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Posted: 8/13/2021 8:55:32 PM EDT
[#1]
Bragger
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Posted: 8/13/2021 8:58:22 PM EDT
[#2]
I'll defend Spidey. When a guy risks all his money to make money. And his risk pays off. He has a right to brag. And own a live tiger in his backyard.
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Posted: 8/13/2021 8:59:52 PM EDT
[#3]
Quote HistoryQuoted: Bragger Lol…I still have to work. Do as I say and you’ll retire way early. |
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Posted: 8/13/2021 9:00:35 PM EDT
[#4]
Buy amc and ethereum
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Posted: 8/13/2021 9:01:38 PM EDT
[#5]
Buy gold
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Posted: 8/13/2021 9:03:30 PM EDT
[#6]
I have a piggy bank 1/2 full.
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Posted: 8/13/2021 9:05:33 PM EDT
[#7]
One sick puppy!
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Posted: 8/13/2021 9:06:38 PM EDT
[#8]
Quote HistoryQuoted: Buy gold Lol DCA into Bitcoin and Ethereum. |
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Posted: 8/13/2021 9:07:50 PM EDT
[#9]
Quote HistoryQuoted: Buy amc and ethereum Hell yeah Ape! Also buy Bitcoin and GME |
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Posted: 8/13/2021 9:09:14 PM EDT
[#10]
Excellent advice.
Those are the rules that allowed me to retire at age 56 without a six figure income. |
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Posted: 8/13/2021 9:10:05 PM EDT
[#11]
Quote HistoryQuoted: Lol DCA into Bitcoin and Ethereum. Quote HistoryQuoted: Quoted: Buy gold DCA into Bitcoin and Ethereum. |
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Posted: 8/13/2021 9:11:06 PM EDT
[#12]
I knew this wasn’t a good idea to post. But my dumbass did it anyway.
But seriously what I posted was basic shit. Nothing special. Wish I woulda saved/invested more when I was younger and not been so scared of risk/loss. |
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Posted: 8/13/2021 9:12:25 PM EDT
[#13]
buy bitcoin
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Posted: 8/13/2021 9:15:52 PM EDT
[#14]
Solid info.
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Posted: 8/13/2021 9:19:06 PM EDT
[#15]
Don't forget the index funds.
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Posted: 8/13/2021 9:23:01 PM EDT
[#16]
Quote HistoryQuoted: I'll defend Spidey. When a guy risks all his money to make money. And his risk pays off. He has a right to brag. And own a live tiger in his backyard. Tiger King is that you?  ...oh wait....  (I am sure his new home has welcomed him with all the husbands he can afford now though)
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Posted: 8/13/2021 9:23:59 PM EDT
[#17]
Spidy's exactly right...no one gets rich working for a living..trust me
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Posted: 8/13/2021 9:25:26 PM EDT
[#18]
Quote HistoryQuoted: I knew this wasn’t a good idea to post. But my dumbass did it anyway. But seriously what I posted was basic shit. Nothing special. Wish I woulda saved/invested more when I was younger and not been so scared of risk/loss. I got serious about it late as well, I have been trying to make up for it but overall you can't make up lost time. Also was not aware of the HSA option to save more from being taxed. .
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Posted: 8/13/2021 9:25:45 PM EDT
[#19]
1. Doge to the moon.
2. Hookers--everyone says coke and hookers. This is false. 3. Coke. Hookers like coke. 5. Machine guns. 8. Profit? |
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Posted: 8/13/2021 9:25:45 PM EDT
[#20]
Im dead ass serious when I say this. Spidey is always bullish on the market and hes right, historically. I would go into BTC and Ethereum 50% right now, the dollar is dead and no matter how many you have they are printing them out of existence, its disgusting and I hate it. My 401k is well funded but my diversity is into crypto and silver because there is no way the US dollar survives another 10, 20, 50 years with the crackheads throwing 3.5 Trillion away indiscriminately at their behest. Math is math and they are robbing the treasury right in front of us. Please diversify.
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Posted: 8/13/2021 9:26:43 PM EDT
[#21]
Was with you until you said to hire a pro. Unless you have millions you don't need to hire anyone
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Posted: 8/13/2021 9:28:11 PM EDT
[#22]
Ignore risk at your own peril.
Kids, just remember, the stock market is the best place to put your money for long term growth but be responsible about taking risk. Paying off debt is the responsible way to take risk. |
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Posted: 8/13/2021 9:30:06 PM EDT
[#23]
All in on HOOD calls
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Posted: 8/13/2021 9:30:08 PM EDT
[#24]
Quote HistoryQuoted: Bragger nothing bragging at all. from what I've seen too many people are not interested, make excuses or too conservative to max their retirement. |
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Posted: 8/13/2021 9:30:49 PM EDT
[#25]
Start a business so you’re not busting ass making someone else rich. Start when your young. Your not missing nights out drinking when you can retire in your 40s.
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Posted: 8/13/2021 9:31:33 PM EDT
[#26]
Listen to Spidey on investing, not so much on Fantasy Football!!!
 J/K |
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Posted: 8/13/2021 9:32:18 PM EDT
[#27]
Spidey is a fucking permabull and people would be wise to listen. He got my ass in gear to start investing wisely.
People, especially young people, need to start taking control of their financial life. I partially blame the school system. There should be some sort of investing or money management class taught in high school, or college. There are guys at my work who are pushing 40 that don't have some sort of retirement account. Simply because the fact they don't understand how it works, the rules, etc. If I had invested the money I spent on fast cars, motorcycles, and other material stupid shit when I was in my 20s, I'd be Bill gates rich right now. I wish someone taught me about the stock market when I was younger. From 2008-2016 I had a good amount of money sitting in a "high yield" savings account doing Nothing as I was waiting to buy a house one day. If I had just stuck that money into a mutual fund for those years I'd be so much more comfortable than I am right now. I used that money as a down payment on a house that we have already outgrown and doesn't fit our needs anymore. But if I had just invested that money wisely for those years I'd have a bigger down payment for a nicer house. I guess I can't complain. But if I had known to use that money in stock market life would be alot better right now. Now that I have kids I cannot wait to teach them about the things I screwed up on. |
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Posted: 8/13/2021 9:36:49 PM EDT
[#28]
Start you kids early, my 13 year old has her own brokerage account that I put her allowance in to each month. She spends some doing teen shit and invests the rest in companies she likes after doing her own research and is discussing.
As soon as she has her first real paying part time job it will all go into a Roth IRA and I’ll up her allowance to cover the paycheck. |
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Posted: 8/13/2021 9:37:43 PM EDT
[#29]
Quote HistoryQuoted: Spidey is a fucking permabull and people would be wise to listen. He got my ass in gear to start investing wisely. People, especially young people, need to start taking control of their financial life. I partially blame the school system. There should be some sort of investing or money management class taught in high school, or college. There are guys at my work who are pushing 40 that don't have some sort of retirement account. If I had invested the money I spent on fast cars, motorcycles, and other material stupid shit when I was in my 20s, I'd be Bill gates rich right now. I wish someone taught me about the stock market when I was younger. From 2008-2016 I had a stupid amount of money sitting in a "high yield" savings account doing NOTHING. If I had just stuck that money into a mutual fund for those years I'd be so much more comfortable than I am right now. I used that money as a down payment on a house that we have already outgrown and doesn't fit our needs anymore. I guess I can't complain. But if I had known to use that money in stock market life would be alot better right now. Now that I have kids I cannot wait to teach them about the things I screwed up on. |
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Posted: 8/13/2021 9:40:48 PM EDT
[#30]
My 20 year old son started putting 15% into his 401k through Target. He only works summers and winter break when he's not in college but he's learning fast. He also made $2k this year on DOGE. I told him to take his initial investment and keep having fun.
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Posted: 8/13/2021 9:42:27 PM EDT
[#31]
Quoted: I post this to help others, specifically those under 35, really under 30. I’m sure I’ll get reamed about bragging but here goes 30 years of lessons learned and mistakes I made. Invest early! At least 15%. That first real job? 15% goes to investing every paycheck. Be it tax deferred, 401k, be it Roth, be it taxable. Pay yourself first. When young be aggressive in investing, time minimizes your risk. When I was young I was too conservative, scared of loss, scared of risk. Having 50k in an account when you’re young is a lot of money. Don’t be scared of risk. You’re already paying yourself first. That right there was my biggest mistake…too conservative when young. As your career advances, bump up the investing. You’re still in growth mode. I’m 50, I’m still in growth mode. Cashflow. Just because you have more cash coming in doesn’t mean you can spend more. It only means you can save more. Debt. Debt on an appreciating asset that outpaces inflation long term is good. Debt on depreciating asset bad, you’re getting burned on both ends. Lease depreciating assets (see cashflow) Dollar cost averaging. Don’t try to time market. Just keep plowing money at regular intervals, you don’t care about price/timing, just keep buying. Finally, don’t be scared of risk when young and pay yourself first. The goal is net worth so that your money prints money for you. When you get a decent egg going then you can worry about taxes, hire a pro. Hopefully before 35. Pro here. This is all great advice. Saving a lot and compounding investment returns is real. |
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Posted: 8/13/2021 9:45:39 PM EDT
[#32]
Richest Man in Bablyon. Embrace it.
What is the difference between money and currency? If you understand, then you know where to go. BTW, stock market is going up. |
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Posted: 8/13/2021 9:46:08 PM EDT
[#33]
Quote HistoryQuoted: Im dead ass serious when I say this. Spidey is always bullish on the market and hes right, historically. I would go into BTC and Ethereum 50% right now, the dollar is dead and no matter how many you have they are printing them out of existence, its disgusting and I hate it. My 401k is well funded but my diversity is into crypto and silver because there is no way the US dollar survives another 10, 20, 50 years with the crackheads throwing 3.5 Trillion away indiscriminately at their behest. Math is math and they are robbing the treasury right in front of us. Please diversify. Risk is risk. I also want a bit of crypto. 10% at most. |
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Posted: 8/13/2021 9:47:53 PM EDT
[#34]
I don’t get how people think the OP is bragging except if they are insecure in their own decisions and project that frustration on others who chose wisely.
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Posted: 8/13/2021 9:49:08 PM EDT
[#35]
I started living like spidey (admittedly not because of him) at age 30. I’m now 35.
My life has changed. There is hope. I won’t be working at 55. Had I done what he’s saying at 22, I wouldn’t be working at 40 |
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Posted: 8/13/2021 9:54:05 PM EDT
[#36]
Quote HistoryQuoted: Excellent advice. Those are the rules that allowed me to retire at age 56 without a six figure income. Yes it works, I started at 26 years old and retired very comfortably at 54, I'm 67 now and really enjoying retirement. |
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Posted: 8/13/2021 9:55:15 PM EDT
[#37]
I think I’m more comfortable with giving myself tax advice than spidey, but it’s solid stuff. Everyone should spend a few hours reading the bogleheads wiki and be skeptical of any advice given.
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Posted: 8/13/2021 9:59:16 PM EDT
[#38]
Quote HistoryQuoted: Im dead ass serious when I say this. Spidey is always bullish on the market and hes right, historically. I would go into BTC and Ethereum 50% right now, the dollar is dead and no matter how many you have they are printing them out of existence, its disgusting and I hate it. My 401k is well funded but my diversity is into crypto and silver because there is no way the US dollar survives another 10, 20, 50 years with the crackheads throwing 3.5 Trillion away indiscriminately at their behest. Math is math and they are robbing the treasury right in front of us. Please diversify. Our nation has survived inflation before, it will now and in the future. The people who get burned by inflation are the poor and middle class who save money. The people who squirrel away money in the bank or worse under the mattress. Gold and BTC have great potential but the easiest answer to fight inflation is the stock market. real estate is great if you don’t mind being a land lord. At the end of the day you want your wealth in physical, tangible, assets that produce or at least hold value. They gov can’t just push a button and double the supply of physical gold, houses, beach front property, rare art, etc... |
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Posted: 8/13/2021 10:01:28 PM EDT
[#39]
Quote HistoryQuoted: I think I’m more comfortable with giving myself tax advice than spidey, but it’s solid stuff. Everyone should spend a few hours reading the bogleheads wiki and be skeptical of any advice given. Yup, bogleheads is where i frequent. In 5 years I’ve went from a net worth of about 0 to about 750k. No I’m not bragging, I’m trying to inspire. That’s on a modest, dual income salary couple with young kids. |
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Posted: 8/13/2021 10:01:38 PM EDT
[#40]
Quote HistoryQuoted: I started living like spidey (admittedly not because of him) at age 30. I’m now 35. My life has changed. There is hope. I won’t be working at 55. Had I done what he’s saying at 22, I wouldn’t be working at 40 I wouldn't give up how I lived 22 for anything. |
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Posted: 8/13/2021 10:03:43 PM EDT
[#41]
Sounds like a retarded version of Dave Ramsey’s books. That being said, I do appreciate the sentiment. Thank you.
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Posted: 8/13/2021 10:06:51 PM EDT
[#42]
Quote HistoryQuoted: Sounds like a retarded version of Dave Ramsey’s books. That being said, I do appreciate the sentiment. Thank you. That's some sincere shit. 
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Posted: 8/13/2021 10:07:33 PM EDT
[#43]
I'm at point where I could cash out and live off my interest. I'm 43. However, the world is going to pot so fast that I don't have confidence enough in the system to do it. I think having my business when all this mess bottoms out will be better than losing my nest egg that I put in the market. Hopefully I'm wrong.
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Posted: 8/13/2021 10:07:35 PM EDT
[#44]
Enter a career with potential to move way up or start a biz.
I see too many people who have topped out in their 20's making $65k/yr. |
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Posted: 8/13/2021 10:11:31 PM EDT
[#45]
Spidey we've talked a lot and I feel like I should know this. Did you attend college? Reason I ask is because I spent what, $200000+ on a liberal arts degree not counting interest. I'm making not even six figures 14 years later.
 I should of done a trade and not spent as much for college Hell there are literally high school grads out here mowing postage stamp sized 10,000sqft lawns at $45 a piece. You don't need a top of the line truck, trailer, or equipment for that. You do 10 lawns a day mon-fri, not including fall cleanups, that's a nice chunk o' change per year. |
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Posted: 8/13/2021 10:15:01 PM EDT
[#46]
Quote HistoryQuoted: Was with you until you said to hire a pro. Unless you have millions you don't need to hire anyone Bull fucking shit! Bull fucking shit! Bull…shit. Taxes. Tax planning and wealth management are a thing. At least on the tax planning side. |
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Posted: 8/13/2021 10:16:14 PM EDT
[#47]
Quote HistoryQuoted: Listen to Spidey on investing, not so much on Fantasy Football!!! J/K Randy Marsh - “ha ha! Hey! Fuck you!” |
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Posted: 8/13/2021 10:20:54 PM EDT
[#48]
I do a $100 savings bond each year, I’m set.
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Posted: 8/13/2021 10:23:42 PM EDT
[#49]
This country's children are being taught that they have to go to college, get a job, work until 64 and then live on a pension/small retirement account/social security. FIRE is literally something they have never heard of, even as a concept. Retire early? What for? Building net worth? Why should I, my bills get paid. I'll work as a mechanic until I'm 70, right?
Teach your kids that they don't have to work themselves to the bone. Make your money work for you, not against you. |
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Posted: 8/13/2021 10:23:49 PM EDT
[#50]
Great advice OP
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