A racer's career is relatively short. The wise ones will live reasonably and invest. It doesn't take any genius moves for a guy with Anderson's income to put himself on a path to 7 figures of passive income before age 45.
Man all racers have to think passed the immidiate fun toys!!! By the time the career is over there are hospital surgery and more expenses that non athletes don't know about. He is wise!!!
Been following MX since my racing days in the late 80s and never really followed /rooted for Jason since he has been pro. Since the Jett incident and watching the JA interviews I have another favorite rider to pull for now along with Tomac. El Hombre is one chill and down to earth dude it seems! Just like some of my younger friends I know and ride mountain bikes / MX with plus I live in SoCal. Cheering for you now JA!!!
Exactly, if you want to be a full time property manager then buy property and manage it, if you just want to invest in housing, buy shares in a property management company, or better yet buy index funds that include property management companies.
We def live the cardboard box bed on the ground lifestyle in our 30's. Believe it or not nothing majorly wrong w us ......,we're just poor, 2 paychecks away from tent city. we appreciate that cardboard box
This is usually the way. Financial advisers almost never beat ETFs by enough to cover their fees. My mother has a financial adviser she pays huge money to, never beats the ETFs.
As a Racer I don’t understand the Baby Drama that theses high paid Racers Have! Rubbing is Racing! The Guys in the Back Don’t Even Attempt to Pass the Higher Paid Racers! Complete setup Or scripted! If some Racer would have come up to me after a race and grabbed me by My Helment like a punk. I would have got off and beat his ass. I would’ve took the AMA Fine. But I’m NOT gonna take the DisRespect. Any Real Racer would have Done The Same! Racing is About Respect for other Riders & 2 is Winning.
If you want to invest in real estate, do it through a REIT or ETF. Vanguard, and Fidelity are two top tier investment companies with low management fees.
In my experience, the real bitch with shitty tenants is there is usually a strong correlation between people who trash the fucking place and people who don’t have jack shit to sue for anyway, which is why they’re so careless in the first place. So you really have to just eat the cost of all their damage. Ive had to learn this the hard way haha! I’m getting out of that hustle right now and I doubt I’ll ever go back. Like Jason said if you can find a good financial person who can operate your portfolio, that’s the way to go. Odds are you are not going to be better at investing your stuff as well as them, and if you find that right person you will still see excellent gains while you honestly really don’t do anything other than cut the guy/gal their fee. Which if you find a good one, is 110% worth it.
bro are you going to be at southwick this year? i’d love to meet you! i’m friends with the race director so i’ll be there all weekend, i’d love to say hi! also if you want bbq and pitbike fun new england style we can also make that happen lol
Millionaires are stingy! Invest wisely, diversify , if you have capital that is... Keep Liabilities (cars, tvs, computers, marriages) to a minimum, (buy a fucking honda or toyota ok) Metals, Au, Ag, Pt, coins Shares,( invest which companies do you spend/rob all your money?(fuel, grocery, telecom, electricity etc.) Mining , coal, oil, gas, minerals, Companies that you like, And Future companies you would do yourself. Property , land, rentals, commercial, construction Cash, foreign cash Crypto??? Collectables, (guitars, Classic cars, bikes) Food Clothes
Jason's gotta get the hell out of Laguna he's starting to laugh like a valley girl. He can ride the shit out of a bike and has had a great career so far though and I am happy for him.
Tax deduction for money spent bruh. As in we can spend as much as we want cause it's tax deductible. Great way to go broke. Californistan's taxes is the highest in the nation. That's just giving money away. But maybe not as long as you have a view of the beach.@@mysterious_tim
Tax deductions are for money spent on the cost of doing business. Or a loss on an investment. The cost or loss is taken out from your tax liability. It's a zero gain. The money is still spent, and the loss is still a loss. Bruh@@mysterious_tim
Average return on mutual funds is 8 to 10 percent, tou could easily live off the 80 to 100k a year profit and never need to touch the 1 mil. Give it to your kids when you die!