Home › Forums › MGTOW Central › Showing Off Your Wealth
This topic contains 43 replies, has 34 voices, and was last updated by 
KTH 1 year, 9 months ago.
- AuthorPosts
no amount of money will buy back even one second of your life.
You can pay someone to cut your grass or cook your food.
Zero is the number of f~~~s I give about trying to look wealthy.
no amount of money will buy back even one second of your life.
You can pay someone to cut your grass or cook your food.
All your money won’t another minute buy.
/Kansas, Dust in the Wind/
The socks I am wearing now have holes in them. Maybe I’ll splurge on some new ones. Soon.
NFG
I have a net worth of several million dollars, yet I drive a 13 year old car. But that’s why I have a net worth of several million dollars –
S~~~ is crazy expensive these days, but I’m doing the best I can.
Really not trying to start any s~~~ here, please believe me. When someone worth several million says that, “s~~~ is crazy expensive, but I’m doing the best I can”, someone worth a few thousand, such as myself doesn’t understand. I think I’m doing pretty good, but if I had several million, I’d know I was doing pretty good, not just the best I can.
The main difference between wealthy people and poor people is that wealthy people own income producing assets. If they stop working, they still get paid. Wage slaves have to work. If they’re not working, they don’t get s~~~. As soon as they come home from work, the income production stops and doesn’t resume until they get back to work again. You’re basically a slave. Break the chains. Obtain income producing assets.
Again, not trying to start anything. Just joining in the conversation with my perspective. I guess I’m a poor person because I’m one of those wage slaves who has to work. It would be really nice to be able to “obtain some income producing assets”. However, I’m sure you have heard the old saying that “it takes money to make money”. While that may not always be true, a lot of times it is very true.
I wouldn’t even be able to afford payments on a loan to acquire income producing assets because I have a house payment that takes a substantial amount of my finances…….and, it’s definitely nothing fancy. I suppose I could stop living and subsist only on crackers and potted meat so I could afford these assets and be miserable so that I could obtain this wealth that I would not be showing off. I don’t think so. I’m not wealthy, but I’m pretty happy living as a poor person. It’d be too painful for me to try to acquire wealth.
I don’t know what you started with to get where you are now, but good for you. It’s good that you’re doing well for yourself. I’m not jealous or lashing out because you have more than me. Like I said, just speaking from my perspective.
Please don’t be offended, because I’m pretty happy with my life, but from where I’m standing, it seems like you may be showing off, just a little bit…….in this thread anyway.
The evil in women’s hearts leaves them no moral bounds as to inhibit them from descending to the lowest levels of darkness to acquire their self entitled desires.
people these days are too obsessed showing off and buying things they can’t afford, & not living within their means, I don’t mind living below my means, but I only curse is cars. I love em but I’ve learned to even limit that,the most expensive car I want is a Viper ACR and that’ll only appreciate. The wealthiest dudes in the area dress casual and drive Camrys
That may be one of the reasons I like where I live now. There is money here, a lot in some cases, but there really isn’t a lot of showing off. People spend money on the things they want, for sure, but it’s fishing boats and trucks, not cigar boats and bmws.
Part of that has to do with the makeup of my town. It’s old and has plenty of ‘white trash’. But it’s also coastal and therefore attracts some of the rich crowd. On top of that, there’s been recent suburban develop, so we’ve got those as well. But the suburban development crosses many demographics, so even that’s a big mix.
Ok. Then do it.
Truest words ever said.
Fuck bitches... literally and metaphorically
Really not trying to start any s~~~ here, please believe me. When someone worth several million says that, “s~~~ is crazy expensive, but I’m doing the best I can”, someone worth a few thousand, such as myself doesn’t understand. I think I’m doing pretty good, but if I had several million, I’d know I was doing pretty good, not just the best I can.
Again, not trying to start anything. Just joining in the conversation with my perspective. I guess I’m a poor person because I’m one of those wage slaves who has to work. It would be really nice to be able to “obtain some income producing assets”. However, I’m sure you have heard the old saying that “it takes money to make money”. While that may not always be true, a lot of times it is very true.
I wouldn’t even be able to afford payments on a loan to acquire income producing assets because I have a house payment that takes a substantial amount of my finances…….and, it’s definitely nothing fancy. I suppose I could stop living and subsist only on crackers and potted meat so I could afford these assets and be miserable so that I could obtain this wealth that I would not be showing off. I don’t think so. I’m not wealthy, but I’m pretty happy living as a poor person. It’d be too painful for me to try to acquire wealth.
I don’t know what you started with to get where you are now, but good for you. It’s good that you’re doing well for yourself. I’m not jealous or lashing out because you have more than me. Like I said, just speaking from my perspective.
Please don’t be offended, because I’m pretty happy with my life, but from where I’m standing, it seems like you may be showing off, just a little bit…….in this thread anyway.
One thing you’ll find if you ever become wealthy is that as your income goes up, so do your expenses. It’s inevitable. You have to pay for s~~~ that you never really had to pay for back when you were poor. For example, I’ve paid over $10,000 so far this year to my lawyer alone.
Insurance is also a major freaking expense. Servicing your debt is expensive too. I’ve had to pay for security services a lot this year. I hired a professional bodyguard for a while and I had a state of the art security system installed at one of my businesses.
I grew up so f~~~ing poor, it’s unbelievable. I literally crawled out of the gutter to where I am now by using the skills I learned and my good business sense.
I think I should clarify that your “net worth” is NOT the cash you have on hand. Your net worth is your assets minus your liabilities. For example:
Assets:
House ($400,000)
Car ($30,000)
Cash ($50,000)
Investments ($95,000)
_______________________
TOTAL = $575,000Liabilities:
Mortgage ($250,000)
Auto Loan ($20,000)
Credit Card & Personal Loan Debt ($100,000)
_______________________
TOTAL = $370,000So assets ($575,000) minus liabilities ($370,000) equals net worth ($205,000). So in this example, you only have $50,000 cash in the bank, but your net worth is over 4x that.
I know a guy that has a net worth of over 15 million dollars, but he only has about $2,000 in cash at any given time.
The other difference when you have money is you oftentimes do nothing but juggle your debts. The guy I mentioned above has a $250,000 personal line of credit and about $150,000 in credit cards so if he ends up with an unexpected expense, he uses that. He immediately reinvests the money he gets from his rental properties.
When an emergency comes up (let’s say he has to replace a roof for $15,000), he simply uses his line of credit. Then next month he’ll get in, say $95,000 in revenue from his investment properties, but after paying his creditors he’s got about $12,000 left. He’ll use that to pay off his personal line of credit.
People with money use money as a tool. They don’t keep it sitting in a bank account where it does nothing. This is why the bank is willing to give people with s~~~ tons of money huge lines of credit that they (technically) don’t need.
Having money isn’t easy. You’re basically trading in one set of problems for another set of equally horrible problems. Sometimes the problems are even worse than when you were poor because you have so much more to lose now. It’s hard to sleep at night sometimes when something big is going on.
Anyone that thinks having money would be easy and all your troubles would just go away has obviously never had money. It’s stressful and a massive pain in the ass. Would I want to go back to being dirt poor? No…but I think I’d prefer to be somewhere in the middle.
I mean, look at Trump. He’s got so much money, he could just put his feet up and never have to worry about anything ever again. But does he do that? No. He becomes the f~~~ing president of the United States. My meager empire is a little f~~~ing penny compared to what he has. I’m not a go-getter like Trump. I certainly wouldn’t want the job. And if I had that much money, I would definitely just say “f~~~ it” to the world and check out.
As for the saying “you have to have money to make money,” it’s absolutely true. But once you get one asset, it’s easier to get the second. It’s like building something. Once you lay the first brick – once you get started – you just keep going.
In order to lay that first brick, you have to SACRIFICE, work your freaking ASS off, and borrow money. For example, if you want to buy investment property and get a decent interest rate, you need to put at least 25% down. On a $250,000 house, that’s $62,500.
In addition, you need to have an emergency fund and you have to have enough for closing costs if the sellers won’t pay for it. So you need, say, $100,000. You generally can’t finance that and even if you could, the numbers wouldn’t work. You’d be in the red every month. So you need to save up that money.
But what happens after you do that? Well, after you’ve done that, then you can take out a home equity loan or line of credit and borrow against that money you put down on the house. That’s how you finance the next property. Rinse and repeat. If you already own your personal home, you can take out a home equity loan on that to get your down payment.
There are other options too, like hard money lenders. But the terms are pretty short and the interest rates are pretty terrible, so hard money lenders are more suitable if you’re flipping the property. A lot of investors start by flipping a property or two in order to get a good amount of cash saved up so that they can lay that first brick.
The hardest part is getting started. But once you have one asset, you can use it to get more. That is the secret recipe of the wealthy. They don’t work for money. They make their money and assets work for them.
Having money isn’t easy. You’re basically trading in one set of problems for another set of equally horrible problems. Sometimes the problems are even worse than when you were poor because you have so much more to lose now. It’s hard to sleep at night sometimes when something big is going on.
Which is one of the reasons I said it’d be too painful for me to acquire wealth. It’s much easier being poor, (by your definition as I don’t really consider myself poor).
Anyone that thinks having money would be easy and all your troubles would just go away has obviously never had money. It’s stressful and a massive pain in the ass. Would I want to go back to being dirt poor? No…but I think I’d prefer to be somewhere in the middle.
No, I’ve never had money and you’re right, I’m not aware of all the goings on when you have it, but it sounds like you don’t have enough to make all your troubles go away, nor show it off. Sounds like it takes quite a bit of money to live the easy life.
I would of course like to have enough money so that I could retire and have the property and home that I would like to have, (20 acres with trees and a pond and a small brick house no more than 1300 square feet), but for now, I am content being just a thousandaire with less than an acre, a couple trees, no pond and a 1300 square foot house, not made out of brick.
As far as I’m concerned, I’m livin’ the good life. Maybe not the ideal life, but the best I can have right now………and it’s way damn better than it was 6 years ago when I was married. I definitely have more money now.
The evil in women’s hearts leaves them no moral bounds as to inhibit them from descending to the lowest levels of darkness to acquire their self entitled desires.
Great post and sound advice, DarkRyu! I agree with pretty much all of your thoughts and advice.
I think how you manage that initial phase when you start coming into real money is very important. It’s exceedingly difficult for people to feel like they’re moving backwards in life. It’s easier to have always had the $30k used escalade than to have had the $100k new escalade and then downgraded to the $30k used escalade, even in the case of a financially savvy person. You’re much better off delaying that gratification than trying to rein yourself in later.
For instance, it’s very common after you finally begin making money to reward yourself for all of your hard work. Often times you’ve even spent years motivating yourself with the fantasies of what you’ll do with money. You decide to upgrade your current 48 in HD TV that you actually like and works great. You’ve earned it and you can finally afford it! So, you go out and buy the newest 4k 80in TV, which is amazing! After a month you’ve become accustomed to this nicety. However, if you were to go back to your old TV, you’d feel a legitimate let down. And if you don’t break this mindset, what are you going do in 10 years when the new 160in 20k uberHD TV comes out?
This mindset just compounds over time. House, cars, boats, vacations, furniture… Women are generally terrible in this regard and have to keep upgrading endlessly in order to feel like they aren’t failing. Ironically, as you get more things that you never needed in reality, that fear of losing everything becomes a legitimate reality.
“The more powerful and original a mind, the more it will incline towards the religion of solitude.” ― Aldous Huxley
What’s the point of keeping up with the jones’? You want to know something?… nobody cares what kind of rich house or fancy car you drive. In fact, most people will probably secretly resent you because of it.
Americans especially, think collecting material wealth, just to prove they are better than their counterparts, will provide them with a constant stream of eternal happiness. People will not worship you or treat you with anymore respect in the long run because you drive a BMW vs. a Honda. That short-term happiness will wear off rather quickly.
I grew up poor. Not starving poor, but poor enough to know how to live on the bare essentials. A series of cosmically lucky breaks, and a s~~~ ton of really hard work for a long time, and a strong faith in God got me into a career where I can make more money than I need. As soon as it did, I opened up the ambition tap and poured it on. I’ve had several years of 52 weeks with no vacation, months with no days off, nights, weekends and holidays etc. Just working like a machine as hard as I could.
I did it to make enough money that I would never have to worry about the essentials again. And, for the most part, I’ve succeeded.
Here’s what I learned along the way: If you don’t have that first 20-30k per year for survival essentials, you are probably not going to be very happy no matter how much zen and philosophy and freedom you have. But if you work hard enough to have ten times more than you need for those survival essentials, the extra money probably wont make you 10 times happier (note all the wealthy celebrities who die of overdoses on drugs they take … trying to achieve some kind of happiness).
What working that hard will do is make you 10 times busier, 10 times more exhausted, sometimes 10 times sicker… There are other results too, and they are not all bad. It may get you some measure of respect and admiration for your work ethic. This may matter if the respect and admiration of other people for your work ethic is valuable to you.
But ultimately, having money permits you to be happy, but doesn’t assure it. It may allow you time to go do things that make you happy. Or, it may allow you to buy enough drugs to overdose. Based on my own experience, I’d advise anyone to focus on getting enough money for the essentials for survival, then figure out what makes you happy, and focus on that. My suspicion is that for most of us, it’ll be doing something rather than having something…
Look, it's not my fault that tornado dropped a house on your sister. Now get back on your broom and get your ass out of here... and take your monkeys with you
figure out what makes you happy, and focus on that. My suspicion is that for most of us, it’ll be doing something rather than having something…
Well said!
Everybody now worships at the alter of consumption and consumerism, all they are concerned about is what they don’t have and think they need to make them happy.
They have been sold a lie, they have been led to believe they cannot be happy unless they have the right watch, phone, car, house, clothes etc. So they end up working hard at a job they hate to earn money to buy crap they don’t need until the day they die.
The worst thing that ever happened was the way debt was rebranded as credit and seen as a good thing. So we have people getting massively in debt to buy things they think will make them happy. The reality is they are actually unhappier due to the worry and having to work even harder to pay the monthly interest payment.
I drive an 11 year old car, have an £80 phone and a 5 year old laptop. The only debt I have is a mortgage on a rental property I own but as the rent is double the mortgage I don’t worry about that. I have enough cash in the bank to easily live on for a year and that is what makes me happy and able to sleep soundly at night.
I walk around the shops and honestly there is nothing I even want or need, much happier without all that crap. I look at nice cars but it all seems such a hassle, I get more pleasure looking at the cash in my bank than it sitting on the drive depreciating every day.
To the youngsters with their leased White Audis and iPhone X who eat out for lunch every day I look like the poor person but I would not swap with them.
For me money is security and peace of mind I have no interest in giving it away.
For women, everything eventually boils down to Alpha Fucks, Beta Bucks.
Men who show off their wealth are just peac~~~ing and trying to attract women….if you strip back what most men do it involves, in one form or another, trying to attract women
it is pretty f~~~ed up when you think about it
Anyone that thinks having money would be easy and all your troubles would just go away has obviously never had money. It’s stressful and a massive pain in the ass.
I guess it depends what you do with it. I’ve been investing mine building a diversified portfolio of dividend paying stock. Its not like running a business or dealing with rentals…all I have to do sit back and collect dividends. I don’t have to worry about any customers, tenants, lawyers, security, or insurance either. I don’t even have to worry about being a target…nobody can tell how many zeroes are in your bank account by looking at you, and if you don’t dress to impress, live in an expensive house, or drive a fancy car they probably don’t suspect its anything above average.
I actually find it the opposite of stressful. It provides me a sense of security knowing that I’m almost at a point where dividend income alone will cover my basic living expenses, so if anything should happen to my job I don’t have to rush to find another one and can more than stay afloat with a minimum wage job if need be, or that in a few years I’ll just straight up be at a point where work is optional.
Anyone that thinks having money would be easy and all your troubles would just go away has obviously never had money. It’s stressful and a massive pain in the ass.
I guess it depends what you do with it. I’ve been investing mine building a diversified portfolio of dividend paying stock. Its not like running a business or dealing with rentals…all I have to do sit back and collect dividends. I don’t have to worry about any customers, tenants, lawyers, security, or insurance either. I don’t even have to worry about being a target…nobody can tell how many zeroes are in your bank account by looking at you, and if you don’t dress to impress, live in an expensive house, or drive a fancy car they probably don’t suspect its anything above average.
I actually find it the opposite of stressful. It provides me a sense of security knowing that I’m almost at a point where dividend income alone will cover my basic living expenses, so if anything should happen to my job I don’t have to rush to find another one and can more than stay afloat with a minimum wage job if need be, or that in a few years I’ll just straight up be at a point where work is optional.
I wish I had the knowledge back when I was my son’s age. I could be retired by now. My son is 23 and has begun making money in stocks. If he keeps going like he is, he’ll be well off and retired by the time he’s 40.
The evil in women’s hearts leaves them no moral bounds as to inhibit them from descending to the lowest levels of darkness to acquire their self entitled desires.
a career where I can make more money than I need.
Most people make more money than they need. If I spent money only on what I needed, like you said, the bare essentials, my bank account would be much larger.
With the exception of a couple of years, I’ve lived all my life without a cell phone, but most people I know think they can’t live without one. Not having that one thing alone has saved me quite a bit of money. We don’t need a TV, but we all have at least one, don’t we.
We need air, water, food, clothes, shelter and transportation. Everything else is a luxury. Most of us have much more than what we need. Many people are spoiled and think they need their luxuries. When people find out I don’t have a cell phone they get a surprised look on their face and ask me how I live. I always tell them I’m living much better than when I had one.
The evil in women’s hearts leaves them no moral bounds as to inhibit them from descending to the lowest levels of darkness to acquire their self entitled desires.
Read the Millionaire Next Door. That is what you want to be. The good news is that thanks to reality shows women think that wealthy men are the guys who dress up in designer clothes, drive expensive cars and wear expensive watches etc. Those guys are posers and usually neck deep in debt.
- AuthorPosts
You must be logged in to reply to this topic.
921526
921524
919244
916783
915526
915524
915354
915129
914037
909862
908811
908810
908500
908465
908464
908300
907963
907895
907477
902002
901301
901106
901105
901104
901024
901017
900393
900392
900391
900390
899038
898980
896844
896798
896797
895983
895850
895848
893740
893036
891671
891670
891336
891017
890865
889894
889741
889058
888157
887960
887768
886321
886306
885519
884948
883951
881340
881339
880491
878671
878351
877678
