The truth is we should stop chasing after faang and hight tc’s and focus on multiple streams of income . If not , you are just another corporate drone among the sea of millions running in an endless rat race Stop trying to out do your friend who makes fun of you because he works at google and you work at a lower tier faang. Stop trying to buy the newest Tesla and Gucci belts or a bigger apartment when you get a 10k bonus one year #personalfinance
Alright Socrates.
For real, wtf even is this post.
This assumes you've already accumulated enough wealth to have passive income streams, which either takes being born into wealth or.. you know.. working
You could innovate. Make a video game or an app that generates revenue
Rentals. Also, my dividend paying stocks generate about $40,000 annually.
Still that's way less than the 200k TC that people make here.
The dividend returns are awesome! Can you share more about strategy? Funds invested in, total amount contributed, # of years
Waiting eagerly for OP to propose his brilliant Pyramid scheme.
We still need to chase high TC if not FAANG. I wouldn’t have passive income sources if I didn’t have high TC. One door open up other doors.
The rich get richer. Need money to make money. Yada yada
You’re nobody unless you have committed your billions to The Giving Pledge and your salary is $1.
Don't just simply chase income either, or you'll end up with crappy assets.
Op I agree with u. I have created business and started income from other sources. This is pure USA thinking of being in service sector throughout their lives and depend on 401k. Btw, I don’t have a pyramid scheme. I have a small SAAS company. I’m not a Faang and neither do I care for a Faang.
And are you making more than 400k?
^ I think the correct question would be whether he is making more per hour of his time invested. If you are making 200k but only put in 10 hrs/wk you are far better off someone who is making 400k for 60 hrs/wk.
Op Btw the folks laughing on the forums are similar to folks who laughed and showed big pockets and their TC when McDonald’s or google or Facebook came into creation. They r not hustlers just pure cryers
Yeah they have the rent seeker mentality
Tru that. I guess Blinders even though have TC but don’t understand money =hustling. They only know their syllabus starts n ends with Leet code.
Any suggestions on what these income streams could be?
😂
Land; stocks; business etc