/biz/ - Business & Finance

Should I buy a liquor store in downtown LA?

I work for myself, i find it easier to just work for 3-6 hours a day 7 days a week with an occasional day off. 8-12 hour days are only good if you get into a flow state working on something you enjoy or get a lot of satisfaction from.

>>12139837

Only for the time being, after crypto dies or stabilizes and becomes boring, people will still want to know how to get rich.
The article was interesting but also disappointing because it was extremely light on -what- family offices actually invest in. I've read some good material about how certain families in europe have maintained wealth for centuries, old money strategy seems to revolve mostly around land, gold and art (art is like the original crypto-currency for the wealthy).

>>12140143
Yeah that's bullshit, you dont need a multi million dollar cost private personal hedge fund to have generational wealth. You do need a core fund of investment money that is allowed to grow for decades/centuries, a well planned estate and legal frameworks, children that are raised properly and educated about money (shit you absolutely never learn in school), and finally a lot of good decision making that starts with one patriarch that gets the ball rolling. You've got to have multiple children every generation and pass the keys to the most competent among them. Degenerate children have to be disowned or given a very minor stake in the family fortune. Meritocracy has to exist to some degree within the family or it just becomes a corrupt nepotistic failure eventually. Part of that is good breeding, at least for good IQ but also athleticism and attractiveness to a lesser extent. IQ is extremely heritable, and if you have children with a beutiful retard, you will have half retarded children and your family fortune will be gone within 1 or 2 generations.