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Leveraging Money to Your Advantage?
#26

Leveraging Money to Your Advantage?

Let me tell you as an owner of a supercar: It doesn't GET you pussy, it does however help you maintain it. I bought it because i'm crazy about cars since I've been a little kid, not because of other people.

I have amassed quite a good amount of money myself and I don't see myself spending more than the OP per month either, even with an expensive car. Why?

I live in Eastern Europe, that's why.

Taxes are low, fixing a supercar isn't really as expensive as in the west (parts same cost, labour around 1/4) and I live in a sick pad that costs me around $1.1k a month. My custom made suits were all tailored during a visit to Bangkok and if I now want to order more of them, all I need to do is get the measurements taken here at the local tailor and 4 weeks after, I'll have 2-3 new tailored suits for 1000$ waiting for me at the post office.

I still have a lot of cashflow laying around, 0% debt and I'm thinking of buying the place I'm in currently instead of feeding the landlord even more money long term.

If I had to choose, I'd probably go this way:

#1 Join a business club. Power people usually know the hottest girls.
#2 Get a decent place. I've grew up in a shit area and I can't tell you how much nicer it is to wake up with sea view than to some backyard if you're hungover or the day before was shit.
#3 Get decent clothing going. Don't have to walk around suited down 24/7 but you can hire a fashion school student from craigslist to assist you with shopping.
#4 Get a sick car, if you like sick cars. If not, then just don't. I said it helps you maintain the girl because even if you're just a ONS, if she's being driven home in a supercar... no girl wants to pass up on that rich charming and good looking business man.
#5 Get a personal trainer if you're not in shape. It'll go double as fast and you will feel better.

(Bonus) Get some wealthier friends together and spend 10k on christmas presents for kids in need. It'll get your name in the press (girls googling your name [Image: wink.gif] and you will feel better about yourself too [Image: smile.gif]
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#27

Leveraging Money to Your Advantage?

I'm a classic car enthusiast and I really love the adventure of taking care of a car.

You can pay in cash for an older car that looks baller as hell. I used to rock a 300D merc from 1985 and that car got me laid. Cars are a hobby of mine and i love taking care of them.
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#28

Leveraging Money to Your Advantage?

I'd be leaning towards the theme of 'invest the extra $$ in yourself' ... as others have more succinctly stated.
I personally, started off on that kick about 12-15 months ago.

It started with a style upgrade.
I did a shtt-ton of research on the Internet (mostly places like Styleforum and a number of blogs) to develop a good working knowledge of how to cultivate my own personal style. Taking into account station in life, location, profession, skin/hair color... I slowly started piecing together a new wardrobe. A local custom shirtmaker made me a number of casual and business button down shirts that fit perfect. I hit up Barney's, Bloomingdales, & Saks a few months after knowing what fits my personal style. Next I jumped into the suit game. I started with a number from Zara, then picked up a piece from SuitSupply, had a couple of bespoke pieces made by a local tailor ... and am now awaiting shipment of a bespoke suit that I was measured for from visiting tailors from savile row when they were in town a few months back. At the same time, I upgraded my footwear. Everything from leather boots to rock with suits ... to new sneakers for lounging around ... to comfortable/cool flip flops for the beach/pool parties. I recently just invested in a pair of lifting shoes as well (due to poor ankle mobility limiting my squats.)

Then I decided to invest further in my health. First thing was to join a good gym. Did a bunch of research to find what local gyms have the most appropriate set ups for powerlifting/Oly style lifting. I knew I wanted to set up a routine based around squats, DL, bench, overhead press ... so having plenty of available power racks (and notable absence of Smith machines) was important for me. After joining ... I decided I wanted to splurge all-in on my gym activities so I hired a personal trainer. I now work out with a PT 4x per week. Again, simply investing in myself is how I thought of it. I've recently been searching for a yoga instructor to hire for personal lessons 1-2x per week as I have a yoga studio on the roof of my building and think yoga may benefit me.

Going hand in hand with the gym/exercise motif ... I wanted to improve my nutrition. Started reading a bunch about the different types of diets there are out there and what would be most suitable for me. I've tried implementing some changes that include trying to eat more organic, natural, grass-fed, whole foods ... which cost more, but arguably may be a better investment for me.

My foray into nutrition, next led me to want to invest in my personal medical health. I went and had extensive lab work and blood work done looking into things such as my glucose metabolism, liver function, vitamin levels, zinc level, hormones (i.e. testosterone), etc.. I figured I simply want to be at my peak and optimal level of health and performance and why not look into seeing if I can/need to invest in any additional enhancement. My sleep has been poor for some time; I decided to have motorized blackout shades installed in my bedroom and am currently researching what the best bed/mattress available out on the market is so I can purchase that next. I bookmarked some sites which were posted on RVF a few weeks back that had links to purchasing luxury bedding (ex. W hotel quality); that'll be soon in the future too.

After being told by a family member that I have been snoring a bit lately; I thought this may be contributing to my restless sleep. Visited with an ENT surgeon; turns out I have enlarged tonsils; I'm scheduled to have them removed next month. Decided that since I am going under anesthesia anyway... I will be tacking on some minor cosmetic surgery during the same operation; just some nagging stuff that I figured I might as well get done since I'll be under anesthesia anyway.

Have been working on fixing my smile for the past few months as well. Started with some wisdom teeth extractions that were causing crowding; fixed some lingering decay issues; next moving to orthodontics to address some straightening; which will probably be followed by some cosmetic stuff (like whitening, etc..)

So as my income has gone up, I have made a conscious effort into investing a decent chunk of that increase into my own personal health, wealth, and well-being.
My goal is to try to make myself the best possible version of myself that I can possibly be (narcissism at its height, I guess.)
I've enjoyed breaking down each facet of my overall project into little mini-projects (ex. Who is the best bespoke tailor in my locale, What is the best automated blinds system, What vitamins should I be supplementing with, etc..)

One of the facets of my personal/professional life that I have yet to make great strides in is upping my level of fame. I have thought about ways in which to invest in myself to help achieve this goal, but nothing has really stuck just yet. I've been kicking around the idea of hiring a personal branding consultant or looking into media seminars to attend, but have not come across anything great yet. I even took some ideas from the Udemy thread in the Lifestyle section to buy a course on 'The basics of being on TV.' I definitely do not see myself as a party promotor or night club owner or super talented DJ in the future as it simply does not fit my professional lifestyle. There are a few threads on Fame here though that I would like to keep an eye on for ideas.

So my opinion on how to leverage money to your advantage is:
Invest in yourself.
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