2 November 2016 | 18 replies
Put your seed money in there, this is not taxed as its not considered income.
28 February 2022 | 171 replies
Set a savings rate that is percentage of your income.Each month automate that amount out of your current account into your investment/portfolio account.That is you to keep and fund your asset purchases.This is capital formation at the household level.Anthony Robbins in his book, Money Master The Game gives numerous examples of individuals who followed that formula.Sir John Templeton related that he would save 50% of his income to build his business.A UPS employee from his twenties put aside 20% of his income to purchase UPS stock.By his eighties he had a portfolio of over USD70 million of which he gave away USD35 million to charitable causesThere is a warning on the illusion that wealth will somehow, one day fall into our laps.Each amount that passes through our hands is potentially seed capital, which can be used and allowed to go through the power of compounding then contribute to our portfolio growth.Bill Greene in his book "Think Like a Tycoon" suggests setting aside 95% of your income towards your portfolio to become a tycoon.Only spend 5% of your income on consumer items developing a way to expand your means until necessities fit in that 5%.
28 November 2022 | 19 replies
Basically, I’ve been planting seeds for the last few years.
14 August 2024 | 84 replies
I'm actively seeking properties to seed my portfolio.Hugely bullish on Detroit.
28 August 2023 | 20 replies
I had a friend years ago that was an otherwise great person but treated his car like a bird cage (literally, he had chewed sunflower seeds all over the car).
20 October 2021 | 38 replies
Then we put a Heloc on it for REI seed $, rented it out, and moved down to a doublewide for 5 years on purpose.
30 April 2024 | 140 replies
Without leveraged finance there would be no facebook, no Microsoft, no i-anything, you would not be just doing it as there would be no Nikes, there would be no grocery stores as all farming would come to an end because all that machinery and seed for planting, you guessed it, financed because farmer Joe dosn't have the $250k cash for seed with another $350k for that tractor, it's financed.
19 October 2020 | 153 replies
This is planting seeds for the long haul, and trying to replicate the network aspect that college can provide.- Never stop learning.
4 January 2021 | 7 replies
That's when Robert Kiyosaki planted that powerful seed.
26 February 2020 | 191 replies
You can make your money work for you.Unfortunately, I think it’s deeper seeded issues of fear and “financial security” that keep most of us from taking “that leap” and moving towards a life of wealth.