Anonymous
03/23/2023 11:56
Subject: Risks (in your opinion) that you took financially that paid off?
Took huge debt to relocate from India to US for our masters in technology/business
Anonymous
03/23/2023 11:54
Subject: Risks (in your opinion) that you took financially that paid off?
Anonymous wrote:Anonymous wrote:I took a $7K credit card advance to start a business about 20 years ago. The business paid me about $30M over the last 20 years and I sold it for another $10M.
I’ve had some major grand slams in real estate as well but not sure anything compares with the business.
Wow what kind of business?
Insurance.
Anonymous
03/23/2023 11:02
Subject: Re:Risks (in your opinion) that you took financially that paid off?
Anonymous wrote:Switching to a sales oriented job that is commission based. Make so much more now and work so much less.
Can I ask what company? I'm interested in this, but so many sales job posts sound like scams.
Anonymous
03/23/2023 10:27
Subject: Risks (in your opinion) that you took financially that paid off?
Left my big brokerage firm to open a small, independent financial planning and investment firm. Income up over 4x in 8 years, love going to work, feel pride in owning my own business.
Anonymous
03/23/2023 10:25
Subject: Risks (in your opinion) that you took financially that paid off?
So real estate for most ... Must be nice
Anonymous
03/23/2023 08:18
Subject: Risks (in your opinion) that you took financially that paid off?
Anonymous wrote:I took a $7K credit card advance to start a business about 20 years ago. The business paid me about $30M over the last 20 years and I sold it for another $10M.
I’ve had some major grand flames in real estate as well but not sure anything compares with the business.
Wow what kind of business?
Anonymous
03/23/2023 08:13
Subject: Risks (in your opinion) that you took financially that paid off?
Overstretched on a purchase of a new home in 2017 for about $1.2M. The house has appreciated about $1M in 6 years.
Anonymous
03/23/2023 02:03
Subject: Risks (in your opinion) that you took financially that paid off?
Nothing as extreme as the other business owner, but we started our own business 38 years ago and have enjoyed a nice living. At the same time, we bought a 4-br suburban house for $155,000 that was out of our reach (and this was before we had our kids), and now the house is paid off (and it's worth about $700,000).
Anonymous
03/23/2023 01:46
Subject: Risks (in your opinion) that you took financially that paid off?
We bought a beach house in 2017 which at the time seemed like a very rash move.
Just checked Zillow/Redfin and it's officially doubled in value over what we paid.
Now there were probably ways we could have made more money with that money but we've had 6 summers at the beach and a ton of memories.
Just checked Zillow/Redfin and it's officially doubled in value over what we paid.
Now there were probably ways we could have made more money with that money but we've had 6 summers at the beach and a ton of memories.
Anonymous
03/23/2023 01:00
Subject: Risks (in your opinion) that you took financially that paid off?
Anonymous wrote:Paid cash for what we thought was an expensive house in 2017. House value has increased by a million dollars in 6 years.
In retrospect that seems like a bad deal, you could've got a mortgage at 3% and let the 80% ride on the stock market and still made your million in equity, but also double the initial 80% in the market.
Anonymous
03/22/2023 23:13
Subject: Risks (in your opinion) that you took financially that paid off?
Paid cash for what we thought was an expensive house in 2017. House value has increased by a million dollars in 6 years.
Anonymous
03/22/2023 23:01
Subject: Risks (in your opinion) that you took financially that paid off?
I took a $7K credit card advance to start a business about 20 years ago. The business paid me about $30M over the last 20 years and I sold it for another $10M.
I’ve had some major grand flames in real estate as well but not sure anything compares with the business.
I’ve had some major grand flames in real estate as well but not sure anything compares with the business.
Anonymous
03/22/2023 16:10
Subject: Risks (in your opinion) that you took financially that paid off?
Really stretched for our first house. Sold 5 years later and the profits let us upgrade and have lower payments
Anonymous
03/22/2023 16:02
Subject: Re:Risks (in your opinion) that you took financially that paid off?
Switching to a sales oriented job that is commission based. Make so much more now and work so much less.
Anonymous
03/22/2023 15:35
Subject: Risks (in your opinion) that you took financially that paid off?
I put $5000+ on my CC to relocate to a significantly higher paying job