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  1. B

    Why you will probably fail/not make it.

    MINDSET FAILURE 
    Yeah I agree, I don't think there are many people that go into a business thinking they will fail. Also a Tea Shop in Asia?...isn't that market a bit saturated? What makes his business or plan different?
  2. B

    Lending Club for a down payment?

    REAL ESTATE 
    I have heard of people taking out loans for real estate investing. I have mostly heard of people using the loans to buy the properties outright (cheap properties of course) . If the cash flow is good enough then the loan can be paid back. I would also wonder about using them for downpayments...
  3. B

    Find A Need on Amazon, Make 9 Figures

    EXECUTION 
    Thanks for posting. Definitely an interesting business model. Smart guys for sure. Seems similar to what some in the fashion industry do such as Zara...especially creating products 'inspired' by other products.
  4. B

    Snapchat Spurned $3 Billion Acquisition Offer from Facebook

    EXECUTION HOT! 
    Interesting perspective about France . I think a lot of Americans just think the internet is universal but there are also tons of social networks out there that cater to local populations .. China etc These will be interesting as the middle classes grow in these countries . , I still...
  5. B

    Snapchat Spurned $3 Billion Acquisition Offer from Facebook

    EXECUTION HOT! 
    Actually I would think the VC's would be pressuring them to sell for $3billion . It's rare for a startup to even get such an offer. If there is only $73million invested with a $3billion sale i'm sure the VC's would profit very well. What would the VC's be waiting for ...to go public?...
  6. B

    Gulfstream G650 Jet Flipping

    EXECUTION 
    Agreed!
  7. B

    Gulfstream G650 Jet Flipping

    EXECUTION 
    This is interesting..but not too surprising. I have heard of this before with high end exotic cars. The return of high end luxury items is definately back and seems to be at an all time high. Another indication is that the most expensive piece of artwork was just sold at auction ...
  8. B

    Snapchat Spurned $3 Billion Acquisition Offer from Facebook

    EXECUTION HOT! 
    I just read this article a few mins ago too. I really can't believe it. There is huge risk that valuations could go down,users could go down..especially since most of their users are teens that are fickle and changing the services they use all the time. The guy is 23...he could sell and do...
  9. B

    Anyone Need a new house? Maybe you should buy Michael Jordan's house.

    MINDSET 
    That could be a reason. Even super rich people like Tiger Woods have moved to States like Florida specifically to avoid taxes and Phil Mickelson another golfer. http://www.forbes.com/sites/robertwood/2013/01/23/tiger-woods-moved-too-says-mickelson-was-right-about-taxes/ They can clearly...
  10. B

    Twitter is being Floated on the NY Stock Exchange! $26 per stock!

    I think these valuations are pretty insane. The best time to get in is when shares can be bought pre-ipo. Of course we don't know for sure what will happen. Look at Google everyone thought it was expensive ...probably not too many would have thought it would be where it is today. Twitter is a...
  11. B

    Cheap houses you can buy in detroit for less than $500

    REAL ESTATE 
    Exactly. The problem with the $1 or $500 homes is that they aren't typically habitable..Then you need to spend a bunch of money. A better idea is buying something already rented or fixed up...in the long run this is cheaper.. It's better to buy something for $15k that is already rented than...
  12. B

    Cheap houses you can buy in detroit for less than $500

    REAL ESTATE 
    As others mentioned there are a lot of issues going on there. Sometimes a $500 house isn't cheap if it need to be completely remodelled. You can find homes there in good condition that are rented for pretty low prices. Taxes can also be pretty high. Around 50% of people don't even pay their...
  13. B

    Fastlane Path- Real Estate Vs. Starting a company

    EXECUTION 
    I am a fan of Jamie Tardy as well. She has had some great guests on her show, and great to hear stories and tips from actual millionaires. If you are doing it right real estate is a business. It should not be separately. If you want to make a lot of money with it, you will have to treat it...
  14. B

    Chobani: The yogurt company growing as fast as Facebook and Google

    EXECUTION 
    He bought it for $1 million, he got a loan..would be interesting to here what he put down . maybe as little as 10 or 15 percent for SBA . He saw opportunity where others saw a problem. Sounds like everyone advised him not to buy the factory.
  15. B

    Chobani: The yogurt company growing as fast as Facebook and Google

    EXECUTION 
    Thanks for sharing the story. Definitely interesting and inspiring. I see the yogurt in many stores, but I had not heard of the story before. Pretty amazing to get to 1billion in sales that quickly. Not sure how they calculated that the owner is worth over 1billion though. I didn't read mention...
  16. B

    Sinbad files for bankruptcy, buy his book.

    Wow this is sad. Nice the taxpayers will lose all that money..and he didn't learn his lesson the FIRST time? Another question...why did the CC companies let him rack up that much debt? If he owes the IRS $8million that means he made at least $16million right? ..I don't think taxes are even...
  17. B

    Fastlane Formula Proven Yet Again with Tumblr sale to Yahoo

    EXECUTION 
    True and he did seem to actually care about the company...otherwise he would of taken other offers earlier I am sure. I guess Yahoo just made him an offer he couldn't refuse.
  18. B

    Fastlane Formula Proven Yet Again with Tumblr sale to Yahoo

    EXECUTION 
    Mayer announced that Karp will stay on as CEO of Tumblr and continue to run and develop the site. So he still has a job... What a slowlaner jk ! But I wouldn't see the point still working at a company that you sold. I could find better things to occupy time with that kind of money But...
  19. B

    Who REALLY is the Millionaire?

    EXECUTION 
    I agree having time and money is ideal. But given the scenarios above i'd rather be Manny. He is actually enjoying life. If Joe stopped working giving his spending he'd probably blow through the 3.1million net worth pretty quickly. One question is Manny's only income from selling his crafts...
  20. B

    Average US Retirement Age Is 61--And Rising

    Average US Retirement Age Is 61--And Rising - Yahoo! Finance This is pretty sad. Plus even when most people retire past 61 (retirement in a wheelchair as MJ calls it) most still won't even have much money to enjoy themselves. The comments are interesting too. Lot's of people seem hopeless...
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