I'm in my early twenties and about to graduate as an electrical engineer. What can I do to be as wealthy as possible. I have zero knowledge on stocks, investments, or saving money. I'm going to assume I get a semi-decent job because of my degree, but what can I do to be rich as fuck
bet on donald trump winning the presidential election again in 2020
>>1720361
gtfo fag
>>1720361
Chances are you'll never be "fuck you rich", if you haven't already invented a novel service or product.
You do have a few options available to you, though.
1) Invest the maximum allowable 18k into your 401k, each year.
2) Save 20% of your income and invest in in a Vanguard S&P fund.
3) Buy rental properties and snowball into more and more rental properties for faster income.
The above options will 1) allow you to retire by likely 40 2) provide a passive income.
You will not be Zuckerberg rich or Hollywood celebrity rich. But at least you'll have ~5m by 40. You can live off that for 20 years until you use your 401k for more passive income.
So here's my situation. I'm 20 years old and still in college. Right now, with me splitting the down payment with my parents on a house (and them taking 60% of all rental profits) I can afford a $150,000 home here in the United States.
I'm planning on renting it out, and since its in an up-and-coming neighborhood I'll eventually develop it and cash out within the next 5 years or so.
So, just wanting any advice from anybody with experience in the real estate investment field. My 5-8 year goal is to switch over to commercial investments, and go even further with that.
>>1720344
If you are able to pay down the loan with the rent it may be worth it, but remember that such a big loan will add up much interests which will remove much of your profits. I'd rather put the savings in some safe stocks, having a chance for 20-30% growth a year.
If you can get 1500 / month on your 150k home, then go for it. Otherwise, search for a property that has that price-to-rent ratio.
Don't be scared of investing outside of your city, since your area may not be suitable for B&H rentals.
>>1720386
Looking at a mortgage of about $1200 for the neighborhood, on average. But it's going to be a very desirable neighborhood in the future. Plus I'm very close to several real estate developers and could easily develop it in the future.
Just put all my savings ($50k) into AMZN and VTI
This is a safe bet right?
>>1720314
If you can afford to lose a huge chunk of it, sure.
It probably just depends on your timeframe. AMZN isn't going away most likely, but if you need that money in a few months and the stock has dipped, you may regret the move.
>>1720314
I would've waited until the earnings reports before cashing out.
What do women think about throughout the day? As a /biz/ male, I pretty much think 24/7 about how to achieve greatness, how to improve business. How to build something great. Do women think the same though
How to please Chad.
>>1720286
dunno, but their mind is a scary dark place anon.
you don't want to wander in there.
>>1720286
It's a well known fact that women check their own reflections at least once every minute
Women only think about themselves
Blue Monday HWAT?
stay poor nocoiners. you are so fucking mad right now
>>1720262
It's next week faggot. And this is a shit thread regardless
Contribute or fuck off
>>1720262
Looks like you didn't get your invitation.
I will hand deliver it to you:
>>1716247
7 days left.
You are still in the denial phase.
>>1720359
so what do i stock up for bitcoins? i currently have no e currency but only 100$ in the bank, what should i do to maximize gains from it
Any good sauces on learning value investing?
>>1720248
bump
Alright I'll give this a serious reply.
Start with the greats. Graham and Dodd. It's old, but the principles still work. From there move onto their followers that have been very successful following the principles, i.e. Buffett, Klarman, etc.
Learning about value investing is the BEST thing you will ever do for yourself in your life.
Security Analysis.
Let's share some stock tips.
I'm currently invested big in CSBR, and i believe it's still money to be made as it is currently undervalued. How is the oil market in US atm? In europe it is still a little high risk, though they invested and bought many new fields for a low price. Oil in EU is good long term i believe.
How do you invest in oil? Which apps do you use?
Which EU country are you from? (UK here)
>>1720295
I'm from Norway and by investing in oil i mean investing in oil and energy stocks. For instance our biggest player Statoil owns most of the Norwegian oilfields and they bought many new ones for cheap while the price was low. Another growing business is the salmon industry.
today I took a huge risk and bough 1500 shares of DRYS. it could offer a really good profit in year or too but it's a terrible risk
Any Accountants in the UK that make good money? or is it a dead end job? Can someone make me feel better about what i'am going into, my engineer "friends" told me that i wont make good money as an accountant and said that soon accountants will be gone due to automation, is this true? should i switch to CS?
Engineer here, my sister is an accountant.
I entered my first job earning 21k which is super low end cuz im a lazy fuck.
My sister is busting her balls and earning sub 14k
If you're an accountant and you wanna make big bucks you gotta start committing fraud.
>>1720236
>14k as an accountant
I call bullshit
£14k is barely even minimum wage McDonalds tier. Your sister is a whore
>>1720236
The fuck? Do you live in fucking Africa? Accountants here in the real world make $55k as a starting associate
https://birds.bitcoin.com/
Get paid to shill on twitter.
In bitcoin.
>>1720184
Don't mind if I do
just know this is gonna be either a scam or not worth anyones time.
>>1720223
I only just heard about it, so maybe.
Anyway, it may be worth it to get some Bitcoins, if they keep pumping.
Links: http://www.richdad.com/classic
What is cashflow?
Cashflow 101, created by Rich Dad Poor Dad author Robert Kiyosaki, is an educational board game aimed at teaching investors concepts of accounting, finance and investing. ... The objective of the game is to “get out of the rat race” by accumulating enough passive income that exceeds your expenses.
Other versions of cashflow:
Cashflow board game
Cashflow the E game 101
Cashflow the E game 202
First deal, an option on the stock market.
I usually go after the cheapest option since I lose a small amount of money if the option fails. The call and the put options offered here are too expensive so I will pass.
Next deal, a plot of useless land.
Buying this land is like throwing your money into a trash can unless you have a builder lined up to buy it.
I landed on a doodad, I added an office on to my house for $750 a month.
Also when you land on a doodad card you are FORCED to do what it says you can't say no.
Now this is a serious blow to me and my financial statement but it could be worse.
Hey there /biz/ I want to start a business but I don't have a fucking clue what to do, any ideas?
>>1720004
You just want to start a business? Where? What sector?
>>1720018
Yes, i've been thinking in the electronic sector buying used stuffs, repair them and the sell them a little more cheaper that the original price
If you have any idea said it
Anyone make it as a writer?
I have my own site with plenty of original content which gave me the opportunity to write for another website that is yet to pay me.
Wondering what money-making methods there are for startup writers looking to build their brand.
Willing to work with anyone here to make some money.
>>1719963
slap an ad on it.
>>1719965
Not sure if I get enough traffic to make anything with PPC ads on my own site.
Now if there was somebody to pay me hundreds or thousands to display an ad for them for a year or something like that, that would be sweet
>>1719969
if you can't build a returning audience your writing ain't worth shit.
6/2010 – 2007 (current):
Vice President
•Manage the day to day operations of the company, including: Employees, accounts payable, accounts receivables, bank deposits, shipping and inventory control (ordering stock items, special orders and performing monthly inventory).
• Perform IT support for walk-in customers and business clients. Answer phone calls, handle messages and general customer relations. Perform quality control in regards to invoicing and service ticket summary notes.
• Wrote software to build an intranet from the ground up with a web based interface. Utilized IIS to access it and programmed it with HTML, CSS, PHP, JavaScript and SQL 2008. This software handles our ordering system, messaging, service tickets, subscriptions, client credentials, timesheets, announcements, and vacation / holiday schedule. Prior to this we were paying subscription fees for third party software to handle these functions and they were not centralized.
Good?
>>1719939
change vice president to secretary, more aptly descries your job.
you keep swapping tenses, makes you sound like an idiot.
you can't program shit with neither css, html nor sql. don't lie.
>Perform IT support for walk-in customers and business clients. Answer phone calls, handle messages and general customer relations.
That's not what a "Vice President" should be doing.
>This software handles our ordering system, messaging, service tickets, subscriptions, client credentials, timesheets, announcements, and vacation / holiday schedule. Prior to this we were paying subscription fees for third party software to handle these functions and they were not centralized.
Useless expository bullshit. Why would I care about the details of your HR-tier system?
>>1719939
Its hard to read, I'd recommend breaking it up a bit more.
2010 – Current
Vice President
Duties include managment of
-Employees
-accounts payable
-shipping and inventory control
>theres no need to explain, they know what shipping and inventory control is
>no need to put that IT shit on there because its not impressive
Quality control
>in regards to invoicing and service ticket summary notes
never put (in regards to), it just looks as though you don't know the exact title of your duty
Programming experience
-Intranet development
-IIS, HTML, CSS, PHP, JS and SQL
>don't put 2008 after SQL, or any programming language for that matter becasue it gives of the subtle impression that you don't know how to work the latest version of the software
Programming experience worked to save company money on third party software
I'll do it again but what a finished product would look like.
>tfw there are people who are making MILLIONS by literally playing video games and reviewing anime all day
Fug this gay flat earth
Still chump change compared to Oprah. Sitting around talking and crying all the damn time.
At least the games change.
>>1719754
Theirs billions of people who aren't. No sense in crying about it.
There are people that are making big money doing a lot of different things. If you want it, get out there and do it.
So! anyone tried to earn money through matched betting being from a country outside the UK? Is it possible even without having an address in the country and using a bank account from another state? Experiences? Stories?
Come on niggers, it's literally free money. Some of you have to be doing this.
>>1719640
I've done a lot of matched betting netting around £2k.
But as you can probably tell from the currency; UK :/
if you live in reno, nv you can make like $5 a month per casino, for the their 'player's club' promotion. I went to reno with my dad, he won a $5 promotion and I did.
You have to play with the money, but you can withdraw every $1 of gains.
He actually won $12 from the 5 promo, I lost all my $5 promo money, got $0.10 of winning.