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    "My life became richer the day I stopped chasing passive income"

    Nah the point of making this post was to mock her ridiculous assertion that in the long run it's worse to work towards an income stream that creates income for you free of your time, allowing you to do what you want, when you want, with no strings attached than a system where you have to slave...
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    "My life became richer the day I stopped chasing passive income"

    https://entrepreneurshandbook.co/my-life-became-richer-the-day-i-stopped-chasing-passive-income-a4e8468435e5
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    Is it actually true as MJ claims that starting a business doesn't require much capital?

    It's just at this stage of my life, I don't feel ready yet to take on the full leap of entrepreneurship. I'm 19 trying to establish my financial self-sufficiency and figure my life out so that I no longer have to live with my parents anymore. Because I know that I can't live in my parents house...
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    Is it actually true as MJ claims that starting a business doesn't require much capital?

    So then wouldn't your only option to cash out would be to turn your company public? Because I can only see a company that doesn't make a profit be bought out for the sake of eliminating competition.
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    Is it actually true as MJ claims that starting a business doesn't require much capital?

    How can a company be valued that much and not make profit? Is it the assets of the company that's driving that valuation?
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    Is it actually true as MJ claims that starting a business doesn't require much capital?

    I don't get how MJ can say that you don't need much money to start a business when there are literally businesses that absolutely require capital to even get started. (Whether from your own money or investors). Starting an internet company is not the same thing as a manufacturing company. Where...
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    I'm an idea retard, how to alleviate the problem?

    I think I'm retarded when it comes to ideas. I can't think of much business ideas. I've only got one idea. And yet I still struggle to come up with more. I understand the concept about focus but not all business ideas are exactly suitable for everyone to tackle that meet the C.E.N.T.S...
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    OFF-TOPIC This could be the next facebook

    They don't have absolute power to stifle their competition. They can make it difficult, sure. But if Gides ends up being creative enough, it can make it work. I think the biggest pitfall for this company is how will it get people to use it. Once people understand its value, there will be nothing...
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    OFF-TOPIC This could be the next facebook

    I see it as becoming a more professional social media if that makes sense. I know that it'll have some kind of value skew, it just hasn't manifested itself yet or isn't quite foreseeable.
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    OFF-TOPIC This could be the next facebook

    That's ok, don't feel like you have to. No one can accurately predict the future of a startup, but they can get a rough idea. And sometimes even with by your best estimates it can still fail nonetheless. Regardless, this is is a risky of thing to do. 90% of startups do indeed fail, so this isn't...
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    INTRO Tips for a 18 year old

    Save most of your money, do not be like most teenagers that spend all of their money. I'm 19 and have been successfully doing this thus far (It's hard not to spend your money at all but I value what it'll do for me over the long term than some short term pleasures.)
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    OFF-TOPIC This could be the next facebook

    No this is a coincidence. I came across MJ's stuff a little bit before August. And then I discovered what equity crowdfunding was in August. And then I invested in it just recently NOTE: They started their beta launch in August, same goes for their crowdfund. However I actually first...
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    OFF-TOPIC This could be the next facebook

    This will be a social media platform like no other. It's quite a neat concept. It basically puts all the features of different social medias and functions of a website into one. Check it out! https://gides.com/newsshooter/gides-_a_new_social_media_alternative
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    How to learn how equity crowdfunding works?

    Hello, I'm new to the equity crowdfunding world, I've searched for hours on the internet and so far I can't find anything that comprehensively explains how it works. Like I don't understand what valuation cap, discount, pre money, post money valuation, means. I also don't know if this means my...
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    GOLD! I've Read UNSCRIPTED!

    I should've commented here sooner. I read it. Btw who's Scott Thomas? I love the guy's voice. He's a phenomenal narrator. An ultimate wingman of yours :D
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    HOT TOPIC Dave Ramsey being asked how to get rich

    That's not true. We have the ability to access what we don't know. Because how else would you educate yourself if you don't first learn what you don't know about? Otherwise you would be too stupid to learn anything. So by definition it starts with recognising that you don't know something...
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    HOT TOPIC Dave Ramsey being asked how to get rich

    I don't understand why you're saying that when I've established before that debt only becomes bad when you use too much leverage and use it to consume wealth and not produce it. Look at Grapham Stephan for example. He got rich using debt to buy properties to rent. He has his debts properly...
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    HOT TOPIC Dave Ramsey being asked how to get rich

    I would've said that: there are many different ways of building wealth, but at its core it all comes down to providing value at scale / magnitude that the market would want. Which is not very easy and often involves a lot of hard work, sacrifice, and patience. Which is often a painful process...
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    HOT TOPIC Dave Ramsey being asked how to get rich

    I think that's where his don't use debt mentality came from. He used too much leverage on properties, resulting in him becoming bankrupt. I disagree with his stance on debt. Debt is good if it creates wealth and pays for itself with time. It's bad if used for consumption. But I find it very...
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    HOT TOPIC Dave Ramsey being asked how to get rich

    Lmao yeah he recommends reading his books that teach financial common sense, not real wealth building. "It'll answer those kinds of questions you have". Ok sure Dave yeah apparently someone can claim themselves to be a millionaire if on paper they're worth millions but don't make that in...

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