Originally posted by lincolnboy
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If you had it to do all over again...and wanted to get rich
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The post about equity ownership in a profitable business is spot on. Opportunities to do that on the private side are limited - for the vast majority of us the key to building wealth is long-term equity ownership of public companies (ie stocks). I've been fortunate enough over the last few years to spend a few minutes with some very successful individuals and have received this advice on numerous occasions.Last edited by slow99; 06-28-2015, 08:02 PM.Originally posted by davbrucasI want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.
Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?
You and slow99 should date. You both have passive aggressiveness down pat.
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And to build on slow99 response about building wealth through stocks / mutual funds
Max 401k in my twenties - $17,500 / per year
Max Roth IRA in my twenties - $5500 / per year
Live like broke college student .. roommates .. only go to bars with drink specials .. no debt ... part time jobs on top of full time job ..
Then just let the magic of compound interest take overLast edited by Y2KSilverGT; 07-01-2015, 08:25 AM.
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Originally posted by SMKR View PostWhat books are you guys currently reading?
Sent from my SAMSUNG-SM-G925A using Tapatalk
[ame]http://www.amazon.com/Booms-Busts-And-Billionaires-Stories-ebook/dp/B00TGSAGTM[/ame]
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I wouldn't change anything, but I'm also fortunate to be in the position that I am in and have been handed. I only hope to build off of and continue to grow. I do wish I hadn't spent some money on stupid shit though, but young and dumb make for good lessons. Atleast it was fun.
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