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"Exploit the incomes vulnerabilities and needs of others they can monetise with their own existing higher wealth band?" Yes that is very true but not a bit of me… landlords really get under my skin. Not the ones that take a risk to have 1/2 properties but the ones who buy everything up and get greedy with it | |||
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"They usually work for it or inherit it. Sometimes they win it." I certainly won’t inherit it… I try to work for it but I’m afraid it’s well out of my reach really difficult to get something of such a high profile! | |||
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"Hey, I’m a totally money driven individual which has its pros and cons. But if I see something that I feel I can make a cut on I’m all in! What do you believe millionaires do to generate such an income? Who wouldn’t enjoy to choose the car they like rather than just the car that they can afford? Or the house, the holidays… wouldn’t life just be so much simpler with that money behind you do do as and what you really want to do and enjoy!" Moeny is freedom but if you spend your life trapped in the pursuit of it, that is a prison | |||
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"They usually work for it or inherit it. Sometimes they win it. I certainly won’t inherit it… I try to work for it but I’m afraid it’s well out of my reach really difficult to get something of such a high profile!" You could probably manage it on paper by buying run down property and doing it up but you need capital of an understanding bank manager for that | |||
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"I made my money by comprehensively studying economics and then studying market trends and applying theory to current affairs fishing for an opportunity. " Are you a ‘trader’? If so feel free to message me I have done a bit and made a bit before! | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Yes I don’t like the idea of exploiting things. Some people get so greedy with everything it becomes sickening but there has to be a happy medium! | |||
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"They usually work for it or inherit it. Sometimes they win it. I certainly won’t inherit it… I try to work for it but I’m afraid it’s well out of my reach really difficult to get something of such a high profile! You could probably manage it on paper by buying run down property and doing it up but you need capital of an understanding bank manager for that" An understanding bank manager… interesting sentence ![]() | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Anyone being a millionaire feels greedy | |||
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"Also the idea that those who aren’t rich, aren’t because they don’t work as hard/ hard enough or that they are bad with money, lazy etc are all crapitalist myths. People work hard and can barely afford to pay someone else’s mortgage or heat their house or feed themselves or their children. " Absolutely, I’ve been there working 60 hours a week barely able to keep a roof over my head and those days are the ones that keep pushing me forward to try and avoid the situation I was in and better myself | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() The problem round here is that a lot of people are paper millionaires not through greed but through the rise in house prices. | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() I get that… but for example the euromillions! Just on Friday someone won £65million in the uk, why can’t they cap the prizes at 1 million and boost all smaller prizes it’s just too much for one person but they could generate so much more happiness with decent prizes for less numbers | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Yeah. Funny I was talking earlier tonight about how my Nan’s house has gone up by £1M in value in 20 years since she bought it. Buying in London I guess. | |||
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"Sometimes right place right time. An older friend of mine was travelling in Australia years ago and met a film producer with an idea for a film but too broke to put it together. My friend to took a punt and invested 5k. The film was Crocodile Dundee. Some people just seem lucky like this individual, but then in his life he's taken risks with money I would never have done. That being said he's considered and considers himself poor among his circle of friends. So even with millions like him it's not necessarily the case that you feel you've 'made it' and it's only relative to the people you associate with often. " Wow what a story to have nonetheless! That’s true, I’d like to think I’d keep a very simple life but be able to have nice holidays a decent car that I like rather than just afford etc | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() From your op I'd have thought you'd be all for the big money | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Wow what an investment for her though! | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Agree it’s WAY too much for one person! | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() No not at all, 1 million jack pot on a lottery is more than enough, I don’t believe any individual needs £100 million it just seems over kill to one person to me | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Absolutely. Although she lives in it and probably will until she dies. So I think she bought it more because she liked it than anything else | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Also why I believe in affordable housing for ALL. | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Absolutely, it’s so tricky! People put the price of land up house builders always slap an extra £10/£20k on the houses they build every year people are lucky to save up just the extra deposit they would need to get into the ladder the way they go up | |||
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"if we were all millionaires we would all die. You need rich and poor to make the world turn" Nonsense. You don’t *need* millionaires at all! And the idea that we NEED rich and poor is why we probably deserve what the planet will do to us all soon. | |||
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"if we were all millionaires we would all die. You need rich and poor to make the world turn Nonsense. You don’t *need* millionaires at all! And the idea that we NEED rich and poor is why we probably deserve what the planet will do to us all soon. " What’s the planet going to do to us? The same as it done to those obnoxious dinosaurs? ![]() | |||
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"if we were all millionaires we would all die. You need rich and poor to make the world turn Nonsense. You don’t *need* millionaires at all! And the idea that we NEED rich and poor is why we probably deserve what the planet will do to us all soon. What’s the planet going to do to us? The same as it done to those obnoxious dinosaurs? ![]() Blow us up ![]() | |||
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"Don't think the dinosaurs poisoned their own air and destroyed their own ecosystem " Can only imagine how much those oversized buggers farted. Cows fart too much for the world we live in so we drug them | |||
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"Millionaires aren't what they used to be. There are a lot of pensioners in the south east who bought their houses 60 years ago and are now with over a million but they still can't afford to put the heating on. The trouble with driving towards mass wealth is you never achieve it, the more you get the more you want. There's nothing wrong in wanting to be successful but you'll only be happy when you are content in what you have and appreciate the true value of things. A man waking his dog to meet his friend in a pub for a quick pint is probably far happier than a bloke stood in a champagne bar bragging to strangers that he's just bought a £50,000 Rolex. To make money you need to have a gift (eg elite sportsman), or spot an opportunity and throw everything at it to make it a success. Most successful people I know, didn't get it right first time and had many failed attempts before finding something which works. Unfortunately, to be truly successful in a money sense, you need to be truly ruthless, bit like Mr Musk." Some very good points indeed! I have an end goal and once I get it I’ll pack my job in and live life the best I can I wouldn’t want to over do it | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Me too. My dad believes he has the answer which is to simply devalue all property by 75%. Mind you this is the same man whose cunning plan for a new diet was to add water to stew. | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Interesting idea, the trouble is no one would sell there homes for such a loss and it would create a stagnant market I guess… | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() I doubt anyone would agree to it and I'm pretty sure my dad hasn't thought it through ![]() | |||
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"They usually work for it or inherit it. Sometimes they win it. I certainly won’t inherit it… I try to work for it but I’m afraid it’s well out of my reach really difficult to get something of such a high profile!" If you follow sound financial principles for a few decades, you would do just fine. Start with this never spend more than an 80% of your income, save 10% giveaway 10%, if you do this for 30 years, I promise you will be a millionaire | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() I had a business partner once who believed when we die everything should go back to the state so that each generation has to make its own success with no privilege or head start handed down from the last. it didn’t stop him being driven or motivated. He built up a very successful software company with over 100 staff, rejecting many offers to sell for up to £250 million. But a little bit like Bill Gates he made it very clear his kids would not get inheritance | |||
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"Sometimes right place right time. An older friend of mine was travelling in Australia years ago and met a film producer with an idea for a film but too broke to put it together. My friend to took a punt and invested 5k. The film was Crocodile Dundee. Some people just seem lucky like this individual, but then in his life he's taken risks with money I would never have done. That being said he's considered and considers himself poor among his circle of friends. So even with millions like him it's not necessarily the case that you feel you've 'made it' and it's only relative to the people you associate with often. " Risk taking is absolutely crucial, and also the resilience to bounce back from the risks that don't come off. Most of us just don't take those big risks, which is absolutely fine, so we're never likely to see the big financial rewards except by pure luck. | |||
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"Exploiting others to make millions just doesn’t sound fun to me. And I say that with family members who this applies to. ![]() Bill gates said his kids will inherit like 1.5% through various means and will not be hurting ultimately but he presses from them to not rely on this as a fallback. this was recently on an interview in USA where he was asked about wealth distribution . Personally I’d want any kids I have to get everything I have assets wise much my like my folks with me | |||
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"Also add in money makes money it’s much easier to generate big wealth from wealth. I know this as the majority of my male friends are all millionaires (liquid ) " This is like a law of opportunity the more you have you are disproportionately privileged positively. You see it everywhere like the poorest people pay much more for their gas and electricity. You don’t need a lot of money to live on interest & capital growth only - although it’s getting a bit harder and the last year ! If most people understood this at 16, they would be retired by 35 /40 | |||
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"if we were all millionaires we would all die. You need rich and poor to make the world turn Nonsense. You don’t *need* millionaires at all! And the idea that we NEED rich and poor is why we probably deserve what the planet will do to us all soon. " Ok Einstein. so we should all be working class? Who owns and creates business then to help us earn a living. | |||
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"The millionaires I know are obsessed with making more money I will be a paper millionaire at some point with house equity/savings + pension " Joe is rubbing his hands right now. | |||
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"Also add in money makes money it’s much easier to generate big wealth from wealth. I know this as the majority of my male friends are all millionaires (liquid ) This is like a law of opportunity the more you have you are disproportionately privileged positively. You see it everywhere like the poorest people pay much more for their gas and electricity. You don’t need a lot of money to live on interest & capital growth only - although it’s getting a bit harder and the last year ! If most people understood this at 16, they would be retired by 35 /40" how much is not a lot of money…? | |||
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