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  • SPX
    Senior Member
    • Aug 2009
    • 23875

    #1486
    Originally posted by MMA_scientist
    I remember when you quit your job a few years ago. I forget what the end game is here... are you trying to make a living writing MMA or something else?
    My goal, basically, is to be able to make money while also maintaining my freedom to have a flexible schedule to do whatever I want in life. You know, to stop punching a clock for the man, making money for HIM, and having to do what I'm told when I'm told.

    For a while (about 2 1/2 years, actually) between JustAnswer and writing I was actually doing decently and at least making enough money to pay all my bills and have a bit left over for other purposes. But JA has been REAL shitty lately and the writing has dropped from me often getting multiple pieces published a month to getting maybe one piece published every few months. Which is the opposite direction that I was hoping things would go. I was hoping that JA would keep getting better and more successful and the question volume would increase and that I would eventually expand out to having 4 or 5 articles published a month, every month.

    But I don't just want independence, I also want to make more money than ever. I'm really fucking sick of being broke. I want to have multiple revenue streams coming in at all times and I want them to total enough that if one suddenly went away completely I'd still be making a solid income.

    I'm not sure if you saw my post, but I'm studying right now to get certified as a personal trainer. I'd like to take a few clients on locally, but the real plan is to start an online personal training program. Basically, people sign up, pay a monthly fee that's a fraction of what it would be to have a trainer in person, and I create workouts for them and provide advice over the Internet. And, hopefully, it will get big enough to where I'll have too many clients to handle and I can then bring in other trainers to handle the overflow, let them do most of the work, and then split the profits with them. That could potentially turn into a real moneymaker if done right.

    Ultimately, at this point I'd like to have 4 different things going, with a total monthly revenue of $5K. That would certainly be more money than MY ass has ever made and it would be enough to where I could move into a bigger apartment, finally get a car, pay bills and still have enough left over for recreation and to do a bit of saving/investing.

    Let's say:

    1. Personal Trainer Website
    2. Writing
    3. Sportsbetting
    4. Maybe a part-time job from which I can easily take time off

    If all that could equal $4 or $5K a month I'd be pretty happy. But in order for that plan to work I'd have to a) get the trainer site set up and figure out a way to market it that costs very little money and get the word out, b) establish a relationship with 4 or 5 different publications and write for them regularly, c) go into PP mode or find some way to increase my unit size significantly, and d) . . . well, that's the easy one.

    All I know is that I don't want to get back into computer work and I don't want to re-join the 40 hr/week rat race. I refuse. I HAVE to get my own thing(s) going and going well. I'm 31 fucking years old, goddamn it. It's time to figure something out.
    I heart cock

    Comment

    • SPX
      Senior Member
      • Aug 2009
      • 23875

      #1487
      Originally posted by Luke
      Go look up the price for one share of Berkshire Hathaway
      GodDAMN! $170,000? What does that company even do?


      Originally posted by MMA_scientist
      I have some berkshire hathaway B shares.
      What are B shares?
      I heart cock

      Comment

      • MMA_scientist
        Senior Member
        • Nov 2009
        • 9857

        #1488
        Originally posted by SPX
        What are B shares?
        It means something different in different companies. But in Berkshire Hathaway, it just means you have no voting rights. It is a lot cheaper too, so you can get ownership in BRK.B for only $112 per share and get all the same benefits (if there are any, it hasn't done very well in quite a while).
        2012: +19.33
        2012 Parlay project: +16.5u

        Comment

        • MMA_scientist
          Senior Member
          • Nov 2009
          • 9857

          #1489
          Originally posted by SPX
          My goal, basically, is to be able to make money while also maintaining my freedom to have a flexible schedule to do whatever I want in life. You know, to stop punching a clock for the man, making money for HIM, and having to do what I'm told when I'm told.
          These are goals and I continue to support your efforts. My brother the drug addict has the same goals, only he gets food stamps (and he now has a kid)... so I don't applaud him. I support the idea completely, as long as you are not a drain on society or shirking responsibility. You don't have any known kids that you are failing to support and you haven't mentioned being on welfare, so I think you should keep living the dream.

          I will say that multiple income streams is important to me as well. I refuse to be at someone else's mercy for life.
          2012: +19.33
          2012 Parlay project: +16.5u

          Comment

          • SPX
            Senior Member
            • Aug 2009
            • 23875

            #1490
            Originally posted by MMA_scientist
            I will say that multiple income streams is important to me as well. I refuse to be at someone else's mercy for life.
            The thing that's struck me is just how easy it is for a source of income to go away. A job can lay you off, a business can fail, some shit like JustAnswer can kick you off the site, etc. In this day and age you really need to have multiple things going. I want have a solid enough system that if one of the pillar falls completely the house will still stand.
            I heart cock

            Comment

            • MMA_scientist
              Senior Member
              • Nov 2009
              • 9857

              #1491
              Originally posted by SPX
              The thing that's struck me is just how easy it is for a source of income to go away. A job can lay you off, a business can fail, some shit like JustAnswer can kick you off the site, etc. In this day and age you really need to have multiple things going. I want have a solid enough system that if one of the pillar falls completely the house will still stand.
              yeah, that's the idea. Earning income is half the equation, the other half is keeping expenses under control. You can be earning full time incomes from several sources, but if lifestyle inflation creeps up with every income increase, it doesn't do you much good.
              2012: +19.33
              2012 Parlay project: +16.5u

              Comment

              • SPX
                Senior Member
                • Aug 2009
                • 23875

                #1492
                You know I was thinking about something the other day.

                In this day and age, a million dollars isn't what it used to be. There was a time when people would say a million dollars would set them up for life. Now it's definitely considered a lot of money, but not something you could retire on at the age of 30.

                But I was thinking that if someone earned 1.2 million dollars in a year, that means they were earning $100,000 a month. That is fucking insane. A million dollars seems like a lot more money to me now.
                I heart cock

                Comment

                • MMA_scientist
                  Senior Member
                  • Nov 2009
                  • 9857

                  #1493
                  Originally posted by SPX
                  You know I was thinking about something the other day.

                  In this day and age, a million dollars isn't what it used to be. There was a time when people would say a million dollars would set them up for life. Now it's definitely considered a lot of money, but not something you could retire on at the age of 30.
                  You can definitely retire on $1m at age 30. You can't live super high on the hog, but you can have a pretty decent life without ever even touching the principle if you have $1m. Actually, my retirement number is $600k. Once I have that, I am done working forever.

                  It doesn't conjure up images of yachts and private jets like it used to though.
                  2012: +19.33
                  2012 Parlay project: +16.5u

                  Comment

                  • Svino
                    Senior Member
                    • Mar 2010
                    • 3873

                    #1494
                    Originally posted by SPX
                    You know I was thinking about something the other day.

                    In this day and age, a million dollars isn't what it used to be. There was a time when people would say a million dollars would set them up for life. Now it's definitely considered a lot of money, but not something you could retire on at the age of 30.

                    But I was thinking that if someone earned 1.2 million dollars in a year, that means they were earning $100,000 a month. That is fucking insane. A million dollars seems like a lot more money to me now.
                    It depends on how many people you're trying to support and with what lifestyle. With 1 Mil, even a meager 3% annual ROI will give you 30k per year indefinitely. You could live off that just fine (and of course, you should do better than 3%).

                    Comment

                    • SPX
                      Senior Member
                      • Aug 2009
                      • 23875

                      #1495
                      I'm talking about $1.2 million, period. I'm not talking about investing it, so there are no returns.

                      You could live for 40 years @ $30,000/yr. I agree you can live on $30K and have a pretty decent lifestyle. But if you retire at 30, you'll be broke at 70. So I guess it depends on how long you plan to live.
                      I heart cock

                      Comment

                      • Svino
                        Senior Member
                        • Mar 2010
                        • 3873

                        #1496
                        Originally posted by SPX
                        That's right, I now work at the Gap. I started training tonight.
                        You monster. http://money.cnn.com/2013/05/21/news...html?hpt=hp_t5

                        Originally posted by SPX
                        I'm not talking about investing it, so there are no returns.
                        Well... there's your problem.

                        Comment

                        • SPX
                          Senior Member
                          • Aug 2009
                          • 23875

                          #1497
                          Originally posted by Svino
                          Lulz. I should probably go up there and quit right now.


                          Originally posted by Svino
                          Well... there's your problem.
                          Well I'm talking about the value of a million dollars in and of itself, not about how it can be used to generate even more money.
                          I heart cock

                          Comment

                          • poopoo333
                            MMA *********
                            • Jan 2010
                            • 18302

                            #1498
                            If I won $1,000,000 on the lottery tonight, I would bring it to Vegas and put it on Cain Velasquez.

                            Comment

                            • Vandelay
                              Senior Member
                              • Nov 2010
                              • 1934

                              #1499
                              Why not just put it on a parlay of not hunt, cain, te huna, noons and maynard by sub? payout is about the same...Also Mark Hunt by tko is like plus 350. Hunt itd is plus 515

                              Comment

                              • SPX
                                Senior Member
                                • Aug 2009
                                • 23875

                                #1500
                                Let the UFC heavies be put on notice. . . The Warmaster is coming for they ass:

                                I heart cock

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