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  1. biophase

    Becoming rich with a middle class mentality ?

    MINDSET 
    I think it all depends on the person. You can see two brothers that grew up in the same family and have incredibly different life paths. Or imagine two brothers where one is in shape and ripped and the other one is fat and unhealthy. This isn’t due to upbringing, it’s due to the mentality of a...
  2. biophase

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    As a casual crypto guy, I’ve lost faith in it. I think that many people have lost confidence in crypto and will not be jumping back in to buy more until it shows it can stabilize itself. Normally with a stock, if it drops and drops but I still have confidence in the company I would buy the dips...
  3. biophase

    What's your real-life non-productivity porn morning routine that gets you crushing in business?

    HOT! MINDSET 
    Lol I don’t go to sleep before I do wordle and quordle. So just after midnight I go to sleep. Wake up around 9am, wake up, read emails, answer easy ones on the phone and then read this website in bed and am reading this thread at 9:12am. Then get up and answer longer emails on desktop.
  4. biophase

    Where do you put your money now? Is real estate in a bubble? For you yes, for me no.

    INVESTING 
    What I meant is that in my younger days if it wasn't rented I'd be in trouble because I could fall behind on my payments. Or if my tenant destroyed the place, I couldn't afford to repair it. But now, if it doesn't get rented I could pay the mortgage indefinitely or if the tenant destroyed it...
  5. biophase

    Where do you put your money now? Is real estate in a bubble? For you yes, for me no.

    INVESTING 
    This is a perfect example. The numbers didn't make sense for you anymore. You need the mortgage of the home to come back down to $2k. So the home price now needs to be lower for you. But for ALLCASHBILL, he can buy at the current price to get a return. However if the price drops, he gets an...
  6. biophase

    Where do you put your money now? Is real estate in a bubble? For you yes, for me no.

    INVESTING 
    I never raised my rents due to interest rates going up. I price my rents at whatever the market is. But if you get a 30 year fixed, then you wouldn't have this issue.
  7. biophase

    Where do you put your money now? Is real estate in a bubble? For you yes, for me no.

    INVESTING 
    Yes, my Vegas 1 br condo.
  8. biophase

    Where do you put your money now? Is real estate in a bubble? For you yes, for me no.

    INVESTING 
    ALLCASHBILL could have waited until the house was at $200k before purchasing it. But we all know that timing the market exactly is hard. Personally, I am buying stuff in good neighborhoods which will attract good renters. The funny thing about raising rates and in effect lowering housing...
  9. biophase

    Where do you put your money now? Is real estate in a bubble? For you yes, for me no.

    INVESTING 
    My friends and I are currently discussing all that's going on today. The ultimate question that always comes up is, where do you put your money today? Stocks, Crypto, Gold, Real Estate, Business, Cash? I'm definitely a real estate guy when it comes to storing and preserving wealth. The same...
  10. biophase

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    I don’t understand this. Are you saying if you have money and a 5 year horizon that btc will be back up by then? I just don’t understand any investment that you blindly hold for 5 years. Why not buy it 4 years from now instead? Right now, wouldn’t you have rather been in cash than btc?
  11. biophase

    Terminologies used in business I don't understand

    MARKETING 
    In the time it took you to post your question you could have found your answer. I would be very interested to understand why you didn’t just Google these words. You really should think about the why.
  12. biophase

    What to do when you don't know what to do?

    SIDE HUSTLE EXECUTION 
    You really should have 2-3 sales with 200 visitors at a 1-1.5% conversion rate. Do you have google analytics installed? How long did those 200 sessions stay on your website? 200 visitors and no sales can mean anything though. Did they view one page left in less than 20 seconds? View your...
  13. biophase

    What to do when you don't know what to do?

    SIDE HUSTLE EXECUTION 
    For ecommerce I'd look at it this way. First, do you get enough traffic? Then, do you get conversions? If no conversions, then it's either your website, product, price or quality of traffic. Figure that out and then change what you need to, then repeat. If it's traffic, then it's your...
  14. biophase

    Curious about who here achieved Financial Freedom

    HOT! PEOPLE 
    Aren’t we saying the same thing? You mentioned making $100,000 a month and then dumping the overage into some form of investment vehicle. So you are taking part of your monthly cash flow and using it to increase your net worth. So you are valuing your net worth. But during this timeframe, you...
  15. biophase

    Curious about who here achieved Financial Freedom

    HOT! PEOPLE 
    Yes, take these two people: Person number one has a business making $10k a month, $120k a year semi-passive. He can travel the world because someone else is running your business. However, because his business is relatively young, he has managed to save only $100k in the bank and has a...
  16. biophase

    Curious about who here achieved Financial Freedom

    HOT! PEOPLE 
    That is still a very broad definition. Do whatever you want can mean, I want to go on 2 vacations a year or I want to travel 6 months out of the year and stay in luxury hotels and airbnb the whole time. There's regular people financial freedom and there's rich people financial freedom. I can't...
  17. biophase

    Curious about who here achieved Financial Freedom

    HOT! PEOPLE 
    This thread has made me think about the term financial freedom. I don't believe each of us define it the same. Many times, I've seen it defined as when your passive or business income becomes greater than your expenses. But this is not the same as retiring. So when the OP asks about...
  18. biophase

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    When I was in the corporate world, there were 2 main reasons people didn't take vacation days. 1) They didn't want to spend money on an actual vacation or they didn't have any money to spend during the days off, and they didn't want to just sit around at home. 2) They didn't want to have their...
  19. biophase

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Sophisticated is having 4 utensils to go through your meal and people saying, you're not supposed to eat your main dish with a salad fork!
  20. biophase

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    We went to this fancy restaurant in Aspen. Ordered some fancy raw salmon that was $34 for 4 tiny pieces. There's only so much you can do with raw salmon, like put salt, pepper and drizzle a sauce on it. Fast forward months later, we went to an all you can eat place in Vegas, they had the same...

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