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Forum ยป I am set for life. AMA
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Thread: I am set for life. AMA

post 1533865671 11-07-2017, 06:39 PM
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Originally Posted By quadfecta⏩
You can't talk, needed a 43k interest free loan from your parents to buy land so you can use your own money on personal investments. Talk about profiting off your parent's generosity thenpassing it off like they didn't have a major role in where you are today.
before that loan(1.5 years ago) my network was over $200k

my parents also gave me that money because they knew i could flip it faster than they could.
are you against parents helping out their family members?
Originally Posted By r32gojirra⏩
Dear lord I shudder to think what abuses you must have endured at 15 to make your current lot in life seem tolerable.

I guess it's like that old saying about the guy feeling blue about having no shoes, until he met the guy with no feet.

Misc can we start some kind of kickstarter or something to help out op, and others in need?
when i was 15, i ran the family business(grocery store) whenever my parents asked (would vary from a few shifts to entire weeks during summer) and in exchange they bought me skateboards and shoes whenever i wreck my old gear. thought it was a good trade at time.

you on the other hand are on the misc coping and the salt is very obvious, while i am answering questions. you are not needed here. unless you have a legit question or want to learn from me
Originally Posted By PeaceWithin⏩
Lol. I'm also 27, still have 8k in student loan debt, and currently in school to become a nurse practitioner (+30k more in loans). Totally happy with where I am in life... People can make fun of OP all they want, or tell me I'm running on poverty time, but there will always be someone better off and someone worse off than you are...
das it mayne, I worked with plenty of NPs, you are gonna make it brah its a respectable career, with plethora of opportunities
Originally Posted By VaiKing⏩
as me being a 1/10 on investing (0 being mentally challenged and 10 is Warren Buffet)

what would you recommend me to do to get started on this brah? srs question
my first book was:

the Lazy investor
by Derek foster

That is how i invest my money with stocks
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post 1533865861 11-07-2017, 06:41 PM
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Lmao so you were worth over 200k and making 6 figures at your job yet still felt the need to ask your parents for a loan totaling more than the average salary? You're leaving something out here. Most sensible parents wouldn't loan their kids that kind of money unless they needed it, which you didnt.
post 1533865921 11-07-2017, 06:42 PM
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Op do you still get supremely rustled when people refer to you as a "welfie"? Or are you more or less ok with it these days?
post 1533866071 11-07-2017, 06:43 PM
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Originally Posted By quadfecta⏩
Lmao so you were worth over 200k and making 6 figures at your job yet still felt the need to ask your parents for a loan totaling more than the average salary? You're leaving something out here. Most sensible parents wouldn't loan their kids that kind of money unless they needed it, which you didnt.
Like I said, why does anyone believe these fools on here..
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post 1533866091 11-07-2017, 06:43 PM
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What's the point of this thread? Do you need validation from Miscers?
post 1533866291 11-07-2017, 06:46 PM
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frauding *******
Your schtick sucks and it screams insecurity.
post 1533866511 11-07-2017, 06:47 PM
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Originally Posted By metallicide⏩
Like I said, why does anyone believe these fools on here..
I mean I get parents helping out their kids to buy homes, but it's typically when the kids aren't making 6 figures and have over 200k net worth. If I was that well off I would feel like an absolute POS for asking for 43k to buy a fukking trailer home. None of it makes sense
post 1533866551 11-07-2017, 06:48 PM
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Originally Posted By HockeyJon⏩
What's the point of this thread? Do you need validation from Miscers?
See above. Experience is a harsh teacher. It sets the exam before giving the lesson.

Op has bravely set out where he went wrong in life so others don't repeat his mistakes, and he should be applauded for that. There are plenty of people living in trailer parks or worse without the same level of introspection.
post 1533866761 11-07-2017, 06:50 PM
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Originally Posted By digital022⏩
frauding *******
Explain to the misc why someone would fraud about living in a trailer park (inb4 burtle)
post 1533866971 11-07-2017, 06:52 PM
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Originally Posted By quadfecta⏩
Lmao so you were worth over 200k and making 6 figures at your job yet still felt the need to ask your parents for a loan totaling more than the average salary? You're leaving something out here. Most sensible parents wouldn't loan their kids that kind of money unless they needed it, which you didnt.
my parents offered to give me the money, and my mom in particular wanted me to take it.

back story:
When i was 19, i was helping my parents make their mortgage for about a year, and when they sold the business after flipping it i never asked for anything in return. so my mom thought this as a favor to return to me, she would always tell me that she should help me front a down payment on my first home.
Originally Posted By r32gojirra⏩
Op do you still get supremely rustled when people refer to you as a "welfie"? Or are you more or less ok with it these days?
lol no that's clearly you
Originally Posted By metallicide⏩
Like I said, why does anyone believe these fools on here..
then don't be leaf
Originally Posted By HockeyJon⏩
What's the point of this thread? Do you need validation from Miscers?
its an AMA, some people are curious about investing i would imagine
Originally Posted By digital022⏩
frauding *******
don't know what you are talking about m8
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post 1533867331 11-07-2017, 06:55 PM
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Originally Posted By ashin1⏩
currently $150k sitting in a retirement account compounding it's dividends month over month(no longer need to contribute, by the time i am 65 it will be worth millions)
strong math skills.
post 1533867541 11-07-2017, 06:58 PM
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#72
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Originally Posted By dyee4613⏩
strong math skills.
38 years is a long time to compound...

ever heard of exponential growth?
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post 1533867641 11-07-2017, 06:59 PM
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How do I build a joocy chest OP?
post 1533868461 11-07-2017, 07:08 PM
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#74
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Originally Posted By ashin1⏩
2 properties that will be paid off within 2 years, and will have 0 debt by then

currently $150k sitting in a retirement account compounding it's dividends month over month(no longer need to contribute, by the time i am 65 it will be worth millions)

6 figure job, that isn't soul sucking, and enjoyable.

GF of almost 3 years, to which i am blessed she has put up with me for this long and still chooses to love me.



If i can make it so can you

AMA

<3
why the brag op, serious?
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post 1533868571 11-07-2017, 07:09 PM
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Originally Posted By ashin1⏩
38 years is a long time to compound...

ever heard of exponential growth?
150k at an annual return of 7% over 38 years is a little under 2 million.
post 1533868841 11-07-2017, 07:13 PM
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lol Page 3? How have you fools not realized that ashin is roll bread. He is but a deranged man who portrays a character online. He is not very creative with the details of this character and his life, but he somehow manages to convince people through sheer repetition.

Take a moment to consider all that you know about him and how nothing about his life adds up in any sensible way. Yet despite these overt inconsistencies he has managed to convince you that he exists by simply posting the same nonsense over and over. I honestly admire his dedication.
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Rustle me = get repped
post 1533868891 11-07-2017, 07:14 PM
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#77
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OP, what do you do for a living?
post 1533868931 11-07-2017, 07:14 PM
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#78
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Originally Posted By dyee4613⏩
strong math skills.
Actually OP isn't wrong. But it assumes a 7-8% interest rate and that he doesn't have any bad years, no crashes in the market, etc.





2 million isn't bad.......?
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post 1533869961 11-07-2017, 07:27 PM
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Tips on how to make it? I owuld be fine just by semi making it, wanna get retired a bit earlier than 68 years old without living in dog chit poverty.


inb4 work hard. We both know that's not how it works


I'm a lazy **** anyways, I'm smart and have high IQ but I just can't do things that I don't fancy at all, my attention span is literally terrible. Don't really mind living like an average guy anyways, my needs don't require me to be above average in terms of income, only thing I truly wish for is to somehow having made it in my 50's so I can retire a bit earlier
Sig line can't be a novel
post 1533870061 11-07-2017, 07:28 PM
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Originally Posted By PisseninMisc⏩
lol Page 3? How have you fools not realized that ashin is roll bread. He is but a deranged man who portrays a character online. He is not very creative with the details of this character and his life, but he somehow manages to convince people through sheer repetition.

Take a moment to consider all that you know about him and how nothing about his life adds up in any sensible way. Yet despite these overt inconsistencies he has managed to convince you that he exists by simply posting the same nonsense over and over. I honestly admire his dedication.
He's not trolling but at the same time, he's not as rich and successful as he makes himself out to be.
post 1533870121 11-07-2017, 07:29 PM
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I'm not sure why some posters here get so upset that OP said something good about himself. I know the types, they're generally unhappy with themselves and just don't like hearing about the happiness of others.

I've also noticed that successful people LOVE seeing other people do well and encourage them. So I only assume that the posters here who actually give a decent response are doing ok in life.

On that note, good job OP. I recognize your avi and know that you're doing well, continue to coach other people. Nothing wrong with being happy that your life is going well, and nothing wrong with sharing it. GJDM.
post 1533870151 11-07-2017, 07:29 PM
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Originally Posted By Predominant⏩
How do I build a joocy chest OP?
good form, push ups every day crew
Originally Posted By Manletbolic⏩
why the brag op, serious?
gotta start this thread off hot nom saying?
Originally Posted By PisseninMisc⏩
lol Page 3? How have you fools not realized that ashin is roll bread. He is but a deranged man who portrays a character online. He is not very creative with the details of this character and his life, but he somehow manages to convince people through sheer repetition.

Take a moment to consider all that you know about him and how nothing about his life adds up in any sensible way. Yet despite these overt inconsistencies he has managed to convince you that he exists by simply posting the same nonsense over and over. I honestly admire his dedication.
pmd proof
Originally Posted By stardewvalley⏩
OP, what do you do for a living?
emergency room technician specializing in Diagnostics

Originally Posted By PeaceWithin⏩
Actually OP isn't wrong. But it assumes a 7-8% interest rate and that he doesn't have any bad years, no crashes in the market, etc.





2 million isn't bad.......?
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post 1533870271 11-07-2017, 07:30 PM
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OP is not a nurse, OP is a nurse's assistant, he makes so much money because he lives in a desolate Tundra where even McDonald's workers make $30+ dollars an hour, because no one wants to live there.
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 1533870381 11-07-2017, 07:31 PM
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cringe
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post 1533870591 11-07-2017, 07:34 PM
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Originally Posted By PeaceWithin⏩
Actually OP isn't wrong. But it assumes a 7-8% interest rate and that he doesn't have any bad years, no crashes in the market, etc.
I don't know where you came up with your numbers but the formula is 150k(1 + X%)^38.

Edit: I looked at the graph again...why are you using monthly compounding, that makes no sense.

Over the past 30 years or so, the S&P 500 has returned 7.52% (inflation adjusted). As a rule, you should assume the average investor is not going to do as well as the S&P as professional investors usually do worse than the S&P. So, the 7% I went as high as anyone should go, especially when you consider he suggested using DRIP with a retirement account.

Here is an idea of how important the %'s are

6% it's 1.3 mill
7% its' 1.9 mil
8% it's 2.7 mil

I used 7% to be chariable and to show that even with 7% he still doesn't reach the most liberal definition of millions
post 1533870671 11-07-2017, 07:34 PM
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Originally Posted By ashin1⏩
38 years is a long time to compound...

ever heard of exponential growth?
2 mil if all goes well, not exactly a fortune. If you had 10 mil right now it would be 140 mil, that's what the real ballers are working with
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post 1533870931 11-07-2017, 07:38 PM
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Originally Posted By dyee4613⏩
I don't know where you came up with your numbers but the formula is 150k(1 + X%)^38.

Edit: I looked at the graph again...why are you using monthly compounding, that makes no sense.

Over the past 30 years or so, the S&P 500 has returned 7.52% (inflation adjusted). As a rule, you should assume the average investor is not going to do as well as the S&P as professional investors usually do worse than the S&P. So, the 7% I went as high as anyone should go, especially when you consider he suggested using DRIP with a retirement account.

Here is an idea of how important the %'s are

6% it's 1.3 mill
7% its' 1.9 mil
8% it's 2.7 mil

I used 7% to be chariable and to show that even with 7% he still doesn't reach the most liberal definition of millions
I think you're probably not including OP's annual contribution to that, you're just assuming his stock portfolio stays stagnant at that amount. If he's under 30 and has accumulated $150k in savings on his own, safe to assume he saves a big portion of his income and can continue that trend.

Include the expected annual savings from income, compound that annually, he'll do very well. Keep it up OP. Don't get flashy too quick.
post 1533870981 11-07-2017, 07:38 PM
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Originally Posted By dyee4613⏩
I don't know where you came up with your numbers but the formula is 150k(1 + X%)^38.

Edit: I looked at the graph again...why are you using monthly compounding, that makes no sense.

Over the past 30 years or so, the S&P 500 has returned 7.52% (inflation adjusted). As a rule, you should assume the average investor is not going to do as well as the S&P as professional investors usually do worse than the S&P. So, the 7% I went as high as anyone should go, especially when you consider he suggested using DRIP with a retirement account.

Here is an idea of how important the %'s are

6% it's 1.3 mill
7% its' 1.9 mil
8% it's 2.7 mil

I used 7% to be chariable and to show that even with 7% he still doesn't reach the most liberal definition of millions
Fair enough. Like I said, for what I posted he would have to have a perfect 38 year run. Some bad years and dips in the market would definitely set him back.

The biggest takeaway is that OP shouldnotstop contributing to his fund for 38 years... that is the worst choice he could make...
Originally Posted By Hadtodoit⏩
I think you're probably not including OP's annual contribution to that, you're just assuming his stock portfolio stays stagnant at that amount. If he's under 30 and has accumulated $150k in savings on his own, safe to assume he saves a big portion of his income and can continue that trend.

Include the expected annual savings from income, compound that annually, he'll do very well. Keep it up OP. Don't get flashy too quick.
OP basically said he plans to stop contributing, lol. So.... yeah. He would do substantially better if he kept contributing a high amount.
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post 1533871201 11-07-2017, 07:41 PM
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#89
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i have a question for you. can you stop making such sh!t threads?
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post 1533871211 11-07-2017, 07:41 PM
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Do you feel superior to other people? Srs.
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