Millionairs on Lat-G? - Page 12 - Lateral-g Forums

coolwelder62 · #**111** 12-07-2011, 08:43 PM

Well I hope to be one of the million-airs here on lateral-g.I just have to keep working hard and in about 20-30 year's I might get there.

I hope lateral-g is still going.

John510 · #**112** 12-07-2011, 08:58 PM

<----- Not a millionaire

Nine Ball · #**113** 12-08-2011, 07:53 AM

Interesting topic, but I don't see the reason why some people get bent out of shape about discussing this topic. I grew up broke, and always tried to learn from those that had achieved some level of success. I'm still learning. I also share what I've learned along the way, to those interested in doing something with the information. To the casual commenter that just makes some sort of wiseguy remark, stereotyping others for having nicer toys as not having earned it, I don't have time for those people. Like Stuart said, those people have a "me" problem with themselves. I know numerous people from all income levels that are 100% content with their lifestyles, nothing wrong with that. I've always had pride and have always been driven, no matter what my current paycheck at the time stated. That drive, ambition, and action is what the haters lack. It is much easier to sit back, be lazy, and criticize and be envious, instead of getting off your ass and doing what it takes to reach a desired level of financial success.

Also, Greg's statement about net worth vs annual income are pretty damn accurate. Having a 7+ figure net worth doesn't make someone live some sort of extravagant lifestyle, jet setting across the globe, having 20 exotic cars, and multiple mansions. Those guys have the 9+ figure net worth nowadays. I'd love to get there someday.

LUACE · #**114** 12-08-2011, 08:00 AM

Nicely said!!!

Quote:

Originally Posted by Nine Ball

Interesting topic, but I don't see the reason why some people get bent out of shape about discussing this topic. I grew up broke, and always tried to learn from those that had achieved some level of success. I'm still learning. I also share what I've learned along the way, to those interested in doing something with the information. To the casual commenter that just makes some sort of wiseguy remark, stereotyping others for having nicer toys as not having earned it, I don't have time for those people. Like Stuart said, those people have a "me" problem with themselves. I know numerous people from all income levels that are 100% content with their lifestyles, nothing wrong with that. I've always had pride and have always been driven, no matter what my current paycheck at the time stated. That drive, ambition, and action is what the haters lack. It is much easier to sit back, be lazy, and criticize and be envious, instead of getting off your ass and doing what it takes to reach a desired level of financial success.

Also, Greg's statement about net worth vs annual income are pretty damn accurate. Having a 7+ figure net worth doesn't make someone live some sort of extravagant lifestyle, jet setting across the globe, having 20 exotic cars, and multiple mansions. Those guys have the 9+ figure net worth nowadays. I'd love to get there someday.

**camcojb** · #**115** 12-08-2011, 08:29 AM

Quote:

Originally Posted by DBL NKL

Very well said 9Ball.

My family immigrated to Canada from Ireland back in the 60's and I was raised in the school of hard knocks. Nothing gifted or handed down, I worked for everything I wanted whether it was a bike or a skateboard. I bought my first mini bike (Z50) with money I saved at the age of 10, and purchased my first motocross bike at 12 yrs old with money earned from working on a friends farm in the summers.

I remember those years very well and the values and lessons learned in knowing it took hard work to get what I wanted were forged at a very young age. Today I operate a successful company that I started 6 years ago, and have never looked back. I have prospered in tough times, have always turned black ink, and 2011 will go down with record sales that will be tough to duplicate. Why you may ask? Because I work hard for what I want, and I know that success is ALWAYS parked right around the corner.

Hard work and perseverance are what drive me to be successful. I know I can succeed in being whatever I want to be. I am well on my way to being there!

No, I'm not what I would call a millionaire, but I have net worth, great friends, and an income that supports my growing family (and my car hobby). I'm all good!

great thought! You don't have to answer, but if you don't mind what does your company do? I'm always interested in what types of businesses are prospering in today's economy.

**GregWeld** · #**116** 12-08-2011, 09:01 AM

Good post Nine!

I said earlier -- or maybe in the OWS thread... that what really scares me the most is that people don't have enough savings for retirement. The reason that scares me is because I know what it costs to live and how much it takes to earn enough off of your "savings". Todd said it very well - that it's not how much you make - but how much you spend. That's very true. But there are basic living costs that everybody has... and these take real cash to pay.

If you need 50K to pay your bills now (4K per month) - that will take 60K or more with inflation. Property taxes keep rising etc. To "take home" 60K - a guy might get 2K (maximum) from Social Security.... Now you have to make another 36K after taxes... and that takes just short of one million bucks.

You really can't just sell your house and move somewhere cheaper... it just doesn't work like that. You'll have grandkids and friends - and it's where you've lived for "X" years etc. So that "asset" really isn't available to live on. Plus - most will need to sell their house later when they're needing assisted living etc (it cost me over 500K to support my mother for 4 years... Since I owned the house outright - I sold it for 204K and used that up first). That equity needs to be the court of last resort.

I think what Nine - and I - have been saying is that all this "millionaire" talk is nice if you're looking up from the bottom... it looks like OMG that guy is rich... but in reality -- you have to have a "few" million just to be "comfortable" - a "bunch" to be "rich" - and a gazillion to be the kind of millionaire that people dream about (including the guy that is comfortable and the "rich" guy!). And oh hell yeah life is "easier" when you have some dough but you have to be HAPPY first. Even the Ten Commandments makes a statement about coveting the other guys stuff...

And here's what Nine was saying - it's what makes the difference... I have a personal trainer. While working out - we discuss life etc. He is now invested in some stocks - 10K worth that he'd saved up that was "sitting" in CD's earning zippola. We'd sit and watch CNBC - next thing he's asking about why/what/how - what did I do with this or that and what they were talking about and what it meant...HE TOOK INTEREST on his own! Then asked me for "help" selecting etc. Then he took action and now owns some dividend paying stocks. Now we're working on some ideas that could really be a hit (or not). They're HIS ideas - we're just bouncing around the add ons and the possibilities of marketing etc. My point is... that he hasn't stopped at just being a PT... he's always thinking about "the next thing" - a move up - how to work a little more and what it takes to be an achiever. He's not sitting around being static.. he's active in his own success.

Tuske427 · #**117** 12-08-2011, 11:01 PM

I design toys for a living. I enjoy it, but working for someone else isn't going to make me independently wealthy. Especially since I spend all my free coin on my car.

Beegs · #**118** 12-09-2011, 04:21 AM

It seems to me that there are alot of "healthy" people on this forum.
I want to know how long you last during love making with your spouse.

You do not have to comment so that you can remain anonymous, just take the poll.

If you would like, let us know what you do for a living in order to prolong your stamina.

oh crap......wrong website...............

Simmo · #**119** 12-09-2011, 04:36 PM

I was brought up on the work hard, get good grades and work hard at a good career and one will prosper mentality. Then an accountant friend suggested I read Robert Kiyosaki's Rich Dad Poor Dad and boy did my mind set change!

Working alongside guys all on six figure salaries it became apparent that some were doing extremely well while others on the identical pay scale lived pay check to pay check.

Doing some digging revealed that the ones doing well made their dollars work for them as opposed to being a slave to it. I'm glad this change of mind-set occured in my early 20's as now in my late 20's having read countless titles on investment and personal development (and continuing to do so), through applying the principles learned I no longer have to rely on the 9-5 for my crust.

It's like someone mentioned earlier about their PT. It's funny how some will snigger with envy and ask "why not me?" meanwhile the clever ones ask "how can I?"

In the past few generations what it takes to be wealthy has changed drastically, I do believe in working hard to a point, but working smarter is much better

**GregWeld** · #**120** 12-09-2011, 04:49 PM

Quote:

Originally Posted by Beegs

It seems to me that there are alot of "healthy" people on this forum.
I want to know how long you last during love making with your spouse.

You do not have to comment so that you can remain anonymous, just take the poll.

If you would like, let us know what you do for a living in order to prolong your stamina.

oh crap......wrong website...............

Marry your high school sweetheart - stay together for 40 years - buy a color tv with a remote for the bedroom. You won't have to worry about such things.