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NOTABLE! The [SCRIPTED] Vault (Dogmatic Social Engineering)

socaldude

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penny from a nickel
Haha I love the subsection of the paper "Money CPR"

I'm pretty sure if your finances are in cardiac arrest skipping out on Starbucks is not gonna help.:rofl:
 

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DustinH

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May 24, 2017
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No medium is free from the dogmatic BS. From a trade association newspaper for nurses in AZ...

What do really rich people say about money?


Apparently nothing that really made them rich.

None of these things made them rich. These "strategies" might have set the plate for wealth, but nothing here turns a thousandaire into a billionaire. No mention of risks, entrepreneurhsip -- just more of the same 50 year defensive BS on how to squeeze a penny from a nickel.


View attachment 22318
I cringe whenever someone mentions Warren Buffett's investment strategies and his value investing. They don't understand the truth of how he has built wealth. How about someone talk about how to gain control of company management and buy shares of company with preferred pricing (discounted) in a privately negotiated deal? Those are part of his actual strategies. @MJ DeMarco talked about it in a podcast interview with Jason Hartman and was spot on.

This has been on my mind after we just had a meeting with our accountants. They were talking about their investment programs (typical 401k/IRA stuff with the 30-yr charts) and how we could save for retirement. My ability to hold my tongue the entire time was a miracle in itself, but I just sat and listened. Then, they mentioned about the fund managers using great strategies like the ones Warren Buffett uses. It took every ounce of energy for me to hold back from saying, "no, that's not how it works or how Buffett does business."

Some people just regurgitate the same spiel because they've never taken the time to stop and actually understand what is really going on with money, business, and Wall Street. I have reached the point of not debating or arguing with anyone about these topics anymore. It's not worth the time and effort.
 

MJ DeMarco

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Will buying coffee keep you from getting rich? Here's what Kevin O'Leary and other experts say

And yet, none of these "experts" got rich skipping their coffee. Same ole, same ole hypocritical BS. Generally a fan of K. Leary, but he lost some points here, not to mention he's wearing some god-awful coat that probably cost $2,500 -- why was that purchase not foolish, but your $2.50 coffee is?

It's absolutely infuriating when guys worth 9 figures or more continue to preach this garbage about investing money saved on coffee.

I get it -- discipline is important as is investing. But this shit advice is equivalent to pissing in a lake to combat a drought. Frugality is the front door, not the entire fn house.
 

GuitarManDan

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What's really surprised me since I've started my own business is how irrational people get when you tell them compound interest isn't going to make you rich.

Whenever someone hears I own my own business they ALWAYS ask "what are you doing to save for retirement?"

...and then proceed to go nuts when I say that compound interest is great for keeping up with inflation and not having your savings get devalued over time but I'm not concerned with putting money away for retirement as I'm still working on making my business successful first and foremost.

You would figure I'd get some credit for knowing my stuff with my background working in the investment banking world for 4 years, but all I hear is the same "5 bucks saved every day will be 1 million in the future" or something along those lines.
 

Royce2

y'all need jesus
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Dec 16, 2018
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When I was 19 I set up a simple IRA account with 4% contribution from my employer and I opted in for extremely risky(heh). I looked at my account growth recently and I noticed it hasn’t moved a muscle, even though I caught the big stock waves and rushes for some reason I only got 4% from all that growth. I cashed it out a week ago at 500 paying the government 10% and other fees I ended up
With $446. The numbers do not add up either

Now what I’m going to do with that money is

1. Buy the insider pass for a whole year(Dead serious)
2. Invest into buying product and setting up my agency and learn how to write copy.

I can’t wait to risk my money and lose most of it only to learn by doing and to find another way.

Seriously, screw that retirement system of getting 4% per year. I am going into the Fastlane.
 

sparechange

Gold Contributor
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Nov 11, 2016
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Will buying coffee keep you from getting rich? Here's what Kevin O'Leary and other experts say

And yet, none of these "experts" got rich skipping their coffee. Same ole, same ole hypocritical BS. Generally a fan of K. Leary, but he lost some points here, not to mention he's wearing some god-awful coat that probably cost $2,500 -- why was that purchase not foolish, but your $2.50 coffee is?

It's absolutely infuriating when guys worth 9 figures or more continue to preach this garbage about investing money saved on coffee.

I get it -- discipline is important as is investing. But this sh*t advice is equivalent to pissing in a lake to combat a drought. Frugality is the front door, not the entire fn house.
Kevins got a money management fund, of course he'll tell ya to save your money!
 

sparechange

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Nov 11, 2016
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Canada (Vancouver/Calgary)
My job I just got canned from I've met a ton of people that are 50+ years old grinding hard for barely above minium wage & cant even really afford this XMAS amognst bills and other crap.

Dont really have words for it..
 

Fastlane Liam

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Now what I’m going to do with that money is

1. Buy the insider pass for a whole year(Dead serious)
2. Invest into buying product and setting up my agency and learn how to write copy.

I can’t wait to risk my money and lose most of it only to learn by doing and to find another way.

Seriously, screw that retirement system of getting 4% per year. I am going into the Fastlane.
This is a great idea, I have a few products on Amazon. Im no expert, hell I basically know nothing. But for $3500 I get $400 a month profit from 1 product. Now in the Amazon world this is considered pathetically low. However please show me an investment that has a 11% ROI PER MONTH on 3.5k, its impossible! Just an example :)
 

MJ DeMarco

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There are few people I loathe on this planet, but she's one.

 

MJ DeMarco

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Siddhartha

Pleasure Operator
Read Millionaire Fastlane
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Mar 30, 2019
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What a fantastic 8 pages of horror to remind me of life in the script.

I listen to the first few chapters of unscripted (life in the script) on my commute every morning to force myself to remember not to accept the status quo and end up played like a pawn like one of the many examples in this thread.
Between listening to that and these 8 pages, I fill with rage thinking what the world wants for people like us.
When I'm stuck in traffic tomorrow morning, surrounded by chainsmokers, the hopeless, and the depressed; I'll be thinking about this thread.
I'm glad I found this forum.
 

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