/biz/ - Business & Finance

>>15488517
True

>>1745114

It's that or buy 40,000 acres in Montana, and most people would rather ride a golf cart around their realm than have to hike.

>>1647317

>30
>proprietor of 2 companies
>tired of working 7 days a week, want to retire within 4 years, marry, pop out 10 kids and spend my time raising them

>>1637936

>great grandparents were farmers and coal miners
>grandparents WW2fags and steel mill workers
>parents small business entrepreneurs
>currently serial entrepreneur with 2 growing businesses
>hopefully my children will be in the 1%, whatever they do

Being poor is a mentality and being rich is something built over generations. There are other considerations such as heritable IQ that factor in (if your parents are genetically dumb, you are most likely genetically dumb, and it is very unlikely for you to enter the upper echelons of income and wealth, this is why ghettos exist and are persistant), but for the most part if you organize your life right you can head in the right direction.

Go buy/listen/steal the book Rich Dad Poor Dad, its lame at parts, but the central message is rock solid advice.

You are destined to stay poor if you take 100% of you income and use it on expenses
Your children are destined to have no leg up if you use 95% of your income on and save 5% for retirement
You and your children have a great chance to be well of if you spend every single penny you can manage on investing (im talking 50%+ of your income) and having your goal be that all of your expenses can be covered by the dividends and profits of your investments. 98% of people can actually afford to live on a fraction of their current salaries, they are just unwilling to (unwilling to move, unwilling to group home, unwilling to give up starbucks, unwilling to cut cable TV, etc.)