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  1. Sethamus

    Personal Rules to Avoid Losing Your Wealth

    GOLD! HOT! INVESTING 
    Lots of good ones posted, not much to add. Invest in simple until you understand the advanced. Never invest money that my family might need tomorrow. Always have the spouse on board before making bigger investments. If I cannot convince her, than I need to take another look at the investment...
  2. Sethamus

    How many of you guys pay virtually nothing in taxes due to write offs?

    HOT! TAXES | REGS 
    When you get to the franchise phase, you could do the “move to PR” as the business would be providing services outside of PR and qualify for the super low tax rate. Not tax free, but super low and you only have to spend so many days there, half a year or something @Kak ?
  3. Sethamus

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    But why shouldn’t we trust the banks with our money? Oh wait.... Greek financial banking crisis Do you think they are the only people this can happen to?
  4. Sethamus

    Hey MJ & co. Why Is "Everyone Doing It" On NFTs? Is It The Real Deal?

    HOT! INVESTING 
    Well let me know, I’ll go acquire some cheap land out west and sell it to you to start a farm. Disclaimer: land will have no water sources, very little annual rainfall and mostly clay soil so a great deal of money will be needed to make it fertile, but don’t worry it is still valuable :)
  5. Sethamus

    Sharing my lifetime experience in export/import. Product sourcing specialist.

    GOLD! SOURCING 
    If you can potentially save that much then it could be worth it if the quality is there. If you would be making multiple of these orders it wouldn’t hurt to get one sample or (even cheaper option and probably better is to visit the factory). A small wood or plastic product I can have shipped...
  6. Sethamus

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    Then they shouldn’t be careless with their life savings. No different then all the options players who sell their house and cash out 401k to trade options. @MJ DeMarco strategy is selling these guys insurance for when their bets do not work out. What about someone who uses his life savings for...
  7. Sethamus

    Hey MJ & co. Why Is "Everyone Doing It" On NFTs? Is It The Real Deal?

    HOT! INVESTING 
    I just saw a great question ask of an nft sneaker brand that has generated $3.1 million so far in digital sneaker designs. It compared digital nfts to the baseball card industry in the 90s when manufacturers started to make additional copies or lookalike cards that brought down the value and...
  8. Sethamus

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    If you read everything in the thread I think you would see 90% agree that Bitcoin will not be the key technology in decentralization IMO in the long term(10 yrs out). However for this bull run and possibly the next one, it is the most well known and community backed crypto to start the process...
  9. Sethamus

    Hey MJ & co. Why Is "Everyone Doing It" On NFTs? Is It The Real Deal?

    HOT! INVESTING 
    Agree, I could go find and sell you a few acres of land that is worthless. No utilities, limited access, no supporting local population, and too small to actually do anything productive with besides park a trailer on. Until someone has an idea to improve the land its intrinsic value is nothing...
  10. Sethamus

    Sharing my lifetime experience in export/import. Product sourcing specialist.

    GOLD! SOURCING 
    I would start looking at brands and finding where they are made or find wholesalers that could sell directly to you. I would think, maybe Walter can confirm, that finding a UK or EU manufacturer would be cheaper in the long run due to shipping on the bigger items. List of UK manufacturers...
  11. Sethamus

    Income Investing vs Capital Gains Investing

    INVESTING 
    There should be a mix depending where you are on your journey IMO. I’m still getting started and need to focus more on CG, but a small rental that I could pay off and take all the cash flow isn’t terrible. Unless a get 10x more of these though I would do better to grow my money using a...
  12. Sethamus

    Cash Out Refi for a rental property

    She can see the history of rent, but does she have access to Airbnb and VRBO data? Those two companies scrub (dna and mash) scrub the short term sights for the data. House sale price, listed rental price (through realtor) are all mls, but does she have access to the short term rent data?
  13. Sethamus

    Cash Out Refi for a rental property

    There is AirDna and Mashvisor that you could get a subscription to for a month to compare your market and help analyze the best property size and area for short term rental. Use that along with long term rental comps and try to buy a property in an area where a short term rental would be...
  14. Sethamus

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    Are they? Did they buy the dip below 50k the other week? I’m wondering how long it takes a company like this that is all in on crypto to make these purchases as everyone else that join in to help rocket the price up will take even longer. Also, what will cause the market correction of 70%+ this...
  15. Sethamus

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    This is your 2021 target?
  16. Sethamus

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    IMO. Once visa and MasterCard come on board I image it would be how today’s fiat is used in the retail space. For business transactions where actual instant transfer may be needed the fees are not that expensive. Eventually ETH will fix the fees or a smaller altcoin(it could be one visa and...
  17. Sethamus

    Idea Validation

    IDEA 
    Way more people are qualified to answer, but to get you started. 1. Look up search volume and google trends to see demand in Canada and U.S (why only sell to one). You can also use Amazon to see demand, competitors, etc. 2. @Walter Hay has a great thread on importing and books on importing...
  18. Sethamus

    Is it Lindy?

    After thinking on it more I came to this. It could be taken many ways I feel and the chart really just screws up how you first read the explanation of Lindy. Before this post I have never heard of it so this is just my take from this thread. The chart helps identify the industry that has been...
  19. Sethamus

    Is it Lindy?

    Just throwing this out, let’s see if it makes any sense for Lindy. Let’s take Johnny’s business. Been around forever and done the same way forever, which is why there are so many single operators are out there. Johnny is doing digital pay which is ahead of most, but nothing truly...
  20. Sethamus

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    I wouldn’t be to worried about gas expenses because imo exchange between the average retail consumer will not start with small payments. It will be in the form of business transactions and larger assets like real estate. Current fees are easily $1000 for legal paperwork so a real solution to a...

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