Solid adviceOriginally Posted by splitthis
Congrats Garrett
Solid advice
Congrats Garrett
Money can’t buy your brain function back though....I think he has lifelong deficits from the accident.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Ronald Reagan
Life goal... scam 20,000 people out of $50
Congratulations, Invest in Some Florida real estate to insure you never go bust, Stay out of Orlando for now, Prices are sky high
-Allergic to the struggle
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.Life goal... scam 20,000 people out of $50
to be fair he already had lifelong deficits before the accident
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.
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.
Last edited by Online Veteran; 09-06-2020 at 05:41 PM.
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.
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.
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*
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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?
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
Agreed!
If it ain’t liquid(ish) it’s lame.
Good call by split, couldn't predict that his mom would be the shark.
Glad to see it worked out with little to no violence. GARRETT obv god.
PokerFraudAlert...will never censor your claims, even if they're against one of our sponsors. In addition to providing you an open forum report fraud within the poker community, we will also analyze your claims with a clear head an unbiased point of view. And, of course, the accused will always have the floor to defend themselves.-Dan Druff
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.
As i say to my wife, we are the brokest millionaires I know.
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