Why are you still working for money Jow Forums?

This is how you link a story OP.

Read this story, user.

Attached: Screen Shot 2018-09-23 at 1.33.55 PM.png (802x692, 153K)

That was a 0/10 shit story

This.

"Dude lmao just build water pipelines for niggers"

>make something smart
>OH WOW SMART THINGS MAKE MONEY!? NO WAI!?

Jow Forums is fucking doomed.

If you're a mental midget, then sure it was

What kind of dumb fucks build a village without easy access to drinking water?

because I'm not rich.

I-is this like a chicken or the egg situation?

The lesson here is the cash flow quadrant is the better book than rich dad.

Attached: 572E68E0-203E-4F58-BF65-5E4343BB1D99.gif (1680x1188, 117K)

help me understand this image, user

Attached: 1547570125509.jpg (446x460, 32K)

White people working for money is the most cuckiest shit ever. Imagine working 40 hours a week for a sub 100k/yr job (if you took till your 30s to get to 100k you're pathetic) only to be taxed at 70% so the government can drone strike kids who shout racial slurs at each other on Xbox Live.

I agree

You are too new to understand all of it. But everyone has the one on the right. Income is like a paycheck or savings interest. Expenses is like everything you spend money on even a payment for a mortgage. Assets are anything you own like an apartment or stock. While liabilities are things like credit card debt or dollar value of remaining mortgages.

The goal is to buy assets that bring you income so you can escape the rat race. Basically end being a wagie. When your assets create enough income to cover your expenses, you made it.

Also a persons house they live in is an asset but if generally only creates expenses.

Attached: F81076A5-34F8-4852-902B-DE4B8FDAE58F.jpg (848x942, 125K)

But I started making much more than mine 6 months ago and have started investing?

How do I learn to buy assets that bring me income while also balancing leisure expenses so I don't want to kill myself?

niggers, of course

It’s simple user. Your assets become your leisure.

> The right is you
> The left box is business owner
> He gives himself a small salary on books
> Low income tax rate
> Shift as many personal expenses to business expenses as possible
> Personal expenses now all tax deductible

Could you describe more? Is this like my friend's dad who builds houses in Rocky Point to vacation on but then makes a ton of money by renting them out when he's not using them?

>Shift as many personal expenses to business expenses as possible
>Personal expenses now all tax deductible
Sounds illegal.

How is it illegal to have a company car, phone, home office etc? It's most definitely not illegal fren and is half the reason to own a small business.

or make min-maxing your businesse income/expenses your hobby
not if they're actual business expenses. computer you use for freelancing? business expense. Salaries to your spouse? business expense. expensive vacation? employee expense, therefore business expense. The fraction of your house which is your work-exclusive home-office? The same fraction you write off as a business expense. Gas/uber spent driving to a "business meeting" that also functioned as a get together? business expense. Flight down to LA for the week? business expense if you look at apartments/attend an important meeting.

Min-maxing business income is impossible for me to make it a hobby. It's like weightlifting. I have to do it, and you'll see me at the gym every day, but I don't like it.

thanks frens

Attached: 1526674653793.jpg (570x487, 45K)

tl;dr Capital and technology wins against the brainlet sole trader 'I remain competitive by doing the job of 10 people alone and have low overheads' who doesn't know how to expand and is complacent to the changing business conditions around them.

I have the same question as I made $200k from 2017's crypto bullrun, but I'm now spending >$20k per year without any more cashflow, so I'll just burn through everything in 10 years (excluding inflation and possible emergency expenses).

But I have no idea how to invest this... I have no business experience... I was thinking the classic "index funds/mutual funds", but I stupidly cashed out using localbitcoins and bitcoin ATMs (to avoid all the paperwork), so reintroducing the money into the system is very scary and dodgy.

All I can think of is using it as capital for multiple passive businesses (like a laundromat, etc), but I have no experience...

read some books/courses online.

wtf? could only afford one page of the book?

what's the name of that book?

>doesn't enjoy weightlifting

Attached: E1A2E6E9D7DA4640885C9B1AD7190271.jpg (1862x2202, 803K)

it's a legal gray area that we allow.

t. know a few people in the legal field including wife. according to the letter of the law yes it's illegal but it's never ever acted upon.

the illegal part is characterizing personal expenses as business expenses. the car isn't illegal, writing off the gas and maintenance to your friend's wedding is.

his problem is seasoning his money so he can use it. look up the laws, you can deposit something like 8-10k/yr (probably depends on where you are) without flagging an audit. honestly you should have paid the taxes (maybe you still can?). you'd have lost 20-30% depending on your bracket if you took it all out. you make 10% every year on an index with reinvesting. if it takes you 20 years to season all the money, you lost money by dodging taxes since you're sitting on deflating cash rn.

this is pretty normal as you climb the iq scale
there's direct inverse correlation between intelligence and enjoyment derived from physical activity. which makes sense, because the higher the capacity for abstraction, the less relative pleasure you get elsewhere
>inb4 tards get triggered
friendly reminder intelligence is mostly genetic and there's absolutely no merit for being intelligent
also consider smart people tend to socialize less for the same reason as above, which in turn leads them to start having sex later in life, to have less sex and to reproduce less
so instead of feeling resentful, pat yourself on the back for being better at fulfilling your biological destiny

>as you climb the iq scale
there's direct inverse correlation between intelligence and enjoyment derived from physical activity
There isn't.

Speculative Self Help And Get Rich Quick Schemes Vol. XI

Best asset for little or no capital is intellectual property like trademarks and patents.

> he still hasn't coded himself a trading bot to make 1% per day forever.

Not investing in that boomer level book, the real money is in code user. Get in the fucking game.

I don't anymore. I was on social welfare benefits for almost 3 years after discharging from the military because I couldn't find employment (I have 4 degrees).

I decided one day to start my own business, went out and bought a camera and some recording equipment and started making online training videos. I moved back in with my parents to remove overheads and just spent every day making more courses. At first, I was only bringing in a few hundred a month, but that started to grow month by month as my range of courses developed.

In the first month I made $6, but gradually profits improved and by the sixth month I was making $500. In the next 6 months I increased my profit margin to $4000 a month.

I've now moved out of my parents place and I'm my own boss with my own schedule. I work when I want and my current income is passive. I don't know if I can keep pushing up my profits, but at $10000 I'm planning on hiring two people to increase the quality of my content.

It's not millions, but it's comfortable and I do what I enjoy.

Attached: nope.jpg (529x480, 81K)

>Business owners
>Doctors
>Bankers
>These people don't work for their money.

Is this guy serious?

>Business owners
>everyone else does the work, you get paid for telling people what goes where
>Doctors
>drug dealing but legally and ignoring potential health complications because of insurance and working people up for expensive procedures
>Bankers
>Literally just giving a Jew money and expecting it to actually be safe

>He hasn't met a succesful business owner in his life
>Doctors literally operate 14 hours in one sitting sometimes
>Everybody who is a banker works like the Jews on the board of directors

You are out of your god damn mind.

>intelligent people hate physical activity
>intelligent people socialize less

Lmao at the cope.

Attached: c7db4b3107c8e741cafce54602e6745310efe318a9634affa249f000fbaaa548.jpg (900x900, 83K)

>he thinks doctors have it easy

can you give me a green text of the rich dad poor dad book

lmao I read "rich dad poor dad" during a long haul once.
damn that was a meme book.

My sister is one of those business hipsters. She constantly recommends books to me including rich dad poor dad. Ironically she is currently learning how to day trade crypto-currency, while working as a waitress.

I never read it because I always thought it sounded a bit memey.

Attached: 1429678772305.jpg (1280x720, 103K)

I found a .epub version of it so I gave it a try.
Basically, it's a bunch of made up stories about making lots of money by being a risk taker, shilling for real estate and autistically screeching at universities.
It also praised donald trump lmao.
The only good parts was about how if you always listen to the "don't do it bro, you're never gonna make it", then you won't do shit and never make it. On the other hand, it advocates for paying your bills as late as possible and "paying yourself first" so if you're broke before paying your bills, you're gonna be like a cornered rat and be creative. Meh.

I started reading text books on investment / business school but apart from micro economy, it lacks rigor and reads like glorified blogposts.
What do they even do in business schools?

>capital is the most important thing in capitalism
wow such surprise

A lot of poor/average people on here work because they have to or because they dream about not having to work anymore. Ironically, that's a poor people mentality.

>It also praised donald trump lmao.
Yeah FUCK DRUMPF and FUCK WHITE PEOPLE

I thought it was saying you should hide your personal expenses as business expenses and your personal assets as business assets to minimise the tax you pay?