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Entrepreneurship / Side Hustles / Re: The Financial Samurai Underdog Tour
« Last post by Sam on May 22, 2019, 10:33:49 PM »
Yes RWM - I'm definitely not very smart, and the last one to ever be viewed as smart. So it's taken a lot of effort to keep up with others.

The one thing I'm oddly most proud of is getting to a USTA 5.0 rating in tennis and staying there for the past four years. It's a treacherous level filled with 20-something Division I players. https://www.financialsamurai.com/some-things-money-cant-buy-a-usta-5-0-tennis-rating/

But enough about me, how about you? Tell us more about yourself.
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Real Estate Crowdfunding / Re: Realty Mogul sponsored deal
« Last post by Sam on May 22, 2019, 10:27:16 PM »
I've been with RM since pretty close to their inception.    They've learned from a lot of their own mistakes and that of the other platforms, including RS that just went under.    Their deal flow is much lower, especially now late in the real estate cycle  -- and they're focused more on hitting singles, than knocking them all out of the park.     They do have a few  bad deals on the platform (I'm in one of them for full disclsure) -- and not all have performed to expectation.    Overall though, they've been WAY more professional and accessible to me over the years than RS has been and I'm pretty happy working with them for what its worth.    Your mileage may vary.    ;)

Good to know. Any thoughts on this first sponsored El Paso deal?
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Travel / Re: Favorite travel hacks?
« Last post by svytraveler on May 22, 2019, 05:49:25 PM »
I guess this is as much of a "travel hack" as anyone else has posted....  As soon as I know I may need a rental car, i use carrentalsavers to reserve a car using the best discount for which I am eligible (in my case it is USAA at https://carrentalsavers.com/usaa.html, great rates and the USAA cdp for hertz includes a free additional driver (or at least for your spouse), but there are other discounts you can try if you are not USAA eligible). 

Then I track the price of that reservation on https://www.auto slash.com/track for when it drops and ignore the notices to rebook if the savings offered are not significant or totally ignore if the savings is linked to pre-paying.  It seems to result in significant savings with little manual work.
However, remember to cancel old bookings, especially if they are overseas.  A well known car rental agency wanted to charge me for a reservation that I never even picked up in Auckland New Zealand.
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Thanks, Chitown. My other two deals with RS are not in the distribution state yet, so they're really quiet.

I hope we can do a necropsy on this beast after the smoke clears.  :o
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Real Estate Crowdfunding / Re: Realty Mogul sponsored deal
« Last post by chitown-2020 on May 22, 2019, 01:09:21 PM »
I've been with RM since pretty close to their inception.    They've learned from a lot of their own mistakes and that of the other platforms, including RS that just went under.    Their deal flow is much lower, especially now late in the real estate cycle  -- and they're focused more on hitting singles, than knocking them all out of the park.     They do have a few  bad deals on the platform (I'm in one of them for full disclsure) -- and not all have performed to expectation.    Overall though, they've been WAY more professional and accessible to me over the years than RS has been and I'm pretty happy working with them for what its worth.    Your mileage may vary.    ;)

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Does anyone know if any other RS deals are in jeopardy? Are all of them in trouble?

The good news is that for sure they are not all in trouble.   A number of them are, but the good deals are still good.    Most of mine are still performing as expected, although a few are falling apart -- as have been discussed here.    So the good news is that under new management, the good operators should be motivated to keep performing IMHO.

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Sam,
The middle 80% of the Haas Full time MBA GMAT scores range from 680 - 760. The middle 80% of the Haas Part Time / Weekend MBA GMAT scores range from 640 - 780. Your GMAT score of 600 (58% out of 100% percentile)  would put you in the bottom 10% among your Haas classmates. I bring this up because you are the Ultimate Underdog who seems to beat all odds stacked against you (i.e. B-School, Blogging Business, etc.). I would assume that you also had to work / study at least twice as hard than your Haas classmates to get the same grades. You are a true inspiration to me!     

RWM

69.4% make Zero from their blogging business.
22.6% make Less than $10,000
2.5% makes between $10,000 - $30,000
1.5 % makes between $30,000 - $80,000
2.2 % makes between $80,000 - $150,000
1.2 % makes more than $150,000
0.6 % makes more than a million.


Sam,

I wanted first thank you for being so real on your posts. Your SAT article caught my attention as my scores were also exactly the same as yours: 1040 (first attempt @ 16 junior year) and 1160 (second attempt). We are also the same age.

I was just curious if you remember what you scored on your GMAT?

My SAT scores were not good enough to get me into the School of Liberal Art and Sciences at the University of Michigan, so I applied to the school of Art and Design with my AP Art/Portfolio my freshman year. The college I wanted to attended was the Rhode Island of School of Design as a graphic designer, but my parents told me that I could not put food on the table as graphic designer and encouraged me to study business. When applying to the School of Art and Design at the U of M, they give 1/3 weight to your SAT score, GPA, and your design portfolio. I transferred internally to the school of LSA my sophomore year, then got accepted the BBA Program School of Business my junior year with a concentration in Finance.

Sam, seeing the success you have already achieved.. it clearly shows me that there is no correlation between how high your SAT scores are vs how successful you become as an adult.

Again, thanks for writing that article.

RWM.

Howdy! I got a 600 or so on my first try for my GMATs and just left it at that. Good enough! I applied and go into Berkeley's MBA program part-time.

GL on your journey!
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Does anyone know if any other RS deals are in jeopardy? Are all of them in trouble?

I see that the Franchise Growth deals are crumbling, but what about the other developers?

The "committee" that was supposed to be vetting these deals realy screwed up on FG. Is anyone auditing the others?

RREAF is busy, I know, but it would be really nice to hear an update.
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Entrepreneurship / Side Hustles / Re: The Financial Samurai Underdog Tour
« Last post by Sam on May 21, 2019, 10:10:58 PM »
Sam,

I wanted first thank you for being so real on your posts. Your SAT article caught my attention as my scores were also exactly the same as yours: 1040 (first attempt @ 16 junior year) and 1160 (second attempt). We are also the same age.

I was just curious if you remember what you scored on your GMAT?

My SAT scores were not good enough to get me into the School of Liberal Art and Sciences at the University of Michigan, so I applied to the school of Art and Design with my AP Art/Portfolio my freshman year. The college I wanted to attended was the Rhode Island of School of Design as a graphic designer, but my parents told me that I could not put food on the table as graphic designer and encouraged me to study business. When applying to the School of Art and Design at the U of M, they give 1/3 weight to your SAT score, GPA, and your design portfolio. I transferred internally to the school of LSA my sophomore year, then got accepted the BBA Program School of Business my junior year with a concentration in Finance.

Sam, seeing the success you have already achieved.. it clearly shows me that there is no correlation between how high your SAT scores are vs how successful you become as an adult.

Again, thanks for writing that article.

RWM.

Howdy! I got a 600 or so on my first try for my GMATs and just left it at that. Good enough! I applied and go into Berkeley's MBA program part-time.

GL on your journey!
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Career Growth Strategies / Re: Find your passion vs bring your passion?
« Last post by Sam on May 21, 2019, 10:08:58 PM »
Not sure. I think it's pretty obvious if someone is passionate about something or not.

I'm passionate about personal finance and writing, which is what has allowed me to keep going for 10 years. Publishing 3X a week for this long is not easy. And it would have been impossible if I wasn't passionate about it.

I've found my passion... but it took me about 10 years to find it after college.
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