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Forum » Rich miscers, discuss how you got rich (srs)
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Thread: Rich miscers, discuss how you got rich (srs)

post 1694958463 12-16-2023, 01:30 PM
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#61
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Selling pics of my chocolate starfish.
I loe e.
post 1694958503 12-16-2023, 01:31 PM
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#62
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Originally Posted By GooBaaa⏩
Unless you have millions stop calling yourself rich

Induced drag is the only miscer that’s rich
I gotta imagine there are others
post 1694958573 12-16-2023, 01:33 PM
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#63
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Just passed 40k a year in dividends
Not close to being rich though
Dallas Cowboys

Lifted for 30 years

Ass > tits
No Debt Crew
post 1694958663 12-16-2023, 01:35 PM
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#64
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Originally Posted By BigDeeps01⏩
Can we get some actual rich miscers in here like $1M+ a year so we can get some real tips ?

I know one guy basically got lucky at a startup and his shares ended up being worth millions
$1 million plus brah checking in.

Have averaged $1million plus the last 3 years. I’m an orthopedic surgeon. Delayed gratification. 4 years of undergrad, 4 years of medical school, 5 years of residency, 1 year of fellowship. $400k plus loan which was investment in myself but wore on me. Paid off in 1.5 years once started practicing. Didn’t start making real money until my mid 30s.

It’s one way to make a consistent high income with amazing job security but it’s not for everyone.
post 1694958683 12-16-2023, 01:35 PM
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#65
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I guess we’ve established the true money moggers of the misc don’t have time for this thread :[
post 1694958733 12-16-2023, 01:37 PM
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#66
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Originally Posted By BigDeeps01⏩
I guess we’ve established the true money moggers of the misc don’t have time for this thread :[
All miscers are millionaires breh.
I loe e.
post 1694958793 12-16-2023, 01:39 PM
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#67
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Not sure about $1m+ per year being what I’d consider rich

We had Shortys408 in here before posting single deposits that were $1m lol, not sure where he is these days, not sure if even that is “rich”

There was 1fast1 back in the day who sold his original company for $50m or something
post 1694959023 12-16-2023, 01:45 PM
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#68
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Originally Posted By Destor⏩
Not sure about $1m+ per year being what I’d consider rich

We had Shortys408 in here before posting single deposits that were $1m lol, not sure where he is these days, not sure if even that is “rich”

There was 1fast1 back in the day who sold his original company for $50m or something
Yeah all depends on the definition I guess

A high net worth individual is someone with at least $1M in liquid assets by definition and an ultra high net worth is $30M

Definitely either earning or having a business that earns $1M+ will get you closer to that ultra high net worth than someone earning 150k
post 1694961143 12-16-2023, 02:34 PM
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Originally Posted By BigDeeps01⏩
I’m more interested in hearing about business owners since that’s how you actually get rich

You won’t be making $1M+ a year working for someone else in IT
Let me clarify. I meant I'll be making $1m+ in 5 years.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1694961323 12-16-2023, 02:39 PM
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Originally Posted By BigDeeps01⏩
I gotta imagine there are others
https://forum.obnoxiousbrutes.com/showt...&highlight=Mwc

Shortys408. Not sure what he does, but he regularly posts watches in the 6 figure range.
Originally Posted By shortys408⏩
Love it. It’s crazy fast and feels effortless. Doesn’t have the same feel as an engine, but I have gotten used to it. I don’t miss my Panamera turbo.

Originally Posted By shortys408⏩

The black AP is 300k alone I think
post 1694961503 12-16-2023, 02:43 PM
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#71
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Originally Posted By BigDeeps01⏩
Can we get some actual rich miscers in here like $1M+ a year so we can get some real tips ?

I know one guy basically got lucky at a startup and his shares ended up being worth millions
I don't even pay myself 1M a year. I would be surprised to see if anybody on misc does that. I can only deduct and depreciate maybe 600k off personal income on schedule C with it making sense. The rest is exchanged into other companies for stock or ownership. A lot of the money goes into other companies I own, that then take a loss on developmnt, assets are held in those companies for later withdrawal or sale.

Personal income, net worth and business income are different. The advice given earlier about generating 2M in gross, then set yourself up for potential 10-20x multiplier growth and have PE purchase 49-51% of the company with a planned exit strategy is the correct advice. Private equity doesn't want you unless 2M in gross sales and 8+ potential multiplier unless they are a conservative fund looking for a merger to existing company they own.

Or luck.
Life is easy when you take personal responsibility
MMMC - Assistant to the Assistant of the Secretary of Assistance

I don't do limits.
post 1694962523 12-16-2023, 03:13 PM
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#72
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shortys408 was a tax accountant who helped even wealthier people structure things to avoid taxes

1fast1 had an engineering background and came up with a new trailer hookup or something iirc
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