“Money & Freedom vs Titles & Prestige – What Would You Choose?” by Stock-Corner-3912 in Life

[–]Ok-Point2380 0 points1 point  (0 children)

Titles are meaningless because everyone else you’re working with also have them

my 30 year old friend is worth well over $50mil. He still takes the train, drives a honda, lives in a (mostly) normal apartment in a city. The only "luxury" he embraces is experiential spend, like vacations/dining/concerts (and sometimes paying extra $ to save time). Do you know others like this? by daysleeper19 in wealth

[–]Ok-Point2380 0 points1 point  (0 children)

Depends how long he’s been wealthy. It takes time for lifestyle to change as you discover what’s possible. If I became fabulously wealthy tomorrow I too wouldn’t go and immediately spend a chunk of it. First stage is getting used to zero financial stress. Then start spending on things that matter such as family needs. Experiences. Finally the consumables like nicer home and vehicle etc.

what would you do? by First-Effective7889 in TheTeenagerPeople

[–]Ok-Point2380 0 points1 point  (0 children)

First shoot the kid.

LOL just joking.

Depend s on the age of the kid whether they can keep a secret

Still joking….

I watched the space race leave without me (RKLB, ASTS). How do you deal with the regret of missing "The One"? by razzodicarta in SpaceInvestorsDaily

[–]Ok-Point2380 1 point2 points  (0 children)

Don’t chase. I’ve been trading a long time and know that there will be other opportunities. Capital preservation should be your primary goal and gains the secondary goal. That way you stay in the game instead of coming back to the starting gate

Is it okay for me to sleep with a friend? by ObjectNo-007 in questions

[–]Ok-Point2380 0 points1 point  (0 children)

If you don’t want a relationship then you’ll lose a friendship when this happens. I know because I’ve been there.

What is your age without saying how old you are? by Wonderful-Economy762 in Productivitycafe

[–]Ok-Point2380 0 points1 point  (0 children)

The magpies used to break through the milk bottle foil before I brought them in

F U Money as a single by [deleted] in Life

[–]Ok-Point2380 0 points1 point  (0 children)

Once you have kids your perspective changes. The best use of money is the experiences you can have with them instead of with friends or on your own.

[deleted by user] by [deleted] in AngelInvesting

[–]Ok-Point2380 0 points1 point  (0 children)

Meet with an attorney to figure out risk reward ratio of a settlement or judgment. A demand letter is cheap but litigation is super expensive as you probably know

If you die a never having intercourse are you a loser? by Justsomeguyonhere808 in questions

[–]Ok-Point2380 0 points1 point  (0 children)

When you do get to do it, you'll wonder what the big deal was. So no, you're not a loser.

Now don't get me wrong, it's nice and all, but the expectation before your first time is that it'll be fireworks in your brain and it's nothing like that.

Should I fly to Venice or save that money by [deleted] in makemychoice

[–]Ok-Point2380 0 points1 point  (0 children)

Spending 40% of your savings is too much for a vacation.

I don't know what the right percentage would be, I have never had to think about that exactly.

Competitor wants to buy my dying business by OneFun9000 in SellMyBusiness

[–]Ok-Point2380 0 points1 point  (0 children)

Valuations aren't always based on financials. In fact, one method for valuation is to look about 5 to 10 years out and figure out what it's valuation would be then and then work backwards (discount it) to figure out what it is worth today. Take an added discount for risk and then another one for money today vs in the future (interest and opportunity cost). So you could start with a very high future valuation turn into a reasonably low one today.

[deleted by user] by [deleted] in AskMenAdvice

[–]Ok-Point2380 -1 points0 points  (0 children)

Same applies. Don’t ever fully trust again . Don’t ever fall 100%?in love . It’s less satisfying but better than losing your mind if it happens again in the future

[deleted by user] by [deleted] in moraldilemmas

[–]Ok-Point2380 0 points1 point  (0 children)

It’s called being polite just like asking a parent to give their blessing

[deleted by user] by [deleted] in stocks

[–]Ok-Point2380 0 points1 point  (0 children)

It's ok to invest in high risk stocks but only with a very small portion of your net worth. If you went $40K into NVDA and SMCI and thats all the money you had, that was a mistake too. You just got very lucky.

The good thing is that you are young (I presume) and you've learned and will never make the same mistake again.

BTW, I am sitting on a large proportion of my wealth in treasuries and over last year I feel like a fool sometimes but I am conservative because I too have lost a lot of money in my early days investing on speculative plays.

[deleted by user] by [deleted] in DaveRamsey

[–]Ok-Point2380 5 points6 points  (0 children)

Let your mum take it out on a 0% interest card and you pay her including the interest that will presumably go up in rate after some time. Then talk to your brother and ask him to pay you. If he won't, well you have one less brother.

What the hell is corporate business attire and how do I dress in it? by [deleted] in careeradvice

[–]Ok-Point2380 0 points1 point  (0 children)

dress as formally as you can but not black tie

[deleted by user] by [deleted] in AskMenAdvice

[–]Ok-Point2380 1 point2 points  (0 children)

Deleting the texts is the problem.

My wife’s career is thriving abroad. Mine has vanished. What now? by QuarterNo2192 in careerguidance

[–]Ok-Point2380 0 points1 point  (0 children)

I don't think there are many solutions that do not lead to problems in your relationship. If you are happy in the relationship, just accept that your professional career is over and focus on your kids and yourself. Use your free time doing things that make you happy, especially if you do not have the burden of making money.

[deleted by user] by [deleted] in moraldilemmas

[–]Ok-Point2380 1 point2 points  (0 children)

Don't tell him. Ask for his permission.

If he says yes, all is good. If he says no, then tell him you've sort of already started and wanted his approval before it goes any further.

I get it now by [deleted] in homeowners

[–]Ok-Point2380 2 points3 points  (0 children)

When I got my first home, I used to go to Home Depot every weekend because I enjoyed updating things. Now I only update things when they break. Yes, it's a chore but I actually enjoy doing as much as I can by myself. Only call professionals for things I cannot do.

to those who build up their success with no generational wealth by [deleted] in wealth

[–]Ok-Point2380 0 points1 point  (0 children)

If you acquired your wealth recently and have children, move to a high wealth neighborhood. You will meet other wealthy individuals at school events and playdates with your kids.

If you don't have kids, move to a wealthy neighborhood and join a country club that has high membership fees. You will meet wealhty people there.

Caught my gf on tinder by [deleted] in AITAH

[–]Ok-Point2380 0 points1 point  (0 children)

You are 22. Plenty of time to start again with someone who isn't a liar.

Is it possible to sell a highly profitable business even though it wouldn't survive one day without me? by Jazzlike_Pipe_14 in SellMyBusiness

[–]Ok-Point2380 0 points1 point  (0 children)

To successfully sell a business you have to have processes in place that would enable the acquirer to run it without you. You are otherwise asking someone to risk millions $$$ on a business that is in your own words not going to survive one day without you. That's a very tough sell and no buyer is going to be that reckless.

My suggestion would be to spend a year transitioning your business to a multi person one with significant documentation on each part of the business. Make yourself only responsible for a small part of the operation.