How I got wealthy without working too hard
amaca.substack.com
How I got wealthy without working too hard
1–10 of 30 posts
Re: How I got wealthy without working too hard
#2What good is wealth if you are living in a boring old town with nothing to do? Also this would obviously not be true if you have a family because kids are a money sink.
Re: How I got wealthy without working too hard
#3> Do this for 7 years while investing most of your salary in a diversified portfolio. Don’t go too crazy with Crypto.
In a bullish market, like last decade. This will work. This suggestion does require you to do sufficient research in financials.
Re: How I got wealthy without working too hard
#4People underestimate how much wealth can be built using leverage and 100k a year invested income. Yes, markets go down, but over a 10 year time frame you will have enough to retire.
Re: How I got wealthy without working too hard
#5>Take a $ 500-1000 / day, full-remote job. If you can’t find them, I’ll post a bunch.
lol yeah that is the rub. flagged, sorry. this post is terribe
Re: How I got wealthy without working too hard
#6Title seems needlessly editorialized (and presumably submitted by the author). Actual post title is more accurate to the content:
"How to become a millionaire without coding too hard"
Re: How I got wealthy without working too hard
#7What good is wealth if you are living in a boring old town with nothing to do? Also this would obviously not be true if you have a family because kids are a money sink.
Why do you need to be in boring old town? You can be at the beach, in big low-cost city in Latin America etc
Re: How I got wealthy without working too hard
#8What good is wealth if you are living in a boring old town with nothing to do? Also this would obviously not be true if you have a family because kids are a money sink.
Boring old towns often come with cheap space, something that's impossible to find in big cities. With space comes infinite possibilities. Set up a 1/4 acre farm and see how much can be automated. That'll suck all the free time out of a day.
Re: How I got wealthy without working too hard
#9There's some rather big leaps here.
First of all you need a skill to do this. If you aren't already pretty good at coding, how are you going to get the work? This is like saying we can all represent our country at the Olympics, just pick an easy sport.
Investment returns... how do you say this politely? If you already know the market is going up, why don't you just borrow money and go long the market?
Also, taxes. It might make sense to talk about how to minimize this, because it's going to be one of the biggest outgoings. Move to a tax haven if you're gonna be remote anyway. Malta, UAE, etc.
Re: How I got wealthy without working too hard
#10Sorry but being a dollar millionaire isn't the same as wealthy.