I want to get rich, i dont mind if all my money is tied up in loans/stocks, i just want equity.
How does one start doing this?
I'd like to do it with the least amount of work possible (ie just invest in shit and have other people do the paperwork for me)
Im starting from the bottom, no rich parents, less than $300 in the bank. If i go bankrupt, i dont really care (already at the bottom)
How do i get a multi-million dollar loan and what do i use it on? (real estate, tech start-up?)
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basically i want to be donald trump.
(high standard of living, yet very little "spending cash")
trump is absolutely not cash poor. His personal estate probably has no less than $10m cash, which is plenty for the modern world.
Cash poor = somehow getting a mortgage and buying a house, when you only have $1k leftover after bills each month.
also, did a Rosicrucian astrology chart, and it said i make all my money in inheritance (that's not much money). i want to fix this and i want to follow the Trump Path.
oh you mean the average american
I'll agree with that.
check your defiinition of cash poor
>trump is absolutely not cash poor
dude is absolutely cash poor, he wouldnt be able to go to the bank and pull out $1million (its all tied up in stocks and loans for real estate)
Most billionaires are "cash poor" (cant just go to the bank and grab millions of dollars out of it)
Cash Poor: Possessing considerable economic assets but unable to quicly or easily liquidate them for monetary transactions
>literally every rich person.
how do i get here? how do i start buying up/building apartments in New York?
Never mind, you are retarded.
Mark Cuban was famously quoted saying he was 80% cash last September. Excluding the value of his sports teams from his worth, that's at least $200m cash
thats mark cuban, he doesnt represent every "billionaire"
i just want to know how to become a real estate "mogul" and tie up a bunch of money in building/managing apartments in some big city.
also, if 80% of dude's wealth is just sitting in the bank, then he's retarded.
>how_to_be_proven_wrong_with_one pic.png
he's not retarded considering he probably loaded up on cheap stock in Dec. Exactly what he was speculating.
old pic.
How to be proven wrong with a more recent (still old) video (also story she tells takes place during the time your pic was taken)
youtube.com
still tho. i wasnt trying to turn this into an argument about trump, my bad for using him as an example (this isnt Jow Forums)
I want actual financial wisdom?
is it possible for someone in my financial status to get a multi-million dollar loan to build an apartment in some city?
or is it possible to work my way up in real estate loans (start with office parks, move up to small suburban developments, then eventually build high rises)
Simplified: what steps are required to start owning apartment complexes and have them managed by people who aren't me?
meaning its no longer cash..., right? dude is investing that money. its not just sitting in a bank ready to be pulled out on a whim. its tied up in the market.
if not, then fuck, why's he holing onto 80% of his wealth, trickle-down economics doesnt work if rich people hoard all their money.
also, thats probably a pic from his casino.. meaning that's no longer really "his" money. He cant just go there and take out half of the money and expect his casino to function. (tied up in business running-costs)
>tfw no prime teen Ivanka gf
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Basically Amazon junkies.
I admit to being a eBay junkie and buying cheap servers and switches from Russia and China. (I'm probably on some watchlist at this point.)
Stock is not hard to liquidate, it would not make anyone holding tons of it "cash poor". Owning $200m worth (or now probably $220m) of stock... It's not hard at all to liquidate. There are order types on big-boy brokers that allow one to scale out of those positions in even just one day.
Also I am sorry to tell you OP, but you're lacking the prerequisite IQ to be even just a millionaire. Good luck with your dreams.
Be the middleman for something, anything.
As middleman you charge fees and get commission.
In real estate you can charge a finders fee to an investor. Properties are easy to come by, investors want it on a platter.
Set up your own property management company and manage the accommodation for the investor too. Use booking & airbnb to rent it out. Dont be a tard, location is key.
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I think I'm cash poor.
I keep $5k in the bank but I have about $10k tied up in inventory and materials.
I may just be poor poor or poor + cash poor though.
deh
I live paycheck to paycheck but only because 80% goes straight to investments
The only way to live