Planning the future, advices?

[intpz]

Sometime soon I will inherit part of the place where I live, which is (I think) worth about $70k. I can either keep living here in a separate room from my mom, somewhat private with either of these: black mold, windows that need to be prepared for winter every year because they are really old OR music from a neighbor, very cracked sealing, kids outside making noise. Or if I want, I can sell it, which means buying a new flat, which means I'm left with $10-15k if I buy a flat with various neighbor noise (paper walls, as we call it), venting system for potential diseases, 15m^2 to live in, maybe $30-70 more for taxes during the winter.

So my question is, what could I do with those (say) $15k? I wouldn't want to live in a flat described in that scenario for more than a year, and that's a question if I won't be insane by then. It basically offers shitty conditions with no verbal privacy.

I have an idea to invest, but as far as I know, the return is 10% a year, which is change in this case. Another idea I have is to s tart my indie game company, however there are no people who are even interested in that in this fucked up country, the best you can get is an average gamer or a hardcore CS/COD/F2PMMO gamer with 500Gb of pirated shit. Plus, all I could contribute is giving advices on the code logic and the idea and details for how the game should work. I can't code good enough to create a game, and I don't intend to learn it that well, as I am not very interested in coding, I'm interested in the result, which is my idea being alive.

I haven't had another good idea yet, so feel free to pitch in. Note, though, that I'll be bashful and critical, applying real situation facts while analyzing if it can be made into a real solution.

 

[DeadonDreaming]

Buy a Subaru, grow a beard :]

 

[Architect]

So my question is, what could I do with those (say) $15k?

I would invest it.

I have an idea to invest, but as far as I know, the return is 10% a year

Oh my, and where are you getting 10%?

A capital cushion is an INTPs best friend (but you're unsure about that )

 

[intpz]

I've read some articles on what profit do investors get. It's a potential loss in the first place, but it's relatively safe, which means I would do it. It said that profit usually is around 10-15% a year.

Apparently you think I am wrong, so I would appreciate if you'd enlighten me instead of bashing me for being unsure if I'm an INTP.

 

[pjoa09]

Go for the ones that give you dividends?

 

[Ex-User (5841)]

Things to consider/reconsider:

Perhaps you should revisit this: http://intpforum.com/showthread.php?t=13766

And I second investing it. Little to no work involved, it compounds quickly, and you can keep adding to it. Long term goals ftw.

 

[Architect]

I've read some articles on what profit do investors get. It's a potential loss in the first place, but it's relatively safe, which means I would do it. It said that profit usually is around 10-15% a year.

Apparently you think I am wrong, so I would appreciate if you'd enlighten me instead of bashing me for being unsure if I'm an INTP.

Bashing you? You've got an entire thread on the subject for gods sake.

Consistently getting 10%+ is very difficult and involves taking more risk then you want with that amount of money (basically your entire nest egg). Finally there is no investment that is relatively safe that gives 10%-15%, and the 'is a loser the first year' is a giveaway that they're taking your money.

 

[intpz]

@thehabitatdoctor Emigrating? Living expenses are significantly higher in the US, UK, CA or AU. I have the opinion that I've expressed there when discussing with @skip. There's too much risk, especially when the chance of getting a non-menial job is as slim as here, maybe even slimmer due to being an immigrant.

@Architect I have, so let's keep it in that thread, without having lesser views elsewhere, shall we?

About investing: I can't live from $1500 a year, therefore I still don't see this is a viable option due to the reasons mentioned in the OP.

 

[ℜεмїηїs¢εη¢ε]

Try to get a bargain apartment in a crowded area preferably near a university or something that you can rent to a tenant for a passive monthly income. Don't forget that you can always get a mortgage and use the rent money to pay for it! After a while you will own the place and you can choose whether to keep or sell it...

I can't really comment on stocks since I'm planning to invest for the first time next month... I got $200 for my birthday so I'm gonna start investing early so when I'm 62 I'll be a billionaire, muhuhuha.

 

[intpz]

Dude, you're forgetting that I have to live somewhere too. I also am not going to live in an even shittier place than now for longer than a year. So far, my conclusions stays that it is not worth selling this place, moving to a shittier place and investing for $1500 a year. Investing is only worth it if you've got a shitload of money AND a job that pays for shit you want.

I don't have a job and am still looking for one. Labor center doesn't help for shit either. I'm not likely to get a job any time soon...

 

[PhoenixRising]

Why don't you stay where you are until you have a stable job. That way, you can potentially save up money for a nicer place in the long run.

From the sound of it, I don't know how likely anyone is to buy the place you're at now. Mold, shitty windows, noisy neighbors, etc. are all things that buyers will be unhappy with. If you're in the States, the housing market is flooded, and it's hard to sell a brand new house let alone a old one. I'm not sure about the market in other countries. That said, if you want to sell your place, get it looking as nice as possible and put it on the market at least 6 months before your ideal sell date.

If you do manage to sell and have the 15k, I would suggest getting some extra schooling toward developing your indie game company. You say you don't have good coding skills, but you either need to be able to code, create characters and/or backgrounds, or do both. Being a start-up isn't easy, everyone working at a start-up company needs to have solid skills so that the company can have enough output to get a foothold in the industry.

 

[intpz]

Why don't you stay where you are until you have a stable job. That way, you can potentially save up money for a nicer place in the long run.

From the sound of it, I don't know how likely anyone is to buy the place you're at now. Mold, shitty windows, noisy neighbors, etc. are all things that buyers will be unhappy with. If you're in the States, the housing market is flooded, and it's hard to sell a brand new house let alone a old one. I'm not sure about the market in other countries. That said, if you want to sell your place, get it looking as nice as possible and put it on the market at least 6 months before your ideal sell date.

If you do manage to sell and have the 15k, I would suggest getting some extra schooling toward developing your indie game company. You say you don't have good coding skills, but you either need to be able to code, create characters and/or backgrounds, or do both. Being a start-up isn't easy, everyone working at a start-up company needs to have solid skills so that the company can have enough output to get a foothold in the industry.

It's a good place and an old house with 200 years old ornaments and shit. It belonged to one family back in the 1800s, now there's 10 families or so. The fixing will cost $10-20k tops, which isn't a big downside.

But anyway, they don't teach much good in programming around here, so I can learn solo at home. However I have little interest in that exact activity as mentioned earlier. I also have shitty memory lately, and 2-3 days a week I can barely think/get tired after going to the store, which is half an hour in total; that is, I theorize, due to the lack of food and mold and all the other shit that is going on around here.

Right now, I'm looking for a job, those assholes don't even bother to reply and tell me "no." Common courtesy would be nice... There are 5 jobs for IT available at the moment. Two require to have a car and driver's license, one requires knowledge in ~5 programming languages and pays $200 a month, two others require university degree. I still send out the CV, but if there is someone with a paper, I'm not getting a job; and I can guarantee you that there is.

 

[Hawkeye]

Since you can't play HL1 on your current computer, I suggest you invest in a better one

 

[intpz]

*Hits Hawkeye with a baseball bat repeatedly for 15 minutes and 26 seconds.*

 

[ℜεмїηїs¢εη¢ε]

Are you really interested in coding? That shit is hard, I tried it a couple times but gave up.

I recommend reading this:

http://www.changeagent101.com/lib/richdad.pdf

and then afterwards playing this game which simulates it:

http://www.richdad.com/Rich-Dad-Games/CASHFLOW.aspx

I know it might seem silly at first but it's a very good book.

 

[intpz]

I never said I'm interested in coding.

I can't promise that I read it, could you summarize it in a sentence or two?

 

[Valentas]

i have already read half the book. I can't stop and it is midnight here.

 

[ℜεмїηїs¢εη¢ε]

I never said I'm interested in coding.

I can't promise that I read it, could you summarize it in a sentence or two?

Oops! I missread that part about coding.

He talks about several things but here's some key points I learned from it:

Rich people:

• use money to make money
• minimize liabilities and maximize assets
• invest in things that are profitable right now, don't gamble
• use corporations to minimize taxes
• create passive cash flow

Poor people:

• trade their time for money
• have many liabilities and no assets
• don't invest or invest in things hoping they will increase in value
• pay a lot in taxes

Admittedly, I've only read three-fourths of the book but I'm working on it

 

[intpz]

I'm gonna comment on your summary points:

• I've realized that since I needed money for something that would make me happier and couldn't get it... 10 years ago?
• Minimizing liabilities is implicit. You have to be rich in the first place to have assets...
• That's not necessarily true. I think this way, however there are people who are okay with gambling a bit and they win 98% of the time. I'm a bit more careful.
• You have to be rich in the first place, and to get rich, you usually use a corporation to do just that and continue getting rich. Therefore, should be implicit unless you're an idiot.
• I've realized that 10 years ago.

And for poor fucks: he described poor people with implicit "get rich" statements, which is stupid beyond reason. I've commented on each of the points, but deleted it, as it was just me saying how illogical his statement is at the very roots of it.


Conclusion: the book sucks. Who needs an ass-wipe or a fire-starter?

 

[EyeSeeCold]

Oops! I missread that part about coding.

He talks about several things but here's some key points I learned from it:

Rich people:

• use money to make money
• minimize liabilities and maximize assets
• invest in things that are profitable right now, don't gamble
• use corporations to minimize taxes
• create passive cash flow

Poor people:

• trade their time for money
• have many liabilities and no assets
• don't invest or invest in things hoping they will increase in value
• pay a lot in taxes

Admittedly, I've only read three-fourths of the book but I'm working on it

I haven't read the book but does he say just Rich/Poor people or Resourceful/Wasteful Rich/Poor people? Otherwise it seems like he's making ignorant assumptions.

 

[ℜεмїηїs¢εη¢ε]

I'm gonna comment on your summary points:

• I've realized that since I needed money for something that would make me happier and couldn't get it... 10 years ago?
• Minimizing liabilities is implicit. You have to be rich in the first place to have assets...
• That's not necessarily true. I think this way, however there are people who are okay with gambling a bit and they win 98% of the time. I'm a bit more careful.
• You have to be rich in the first place, and to get rich, you usually use a corporation to do just that and continue getting rich. Therefore, should be implicit unless you're an idiot.
• I've realized that 10 years ago.

And for poor fucks: he described poor people with implicit "get rich" statements, which is stupid beyond reason. I've commented on each of the points, but deleted it, as it was just me saying how illogical his statement is at the very roots of it.


Conclusion: the book sucks. Who needs an ass-wipe or a fire-starter?

The points he makes are actually fairly obvious when read but it doesn't change the fact that poor people are stuck in a kind of paradigm of poorness that rich people don't have. You are in such a paradigm.

Your first problem is that you cannot be bothered to acquire assets. You know that it's possible, but something is stopping you from making the right choices to get there. Is it the fear of failing? Laziness?

You don't need to be rich in order to start to acquire assets, you just need to take the first step to getting there. It just depends on you, whether you want to get there bad enough.

Remember this link? http://www.richdad.com/Rich-Dad-Games/CASHFLOW.aspx
Make an account and play the cashflow101 flash game on that website. If you win the game I think you will much better understand what the author of the book was really talking about. Once you truly get the concept, just the understanding alone may provide enough motivation to get started.

This could be your first step. Make the choice of where you want your life to go. I don't know about you but I don't want to live my life with the poor person mindset. I would much rather fail miserably than not to try at all. My ego is simply too large to just sit there and let the world push me around. I'ma fking own it one day. Delusions of grandeur? It's only a delusion until I make it happen.

I haven't read the book but does he say just Rich/Poor people or Resourceful/Wasteful Rich/Poor people? Otherwise it seems like he's making ignorant assumptions.

If you are going to say he's being ignorant, explain how.

 

[EyeSeeCold]

If you are going to say he's being ignorant, explain how.

I haven't read the book so it would be ignorant of me to say he is, but the way you presented his ideas seem as if he comes from a dismissive point of view that ignores causal events. Again, if he's grouping all rich people and all poor people with the traits you listed and is not specifying by using descriptors such as resourceful/wasteful.

There is a difference between saying rich people are good with their money vs. resourceful rich people are good with their money, as you could easily make a case for the extravagant and careless.

 

[pjoa09]

All that book does is promote entrepreneurship and investing as means to become wealthy.

I read two pages and got bored.


He remembers being 9 year old very well.


Frankly, if you wanted to be rich wouldn't you just go through the richest people on Forbes and see how they lived their lives?

 

[intpz]

The points he makes are actually fairly obvious when read but it doesn't change the fact that poor people are stuck in a kind of paradigm of poorness that rich people don't have. You are in such a paradigm.

Your first problem is that you cannot be bothered to acquire assets. You know that it's possible, but something is stopping you from making the right choices to get there. Is it the fear of failing? Laziness?

You don't need to be rich in order to start to acquire assets, you just need to take the first step to getting there. It just depends on you, whether you want to get there bad enough.

Remember this link? http://www.richdad.com/Rich-Dad-Games/CASHFLOW.aspx
Make an account and play the cashflow101 flash game on that website. If you win the game I think you will much better understand what the author of the book was really talking about. Once you truly get the concept, just the understanding alone may provide enough motivation to get started.

This could be your first step. Make the choice of where you want your life to go. I don't know about you but I don't want to live my life with the poor person mindset. I would much rather fail miserably than not to try at all. My ego is simply too large to just sit there and let the world push me around. I'ma fking own it one day. Delusions of grandeur? It's only a delusion until I make it happen.

Could you describe what paradigm you think I am in?

Cannot be bothered? To require assets you need to be right prior, ever thought of that?

And what step is that? Oh, I know - it's PAYING for the asset... Wait a minute, doesn't paying require money? Oh shit, that means I've to be rich to buy an asset! There's a contradiction in your point man.

Motivation to get started with what exactly?

I've made that choice a long time ago, and I've mentioned that repeatedly. I don't give a shit who's mindset someone said it is, however you don't know my mindset.

So in short, you seem to be rephrasing the book rather than applying anything to my situation.

 

[ℜεмїηїs¢εη¢ε]

I haven't read the book so it would be ignorant of me to say he is, but the way you presented his ideas seem as if he comes from a dismissive point of view that ignores causal events. Again, if he's grouping all rich people and all poor people with the traits you listed and is not specifying by using descriptors such as resourceful/wasteful.

There is a difference between saying rich people are good with their money vs. resourceful rich people are good with their money, as you could easily make a case for the extravagant and careless.

The points for rich people make you richer while the points for poor people make you poorer. I'm not good at describing things so that would be my fault.

All that book does is promote entrepreneurship and investing as means to become wealthy.

I read two pages and got bored.


He remembers being 9 year old very well.


Frankly, if you wanted to be rich wouldn't you just go through the richest people on Forbes and see how they lived their lives?

Sure you could read about them but it's a lot better when you know concrete steps to take on your way there. Reading about them could give you more ideas so why not.

Could you describe what paradigm you think I am in?

Cannot be bothered? To require assets you need to be right prior, ever thought of that?

And what step is that? Oh, I know - it's PAYING for the asset... Wait a minute, doesn't paying require money? Oh shit, that means I've to be rich to buy an asset! There's a contradiction in your point man.

Motivation to get started with what exactly?

I've made that choice a long time ago, and I've mentioned that repeatedly. I don't give a shit who's mindset someone said it is, however you don't know my mindset.

So in short, you seem to be rephrasing the book rather than applying anything to my situation.

The paradigm is: "I can't" instead of "How can I?"

Like I said, you don't need to be rich to start.

1) Get a job (What a shock!)
2) Get a loan (What's that?)
3) Get an asset (Only rich people can get those! Oh wait the loan pays for that...)
4) Use the profits from the asset to pay for the loan. (What sorcery is this?!)
5) ...
6) Profit!

It's more complicated than that but that's basically how it works in the beginning. Please, at least play the damn flash game before you post again. If you still think this doesn't make sense then tell me your idea, please. I'd love to hear it. (No, really.)

 

[intpz]

The paradigm is: "I can't" instead of "How can I?"

Like I said, you don't need to be rich to start.

1) Get a job (What a shock!)
2) Get a loan (What's that?)
3) Get an asset (Only rich people can get those! Oh wait the loan pays for that...)
4) Use the profits from the asset to pay for the loan. (What sorcery is this?!)
5) ...
6) Profit!

It's more complicated than that but that's basically how it works in the beginning. Please, at least play the damn flash game before you post again. If you still think this doesn't make sense then tell me your idea, please. I'd love to hear it. (No, really.)

I was thinking: "Eh, alright... I'm gonna play it," but it says "sign up," so I thought "fuck it." Now! To the rest of the post: I've heard this "don't think I can't, think how can I" bullshit numerous times, on various sites, from various people who were bullshitted by those sites or by some interview of a guy who wrote 10 "get rich in 10 days" books. We gotta clean that shit up boys! *sends a cleaning crew to ℜεмїηїs¢εη¢ε's head.* It's a fucking brain wash to make people buy more "how to get rich in 10 days" products: T-shirts, books, video tapes, subscriptions, games, condoms, car stickers, or whatever the fuck else you can get on this subject.

1. Getting a job, or a job that allows you to save at least a couple bucks a month isn't always possible, some countries mostly offer jobs with very low salaries, and ironically requirement for hard work in exchange. Conclusion: bullshit step!
2. You do know that loan takes about 10% a month extra, right? You probably don't know that you have to get more than minimum salary (which is what they pay for low-grade jobs here) to get more than $1.3k loan? Although you can't get a loan with the minimum salary at all actually. The average salary (which you should consider yourself lucky to get) is enough for $4.2k, which is far from enough to buy an asset. And by the way, you gotta have a job for 6 months before getting a loan. Conclusion: even bigger bullshit step.
3. This one is invalid since 2 is void.
4. 3 and 2 are void, therefore it's invalid.
5. Empty?
6. You mean the gutter; that ain't profit.

Yes, it is more complicated than that. Knowing only the general idea, especially when it's proposed by some bullshit book, isn't enough to make a conclusion like that.

 

[ℜεмїηїs¢εη¢ε]

Are you saying you can't get a mortgage where you are?

 

[intpz]

Are you saying you can't get a mortgage where you are?

You should re-read the whole post.

 

[ℜεмїηїs¢εη¢ε]

You should re-read the whole post.

If you are talking about your lack of a job then that's irrelevant. Wait until you get one, then start. What country do you live in anyway? Perhaps I am not aware of your level of poverty.

 

[intpz]

If you are talking about your lack of a job then that's irrelevant. Wait until you get one, then start. What country do you live in anyway? Perhaps I am not aware of your level of poverty.

I guess you are not; I am not going to share my country name.

However, in this country, $10k/year is considered way above the average salary. Divide that by 3 - 3.5 and you'll get the average legal salary. Divide that by 4 - 4.5 and you'll get the average illegal salary.

Now think about that when having in mind food prices that are the same or, according to people in UK, Germany, Belgium, Spain, Canada and US, some even higher food prices. We do pay cheap taxes for home, though in winter they rise up to the US level taxes, and for some that's to live in 10-15C INSIDE, like us. That lasts for maybe half a year or so.

 

[ℜεмїηїs¢εη¢ε]

From the data provided, I have narrowed you down to:

India, Pakistan, or Tajikistan.

You say that you do not want to emigrate but you are surely going to make more money here in the US. If you can get a job as a garbage collector you might make around $43,000 a year. That $70k is great money to start with if you can get it, more than most young people start out with. Not getting out of that shit hole when you have the chance to seems wasteful to me, especially since your English is so good.

I know my mom made the right decision when we moved over here from Russia ten years ago. She married an upper middle class guy with a good salary and a $2000 military pension when he retires. We own a house and an apartment that only has a $200 monthly electricity/water bill. Hell, they could retire right now with just the $2000 pension at 45. My grandparents on my step-father's side are going to fully pay for my college tuition because they happen to be millionaires. You know how they became millionaires? The exact same way described in that book. Grandpa bought several houses and rented them out, using the rent money to pay for the mortgages. After many years he had many payed off houses and still had checks coming in the mail from the rent. He sold many of them and made a huge profit. He still has three houses left that he lives in, moving around as he likes.

I'm telling you, that book isn't bullshit. You can do it if you really, really want to. Obviously I have a huge starting advantage, but that doesn't mean it's not possible for you.

 

[intpz]

You say that you do not want to emigrate but you are surely going to make more money here in the US. If you can get a job as a garbage collector you might make around $43,000 a year. That $70k is great money to start with if you can get it, more than most young people start out with. Not getting out of that shit hole when you have the chance to seems wasteful to me, especially since your English is so good.

I know my mom made the right decision when we moved over here from Russia ten years ago. She married an upper middle class guy with a good salary and a $2000 military pension when he retires. We own a house and an apartment that only has a $200 monthly electricity/water bill. Hell, they could retire right now with just the $2000 pension at 45. My grandparents on my step-father's side are going to fully pay for my college tuition because they happen to be millionaires. You know how they became millionaires? The exact same way described in that book. Grandpa bought several houses and rented them out, using the rent money to pay for the mortgages. After many years he had many payed off houses and still had checks coming in the mail from the rent. He sold many of them and made a huge profit. He still has three houses left that he lives in, moving around as he likes.

I'm telling you, that book isn't bullshit. You can do it if you really, really want to. Obviously I have a huge starting advantage, but that doesn't mean it's not possible for you.

I never said that I don't want to emigrate, instead I have stated multiple times that I do and I will whenever the opportunity arises.

I am not going to work as a garbage collector, it's one of the worst jobs for your health there is. I'm also not going to get a job that I do not enjoy, because that is torture, unless it isn't hazardous for my health, doesn't require me to be a huge hypocrite and could end up with me having a high amount of money within a year to create a business while also having enough money to live by for at least half a year to a year, until the business begins to generate revenue. However that is impossible. Also, my plan for having a game company to live from is fluctuating by a great deal - I would need a lot more detail on it, as I've read that game developers actually PAY to release the games, they don't get any revenue or very little. There was a huge thread about me and a job that I'd get somewhere. Also, my accent is pretty bad, or at least I think so.

Well you are lucky then. I don't have a mom who could marry someone who'd pay for everything. She wouldn't even more outta here, she can't speak English, not even say hi and are against change.

You're right, it doesn't mean that it's impossible for me, however it does mean that it is extremely unlikely for me, and compared to you (taking your example), very, VERY close to impossible. Another thing is, economy is going down and will continue so for at least 2 or 3 years. This wasn't the case 10 years ago, in fact, I remember hearing on TV about 10 years ago that the housing industry was booming (not sure if it was local news or not though).

 

[ℜεмїηїs¢εη¢ε]

Oh so you do want to emigrate? This gave me the wrong idea:

@thehabitatdoctor Emigrating? Living expenses are significantly higher in the US, UK, CA or AU. I have the opinion that I've expressed there when discussing with @skip. There's too much risk, especially when the chance of getting a non-menial job is as slim as here, maybe even slimmer due to being an immigrant.

I didn't read your other thread before this one so...

The garbage collector thing was just an example but chances are you are going to do something you don't want at least for a little while.

I'm not sure, but perhaps you could get a job as a translator from your local language to English?
Translators sometimes get serious cash
When you have already immigrated, have a place to live, and have a regular income then you can start with the whole passive income thing if you're interested.

 

[pjoa09]

I am sorry for using Wikipedia and attacking authors but "Kiyosaki's books and teachings have been criticized for focusing on anecdotes and containing little in the way of concrete advice on how readers should proceed.[45] Kiyosaki responds that his material is meant to be more of a motivational tool to get readers thinking about money rather than a step-by-step guide to wealth. He also says the books are supposed to be "interesting" to people, which precludes involving a lot of technical material.[46]"

And don't buy a bunch of houses and put them on rent, it's not that simple. I mean your grandfather may have become a millionaire but there are different times when the real estate business is profitable in different areas. It's really a hit or miss. Hear the horror stories too.

No one talks about that stupid house they bought when the real estate business was on the peak of the bubble and now they are Citibank's slaves.

I am not anti-make-money. I just think that money as a motivator is pretty shit. I come from a country that the average fresh university graduate hits $12k and he doesn't earn much more in the years to come. Loans kill people where I live. I see businesses open and close within a couple of months and I just smirk thinking about their debt.

I just don't like the idea of buying a book that has a title that fine prints "get rich now". That being said I do have one investor book because I was quite interested in Benjamin Graham's value investing. You know what it is. It's very interesting how complicated and simple the stock market can be at the same time.

edit : Thought at first not to add this but his company also filled bankruptcy according to Wikipedia, there is a source too. Not the guy I'd ask for advice from.

 

[ℜεмїηїs¢εη¢ε]

I know I almost seem like I'm trying to sell you something but I actually appreciate hearing the other side of the story, I want to know about the things that may stop me before I start making huge mistakes. I googled Benjamin Graham and found a free copy of his "The Intelligent Investor" book online which I intend to read soon...

 

[pjoa09]

I know I almost seem like I'm trying to sell you something but I actually appreciate hearing the other side of the story, I want to know about the things that may stop me before I start making huge mistakes. I googled Benjamin Graham and found a free copy of his "The Intelligent Investor" book online which I intend to read soon...

Not really, you are simply sharing links. Discussing is a form of entertainment.

There is one thing no doubt, you get to eat first when you are the boss and you get the biggest piece. That being said, entrepreneurship is a nice way to say you won't sleep at night peacefully for the rest of your life. You really have to enjoy what you do in order to keep up with starting a business. I spend a lot of time watching my dad and he has nothing other than business in his head.

 

[intpz]

The garbage collector thing was just an example but chances are you are going to do something you don't want at least for a little while.

I've stated my criteria for that; I can do what's not hazardous for my health up to a year, then fuck it. Before beginning to do it, though, I'll have a realistic plan that concludes exactly that outcome.

I'm not sure, but perhaps you could get a job as a translator from your local language to English?
Translators sometimes get serious cash

Most stuff is in Russian here, English is barely needed. People are expected to speak Russian if they live here, and if they come here.

When you have already immigrated, have a place to live, and have a regular income then you can start with the whole passive income thing if you're interested.

This is utter bullshit. What you just said depends entirely on various small details, and in most cases I doubt it's possible. Once again, you should look at such things realistically.

@pjoa09 you've commented quite a lot on my behalf.

I know I almost seem like I'm trying to sell you something but I actually appreciate hearing the other side of the story, I want to know about the things that may stop me before I start making huge mistakes. I googled Benjamin Graham and found a free copy of his "The Intelligent Investor" book online which I intend to read soon...

Stop getting your brain washed, will ya?

There is one thing no doubt, you get to eat first when you are the boss and you get the biggest piece. That being said, entrepreneurship is a nice way to say you won't sleep at night peacefully for the rest of your life. You really have to enjoy what you do in order to keep up with starting a business. I spend a lot of time watching my dad and he has nothing other than business in his head.

Why do it if you not enjoy doing it?

 

[Valentas]

Yes it is truth about huge commitment needed to run a business...There was a TV show recently and very successful people confirmed that they just live in their business. It's their lifestyle and they feel alright because they want to live like this. So I guess it's nothing wrong with dealing with business constantly if you like it. It's the same for some hardcore doctors who get up early and sometimes stay in a hospital for 36 hours or longer...it's their life and they may feel okay. Also money is nice.

 

[intpz]

And a chance of a bum with TB sneezing at your face. Fuck being a doctor.

 

[ℜεмїηїs¢εη¢ε]

Stop getting your brain washed, will ya?

If you were in my position what would you do?

 

[intpz]

If you were in my position what would you do?

I don't know your position, aside from your grandparents getting rich from it.

If you're talking about that fact, I wouldn't give a shit, I have my own opinion, I don't base it on past experiences, especially when those experiences are of others'.

 

[ℜεмїηїs¢εη¢ε]

Jog east and swim across the Pacific Ocean to California

 

[intpz]

Note that I'm referring to your reference to the position in the first place.

 

[pjoa09]

@intpz Yeah that is the point, Kiyosaki thinks oh you just got to be the boss. That's easy. Well, unless you really like meetings, talks, schedules, arguments, and all that other crap that you really can't give a shit about, its quite not enjoyable.

 

[intpz]

@pjoa09 instead he seems to point out the obvious, if we're talking about those points. If not, then most books have the idea "be the boss," that's all...