All Forum Posts by: Manch Hon

Haha. I am daydreaming nowadays how I would pull cash out of stock account to implement my "East of 101" strategy. Well, maybe next year. I will leave all of SF to you Amit. I don't have the nerve to tackle SF rent control. :) 

We are the top dog alright. :) No if no but. 

Before people pull their hair out trying to figure out how to amass $100M net worth, check this article out:

I Made $15 Million Before I Was 30, And It Wasn't As Awesome As You'd Think

So I gather none of us who wrote have 100M net worth. We are all just speculating, right? :)

@Jerry K. wrote a great post. One thing that Jerry didn't say explicitly is this:

To have 100M net worth you have to create 100M worth of value.

This flips the question inside out. Instead of thinking how you can capture money, think how you can create value for people. Start your own manufacturing company is a great example. You make things of value to your customers, who fall over themselves giving you money to get the awesome gadgets you make. In real estate, that can be fix-and-flip, developing land, or putting deals together that otherwise may not happen. 

Create value.

@Kevin Young Thanks for the writeup! I will definitely hit you up in the SJ meet up. Ever since I read John Schaub's book I was sold on his SFH-only plan. But I am always open to new ideas.

Maybe we can have a MF vs SFH debate on BP. Kevin, Amit and Minh are big on MF. Who's on the SFH side?

Right on. It's surprisingly difficult to have realtors take phone calls, answer emails or even call me back after I left numerous voice mails. And these are realtors who have active listings on the MLS! C'mon, your license is a SALESPERSON license. I know because I got one too. Show me some initiatives!

Instead of begging for agents to open doors and make offers I will do those things myself now. 

So what exactly is Lindahl model? Anyone has a Readers' Digest version of it?

I was thinking hitting 10M in 10 years, 15 max. Yeah, 30 years is too long. :) Also 5% return on money is too conservative. Even if you just go completely passive and buy S&P500 index fund, you will get 8 or 9% return per year. 

I never thought about reaching 100M until this post. Many good points raised by folks. I have a plan and clear path to 10M (I think) but 100M is a whole different ball game. Frankly I think I will just cruise and not think about money after I reach 10M. I will be old by then and priorities will certainly change. 

Beyond a certain point your net worth becomes just a number, not unlike your score in video game. 

Unless you truly enjoy the process of making your 100M. If it drives you then why not.