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How does Rich Piana have so much money?

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Yea he's got a lot going on would be my guess. He owns his own company like said, he use to do commercials, If you follow him on instagram he's always traveling and at expos. He posts a lot of videos so idk but Ive seen his cars and they are pretty nice. haha
 
He seems to work his ass off. He's everywhere and represents his line well. For that reason alone, I like him.
 
I remember reading a post from rich a few years ago on another forum where he discussed on of his investments.

One of his income streams is his investment real estate in Texas if I remember right. He bought his real estate by borrowing against the house he was living in at the time. The bottom feel out of the housing market after he borrowed against it so after then he owed several hundred thousand more on his house than what it was worth. He decided to stop paying for it and let the bank foreclose on it since it didn't make sense to him to keep paying for something the he owed more on than it was worth. He still owns his investment real estate though and bought a different house.

While I think he is motivated and hard working, and from what others have said is genuinely a really nice guy in person, it seems pretty irresponsible to borrow against your house to purchase additional investment real estate and then stop paying for it especially when you have the means to do so.

I'm sure others will agree with his logic and think it is smart. I believe if I borrowed it, I need to pay it back.
 
If that's the worst thing he did, he's an angel in this industry then.

I think the answer to the OP's question is he worked his butt off for it.
 
FireRescue said:
I remember reading a post from rich a few years ago on another forum where he discussed on of his investments.

One of his income streams is his investment real estate in Texas if I remember right. He bought his real estate by borrowing against the house he was living in at the time. The bottom feel out of the housing market after he borrowed against it so after then he owed several hundred thousand more on his house than what it was worth. He decided to stop paying for it and let the bank foreclose on it since it didn't make sense to him to keep paying for something the he owed more on than it was worth. He still owns his investment real estate though and bought a different house.

While I think he is motivated and hard working, and from what others have said is genuinely a really nice guy in person, it seems pretty irresponsible to borrow against your house to purchase additional investment real estate and then stop paying for it especially when you have the means to do so.

I'm sure others will agree with his logic and think it is smart. I believe if I borrowed it, I need to pay it back.
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It's very smart. Even smarter would be repurchasing the house at auction after foreclosure when the price plummeted after the market leveled out.
 
louisaboy said:
Real Estate, Investments, Had an endorsement deal with Mutant previously. Now has his own company.
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Yeah Ive seen the videos of his cars and his house. Very nice lifestyle he lives. Would find it hard to believe that he could afford all those things by only having his own supplement company for a few years. He lives like a rockstar and the real estate and investments along with his own company explains that.
 
LovingtoLift said:
Yeah Ive seen the videos of his cars and his house. Very nice lifestyle he lives. Would find it hard to believe that he could afford all those things by only having his own supplement company for a few years. He lives like a rockstar and the real estate and investments along with his own company explains that.
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I don't know anything about this gentlemen, but a lot of people who live like a Rock Star just plain owe a lot of loans!
 
Rocket3015 said:
I don't know anything about this gentlemen, but a lot of people who live like a Rock Star just plain owe a lot of loans!
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Not sure about living like a rock star....everytime I see him in videos he's either in the gym or at shows and conventions promoting his line.
 
Making money is hard work !! As a business man it always seams like everyone one else is working less and making more !!
 
Has No one mentioned the you tube aspect? I bet he gets a healthy chunk of change from posting all those videos.
 
FireRescue said:
I remember reading a post from rich a few years ago on another forum where he discussed on of his investments.

One of his income streams is his investment real estate in Texas if I remember right. He bought his real estate by borrowing against the house he was living in at the time. The bottom feel out of the housing market after he borrowed against it so after then he owed several hundred thousand more on his house than what it was worth. He decided to stop paying for it and let the bank foreclose on it since it didn't make sense to him to keep paying for something the he owed more on than it was worth. He still owns his investment real estate though and bought a different house.

While I think he is motivated and hard working, and from what others have said is genuinely a really nice guy in person, it seems pretty irresponsible to borrow against your house to purchase additional investment real estate and then stop paying for it especially when you have the means to do so.

I'm sure others will agree with his logic and think it is smart. I believe if I borrowed it, I need to pay it back.
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Nah, he was pretty smart. People were in desperate needs right before the recession hit. Bad loans, bad investments, bad everything. Borrowing against a house was probably the smartest thing anyone who knew they were losing their home could do. Yes, you should pay the bank back but imagine all the money people were losing. People put their life savings into a home just to watch their dreams fall apart. I worked for the housing/bank gaints for a while. Trust me, they're doing ok now.
 
xR1pp3Rx said:
Has No one mentioned the you tube aspect? I bet he gets a healthy chunk of change from posting all those videos.
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My friend's bf does accounting for the big youtubers. Per every second that someone watches a commercial, they make money. You can make up to $7-10 per commercial if someone watches the whole thing. Some youtubers make around $100-$300k a month.
 
puccah8808 said:
My friend's bf does accounting for the big youtubers. Per every second that someone watches a commercial, they make money. You can make up to $7-10 per commercial if someone watches the whole thing. Some youtubers make around $100-$300k a month.
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This is simply not true my god people do you guys believe everything you read? This statement is NOT TRUE whatsoever lol
 
So may experts, so little time!
 
JeremyNG25 said:
This is simply not true my god people do you guys believe everything you read? This statement is NOT TRUE whatsoever lol
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No, we just don't believe in the bs you spew on here.
 
JeremyNG25 said:
After taxes you don't make that much from YouTube unless you're one of the top ten
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Counting his videos and views and knowing what the rates are, he's doing just fine.
 
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