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getting rich
05-20-2014, 05:43 AM
How many of you are on your way to becoming rich or are already there?
When I say rich I mean 100m+ in liquid assets. ie; never thinking about what something costs ever again.
Any aspiring oligarchs lurking in the shadows here?
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getting rich
05-20-2014, 07:11 AM
Very few I would imagine.
I am doing ok for myself but I have periods of extended game that really eats into my time and energy.
Most of the very, very rich people I know have had the same wife since they were at school and are 100% focussed on money.
It is impossible to reach those heights without that level of focus imho.
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getting rich
05-20-2014, 07:29 AM
The only legit reason IMO, for having so much money is so you don't have to worry about it. Focusing your whole life around money seems pointless and incredibly stupid
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getting rich
05-20-2014, 09:27 AM
This thread just might be the next "digital project management"
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getting rich
05-20-2014, 10:14 AM
Quote: (05-20-2014 08:59 AM)Gringuito Wrote:
Yes, it makes a very big difference in how women treat you. When they find out you are put in the beta-bux box immediately and strongly. It's funny how you could hookup with a girl before she knows. When she finds out suddenly she's a new virgin that never did that before and she shit tests like crazy to put you into her beta-provider model.
Cons:
- You're put into beta-provider roll unless you game very heavily. Then you're put into the rich playboy roll that many women don't like
- Tons of gold-diggers and bottle whores to deal with
- Many girls try to get you to bang them without condom. They're looking for the 18-21 year free ride
- You have to be worried about false rape accusations because they could extort tons of money from you
- Your public image has to be protected
I am nowhere near 100M+, but I am in my mid 20s making low-mid 6 figures in LA. I never tell ppl what I do, play it really mellow, because god-forbid I drop my job title and boom, girl acts prude or super slutty (both variant suck tbh).
I've pulled a decent amount of girls straight from the club (before they knew what I do) and the minute they get into my lexus LS460 the questions start coming. Do you have a GF? Are you a playboy? Do you do this every weekend? Where do you live? Blah blah blah.
@ 30k watch and the casual dress- Hahaha. Thats how my main Partner-in-Crime rolls, except w/650+ dollar sneakers. V-neck, jeans, balenciaga sneakers+ 15-30k watch. <---- odd mix but he rocks it well. Total contrast to me suited up, shirt blown up, with a contrasting pocket square.
On the flip-side because he is so casual, its hysterical when he compliments girls on their brand clothing that has no tags- "Nice rolex, nice "xxxx" brand. Fly Rich Girls get mindblown that a dude can see their "undercover brand".
WIA- For most of men, our time being masters of our own fate, kings in our own castles is short. Even those of us in the game will eventually succumb to ease of servitude rather than deal with the malaise of solitude
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getting rich
05-20-2014, 10:21 AM
@rustler working on some exciting prospects. Asking because I'm aiming at 50-100m liquid by the time I'm 30. Gonna be a fun ride
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getting rich
05-20-2014, 01:10 PM
I definitely think this thread could potentially become the new digital project management sort.
Gringuito, can you share with the rest of us what do you do? Do you invest in start ups or real estate?
I am no where rich but have the potential to have a nice fat income as I progress in my career and with my connections but I d like to hear whatever is the rich guys over here or the ones making some solid figures have to share with the rest of us.
thanks gringuito and to the OP
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getting rich
05-20-2014, 02:49 PM
I would say the goal is 10m and earn 5% on that money for life. That gives you 500k a year to do whatever you want, and for me personally, that'd be far more than enough.
"Money over bitches, nigga stick to the script." - Jay-Z
They gonna love me for my ambition.
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getting rich
05-20-2014, 03:59 PM
Thanks for sharing Gringuito it is impressive to see such successful guys sharing on the forum.
SENS Foundation - help stop age-related diseases
Quote: (05-19-2016 12:01 PM)Giovonny Wrote:
If I talk to 100 19 year old girls, at least one of them is getting fucked!
Quote:WestIndianArchie Wrote:
Am I reacting to her? No pussy, all problems
Or
Is she reacting to me? All pussy, no problems
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getting rich
05-20-2014, 04:03 PM
I like the thread topic. With such a small sample size, if you set the bar really high (at $100mm+) you are looking at a very small number of people. We are lucky to have one among us, but I assure you that your subset is now n=1. I think people often underestimate just how much money you need to make in order to get some serious liquidity. When people hear about someone pulling off a $100mm deal, they instantly think that the guy is worth $100mm or something close to it (or even half of that).
Let's break down a more realistic example:
- You pull off an "event" that results in $20mm in proceeds
- Next there are for sure going to be some closing costs (lawyers, bankers, accountants, etc.). Let's peg this at 10% costing $2mm. There is $18mm left.
- Next, the IRS bangs you for 40% costing $7.2mm.
- Depending on where you live, there is likely additional state/local/other taxes. Let's call this ~6% for now, costing $1mm. (yeah, not exact...but there are other costs that will get you here).
- There is now $9.8mm leftover.
- To get to a $20mm event, most people will have diluted their ownership. They either have a partner(s), they have raised capital, promised profits interests to employees, they have taken on some type of debt that is basically equity, you get the point. You have probably done a great job if you still have a full 50%. (and yes, props to those that keep 100% but this is difficult at this level). Let's set the retention at 50%.
Your final check that is wired into your account is now $4.9mm. But, we have to add the "jack ass tax" of, say, 25%. This costs you another $1.225mm before you stop being a jackass.
You now have $3.675mm in your account. You can now dust yourself off and go on to the next big thing. (I think the "hickies" I've put on the above transaction is actually pretty kind, this guy ends up stashing about 20 cents on the dollar)
Key take-away:
- If you are someone that has a goal liquidity number, you should plan on your "event" needing to be a good 5 or 6 times that number. I think this is fairly linear, so, if you are truly "planning" to have $100mm...you need to aim for something like a $600mm+ event. (kind of hard/rare)
I personally don't have "a number". Someone asked me what I'd do if all of a sudden I won the lottery and was worth $3BN. My response: First, I wouldn't want to make my money that way, but if I did...then I'd take a few months off and then go sit in a café in Buenos Aires, pull out a yellow pad, and scratch away until I had my next big adventure planned (armed with a HUGE war chest on this go round...which would make things really fun!)
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getting rich
05-20-2014, 06:54 PM
Gringuito's dropping some great knowledge here
Thanks
valhalla
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getting rich
05-21-2014, 12:22 AM
In case some of you missed it. Gringuito has a whole thread where he is killing it with his business advice:
http://www.rooshvforum.network/thread-33451.html
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getting rich
05-21-2014, 02:48 AM
Doing well. But not Ultra rich. Just chilling in Panama right now which makes me like a billionaire compared to the local population
but the women. So fine, like the smoothest chocolate after a 20 ounce steak.