It's sad how many webmasters are great at making money and horrible at managing it - Page 2 - GoFuckYourself.com

Shap · 07-11-2009, 12:25 PM

Quote:

Originally Posted by stever

he was referring to another company not the one you might be thinking of

DeanCapture · 07-11-2009, 12:29 PM

If any of you fuckers are having money issues - CLICK HERE

Sign up & get busy...you'll be just fine

qwe · 07-11-2009, 12:56 PM

good point BUT you don't want to be saving too much... I agree tho that you should save a decent amount for rainy days but what's the point of working hard, making alot of money and living same life style as if you worked at macdonalds ? also what good is it to have alot of money and not enjoy your young life (if you're in your 20's and early 30's) before settling down ? not to mention tomorrow is not guaranteed.... great money management to me is all about knowing that business can struggle any day, plan where money goes, don't spend it on useless shit, save decent percentage, do all that while still enjoying some of your paycheck

slapass · 07-11-2009, 12:57 PM

Quote:

Originally Posted by Shap

Having been in the industry for 10 years I've met a lot of interesting people. One thing that I find really sad is how bad the average webmaster's money management skills are. I know this is a product of our society as a whole but that doesn't make it right. In our industry this problem seems to be magnified because of the age and amount earned. You've got under 30 year olds making 6 figures a year and having no idea what to do with it. So what do they do? They spend beyond their means. Then one day everything catches up and the ride is over and they have nothing but memories (and maybe some pictures) to show for it.

I've seen it over and over again. I would say the majority of people I know have done a very poor job at saving what they've made. Most of them are living an amazing lifestyle they can't afford and are not that far off of being back where they started.... with nothing. The ride won't last forever. Be smart. Live below your means. Don't try to jump upwards in social class or style of life before you can really afford it. The fall back to reality will be that much harder. The money you make today, if managed properly, could set you for life. Think long term.

The interesting thing is the people I know that are best with their money also happen to be the most successful. It definitely isn't a coincidence. While the poor money managers are blowing money on retarded shit the smart guys are saving their money and waiting for opportunities. When those opportunities come up it's the people with cash that benefit the most. Even if the smart money guys aren't the first to see the deal/opportunity they still usually end up being a part of it. Why? Because if the poor money managers find that deal/opportunity they end up bringing the deal to the guys with money anyhow.

The above makes the assumption that money is everything. I tend to agree with that but it is cool because of what is allows me to buy.

sweetcuties · 07-11-2009, 01:13 PM

THIS IS A GOOD THREAD - Haven't read all of it, I will later but from my experience:

Once the money rolls in, SAVE AND INVEST AS MUCH AS YOU CAN... also buy as much real estate as possible! Most of that material shit is a waste of money, besides the girl you get in the end, if you're lucky won't be materialistic

qwe · 07-11-2009, 01:25 PM

Quote:

Originally Posted by sweetcuties

THIS IS A GOOD THREAD - Haven't read all of it, I will later but from my experience:

Once the money rolls in, SAVE AND INVEST AS MUCH AS YOU CAN... also buy as much real estate as possible! Most of that material shit is a waste of money, besides the girl you get in the end, if you're lucky won't be materialistic

tell that to millions of Americans who did just that a year or two ago

sweetcuties · 07-11-2009, 01:30 PM

Quote:

Originally Posted by qwe

tell that to millions of Americans who did just that a year or two ago

Yea, I was one of those idiots... lost $$ on a 2 properties (investments) I'm having a hard time selling one that's listed, I got others. I bought right last yr (bank reo) and will continue to exploit the market when I can

qwe · 07-11-2009, 01:44 PM

Quote:

Originally Posted by sweetcuties

Yea, I was one of those idiots... lost $$ on a 2 properties (investments) I'm having a hard time selling one that's listed, I got others. I bought right last yr (bank reo) and will continue to exploit the market when I can

that sucks

but just a question, if you lost money in real estate why would you recommend it ? things will not improve majorly anytime soon

fuzebox · 07-11-2009, 03:39 PM

Quote:

Originally Posted by Biggy

also, companies overspend too. you can find out a lot about a company by seeing their office, how many employees they have, how nice and re-modelled it is, etc. against company's offices who may not look as nice. a lot of ppl tend to be prideful of having so many people work for them as if that in itself is an accomplishment, i personally see it as one huge expense and liability if a lot of the people are unnecessary.

Yes well said, the mentality doesn't just stop as an individual. It amazes me how some companies in our industry operate. Once I start doing the math of how many joins a day it takes to employ each person, nevermind pay for office expenses, my eyes glaze over... I like keeping my expenses at almost nothing

jay23 · 07-11-2009, 07:10 PM

Here is the issue.

You can wake up tomorrow and lose how you make a living so you need to be ready for that.

You can end up dead tomorrow so whats the point of savings so you need to spend too.

GPS · 07-11-2009, 07:25 PM

This is a great thread!

Im a example..

Im making 2xxxxx+ yearly and not investing it right...

Maybe cuz Im 25 years old...

Sly · 07-11-2009, 07:31 PM

Quote:

Originally Posted by qwe

good point BUT you don't want to be saving too much... I agree tho that you should save a decent amount for rainy days but what's the point of working hard, making alot of money and living same life style as if you worked at macdonalds ? also what good is it to have alot of money and not enjoy your young life (if you're in your 20's and early 30's) before settling down ? not to mention tomorrow is not guaranteed.... great money management to me is all about knowing that business can struggle any day, plan where money goes, don't spend it on useless shit, save decent percentage, do all that while still enjoying some of your paycheck

The idea isn't to live like a hermit and not enjoy the fruits of your labor. The idea is to live an exciting and fruitful life, but moderately, so that tomorrow you can live that same life. It is very, very crushing, for someone to get accustomed to a certain lifestyle and then lose everything. This month's $10,000 does not mean next month will bring the same income. So you go out and you get a $700 a month car, a $3000 a month house, and you party like a rock star every week loving every minute of it. Then next month rolls around and you are down to $2000... what do you do? Most people panic. Make very bad decisions. And do whatever they can to survive. Which begins a cycle of madness that is very difficult to stop.

The idea is simply to live a lifestyle that you can afford and also save for a rainy day so you can continue that lifestyle Day in and day out.

GAMEFINEST · 07-11-2009, 08:01 PM

if you have money issues,

listen to dave ramsey

rowan · 07-11-2009, 08:17 PM

Planning for today is just as important as planning for tomorrow. Diversity is essential if you're running your own business. For example, I make most of my income as an affiliate of one particular program... if they went out of biz, or canned my account, I'd probably have no choice but to sell my house. I'm taking steps to change this situation and increase revenue elsewhere, but it's not something that will happen overnight... and this scares me.

FrozenJag · 07-11-2009, 08:34 PM

Quote:

Originally Posted by Sly

This month's $10,000 does not mean next month will bring the same income. So you go out and you get a $700 a month car, a $3000 a month house, and you party like a rock star every week loving every minute of it. Then next month rolls around and you are down to $2000... what do you do? Most people panic. Make very bad decisions. And do whatever they can to survive. Which begins a cycle of madness that is very difficult to stop.

Well most people sell off their web properties for dirt cheap and the people with money held back scoop them up and get that much stronger.

I do this on a very small level compared to many here but each time I get a little stronger and a little bigger. Hoping to be one of the big boys someday.

SleazyDream · 07-11-2009, 08:37 PM

Quote:

Originally Posted by Shap

Having been in the industry for 10 years I've met a lot of interesting people. One thing that I find really sad is how bad the average webmaster's money management skills are. I know this is a product of our society as a whole but that doesn't make it right. In our industry this problem seems to be magnified because of the age and amount earned. You've got under 30 year olds making 6 figures a year and having no idea what to do with it. So what do they do? They spend beyond their means. Then one day everything catches up and the ride is over and they have nothing but memories (and maybe some pictures) to show for it.

I've seen it over and over again. I would say the majority of people I know have done a very poor job at saving what they've made. Most of them are living an amazing lifestyle they can't afford and are not that far off of being back where they started.... with nothing. The ride won't last forever. Be smart. Live below your means. Don't try to jump upwards in social class or style of life before you can really afford it. The fall back to reality will be that much harder. The money you make today, if managed properly, could set you for life. Think long term.

The interesting thing is the people I know that are best with their money also happen to be the most successful. It definitely isn't a coincidence. While the poor money managers are blowing money on retarded shit the smart guys are saving their money and waiting for opportunities. When those opportunities come up it's the people with cash that benefit the most. Even if the smart money guys aren't the first to see the deal/opportunity they still usually end up being a part of it. Why? Because if the poor money managers find that deal/opportunity they end up bringing the deal to the guys with money anyhow.

I think a lot of what you said is true, but I have one overriding philosophy that I live by regarding money.

I own my money, my money doesn't own me. I'm not afraid to risk it all to get more, and sometimes I will loose. Mind you I come from a gambling family..... LOL

To me, and this is just my opinion, it all depends on if you spent the money on yourself or on a business. On yourself is stupid.

I lost a lot on a failed business. I don't regret it. Yes I spent a lot of money in the industry on what looked frivolous; tons of trips, parties, etc... but all were business related. None of those expenses really contributed to the losses I had in another business. I never threw any parties for people outside of my work, and in adult every penny I spent on that all came back to me 100X over.

I blew money on a car, sure it was over $1200 a month lease, but I could have afforded $8,000 or more on that at the time. didn't need it. I blew money on my house, but in the end I could have had a house 5X or more in value, didn't need it. My mortgage was only $1100/month. I always put money away.

I massively overextended myself on a business venture...and it failed for a number of reasons outside of my control. I kept trying cause it had potential and I believed it would turn around, it got worse. I lost all.

sometimes (if you have balls) you have to over extend yourself to go for something, and sometimes it fails. I knew the risks going in. I also had certain assets protected as well. No regrets.

I'll be bluntly honest here, most of the hugely successful people I know have gone broke or lost it all before, or at min had a failed businesses that cost them a lot and really set them back. In my experience it's usually the relatively successful ones, not the HUGELY successful ones, that haven't' ever gone under that wave their finger but won't ever experience 10,000% growth or more in a year cause they didn't have the guts to risk all.

And honestly, and this is just me, but I fucking HATE total security. I like having a rush. and to truly experience a rush you HAVE to loose once in a while to appreciate the wins... I never got into casino gambling huge, I do it with my real life.

just my opinion on money.....

Sly · 07-11-2009, 08:40 PM

Quote:

Originally Posted by FrozenJag

Well most people sell off their web properties for dirt cheap and the people with money held back scoop them up and get that much stronger.

I do this on a very small level compared to many here but each time I get a little stronger and a little bigger. Hoping to be one of the big boys someday.

Exactly. :-)

A bad decision. It's unfortunate to watch something like that happen, but it does, and those that can take advantage of the opportunity will do so, as they should.

tony286 · 07-11-2009, 08:43 PM

lots of interesting points in this thread.

BV · 07-11-2009, 08:45 PM

If my Aunt had balls she'd be my uncle.

mechanicvirus · 07-11-2009, 08:48 PM

Quote:

Originally Posted by jay23

You can end up dead tomorrow so whats the point of savings so you need to spend too.

I never got this mentality. What if someone truely enjoys their career in adult and enjoys saving their money? I'd say they enjoyed life just as much as the "rockstar" who is living the shallow american dream if they die on the same day.

SleazyDream · 07-11-2009, 08:51 PM

Quote:

Originally Posted by mechanicvirus

I never got this mentality. What if someone truely enjoys their career in adult and enjoys saving their money? I'd say they enjoyed life just as much as the "rockstar" who is living the shallow american dream if they die on the same day.

I totally agree with that statement..

the reality is the best lives are those with balance... if you budget, I've always believed in doing it by PERCENTAGE.

if you're ok saving 10 or 20 or 50% whatever you're comfortable with- and suddenly you make more money - keep the ratio the same and increase your lifestyle by the increased persentage as well as increase your savings.

slapass · 07-11-2009, 08:58 PM

Quote:

Originally Posted by SleazyDream

I think a lot of what you said is true, but I have one overriding philosophy that I live by regarding money.

I own my money, my money doesn't own me. I'm not afraid to risk it all to get more, and sometimes I will loose. Mind you I come from a gambling family..... LOL

To me, and this is just my opinion, it all depends on if you spent the money on yourself or on a business. On yourself is stupid.

I lost a lot on a failed business. I don't regret it. Yes I spent a lot of money in the industry on what looked frivolous; tons of trips, parties, etc... but all were business related. None of those expenses really contributed to the losses I had in another business. I never threw any parties for people outside of my work, and in adult every penny I spent on that all came back to me 100X over.

I blew money on a car, sure it was over $1200 a month lease, but I could have afforded $8,000 or more on that at the time. didn't need it. I blew money on my house, but in the end I could have had a house 5X or more in value, didn't need it. My mortgage was only $1100/month. I always put money away.

I massively overextended myself on a business venture...and it failed for a number of reasons outside of my control. I kept trying cause it had potential and I believed it would turn around, it got worse. I lost all.

sometimes (if you have balls) you have to over extend yourself to go for something, and sometimes it fails. I knew the risks going in. I also had certain assets protected as well. No regrets.

I'll be bluntly honest here, most of the hugely successful people I know have gone broke or lost it all before, or at min had a failed businesses that cost them a lot and really set them back. In my experience it's usually the relatively successful ones, not the HUGELY successful ones, that haven't' ever gone under that wave their finger but won't ever experience 10,000% growth or more in a year cause they didn't have the guts to risk all.

And honestly, and this is just me, but I fucking HATE total security. I like having a rush. and to truly experience a rush you HAVE to loose once in a while to appreciate the wins... I never got into casino gambling huge, I do it with my real life.

just my opinion on money.....

I am so with you on this. I like being in business I like being successful but the struggle is more important then the end.

Sly · 07-11-2009, 09:02 PM

Quote:

Originally Posted by SleazyDream

I totally agree with that statement..

the reality is the best lives are those with balance... if you budget, I've always believed in doing it by PERCENTAGE.

if you're ok saving 10 or 20 or 50% whatever you're comfortable with- and suddenly you make more money - keep the ratio the same and increase your lifestyle by the increased persentage as well as increase your savings.

That's actually a pretty good system. In fact, most "personal-finance gurus" suggest a setup precisely like that.

A lot of people have the wrong idea about "personal-finance." They think it's about eating cheap food and never doing anything fun... and that isn't it at all. Personal finance is about balance... and that balance is different for everyone, there is no one set model that applies to all. The key is to find what works for you in your current state, your near future, and your long-term future.

The mentality of "I could die tomorrow" isn't really healthy or responsible. But neither is the mentality of "I'm going to hoard every penny that I have."

I think it's pretty safe to say that everyone has made financial mistakes at some point in their life. It's a learning game. You make mistakes, you learn, you move on. The most important part is "moving on." Doing. Putting your new knowledge into play.

Many of us have the very unique opportunity of being young and having our future paid for. That is simply insane. Practically unimaginable to most. Think about that... a 25-year-old guy, and his future is paid for. I know a few of them.

Regardless of how "tough" this industry might be right now and the economy we are lying in... opportunity is simply insane. Insane. Take it by the balls. Secure your future so that when you are old you don't have to worry about paying for your house and your prescription medications... instead you can be out traveling the world with a loved one. That's opportunity.

SleazyDream · 07-11-2009, 09:03 PM

Quote:

Originally Posted by slapass

I am so with you on this. I like being in business I like being successful but the struggle is more important then the end.

exactly.

I love earning to get shit, once I have it I usually don't care anymore and want to put my nose down and go get something else.

Shap · 07-11-2009, 09:10 PM

Quote:

Originally Posted by SleazyDream

I think a lot of what you said is true, but I have one overriding philosophy that I live by regarding money.

I own my money, my money doesn't own me. I'm not afraid to risk it all to get more, and sometimes I will loose. Mind you I come from a gambling family..... LOL

To me, and this is just my opinion, it all depends on if you spent the money on yourself or on a business. On yourself is stupid.

I lost a lot on a failed business. I don't regret it. Yes I spent a lot of money in the industry on what looked frivolous; tons of trips, parties, etc... but all were business related. None of those expenses really contributed to the losses I had in another business. I never threw any parties for people outside of my work, and in adult every penny I spent on that all came back to me 100X over.

I blew money on a car, sure it was over $1200 a month lease, but I could have afforded $8,000 or more on that at the time. didn't need it. I blew money on my house, but in the end I could have had a house 5X or more in value, didn't need it. My mortgage was only $1100/month. I always put money away.

I massively overextended myself on a business venture...and it failed for a number of reasons outside of my control. I kept trying cause it had potential and I believed it would turn around, it got worse. I lost all.

sometimes (if you have balls) you have to over extend yourself to go for something, and sometimes it fails. I knew the risks going in. I also had certain assets protected as well. No regrets.

I'll be bluntly honest here, most of the hugely successful people I know have gone broke or lost it all before, or at min had a failed businesses that cost them a lot and really set them back. In my experience it's usually the relatively successful ones, not the HUGELY successful ones, that haven't' ever gone under that wave their finger but won't ever experience 10,000% growth or more in a year cause they didn't have the guts to risk all.

And honestly, and this is just me, but I fucking HATE total security. I like having a rush. and to truly experience a rush you HAVE to loose once in a while to appreciate the wins... I never got into casino gambling huge, I do it with my real life.

just my opinion on money.....

Hey Scott. It's nice to see you back

I must say I agree with your point. In most cases to really hit it big you have to risk it big as well. It's interesting because I view it really differently from you. I'm very risk averse. I feel I've put in 10 years of sacrifice and hard work into this industry. I worked so hard to make that money I protect my base at all costs. I wouldn't be able to deal with losing everything on a risk. It's not worth it. If I was given the choice to take what I have and be happy with that or risk it all to double or triple my money that would be an easy choice for me I'd take what I have and walk away without ever regretting it.

DWB · 07-11-2009, 09:23 PM

Quote:

Originally Posted by SleazyDream

I own my money, my money doesn't own me. I'm not afraid to risk it all to get more, and sometimes I will loose.

No you don't. You own pieces of paper that are backed by nothing. You own numbers in a digital system that is backed by nothing. That same paper is going to devalue soon because they are printing too much of it. It has been devaluing slowly over time every since it was taken off the gold standard and is now worth just a small percent of what it once was.

When it does devalue massively, which may be coming soon, you will then be told how much your paper is then worth, which may not be much at all. Lets hope it's not too big of a fall. You had all better pray to whatever God you pray to that we don't end up with hyper-inflation due to all of this mess or that money that you "own" will be mostly worthless.

I hope those of you with large amounts of cash and money in the bank are not foolish enough to have it all sitting in USD accounts. That is just begging for an ass fucking.

Prepare for the unexpected and think on a global scale. You will end up much wealthier from it in the long run.

DWB · 07-11-2009, 09:26 PM

I'll also add, since I'm seeing some of you talking about real estate, don't just invest in local real estate. While the US market may be failing, there are many countries that are booming and others that are a buyers market right now. Some of you could be cleaning house in other parts of the world right now.

Small ideas lead to small returns. If you want wealth... THINK AND INVEST GLOBALLY!!!!

DWB · 07-11-2009, 09:28 PM

Quote:

Originally Posted by BV

If my Aunt had balls she'd be my uncle.

If your aunt had balls, she'd be a tranny.

Thurbs · 07-11-2009, 09:30 PM

save, save, save, invest, invest, invest.

SleazyDream · 07-11-2009, 09:36 PM

Quote:

Originally Posted by Shap

Hey Scott. It's nice to see you back

I must say I agree with your point. In most cases to really hit it big you have to risk it big as well. It's interesting because I view it really differently from you. I'm very risk averse. I feel I've put in 10 years of sacrifice and hard work into this industry. I worked so hard to make that money I protect my base at all costs. I wouldn't be able to deal with losing everything on a risk. It's not worth it. If I was given the choice to take what I have and be happy with that or risk it all to double or triple my money that would be an easy choice for me I'd take what I have and walk away without ever regretting it.

everyone's different. If you asked me 15 years ago before I made good money and had it all if if once I had it if I'd be willing to give it up and start over, I honestly would have said yes. I know that sounds weird, and wasn't something I planned for my last situation, but I've never been afraid of loosing it all.

probally cause I live in canada, grew up poor and look at worst case scenario here - which is a decent apartment and healthcare... all i really need. everything else is gravy and just stuff

broke · 07-11-2009, 09:41 PM

Quote:

Originally Posted by jay23

Here is the issue.

[...]

You can end up dead tomorrow so whats the point of savings so you need to spend too.

You're either young and stupid or single.

The point is my family would be crippled if I died tomorrow and I had the money management skills of some of the twits in this industry.

Fortunately, I don't.

SleazyDream · 07-11-2009, 09:41 PM

Quote:

Originally Posted by DirtyWhiteBoy

No you don't. You own pieces of paper that are backed by nothing. You own numbers in a digital system that is backed by nothing. That same paper is going to devalue soon because they are printing too much of it. It has been devaluing slowly over time every since it was taken off the gold standard and is now worth just a small percent of what it once was.

When it does devalue massively, which may be coming soon, you will then be told how much your paper is then worth, which may not be much at all. Lets hope it's not too big of a fall. You had all better pray to whatever God you pray to that we don't end up with hyper-inflation due to all of this mess or that money that you "own" will be mostly worthless.

I hope those of you with large amounts of cash and money in the bank are not foolish enough to have it all sitting in USD accounts. That is just begging for an ass fucking.

Prepare for the unexpected and think on a global scale. You will end up much wealthier from it in the long run.

umm, my money or so i call it, was never in a bank account in large amounts.....

SleazyDream · 07-11-2009, 09:44 PM

Quote:

Originally Posted by Shap

Hey Scott. It's nice to see you back

I must say I agree with your point. In most cases to really hit it big you have to risk it big as well. It's interesting because I view it really differently from you. I'm very risk averse. I feel I've put in 10 years of sacrifice and hard work into this industry. I worked so hard to make that money I protect my base at all costs. I wouldn't be able to deal with losing everything on a risk. It's not worth it. If I was given the choice to take what I have and be happy with that or risk it all to double or triple my money that would be an easy choice for me I'd take what I have and walk away without ever regretting it.

here's a question, I agree that 2 or 3X risking it all isn't worth it, but is 10 or 50 or 100 times?

walking away from a good chance at going 100X bigger is a regret I wouldn't want to have and something i'm willing to risk all at. - depending on the percentage chance I see at making it work...

amacontent · 07-11-2009, 10:29 PM

Hey Shap, hit a brother up and say hi, remember Joe. Tell Mami I say what up

umbralui · 07-11-2009, 11:11 PM

yes .. it's sad but a good thread. make it sticky

nolongerexists · 07-12-2009, 01:38 AM

Quote:

Originally Posted by Sly

Regardless of how "tough" this industry might be right now and the economy we are lying in... opportunity is simply insane. Insane. Take it by the balls. Secure your future so that when you are old you don't have to worry about paying for your house and your prescription medications... instead you can be out traveling the world with a loved one. That's opportunity.

Sounds good to me

WiredGuy · 07-12-2009, 09:20 AM

Quote:

Originally Posted by Shap

Hey Scott. It's nice to see you back

I must say I agree with your point. In most cases to really hit it big you have to risk it big as well. It's interesting because I view it really differently from you. I'm very risk averse. I feel I've put in 10 years of sacrifice and hard work into this industry. I worked so hard to make that money I protect my base at all costs. I wouldn't be able to deal with losing everything on a risk. It's not worth it. If I was given the choice to take what I have and be happy with that or risk it all to double or triple my money that would be an easy choice for me I'd take what I have and walk away without ever regretting it.

I totally agree. To me, its not about savings and cash. Its about 10 years of hard work. It would kill me to lose it over an investment or something silly. I'd rather take a very low yield ROI with something low risk than anything high risk anymore.
WG

FreeHugeMovies · 07-12-2009, 09:39 AM

Shap makes me Harddddd

Mutt · 07-12-2009, 09:57 AM

everybody should be putting money away for their future - how much is up to each individual but everybody should have a nestegg and everybody who is self employed should have disability insurance. god forbid something happens to you at 30 or 40 and you are unable to work - you want to burden your children/parents/siblings with the costs of taking care of you for the next 40 years? wife/husband - they'll be long gone in a matter of a few years, the stats on marriages staying intact after a catastrophe are absolutely horrendous.

LoveSandra · 07-12-2009, 10:08 AM

fuck it ..

Shap · 07-12-2009, 10:52 AM

Quote:

Originally Posted by SleazyDream

here's a question, I agree that 2 or 3X risking it all isn't worth it, but is 10 or 50 or 100 times?

walking away from a good chance at going 100X bigger is a regret I wouldn't want to have and something i'm willing to risk all at. - depending on the percentage chance I see at making it work...

No multiple is worthwhile. I've put a decade of hard work in. My goal from Day 1 was that I'd never have to work another day in my life after this. I've reached that and surpassed it. There is no financial risk that is worth giving that up to me.

DWB · 07-12-2009, 11:02 AM

Quote:

Originally Posted by SleazyDream

umm, my money or so i call it, was never in a bank account in large amounts.....

Then you sir are one of the smart ones.

Too many guys I know with silly amounts of money just stick it in banks and think that's the best place for it. Foolish.

Far-L · 07-12-2009, 11:22 AM

I guess I am way more of a cynic in my old age. I personally love when I see any competition overspending and making poor lifestyle choices that ultimately end up imploding their companies.

boneprone · 07-12-2009, 12:09 PM

Ahh fuck it.

Live it up people.

Look at Michael Jackson. The biggest of all time.
He had the largest debt anyone could imagine.

But in the end hes dead.

Debt or riches you cant take it with you when you are dead.

So if banks and people are going to give you the access to live outside your means, go for it. Casue in the end we all die.. And you cant take your shit with you.

Live it up. Enjoy. In the big picture Its just money.

You can live your life and make it as big as it will let you, or you can sit around and count pennies and worry about saving your money till you die.

Drake · 07-12-2009, 05:07 PM

lol @ boneprone, all things in moderation.

Drake · 07-12-2009, 05:08 PM

It's no surprise why you're successful Shap. Common sense.

Z · 07-12-2009, 05:16 PM

<-- guilty.

1200mics · 07-12-2009, 05:18 PM

Yes you are so much right !
If you live expensive lifestyle you know it's never enough ...
We have to think about the future .

Iron Fist · 07-12-2009, 05:23 PM

Quote:

Originally Posted by boneprone

So if banks and people are going to give you the access to live outside your means, go for it. Casue in the end we all die.. And you cant take your shit with you.

Make sure you don't have kids or cosigners if you want to live like that.

Mutt · 07-12-2009, 05:28 PM

Quote:

Originally Posted by boneprone

Ahh fuck it.

Live it up people.

Look at Michael Jackson. The biggest of all time.
He had the largest debt anyone could imagine.

But in the end hes dead.

Debt or riches you cant take it with you when you are dead.

So if banks and people are going to give you the access to live outside your means, go for it. Casue in the end we all die.. And you cant take your shit with you.

Live it up. Enjoy. In the big picture Its just money.

You can live your life and make it as big as it will let you, or you can sit around and count pennies and worry about saving your money till you die.

you're going to let your wife and children fend for themselves when they realize that you left an estate that has more debts than assets?

07-11-2009, 12:29 PM	#52
DeanCapture Haters & Trolls SUCK! Industry Role: Join Date: Dec 2002 Location: Los Angeles, CA Posts: 9,275	If any of you fuckers are having money issues - CLICK HERE Sign up & get busy...you'll be just fine __________________ Twitter: @DeanCapture Instagram: @TheDeanCapture DeanCapture "at" Gmail.com

07-11-2009, 01:13 PM	#55
sweetcuties Confirmed User Join Date: Feb 2002 Location: Somewhere Posts: 5,859	THIS IS A GOOD THREAD - Haven't read all of it, I will later but from my experience: Once the money rolls in, SAVE AND INVEST AS MUCH AS YOU CAN... also buy as much real estate as possible! Most of that material shit is a waste of money, besides the girl you get in the end, if you're lucky won't be materialistic __________________

07-11-2009, 07:25 PM	#61
GPS Confirmed User Join Date: Feb 2007 Location: in the slumps Posts: 572	This is a great thread! Im a example.. Im making 2xxxxx+ yearly and not investing it right... Maybe cuz Im 25 years old... __________________ no sig!

07-11-2009, 08:01 PM	#63
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,436	if you have money issues, listen to dave ramsey __________________ Compound interest.

07-11-2009, 10:29 PM	#84
amacontent STANLEY CUP CHAMPION ! Industry Role: Join Date: Feb 2003 Location: Los Angeles Posts: 12,872	Hey Shap, hit a brother up and say hi, remember Joe. Tell Mami I say what up __________________ Joe Loughlin [email protected] TEAM- joeloughlin. Telegram - AMA_JOE https://www.amaproduction.com

07-11-2009, 12:56 PM	#53
qwe Confirmed User Join Date: Jul 2003 Posts: 2,109	good point BUT you don't want to be saving too much... I agree tho that you should save a decent amount for rainy days but what's the point of working hard, making alot of money and living same life style as if you worked at macdonalds ? also what good is it to have alot of money and not enjoy your young life (if you're in your 20's and early 30's) before settling down ? not to mention tomorrow is not guaranteed.... great money management to me is all about knowing that business can struggle any day, plan where money goes, don't spend it on useless shit, save decent percentage, do all that while still enjoying some of your paycheck

07-11-2009, 07:10 PM	#60
jay23 Confirmed User Join Date: Jun 2003 Posts: 1,444	Here is the issue. You can wake up tomorrow and lose how you make a living so you need to be ready for that. You can end up dead tomorrow so whats the point of savings so you need to spend too.

07-11-2009, 08:17 PM	#64
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Planning for today is just as important as planning for tomorrow. Diversity is essential if you're running your own business. For example, I make most of my income as an affiliate of one particular program... if they went out of biz, or canned my account, I'd probably have no choice but to sell my house. I'm taking steps to change this situation and increase revenue elsewhere, but it's not something that will happen overnight... and this scares me.

07-11-2009, 08:43 PM	#68
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	lots of interesting points in this thread.

07-11-2009, 08:45 PM	#69
BV wtf Industry Role: Join Date: Sep 2001 Location: Bikini State, FL USA Posts: 10,914	If my Aunt had balls she'd be my uncle.

07-11-2009, 09:26 PM	#77
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	I'll also add, since I'm seeing some of you talking about real estate, don't just invest in local real estate. While the US market may be failing, there are many countries that are booming and others that are a buyers market right now. Some of you could be cleaning house in other parts of the world right now. Small ideas lead to small returns. If you want wealth... THINK AND INVEST GLOBALLY!!!!

07-11-2009, 09:30 PM	#79
Thurbs The Thrilla in Manila Join Date: Sep 2004 Location: Thurbs' Lagoon, Christmas Island Posts: 4,785	save, save, save, invest, invest, invest.

07-11-2009, 11:11 PM	#85
umbralui Do as i say, not as i do! Industry Role: Join Date: Oct 2006 Location: in the mountains Posts: 13,755	yes .. it's sad but a good thread. make it sticky

07-12-2009, 09:39 AM	#88
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	Shap makes me Harddddd

07-12-2009, 09:57 AM	#89
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	everybody should be putting money away for their future - how much is up to each individual but everybody should have a nestegg and everybody who is self employed should have disability insurance. god forbid something happens to you at 30 or 40 and you are unable to work - you want to burden your children/parents/siblings with the costs of taking care of you for the next 40 years? wife/husband - they'll be long gone in a matter of a few years, the stats on marriages staying intact after a catastrophe are absolutely horrendous. __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

07-12-2009, 10:08 AM	#90
LoveSandra So Fucking Banned Join Date: Aug 2008 Location: Just Blow Me Posts: 10,551	fuck it ..

07-12-2009, 11:22 AM	#93
Far-L Confirmed User Industry Role: Join Date: Feb 2002 Location: Seattle Posts: 6,065	I guess I am way more of a cynic in my old age. I personally love when I see any competition overspending and making poor lifestyle choices that ultimately end up imploding their companies. __________________ HomegrownCash.com, the affiliate program of Homegrown Video - The Largest Collection of Amateur XXX - Est. 1982. Contact - Email: farrell AT homegrownvideo D com Skype: hgfarl Newsweek Magazine - "Homegrown Video, the longest running series in the history of porn."

07-12-2009, 12:09 PM	#94
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	Ahh fuck it. Live it up people. Look at Michael Jackson. The biggest of all time. He had the largest debt anyone could imagine. But in the end hes dead. Debt or riches you cant take it with you when you are dead. So if banks and people are going to give you the access to live outside your means, go for it. Casue in the end we all die.. And you cant take your shit with you. Live it up. Enjoy. In the big picture Its just money. You can live your life and make it as big as it will let you, or you can sit around and count pennies and worry about saving your money till you die. __________________ Industry Hall Of Fame Legend Mike Jones Bow to the Power - Still BP4L http://gfyawards.com/hall-of-fame Learn about it kids. Last edited by boneprone; 07-12-2009 at 12:10 PM..

07-12-2009, 05:07 PM	#95
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	lol @ boneprone, all things in moderation.

07-12-2009, 05:08 PM	#96
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	It's no surprise why you're successful Shap. Common sense. Last edited by Drake; 07-12-2009 at 05:09 PM..

07-12-2009, 05:16 PM	#97
Z Vidi Vici Veni Industry Role: Join Date: Nov 2002 Posts: 6,308	<-- guilty.

07-12-2009, 05:18 PM	#98
1200mics Confirmed User Join Date: Sep 2005 Location: ICQ : 297-476-738 Posts: 5,131	Yes you are so much right ! If you live expensive lifestyle you know it's never enough ... We have to think about the future . __________________