Originally Posted by Mr Jordan04
A lot of people will still go broke. Tons of family and friends come out the woodwork. People get trapped in the lifestyle and don't think money is gonna end. Everybody always has these "great" ideas to invest, but some "great" ideas were just great on paper, not when you actually invested it and the venture went sour.
Every single person that has shared their idea/plan swears in the greatest idea ever and it's gonna be 1000% profitable
Originally Posted by Dmvbatman
Originally Posted by Mr Jordan04
A lot of people will still go broke. Tons of family and friends come out the woodwork. People get trapped in the lifestyle and don't think money is gonna end. Everybody always has these "great" ideas to invest, but some "great" ideas were just great on paper, not when you actually invested it and the venture went sour.
Every single person that has shared their idea/plan swears in the greatest idea ever and it's gonna be 1000% profitable
i understand that, but you just gotta say no
i think that's how alot of these rappers get caught up, they lend out all of that money to so called "people in need" and wind up having to keep up with that music thing, they can't stop on album number whatever because if they stop now they know in a few years they'd have to sell that big mansion that they're in and sell them luxurious cars that they be cashing out on also.
yeah most of them just love the thought of making money, but alot of them can't quit either, like I said, their expensive lifestyle won't let them. Not to many rappers I know in the mainstream that can stop today and live off of whatever they have in their bank account for the rest of their lives, they're too used to spending money on high priced stuff.
once you get a taste of that big spending, I'm guessing that it's not just easy to say you're going to stop tomorrow.
AGREE W/ YOU 100%Originally Posted by Donny Walker Blaq
Originally Posted by ricky409
Originally Posted by Donny Walker Blaq
Sure. Just make some sound investments.
-Take half of it and hire an awesome property manager then set up an affordable housing llc that rents property to low-income or poor people
-Flip 2-5 houses a year (find a wealthy partner to limit the risk)
-Don't by stocks & bonds until your properties start generating income
- if you have the stomach for it. invest in a nationally recognized franchise and hire a general manger that has worked in the industry their entire career. then you shut up and stay out of their way unless they are blatantly making things worse
- try to find a partner to go half with you on the franchise
dude you can do all of that with 5 mill and let the rest chill because liquid cash is king. the income that is generated from your investments will have you popping tags everyday.... if that's what u want to do
fambs.... everything you said wasuntil liquid cash being king.
i think that money should be turned into something else, because the value of the dollar continues to go down...
maybe some bars of gold... then, whenever you spend up one bar, go and sell another one.
other than that...
i'm with you all the way
*glass clink*
I understand your reasoning homie. Pesonally I wouldn't buy gold bars but to each its own
I could've worded that last statement better tho
The reason I would keep five mill in liquid cash is to ensure I have money to take advantage of great deals I come across: houses, cars, electronics, etc
You ever tried to nagotiate with someone on a price for shoes, clothes, cars, electronics, etc?
once you get them down to a reasonable price they are gonna want that cash money immediately. No cards(unless debit), No gold, they want cash playboy.
Having cash allows you to get steals not deals..... steals>>>deals. imho
Originally Posted by KillTheHype
Originally Posted by Dmvbatman
Originally Posted by Mr Jordan04
A lot of people will still go broke. Tons of family and friends come out the woodwork. People get trapped in the lifestyle and don't think money is gonna end. Everybody always has these "great" ideas to invest, but some "great" ideas were just great on paper, not when you actually invested it and the venture went sour.
Every single person that has shared their idea/plan swears in the greatest idea ever and it's gonna be 1000% profitable
i understand that, but you just gotta say no
i think that's how alot of these rappers get caught up, they lend out all of that money to so called "people in need" and wind up having to keep up with that music thing, they can't stop on album number whatever because if they stop now they know in a few years they'd have to sell that big mansion that they're in and sell them luxurious cars that they be cashing out on also.
yeah most of them just love the thought of making money, but alot of them can't quit either, like I said, their expensive lifestyle won't let them. Not to many rappers I know in the mainstream that can stop today and live off of whatever they have in their bank account for the rest of their lives, they're too used to spending money on high priced stuff.
once you get a taste of that big spending, I'm guessing that it's not just easy to say you're going to stop tomorrow.
Money changes everyone who is around it and the people with it. It sucks. When my dad played for the rangers his contract was at 100,000 a year.
Now the idiot lives in a small apartment coaching football. It taught me a lot though. I've always been careful with my money.
Originally Posted by Dmvbatman
Originally Posted by KillTheHype
Originally Posted by Dmvbatman
Originally Posted by Mr Jordan04
A lot of people will still go broke. Tons of family and friends come out the woodwork. People get trapped in the lifestyle and don't think money is gonna end. Everybody always has these "great" ideas to invest, but some "great" ideas were just great on paper, not when you actually invested it and the venture went sour.
Every single person that has shared their idea/plan swears in the greatest idea ever and it's gonna be 1000% profitable
i understand that, but you just gotta say no
i think that's how alot of these rappers get caught up, they lend out all of that money to so called "people in need" and wind up having to keep up with that music thing, they can't stop on album number whatever because if they stop now they know in a few years they'd have to sell that big mansion that they're in and sell them luxurious cars that they be cashing out on also.
yeah most of them just love the thought of making money, but alot of them can't quit either, like I said, their expensive lifestyle won't let them. Not to many rappers I know in the mainstream that can stop today and live off of whatever they have in their bank account for the rest of their lives, they're too used to spending money on high priced stuff.
once you get a taste of that big spending, I'm guessing that it's not just easy to say you're going to stop tomorrow.
Money changes everyone who is around it and the people with it. It sucks. When my dad played for the rangers his contract was at 100,000 a year.
Now the idiot lives in a small apartment coaching football. It taught me a lot though. I've always been careful with my money.
why you call your father an idiot though? that's not cool.
No.
Given the mind-set of most $1-million-aint-even-that-much-these-days-NTers, that's not too far-fetched.
I think it also depends on situation/what type of people get the money. Of course some idiots would blow it, but at the same time some would be smart. Just all depends. I personally would never go broke off of $100 million, but to each his own.
