Druff let's play, I'll win so prove me wrong!
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Druff let's play, I'll win so prove me wrong!
EZ game
did you kill your dad for insurance money?Quote:
Originally Posted by garrett
It’s interesting, all the different definitions of millionaire...
1. Assets worth a million, that’s the lamest.
2. Net worth of a million, still lame
3. Have at least $1M in liquid investments...ok, not bad
4. Make $1M per year...baller!
Millionaire in pesos or some such silliness doesn’t count.
Congrats on your accident settlement, now make sure you get a good advisor so you don’t end up broke!
Can you tell us how you came into such money?
tsla options?
What are you on H or something?
No, there is one definition of a millionaire
-a person whose assets are worth one million dollars or more.
Whether lame in your opinion, or not,
1 + 2 are both millionaires.
You should join Dwai's GED #TrumpTrain group, or quit drugs.
Quote:
Originally Posted by Texter
How does that make sense? If I have $50k in the bank and take out a loan on a $1M house, now I’m a millionaire?Quote:
Originally Posted by JimmyG_415What are you on H or something?
No, there is one definition of a millionaire
-a person whose assets are worth one million dollars or more.
Whether lame in your opinion, or not,
1 + 2 are both millionaires.
You should join Dwai's GED #TrumpTrain group, or quit drugs.
Quote:
Originally Posted by Texter
Don’t think so. Must be net worth.
Quote:
Originally Posted by 1marley1How does that make sense? If I have $50k in the bank and take out a loan on a $1M house, now I’m a millionaire?Quote:
Originally Posted by JimmyG_415
Don’t think so. Must be net worth.
is the net worth of the house 1m and do you own it? cuz thats a millionaire.
Quote:
Originally Posted by sonatineQuote:
Originally Posted by 1marley1
is the net worth of the house 1m and do you own it? cuz thats a millionaire.
Define ‘own’. I mean I bought it. But the bank ‘owns’ it till I pay them. If I sold it tomorrow, I’m back to my original $50k+equity.
Quote:
Originally Posted by 1marley1Quote:
Originally Posted by sonatine
Define ‘own’. I mean I bought it. But the bank ‘owns’ it till I pay them. If I sold it tomorrow, I’m back to my original $50k+equity.
point. own as in its paid for and has current value 1m, as in you can convert it to 1m in cash via sale.
if you have assets you can convert to 1m in cash and you have 0 debt, you're a millionaire.
mortgage would be considered debt here.
if this is how one proves they are a millionaire, then I guess yebsite's been a millionaire for years now and we never realized...Quote:
Originally Posted by garrett
Exactly my point...can be defined many ways and they are all correct but can be misleading.Quote:
Originally Posted by 1marley1How does that make sense? If I have $50k in the bank and take out a loan on a $1M house, now I’m a millionaire?Quote:
Originally Posted by JimmyG_415
Don’t think so. Must be net worth.
You will have to forgive Jimmy as English is not his first language.
Quote:
Originally Posted by splitthis
:this
in debts, right?
https://youtu.be/NwzaxUF0k18
congrats, call me
https://www.youtube.com/watch?v=04SLXwjJvqg
I think someone hacked your account and is using it to beg for chips on seals.
We still need some more details from garrett. Let's not get off track here.
He bought one hundred Bitcoins from Micon back in 2011 and didn't tell anyone.
Back then you could buy one Bitcoin for $5.
Now those Bitcoins are worth $1,172,600.
https://pbs.twimg.com/profile_images...5/_k9IHNVE.jpg
You peeps are thick, Garrett was involved in a serious accident and has collected insurance/damages. Problem is he had a head injury which hopefully isn’t going to affect his ability to spend the money wisely to last him his entire life. Get a good advisor and don’t tell people you know about your money, they will try to suck you dry.
Solid adviceQuote:
Originally Posted by splitthis
Congrats Garrett
Money can’t buy your brain function back though....I think he has lifelong deficits from the accident.
Life goal... scam 20,000 people out of $50Quote:
Originally Posted by garrett
Congratulations, Invest in Some Florida real estate to insure you never go bust, Stay out of Orlando for now, Prices are sky highQuote:
Originally Posted by garrett
Quote:
Originally Posted by splitthis
Reminds me of Michael Borovetz who scammed People at Airports out of like $300 a pop and then would gamble that $300 on Pai Gow, and lose. Rinse and repeat. He did this multiple times until he ended uo attempting to scam a Person who just happened to be a frequent Poster on 2+2 Poker Forum where they were BOTH Frequent Posters. He refused to give him any money and then the guy went to 2+2 Poker Forum and called out Michael for attempting to scam him and Michael admitted he knew there was a real possibility of him trying to scam someone who turned out to be a Poster on 2+2 Poker Forum and he still went ahead and did it. Michael got ragged and dragged so hard for his scam and he STILL pulled this scam. Eventually the thread was closed and Michael was permanently banned I believe.Quote:
Originally Posted by Salty_AusLife goal... scam 20,000 people out of $50Quote:
Originally Posted by garrett
to be fair he already had lifelong deficits before the accidentQuote:
Originally Posted by splitthis
Why is having assets worth a million lame? If one is debt free, has 400k in a 401(k), a paid for 600k house, that person is a millionaire. How is having a net worth of a million dollars lame? Having one million in liquid investments is great, but most (smart) people have their wealth tied up in a retirement account, or real estate. Finally, almost nobody makes one million dollars per year.Quote:
Originally Posted by Texter
The key to building wealth is being 100% debt free, having a 3-6 month emergency fund, and investing your money in good growth stock mutual funds. I personally like growth, growth and income, aggressive growth, and a little bit of international. I know Druff will disagree with this, but I do not own a single credit card. Nobody became wealthy because of stupid points or airline miles. Also, there is no such thing as "good debt."
Dave Ramsey and Chris Hogan put out a book called "Everyday Millionaires," which does a detailed study of over 10,000 millionaires. That's a relatively large sample size, and almost all of the people interviewed share the same money habits. I didn't mean to derail this thread, but I had to address the above comment.
Quote:
Originally Posted by Online VeteranWhy is having assets worth a million lame? If one is debt free, has 400k in a 401(k), a paid for 600k house, that person is a millionaire. How is having a net worth of a million dollars lame? Having one million in liquid investments is great, but most (smart) people have their wealth tied up in a retirement account, or real estate. Finally, almost nobody makes one million dollars per year.Quote:
Originally Posted by Texter
The key to building wealth is being 100% debt free, having a 3-6 month emergency fund, and invest their money in good growth stock mutual funds. I personally like growth, growth and income, aggressive growth, and a little bit of international. I know Druff will disagree with this, but I do not own a single credit card. Nobody became wealthy because of stupid points or airline miles. There is no such thing as "good debt."
Dave Ramsey and his team put a book out called "Everyday Millionaires," which does a detailed study of over 10,000 millionaires. That's a relatively large sample size, and almost all of the people interviewed share the same money habits. I didn't mean to derail this thread, but I had to address the above comment.
I have no disagreement when it comes to single digit millionaires.
Double digit and up use debt extensively. That is not the point you are trying to make though.
You do make a fair point... While Dave never approves of any kind of debt, he does talk about there being a difference of a person worth 1-5 million, and a person worth more than 5 million. If one is following his baby steps, they can be set for the rest of their life being debt free with a net worth of 1-5 million.Quote:
Originally Posted by DalyQuote:
Originally Posted by Online Veteran
I have no disagreement when it comes to single digit millionaires.
Double digit and up use debt extensively. That is not the point you are trying to make though.
* sets crystal ball to 20 minutes after online poker is legal again*
Quote:
Originally Posted by 1marley1How does that make sense? If I have $50k in the bank and take out a loan on a $1M house, now I’m a millionaire?Quote:
Originally Posted by JimmyG_415
Don’t think so. Must be net worth.
You can'ts bes this dums. Buy a 1milly house, 10 years later house worth 2milly you owe 500k. you bes a millyaire
Quote:
Originally Posted by splitthis
Agreed!
If it ain’t liquid(ish) it’s lame.
Good call by split, couldn't predict that his mom would be the shark.Quote:
Originally Posted by splitthis
Glad to see it worked out with little to no violence. GARRETT obv god.
Quote:
Originally Posted by Texter
As i say to my wife, we are the brokest millionaires I know.
Yep, every time my wife gets a “deal”, I tell her we are saving our way to the poorhouse.Quote:
Originally Posted by DalyQuote:
Originally Posted by Texter
As i say to my wife, we are the brokest millionaires I know.