If you don't know anything about status or how to attain it, stop giving advice.

[Urbanyst]

@Urbanyst

You know there is no "in crowd" how?

There is ALWAYS an in crowd and groups where hot girls run in and associate with, it doesn't end in high school, college, or the 20s. In fact there is always an inner circle of people that includes hot girls, important guys, and important social experiences. Denying it shows me you have no idea of what you are talking about.

You can make a lot of money and still struggle to get hot girls because of this very reason, you have no status in the right crowds.

Did you even read my post?

 

[skinnyguy]

Did you even read my post?

OP is an angry 12 year old lesbian who gets off on writing about how her race screwed her over in life.

 

[bigneil]

I wonder how many of the posters on here earn over £100,000 $130,000 per year?
Keep liftting weights bros!

In the past 18 months I earned $310,000 after taxes (about $366,000 annualized salary equivalent). Or 3 times what your challenge refers to.
(And yes, keep lifting).

 

[BeExcellent]

I make about what Neil makes in any given year & have for a number of years. I've deployed that income to build net worth & wealth.

Fruitbat makes solid six figures & so do others here.

But there is something to be said for the way your perspective changes as you get older. I'm dating a multi millionaire who is in his mid 50s. He's got houses, cars, a cabin cruiser & a motorcycle. He likes the best and appreciates the best. Can afford to eat out at the best places every day & night.

For all his money he regrets never having a family or kids. He regrets going through women like a rock star and never taking time to build a life with someone. He has all these beautiful kitchens & doesn't cook & nobody cooks for him. He is attractive & smart & witty (and therefore picky about who he dates...). He could have young "hood ornaments" as he calls young pretty women. And he does not relate to them at all. He wants more depth. He wants to be understood.

He wants family & intimacy. Money will not buy him those things.

One can always make money. Other things are more important.

In fact the more wealth you have the more wary you must be regarding the motivation of the people you date. Are they dating you solely because you have money? Would they give you the time of day if you lost everything?

That becomes an unfortunate thing to have to navigate. Who are your real friends? So yes, money is great. I highly recommend it. But don't fool yourself about what it can and cannot provide.

 

[bigneil]

I make about what Neil makes in any given year & have for a number of years. I've deployed that income to build net worth & wealth..

I'll show a Wells Fargo screenshot of my deposits for the past 18 months, will you? And will you bet me $1000 I made more? I'm not talking about your bogus home equity, underwritten by your soldier boy's daddy, which will cause the next housing bubble.

As I've learned since 1987, hot women change their mind too often for me to give them access to that bank account.

 

[Julian]

All u rich bastards lets see the proof. Besides your age being old as fuk, some of your stories of making hundreds of thousands a year is old as fuk too.

Prove it @bigneil @BeExcellent

Otherwise im calling BS.

 

[bigneil]

All u rich bastards lets see the proof. Besides your age being old as fuk, some of your stories of making hundreds of thousands a year is old as fuk too.

Prove it @bigneil @BeExcellent

Otherwise im calling BS.

First of all, did you think you'd make less money when you were older? You Millennials will never take our jobs,.

Second, you guys have my word, this is real (note this equals about $500,000 pre-tax, or $333,333 per year). Let's see mommy prove herself.

Note: I did this by having several contracts paying $80-$85 per hour, 40 hours per week, Corp to Corp 1099.

 

[bigneil]

(The IRS takes about 1/3 in that graduated (meaning the more you make, the exponentially more illegal aliens you support because it's only fair) tax bracket, so 18 months gross = 12 months net).

 

[Julian]

First of all, did you think you'd make less money when you were older? You Millennials will never take our jobs,.

Second, you guys have my word, this is real (note this equals about $500,000 pre-tax, or $333,333 per year). Let's see mommy prove herself.

Note: I did this by having several contracts paying $80-$85 per hour, 40 hours per week, Corp to Corp 1099.

Ok bigneil i give you props.thats alot of dough. If i had that kind of coin id be a God amongst men

 

[Good Gao]

You don't have to like @bigneil but you do have to respect him.

 

[playa99]

Lol I've been out on the town tonight for the first time in a solid 4 months and could have killed it had I not been in a LTR. I spoke to 5 girls and had them all in the palm of my hand

I know who I am. I earn nearly 6 figures at 25. And I will do 6 figures in 2018. That doesn't matter anyway.

I know who I am and am comfortable with myself! That is the key. It wouldn't have mattered if I earned $15k like I did 2 years ago. When I got into an LTR I earned $5k a year!

Value isn't necessarily money, it is the traits that generating wealth requires!

 

[RichardTheFrog]

I make about what Neil makes in any given year & have for a number of years. I've deployed that income to build net worth & wealth.

Fruitbat makes solid six figures & so do others here.

But there is something to be said for the way your perspective changes as you get older. I'm dating a multi millionaire who is in his mid 50s. He's got houses, cars, a cabin cruiser & a motorcycle. He likes the best and appreciates the best. Can afford to eat out at the best places every day & night.

For all his money he regrets never having a family or kids. He regrets going through women like a rock star and never taking time to build a life with someone. He has all these beautiful kitchens & doesn't cook & nobody cooks for him. He is attractive & smart & witty (and therefore picky about who he dates...). He could have young "hood ornaments" as he calls young pretty women. And he does not relate to them at all. He wants more depth. He wants to be understood.

He wants family & intimacy. Money will not buy him those things.

One can always make money. Other things are more important.

In fact the more wealth you have the more wary you must be regarding the motivation of the people you date. Are they dating you solely because you have money? Would they give you the time of day if you lost everything?

That becomes an unfortunate thing to have to navigate. Who are your real friends? So yes, money is great. I highly recommend it. But don't fool yourself about what it can and cannot provide.

What did you do before you invested in real estate? You said you received no help from your parents, right?

 

[RichardTheFrog]

Ok bigneil i give you props.thats alot of dough. If i had that kind of coin id be a God amongst men

My dad makes that every 2 weeks.

The majority owner of his company makes that in less than a week.

Warren Buffett wipes his a$ s with it.

I am lucky to have witnessed my dad "get rich" about 6 years ago. Prior to 2011, he said he never had more than $1,000 in his bank account.

The only things it changes in your life are:

-If it's passive income, you no longer have to go into work
-You can afford to travel
-You can waste money on things like cars
-You don't have to worry if monthly bills or an expensive meal is going to bankrupt you.

It doesn't bring eternal happiness, and my dad did not become a "playboy" at the age of 49, although I'm not sure he had the desire to.

 

[BeTheChange]

My dad makes that every 2 weeks.

The majority owner of his company makes that in less than a week.

Warren Buffett wipes his a$ s with it.

I am lucky to have witnessed my dad "get rich" about 6 years ago. Prior to 2011, he said he never had more than $1,000 in his bank account.

The only things it changes in your life are:

-If it's passive income, you no longer have to go into work
-You can afford to travel
-You can waste money on things like cars
-You don't have to worry if monthly bills or an expensive meal is going to bankrupt you.

It doesn't bring eternal happiness, and my dad did not become a "playboy" at the age of 49, although I'm not sure he had the desire to.

Money trumps everything for the reasons you mentioned. Because if you have money you could never get laid again and still have an enjoyable life.

Currently at the tail end of a near 3 week vacation to the East Coast of the states. Luxury apartment in NYC, hot dimes and fun days.

Can't wait until I'm making enough money / hold enough income generating assets to pursue a "4 hour work week" and spend more time on my actual passions like travelling, football, music, health and fitness, etc.

Anyone who says money doesn't buy happiness isn't using it properly. I'm having a great time.

 

[skinnyguy]

Lol I've been out on the town tonight for the first time in a solid 4 months and could have killed it had I not been in a LTR. I spoke to 5 girls and had them all in the palm of my hand

I know who I am. I earn nearly 6 figures at 25. And I will do 6 figures in 2018. That doesn't matter anyway.

I know who I am and am comfortable with myself! That is the key. It wouldn't have mattered if I earned $15k like I did 2 years ago. When I got into an LTR I earned $5k a year!

Value isn't necessarily money, it is the traits that generating wealth requires!

When I was a college kid, money didn't matter cause college girls don't care about money they care about social status,

At my age now, you better have the money or else no point trying.

 

[BeExcellent]

What did you do before you invested in real estate? You said you received no help from your parents, right?

My dad did pay for my undergraduate degrees (I earned both a BS & a BA in 4 years) and my senior year in college he bought me my first car, a beater, (after somebody hit me on my bicycle...-fortunately I was not seriously hurt-). Looking back that was good because when I got out of college I didn't have any student loan debt and I had functional transportation. But beyond that? No help. Not even spending money. For that I had part time jobs on or near campus.

I went to graduate school on my dime (and made a 4.0 because less than that was disrespectful of my own money). I went straight to work full time after college graduation, as in the Monday after graduation. I made peanuts for a number of years (as in less than 20K annually...academia does not pay well!)

As far as what I do I'm a consultant in healthcare. Like Neil I earn about $85 hour per client per contract. I also have 45 rental units. The annual rents are about 140K to 160K depending on the vacancy rate. In a full earning year consulting I earn roughly 200K. So 200K consulting plus 150K-ish gives 350K, of which the rental income portion is passive.

I first made 150K+ at age 32. I have consistently done that ever since. By age 35 I was supporting my family solely on my income alone. This with a bachelor level education. Also at 35 I got serious about real estate investing.

So that is just the income side. Equity is about 1.2M on a portfolio worth 1.8M or so in the current markets (I'm regionally diversified). So I do still have debt service on about 600K, but the portfolio carries that easily. Many of my units are free and clear. My net worth is over 1M. So I'm a millionaire, but not a multimillionaire, not yet.

I could quit tomorrow and live on the passive income, but I'm saving for college costs and optimizing the portfolio (accelerating debt service). Once I pay off a handful more houses (this year and next) I'll drop out of the workforce for a while to be home with my kids full time as they get ready to leave the nest. And I'll do it with a 100K passive income. I will likely take the occasional part time consulting client while I put them through college. Once you have children your priorities change.

My story and more details are in the Wealth and Success forum. See http://www.sosuave.net/forum/threads/success-starts-between-your-ears.237089/

 

[BeExcellent]

-If it's passive income, you no longer have to go into work
-You can afford to travel
-You can waste money on things like cars
-You don't have to worry if monthly bills or an expensive meal is going to bankrupt you.

Correct. It's really nice to buy something you want or eat out where ever you like without worry. Sometimes a really nice meal out with my family can run over $500 in a high end venue. No problem. If somebody needs clothes or shoes...or lacrosse equipment...no problem. If my son's school has a trip overseas...no problem. If I like a painting or a bauble, no problem.

The thing I have to be concerned with is that my kids are growing up with a certain lifestyle. Their friends at school think they are rich. They aren't. I will teach them everything I can and I'm planning to pay for college as my father did for me. Beyond that I will assist them only on the merits. If there is wealth when I die, I will hope I have taught them sufficient skills, and that they will have learned sufficient skills to deploy and manage that wealth intelligently. If I don't trust their ability in adulthood I'll give it to charity when I'm gone. My kids already know this.

 

[Trainwreck]

No offense, but if we had status we would probably not be on this site.

 

[RichardTheFrog]

My dad did pay for my undergraduate degrees (I earned both a BS & a BA in 4 years) and my senior year in college he bought me my first car, a beater, (after somebody hit me on my bicycle...-fortunately I was not seriously hurt-). Looking back that was good because when I got out of college I didn't have any student loan debt and I had functional transportation. But beyond that? No help. Not even spending money. For that I had part time jobs on or near campus.

I went to graduate school on my dime (and made a 4.0 because less than that was disrespectful of my own money). I went straight to work full time after college graduation, as in the Monday after graduation. I made peanuts for a number of years (as in less than 20K annually...academia does not pay well!)

As far as what I do I'm a consultant in healthcare. Like Neil I earn about $85 hour per client per contract. I also have 45 rental units. The annual rents are about 140K to 160K depending on the vacancy rate. In a full earning year consulting I earn roughly 200K. So 200K consulting plus 150K-ish gives 350K, of which the rental income portion is passive.

I first made 150K+ at age 32. I have consistently done that ever since. By age 35 I was supporting my family solely on my income alone. This with a bachelor level education. Also at 35 I got serious about real estate investing.

So that is just the income side. Equity is about 1.2M on a portfolio worth 1.8M or so in the current markets (I'm regionally diversified). So I do still have debt service on about 600K, but the portfolio carries that easily. Many of my units are free and clear. My net worth is over 1M. So I'm a millionaire, but not a multimillionaire, not yet.

I could quit tomorrow and live on the passive income, but I'm saving for college costs and optimizing the portfolio (accelerating debt service). Once I pay off a handful more houses (this year and next) I'll drop out of the workforce for a while to be home with my kids full time as they get ready to leave the nest. And I'll do it with a 100K passive income. I will likely take the occasional part time consulting client while I put them through college. Once you have children your priorities change.

My story and more details are in the Wealth and Success forum. See http://www.sosuave.net/forum/threads/success-starts-between-your-ears.237089/

So if your portfolio is $1,800,000 and you have 45 units, that's $40,000/unit?

What part of the country do you live in? Those seem like cheap units. What type of properties are they?

Is your usual purchasing strategy to purchase with 20% down?

 

[RichardTheFrog]

No offense, but if we had status we would probably not be on this site.

Didn't you read my post about European feudalism? There's no such thing as status.

Please don't tell me I'm supposed to respect the local disc jockey or the bottle girls downtown.

I know guys that make $20 million/year. Is that status? Well... they're just normal guys. They're not above the law.... and even the law isn't above the law.

I don't respect LeBron James or Stephen Curry, either. Not impressed by people that play a game no matter how many millions of people watch them play. Nor do I respect famous actors/actresses. And I especially don't respect female singers like Katy Perry, Britney Spears, or whoever the kids like these days. Absolutely can't stand them. They have no status in my eyes.