Hey /biz/, how much cash do you have on hand in case of emergencies? I feel like I'm pretty risk averse, so I have about $20k that I do nothing with but leave in a money market account.
Is this too small? Too big?
What are your opinions on this?
Also I saw an interview with Mark Cuban and he said he keeps all of his money in cash and only invests when he sees an opportunity to make money. This seems pretty damn stupid to me but he is a billionaire so what do I know.
So on another note, is Mark Cuban an idiot?
20k is to much invest 10k and Mark Cuban is a faggot born a couple steps from home plate
conventional wisdom is to keep 2 months living expenses in cash and invest the rest
>>1141327
Doesn't 2 months seem like not very long though? What if I have a medical emergency or something?
lets get this shit started.
What are tomorrows top picks people?
also note, the chatroom is recruiting
if you're interested give us an email address and leave a brief description of your experience level
>>1141249
Where's oil going my good goys
>>1141256
Down this week up in the future
>>1141256
So sell oil? Got it.
Yo guys first time posting 2nd month lurking
What do you guys think of gbsn?
Also what does nasdaq 20% insurance mean?
>Business Creation
Go It Alone – Bruce Judson
The Lean Startup – Eric Ries
Street Smarts – Norm Brodsky & Bo Burlingham
Ready, Fire, Aim – Michael Masterson
Escape from Cubicle Nation – Pamela Slim
Bankable Business Plans – Edward Rogoff
>Marketing
All Marketers Are Liars – Seth Godin
Permission Marketing – Seth Godin
The 22 Immutable Laws of Marketing – Al Ries & Jack Trout
Getting Everything You Can Out of All You’ve Got – Jay Abraham
>Sales
The Psychology of Selling – Brian Tracy
Pitch Anything – Oren Klaff
The Ultimate Sales Machine – Chet Holmes
Value-Based Fees – Alan Weiss
>Finance & Accounting
Financial Intelligence for Entrepreneurs – Karen Berman & Joe Knight
Simple Numbers, Straight Talk, Big Profits – Greg Crabtree
The 1% Windfall – Rafi Mohammed
Accounting Made Simple – Mike Piper
How to Read a Financial Report – John A. Tracy
Venture Deals – Brad Feld & Jason Mendelson
>Productivity & Effectiveness
Getting Things Done – David Allen
The Power of Full Engagement – Jim Loehr &Tony Schwartz
StrengthsFinder 2.0 – Tom Rath
Bit Literacy – Mark Hurst
10 Days to Faster Reading – Abby Marks-Beale
>Problem Solving
The 80/20 Principle – Richard Koch
Accidental Genius – Mark Levy
Learning from the Future – Liam Fahey & Robert Randall
>Behavioral Change
The Power of Less – Leo Babauta
The Path of Least Resistance – Robert Fritz
Re-Create Your Life – Morty Lefkoe
Self-Directed Behavior – David Watson & Roland Tharp
>Influence
Influence: The Psychology of Persuasion – Robert B. Cialdini
How to Win Friends and Influence People – Dale Carnegie
Crucial Conversations – Kerry Patterson et al
The 48 Laws of Power – Robert Greene
>Leadership
Tribes – Seth Godin
Total Leadership – Stewart Friedman
What Got You Here Won’t Get You There – Marshall Goldsmith
The New Leader’s 100-Day Action Plan – George Bradt et al
>Business Voice Chat
https://discord.gg/0r6y9uFQmX7XcmzD
gen .lib .rus .ec/search.php?req=Margin+of+safety&lg_topic=libgen&open=0&view=simple&phrase=1&column=def
Margin of Safety by Seth A. Klarmar
hasn't been published since 1991.
>>1140931
You forgot the Art of the Deal
No Personal MBA?
does anybody here actually own a successful business?
>>1140896
Rule of thumb: /biz/ is mostly composed of NEETS with delusions of getting rich.
>>1140923
so why do you browse it?
I own a managed IT service company. Its been successful so far.
Let's see some helpful infographics for Wealth and Life gains, /biz/!
>>1140877
got more of them
So how do I buy this famed ETH, and become a millionaire?
>>1140783
Take a gun. Put it to your head. Pull the trigger.
>>1140794
As a Wall Street trader, I can confirm this is sound financial advice.
>>1140794
Don't be a butthurt nocoiner like this op. Don't let your future self down. There is still plenty of room for gains.
Am I mining? For some reason I feel like Im doing it wrong. I guess since it was so easy.
>>1140770
Don't you earn more by pool mining?
>>1140793
Im fairly certain that that is true and I had initially clicked on that but something happened and i cant remember what it was and i dont wanna interrupt the shit right nowsince i wanna see what happens when that circle shit fills up completely.
>using the one click miner
Isn't that cpu only? And pool mining is going to get you a shit ton more for the time you spend mining unless you have a rig that destroys 99% of the PCs on the market.
So, for the past days I've been studying the laws surrounding the renting out of rooms.
I came to the following conclusion:
If I rent a three room apartment I can rent out each room without having to have any licenses or inspections. Fokking a.
So, I plan on renting a 600 euro three room apartment. Painting all three rooms white and putting in carpet tiles, install wifi, equip the kitchen and rent out every room for 450 euro a month.
The initial investment is 3000 euro and aslong as I always rent out atleast two rooms I'll make a profit. I account for 200 euro a month in utilities.
Simple calc:
apartment: 600
utilities: 200
rent: 1350 (-21 percent tax)
1350 - 1060 = 290 moneys a month for muh corporation
What am I missing?
>>1140656
Subletting apartments is a little bit more complicated than you realize.
>>1140658
Alright. You convinced me with your arguments and logic.
>>1140656
firstly, there are usually rules about subletting
secondly, it's not like your roommates won't know (or at least be able to guess fairly accurately) what you're paying in rent. Why would they rent a room from you for 450 when they're only getting 1/3rd of a 600 euro apartment?
Anyone here own/ed a Game shop Cards game and the like? I have questions. Like how much does it cost to start and to maintain? Is there a down side or penalty's to adding things like a Coffee shop upfront? What are the hoops I need to jump through to get the process started?
>>1140206
I have had a trading card online shop and about 5 years experience selling and buying online and also organizing tournaments and having vending booths at majors.
Planned on getting a store, but the hassle wad to big.
I can answer you some questions, if you think i'm qualified to.
>>1140226
When you say the hassle was to big what do you mean?
>>1140230
I ran the numbers. Got my info from fellow tcg vendors with stores and it was quite clear, that having a store was a loosing game in my country in itself. It had one major advantage: being able to buy from your customers. In the us it was a different thing. There it is quite a good business just flipping stuff in your store and not selling online.
The upfront payment of about 50k to get started was rather crippling to my core business model and getting more employess is a pain in the ass, if youre a fringe business.
GODDAMMINT HOW DO I START MINING FOR ETHEREUM FUCKS SAKE THIS SHITS IRRITATING FUCK HELP PLEASE
ive been following this by the way and step 14 is the one i am running into a wall with.
Thanks in advance to whoever helps me through this shit.
>using windows in 2016
https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
does anybody has any experience with affiliate marketing? is that shit for real? any tip for someone who want to start and get rich?
>>1140000
name of the slut?
>>1140000
i also saw this thread and was wondering. i'm not even sure if affiliate marketing schemes earn shit if you're not some huge facebook page posting clickbait,
Affiliate marketing is a useful tool for actual businesses to network with each other to increase traffic and get commissions. However, it is often sold to people like you as a scam where they make you believe you can make passive income by setting up a few blogs and newsletters, while the truth is its essentially a pyramid scheme where the only ones getting rich are those who run the scam, they hardly ever sell anything, just profit off of suckers falling for the bait,.
I am considering investing my tax return over paying off a chunk of my student loan debt. I have on average earn 11% using robinhood (without trying) and my highest loan rate is 7.75%. If I apply myself I predict I can do much better than currently.
I know capital gains tax is 5% for my tax bracket (USA). Any other reasons I would lose money?
Will this make my gains negligible, and am I better off financially just putting them towards student loan debt?
>>1139993
Did you apply cap gains taxes to the robinhood?
split the difference. say 25% loans 75% Robin.
I'd recommend the split to target loan balance down to below 50%. for that credit BOOOST
https://www.youtube.com/watch?v=Y3A_XGyZYG8
>>1139993
You have to be delusional if you think you can get a consistent 11% return on some shill app.
>>1140013
Ya thats what I'm talking about. For example gonna use $1000 as my principle for both.
1000*.0775*1= $77.5 interest per year (student)
1000*.11*1 = $ 110 - (110 * .05) = $104.5 after capital gains per year.
That's a $27 dollar difference and since I don't need to pay back loans till I graduate that is just free money.
What the pros and cons and how wouldi go about doing it?
any long term repricussions?
what if i declared bankrupcy and just moved outside the united states with all my shit i bought >?
>>1139793
Have fun never getting a business loan ever again, OP. There is no good reason to file BK when you can let your accounts go to collections, then settle them for pennies on the dollar with the same effect on your credit IMO
>>1139808
My understanding is once collections starts, your credit history has already hit the shitter.
>>1139793
Your assets are sold off and used to pay creditors during bankruptcy proceedings. Keep in mind you have to appear before a judge and explain how your stupid ass got in this mess, too.
Hi guys,
This is my first post on this board. I would like to greet all of you out there. I recently started realizing what If I'd start a business... I have web coding skills, software developing skills as well. I know Photoshop pretty well, I was making money by making graphic designs for a company ( logos, banners, headers, etc... ). I want to start something on my own, I don't have business skills, I don't consider myself good at it, that's why I am here. I want to learn all that is to be known from your experiences and advice. What online businesses are to be made ? Please hepl
bamp
You could become a freelance developer/designer with those skills, but that market is very saturated, especially on the internet. (Speaking from experience)
If you profile yourself as a professional, trustable freelancer, you could target larger businesses. Its vital to get to these clients with offline networking. When someone goes on the internet to find a developer/designer theyre literally flooded with college kids willing to build a website and logo for 10$.
When I was in college I made a logo for a family members business for 100$, after he paid 1000$ to a professional guy he knew personally to do it. You want to be that professional guy.
>>1140305
I follow you anon and i completely agree with the fact that the market is indeed saturated. Not to speak about some guys which are selling their services cheap than ever. Do you suggest that going to smaller companies ( or bigger ) and trying to present them my designs , or come up with a better one, would they accept, or is it a bad idea ?
Should I get a Telemarketing job that offers $9.5/hour after tax?
They have a way to earn bonuses as well, which I'm guessing is commission, but they don't talk about it on their site so I'm not factoring that in. (They claim it's a minimum average of $13.45 with those)
It's about an hour of commute away. I can both get part-time and 34h/week.
Anyone have any experiences?
Is it worth it?
Any literature I NEED to read?
>>1139549
Really? No one?
>>1139549
No. Learn some sort of trade even if it's something like cooking. Anything but cold calling and hating life.
>>1140193
It's a temporary job.
I need some money before going to college. I plan on keeping it for around 6 months.