Any Millionaires on the farms? - Bankers not welcome

Koruu

kiwifarms.net
Joined
Jul 15, 2022
No Powerleveling, obviously.

Curious to know if anyone here (or anyone you know) has amassed their first million, or beyond? How did you do it? How much of it was real intelligent economics vs just being in the right place at the right time? What suggestions would you make to those looking to accomplish the same? What avenues did you take to get where you are? Etc.
 
No Powerleveling, obviously.
lol, good one.

I suspect there are many. What is even a millionaire? Are we talking cash, assets, a blend of the two?

It most likely comes down to having a good job and investing in recurring revenue rather than spending money on depreciating assets.

Not having kids early helps. These suckers will hurt your cash flow bad when you need it most.
 
lol, good one.

I suspect there are many. What is even a millionaire? Are we talking cash, assets, a blend of the two?

It most likely comes down to having a good job and investing in recurring revenue rather than spending money on depreciating assets.

Not having kids early helps. These suckers will hurt your cash flow bad when you need it most.
Let's roll with Net Worth as the indicator of overall wealth.
 
i'm a millionaire in zimbabwe dollars
Just a millionaire?
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I know one millionaire. They are in their late 50s. They are a couple who started out in low paying entry level jobs. They both sought out opportunities for training and certification where they could. They didn't pay for the learning opportunities. They convinced their employers to pay for the training by making proposals on how it would benefit the employer if they had that training or certification. Once they accumulated certification they repaid their employer by waiting a couple of years before finding a new job. Then they'd find new higher paying jobs using the qualifications and experience. It took about 15 years before they made decent money.

They also avoided spending money if possible. While they were still making fuck all money they bought a house. They knuckled down to pay the mortgage off as quickly as possible by only spending money on the necessities. Once they paid the mortgage off they decided to just keep living that way for the most part. They spent a little more to improve quality of life a little bit but they didn't increase spending by much.

They don't drink often, dont smoke at all, or gamble

Now they have over a million in savings and own a 3 properties.

They also never tell anyone how much they have. Most people think they have average finances and are still paying off their mortgage because that's what they want people to think. I only found out when I befriended them and we were drinking and I asked how they they were able to afford their cancer medication.

They also raised 3 kids and somehow managed to still save money while raising kids and paying off a mortgage.

I asked them why they live that way and they said something along the lines of "I saw what the jews were doing. Hording money and only looking out for their own. So I copied that"

So unless you come into money, are lucky, or can land a really high paying job the answer is very slowly accumulating it and always looking for better opportunities
 
I know one who's 86 years old. Legit rich af. Worked as a COO for a major transport company. He was basically the "boss" while the owners enjoyed their millions. The amazing thing is that he still looks at the price of vegetables and stuff. And keeps the receipt of his monthly buys to search for best prices. Dude's 86 and fucking loaded and still keeps the receipts. Also, he really likes doing business. He helped me out with a small business buy just because he's cool, and you can tell he obviously gets a kick out of business itself; either getting a lower price or just figuring it out how to get a good deal.

Personally, I'm not like that, and I'm not that interested in money or business in the way he is. I think you either like making money or not really, and it's just a thing you have to do to survive, and that's just the way you are. Everyone likes money, but not everyone enjoys being a businessman.
 
Granddad was a 3M exec who fucked off to Florida with at least 7 figures, gave a really insensitive spiel after I gave him the whole crypto song and dance back when BTC were still 5000 each despite having shelled out the same amount by a shitskin in the past to get me out of jail (obvious scam, never bothered to call my cell, entire family still acts like it's my fault)
 
Gram-Gram was a multi-millionaire and nobody knew about it until after she died. I don't know the specifics about investments and such but she lived super modestly, never replaced things unless she absolutely had to. Two income household for decades until her husband passed and she literally only stopped working a week or two before she died.
 
If I hadn't been a degenerate alcoholic coomer in my twenties I'd be a multimillionaire. In total the trust I created to hold my businesses and assets would be worth over a million dollars.

Besides the businesses the trust owns real estate and stocks and bonds. I would have it invest in crypto but the moment you do that banks are cagey about giving out loans.

I personally own crypto but I mostly use that to donate to debanked people. Crypto also shouldn't be treated as an investment unless you have substantial capital.

I only take about 30-50k a year from the trust. I don't take a salary from anything else, all profit goes into the trust. But without rent or utilities 30-50k goes very very far.

Most money it makes gets reinvested or paid out to my friends and family who I've named as beneficiaries. I've decided to have it completely liquidated when I die to stop any fighting amongst my family and friends, because whilst I love them I don't trust any of them.
 
Advice is to buy doubles of gaming consoles, comics, or any other item that hits a high trend very fast and will very soon have a million different versions of it in less than 10 years.
Unironically flipping nerd shit (while it may not make you a millionaire) can get you by even in this day and age. Paid my way through college/grad school doing that. I mainly specialized in limited figures and shit, especially hitting pre-orders on sites like GoodSmile. Pre-order a few, hold for a few months, and you can turn them for double or triple your principal investment (or more if you have time to spare). It's retarded but works way too fucking well.
 
Yep. And Comic bros are absolutely the best market in my experience. I've never delved into figurines, but I have a never been opened OG Doctor Doom and a N52 launch Catwoman stored away for the guys out there. I managed a shop as well and was able to begin learning to track what was going to sell the highest, as well as the preferences between Variant covers and Originals.
 
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