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  1. RealDreams

    Thoughts on the Bogleheads investing approach?

    INVESTING 
    I was curious about what MJ and you guys think about Bogleheads' approach to investing. From the page Getting started - Bogleheads, this is what it preaches: Prepare to invest: Live below your means Develop a workable plan Never bear too much or too little risk Invest early and often...
  2. RealDreams

    Following your passion isn't always bad

    MINDSET 
    Sure, I didn't mean to totally deny what MJ said, I think it's actually on point. But, personally, got the wrong idea, maybe cause at the time I was 19 and I am not a native English speaker. What I am trying to say is that, you MUST still solve a problem or provide a solution so people trade...
  3. RealDreams

    Following your passion isn't always bad

    MINDSET 
    When I first read the books by MJ I got the idea that doing business had to be hard and gruesome, that I had to hate what I was doing. After a few years I realized that I took that idea quite too literally. We all like some industries more than others, we all have passions in our daily lives...
  4. RealDreams

    Safe passive income

    HOT! IDEA 
    learn a skill first then monetize it, 20k is not enough to somehow make you richer by investing it in any endeavor unless you have some hard skills to pair it with. I am a graphic designer, developer and also studied copywriting, marketing and psychology. I only needed 500$ to create a 6 figure...
  5. RealDreams

    investing in the stock market does not seem right

    INVESTING 
    profit margin is around 60%. I think my mistake has been the opposite of taking some chips off, I literally put 75% of my payout into the stock market, whilst I wish I only put 25% and kept the rest to upgrade my lifestyle. The money isn't locked into the broker but if I sell my positions it's...
  6. RealDreams

    investing in the stock market does not seem right

    INVESTING 
    So after building a business that makes 50k in gross revenue on average a month (last month 10-20k more), I decided to put around 100k in the stock market. Almost a month later, after realizing how slow this money will grow, I cannot but feel this whole thing is a "scam". Or said better, my...
  7. RealDreams

    At what point should you park (invest) your fastlane earnings?

    INVESTING 
    Keep liquidity available until I figure out what to do with them. There's only one risk here, I might get tempted to spend them. If I have the same amount of money 1 year from now I might as well have put them into an index fund and gotten 5% return on them.
  8. RealDreams

    Generation Z Apocalypse: is it coming? The Fear is Here.

    HOT! MARKETING 
    Well, you're obviously the exception to the rule. Take a sample of 100 guys born after 2000s and what I said will ring true for the majority of them. It cannot be any other way, humans evolved to take the easy path, and MOST of those kids are growing up with a smartphone at 5 years old...
  9. RealDreams

    Generation Z Apocalypse: is it coming? The Fear is Here.

    HOT! MARKETING 
    Gen Z is the laziest generation in history. Kids are growing up bombarded with information and influence that does not help them win in life but is just aimed at making them consume and spend money. I would be mostly afraid of the opposite, stagnation in the economy. Why would most people go to...
  10. RealDreams

    At what point should you park (invest) your fastlane earnings?

    INVESTING 
    So I recently watched this video by MJ View: https://www.youtube.com/watch?v=YgtZfYby6EY&ab_channel=MJDeMarco , and it made a lot of sense to me. I have around 90k euros which I took out in dividends from my fastlane venture just recently and was about to invest them in the S&P 500 (and maybe...
  11. RealDreams

    Finally Making It...After 5 Years

    EXECUTION 
    Thought this post was gonna die, but quick update. Made 40k gross in October for anyone wondering (about 24k net after taxes and all expenses). Not saying this will keep going and in fact, sales have dropped in November due to Google's algorithms delisting many sites. Some more advice: - If you...
  12. RealDreams

    Finally Making It...After 5 Years

    EXECUTION 
    Lol. Do you eat chocolate? Or ice cream? Do you know it's stuffed with sugar? The world isn't fair. Most of the extremely profitable businesses aren't fair. They rely on human and biological needs. Eat or be eaten. This virtue signaling has gotten pathetic. Business is about solving people's...
  13. RealDreams

    Finally Making It...After 5 Years

    EXECUTION 
    Al Ries explains it better than I ever could.
  14. RealDreams

    Finally Making It...After 5 Years

    EXECUTION 
    First off, I don't know if I should be making this post. I'm not in a position of great wealth yet but I finally started seeing positive results after about 5 years of struggles and failures. In the past 5 years, I tried the following: - Creating a blog and monetizing it (1 year of work) -...
  15. RealDreams

    Do You Ever Reward Yourself With Consumption?

    MINDSET 
    I guess my definition of sacrifice is different than yours and @thechosen1's. I don't know what these moral issues you brought up have to do with my original question. Seems like you are pushing moral values when the topic of the thread is entirely different. Sacrifice for me is sacrificing...
  16. RealDreams

    Do You Ever Reward Yourself With Consumption?

    MINDSET 
    Can you elaborate on this? I've been lifting since when I was 15 and never skipped a workout since (unless I was completely sick) so I know what's sacrifice. And if that isn't sacrifice then the fitness industry wouldn't be so profitable and people wouldn't need "motivation" from some roided up...
  17. RealDreams

    Do You Ever Reward Yourself With Consumption?

    MINDSET 
    I didn't mention a few things. I think it's a kind of accomplishment. I dropped out of uni and taught myself how to code and found a job after 4 months in a foreign country which is way better than the country I was born in. But I agree, if my goal is entrepreneurship this is not a real...
  18. RealDreams

    Do You Ever Reward Yourself With Consumption?

    MINDSET 
    I appreciate the take, however, I think there's a time for everything. I'm not big on travelling for example. Whenever I travel all I wanna do is work or go to the gym because I get bored easily. That's why I don't take vacations. Taking a vacation when you're "poor"/middle class is miserable...
  19. RealDreams

    Do You Ever Reward Yourself With Consumption?

    MINDSET 
    That's indeed what's happening. I act like I'm gonna live forever. There are those who, as MJ says, YOLO and live paycheck to paycheck (live in the present), and those who, on the other end of the spectrum, save every penny and never reward themselves (live in the future). Now the question is...
  20. RealDreams

    Do You Ever Reward Yourself With Consumption?

    MINDSET 
    If we look at it that way, it's true. I worked a job and saved money, some people would consider that achievement. Maybe it's because they have timid goals. I guess it's about perspective.

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