Post: #101

If you guys want a higher interest rate on your money then open up a foreign bank account at your bank. Most big banks will allow you to do this. Then you don't have to wire money away.

As always don't put your eggs all in one basket. Countries that pay higher interest rates do so to attract foreign capital. The reason the rate is so high is because obviously the risk associated with the currency.

So for example what I would recommend for you guys is stick $50,000 into the icelandic krona. The current rate there is 5.75% I believe. Also there currency seems to be on the recovery and will most likely appreciate because they didn't give into banker demands. I would also shove $50,000 into the Brazilian real. There interest rate sits at 7.25%. So the blended rate for the 2 countries is 6.5%. Keep going along and invest the money into other countries in $50,000 chunks and try to keep the average rate around 6.5%.

Now the kicker is you need to watch what is going on in other countries. If the currency begins to move down significantly you need to move the money into one of your other accounts. Also you will want to travel to countries where your basket of currencies is appreciating against it. So you won't be visiting the swiss or perhaps anywhere that uses the EURO. But most likely you can still visit most of asia, (especially vietnam) and central and south america.

Post: #102

Well. If I was to have 500k. A lot of things is going to be different. Financial aid is going to say “WELL FUCK YOU YOU RICH FAGGOT, YOU PAY FOR YOUR OWN EDUCATION.” So the first thing I’m going to do is…

Finish current semester, then drop out of college.

No way can you have fun with 500k if you have a test the next day. 500K is a gift, and you do not piss on gifts.


10% Savings/Investing/Business/Whatever.
The reason why I'm putting this at 10% is because I'll save a little bit of money.
• Internet Marketing: Money off Internet Marketing is the way to go. I’d just create a product and have it so that affiliate marketers can go out and advertise it. This would lead into a good amount of sales and quick money daily. I’m talking about 500 or more a day. So now I’m 500k, but with passive income. If anything becomes too complicated, I’d just hire someone good at SEO or something to help me out.
• IRA'S: Put a couple K’s into ROTH IRAS. So then my manster will be justified when I waste money on Ciroq.

70% Lifestyle
It's at 70% because Lifestyle relates to too many things in Manosphere talk. Good lifestyle helps game, bad lifestyles can hurt it.
• Style: Man, the guy from masculine style would still be my stylist. He helps you dress so you can get laid. I like getting laid. My outfits would have no limit. But not on no Kanye bullshit. Just a mixture of what you guys say about style (v-necks, custom suits..etc) and some streetwear.
• Game/Education: Since I’m dropping out of college, Game would be one of the main things in life that I’d actively pursue.

Are you a RVF member with good game and you want to help me fuck college bitches and fuck college bitches as well? Come on! With 500k, I could pay for you to fly over here and help me learn some daygame, nightgame all that. While this is happening we’re both getting laid.
• Where would I live?: At my college, there are houses that are off campus that I can rent out per semester. I’d make a few friends/RVF members as roommates and we’d just throw parties whenever. Having a house with college people/players makes costs for alcohol and other things cheaper.
• Fitness/Health: Continue getting big. I’d still be within walking distance from the college gym so no need to pay for it now. I’d have enough money to buy whatever health stuff we talk about (ACV, Zinc, etc). So I’d be healthy.
• Job: Work anywhere part time. I can practice game there while also getting pocket money to handle my small expenses. (alcohol handles, other bad things, gas, condoms, food)

%20 Projects
Projects for me is about 20% because if executed right, it would be cool. And life should always be cool. Because if you don't do cool things you have nothing cool to talk about. And that's not cool.
• Rapping: I’m pretty good at rapping so far. I Here With this money, I could advertise myself to the point that I am at a mainstream rap level. Would you guys bump my raps if I was signed to Young Money?
• College Traveling: It’s similar to what players on the forum do. But instead of traveling to other countries to bang chicks, I would go to other colleges to bang chicks and write about it.
• E-fame: I unno, make a few memes and such. Get a little e-fame. Have e-whores write my name on their butt. Sounds like a good idea to me.

By the end of 4 years, I'd be a senior in Game.

Post: #103

Guys $500k is not that much today. Factor in the coming inflation especially on food, energy, healthcare, etc. and it's even less. It is NOT enough for a young person to live and retire on. Yeah ok it's enough to generate enough to get by on in another country, but if you have 50 more years life expectancy and rising costs $500k is not a sufficient "nest egg".

Post: #104

(10-24-2012 12:56 PM)el mechanico Wrote:  

(10-24-2012 12:47 PM)Moma Wrote:  

(10-24-2012 11:38 AM)MikeCF Wrote:  Invest in a diversified portfolio seeking 6-8% returns. That's 30-40K a year.

Get a part-time job at Whole Foods or bartend. That gives extra cash and access to women.

Between the job and the dividends, I'd have plenty of cash and plenty of hos.

why a part time job at Whole foods?

Grocery store lots of ass and easy. It would be way easier to buy and sell cars from auction to auction with that kind of backing. When you have 100+ k you can buy 40k cars and make a couple grand a piece no problems and you don't have to touch them.

You generally get a better ROI on 10-15K cars.

Example- One can spend 80K and buy two 40K cars and flip them for 4grand total profit.

Or, you can buy 8 10K cars and flip them for 8 grand total profit.

More leg work for sure but you double your juice for the same squeeze.

Back to the thread.

Post: #105

(10-24-2012 08:20 PM)pitt Wrote:  

(10-24-2012 08:19 PM)rudebwoy Wrote:  

(10-24-2012 06:56 PM)murrb Wrote:  

(10-24-2012 06:53 PM)Cooze Hound Wrote:  With a 6% return, I would have 30K a year. Enough to live comfortable in EE or Central America for some time.

where are you getting 6% so easily?

I would imagine it would be easy to get those kind of numbers when you are depositing that amount of money.

I swear there are banks that will pay you 6 or 7% interest on your savings.

Dude, I am in a place that gives 6-7.5% for local currency for 2-3 months depending on the bank. But I got no money though.

Post: #106

With a sudden 500k I would hire a manager for my biz so I could be an absentee owner while setting up a Poosy Bar in Tampa, the DR, and Odessa.

You guys are making this shit way too complicated.

Post: #107

(10-25-2012 04:51 AM)Rah Wrote:  I get this feeling like there's a fair few lurkers in this place that bank really hard but stay out of financial & business discussions, and that people don't take them seriously when they do emerge.

This is an absolute fact.

Post: #108

You have to also remember the taxes you are paying on all that interest at the end of the year so its not really as much as you think.

Unless you are a tax dodger.

Post: #109

(10-25-2012 09:23 AM)Jalouse Wrote:  Pitt it's strange how you were always the guy on here who was dead set on making a lot of money and now you've gone in the totally opposite direction, it just shows how quickly peoples ideas can change.

Yes its true, blame it on txbeachbum lol. Me and this forum member had long conversations on msn day after day and i felt like i was on some training camp on how to become happy. Its interesting how i see money now as slavery and i noticed that when i was chasing money i was unhappy, now im doing the things that i wanted to do.

Dont get me wrong, i will probably stop travelling in few months and get a job in order to build more capital, but im not longer crazy about making millions of dollars unless i will have the freedom to live where i want to live and do what i want to do. I am happy with how things are going now, im truly enjoying my life now and im also making sure i wont be a broke motherfucker by the time i get to my late 30s and early 40s.

Post: #110

(10-24-2012 10:56 PM)MikeCF Wrote:  

(10-24-2012 08:41 PM)pitt Wrote:  I think it just depends on what your priorities were during your 20s and early 30s. If you were all about making money and becoming rich, then i expect you to have 500k at the very least. If you were all about travelling, fucking women and enjoying life then i wouldnt expect that much from you.

That is extremely unrealistic.

Do the math.

Let's say you start working at 22.

How much would you need to earn, every year and before taxes, in order to have 500K saved?

Unrealistic?

A person who is all about money wouldnt have just a job, he would also have a business on the side, his business will likely go well by the time he gets to his 30s. This guy could easily have more than 500k if he is smart enough.

Post: #111

Pay off all my debts
Move to Lubbock, TX and finish my bachelors
Travel during time off from school
Sell my Mazda and buy an Audi
Invest whatever is left over

Post: #112

in my opinion it really comes down to if you are willing to live in a poor country or you desire to live in a 1st world country. because if you can live in latin america, SE, or EE it is possible to live on 2k a month and have a comfortable life. however 2k in the first world isnt so balling so it would make more sense to buy a 250k home in US or europe and have the rest for rainny day. personally i would just live off the interest. unless your buying hookers, using drugs or living in a really expensive pad its easy to live off 500k in interest in poorer countries til the end of your days

Post: #113

(10-25-2012 02:59 PM)avantgarde Wrote:  

(10-24-2012 08:20 PM)pitt Wrote:  

(10-24-2012 08:19 PM)rudebwoy Wrote:  

(10-24-2012 06:56 PM)murrb Wrote:  

(10-24-2012 06:53 PM)Cooze Hound Wrote:  With a 6% return, I would have 30K a year. Enough to live comfortable in EE or Central America for some time.

where are you getting 6% so easily?

I would imagine it would be easy to get those kind of numbers when you are depositing that amount of money.

I swear there are banks that will pay you 6 or 7% interest on your savings.

Dude, I am in a place that gives 6-7.5% for local currency for 2-3 months depending on the bank. But I got no money though.

where are you at?

Post: #114

This is not theoretical for me. I do the following: 1) live in third world countries where I can live well frugally (currently have a clear view of the ocean), 2) work for myself managing my own money and creating new income streams, and 3) living outside the US so that I can self-insure for any medical needs (capital preservation).

Post: #115

The real problem is this.

When you make money you are surrounded by other rich people and you spend in-line with them.

Second when you are poor you are poor because you think you are poor and continue with the mindset of being poor. "I just want to make it big!" - translation. I am lazy and don't want to work hard.

500K is achievable in the USA no problem by 30's. Just like game, people are too lazy and can't control their emotions to get there. You choose partying with hoes in college instead of chasing $$$. When you get money out of college you have whack game which makes you depressed so you spend more and are now stuck at break even savings for ages to come.

The solution?

Get a good job and NEVER hang out with co-workers to pick up chicks. Separation.

In order to get a high paying job you have little game. Why? You spent the last 20+ years takin it up the ass killing yourself to make sure you dont get some mediocre job with a fancy title that only pays $60K.

The second mistake is of course the continuous chase for money. You flat line your expenses. This way you stack up $30-50K annual at a young age a decade later you're free and young.

Back to the topic, with $500K today I have no idea what I would do with it because I don't have that cold hard cash in front of me and the effective spike in hormones.

I can tell you the only thing I try to do is maintain my health and decrease the cost of pussy because its all the same.

Post: #116

(10-24-2012 01:37 PM)MikeCF Wrote:  Most of us would go broke if given a windfall of 500K. Pro athletes go broke. We are no different.

The key is to not think of 500K as what you earned.

I was speaking to someone about something similar the other day.

She (ya a chick) said she would travel, etc and spend it.

But she is someone who won't ever accumulate that much wealth. So her perspective is different. For those who have earned it, through struggle, no nights of sleep, stress, anger, frustration, etc. they, I imagine, handle their finances more gingerly. Because they know what it took to get that wealth.

I am sure our answers would be different if we had to earn this hypothetical 500K question.

(10-26-2012 02:22 PM)WestCoast Wrote:  I have no idea what I would do with it because I don't have that cold hard cash in front of me and the effective spike in hormones.

Exactly. But I do agree with some of the posters who said not to tell anyone about it. People come out of the woodwork.

A lot of people mentioned travelling, my buddy made a comment - he said, "show up poor." LOL, in other words don't flash it.

Bottom line - do what makes you happy for some of us this situation will never happen, for those of us that this is a possibility/reality - jealous!

Post: #117

(10-24-2012 11:38 AM)MikeCF Wrote:  Invest in a diversified portfolio seeking 6-8% returns. That's 30-40K a year.

Get a part-time job at Whole Foods or bartend. That gives extra cash and access to women.

Between the job and the dividends, I'd have plenty of cash and plenty of hos.

I would just move to Asia and live on 30-40K a year very comfortably. I would also have much better access to women compared to any Whole Foods or bar in the US.

Post: #118

(10-25-2012 09:46 PM)pitt Wrote:  

(10-24-2012 10:56 PM)MikeCF Wrote:  

(10-24-2012 08:41 PM)pitt Wrote:  I think it just depends on what your priorities were during your 20s and early 30s. If you were all about making money and becoming rich, then i expect you to have 500k at the very least. If you were all about travelling, fucking women and enjoying life then i wouldnt expect that much from you.

That is extremely unrealistic.

Do the math.

Let's say you start working at 22.

How much would you need to earn, every year and before taxes, in order to have 500K saved?

Unrealistic?

A person who is all about money wouldnt have just a job, he would also have a business on the side, his business will likely go well by the time he gets to his 30s. This guy could easily have more than 500k if he is smart enough.

That's an insanely optimistic outlook on entrepreneurship. Businesses are more likely to fail than succeed, and successes tend to be modest. Survivorship bias has convinced many that starting a business is a guaranteed way to make money.

I did a quick back of napkin calculation. Based on Canadian income taxes and assuming 20k living costs per year (hope you like taking the bus and having roommates), you'd need to make an average of about 106k pre-tax per year for eight years to hit 500k saved by 30.

Good luck with that.

Post: #119