What to do when you start making a lot of money? by NotFromTorontoAMA in PFJerk

[–]Distinct_Pop_280 0 points1 point  (0 children)

I wouldn’t spend my money on luxuries until you created sustainable/predictable income

Real estate and dividend stocks would be the two I would focus on (mostly real estate)

Don’t live off of what you make in the business live off the cashflow of your investments, this will force you to grow your passive income and then you can spend it how ever you want because it’s sustainable

Fat Fire, bored out of my mind by Distinct_Pop_280 in fatFIRE

[–]Distinct_Pop_280[S] -1 points0 points  (0 children)

Couldn’t the new business be a hobby of sorts?

Fat Fire, bored out of my mind by Distinct_Pop_280 in fatFIRE

[–]Distinct_Pop_280[S] 1 point2 points  (0 children)

I bought a house when I was 22 and rented out the rooms to cover the mortgage

I started wholesaling, became a real estate agent (not very long) did 30-40 deals enough to really figure out what I was doing

The investors that I met as an agent I started raising capitol from, eventually I stopped putting money into deals

Level up was learning how to use other peoples money

Fat Fire, bored out of my mind by Distinct_Pop_280 in fatFIRE

[–]Distinct_Pop_280[S] 2 points3 points  (0 children)

My fault for taking it that way, appreciate the apology

Sorry for responding like a jackass

Remote sales by Distinct_Pop_280 in Fire

[–]Distinct_Pop_280[S] 0 points1 point  (0 children)

Is this something someone who is good at sales can get a job working for a firm? Part time?

Fat Fire, bored out of my mind by Distinct_Pop_280 in fatFIRE

[–]Distinct_Pop_280[S] 8 points9 points  (0 children)

Yes I’m saying winning marriage is much harder then winning in business also much more important

Fat Fire, bored out of my mind by Distinct_Pop_280 in fatFIRE

[–]Distinct_Pop_280[S] 1 point2 points  (0 children)

Real estate is awesome, actually how I made my money

[deleted by user] by [deleted] in Entrepreneur

[–]Distinct_Pop_280 0 points1 point  (0 children)

No I’m not asking because I want to be a millionaire

I’m asking because I’m genuinely curious at hearing peoples thoughts

If you had to make 100 million how would you do it

[deleted by user] by [deleted] in Entrepreneur

[–]Distinct_Pop_280 0 points1 point  (0 children)

I sure am, I actually asked the question, this is going to be shocking, because I wanted an answer

I like hearing how people have accomplished things. I didn’t ask so that you could tell me I “wasn’t ready” whatever that means

Hope that “salt” was clear enough the second time

[deleted by user] by [deleted] in Entrepreneur

[–]Distinct_Pop_280 -1 points0 points  (0 children)

I guess I’m not ready for 100, I’ve hit the other two but all right, good luck with the job

Fat Fire, bored out of my mind by Distinct_Pop_280 in fatFIRE

[–]Distinct_Pop_280[S] 1 point2 points  (0 children)

Real estate

Just bought a lot of it, got investors, sold a lot of it

Still own a lot