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  1. meridian_blue

    WeWork Sunk Cost Fallacy

    I work in the commercial real estate industry, and WeWork has been a hot topic among industry vets for a LONG time. Most RE people I spoke to never understood the hype the company generated or how it was being valuated in the way that it was. Real estate people were talking about NOI and cap...
  2. meridian_blue

    To sell or not to sell the dream car ??

    HOT! 
    Here's an alternative take. Use the car as motivation. Set a goal for yourself that would make the car affordable. If your car payment is x per month, set a goal for yourself along the lines of: "Within 3 months my side business will generate x (or .8x, 1.2x, etc.) per month, allowing me to...
  3. meridian_blue

    Rejected from UNI: My parents affecting my life choices

    PEOPLE 
    Is university tuition free in your country? A lot of us here who are hesitant about college are coming from a US perspective (where a degree can cost $100K+) so this should definitely factor into your decision if that's the case.
  4. meridian_blue

    Should billionaires be taxed out of existence?

    OFF-TOPIC TAXES | REGS 
    Let's do a small though experiment here. Let's say Pikety is 100% right, and that we should tax every billionaire out of existence. Better yet, instead of taxing them on their business income let's round up all the greedy billionaires in the United States, throw them in jail, and confiscate all...
  5. meridian_blue

    Dallas....are you in here?!

    MEETUPS 
    @amp0193 This is a great lineup. Would love to join if you have room for one more!
  6. meridian_blue

    Do you think a mentor should charge for his knowledge or give it for free?

    HOT! 
    Definitely a lot of genuine mentors on the forum. I guess what I mean is that there's a lot of 'get rich' teachers out there who charge for advice, which make it hard to sift through for genuine mentoring. Building a reputation, sharing insights/experience, showing that you are implementing your...
  7. meridian_blue

    Do you think a mentor should charge for his knowledge or give it for free?

    HOT! 
    Charging for advice makes everything you say suspect. By contrast, a mentor giving advice without the expectation of material gain is a sign that what they are saying is genuine. Doubly so if there is evidence they are following their own advice. It shows that they have skin in the game. That...
  8. meridian_blue

    If you could only pass on one life lesson to everyone on this forum, what would it be?

    NOTABLE! MINDSET 
    There was one realization I made when I was in college that made me rethink my behaviors, my habits, and my self-image. And that is that realization that who we are is solely defined by what we do. That means our personality isn't static, and who we are can change if we change our habits. That...
  9. meridian_blue

    Moving to a Cheaper Area to Pay Off debt

    INVESTING 
    I think this is exactly the right way to look at it. Granted, it's not fun to know you have debt over your head, but paying off this loan early is essentially the same as investing your money at a 5.9% annual return (since that's what your saving in interest payments). I bet you'll be able to...
  10. meridian_blue

    Vote Now, Next Book Discussion August

    VOTE NOW! 
    Zero to One by Peter Thiel. This book keeps getting recommended to me. Seems to have a lot of overlap with Fastlane philosophy.
  11. meridian_blue

    STOP Paying Rent: Live For Free

    GOLD! REAL ESTATE 
    Hi @G_Alexander, thank you for the post - it adds a ton of value. Quick question. Do you still recommend looking for multi-units through Hompath/HomeStep? I'm looking at buying in the major metro area I live in, and between these two programs they only have 10 properties listed in my area, all...
  12. meridian_blue

    Just overheard an entire Kiyoski based MLM pitch. Wow, that was painful.

    I've read similar stories about some MLM people using Kiyosaki's books, as well as others, to hook people in. During that first meeting they give you a free copy of the book. Later they call or text you asking for the book 'that you borrowed' back. Most people feel compelled to return it, and...
  13. meridian_blue

    #DeleteFacebook

    SOCIAL MEDIA OFF-TOPIC 
    Honestly I wouldn't. Facebook is doing its job - and its brutally effective. Facebook is in the business of drawing people in with crap content and keeping them there. Most of 'social media' are articles, videos, and ads to keep people drawn in and clicking. I would say in my experience less...
  14. meridian_blue

    Feedback needed please

    HOT! 
    Why don't you make $1 million before telling other people how to do so?
  15. meridian_blue

    I've Read UNSCRIPTED!

    GOLD! HOT! 
    Just finished reading Unscripted this week. Needless to say it was an excellent book! I used to read a lot of 'conventional' financial advise - but I always felt there was something off, that their promised road to financial independence just didn't seem add up. But I couldn't explain it...
  16. meridian_blue

    Giving up on my business

    Not sure if you are still looking into this thread but I've been doing a lot of research into starting a food truck recently and one thing that caught my eye was this: The average food cost for successful food trucks is between 25-38%. So having a food cost of 55% basically destroys your...
  17. meridian_blue

    Consumerism Rant

    MINDSET 
    A lot of these problems really stem from two issues. The first is that people, consciously or subconsciously still believe that happiness can be bought through things. The second is a lack of proper financial education. As for the first, a lot of advertising is really just appealing to people's...
  18. meridian_blue

    What Should I Do At 17?

    HOT! 
    You might find this thread very useful: What would you do at 16? The only other thing I would add, since you are in college, is to ensure you finish with a degree that gives you a useful technical skillset and do it cost-effectively (incur as little debt as possible).
  19. meridian_blue

    Feedback needed please

    HOT! 
    To be frank, it seems odd to me to read a book about becoming wealthy by someone who hasn't become wealthy themselves. Some people succeed at writing such books, but people are overwhelmingly skeptical at taking their advice. It would be the equivalent of reading the TMF before DeMarco started...
  20. meridian_blue

    Commercial Real Estate Professional New to Forum

    INTRO 
    Hey Deal Team Six, thanks for your post. I'm also relatively new to the forum, and I found where you're coming from experience-wise not to different from my own, albeit a few years ahead of me. In my situation, I'm currently looking at getting a masters and getting involved in the financial...
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