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» Rules Of The Rich
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post 1688383963 08-15-2023, 03:37 AM
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#1
  1. GordonXXX
  2. Generation X Capitalist
  1. GordonXXX
  2. Generation X Capitalist
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  4. Posts: 34,699
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Rules Of The Rich

1. Pay yourself first.
2. Leverage other people’s time and money.
3. Always have multiple streams of income.
4. Never rely solely on earned income.
5. Understand the power of compound returns.
6. Prioritize financial education.
7. Avoid lifestyle inflation.
8. Build and maintain a strong network.
9. Invest in assets, not liabilities.
10. Take calculated risks.
11. Surround yourself with like-minded individuals.
12. Know the difference between price and value.
13. Think long-term.
14. Be adaptable and embrace change.
15. Use debt strategically.
16. Protect your wealth (e.g., through insurance, tax strategies, legal structures).
17. Reinvest dividends and profits.
18. Seek out great mentors that are doing what you want to do.
19. Continuously focus on self-improvement.
20. Limit exposure to toxic people and thinking.
21. Understand the value of a strong personal brand.
22. Negotiate everything.
23. Never stop learning.
24. Control expenses and live below your means.
25. Know your worth, and don’t undervalue yourself.

https://www.newtraderu.com/2023/08/1...s-of-the-rich/
post 1688384023 08-15-2023, 03:44 AM
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#2
  1. Thebigzub
  1. Thebigzub
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26. Never waste a hard on
post 1688384323 08-15-2023, 03:59 AM
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#3
  1. bigdownunder
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  1. bigdownunder
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27. Ignore bull**** generic lists on the internet
post 1688384453 08-15-2023, 04:06 AM
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#4
  1. r32gojirra
  2. Registered NEET
  1. r32gojirra
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28. If you can’t afford an actual Lexus, a used entry-level 2.0 is okay
post 1688384473 08-15-2023, 04:09 AM
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#5
  1. jreacher
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  1. jreacher
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I need to work on #3 and #4.
post 1688384483 08-15-2023, 04:09 AM
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#6
  1. AdvancedDreamer
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  1. AdvancedDreamer
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29. OP is always a phäggöt.
post 1688384653 08-15-2023, 04:19 AM
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#7
  1. Kewbrah
  2. Deathcon 3
  1. Kewbrah
  2. Deathcon 3
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Originally Posted By GordonXXX
7. Avoid lifestyle inflation.
Unless you are going to inflate your lifestyle then there is no point in being rich.

If your goal is to live like a poor person then why not just be a poor person?
post 1688384773 08-15-2023, 04:29 AM
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#8
  1. GordonXXX
  2. Generation X Capitalist
  1. GordonXXX
  2. Generation X Capitalist
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Originally Posted By Kewbrah
Unless you are going to inflate your lifestyle then there is no point in being rich.

If your goal is to live like a poor person then why not just be a poor person?
the goal is freedom not slavery.
post 1688385233 08-15-2023, 04:55 AM
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#9
  1. GooBaaa
  1. GooBaaa
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Sorry I don’t take advice from a guy that penny pinches and drives a used Lexus
post 1688385263 08-15-2023, 04:58 AM
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#10
  1. SillieBazzillie
  2. Md, Misc, Old-Brah
  1. SillieBazzillie
  2. Md, Misc, Old-Brah
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Originally Posted By GooBaaa
Sorry I don’t take advice from a guy that penny pinches and drives a used Lexus
Not just that, he eats like a 5 year old boy and worships a lying, orange moron.

Legit the last person on earth to take advice from. Why do you think he's alone all the time?
Early AM workout crew.
Holy crap dude, Satan's huge crew.
post 1688385373 08-15-2023, 05:03 AM
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#11
  1. 129iq
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  1. 129iq
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Originally Posted By SillieBazzillie
Not just that, he eats like a 5 year old boy and worships a lying, orange moron.

Legit the last person on earth to take advice from. Why do you think he's alone all the time?
Do you he believes this dumb stiff like dumb liberals?

https://www.skeptic.com/research-cen...-CUPES-007.pdf
post 1688385473 08-15-2023, 05:07 AM
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#12
  1. SillieBazzillie
  2. Md, Misc, Old-Brah
  1. SillieBazzillie
  2. Md, Misc, Old-Brah
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Originally Posted By 129iq
Do you he believes this dumb stiff like dumb liberals?

https://www.skeptic.com/research-cen...-CUPES-007.pdf
Why do you support white cops hunting blacks boyo?

We should all be against people of every race hunting people of other races.

C'mon boyo!

Ok, if we had a little hunt like The Hunt, wouldn't be the worst thing in the world...
Early AM workout crew.
Holy crap dude, Satan's huge crew.
post 1688385513 08-15-2023, 05:09 AM
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#13
  1. GordonXXX
  2. Generation X Capitalist
  1. GordonXXX
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Originally Posted By GooBaaa
Sorry I don’t take advice from a guy that penny pinches and drives a used Lexus
and that's why you're trapped cleaning out septic tanks for a living.
Originally Posted By SillieBazzillie
Not just that, he eats like a 5 year old boy and worships a lying, orange moron.

Legit the last person on earth to take advice from. Why do you think he's alone all the time?
i eat steak every night you soy eating low testosterone liberal f@gggot.
post 1688385713 08-15-2023, 05:17 AM
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#14
  1. SillieBazzillie
  2. Md, Misc, Old-Brah
  1. SillieBazzillie
  2. Md, Misc, Old-Brah
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Originally Posted By GordonXXX
and that's why you're trapped cleaning out septic tanks for a living.



i eat steak every night you soy eating low testosterone liberal f@gggot.
LOLOLOLOLOL

You basically microwave the pathetic Pulblix "steak" you buy. In fact you microwave everything you pathetic cultist loser.

"hur dur me eats steak every night hur dur"

SMH
Early AM workout crew.
Holy crap dude, Satan's huge crew.
post 1688385813 08-15-2023, 05:20 AM
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#15
  1. 4Bertuzzi4
  1. 4Bertuzzi4
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#69 a beige Corolla is the GOAT rich man's car.
post 1688389253 08-15-2023, 07:07 AM
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#16
  1. katya422
  1. katya422
  2. Join Date: Dec 2011
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Very good to okay.

Weakest is #22 IMO.

Could be shorter.

1. Pay yourself first.
2. Know the difference between price and value.
3. Use debt strategically.
4. Leverage other people’s time and money.
5. Invest in assets, not liabilities.
6. Take calculated risks.
7. Always have multiple streams of income; never rely solely on earned income.
8. Reinvest dividends and profits- think long term.
9. Protect your wealth (e.g., through insurance, tax strategies, legal structures).
10. Prioritize financial education, understand the power of compound returns.
11. Avoid lifestyle inflation, control expenses and live below your means.
12. Seek out great mentors that are doing what you want to do; limit exposure to toxic people and thinking.
13. Build and maintain a strong network, surround yourself with like-minded individuals.
14. Know your worth, and don’t undervalue yourself.
15. Continuously focus on self-improvement; never stop learning.
16. Be adaptable and embrace change.

Still generic AF, but solid.
INTP Crew
Inattentive ADD Crew
Mom That Miscs Crew
post 1688389323 08-15-2023, 07:09 AM
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#17
  1. Ironmanlet
  2. Adamantium User
  1. Ironmanlet
  2. Adamantium User
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1 (and only): be born into it


Anyone else need not apply.
“The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact.“

PS: Don't eat poop, just don't let the idea of it stop you from living life to its fullest.
post 1688389343 08-15-2023, 07:09 AM
-
#18
  1. GordonXXX
  2. Generation X Capitalist
  1. GordonXXX
  2. Generation X Capitalist
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Originally Posted By katya422
Very good to okay.

Weakest is #22 IMO.
i negotiate almost everything. so do most of my wealthy friends. save when you can, spend when you must.
post 1688389763 08-15-2023, 07:20 AM
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#19
  1. Coinboy
  2. Banned
  1. Coinboy
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Originally Posted By GordonXXX
2. Leverage other people’s time and money.
How?
post 1688389963 08-15-2023, 07:24 AM
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#20
  1. GordonXXX
  2. Generation X Capitalist
  1. GordonXXX
  2. Generation X Capitalist
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Originally Posted By monster0ultra
I'm shopping for a minimalist wallet. What do you recommend big daddy?

The Ridge seems good but I don't like how the cash is outside.
get a simple slim classic minimalist black leather card case. in 2023 all you need to carry is your driver's license, credit card, debit card, and $40 cash. keep everything else digital in Dropbox on your phone.

Coach Card Case
$95
COLOR: Black

https://www.coach.com/products/card-case/934.html
post 1688390253 08-15-2023, 07:29 AM
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#21
  1. GooBaaa
  1. GooBaaa
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Originally Posted By GordonXXX
and that's why you're trapped cleaning out septic tanks for a living.



i eat steak every night you soy eating low testosterone liberal f@gggot.
I have more at 28 than you do at 61

All thanks to be a tradie
post 1688390343 08-15-2023, 07:30 AM
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#22
  1. GordonXXX
  2. Generation X Capitalist
  1. GordonXXX
  2. Generation X Capitalist
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Originally Posted By GooBaaa
I have more at 28 than you do at 61

All thanks to be a tradie
maybe but i don't clean up shiit for a living.
post 1688390583 08-15-2023, 07:35 AM
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#23
  1. fate0311
  1. fate0311
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OP just read one of benjamin graham's books. that's cute OP.
post 1688390633 08-15-2023, 07:36 AM
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#24
  1. GooBaaa
  1. GooBaaa
  2. Join Date: Sep 2011
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Originally Posted By GordonXXX
maybe but i don't clean up shiit for a living.
You might have the wrong person tbh
post 1688390723 08-15-2023, 07:37 AM
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#25
  1. GordonXXX
  2. Generation X Capitalist
  1. GordonXXX
  2. Generation X Capitalist
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Originally Posted By GooBaaa
You might have the wrong person tbh
i thought you cleaned septic tanks?
post 1688390773 08-15-2023, 07:39 AM
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#26
  1. GooBaaa
  1. GooBaaa
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Originally Posted By GordonXXX
i thought you cleaned septic tanks?
Mechanical services

I do snake household sinks though for $250 cash, I don’t do mains anymore
post 1688390893 08-15-2023, 07:43 AM
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#27
  1. katya422
  1. katya422
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Originally Posted By GordonXXX
i negotiate almost everything. so do most of my wealthy friends. save when you can, spend when you must.
Sorry, but *everything* is not worth the time.

Worked retail for many years. Any idea what a PITA it is to work for a major retailer and have some customer wasting your time and theirs wanting to negotiate a price lower than what is on the sign for no real reason?

I get if there is damage [scratch and ding] or it is a floor model or something. But c'mon man, do you really think it is worth it to spend a half hour or more trying to get $10 off a Diaper Genie or some such?

If you can speak to someone who is able to adjust the price and you can make some sort of case for getting a discount [end of season, buying a large volume, etc.] fine. Otherwise please go back to the bazaar to haggle.
INTP Crew
Inattentive ADD Crew
Mom That Miscs Crew
post 1688391343 08-15-2023, 07:51 AM
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#28
  1. x-trainer ben
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30. never tip the guy that details your car, save that coin.
31. always take creep shots it is cheaper than dating, more savings.
There is an unspoken thing, we are iron brothers and sisters, we are to support each other and...It is our duty to support our brothers and sisters in the iron game!
post 1688391703 08-15-2023, 07:57 AM
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#29
  1. Dogkrack
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Originally Posted By GordonXXX
maybe but i don't clean up shiit for a living.
lmao
post 1688392633 08-15-2023, 08:10 AM
-
#30
  1. x-trainer ben
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Originally Posted By Anachron
32. If a member of your family is sick, banish them to the garage.
yawn, and if they live 3 hours away, let them decide what to do about their own health situation and medical care since they are a senior.

also known as "common sense"
There is an unspoken thing, we are iron brothers and sisters, we are to support each other and...It is our duty to support our brothers and sisters in the iron game!
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