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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
ok, gambling was many years ago. Lets put this aside now.
Say i borrow a million dollars to get a business started up and running and after all the business operations/expenses it gives me a return on investment of 150-250k yearly, now that is a good return right?
A million in debt now gives me 200k of income. You see?
You could also do this with borrowing money from credit cards to make money at casinos as well. Take out 1000 of borrowed money and you win 10,000, now that is 1000% return on investment!!
But we all know gambling don't have the best odds but sometimes you do get lucky lol
ok, gambling was many years ago. Lets put this aside now.
Say i borrow a million dollars to get a business started up and running and after all the business operations/expenses it gives me a return on investment of 150-250k yearly, now that is a good return right?
A million in debt now gives me 200k of income. You see?
You could also do this with borrowing money from credit cards to make money at casinos as well. Take out 1000 of borrowed money and you win 10,000, now that is 1000% return on investment!!
But we all know gambling don't have the best odds but sometimes you do get lucky lol
Man I need to learn how to make money from you. Who cares about low risk like a LOC at 3.5% and put it in a ETF/stock that gives you 5%+ in return. Every bank knows how much I stunt and loan me a mil with no personal guarantee. Gotta go all in or nothing playboy.
Hahahah. There needs to be a diesel_test forum, where he can just regale us day and night with his worldly wisdom on investing, gambling tips, business advice, women and dating, and whatever else comes out of that beautiful mind of his.
Hahahah. There needs to be a diesel_test forum, where he can just regale us day and night with his worldly wisdom on investing, gambling tips, business advice, women and dating, and whatever else comes out of that beautiful mind of his.
im from a family that owns a business so i'd know a thing or two about that and investing although i haven't personally really got started on creating my own wealth yet. Im looking into starting a business in the next few months
and definately, im NOT saying gambling is a good idea but its fun and you can win some if you have some excessive cash
I am not sure why, but I dislike people that chase money and only money and place it above all else.
You can be worth a million bucks, and still be poor or worse off than someone who barely gets by.
I do always encourage everyone to chase happyness and if that leads to money so be it. But if your whole life revolves around looking for ways to just make bucks.. that's sort of shitty and can make a person do shady things to get to where they want to be.
With that said, I'd be happy making > 90K/year.
Edit: Lil wayne is a faggot - a cancer for anyone that likes music.
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ok, gambling was many years ago. Lets put this aside now.
Say i borrow a million dollars to get a business started up and running and after all the business operations/expenses it gives me a return on investment of 150-250k yearly, now that is a good return right?
A million in debt now gives me 200k of income. You see?
You could also do this with borrowing money from credit cards to make money at casinos as well. Take out 1000 of borrowed money and you win 10,000, now that is 1000% return on investment!!
But we all know gambling don't have the best odds but sometimes you do get lucky lol
First you say "put gambling aside".
Then this post, and your next few, talk about going to the casino.
Make up your mind!
__________________ Do Not Put Aftershave on Your Balls. -604CEFIRO Looks like I'm gonna have some hot sex again tonight...OOPS i got the 6 pack. that wont last me the night, I better go back and get the 24 pack! -Turbo E kinda off topic but obama is a dilf - miss_crayon Honest to fucking Christ the easiest way to get a married woman in the mood is clean the house and do the laundry.....I've been with the same girl almost 17 years, ask me how I know. - quasi
Tha Carter II/III was dope but he fell off hard after that
probably too much lean fucked up his brain, only reasonable explanation for the shit he wears
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Quote:
Originally Posted by diesel_test
ok, gambling was many years ago. Lets put this aside now.
Say i borrow a million dollars to get a business started up and running and after all the business operations/expenses it gives me a return on investment of 150-250k yearly, now that is a good return right?
150k per annum is not a great return on a business that costs $1M. Considering the risks inherent with starting a new business plus the time required if you are managing it yourself, it would take 6.5 years just to get your money back. $250-300k is where I would want to be on a million dollar venture.
150k per annum is not a great return on a business that costs $1M. Considering the risks inherent with starting a new business plus the time required if you are managing it yourself, it would take 6.5 years just to get your money back. $250-300k is where I would want to be on a million dollar venture.
if the bank is lending you 1M, you're not putting your own $$$ to start the business. the bank wants atleast 25% secured cash down payment from you though
ROI of anything over 10% after interest and expenses using the banks money to make money is considered good today.
i put 25% of my own money to get a 1M business giving me 150-250k per year is not good, wtf?
Being in DEBT using only 25% of my own money is gonna make me richer and richer. the key word is cashflow and leverage
If the debt is giving you cash flow, you're good
Last edited by diesel_test; 01-15-2013 at 09:34 PM.
If we are not able to ask skeptical questions, to interrogate those who tell us that something is true; to be skeptical of those in authority, then we're up for grabs..
-Carl Sagan
Tha Carter II/III was dope but he fell off hard after that
probably too much lean fucked up his brain, only reasonable explanation for the shit he wears
There are a couple good tracks on Tha Carter IV.
I renamed Blunt Blowin' to Kitchen Cleanin' because whenever I smoke and put the song on, next thing I know my kitchen is sparkling clean!
Also, Abortion is a great track to smile even when you're down.
I should help rich people find things to spend money on to make them feel good
No man, you need to get real. You need to grow up, and get a real job. Maybe focus on a career, considering that you're not 21 anymore.
While you were out getting laid, I was buying real estate. You banged a 50 y/o asian bitch, I just moved into a 6200 square foot house.
While you were getting high, I was learning about electrical engineering as it pertains to my industry. Your lungs are full of weed smoke, while my garage is full of cars.
While you were writing a book, I was moving product in a competitive industry making money, slowly but surely. Putting cash away every month, letting that cash make money for me. Passive income is sexy.
Life is a long road, but the decisions you make today will have a profound effect on the person you are tomorrow.
Aircraft pilot for a commercial jet and putting in a lot of overtime. As you know from 9/11, there are schools that teach people to learn and get their commercial liscense. Pilots with some routes get extra incentives. But you would have to wait until you are a chief pilot to get into the million dollar catagory.
Is this off Wikipedia? lol
No airline pilot in this day and age makes upwards of a million dollars. I have heard rumors of the oldest payscale(no longer around), A Cathay Pacific pilot could make upwards of 3/4 of a million dollars which is unheard of. Since that was the A scale, they are now onto the D scale... Meaning if your lucky you could bring in upwards of $250000 a year. Keep in mind, this is after 30 years with the company.
This is coming from an Air Canada pilot making $45k a year, only 25 years until I can start making real money
No man, you need to get real. You need to grow up, and get a real job. Maybe focus on a career, considering that you're not 21 anymore.
While you were out getting laid, I was buying real estate. You banged a 50 y/o asian bitch, I just moved into a 6200 square foot house.
While you were getting high, I was learning about electrical engineering as it pertains to my industry. Your lungs are full of weed smoke, while my garage is full of cars.
While you were writing a book, I was moving product in a competitive industry making money, slowly but surely. Putting cash away every month, letting that cash make money for me. Passive income is sexy.
Life is a long road, but the decisions you make today will have a profound effect on the person you are tomorrow.
Agree and disagree.
Writing is a whole different art from music and acting. Music and acting has a lot to do with looks. Writing all comes down to whether you're good or not. I personally know a handful of authors who have collected into the 6-figures worth of royalties. It is not uncommon for a writer to get a 5 to 6-figure advance, with 4-figure royalty checks coming in every x amount of months.
- Having said that, it isn't wise to put all your eggs into one basket and just swing for the fences, hoping your book will be the next blockbuster. I'm a songwriter for a record label and a writer for a literary agency, but I'm also an engineer by profession.
No one has the right to tell anyone else how to live. I'm sorry, but this is one of my biggest pet peeves.
Not everyone's dream is to work a day job, buy a car, buy a house, have kids, and tell them to rinse and repeat.
If you live in a world where you really think that's all there is, I truly, truly, feel sorry for you.
Everyone has different aspirations. Just because your path is for you doesn't mean it's for everyone else. Life is meant to be lived the way you want. Life is anything BUT one-size-fits-all.
__________________ Studies show 100% of people die.. Might as well have some fun.
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