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.

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

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...

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

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

Sounds good to me

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

Shap makes me Harddddd

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.

fuck it ..

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.

Then you sir are one of the smart ones. :thumbsup 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.

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.

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.

lol @ boneprone, all things in moderation.

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

<-- guilty.

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

Make sure you don't have kids or cosigners if you want to live like that. :2 cents:

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?

Michael Jackson had assets worth millions, and probably even billions of dollars. He also had many multimillionaire and billionaire friends. Michael Jackson could get the credit to live his luxurious lifestyle.

Most people do not own the Beatles catalog.

then you got your goal and that's awesome.

mine was always the journey, actually never got into this for the money. did it cause i loved porn and wanted a better site out there for it.

banks are the worst place to have cash in a business that many people THINK is wrong... I've learnt the hard way gov't officials can strip bank accounts without cause and sort it out later.

Very true, plus few had a clue that boom and bust usually follow each other. Plus many of those making money started in a time when it was easy. Those who spent had little to fall back on, those who invested did.

Good point. I tend to forget that everybody has their own priorities and reasons for being in the business :thumbsup

:1orglaugh:1orglaugh

Definitely a great post by Shap.:thumbsup

Good point. I have it, it's called "Critical illness insurance", it only costs me $60 bucks a month but I'm coverered in case I become incapacitated and can't earn an income or if even if I need to head to the states for some expensive treatment etc.

Of course I have a portion of my business set up to earn income even if I'm not at home/in my office working, such as rental income. Websites don't stop earning money just because you're not at your computer either.


To the guy who said "It's better to spend and enjoy life rather than save too much".... I say it's better to be smart about it. I agree that living like a pauper now while scrimping and saving every penny isn't the best way to go, especially if you die early with a pile of cash in the bank but you lived poor in order to save it. Not wise, but neither is blowing all your money like a wannabe rock star and when you're ready to retire have a big ball of goddamn nothing to show for it than a dead liver and no retirement fund.

There has to be balance.

But I'll say it again, when you're in business for yourself no one is going to look after your future but YOU.

Live the life style today that if it does end tomorrow you can get a regular job and pay the bills..

Im not saying not to have nice things. But remember. its not just buying a nice and expensive car. Its having the money to maintain it. insurance, Gas, Damage, parts etc.


Same for a house etc.