Author Topic: Retired at 27, looking to grow my income more.  (Read 30447 times)

arebelspy

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Re: Retired at 27, looking to grow my income more.
« Reply #100 on: December 20, 2014, 11:12:00 PM »
He's a (former?) pornstar, with RE on the side. Read through this thread: http://www.getrichslowly.org/forum/viewtopic.php?f=2&t=72947&start=15

The last post of page 1 on that thread was interesting (page 2 was linked to, but go back a page to the bottom post to start your reading) and then all of page two.  Like watching a trainwreck you can't look away from.

X's criminal history might be relevant to anyone listening to his advice.  I don't see his porn career as relevant.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
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Xanatosnemos

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Re: Retired at 27, looking to grow my income more.
« Reply #101 on: December 20, 2014, 11:15:26 PM »
I don't recall giving any advice? I'm here to learn, not teach. If my past is a problem for you, don't contribute. It really has no relevance to the conversation. Once again.

At this point, If any mods are watching I would like to ask that you get this post back on topic please.

arebelspy

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Re: Retired at 27, looking to grow my income more.
« Reply #102 on: December 20, 2014, 11:16:19 PM »
Without meaning to sound cocky - I am not here to talk to most of you. I am here to talk to the few of you who ARE making 10-15%+ ROI and income cashflow. If anyone on this board is. And bounce ideas around to that end.

That means that 90% of you have nothing to contribute, while I appreciate your desire to help and respectfully mean you the best, Please do not tell me about your strategy to get 3%. You're rowing against the stream and I am not interested in being a normal investor.

Yeah, sorry X, you don't get to decide who chimes in with their thoughts, or not.  Anyone is free to post as they see fit, as long as they're following forum rules.

If you're successfully getting 15%+, why not continue that?  If it's sustainable and something you understand, it's a lot better than branching into risky things you don't understand (aka speculating aka gambling).

I'm getting over 20% per year over the last 6 years:
http://forum.mrmoneymustache.com/share-your-badassity/real-estate-returns/

But that's in a field I've researched a lot, networked a lot, etc.  It's taken lots of work and knowledge.

I wouldn't then be like "well, I'm only going to accept 20% returns now, so let me figure out what else offers that."

If I switch to other types of investing, I expect and will be happy with lower returns, for the positive trade offs they offer.  (My stock investments, for example, I'd be happy with 7-8% real return long term.)

At this point, If any mods are watching I would like to ask that you get this post back on topic please.

The mods are pretty lazy around here, I wouldn't count on them for anything.  Buncha bums.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

Xanatosnemos

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Re: Retired at 27, looking to grow my income more.
« Reply #103 on: December 20, 2014, 11:29:04 PM »
The point is you and others are derailing this post from its original intent by talking about me like your a gaggle of 5th grade girls talking about justin bieber in after cheerleading practice.

Not only does it waste everyones time, and completely miss the point of the conversation, its frankly kind of pathetic.

Secondly, you aren't the first to put words in my mouth and then refuse to elaborate.

I'm still waiting on you to point out exactly where I claimed to be a winner?


I can't make anyone not post, but I also see this forum is a waste of my time at this point. Congratulations, whether or not it was you're intention, you've successfully reminded me why I think people are stupid, even in the 'educated' sectors of society.


ascZend

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Re: Retired at 27, looking to grow my income more.
« Reply #104 on: December 20, 2014, 11:34:04 PM »
He's a (former?) pornstar, with RE on the side. Read through this thread: http://www.getrichslowly.org/forum/viewtopic.php?f=2&t=72947&start=15

The last post of page 1 on that thread was interesting (page 2 was linked to, but go back a page to the bottom post to start your reading) and then all of page two.  Like watching a trainwreck you can't look away from.

X's criminal history might be relevant to anyone listening to his advice.  I don't see his porn career as relevant.

It's relevant to his claims.  He alleges to be a retired 27-year-old, yet he lists himself as the President of Viaticus Investments, LLC.  According to his website, "I work with a team of investors in the Greensboro Area to find only the best deals to bring to you."  That doesn't exactly meet the definition of the word "retired".  Furthermore, he claims to have retired "primarily through multifamily rental property and some private lending." in this thread, and yet just this past February on the Get Rich Slowly forums, stated that he is a porn star (in the present tense).

As VinTek pointed out from their forums, he has a criminal record.  He is a two time convicted felon that is currently on parole.  Additionally, his LLC is not registered in the state of North Carolina and his address is registered to a couple in their 70's, presumably his grandparents.
http://www.getrichslowly.org/forum/viewtopic.php?f=2&t=72947

Secondly, I am able to sit at home and play videogames every day of the year and still afford to cover my bills and then some. That's retired. I simply want more. At this point I make more from putting deals together than from any 'active' labor, so theres really no point to getting a 'job' I'm better off going golfing and making friends.

Apparently, living with your elderly grandparents at age 27 affords one the kind of lifestyle that is commonly associated with retirement.  What a baller.
« Last Edit: December 21, 2014, 12:15:20 AM by ascZend »

Dodge

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Re: Retired at 27, looking to grow my income more.
« Reply #105 on: December 21, 2014, 12:11:54 AM »
I love it when people start talking about Gold, it gives me an opportunity to show the latest inflation-adjusted gold chart!



A few fun points:

  • Despite the recent run-up, it still hasn't reached it's 1980 high. 
  • A gold investor starting in 1934, would have seen a steady decline in their portfolio for 40 years
  • If you look at your gold portfolio today, no matter when you invested during the last 100 years, the most you could possibly have in your portfolio is about 4x the original value.
  • An investor in 1913 would have just broke even after 70 years

Compared to the stock market over this same time period:


ScroogeMcDutch

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Re: Retired at 27, looking to grow my income more.
« Reply #106 on: December 21, 2014, 03:20:30 AM »
The point is you and others are derailing this post from its original intent by talking about me like your a gaggle of 5th grade girls talking about justin bieber in after cheerleading practice.

Not only does it waste everyones time, and completely miss the point of the conversation, its frankly kind of pathetic.

Secondly, you aren't the first to put words in my mouth and then refuse to elaborate.

I'm still waiting on you to point out exactly where I claimed to be a winner?


I can't make anyone not post, but I also see this forum is a waste of my time at this point. Congratulations, whether or not it was you're intention, you've successfully reminded me why I think people are stupid, even in the 'educated' sectors of society.

The short reply of this forum is: You cannot find an expected 15%+ ROI in a passive investment without putting in effort yourself and not counting your own time as 'free'.

The long reply is the rest of this thread.

Quote
You dodged my response. It doesn't matter how high inflation is, as a higher expected return on investment is always better, no matter how high or low your personal or the general inflation is.

As such, it is no point in arguing whether or not the number reported by the government is correct.

because taking a loss by chasing inflation and not catching it is unacceptable for me.


I expect a currency crisis with the dollar, yes. How is that not inevitable at this point?

Quote
You can buy ticker OXLC which is a fund of CLO equity/mezz tranches. It should yield 15-17%. It's obviously risky, but CLOs did OK if you held through the financial crisis without capitulation selling.

Interesting, id like to learn more here.

Like I said regarding inflation, you do not know how high it is will be, and there is the distinction between personal and general inflation. If you are expecting the dollar to crash within the next 2 years, find a safe currency or commodity to invest your money in and ride out that storm. However, I am 98% certain that if the dollar crashes, so will other western currencies and probably most currencies out there. It will be a systemic failure of our monetary system (which we were close to in 2008). We survived, the economy survived, and if you realistically expect a collapse of the dollar with hyperinflatory traits, then buying guns, ammo, food supplies will be best, then proceed to conquer a couple of counties when shit hits the fan.

I wouldn't bet on that though :)

surfhb

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Re: Retired at 27, looking to grow my income more.
« Reply #107 on: December 21, 2014, 10:56:52 AM »
Listen folks, I'm not here to compare dick sizes or play your online drama games. I am here to learn, if you don't have anything constructive to add to the post, then please refrain from replying. If you can't help yourself, just realize you look like an idiot/troll for further taking this topic offpost (As if that hasnt already been done enough)

Heres a reminder: This post is about discussing methods of generating hefty cashflow in the now, not in terms of growth.. not in terms of deferred income, not in terms of 'the norm' 4-5% ROI most of you are getting while trying to sidetrack this post.

Without meaning to sound cocky - I am not here to talk to most of you. I am here to talk to the few of you who ARE making 10-15%+ ROI and income cashflow. If anyone on this board is. And bounce ideas around to that end.

That means that 90% of you have nothing to contribute, while I appreciate your desire to help and respectfully mean you the best, Please do not tell me about your strategy to get 3%. You're rowing against the stream and I am not interested in being a normal investor.

Dustin.....I don't think you understand that no one makes 10-15% ROI over the long term.   In the short time you've been in business, yes of course, it's very possible!    Especially in what we've seen that last 5 or 6 years.   

Furthermore, your lack of knowledge about equities and commodities will get you flamed on any forum investing thread.    Don't take it personally

You're a good looking guy!   Just stay out of jail, bang loads of hot women / men who aren't porno actors and keep doing what you're doing.   But ,Look deeply into passive investing over the long term. 

Believe me!    Time are good right now...... They don't last and you better be prepared with a good plan when when a drought comes.
« Last Edit: December 21, 2014, 10:58:58 AM by surfhb »

dungoofed

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Re: Retired at 27, looking to grow my income more.
« Reply #108 on: December 21, 2014, 03:58:31 PM »
I have non-profits that I donate to on a regular basis

Such as http://ourfallen.org ?


dungoofed

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Re: Retired at 27, looking to grow my income more.
« Reply #109 on: December 21, 2014, 04:29:53 PM »
I don't know whether it's just co-incidence/bad luck that both Fallenour and Xanatosnemos decided to descend on the forums at the same time and shit all over all everything.

Fellas - I'm not sure why you chose MMM forums, and to be honest I don't really care, but you've probably noticed that you're having a hard time getting anyone around here to take you seriously. My suggestion is that you delete your current accounts, create new ones and lurk for a bit. This is the least you owe to the regulars here.

surfhb

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Re: Retired at 27, looking to grow my income more.
« Reply #110 on: December 21, 2014, 08:53:26 PM »
He's a (former?) pornstar, with RE on the side. Read through this thread: http://www.getrichslowly.org/forum/viewtopic.php?f=2&t=72947&start=15

The last post of page 1 on that thread was interesting (page 2 was linked to, but go back a page to the bottom post to start your reading) and then all of page two.  Like watching a trainwreck you can't look away from.

X's criminal history might be relevant to anyone listening to his advice.  I don't see his porn career as relevant.

It's relevant to his claims.  He alleges to be a retired 27-year-old, yet he lists himself as the President of Viaticus Investments, LLC.  According to his website, "I work with a team of investors in the Greensboro Area to find only the best deals to bring to you."  That doesn't exactly meet the definition of the word "retired".  Furthermore, he claims to have retired "primarily through multifamily rental property and some private lending." in this thread, and yet just this past February on the Get Rich Slowly forums, stated that he is a porn star (in the present tense).

As VinTek pointed out from their forums, he has a criminal record.  He is a two time convicted felon that is currently on parole.  Additionally, his LLC is not registered in the state of North Carolina and his address is registered to a couple in their 70's, presumably his grandparents.
http://www.getrichslowly.org/forum/viewtopic.php?f=2&t=72947

Secondly, I am able to sit at home and play videogames every day of the year and still afford to cover my bills and then some. That's retired. I simply want more. At this point I make more from putting deals together than from any 'active' labor, so theres really no point to getting a 'job' I'm better off going golfing and making friends.

Apparently, living with your elderly grandparents at age 27 affords one the kind of lifestyle that is commonly associated with retirement.  What a baller.

HOLY CRAP!!    I just read the think to the investing thread where the guy does his due dilligence on Dustin.     Hilarious.  Haha

FarmerPete

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Re: Retired at 27, looking to grow my income more.
« Reply #111 on: December 22, 2014, 08:56:47 AM »
I bet producing porn would give you more than a 15% ROI.  Not exactly "passive" income, but I don't think most people would complain about the work environment.

sirdoug007

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Re: Retired at 27, looking to grow my income more.
« Reply #112 on: December 22, 2014, 09:16:04 AM »
...I don't think most people would complain about the work environment.

Don't be so sure about that!  :)  https://www.youtube.com/watch?v=l1TcJKFB0sY

DoubleDown

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Re: Retired at 27, looking to grow my income more.
« Reply #113 on: December 22, 2014, 10:28:46 AM »
Without meaning to sound cocky - I am not here to talk to most of you. I am here to talk to the few of you who ARE making 10-15%+ ROI and income cashflow. If anyone on this board is. And bounce ideas around to that end.

That means that 90% of you have nothing to contribute, while I appreciate your desire to help and respectfully mean you the best, Please do not tell me about your strategy to get 3%. You're rowing against the stream and I am not interested in being a normal investor.

You can count me in the 90% you don't want to talk to. A lot of us have gotten pretty wealthy with a 3-5% real (after inflation) return. It's exceedingly simple to do and low risk; practically a guaranteed path to wealth. Combined with a high savings rate it doesn't even take long to become rich. As 100 others have already said, going after 10-15%+ returns AND cash flow right now is called work, risk, or both. That's why anything else is called a get-rich-quick scheme. If you think otherwise, you'll have more luck chasing after unicorns and fairies.

Wile E. Coyote

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Re: Retired at 27, looking to grow my income more.
« Reply #114 on: January 02, 2015, 08:41:13 AM »
Actually, in the US, gold is taxed as a collectible, and subject to a higher 28% tax rate on gains:
http://www.bloomberg.com/news/2013-05-21/gold-etf-sellers-facing-tax-surprises-at-28-gains-rate.html

Both you and the gentleman above, are correct, but what you both are assuming is that I'm selling gold through the US, or in the US, and that I'm buying gold as a US citizen.  I am doing neither, nor would I suggest anyone to ever do so. I would also suggest to those who buy gold to never buy an ETF, but to buy actual, physical gold instead. Cash for Gold stores are aplenty in the america, and buying their gold is just as easy, and usually discounted from market value when purchased in bulk.

I buy gold through foreign countries, through established corporations on foreign soil. The gold belongs to the company, a foreign entity in all aspects as per US and international law, and therefore is not subject to US laws, codes, or tax systems. They answer, and are subject to, jurisdiction of the country in which they reside. As such, since the company is my property, but indirectly through a parent company on shore, I am shielded, and separated from its actual asset possessions.

Therefore, no taxes, US specifically speaking. Foreign tax systems? Yes, but not those categories, the ones that apply to commodities anyways, and not on an equal value sale.

So you set up your own legal entities in a foreign jurisdiction to own and trade this gold.  That sounds fascinating.  Tell me more!

josstache

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Re: Retired at 27, looking to grow my income more.
« Reply #115 on: January 02, 2015, 08:30:08 PM »
I'm not an expert, but believe one would need to find a way around Subpart F of the Internal Revenue Code, which creates income tax liability for gains attributable to US citizens and residents through controlled foreign corporations.
« Last Edit: January 02, 2015, 08:38:11 PM by josstache »

Wile E. Coyote

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Re: Retired at 27, looking to grow my income more.
« Reply #116 on: January 02, 2015, 08:43:50 PM »
I'm not an expert, but believe one would need to find a way around Subpart F of the Internal Revenue Code, which creates income tax liability for gains attributable to US citizens and residents through controlled foreign corporations.

Aw come on!  You're supposed to let him come back in here and post some links to some nonsense before bring up the law. 

But yes, you are correct, you can't avoid US tax quite as easily as our "knowledgable" friend would have you believe.  I just wanted to give him a bit more rope to hang himself with before bring up the CFC/PFIC rules.  Not to mention the exit charge rules.  LOL!  Pure gold, this guy is.
« Last Edit: January 02, 2015, 08:51:03 PM by Wile E. Coyote »

LadyStache

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Re: Retired at 27, looking to grow my income more.
« Reply #117 on: January 03, 2015, 02:43:37 PM »
He's a (former?) pornstar, with RE on the side. Read through this thread: http://www.getrichslowly.org/forum/viewtopic.php?f=2&t=72947&start=15

http://xanatosnemos.wix.com/viaticusinvesting#!about2/c4nz

xanatosnemos -- it's hilarious how rude you are to the moderators before you ask for help from the moderators.

2Birds1Stone

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Re: Retired at 27, looking to grow my income more.
« Reply #118 on: January 03, 2015, 02:45:57 PM »
Jerkin it on camera, presumably for a same sex crowd, hardly makes you a porn star. More like a desperate hoe. *but that's none of my business* (insert Kermit sipping tea)

arebelspy

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Re: Retired at 27, looking to grow my income more.
« Reply #119 on: January 03, 2015, 04:16:55 PM »
MOD NOTE: With the OP gone, probably no need to pile on. Locking thread.
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.