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  1. #11
    Join Date
    May 2000
    Location
    Beyond The Wall
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    36,324
    Mine

    Quote Originally Posted by apamburn View Post
    I get it. As I've looked for ideas I found that about 99% of everything I read is just BS.

    I've looked into everything from app development given my skill set to real estate to retail.

    So far about the only thing I've determined is that retail is for the birds. Profits on almost anything that's being sold are frankly razor thin even with dealer discounts.

    Amazon destroyed retail. If others can get what you sell elsewhere, they will spendcan hour to getca dime off the price

    And based on that it also seems money is really in services or selling things you create. In other words, selling the things you know how to do and selling the things you know how to make.

    Yes...but. I suggest reading Purple Cow. Look at the Glock market. We werecthe first withbred dots, slides, triggers, and just about everything else. Fact of history. Now everyone is doing it and making money on Glock is like trying to make money on ARs.

    In business you always need to be moving, innovating, abandoning, and grasping and moving

    Alternatively I believe real estate to be a good income source but it has a relatively high cost of entry and in the short experience I have with it can be as unprofitable as it can be profitable.

    I have a rather pessimistic view of the stock market in general. I trust it about as much as I trust sleepy Joe.

    Depends how you do it.

    But then again I'm not well versed in these things by my own admittance. Perhaps I'm simply wrong on all of this.
    Gabriel Suarez

    Turning Lambs into Lions Since 1995

    Suarez International USA Headquarters

  2. #12
    Join Date
    May 2000
    Location
    Beyond The Wall
    Posts
    36,324
    Agree 100% on Ramsey


    Quote Originally Posted by Allen View Post
    Stay away from Dave Ramsey. Doesn't encourage critical thinking and pushes some crap products. It's good for people who need a 100% rote do and don't think system. I'm sure that jesselp will tell you the same, but structured products or anything with a large upfront fee or commission is going to bite you.

    With the caveat that everything Tony does is a marketing funnel ( in this case both for some structured products he has a stake in and for his financial planning co), his book does a good job of explaining what most of the options out there are, how they work and, where the product, salesperson or broker are going to get you. It's IMO worth the $20, coming from a guy who's in finance, and who grew up with two parents who both worked in finance.

    https://smile.amazon.com/MONEY-Maste...s%2C129&sr=8-1
    Gabriel Suarez

    Turning Lambs into Lions Since 1995

    Suarez International USA Headquarters

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