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25 November 2023 | 62 replies
It isn't really THAT passive, unless you make hundreds of thousands to millions (like most gurus), to provide you the seed capital to outsource all of this.
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30 May 2020 | 79 replies
Effectively seeding the asset to the Federal Government.Now I want to make something REALLY clear.
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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%.
6 December 2019 | 105 replies
Second, try to find some seed capital to get you started from a marketing perspective, even if it isn't a ton of money.
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4 June 2020 | 56 replies
The seed is planted.Now we just wait till your DMM messes up..
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11 February 2020 | 14 replies
My investment strategy: - I want to use the 15k or 20k as seed money to put down on a home out of state (CA is not an option) and do a buy-and-hold strategy on a low risk house. - This house will act as a non-liquid savings account for my kid.