>be me
>middle class(i guess upper middle at one point before the market crash back in the early 2000s)
>father lives way below his means
>drills into muh head about importance of muni
>i unknowingly become cheap too
>visit los angeles
>amerifats tells me how rich and powerful their country is
>reality is ppl here look and live in worse conditions than third-worlders they just have decent infrastructure and western ammendities.
>made a website as a hobby
>website got popular
>sold said website for 75k
>invest 75k into mining operation last year
>ROI'd in 4 months
>cashed out 250k in Dec/Jan
>purchased a house and a condo in s.korea for cheap
>peace treaty happens and house value almost doubles in less than 2 months since purchase
>From Jan to May made 200k in crypto via mining(still hodling)
>I still eat fast-food
>still drive the same shitty car
>still wearing the same shitty clothes
>no-one would ever assume im rich
>hear ppl talking about being rich here and how they made it with 50k
>still feel poor
>still feel same
>still feel 7 figures is not enough
Be me
Other urls found in this thread:
marwahagroup.com
mymoneyblog.com
twitter.com
why do i still feel this way
You realize you’re allowed to buy stuff with your money right?
Ya, that's the problem.. I'll have less money then.
you need to develop a better sense of self-worth user. It's not about less than or greater than, it's about living in it. I offer free services if you're looking to get started.
what website did you make?
what website?
humble brag posts are the WORST. just kys and save yourself the effort
Yeah OP fucking end yourself buddy. I make fixed income 7 figures a year from inheritance. Sucks to suck. I'm also tall white and in shape so I get girls as well. You lost.
Buying things for yourself is investing in yourself, you don't lose anything.
You never gonna be satisfied, I can empathize there. Never happy, never content, always want more, need more, accomplish more.
Just accept it, and know at least you'll always have something that drives you, and not be a lazy normie content living their mediocre lives.
Because normal sane people need a load. Get some hobbies or start a business. Ability to consume doesn't equal personal value. Those who think otherwise will soon be poor, or they're lying.
you are a faggot who will die alone
You don't need to buy stuff for the sake of buying stuff. If the cost/benefit ratio is worth it, buy it. I'm as wealthy as you and I want more, 10m will allow me to never have to work again. Even then, I'll still want more so I can fund shit I'm interested in, like AI development.
Personally, I found a "point" where I got satisfied with my income: at least $20k monthly passive income GUARANTEED
Sure, it's lower than your crypto income ($200k Jan-May = $40k monthly), but I have no uncertainty with my passive income (it's not crypto-related, it's from several brick-and-mortar stores that literally run themselves).
Before, I'd always be worried about expenses, still be frugal, buy the cheapest clothes, eat at the cheapest places etc.
When I hit that passive income level, I realized I was buying everything I want, latest gadgets, anything I see in stores that I liked, stuff I see posted online that I like, eating at the most expensive places etc...and I didn't worry about money anymore.
Maybe you need more certainty financially in your life. Crypto is as uncertain as it gets due to the speculative nature, plus it has that nagging feeling that "this could end anytime soon" (in case the price crashes, or new ASICs throw you out of the game, etc.)
I used to have that feeling too back when I was earning from online ventures (and I made anywhere from $10k-$50k monthly). I always dreaded the day my niche got old and buyers ran dry. The financial uncertainty doesn't let you enjoy your money.
> several brick-and-mortar stores
mcdonalds? wendys?
Was that meant to be an insult or something? If the guy is making money, what does it matter? You know that owning a McD's or Wendy's isn't the same as working the fryer in them, right?
OP people seek purpose in life, dont listen to what anyone else says or what to do but appreciate life for what it is when you are young. Youre good with finances now just remember to hold 2 things dear self control and discipline; we are all humans we seek nature and to enjoy natural bliss.
Do what we are supposed to do OP, get a nice rural property, fish, grow your garden , farm build bird houses. In todays society we are so inclined to believe we need information and technology, that we are slaves to our work.
>earning from online ventures
selling rare pepes? dragon dildos?
I don't think it was an insult. not me ,but i'm genuinely curious
I thought that it wasn't meant to be one either, but the leading nature of the question made me suspicious, hence the question. I will wait.
each franchise makes over $1mill a year. an absurd amount of wealth dalith snowniggers cant even imagine!
you suck! jealous poor snownigger dalit.
>be stupid snownigger store owner of 3 Subways.
>be franchisee of the year for region.
>be Indian Masterrace
>become Subway Development Agents changed and with in 14 months
> force dumb snownigger to sell all 3 locations because white dalit was all of a sudden considered a bad operator (All the while, snownniger stores out performed the market)
>In a period of 14 months Indian master race flip over 40 stores in our Southern California Market .
>All were forced to sell due to "compliance" issues. Most of the stores were above market average.
>The new Subway Development Agent, the Marwaha Group, in its role of Development Agent has the responsibility to do the Compliance Inspections.
>immediate Indian Masterrace Family members were the only approved "buyers" in the 40 locations that flipped.
>Subway Development Agent, the Marwaha Group
>Marwaha Group
>marwahagroup.com
INDIAN MASTERRACE RULE YOU NOW
because 7 figures isnt enough, even 8 is boroderlne for something as explosive as crypto.
k
nobody respects shitskins, you know this.
best passive income:
>push crack/heron/meth to poojets/chongs/white collar in upscale hoods (Silicon Valley/NYC)
>upscale hood property goes down
>buy up the hoods
>????????
>profit
Whats the point of being rich if you don't spend the money?
You gotta just ascend bro
Dude if I owned a fastfood franchise, I'd be making so much more... I'm friends with the owner of the McDonalds next to my old office where I used to wagecuck at, and he once accidentally (?) dropped that their DAILY gross income is at least $10,000.
My most consistent business right now is a laundromat I own, that's luckily next to a couple of apartment buildings. Wasn't even my idea, it was my mom's.
I started out selling dupes(permed)/botted items on my own D2 item website (which I bot-spammed advertisements for on bnet channels).
Then I just went down that rabbit hole and kept making money in that "niche".
This is only somewhat true, borderline poorfag logic. Reliable income is very different from being "rich". This is the downfall of many lottery winners.
Basically, if your net worth is declining as you spend, you are spending too much. Spend under the amount your net worth appreciates. You can keep your wealth while spending too.
If you're sitting on 200k of assets, on a good average year you can only make 20k of that a year in gains. It's not a lot. I have that much, we are frugal, and it's not enough to retire on.
fastfood franchising is the sweetspot. McDonalds in LA make ateast $1mill/day
fastfood franchising is the ultimate passive income
Even an Applebees branch makes that much a day, maybe even less actually. What I don't know is how much of that goes to material(food), labor, utilities, whatever their financing is for the building/land, advertisement, franchise fees, etc. I would be curious to see what their net profit is as the end of the day. It probably isn't much.
Grade A Larp :^)
Just going on the WIkipedia article(which is a couple years outdated), they made a net income of 4.868 billion, and have 36,900 branches. That sticks the average branch at $132k per annum. I make more than that at my desk job and I don't have to deal with retard employees asking for $15/hr to screw up customer orders, and especially customers who forgot they're ordering at McDonald's. Doesn't sound very attractive to me.
A chad posting on Jow Forums? C'mon who do you think you're fooling?
>still feel 7 figures is not enough
>why do i still feel this way
Uhh because that's not enough, fucking duh. No one talks about "making it" after having 50k.
$10mil minimum is making it.
So I googled it after reading your comment:
Source: mymoneyblog.com
> Average annual profit per franchise: $150,000 a year
Your estimate is pretty good.
But then on the other hand:
> most franchisees own multiple locations; Businessweek says the average is six.
Wow... that's quite a bit out of reach right now lol.
Sure, but that doesn't come immediately. I'm surprised it's only 6, maybe that's as much bullshit as one can put up with. Google around a little more. Opening a restaurant requires an investment of between $1MM-$2MM and available liquid capital of $750k.
Bottom line is that the people who own these things have enough wealth to handle it external to the franchise itself. Great "passive" income for them if they hire managers.
This is profitable as a high-volume/low-margin company, same as Walmart. I couldn't stomach that.
thats great passive income. w/ a franchise, you are not even stuck in your office and earn that amount
Nah it's pretty shit considering it takes 1 - 2 mil to open one. After all those expenses you end up with like $150k NOI a year and it's probably not passive at all.
Sure it is, but did the miss the fact that you have to hire McDonald's quality employees? lol I would have to hire a low paid incompetent manager to run it. Any manager who could run it competently would wipe out basically any profit I have. I'll stick to my home office desk, thanks. There's more to economic decisions than money.
Also a family member owned a restaurant that had a revenue of a bit over a million per year. The net profit was fucking $10,000. lmao.
plus all the headaches of owning a restaurant.. so not worth it
>$1mill/day