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re: 1 Percenters of Tiger Droppings

Posted on 7/1/19 at 12:46 pm to
Posted by OweO
Plaquemine, La
Member since Sep 2009
122525 posts
Posted on 7/1/19 at 12:46 pm to
Wouldn't know. I started out at $500k/year.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
96240 posts
Posted on 7/1/19 at 12:46 pm to
quote:

How long did it take for you to go from making $100,000 a year to making more than $200,000 a year?


It's going to be right at 10 years (2016 to 2026).

quote:

How'd you do it?


Stubbornness, mainly. I know, to put a positive spin on it "persistence", but it is really just plain, old-fashioned bullheadedness.
Posted by Pettifogger
I don't really care, Margaret
Member since Feb 2012
87727 posts
Posted on 7/1/19 at 12:46 pm to
quote:

Is $200k even in the 1 percent?



Sure, if your wife is kicking in another 250k per
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 7/1/19 at 12:46 pm to
quote:

What’s more obsessed on the OT...Money or women?


What is funny is 90% of the posters don't have either.
Posted by NimbleCat
Member since Jan 2007
9010 posts
Posted on 7/1/19 at 12:48 pm to
quote:

$100,000 a year to making more than $200,000 a year?


quote:

How'd you do it?


Self Employed is likely the best answer. Stop being a W2 employee, your "income" will go down on paper, but your S Corp will be making the money.

You will stay below a certain income threshold for tax reasons. Your LLC or S Corp has the money.

If this is wrong, please tell me so I can fire my accountant.

This post was edited on 7/1/19 at 12:49 pm
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 7/1/19 at 12:48 pm to
Honestly thought this was a biker thread and Darth was about to come in here and mudcheck some fools.
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
39223 posts
Posted on 7/1/19 at 12:50 pm to
I had to become an elite escort
Posted by namvet6566
Member since Oct 2012
7905 posts
Posted on 7/1/19 at 12:51 pm to
Pretty fast, of course Sales and Marketing Reps make the money
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
71827 posts
Posted on 7/1/19 at 12:51 pm to
It typically takes 5 months to get to 100k and 5-5.5 months to get to 200k.

Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58616 posts
Posted on 7/1/19 at 12:53 pm to
If i worked the same hours as all these operators i would make well over 300k
Posted by el Gaucho
He/They
Member since Dec 2010
60087 posts
Posted on 7/1/19 at 12:55 pm to
I went to the pipeline when I turned 14 and made 200k working 7 12s for 3 months straight
Posted by Cosmo
glassman's guest house
Member since Oct 2003
132614 posts
Posted on 7/1/19 at 12:56 pm to
quote:

How long did it take for you to go from making $100,000 a year to making more than $200,000 a year?


Went from 50k to over 200k in 1 year because Im just that amazing.
Posted by danfraz
San Antonio TX
Member since Apr 2008
24550 posts
Posted on 7/1/19 at 12:57 pm to
quote:

1 Percenters of Tiger Droppings


You rang?


quote:

How long did it take for you to go from making $100,000 a year to making more than $200,000 a year?


Uh start at 200k.


quote:

How'd you do it?



By keeping the 99% down.
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 7/1/19 at 12:58 pm to
quote:

Is $200k even in the 1 percent?


Nope
Posted by Michael Hayes
Member since Mar 2014
1391 posts
Posted on 7/1/19 at 12:59 pm to
Everyone here makes over $200,000 AND never had a side piece.
Posted by YungFO
Dallas
Member since Mar 2018
1144 posts
Posted on 7/1/19 at 1:00 pm to
quote:

What’s more obsessed on the OT...Money or women? It’s like the only two things people talk about so they can display their masculinity.



You better chill before someone fricks your wife on a pile of money.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
60209 posts
Posted on 7/1/19 at 1:00 pm to
quote:

How long did it take for you to go from making $100,000 a year to making more than $200,000 a year?


Most OT ballers were making a half-mill doing part-time stock trading while in junior high.

Stop being poor.
Posted by ccomeaux
LA
Member since Jan 2010
8184 posts
Posted on 7/1/19 at 1:11 pm to
taxable income is a poor man's game. look for opportunities that produce large cash flows then hire a good CPA to tell how to legally skim all that you can.
I do it with real estate development.
Posted by MightyYat
StB Garden District
Member since Jan 2009
25029 posts
Posted on 7/1/19 at 1:18 pm to
The better thread would be to post your job title and let's see what we're really working with on the OT. My suspicion is we have a lot of $50-$75K people posting here routinely with a few $100K+ sprinkled in here and there. Add the wife's income and we're talking about a lot more six figure incomes.
Posted by Smoke7024
Member since Jun 2010
24126 posts
Posted on 7/1/19 at 1:19 pm to
quote:

Self Employed is likely the best answer. Stop being a W2 employee, your "income" will go down on paper, but your S Corp will be making the money.

You will stay below a certain income threshold for tax reasons. Your LLC or S Corp has the money.

If this is wrong, please tell me so I can fire my accountant.


It's all pass-through to you, so it'll still be "income" on your tax return. You can manipulate it easier and get out of some self-employment tax if you pay yourself a lower salary through your s-corp then take cash distributions.
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