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- Thread starter bran987
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i am 22 yr old and dont have much cash , i want to start investing somewhere so that my money can grow and not just sit there, anyone deal with reit's??? and what are hyip's? are they good to get involved with, also someone who knows alot about finance should check out profitwallet.com looks very interesting but i want someone else to check it out to see if it is legit and what are the risks involved??
bran987
New member
-BMan- said:
congratulations on being one of the few people your age who care enough to start taking control of your investment future.
there is a lot to learn! you can start learning about REIT's at www.nareit.com
I looked at profitwallet.com and let me tell ya something my friend.. anyone who promised you 0.5% return per day.. run.. run away as fast as you can.. that is over 600% return compounded annually and anyone who says you can get that return just by depositing your money in their system will lose or steal your money even faster than you can give it to them. not even the best investors in the world can achieve those returns consistently. I don't know what scam they are running but it is definitely a scam.
I looked up HYIP's "high yield investment programs" looks to be more of the same like profitwallet.com
JustJacked
New member
crak600 said:
this goes fro bman as well. fellas, let me tell you somthing about investing. you dont need money. yeah thats right you can be broke as fuck and still make a million$. do you think the only people who invest are people with low incomes? hell no! rich people invest too. and the thing with these rich people is they got money to throw around. and they WANT to throw this money around. you would be surprised at how many people there are out there who are willing to lend you the money to invest. and im not just talking about banks. rich people want to lend you money. why? because they make money off of it. they loan you the money for a profit. and they dont pay tax on this money so it benefits them big time. most of these big companys in the US started off from a loan from other campanies. if you have an idea for a business, take it to the executives of these big companies and they will lend you the money. as long as they think they will profit from it they will throw you as much cash as possible. how do you think these big buisinesses dont crash when they dont make a profit in a quarter? because most of these big companies own shares in other compaies.
dont be scared of rejection. you might have to ask a a hundred people before someone wants to invest in your idea. but if its a good idea someone will lend you the money. trust me. get your game plan mastered and present yourself like a buisiness man and people will take you seriously.
I started off with a 30k loan from a wealthy friend. well he wasnt a friend when I took the loan but he is now. for this loan I made him a partner. 45% of all profits go to him. Hes made hundreds of thousands of dollars off of this investment. Now its me doing the lending! When someone comes to me with a buisiness plan that I think I will profit from I will lend them the money for a share in the business. now I dont have lots of money to invest like some some rich people but I can still invest a little. when I started off I had nothing. no money. all I had was an idea.
Here are some good books that Ive read. I recomend these if your serious about making money. and lots of it.
'the Finish Rich Workbook' and 'The Automatic Millionairs' both by David Bach:
excelent books if your making an average living. he teaches you haw to invest your money on an average salery so when you retire your a millionaire.
'What They Dont Teach You At Harvard Business School' by Mark H.McCormack: very good book if your a serious business man.
'The Millionaire Mind' by Thomas J. Stanley, Ph.D. :
Teaches you why these wealthy people are wealthy. what theirs lifes are like. how they think, what they do, everything about them. excelent book.
The Best Business Advice I ever Recieved' by Donald Trump:
good book. a collection of over 100 different executoves in america and the best advice they ever recieved.
'Real Estate Riches' by Dolf De Roos, Ph.D: This is my favourite book. This guy is a genius. He'll teach you how to get rich, and not just rich but filthy rich off of real estate. This is a must read for anyone who is serious about making money.
Hope this helps you guys out. anybody can suceed in life. you just have to believe in yourself. failure is not an option. if you get knocked down, get back up and try again. make friends not enimies. you are who you know. and remember, if you do something half-assed, then you get half-assed results. insipiration=motivation motivation=success! stay focussed on your goals and you can achieve anything you want. and there will be people who will try and bring you down and make you fail. stay away from these people! and never ever give up. once youve given up youve lost. its over.
Good luck to you all! hope to be reading about you in the Fortune 500 some day!
JJ
juve
New member
I don't have much experience, if any, but that's why I am in a Biz School - going to be lurking around here at times.
One thing I do want to share, and perhaps it is a res ipsa, but to educate the self I like to peruse multiple periodicals to get balanced opinions and simply stay up-to-date (WSJ, NYTimes, HBR, Businessweek, Forbes, Fortune, etc).
Haven't read any books though - we should have a thread going with highly revered authors/books to read.
One thing I do want to share, and perhaps it is a res ipsa, but to educate the self I like to peruse multiple periodicals to get balanced opinions and simply stay up-to-date (WSJ, NYTimes, HBR, Businessweek, Forbes, Fortune, etc).
Haven't read any books though - we should have a thread going with highly revered authors/books to read.
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