/biz/ - Business & Finance

>>15560230
>white family
what does that have to do with anything, most whites live in poverty or well below the middle class

>no one is self-made because everyone was given food by their parents when they were a baby! hah! capitalists BTFO

why are you shilling teenvogue on biz

>>15560230
No shit, nigger. How about stop being a bitch?

Holly (((Fetter)))

>inb4 two polar opposite sides of the argument emerge without any rational middle of the road opinions being voiced
also I'm gay

>>15560230
stop shilling your shit

>>15560230
Self made means that you earn your income through voluntary exchange, contrary to coertion, usury, living off tax dollars or receiving subsidies/benefits from the state.
If you come from a wealthy family, your parents voluntarily decided to support you, they were not forced. There's nothing inmoral in that. Inmoral would be to leech off your parents for your whole life. To never study, to never improve yourself, to never create any wealth, to never test yourself against the valoration of other people to your own work. That is the contrary of a self made man.

>>15560274
>business connections given by parents isnt an advantage
>financial abundance isnt an advantage
>resources at your disposal because of the financial success isnt an inherent advantage
>the ability to try different things because failure wont destroy your family
If youre rich youre born into privilege, its not just about feeding your children

>>15560230
cope

> I haven't seen any self-made people so they don't exist

Neither of my parents graduated college

One didn't finish the 7th grade, then got a fed later
Other didn't finish highschool, then got a fed later

They spent their lives working to give me a home and emphasized that I needed to do well in school

When I was ten or eleven they were excited to be making $60k per year after years of grinding a trade

I went to college and make $250k/yr, have been living way below my means and saving almost everything I make since I graduated college

I was over a million dollars in net worth while chainlink was over $4

My parents went from poverty, horrifically abusive childhoods, and no education to middle class and enabled me to go from middle class to being a millionaire at 29 years old and top 5% income earner from the time I was 25.

Is it self-made? I had support from my parents. Rather than engaging in short-term satisfying behaviors, they delayed gratification so they could get themselves and their children out of poverty. My siblings are firmly middle class, too.

>>15560669
>then got a fed later
GED later

>>15560437
Most millionaires weren't born rich. Sorry senpai. No data to support your dumb conclusion

>>15560244
Rich whites feel bad about slavery and oppression so they feel the need to constantly apoligize and blame white privilege for their success.

>>15560669
Congratulations, anon. There is absolutely nothing wrong with you or your parents. Anyone that says otherwise is talking out of autistic envy.

>>15560230
We're literally all self-made. You're an extension of your family and their genes which dictate their success when averaged out over generations.

Most millionaires are self-made, or at least first generation millionaires.
https://www.fa-mag.com/news/most-millionaires-self-made--study-says-14565.html

>>15560437
My brother didn't have any of that and he graduated at a top 5 engineering school and started with a $200k/yr salary. Many legendary and successful engineers, such as Steve Jobs and John Carmack, came from ordinary middle-class backgrounds.

>>15560687
You're right but let's be real if you're born into a poor family your chance of making it is 1000x less than someone born upper middle class. And that's how it will always be because poor people are stupid and they will always have more children than they can afford to support which creates a never ending cycle of poverty. Sterilizing them is the only humane thing to do.

>>15560881
>>thinks Steve Jobs was an engineer

(((white)))

>>15560230
nice disinfo LARP you disgusting tatoo riddled wetback. go back into the kitchen and have another tamale thatyour low IQ mother made last month. just pull it out of the freezer and feed it to your nigger tier pit bull.

>>15560437
IQ is the biggest predictor of upwards mobility. sorry to break it to a sub 80 mekki like yourself.
>no hope

Fucking commie. GTFO. Hard work doesn't always equal $$$ stupid.
Short answer: We all want ourselves and our family/friends to succeed, so we help them when we can. It's human nature.
Servants/maids and whatnot work ridiculous hours but ultimately their job is to suck off their masters, do as they're told, look down at their feet and do all the shit jobs you don't want. Why would you pay them a lot, or at all if you could get away with it? *Saudi Arabia* Your parents worked hard, but they also worked smart, hard work only gets you so far. They gave you all this shite based on the reasonable assumption that if you support someone properly and provide for them to best of your ability they will give back even more than what you put into them. And yh I'm just eloquently saying what you said. But achieving without support is entirely possible just significantly harder.

>>15561119
That has nothing to do with the fact that if you are born into a rich family you will have a MUCH easier time being successful and building wealth compared to someone from a middle class/poor home

>>15560818
I wonder how much money you can make on your own, it seems that billionaires usually are born into some sort of wealth

>>15560987
Like your thinking. But some people are just poor because of someone else and are actually smart and just waiting for the opportunity to make money.
IF we gonna exterminate the stupid shits we need a screening process.

>>15561205
This. Bill Gates parents were super well off and Elon musks parents literally owned slave mines in South Africa.

Basically most billionaires come from these backgrounds because they enable them A. to get a flawless education and B. To take risks so after graduating they don't have to slave for some boss man.
They could fail like 2-3 times and burn a couple of hundred of thousand bucks in the process and still come out fine and live a normal life. Not possible for someone who actually needs to make a living. (actually is possible but the risk reward calculation is very different)

>>15560669
stfu larping nigger

>>15561383
Loser white trash

>>15560230
Fuck off, larper.

>>15560881
>middle-class
as if that's not a huge advantage

>>15561486
>if you didn't begin life as an abandoned infant in the Sahara, you're not self-made

>self-made
>implying the concept of the self is valid
>implying anyone self-chooses to be born with certain advantageous traits like good looks, social skills, intelligence or superior willpower

>>15560818
>>15561205
>>15561329
Basically first generation has to build up a few millions then not marry a ditz trophy wife. That's what enables their kids to make it past the billion mark.

>>15561513
Kek

>>15560230
Lousy bait. Many boards on other chans wouldn't allow such trash.

>>15561205

Oprah literally started from nothing, so there's your motivation/counter evidence.

>>15561598
The first million is the hardest.
What stops many millionaires kids from billionizing these days is that such wealth creates degenerative effects and lots of friction for them. Basically they are less motivated to pursue money because it gives them little additional pleasure.. So they go into art... even though they might would have had the potential to become a great company founder.

Imho highest performance and motivation is seen in children coming from upper middle class academic households with a couple of hundred grand in assets. Sadly they often lack the grand vision and social capital that is required for billionizing.

>>15562170
This is just one person. Means nothing. On average billionaires come not from nothing.

>>15560669

That's all well and good, but hard work alone won't make someone rich. It will make them middle class if they budget well.

For someone to become RICH, there needs to be an element of risk involved for someone who is making $60K per year to become a millionaire, and really just having $1,000,000 can be pissed away within a generation very easily.

On fixed income, $1 million dollars allows someone to live a lower middle class lifestyle. And you're not beating inflation doing that either.

>>15560230

>>15560230
Thank you. It needed to be said.

>t. beggar of a small village who only asks for bread

>>15562344

It's true though. The cream inevitably rises to the top, but the starting point of your family and the society you're born into has a massive input on your final level of wealth.

So someone like Bill Gates but who was dirt poor, is probably the owner of a series of McDonalds in the Mid-West rather than a Billionaire.

>>15560392
Redpilled.

>>15560230
Life isnt fair. Get over it and start building your own life and wealth.

>>15562344
She still built it though. Build means taking parts or materials from your environment and forming it into something. Telling someone they didn't build their business because they hired workers and didn't literally do all the labor themselves is like telling the little girl she didn't build the tower because she didn't pour the plastic into the lego blocks. They're just stretching the definition of "build" and "self-made" to justify redistributing wealth.

>>15562446
>>15562691
wrong post