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What would you do with 75k$?

Anything related to matters of the mind

Contrasto

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After reading the book i saw a lot of other "Gurus" followed exactly the same footsteps as Fastlane's one...
I live in Italy, and have an amount of money due to a compensation of a past car accident.

75k precisely.

The point is: if I ask around me to people and friends, all i will obtain will be just "slowlane" answers like "put them in bank" or "buy a house" ...

I want to ask the same question here:

What would you do with 75k$?
 
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JDx

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Take it out of the bank, throw it on the hotel bed in Las Vegas and make a ton of pics.

No but seriously, probably do a downpayment on a house/apartment (RE) or invest in current business/buy one.

Doesn't mean you have to spend it all at once.. Use it as a backup cushion if you can
 

GMSI7D

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After reading the book i saw a lot of other "Gurus" followed exactly the same footsteps as Fastlane's one...
I live in Italy, and have an amount of money due to a compensation of a past car accident.

75k precisely.

The point is: if I ask around me to people and friends, all i will obtain will be just "slowlane" answers like "put them in bank" or "buy a house" ...

I want to ask the same question here:

What would you do with 75k$?

first of all , i would enjoy life because you never know when death will come and knock on the door while you were dreaming about the future

I was watching a guru show when i read that the very next day after the shooting of the video, the host died from a heart attack at 59.
look at the comments on the video here : https: //www.youtube.com/watch?v=X8Jey7JplHs

So I would split the money 50 /50

50 % is for enjoying life NOW while i am still " young" at 40.

50 % is for building my future : investing in financial education etc.
 
Last edited:

ZCP

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There's your
Read the book.
Join the inside.
There's your homework assignment. Do both. Come back in two months and list out all the ideas / options you have found.
 

Scot

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I second @Omega Read the book, find out what you want to do, educate yourself and make an informed decision. Most business ventures don't automatically succeed just because you throw some capital at it.

Save, research, learn, discover, then take action.
 

GMSI7D

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I second @Omega Most business ventures don't automatically succeed just because you throw some capital at it.

.


To be exact, 80 % of businesses fail within 4 years according to officials statistics.

Here, we must be honest : very few entrepreneurs will achieve success and the lifetsyle they pursue. Starting a business is insulting probabilities in the first place but we are humans and we think that failure is for other people, not for us.

Because of mainstream medias, we are bombarded with success models but this is not reality and probabilities.
Psychology calls this availability heuristic

https://en.wikipedia.org/wiki/Availability_heuristic

for example people say :

" this guy on TV won the lottery , so can i "

" MJ DeMarco is free and i will be too "


But here we must face reality : we have a 80 % probability to fail so keep that in mind.







 
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jon.a

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To be exact, 80 % of businesses fail within 4 years according to officials statistics...

...But here we must face reality : we have a 80 % probability to fail so keep that in mind.

I'm so tired of people throwing variations of this statistic around.
NORMAL people have an xx% of failure. Most members here are abby-normal. :)
 

ZCP

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How many succeed without failing at least once?? Get out there and get to work and fail miserably!

Nothing will teach like failure. Nothing will motivate like being on the brink of failure.
 

The-J

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To be exact, 80 % of businesses fail within 4 years according to officials statistics.

Here, we must be honest : very few entrepreneurs will achieve success and the lifetsyle they pursue. Starting a business is insulting probabilities in the first place but we are humans and we think that failure is for other people, not for us.

Because of mainstream medias, we are bombarded with success models but this is not reality and probabilities.
Psychology calls this availability heuristic

https://en.wikipedia.org/wiki/Availability_heuristic

for example people say :

" this guy on TV won the lottery , so can i "

" MJ DeMarco is free and i will be too "


But here we must face reality : we have a 80 % probability to fail so keep that in mind.







You're interpreting the statistic wrong.

80% of BUSINESSES fail. Not people who start businesses.

Most of us have had failed businesses. We didn't fail, the businesses did.

If you roll the dice once, you can't expect to win once.

If you roll the dice 5 times, you CAN expect to win once. (expected value + bernoulli distribution)

If it takes 4 years to figure out if a business fails or succeeds (which it doesn't, it usually takes less than a year) then, on average, it'll take 20 years to have a successful business. That beats the snot out of working for 40 years and having $375,000 in a 401k at the end of it. F*ck that.
 
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Envision

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buy a fourplex and more inventory.
 

JDx

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You're interpreting the statistic wrong.

80% of BUSINESSES fail. Not people who start businesses.

Most of us have had failed businesses. We didn't fail, the businesses did.

If you roll the dice once, you can't expect to win once.

If you roll the dice 5 times, you CAN expect to win once. (expected value + bernoulli distribution)

If it takes 4 years to figure out if a business fails or succeeds (which it doesn't, it usually takes less than a year) then, on average, it'll take 20 years to have a successful business. That beats the snot out of working for 40 years and having $375,000 in a 401k at the end of it. F*ck that.

ZmXyo3C.gif


Exactly this. Thank you.

"It's not over until I win"
 
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Vigilante

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I'd put it all on RED, holding back $10 for the valet.
 
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GMSI7D

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ok guys, let's say i am wrong about stats and you are right.

i am not here to make you wrong, i am the frenchman in the american forum so i am the wrong one, i understand.

just show me that your business made you free

that's all i want to see; not your positive thinking.
 
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TonyStark

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ok guys, let's say i am wrong about stats and you are right.

i am not here to make you wrong, i am the frenchman in the american forum so i am the wrong one, i understand.

just show me that your business made you free

that's all i want to see; not your positive thinking.
Ze proof is in ze pudding.
 

jon.a

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ok guys, let's say i am wrong about stats and you are right.

i am not here to make you wrong, i am the frenchman in the american forum so i am the wrong one, i understand.

just show me that your business made you free

that's all i want to see; not your positive thinking.
We wouldn't know if you were French if you didn't make it important.
Nobody gives a shit that you are French.

Read the F*cking book and join the inside.

Oops, that guy wasn't the OP. Oh well, read the book anyway.
 
Last edited:

hayden0001

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After reading the book i saw a lot of other "Gurus" followed exactly the same footsteps as Fastlane's one...
I live in Italy, and have an amount of money due to a compensation of a past car accident.

75k precisely.

The point is: if I ask around me to people and friends, all i will obtain will be just "slowlane" answers like "put them in bank" or "buy a house" ...

I want to ask the same question here:

What would you do with 75k$?


if i was in your place i would purchase a house and rent it out, rent it out in a way charge per room yes it might cost you a bit in legal fees but i will do it that way so you get an income from it

hope this helps
 
G

Guest34764

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But here we must face reality : we have a 80 % probability to fail so keep that in mind.

I'm starting to think you have a fetish for statistics,I can't even be bothered to check if they're real or not and no one else will.

We don't have an 80% probability of failing.Perhaps that statistic is geared towards businesses failing, and if that is you should learn the difference between a failed person, and a failed business.They're different things.

Perhaps YOU have an 80% chance of failing because of all these useless statistics you post are finally getting to your head.
 

DuncDad

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Deposit in fixed term deposit. Then ask bank to loan me $375k to be secured against residential investments and 20% the term deposit. That would buy me 2 around my area. Then rent them and as values rise, have them revalued and once loans are less than 80% of revised values, ask bank to release term deposit. Then take $75k to another bank... Rinse and repeat


Sent from my iPhone using Tapatalk
 
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Supa

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ok guys, let's say i am wrong about stats and you are right.

i am not here to make you wrong, i am the frenchman in the american forum so i am the wrong one, i understand.

just show me that your business made you free

that's all i want to see; not your positive thinking.

The only things I read in your posts is self-pity and negativity..
 

luniac

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quit my job and use the money to pay my living expenses for the next 4 years while working on my fastlane fulltime.
 

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