Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum ยป lol just fukin lol @ people who don't have passive income
  1. Results 181 to 210 of 537
  2. Page 7 of 18
  3. First
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  11. Last

Thread: lol just fukin lol @ people who don't have passive income

post 1484391221 02-20-2017, 08:33 PM
-
#181
  1. ashin1
  2. Registered User
  1. ashin1
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Canada
  5. Age: 35
  6. Posts: 15,547
  7. Rep Power: 45160
Originally Posted By RobParks2M⏩
Lmao Ashin. Fun fact: I bought TGA as an Ameribruh and I got reemed on stupid Canadian taxes on the divvy + my taxes cost me an extra $20 for 2 years to deal with the foriegn income which essentially got rid of my profitability. Luckily it canceled the dividend so my taxes are cheaper to prepare again, but tfw sitting on a 40% loss on TGA fukin lmao. But a solid life lesson now that cost me like $50 instead of finding out when pushing a 50k+ account.
yeah brah if you are Canadian you gotta be careful of the foreign with holding tax, only way around that is by having usd equity in a RRSP
***Strong 2nd Reply Crew***
post 1484391251 02-20-2017, 08:33 PM
-
#182
  1. mommaofobama
  2. Registered User
  1. mommaofobama
  2. Registered User
  3. Join Date: Jul 2012
  4. Age: 33
  5. Posts: 3,979
  6. Rep Power: 5514
Originally Posted By Muddschell⏩
ITT OP is putting a % of his salary into an IRA and making about $1k a year passive in gainz.

Everything else hes "doing" is netting him $100 a year
LOL this. Anyone can do this if they have money.

Step 1: get a few thousand dollars.
Step 2: invest in some sort of income fund.
Step 3: collect roughly 10% per year on your money.
Step 4: act like a douche on a bodybuilding forum about how you have passive income and talk about it like it's some holy grail.
post 1484391601 02-20-2017, 08:35 PM
-
#183
  1. lukeaye
  2. Registered User
  1. lukeaye
  2. Registered User
  3. Join Date: Jun 2008
  4. Location: Brisbane, QLD, Australia
  5. Age: 38
  6. Posts: 7,107
  7. Rep Power: 71101
Originally Posted By RobParks2M⏩
I'd keep discussing, but you seem to be quite caught up in talking about OP and mad about the fact his parents loaned him some money and he has a higher income than you. Gonna disregard and keep chatting with Hugh and anyone else who wants to talk money. It is aninternet forum on a bodybuilding website I don't give a damn about credibility.
If you don't care about his credibility what do you hope to get from being in this thread?

I'm not mad about it at all, it's just not a financial strategy, and he is promoting his financial strategies and wisdom.
A Higher WAGE is also not a financial strategy, I cannot simply achieve a higher wage unless I increase my level of education or become more skilled.

All the OP is doing is investing in shares and receiving dividends. Big whoop. So is half the country.

Where is the value in this thread?
post 1484391911 02-20-2017, 08:37 PM
-
#184
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Originally Posted By mommaofobama⏩
LOL this. Anyone can do this if they have money.

Step 1: get a few thousand dollars.
Step 2: invest in some sort of income fund.
Step 3: collect roughly 10% per year on your money.
Step 4: act like a douche on a bodybuilding forum about how you have passive income and talk about it like it's some holy grail.
If anyone can do it why don't they? Fact of the matter is OP lives in a cottam trailer with someone splitting cost while living in the middle of nowhere. What is your excuse for not having a low cost of living and saving more money? Yeah the original post is douchy, but if you don't have passive income you aren't playing the game it is playing you bruh.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1484391921 02-20-2017, 08:37 PM
-
#185
  1. donblaximus
  2. Registered User
  1. donblaximus
  2. Registered User
  3. Join Date: Jul 2010
  4. Age: 50
  5. Posts: 12,396
  6. Rep Power: 70954
Originally Posted By RobParks2M⏩
So you post a vid where you ONLY need 60+ smartphones/devices to make $1,700 a month by keeping all devices going 24/7 with random apps n stuff? You somehow believe that is passive and doesn't require much start up money? I save my negs for people who derail legitimate threads of value. The topic at hand is at least worth discussion despite OPs possible lack of credibility. I enjoy getting the opinions of multiple people and seeing the experiences others have had with their investments. I keep an eye on a couple of other "passive" renters who post fairly complex details of their business who are 100% honest about the need to have a full team to keep things going (handyman, lawyer, and a couple cogs in the machine). I enjoy seeing OP's progress in the dividend game so I value his opinion in that regard because that is his focus area.

@OP I appreciate the response. Obviously my situation is a little more complex trying to determine if houses in the area will continue appreciating or not and all the other things that go into it, but that was a solid thought given the parameters. Unfortunately she doesn't want others living with us and it isn't really "splitting" when the 2 of us share our combined incomes lol.
So you are dating a girl and you share your income? Fock dat.
Max your 401k and IRAs as much as possible early on. If there is one credible thi OP has said in this thread it's get your money in early to get the value of time and compounding interest. Play your cards right (and I don't mean pinch every penny) but if you are conservative up front and max your tax deferred ACLU tax, you will see it really start to make good money for you later on in life.
post 1484392261 02-20-2017, 08:42 PM
-
#186
  1. ashin1
  2. Registered User
  1. ashin1
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Canada
  5. Age: 35
  6. Posts: 15,547
  7. Rep Power: 45160
Originally Posted By mommaofobama⏩
LOL this. Anyone can do this if they have money.

Step 1: get a few thousand dollars.
Step 2: invest in some sort of income fund.
Step 3: collect roughly 10%per year on your money.
Step 4: act like a douche on a bodybuilding forum about how you have passive income and talk about it like it's some holy grail.


lol that ain't including my dividend either boyo
***Strong 2nd Reply Crew***
post 1484392541 02-20-2017, 08:44 PM
-
#187
  1. lukeaye
  2. Registered User
  1. lukeaye
  2. Registered User
  3. Join Date: Jun 2008
  4. Location: Brisbane, QLD, Australia
  5. Age: 38
  6. Posts: 7,107
  7. Rep Power: 71101
Originally Posted By ashin1⏩


lol that ain't including my dividend either boyo
Thought you had a $216k portfolio?
post 1484392631 02-20-2017, 08:44 PM
-
#188
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Originally Posted By donblaximus⏩
So you are dating a girl and you share your income? Fock dat.
Max your 401k and IRAs as much as possible early on. If there is one credible thi OP has said in this thread it's get your money in early to get the value of time and compounding interest. Play your cards right (and I don't mean pinch every penny) but if you are conservative up front and max your tax deferred ACLU tax, you will see it really start to make good money for you later on in life.
Lmao bruh getting married in 4 months so when I am making money it will be shared. But I am planning on managing our costs and savings. I'm trying to prepare to play conservatively, but alas I have expensive hobbies and the lady wants to live in a castle so I'll have to be wise on the toys I buy myself because she will expect similar dollar figures towards her interests. I think I am worrying over nothing since our combined income will be significant, but I think that is a positive mindset until I prove myself wrong lol.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1484392691 02-20-2017, 08:45 PM
-
#189
  1. ashin1
  2. Registered User
  1. ashin1
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Canada
  5. Age: 35
  6. Posts: 15,547
  7. Rep Power: 45160
Originally Posted By lukeaye⏩
Thought you had a $216k portfolio?
thats just one of my 3 accounts lol
***Strong 2nd Reply Crew***
post 1484392831 02-20-2017, 08:46 PM
-
#190
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Originally Posted By ashin1⏩
thats just one of my 3 accounts lol
So how many pennies is that USD? Ayyyy
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1484392991 02-20-2017, 08:47 PM
-
#191
  1. mrc19888
  2. Registered User
  1. mrc19888
  2. Registered User
  3. Join Date: Mar 2012
  4. Age: 38
  5. Posts: 2,528
  6. Rep Power: 8475
Originally Posted By quadfecta⏩
It's not cope dipchit. The reality is it would take your average person 5+ years to save that money but you being an only child with Asian parents who have money you can borrow 45k interest free no problem (and probably won't have to pay back all of it either)

Check your privilege and stop acting like you're smart or more financially savvy than other people.
What planet do you live on where you think most people could save $45,000 in 5 years? I personally could but I live like I'm broke. Even though I'm not.
I woke up this morning still breathing. Might as well take advantage of it.


Working every day to be just a little stronger, healthier, or smarter than yesterday.
post 1484393001 02-20-2017, 08:47 PM
-
#192
  1. ashin1
  2. Registered User
  1. ashin1
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Canada
  5. Age: 35
  6. Posts: 15,547
  7. Rep Power: 45160
Originally Posted By RobParks2M⏩
So how many pennies is that USD? Ayyyy


soon
***Strong 2nd Reply Crew***
post 1484393081 02-20-2017, 08:48 PM
-
#193
  1. lukeaye
  2. Registered User
  1. lukeaye
  2. Registered User
  3. Join Date: Jun 2008
  4. Location: Brisbane, QLD, Australia
  5. Age: 38
  6. Posts: 7,107
  7. Rep Power: 71101
Originally Posted By ashin1⏩
thats just one of my 3 accounts lol
Show us the other 2.

And show us they aren't demo accounts
post 1484393361 02-20-2017, 08:49 PM
-
#194
  1. ashin1
  2. Registered User
  1. ashin1
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Canada
  5. Age: 35
  6. Posts: 15,547
  7. Rep Power: 45160
Originally Posted By lukeaye⏩
Show us the other 3
nah ill just let you keep coping LOL
maybe if this thread hits 10 pages of you being rustled ill put the other ones up
***Strong 2nd Reply Crew***
post 1484393481 02-20-2017, 08:50 PM
-
#195
  1. donblaximus
  2. Registered User
  1. donblaximus
  2. Registered User
  3. Join Date: Jul 2010
  4. Age: 50
  5. Posts: 12,396
  6. Rep Power: 70954
Originally Posted By RobParks2M⏩
Lmao bruh getting married in 4 months so when I am making money it will be shared. But I am planning on managing our costs and savings. I'm trying to prepare to play conservatively, but alas I have expensive hobbies and the lady wants to live in a castle so I'll have to be wise on the toys I buy myself because she will expect similar dollar figures towards her interests. I think I am worrying over nothing since our combined income will be significant, but I think that is a positive mindset until I prove myself wrong lol.
Ok, your call but saving conservatively for the first few years means a big difference later. My retirements accounts for when I was in corporate did in the neighborhood of $40k in the last 30 days.

I do respect however that time is the important resource, so if living in a $1k apartment is a priority and that keeps you from masking your retirement accounts than I'm cringing but ultimately....your call.
post 1484393581 02-20-2017, 08:51 PM
-
#196
  1. ashin1
  2. Registered User
  1. ashin1
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Canada
  5. Age: 35
  6. Posts: 15,547
  7. Rep Power: 45160
Originally Posted By donblaximus⏩
Ok, your call but saving conservatively for the first few years means a big difference later. My retirements accounts for when I was in corporate did in the neighborhood of $40k in the last 30 days.

I do respect however that time is the important resource, so if living in a $1k apartment is a priority and that keeps you from masking your retirement accounts than I'm cringing but ultimately....your call.
its either that or get ready to make larger payments in life to play "catch up"
***Strong 2nd Reply Crew***
post 1484393951 02-20-2017, 08:54 PM
-
#197
  1. FunnyWeasel
  2. BlackWeasel
  1. FunnyWeasel
  2. BlackWeasel
  3. Join Date: Jun 2012
  4. Posts: 6,323
  5. Rep Power: 23875
hey OP i seen yo money diary thread and admiring' hard as hell at the numbers but dude look at the timing right now of this thread post.

Household debt in the US is near 2008 levels (sauce:http://money.cnn.com/2017/02/16/pf/a...inkId=34624232)

Wages have not kept up with inflation at all which stiffs economic growth altogether. You're talking to a bunch of early 20s lifters on a bodybuilding forum.
Student debt is at $1.3 trillion right now (sauce:https://www.bloomberg.com/news/artic...t-a-new-record)
Also the future is uncertain, regarding dividend payments. there are certain companies that are well known for paying dividends throughout economic hard times and there are companies that go back on their word altogether.
One thing about the economy is that some people on the net are wising up altogether. In order for there to be extreme wealth in the world, there has to be extreme poverty. I don't want to be extremely rich, I want to be wealthy enough where I have a regular house with no property taxes, a nice car, close location to gym, and boxing club.


Idk at this point, make another thread about passive income in 2019 once the inevitable depression is dealt with.
Black Miscer Crew
Underbite Crew
Crimson Chin Crew
24 Inch Vertical Jump Crew
5.9 40 yard dash Crew
http://www.youtube.com/TheStrongWeasel
post 1484394641 02-20-2017, 08:58 PM
-
#198
  1. ashin1
  2. Registered User
  1. ashin1
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Canada
  5. Age: 35
  6. Posts: 15,547
  7. Rep Power: 45160
Originally Posted By FunnyWeasel⏩
hey OP i seen yo money diary thread and admiring' hard as hell at the numbers but dude look at the timing right now of this thread post.

Household debt in the US is near 2008 levels (sauce:http://money.cnn.com/2017/02/16/pf/a...inkId=34624232)

Wages have not kept up with inflation at all which stiffs economic growth altogether. You're talking to a bunch of early 20s lifters on a bodybuilding forum.
Student debt is at $1.3 trillion right now (sauce:https://www.bloomberg.com/news/artic...t-a-new-record)
Also the future is uncertain, regarding dividend payments. there are certain companies that are well known for paying dividends throughout economic hard times and there are companies that go back on their word altogether.
One thing about the economy is that some people on the net are wising up altogether. In order for there to be extreme wealth in the world, there has to be extreme poverty. I don't want to be extremely rich, I want to be wealthy enough where I have a regular house with no property taxes, a nice car, close location to gym, and boxing club.


Idk at this point, make another thread about passive income in 2019 once the inevitable depression is dealt with.
brah we need to start talking about being conscious of our spending and money habits rather than keeping the subject taboo. no wonder so many Americans are so trapped in a cycle of debt and consumption.
***Strong 2nd Reply Crew***
post 1484394841 02-20-2017, 08:59 PM
-
#199
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Originally Posted By donblaximus⏩
Ok, your call but saving conservatively for the first few years means a big difference later. My retirements accounts for when I was in corporate did in the neighborhood of $40k in the last 30 days.

I do respect however that time is the important resource, so if living in a $1k apartment is a priority and that keeps you from masking your retirement accounts than I'm cringing but ultimately....your call.
nah 1k isn't crippling bruh, but if going into a mortgage would be more cost efficient than saving + paying rent I was wondering if that would be the way to go. Between the 2 of us we should theoretically be able to top 200k/year but I won't count those chickens till they hatch.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1484395191 02-20-2017, 09:02 PM
-
#200
  1. lukeaye
  2. Registered User
  1. lukeaye
  2. Registered User
  3. Join Date: Jun 2008
  4. Location: Brisbane, QLD, Australia
  5. Age: 38
  6. Posts: 7,107
  7. Rep Power: 71101
Originally Posted By ashin1⏩
brah we need to start talking about being conscious of our spending and money habits rather than keeping the subject taboo. no wonder so many Americans are so trapped in a cycle of debt and consumption.
phucking lol.

Neither you have any understanding of economics.

I can tolerate no more of this uneducated circle jerk.

have fun with your imaginary wealth creation.
post 1484395621 02-20-2017, 09:05 PM
-
#201
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Originally Posted By lukeaye⏩
phucking lol.

Neither you have any understanding of economics.

I can tolerate no more of this uneducated circle jerk.

have fun with your imaginary wealth creation.
Mad. 28. No assets and low income(If this not the case feel free to prove it like you've been demanding OP to do at every turn). This is why we gotta spend more money on educating our children in the future so they can think through investing and personal finance.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1484395771 02-20-2017, 09:06 PM
-
#202
  1. donblaximus
  2. Registered User
  1. donblaximus
  2. Registered User
  3. Join Date: Jul 2010
  4. Age: 50
  5. Posts: 12,396
  6. Rep Power: 70954
Originally Posted By RobParks2M⏩
nah 1k isn't crippling bruh, but if going into a mortgage would be more cost efficient than saving + paying rent I was wondering if that would be the way to go. Between the 2 of us we should theoretically be able to top 200k/year but I won't count those chickens till they hatch.
If you are making a combined $200k/year and can't max your retirement accounts (you said it yourself about only putting in the 3% match) then you need to re-evaluate your finances.

I know a lot of people that theoretically make XYZ money.
post 1484396291 02-20-2017, 09:10 PM
-
#203
  1. Dude.Jon
  2. Pronouns I/Me/My
  1. Dude.Jon
  2. Pronouns I/Me/My
  3. Join Date: Dec 1969
  4. Location: Quintana Roo, Mexico
  5. Posts: 6,278
  6. Rep Power: 45908
There should be a whatsapp group for miscers who do this and those who are getting started. I can get a site to the first page of Google searches but haven't went far enough to profit off ads. Say you have an informational website with 100k visits a month, how could you maximize ad revenue?
Disagree with a Marxist and you will be targeted as part of the problem.
post 1484396811 02-20-2017, 09:15 PM
-
#204
  1. RobParks2M
  2. mad hatter
  1. RobParks2M
  2. mad hatter
  3. Join Date: Nov 2016
  4. Posts: 17,300
  5. Rep Power: 92038
Originally Posted By donblaximus⏩
If you are making a combined $200k/year and can't max your retirement accounts (you said it yourself about only putting in the 3% match) then you need to re-evaluate your finances.

I know a lot of people that theoretically make XYZ money.
Yeah I have to read up before next year on where things max out and where to put money to maximize my future returns. I'll have to look at my benefits and see what all I am offered. I'll probably have to consult with my pops about the IRAs and 401Ks to figure out where to store it. In the meantime I am trying to keep cost of living low on the other end so we can travel, pay off loans, and save without living living like plebs.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1484396941 02-20-2017, 09:16 PM
-
#205
  1. anonkunbrah
  1. anonkunbrah
  3. Join Date: Jul 2015
  4. Posts: 52,513
  5. Subscribers: 1
  6. Rep Power: 372923
mirin that boned ollie avi. did i inspire you to put up a skate avi?
post 1484397821 02-20-2017, 09:25 PM
-
#206
  1. ashin1
  2. Registered User
  1. ashin1
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Canada
  5. Age: 35
  6. Posts: 15,547
  7. Rep Power: 45160
Originally Posted By anonkunbrah⏩
mirin that boned ollie avi. did i inspire you to put up a skate avi?
was waiting for you to notice
***Strong 2nd Reply Crew***
post 1484399891 02-20-2017, 09:47 PM
-
#207
  1. SmokeyNYY
  2. Registered User
  1. SmokeyNYY
  2. Registered User
  3. Join Date: Dec 2016
  4. Location: United States
  5. Age: 39
  6. Posts: 124
  7. Rep Power: 341
Yeah you are right.

Passive income is the way to go

100 g's a year in dividends is pretty tight

upload image online free
post 1484403431 02-20-2017, 10:24 PM
-
#208
  1. FunnyWeasel
  2. BlackWeasel
  1. FunnyWeasel
  2. BlackWeasel
  3. Join Date: Jun 2012
  4. Posts: 6,323
  5. Rep Power: 23875
Originally Posted By lukeaye⏩
phucking lol.

Neither you have any understanding of economics.

I can tolerate no more of this uneducated circle jerk.

have fun with your imaginary wealth creation.
we can go back and forth on whose an uneducated pleb and whose giving out false information left and right, the real deal here is the current situation of the economy overall.

If you have debt, you can't invest. I get paid a wage that hasn't kept up with inflation. I'm living at home and the stock market is obviously overvalued right now. There has to be a correction later on. OP is in Canada investing in Canadian stocks. Wtf a Midwestern dude such as myself got to do with finding passive income through stocks?
Black Miscer Crew
Underbite Crew
Crimson Chin Crew
24 Inch Vertical Jump Crew
5.9 40 yard dash Crew
http://www.youtube.com/TheStrongWeasel
post 1484403481 02-20-2017, 10:25 PM
-
#209
  1. Muddschell
  2. Swole Member
  1. Muddschell
  2. Swole Member
  3. Join Date: Feb 2009
  4. Location: Florida, United States
  5. Age: 39
  6. Posts: 3,157
  7. Rep Power: 2982
Originally Posted By SmokeyNYY⏩
Yeah you are right.

Passive income is the way to go

100 g's a year in dividends is pretty tight
How much money did you lose in DRYS so far?
USAF - 12S

B.S. Exercise Science

***iForce Nutrition Spiking Thread. Their CEO never responded when confronted.***

http://forum.obnoxiousbrutes.com/showthread.php?t=168563583
post 1484403711 02-20-2017, 10:28 PM
-
#210
  1. jwlee7ucla
  2. Registered User
  1. jwlee7ucla
  2. Registered User
  3. Join Date: Jul 2011
  4. Age: 40
  5. Posts: 11,726
  6. Rep Power: 21966
Originally Posted By RobParks2M⏩
Lmao Ashin. Fun fact: I bought TGA as an Ameribruh and I got reemed on stupid Canadian taxes on the divvy + my taxes cost me an extra $20 for 2 years to deal with the foriegn income which essentially got rid of my profitability. Luckily it canceled the dividend so my taxes are cheaper to prepare again, but tfw sitting on a 40% loss on TGA fukin lmao. But a solid life lesson now that cost me like $50 instead of finding out when pushing a 50k+ account.
These type of mistakes is the experience some people need to get to where they want to be in the future. I've made many like these lol
Living a happy life
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts