my friends do.
Right, but Buffet would not have the status he does without that $100b. It’s interesting, if you’ve ever spent time with certain ultra wealthy people it becomes very much about keeping up with the other elites. Not for money, but for status. I know that sounds weird, but there is some truth to the below clip. Kind of sick.
Semantics, perhaps, but I was taking issue with your comment, “why wouldn’t you make more money if you could?”
I suppose my “strongly disagreeing” opening remark wasn’t warranted, but I was simply answering your question. I could make more money, but I really don’t want the hassle.
lol aight one of my friends his fam is worth like 50m. this nigga straight up gave 100 bukcs to these jersey chicks we picked up at xs to gamble. it was the weirdest fucking thing. but its baller as fuck.
whats more baller is he spent 13k that night and 7k the night prior. and what did i do to show him gratitutde. we picked up his breakfast tab lol. split with 3 others
^You know what’s baller? One of my wealthier buddies - think in the hundreds of millions - doesn’t ever overtly flaunt it. The closest he comes is when he picks up the check when a lot of us are out, normally by slipping the waitress his credit card on his way to the restroom so we don’t know dinner was free until the bill never arrives. Buying drinks for everyone at a bar but not telling anyone he does it. He just wants to see people have fun. Or, during his bachelor party, going to check out of one of the nicest pads in Vail only to find he paid for all the rooms.
It’s very similar, in my mind at least, to those that talk about how much charity work they do or how much they donate vs those that do it and never discuss it. One group is generally made up of as s holes, and the other are good people.
Nery bro, I love you bro but you need to get out of this ghetto mental gymnastics pattern and play the real game dawg. Stop trying to evade taxes and be more clever than everyone else and just go for that big money. Sure one day you might catch up to your 1m friend but then you’ll find yourself at the next level, and so on. You aren’t retiring to but-fk-poor philippines get real. You’re playing a game everyone society has already evolved out of to the point that it’s backwards. Top tier folks have already figured out the next level and you’re reinventing the old wheel. Eyes on the real scoreboard bro
no offense taken good sir and i appreciate feedback! but im not trying to be innovative, just simply trying to get mine!
im not the type to keep up with the kardashains. im content with having a lifestyle in the top 1% in the world, or top 10% in the us. the money that i save for this purpose is simply to maintain that lifestyle forever and exceed the growth of inflation. as for big money, i have plans, just not yet. the best time to buy is when there is blood in the streets. when that happens, i intend to lever through my contacts… i’ll look like a genius, make them a fuckton of money, and earn their trust/future assets for life. as for goals, i’ll very easily hit 1m within a decade, maybe 5 years barring a receesion. 10m i’ll hit within this lifetime. but 100m is prolly a no, just because at that point its too excessive i will prolly distribute it to family around the 20m mark. whenever the estate tax kicks in. lol now this is really going to sound retarded and i almost hate to admit it. but my dream goal is to be a politician in the Philippines. i have relatives who are in it. some made rich by it, others who are already rich and just want to make it a better place. and others who were literally born to it.