True Red Pill Financial Planning

Ganaria_Gente · 2017-03-25T01:39:37+00:00

One thing I learned from RP: this sub is great to understand why you should lift. But it is terrible for actual lifting advice.

Another thing I learned: it's also terrible for financial advice.

There are far far better sub reddits to get financial info and strategy. Investing in yourself and your future is important. That does not equate to equate to owning your own biz. Biz failure rates make divorce rates look healthy. Or off shore investments or tax sheltering.

RP is better for other purposes

jimjackjoe · 2017-03-25T02:05:24+00:00

This is so broad and abstract as to be completely useless to most people. You do realize most people are on a level where investing in a 401k would be a step in the right direction?

You're skipping like 10 levels ahead without backing it up with anything or bothering to explain the first step. I doubt you are actually rich because your writing is poor. However, you may very well be rich and knowledgeable on these vague things you talk about. But that's the good thing about redpill (the subreddit): no matter who you might be in real life, if your writing is poor and empty, you're not going to get anywhere.

Writing is the great equalizer on Redpill. Look at the way every EC writes. They're either flat-out good writers or have such vast knowledge/experience, they make their writing good via realness of content (old skool OG "ultimatecad" was a good example, but his account is deleted now).

Anyway, kind of lame for me to post a screed on writing, but your post got me thinking about it.

bobjoe177 · 2017-03-24T23:20:19+00:00

If you incorporate your business and make your assets property of the company then they can't be taken as easily.

Throwawaytodaytfp · 2017-03-25T07:04:18+00:00

Been here about 3 months and I don't think I've seen a Financial post before - I was beginning to wonder if they ever cropped up at all.

It's a difficult area to get into and some advice can lead to you building a cottage industry where you are working for your money rather than your money working for you. Talking in broad strokes you are best off trying to maximise your earning potential, being super-harsh on yourself regarding spending and acceptable debt levels (preferably none) and investing as wisely as possible (stock if you feel confident, assets, partic real estate, if you don't) and as for protecting what's yours this is an immensely tricky area that I don't think a solid answer exists for...as yet.

Other than "don't live with her, form a relationship with her, marry her or have a child with her" - that will deffo work...and if it doesn't the Law is no longer justice-based....

mntwins001 · 2017-03-25T05:19:56+00:00

Or only get married after signing a prenup so you don't have to waste your time with a shell game such as described.

[deleted] · 2017-03-25T09:23:19+00:00

It'd be better if everyone skipped this thread entirely.

beginner_ · 2017-03-25T10:15:12+00:00

Can't this be spelled out in 1 sentence?

Don't get married.

Then you don't need all this stuff unless you are really rich and might have random strangers gunning for your money.

abclucid · 2017-03-28T04:06:21+00:00

You're 52 fucking years old and have diabetes I knew you were a failure...

Unexpected_Artist · 2017-03-25T10:18:51+00:00

Why not just have a Nevada corporation? Unless I'm mistaken, the owner and assets are confidential? Thus it's a one-stop shop for owning a house, and "renting" it. But profits/tax, and incorporation costs may be factors to consider here.

Title	True Red Pill Financial Planning
Author	topapito
Upvotes	28
Comments	22
Date	March 24, 2017 10:17 PM UTC (9 years ago)
Subreddit	Posted in /r/TheRedPill
Original Link	https://old.reddit.com/r/TheRedPill/comments/61c339/true_red_pill_financial_planning/
Archive Link	https://theredarchive.com/r/TheRedPill/true-red-pill-financial-planning.42078 https://theredarchive.com/post/42078

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