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What are the best ways to turn a successful business into wealth?
| When I grow up I want to be a pumo | 05/07/25 |
| good boy | 05/07/25 |
| metaphysics is fallow | 05/07/25 |
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Date: May 7th, 2025 10:12 PM Author: When I grow up I want to be a pumo Business makes low seven figures (shitlaw + real estate investing). And it's great. But it also involves tons of work, stress and financial risk. I want to get to the point that I have enough other assets that I don't depend on the business for anything. How do I get there?
It's very easy to have lifestyle creep. Trying to watch that. It's also hard to dump lots of cash into stocks because of liquidity issues. I have always tried to horde cash because I don't know what expenses might come up. But maybe it makes more sense to have that in the market?
One thing that I am trying to do is to buy the buildings that I use for my office locations, so that I'm building equity instead of renting. But finding the right deals is not easy. Lots of overpriced stuff out there. It's a work in progress. |
Date: May 7th, 2025 10:18 PM Author: good boy Use AI to plan all your business moves. It will make you rich (http://www.autoadmit.com/thread.php?thread_id=5721756&forum_id=2...id.#48912409) |
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Date: May 7th, 2025 10:18 PM Author: metaphysics is fallow buy buildings on other people's land (http://www.autoadmit.com/thread.php?thread_id=5721756&forum_id=2...id.#48912411) |