AMA - I will tell you guys everything I know about being successful financially

[AspiringMogger]

Just ask away

 

[AspiringMogger]

A little about myself, I’m well versed in finance, law, entrepreneurship, micro- and macro economics.

 

[KT-34]

How rich are you

 

[Mogso]

what would you recommend for a 17 year old trying to make money in the current market?

 

[AspiringMogger]

How rich are you

Rich is just a fugazi word and doesn’t mean anything in actuality. There was a bloomdale study made in 2018, where a large sample size of C-suit executives were asked about how much money you need to have before you’re considered rich. They ended up saying $25 million in assets.

Not net-worth, but in assets. You could have $25 million in assets and owe $50 million - and be in debt on the books - and you’d still be considered rich.

Trust is at the foundation of every successful person. You’re first rich when you’re trusted enough that a creditor would lend you an obscene amount of money.

 

[KaisenMaxxer]

Rich is just a fugazi word and doesn’t mean anything in actuality. There was a bloomdale study made in 2018, where a large sample size of C-suit executives were asked about how much money you need to have before you’re considered rich. They ended up saying $25 million in assets.

Not net-worth, but in assets. You could have $25 million in assets and owe $50 million - and be in debt on the books - and you’d still be considered rich.

Trust is at the foundation of every successful person. You’re first rich when you’re trusted enough that a creditor would lend you an obscene amount of money.

stop avoiding and answer

 

[AspiringMogger]

what would you recommend for a 17 year old trying to make money in the current market?

To skill stack. It depends on how you want to make money and how risk-aversive you are.

A lot of people specialise and become very good lawyers, doctors, engineers etc. which are skills that are high paying where they then bounce from business to business and leverage their skills in the job market - this is also what’s considered the cooperate rat race. You can either start doing this or becoming a business owner and providing value for yourself.

At the core of both earning a lot of money in the job market or as a business owner, you need to specialise and acquire skills that people are willing to pay a lot of money for. That’s the best bet. It’s tedious work, but there isn’t really just a get rich scheme you can just do. You need to find something that 1) you’re good at 2) someone would be willing to pay a lot for.

 

[errant]

thank you

 

[Alpha.]

What things do you think should be looked at while investing in a company.

 

[Youㅤ]

how to get interested in financial success? i know its important but i just dont care an knowledgecope instead

 

[errant]

What things do you think should be looked at while investing in a company.

if their father hasnt broken them, theyll find a man that will, or the universe will make sure that man runs into her

they will always be broken for some reason, its strange, like human instinct

 

[AspiringMogger]

What things do you think should be looked at while investing in a company.

I don’t recommend investing in the stock market for a multitude of reasons. All the investments I personally have are low stake in particular businesses or in different index funds. You should always put money in the CL 2500. When the economy grows, your money grows.

By investing in a company, you aren’t just investing in the product as of today, you’re investing in how the company is gonna look 10 years from now. Their vision, direction and the values the company hold is the most important. You want a steady return on investment (ROI) for the future to come. You have to believe in the business, and all of the business facets.

If the business is young, I’d look at the history of the people running the business, what’s their track record like, what does the market look like, which problem does their key product solve etc.

Usually the businesses that do well are businesses that operate on a market with little to no regulations. If I invest in a young company I always look at how regulation is on the market.

 

[AspiringMogger]

how to get interested in financial success? i know its important but i just dont care an knowledgecope instead

Why do you care about financial success? The reason I do it may be different to other people. I think I’m smart enough to get rich, that’s why I’ve set it as a goal.

What else is there to do career wise?

 

[Youㅤ]

Why do you care about financial success? The reason I do it may be different to other people. I think I’m smart enough to get rich, that’s why I’ve set it as a goal.

What else is there to do career wise?

i dont care cuz im lazy and money is counterintuitive

 

[lesnar]

Just ask away

What should I do with 4k/month

 

[AspiringMogger]

What should I do with 4k/month

Is that all the money going in to your account or is that surplus after you’ve paid all your expenses?

 

[Coeus]

How do you plan your day to ensure your as succesful as possible?

What things do you avoid that will distract you from your goal?

 

[lesnar]

Is that all the money going in to your account or is that surplus after you’ve paid all your expenses?

surplus after expenses is like 3k

 

[Snoofy]

How do u legally avoid taxes

 

[AspiringMogger]

How do you plan your day to ensure your as succesful as possible?

First you have to categorise what the word “success” mean to you as a person. I’m assuming it means happy.

I’m the happiest when I’m confident, and feeling productive. The question is then, how do you become confident. I believe you built confidence through repetition. I don’t believe you can really be confident without any repetition in doing what you’re doing.

That’s why I start everyday with the small W’s and I accumulate those as early as possible. I wake up 5AM and go to the gym. I eat protein, I read. I do all of the heavy lifting as early as possible.

After doing this for a long time you’ll become confident in adversity.

What things do you avoid that will distract you from your goal?

Unproductive people. I believe the 5 people you spend the most time around are the 5 people who says the most about you. If you spend time around lazy unproductive people, you will become lazy and unproductive.

 

[AspiringMogger]

surplus after expenses is like 3k

In assuming that’s all expenses. You’re making good money then. I would put approximately 30% into an index fund with an ROI of 7%.

The rest you should invest into yourself. Acquire skills that people are willing to pay you money for. Become more knowledgable.

 

[Kelly Oubre Jr]

how hairy are your balls

 

[AspiringMogger]

how hairy are your balls

Id say medium hairy

 

[asdvek]

I shoot very big loads, is it good?

 

[lesnar]

In assuming that’s all expenses. You’re making good money then. I would put approximately 30% into an index fund with an ROI of 7%.

The rest you should invest into yourself. Acquire skills that people are willing to pay you money for. Become more knowledgable.

what if i dont want to do any investing and i already got skills lil nigga

 

[AspiringMogger]

what if i dont want to do any investing and i already got skills lil nigga

Put your skills to use then lil nigga. You don’t have to know anything about investing to put 30% into an index fund. It’s not hard at all.

 

[Wexilarious]

How to start making money when you already done it 100 times, but this time you hate start something

 

[chudlite]

i own a ice cream shop, how do i increase sales, without the obvious answer which is advertising

 

[AspiringMogger]

i own a ice cream shop, how do i increase sales, without the obvious answer which is advertising

Ice cream sales are very season dependant. Do you live in a hot climate?

If you do you can lower the price per ice cream that will increase the raw number of sales.

 

[chudlite]

Ice cream sales are very season dependant. Do you live in a hot climate?

yes its been in a slump recently due to climate though,

although during summer sales normally tank because of the nearby school being on vacation

If you do you can lower the price per ice cream that will increase the raw number of sales.

i dont think this’ll do much since most items only give about 20% return on materials

lowering even more and i dont think id make enough to pay workers and bills

 

[Tylermax]

I don’t recommend investing in the stock market for a multitude of reasons. All the investments I personally have are low stake in particular businesses or in different index funds. You should always put money in the CL 2500. When the economy grows, your money grows.

By investing in a company, you aren’t just investing in the product as of today, you’re investing in how the company is gonna look 10 years from now. Their vision, direction and the values the company hold is the most important. You want a steady return on investment (ROI) for the future to come. You have to believe in the business, and all of the business facets.

If the business is young, I’d look at the history of the people running the business, what’s their track record like, what does the market look like, which problem does their key product solve etc.

Usually the businesses that do well are businesses that operate on a market with little to no egulations. If I invest in a young company I always look at how regulation is on the market.

Nigga go fuck yourself with your sp 500 bullshit. I ape all my money in crypto. Theres no sector that has any potential in the future, tech is dead, companies are dead. Only digital economy matters and decentralized finance

 

[Underdog9494]

How do i make money as a 14 year old so i can pay the dentist

 

[AspiringMogger]

Nigga go fuck yourself with your sp 500 bullshit. I ape all my money in crypto. Theres no sector that has any potential in the future, tech is dead, companies are dead. Only digital economy matters and decentralized finance

Go make your money then. I disagree, but I can’t be arsed to argue

 

[AspiringMogger]

How do i make money as a 14 year old so i can pay the dentist

Not much you can do besides robbing. Look at the age where you can be criminally pursued in your country.

 

[AspiringMogger]

yes its been in a slump recently due to climate though,

although during summer sales normally tank because of the nearby school being on vacation

i dont think this’ll do much since most items only give about 20% return on materials

lowering even more and i dont think id make enough to pay workers and bills

I would try to talk to your vendors and ask them for a cheaper price. Usually Ice cream shops are just middle men. If you can get it cheaper, you’ll make more.

The margins in retail aren’t very high

 

[errant]

moderators on .org are
the biggest fucking losers jfl what a sad life you live you sub human fucking disccord mod offspring

 

[Tylermax]

Go make your money then. I disagree, but I can’t be arsed to argue

talking about "vision" and shit, the only vision these companies have is keeping you a slave and offshoring to indian goatfuckers. you sound like a corporate bitch boy

 

[AspiringMogger]

talking about "vision" and shit, the only vision these companies have is keeping you a slave and offshoring to indian goatfuckers. you sound like a corporate bitch boy

Id slap the shit out of you if you said that to me irl.

You seem hella pressed about my post. If you believe in muh crypto bros, just invest in dog coin, go do that then and gtfo my thread you faggot.

 

[AspiringMogger]

talking about "vision" and shit, the only vision these companies have is keeping you a slave and offshoring to indian goatfuckers. you sound like a corporate bitch boy

Id slap the shit out of you if you said that to me irl.

You seem hella pressed about my post. If you believe in muh crypto bros, just invest in dog coin, go do that then and gtfo my thread you faggot.

 

[Tylermax]

Id slap the shit out of you if you said that to me irl.

You seem hella pressed about my post. If you believe in muh crypto bros, just invest in dog coin, go do that then and gtfo my thread you faggot.

You ain't gonna do shit you little faggot. I'm 6'4 242 pounds and 100% making more than your ugly ass. Suck my dick. I'll buy my next house investing in dog coin while you waiting 10 years to see a 2.5 return

 

[gangiewangie]

Just ask away

Can you give me some money

 

[BoredPrince]

Do you still think that being highly skilled and paid individual is the best way to be well off financially in this economy?

Also do you think it's worth being a social media influencer as an alternative to having a job?

 

[AspiringMogger]

Do you still think that being highly skilled and paid individual is the best way to be well off financially in this economy?

Yes. It’s all about your credit security. You’re gonna make money with a desirable skill. By acquiring skills you prove competence. By proving you’re competent, people are more willing to do business with you.

Also do you think it's worth being a social media influencer as an alternative to having a job?

If you’re interesting as a person. You lose nothing by posting on IG.

 

[ROPEBYATHOUSANDMOGS]

Just ask away

Easiest way to become debt free
Are debt relief services a scam

 

[AspiringMogger]

Easiest way to become debt free

Line up all the loans you have. Sort them from smallest till largest. Pay the minimum fee on all your loans bar the smallest one you have and focus on paying the smallest off first. When you’ve paid it off go on to the next smallest. Like a snowball effect.

Are debt relief services a scam

Yes

 

[PsychoDsk]

why aren't u interested in crypto while claiming to be successful financially, It's THE sector atm and it's not even close. Every high earning individual I know irl has a shit ton of assets in crypto. Bitcoin and crytpo in general is single handedly on it's way to overturning traditional currencies

Why not study early before it's use is widespread (in an understatement)

 

[20/04/2008]

Just ask away

How do i make money as a 16 year old in morroco ??

 

[AspiringMogger]

why aren't u interested in crypto while claiming to be successful financially, It's THE sector atm and it's not even close. Every high earning individual I know irl has a shit ton of assets in crypto. Bitcoin and crytpo in general is single handedly on it's way to overturning traditional currencies

Why not study early before it's use is widespread (in an understatement)

If you have a good understanding of crypto that’s a skill set. I don’t, and that’s why I don’t trade crypto.

Acquiring that skill set may be something I should look into. Overall I’m not really risk searching when it comes to trading. I like material assets in my portfolio, not volatile products like stocks, currency and others.

 

[PsychoDsk]

If you have a good understanding of crypto that’s a skill set. I don’t, and that’s why I don’t trade crypto.

Acquiring that skill set may be something I should look into. Overall I’m not really risk searching when it comes to trading. I like material assets in my portfolio, not volatile products like stocks, currency and others.

understandable, I'd def look into it tho. keep 20-30% of networth aside for volatile assets. I'm tryna get into real estate, r you knowledgeable in that field?

 

[AspiringMogger]

understandable, I'd def look into it tho. keep 20-30% of networth aside for volatile assets. I'm tryna get into real estate, r you knowledgeable in that field?

Somewhat. The problem with real estate today is that It’s one of the best investments you can make*if* you have a lot of capital to start off with.

It’s something every venture capitalist gets into once they’ve made their first couple of millions. The more money you have, the more money you’re going to make. The problem is, if you’re dead broke you can’t really get into it.