Post: #101

The whole thing could be written as players and pussy as well. Great advice for getting what you want - Look at it logically, don't look at it emotionally.

Post: #102

I got a few PMs saying they wanted to know where HHs best posts are. I say this is the thread that changed how I think entirely.

I must have read these posts at least 50 times.

*** side note I am getting increasingly busy so apologies if anyone PMs over the next few weeks as I won't be around.

No, there is no bickering between me and CMQ as I stated in that thread, I got no problem with him writing what he likes and making money off it. There was clearly a misunderstanding.

Good luck out there.

Post: #103

(03-22-2013 02:41 AM)Hooligan Harry Wrote:  Real risk is not financial, its personal. It encompasses everything. Its putting your entire network on the line. Going so deep into something that you risk credit ratings, personal health, relationships as you fall of the radar. Chasing something with no certainty of reward at all. While everyone else is buying homes, having families, going on holiday or enjoying their weekends off, you are working without any certainty of success at all. You whole life comes to a standstill and you could lose 2-3 years of your life for nothing. Some guys go over a decade.

That is risk. 99% of the people you come across will not have the balls to take risks like this.

Wholly shit that hit close to home. I started a business in 2007 that crashed spectacularly in 2010 at a large personal cost touching on all of the above except for (thankfully) my health. Meanwhile seemingly all of my peer group got married, bought houses, and started families.

The thing is, once you've had the taste of even fleeting success or life outside of what you're 'supposed' to do it's very difficult to go back. After a soft landing in a 6-figure life sucking corporate job I rolled the dice again and ended up here in Brazil, whether it pays off financially is still up in the air but I can say without a doubt that I've lived a more interesting and well-rounded life than my accountant / engineer / doctor / optometrist / lawyer friends.

Post: #104

In my opinion, if someone starts to work on something with a view to just get rich down the line, he has already failed. That's because no one knows the future. How your interests, perspective and outlook may change in the future is something you can never guess. The people who do this run the highest risk on losing out on life during the years they "worked their ass off" and eventually end up quitting a half baked endeavor.

The people who get rich are the ones who realize that there cannot be a division between the present and the future. They have to enjoy their life NOW and that's the only way to go forward. I'm not saying they don't work hard, but all of them follow their passion and play to their strengths.

When this is the case, these people are not desperate to get rich as they are already enjoying their present life too. And in life, the biggest paradox is that you'll end up getting things you aren't desperate to get. There is no sacrifice in getting rich. Miserable people don't get rich. People leading a happy and exciting life stand a better chance.

Felix Dennis's How to get rich is a great book regarding this subject.

Post: #105

(03-19-2013 10:39 AM)billy Wrote:  I disagree with most of them and think its a load of crap but each to their own.

You absolutely consider all 21 points as crap ? I think you are being emotional.

I'm not into all this super richness Gordon Gecko "look-at-my-overkill-suit while i drive my red convertible into the sunset" fashion that is popping up lately supported with some films and tv series, but there is much truth in these 21. points.

Though, not all of these points i consider superior for the rich. For example, ability to save money is an important virtue for me. It shows intellectual capability to think in advance which was a determinant factor for rise of the west, or more precisely, protestant northern Europe, same cultural group that later formed the rest of anglosphere. So while risk taking can be option for an individual, it cannot be an option for society.

Post: #106

(03-27-2014 03:12 PM)Orion Wrote:  

(03-19-2013 10:39 AM)billy Wrote:  I disagree with most of them and think its a load of crap but each to their own.

You absolutely consider all 21 points as crap ? I think you are being emotional.

I'm not into all this super richness Gordon Gecko "look-at-my-overkill-suit while i drive my red convertible into the sunset" fashion that is popping up lately supported with some films and tv series, but there is much truth in these 21. points.

Though, not all of these points i consider superior for the rich. For example, ability to save money is an important virtue for me. It shows intellectual capability to think in advance which was a determinant factor for rise of the west, or more precisely, protestant northern Europe, same cultural group that later formed the rest of anglosphere. So while risk taking can be option for an individual, it cannot be an option for society.

Within this thread, I made comments very similar to Billy's, and I deny my conclusions to have been caused by my being emotional.

WE cannot really determine with fairness from a post that was made over a year ago, whether the RVF member was being emotional, and probably, in my current thinking, NOT a fair accusation to be directing to a year old post.

Post: #107

This is a great list! My parents and their friends, family were war refugees / war orphans who came to the USA in the 80s. All arrived with only third world secondary school education (or less), the clothes on their backs, and a strong work ethic. Today all but two are working 40+ hrs per week waiting for the day they can collect SS. The other two - one married a 130+ IQ American engineer and acted in the traditional housewife role. She retired on his comfortable pension and the salaries of the kids. The other is a self made millionaire (as in million cash liquid not including property and biz assets) who:

3. Average people have a lottery mentality. Rich people have an action mentality.

Planned the steps he needed to take to get out of the working class by opening his own business and then carried them out. The others literally play the lottery or gamble on cards, horses.

2. Average people think selfishness is a vice. Rich people think selfishness is a virtue.
The millionaire rarely lends money to anyone, when he does its after questioning their proposal in detail (including family). By doing this he never had to track down anyone who owed him money and didn't lose it on friends with good intentions but poor planning. He became rich and his companies provide jobs to dozens of people, later he funded the construction of a school in his native land, something the others could never imagine doing.

5. Average people long for the good old days. Rich people dream of the future.

The others talk about how well off their families were in the old country. The millionaire doesn't often talk about the past but when he does, he talks about how grandpa and great grandpa became successful.

6. Average people see money through the eyes of emotion. Rich people think about money logically.

The millionaire says to save your money so that you can invest it in future businesses or so that you have the freedom to travel for extended periods and find new opportunities. The others says to save money so that you can afford stuff.

7. Average people earn money doing things they don't love. Rich people follow their passion.

The others have jobs they don't enjoy and told me to graduate college and become a lawyer, doctor or engineer because the jobs have high salaries. The millionaire says to get a college degree solely because its 10x easier to get a seat at the table in the business world with one. He loves the hustle of negotiations and won't retire until he stops breathing.

12. Average people live beyond their means. Rich people live below theirs.
The millionaire uses Apple products because they are reliable (giving him more free time) and have good resale value. The others buy them because they saw everyone else with them.
He wears a $10,000 watch, but only because in the business world he works in its mandatory to indicate his past success to new investors.
He owns an expensive Mercedes for the same reason.
He bought both used after searching for the best deal around. The others bought new cars.
He still flies coach on budget airlines like AirAsia.

13. Average people teach their children how to survive. Rich people teach their kids to get rich.
On the way to riches, the millionaire was criticized for footing entire the bill when eating out and entertaining far richer businessmen since often these nights would result in no deals being made. However he still was able to pick the brains of the most successful, keep up to date on local biz/politics with insiders and learned all the best places to feed and entertain visitors.


4. Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.
15. Average people would rather be entertained than educated. Rich people would rather be educated than entertained.
The others consume media like Sunday afternoon and Monday night football, Entertainment Tonight, the Price is Right, Dancing w the Stars, Who wants to be a Millionaire?
The millionaire taught himself English by reading books about and written by men like Nixon, JFK, Trump, Ted Turner, and other movers and shakers. He read about one book a week and still reads at half that rate. Nearly all the books were business or politically related. The only fiction novels I saw in the bookshelves in his homes were the Godfather series and Jason Bourne series.

16. Average people think rich people are snobs. Rich people just want to surround themselves with like-minded people.
The others spent their weekends and time off having bbqs, going shopping, playing cards and drinking beer. The millionaire spent his time off reading books and planning his business. Whenever he did social things like playing snooker, golf, eating out, karaoke, it was never to simply pass the time instead always with people of value who could connect him with businessmen, politicians, and professionals.

19. Average people love to be comfortable. Rich people find comfort in uncertainty.
The millionaire worked and lived in a factory as a machinist, quit in order to take a sales job which forced him to live in a slum temporarily. After ten years in the USA he had a comfortable life with a small business and a house. He felt that due to being a foreigner, this was about as high as he could go, so he sold everything, returned to his war torn country where he was ripped off and forced to live on a single bowl of noodles per day. He could have returned to the US but kept looking for hustles, after another decade he amassed his fortune.

Along with this list, his habits and mindset also align with everything I've heard on Brian Tracy's youtube videos and audiobooks on success and sales such as the ones by Napoleon Hill and Tony Robbins. The guy never fucked anyone over, has a reputation for his honesty, and if anyone is going to say the man is a workaholic who doesn't enjoy life, the guy is a natural with a triple digit notch count.


TLDR: All the haters can shut the fuck up

Post: #108

I think this was absolutely great list too. Shared it to all my close friends.

Post: #109

Some real nuggets of information in this book. It's not a heart-warming read by any accounts, and definitely pulls no punches.

Highly recommended, however.

http://www.amazon.co.uk/Simple-Wealth-Mr...ple+wealth

A formula for wealth was highlighted in a previous comment - this book recommends the following use of income:

10% towards fortune
20% towards debts (until paid, then redistributed to fortune)
60% towards necessities
10% towards enjoying your life

Obviously easier said than done, but can act as a good template for personal finance (and eventual wealth).

Post: #110

Bumping this thread. Just from the list, I can think that the author has valid point. I'm not rich now per say, but working slowly and surely for it and I'm starting to notice a lot of mindset differences. Speaking to that with ordinary people seems like trying to red pill a blue pill guy. Hopefully I'll meet more like-minded people.