Building Wealth | TheRedPill

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p3ndulum

Posted 10y ago in Off Topic - Permalink - Locked - 82 Views

Just thought I would share some information with those of you who are interested in wealth building strategies but aren't really sure where to start.

First, I would recommended reading The Richest Man in Babylon by George S. Clason before anything else. It will show you what you can start doing today, with the money you're already making - regardless of how much - in an effort to start "fattening your purse".

Then follow Mike Dillard on Twitter, and check out his website.

Mike was arguably the most successful internet marketer and teacher on the planet before he got out of that and into "wealth building", exclusively. His network of friends includes numerous hundred million and billionaires, which he has interviewed and gotten them to share their own wealth-building strategies and principles (including how to create your own bank).

Again, this is only information. Do with it as you wish. I'm making no promises, and your mileage may vary, etc etc.

Cheers,

p3n

Edit - Just personally subscribed to some related subreddits that might interest you:

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whiskey_bearfist 10y ago

this is the kind of stuff i like to read. The sexual strategy stuff we discuss is great, but I like pulling back the curtain of other areas in life. I graduated with a degree in Accounting, working on becoming a CPA, but it isn't my passion. I want to build an empire. I want my grandfather who built his own empire to see that at least one of his sired grandchildren is worthy.

ill check out your resources for sure.

p3ndulum 10y ago

It's funny, I was hesitant about posting this, but felt like it was important still - and nobody was "going there".

After reading "The Richest Man in Babylon", I became angry about not having had it introduced to me while I was still in high school. I thought "they've done an excellent job at teaching/training me to become dependent on other people and systems, but they hadn't taught me anything about building wealth and becoming financially smart and independent."

It's nice to vent our frustrations about the opposite sex, and talk about what really works vs. what we've been taught that works, but there are so many more "pillars" to life that aren't being discussed here.

With that being said, it could be argued that everything that we're taught in school is very "blue pill" from a financial perspective.

"Go to college, get a degree and find a good-paying job." But the truth is that you're probably going to spend $40,000 on an education that is going to get you a job that is going to pay you $40,000/year. Then you'll be expected to pay it all back while you're being inundated with an unrelenting stream of marketing, while trying to balance all your other bills and expenses at the same time. The result? You stay in debt for your whole life, never getting to explore this world much because you've been psychologically chained to your routine, never really being able to afford to break free.

We have the opportunity - especially with access to the internet - to share and explore other wealth building strategies.

It would be hard to argue that you can't get much more "alpha" than being somebody who is completely free of financial worries or burdens.

And more than that, be able to leave a certain kind of legacy that teaches your children (should you choose to have them) how to do more, be more, and make a bigger difference in this life.

Or, like some other responses have already implied, you could make the decision to not trust the information because it's new, make no effort to educate yourself on the subject, and then go back to your job - where there is no guarantee of income if you were to find yourself in a position where you're not able to work anymore. If that's what makes you happy. I'm sure there will still be people in your life that will love you for who you are.

Anyway, hopefully this can become a place where people will share all of their good information about the topic.

favours_of_the_moon 10y ago

http://thehatefulnerd.livejournal.com/5030.html

Read Vigilius's overview. I taught him everything he knows.

Richest Man in Babylon is a great parable, iirc. Take 10% of everything you make and put it in gold and silver. You will retire wealthy within a decade.

We are in a commodities boom, which will last until at least 2020. Mid60s-1982, commodity phase. 1982-2000 stock market phase. 2000-present, commodity phase.

AlwaysLateToThreads 10y ago

Time to get rich.

Big_Man_On_Campus 10y ago

Mike was arguably the most successful internet marketer and teacher on the planet before he got out of that and into "wealth building", exclusively. His network of friends includes numerous hundred million and billionaires, which he has interviewed and gotten them to share their own wealth-building strategies and principles (including how to create your own bank).

Why should I trust an internet marketer to know the "secrets" of the rich for getting wealthy? This really sounds like a spam post on TRP.

p3ndulum 10y ago

Don't. I don't give a shit.

[deleted] 10y ago

Most of this stuff is bound to be bullshit, because the market is very, very difficult to beat. There are genius level people with 30 years of experience working 80 hour workweeks figuring out which way the market will go - handing not only their own wealth but that of their clients. It's not something you can beat with investing a few hours per weak.

But you can control what you spend. A cent not spent is a cent earned. Frugality does not require beating the market. it is better to figure out how to spend less, that you can, and simply put it into safe investments.