BillyPilgrim
Master Don Juan
- Joined
- Apr 9, 2021
- Messages
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Enjoy the boiling water, frog.These sky is falling threads are lame.
Enjoy the boiling water, frog.These sky is falling threads are lame.
At the risk of further derailment, Musk, along with Buffet, Bezos, and Gates, is planning on heavily mining lithium in an area of California where doing so is a very bad idea. They are drying up a giant toxic lake southeast of Palm Springs (the Salton Sea) that currently has underwater deposits, but also that not only has tons of toxins in the lake bed that would ruin the area, and is also right on top of the San Andreas Fault where the mining could trigger a massive earthquake (aka the "Big One"). Those in the know realize what kind of anti-hman ahole Gates is with his vaccine and depopulation fetishes, and the other three are "in the club" as George Carlin would say. Oh and btw, there was a massive earthquake triggered just to the south, in Mexico, by a lithium extraction plant that happened to occur on Easter Sunday back in 2009. Obv, destroying Southern California as we know it and possibly igniting the Ring of Fire wouldn't be good for the economy. (While the San Andreas doesn't run directly through LA, it would destroy major infrastructure and transportation routes that lead into it through the Banning Pass).I feel like you need to be hiding away in the basement with no internet to not see the sh1tty situation we are in.
Billionaires are shouting that we are in for a rude awakening soon on social media to their millionaires of followers. Especially the ones who have their businesses affected by these horrible policies like Elon Musk with Tesla and SpaceX. His raw materials are being effected by global economic downturn when countries like China are now limiting exports of the core materials needed in EV's. The EV industry will face heavy headwinds due to this. The interest rates are also crushing Tesla sales and he's doing the smart thing by quickly dropping prices to firesale what he can while the opposite is happening in the real estate market.
That isn't really a part of the demo calculation, it is the replacement rate of the older population that is becoming non productive and a net negative on production/consumption. There are many variables but if you do not have that key metric you are basically cooked as a nation and will be on the decline. You need that through the people having a higher replacement rate of children or immigration. India actually has a high rate of educated workforce and with technology/remote work/lower labor costs they are grabbing a growing percentage of skilled work. Of course they are far from perfect but on that alone that is going to give them a higher percentage of being a nation with an upward trajectory as opposed to the west that will be on the decline. That also doesn't mean India will surpass the west on living standards, just from a starting point of today will increase over time and western decrease over timeThe counter argument to this is that resources are finite and a lower population is desirable. You'll have short-term pain of course but you're much better off over the middle and longer terms.
I wouldn't say India has good demographics when it's extremely overcrowded, the quality of life is poor and over 50% of the population is under 25. Would they be better off with 2 billion people instead of the current 1.4 billion in an area not much larger than Mexico?
I see you belong to the hiding away in the basement crowd.
Hardly. I have no personal debt. 100k in Crypto, 10 million+ in real estate, pension, 250k+ in precious medals and 250k+ in various FDIC accounts. I also have CCP in CT and NY along with 5000k in bullets. I never say never, but to think the sky is falling is weak. It will be what it will be. I can only take so many precautions.I see you belong to the hiding away in the basement crowd.
The message and information isn't for you then. It's meant for the younger folk who haven't prepared and don't have their act together. Majority of the younger guys on this forum don't have even a 50th of that. Glad to see others are financially responsible and would be good to set examples and provide paths to achieving financial responsibility and freedom. Especially in an environment where the brainwashing is so strong everywhere that people are constantly confused and blind sided.Hardly. I have no personal debt. 100k in Crypto, 10 million+ in real estate, pension, 250k+ in precious medals and 250k+ in various FDIC accounts. I also have CCP in CT and NY along with 5000k in bullets. I never say never, but to think the sky is falling is weak. It will be what it will be. I can only take so many precautions.
I'm 37.The message and information isn't for you then. It's meant for the younger folk who haven't prepared and don't have their act together. Majority of the younger guys on this forum don't have even a 50th of that. Glad to see others are financially responsible and would be good to set examples and provide paths to achieving financial responsibility and freedom. Especially in an environment where the brainwashing is so strong everywhere that people are constantly confused and blind sided.
Exactly. Also, congrats on reaching middle age.I'm 37.
Most dudes are too focused on pvssy and b!tches instead of getting their financial game in order. Nearly living in poverty and the street can straighten a dude out real quick. That and the armed forces.
That is very impressive, especially by your age. Assuming 10m in RE is total value and not minus debt?Hardly. I have no personal debt. 100k in Crypto, 10 million+ in real estate, pension, 250k+ in precious medals and 250k+ in various FDIC accounts. I also have CCP in CT and NY along with 5000k in bullets. I never say never, but to think the sky is falling is weak. It will be what it will be. I can only take so many precautions.
Correct, that's the total amount. Most of the props. are worth near double what I paid for them. Nothing special, just rinse and repeat. BRRRR (buy, rehab, rent, refinance, repeat). One is moving every year (as per Fannie Mae's requirements), but I'm a minimalist, so it wasn't that hard.That is very impressive, especially by your age. Assuming 10m in RE is total value and not minus debt?
Yep, find your niche, become an expert in it and keep banging it out. As your wealth grows spread it out some to minimize downside. If you can avoid materialism/lifestyle creep upgrade trap for 5-10yrs and heavily invest, you're set. I did something similar, never was really flashy so not that hard and by the time you get there flexing isn't nearly as appealing.Correct, that's the total amount. Most of the props. are worth near double what I paid for them. Nothing special, just rinse and repeat. BRRRR (buy, rehab, rent, refinance, repeat). One is moving every year (as per Fannie Mae's requirements), but I'm a minimalist, so it wasn't that hard.
Very cool. In this day and age, the only one's who continue to improve themselves are the one's who hustle and carve out their piece of the world. We just keep on having to pivot to continue to excel in this world.Yep, find your niche, become an expert in it and keep banging it out. As your wealth grows spread it out some to minimize downside. If you can avoid materialism/lifestyle creep upgrade trap for 5-10yrs and heavily invest, you're set. I did something similar, never was really flashy so not that hard and by the time you get there flexing isn't nearly as appealing.
Recently started to get into a somewhat expensive hobby but if done correctly you can make money, so good balance for me since I hate just wasting it lol Basically buying cars on the cusp of being classics from the 80's/90's with a cult following, haven't had major price runs yet and in mint/stock/low mileage condition. Bought my first a month ago, loved the whole process of tracking down/researching/negotiating etc. Def doing another one
Completely agree, I actually really enjoy learning about this stuff and applying it, sounds like you do too. Most people look at you like you have two heads when you talk about anything not mainstream/standard, bar is pretty low lolVery cool. In this day and age, the only one's who continue to improve themselves are the one's who hustle and carve out their piece of the world. We just keep on having to pivot to continue to excel in this world.
I strive NOT to be average. Average is broke and a slave to debt. My old saying is, banks pay me, I don't pay the bank. Everyone should have four or five streams of income.Completely agree, I actually really enjoy learning about this stuff and applying it, sounds like you do too. Most people look at you like you have two heads when you talk about anything not mainstream/standard, bar is pretty low lol
Agree. My business, other investments and crypto make up vast majority. I have some commercial RE but nothing substantial. Trying to focus more on the income producing assets side but just being patient at this point and sitting in cash/tbills getting 5%+I strive NOT to be average. Average is broke and a slave to debt. My old saying is, banks pay me, I don't pay the bank. Everyone should have four or five streams of income.
Salary, rental income, dividends, side hustles and crypto for me.