/biz/ - Business & Finance

[Anonymous No.12981300]

Can anyone explain to a dumb shit like me how millionaires and billionaires exist? Even if I work everyday at my job my whole life I'd never make even a percentage of that much.

[Anonymous No.12981330]

You need to sell other people's labour instead of your own.

[Anonymous No.12981362]

>>12981300
An elite group will always exist.

[Anonymous No.12981368]

>>12981300
>Even if I work everyday at my job my whole life I'd never make even a percentage of that much.
Yes you would. In fact you already have. Just a small percentage. Idiot.

[Anonymous No.12981378]

If you saved and invested you would

A few thousand a year into an average return would easily make you a million

[Anonymous No.12982196]

Just remember, you could have started a business or invested in stocks in your mid 20s but you decided to smoke weed and drink energy drinks and booze instead

[Anonymous No.12982376]

>>12982196
im 21 fortunately? still a loser though

[Anonymous No.12982495]

>>12982376
You need one or more:
>have wealthy parents
>be sent to expensive schools from birth
>connection to other rich frens
>money that can be gambled away on stock markets
>psychopathic nature (not caring about anything but being top dog)
>the ability to do borderline illegal/immoral things and not care (or get caught)

>an innovative, revolutionary idea or product that only you can produce well

Basically, most rich people start off rich and stay rich. Sorry bud

[Anonymous No.12982523]

>>12982495
sometimes when im browsing normiebook i wonder what all my "successful" friends must have done right to be so well off now, but then i remember they were just always rich, and it was inevitable

[Anonymous No.12982526]

>>12981300
checked.

incredibly stupid, you honestly will never make it.

https://www.youtube.com/watch?v=luARvsCklMo>>12982376
>>12982495

[Anonymous No.12982624]

>>12982495
I have two millionaire uncles. Both started in blue collar families with no handouts. One worked for big oil out of college and ended up as a COO for a company that engineers/manufactures drilling equipment. The other made a business from nothing writing code for the mortgage industry and eventually sold the business for millions to some German idiot that then ran it into the ground.

The motivation for both was feeding their families. Neither set out with the intention of getting rich for their own sake.

[Anonymous No.12982682]

>>12981300
scaling business. Ever seen those giant transatlantic ships carrying bigass containers? they are owned by billionaires. Most giant business were formed in the late XIX or early XX century, and people running them today just inherited them and scaled them more

[Anonymous No.12982692]

>>12981300
Your boss makes mods from your labor than you do. Multiply that by several employees. You are stupid, never post again

[Anonymous No.12982703]

>>12981300
returns on capital >> returns on labour. this should be obvious but many go a lifetime without the realization

[Anonymous No.12982716]

Most people don't want to admit it but their position is the product of generations. The decisions your parents made and their predecessors before them has a lot more to do with your current situation than anything else, for better or worse. Most of the bitter hearts are angry that they're not king today instead of a lack of chances for their children to have a better position to take advantage of opportunities that lead to riches when they present themselves. Take a longer view in considering the strengths and weaknesses running in your family and conduct yourself accordingly to remediate problems, putting out a steady stream of ubermenschen should be of trifling ease to the brilliant minds here.

[Anonymous No.12982721]

write a book about the power of whatever. self-help shit. basically just copy what jesus said


write 200 words about the importance of loving your mom and dad

you will be a millionaire, check amazon its all the same shit. the secret, the power of now, fucking meditation zodiac signs cocksucking, the list goes on

tell people you know the secret to happiness write 200 pages about how there is no secret, and eating shit is the shit nigger

[Anonymous No.12982737]

its easy to be a millionaire all these people telling you its about mindset are right. you really can even if you are trash poor, become a millionaire

when you stop completely giving a shit, the real shit will start dropping

Ive seen some shit

[Anonymous No.12983158]

Million isnt that much in 2019.
Billion is alot and is just pure luck.

[Anonymous No.12983179]

>>12981300
The grandfathers of their grandfather's help to build the foundations for modern industry and business, as such their descendants are their rightful heirs who are known as the elite. Only those that offer a brilliant new idea have a chance of joining said group, and even then that's not guaranteed and said idea Masters will be destroyed by the elite. So any fags on this board who genuinely think they will make it are completely delusional.

[Anonymous No.12983191]

>>12981300
Exploiting others.

https://www.youtube.com/watch?v=sXRl5ZgDwPM

[Anonymous No.12983410]

>China filled with illiterate Maoist dirt farmers from 1912 or so on
>China embraces capitalist reforms in the late 70s; second most billionaires in the entire world just 40 or so years later

wew

[Anonymous No.12983449]

>>12982716
>Most people don't want to admit it but their position is the product of generations.

Intergenerational wealth usually don't last long. Revolutions, war, and corrupt governments can take away all the wealth that's built up. More commonly, you have descendents inheriting wealth who eventually squander it all.

[Anonymous No.12983488]

>>12983449
This, people are cucking themselves with the idea that all the millionaires inherited their wealth while complaining to be wage cucks.

[Anonymous No.12983514]

Compound interest. The people who become billionaires without generational wealth either founded a tech startup or kept reinvesting their capital while living comfortably and not absurdly luxuriously, and amassed their fortune through years of return on investment

[Anonymous No.12983516]

>capitalism
>get (((loan))) with (((interest)))
>employ slaves
>profit
>fairy tales about hard work on tv so the slaves come back to you on work days

[Anonymous No.12983522]

>>12981300

Buy low sell high. So basically do the opposite of /biz/.

[Anonymous No.12983528]

>>12983410
>most billionaires in China are part of the national congress or closely connected to them
>capitalism

[Anonymous No.12983542]

>>12983410
You missed the part where the communists killed all of the bourgeosie and took away all of their property.

[Anonymous No.12983572]

Your monthly salary is equivalent to a whole years wage for a 3rd world employee. Or, your yearly income is a total networth of a lifetime of slavery for a 3rd world laborer.

[Anonymous No.12983589]

You need to own shares of something mass produced, unfortunately.

Once you get rich enough you can stick your hands in enough pies that at least one of them will be very lucrative.

[Anonymous No.12983590]

>>12983572
Money and wages are a trick from jewish people to let them shape what you do with your life, what you are eating, etc

[Anonymous No.12983611]

>>12982737
You talk about poop way too much, pervert. Control yourself.

[Anonymous No.12983627]

>>12983590
And white people took the deal. If they didn't, we wouldn't have computers, smartphones, airplanes, cars, etc.
The only reason we have any of that shit is greed.

[Anonymous No.12983646]

>>12983627
Technological progress is the word youre looking for

[Anonymous No.12983650]

>>12983646
If it was, I would have said that.

[Anonymous No.12983669]

>>12983650
We only have scientifical progress because of greedy jews

-white beta cuck

[Anonymous No.12983694]

>>12983669
You have yet to make an argument to the contrary.
Huge corporations manufacturing technology en masse don't exist in the absence of a monetary system.

[Anonymous No.12983703]

>>12983516
So what is stopping you? Can you not handle a $5K credit card or draw up a decent plan? Are you $35K in student loan debt and have a $500/month car payment?

[Anonymous No.12983716]

>>12983669
hurrr durrr Because everything is the fault of the jews.

[Anonymous No.12983721]

>>12983694
Money puts cucks like you to work who then eventually find new ways because of logic and trial and error
Its still the cucks who do the work and not the money you know

[Anonymous No.12983730]

>>12983703
>Whats stopping you from paying interest
Logic and self worth

[Anonymous No.12983735]

>>12983721
The money is necessary for cucks to survive, as well as to get ahead of their neighbors.
No one would work a 9-5 if it weren't for these two reasons. Hence we would not have technology, as there would be no one manufacturing it.

[Anonymous No.12983740]

>>12983410
Missed the part where US wage growth has gone entirely to the Chinese since the late 70s because of (((globalization))). Not that hard to become a billionare when your host country is growing 10%+ year on year.

[Anonymous No.12983747]

>>12983730
Interest isn't usury. Loans aren't free unless they're from family...

>>12983716
I leik the joos tho...they keep the majority stupid and in debt. This can allow an average guy to make seriously good monies in the market. I bought Il farmland, sharecrop that out, manager cuts me a check every December to use for Portland apartment renovations, then I rent that out at a higher price and do my trading while on the road...might live out of a backpack as a nomad but I'll hit 7 figures before I'm 42. Wagecucks think I'm poor...because no college degree.

[Anonymous No.12983776]

its called nepotism, subtle feudalism and profit.

can i get a (you)

[Anonymous No.12983777]

>>12982526
>PragerU

[Anonymous No.12983788]

>>12983735
>No one would want good products and a good lifestyle if there was no interest based monetary system that always needs to expand debt to pay back interest

- American wage cucks

[Anonymous No.12983800]

>>12983776
(You)

[Anonymous No.12983801]

>>12983776
Its called capitalism

[Anonymous No.12983803]

>>12983747
interest is by definition usury

nigger

[Anonymous No.12983805]

>>12983788
It's not that no one would want them. It's that they wouldn't exist.
Anyway, the people who take out loans and fail to pay them back are equally at fault.

[Anonymous No.12983816]

>>12983805
>Thinks loans could be payed back by creating more debt

-americuck

[Anonymous No.12983819]

>>12983803
Gotta pay to play....even margin traders are on loan. Usury is a nigger 160% apr loan on $1K, $10K if used and paid off on a credit card monthly is most certainly not.

[Anonymous No.12983826]

>>12983816
Why couldn't they? Interest rates are low if you make payments on time.

[Anonymous No.12983827]

>>12983819
Everybody in the us is on loan you stupid cucks

[Anonymous No.12983835]

Some bigtime BRK/KO old man mumbled something about if you don't make monies in your sleep you're going to work the rest of your life...what's stopping you? Give me your delicious tearz of unfathomable saddness about how you're never going to retire.

[Anonymous No.12983836]

>>12983826
Read about what money is whiteboy

[Anonymous No.12983843]

>>12983449

Dealing with all those play into their decisions, as well as yours, anyone interested in crypto should know this. Especially in the US we're the product of people that largely said fuck this wherever they were from and rolled the dice, and most of us are the winners of that bet years later, even the poor. Wealth is not just the extreme personal fortunes that people obsess over, it's recognizing value and placing yourself and your offspring close to it, it's ultimately up to you to get them to a position where it's not wasted on them. There's a reason guys like Gates and Bezos come from nondescript white collar backgrounds, and didn't have the culture of junkies and bastard sires imparted to them.

[Anonymous No.12983844]

>>12983827
My only loan is a small margin charge...which I make back on my divs based roth ira every 30 days. Win-win.

Everything else I own is paid. You're a poor person aren'tcha?

[Anonymous No.12983848]

>>12983835
If you want to be rich you gotta make monies
I bet hes really productive when sleeping

[Anonymous No.12983849]

>>12983836
Just print more money brah

[Anonymous No.12983854]

>>12981368
Your hairsplitting doesnt help anon. Neoliberalism is literally killing everyone and you know it.
The one thing i cant comprehend is how its so successful at making people believe theyre the ones that are going to make it, compelling them to defending it to the last

[Anonymous No.12983867]

>>12983854
You watch your fucking mouth, kiddo. Do you even know who you're talking to? I'm a future millionaire. Your lineage (if you ever get laid LOL) is going to be eternally wageslaved under mine.

[Anonymous No.12983872]

>>12983854
The key was the American school and entertainment industry

[Anonymous No.12983882]

>>12983801
who owns the banks

[Anonymous No.12983896]

>>12983882
(((We the people)))

[Anonymous No.12984088]

>>12983740
>4 million small businesses created annually
>850,000 foreign firms operating freely
>socialism

>>12983528
I'm aware of that and have criticised it in the past. The american laborer has been attacked by illegal immigration (jobs and remittances), outsourcing and "insourcing" (h1-b visa recipients etc. and this has resulted in a great transfer of capital that "socialist" countries could never have generated under organic circumstances.

[Anonymous No.12984234]

>>12982624
This

[Anonymous No.12984376]

>>12983800
Did you partake in the ICO as well my friend?

[Anonymous No.12984406]

>>12981300
You can't understand because you can't think beyond your simple wagecuck mindset.

[Anonymous No.12985592]

>>12981378
Bullahit and you know it those accounts have terms limits and other shit attached to them hell even a 4 percent ISA costs me 4 grand a month to keep open and that's the minimum I have to put in, fuck that I vest in government backed retail price Index's or consumer price index's.

[Anonymous No.12986087]

>>12983449
well who are the children of those governors?

[Anonymous No.12986133]

>>12982737
>its that easy

[Anonymous No.12986213]

be me, join crypto start of 2017 with 12k, invest in icos all year, cashed out 800k, deposited 300k into stocks, up another 50k in 2018 while you cucks lost all in crypto thanks top buying cucks, I’m picking up 200k in btc soon once 3k breaks and you plebs capitulate

[Anonymous No.12986410]

>>12981300
not to late to get into Bitcoin, anon

[Anonymous No.12986479]

>>12983777
>relevant media channel that doesn't abide by mainstream politica

[Anonymous No.12986771]

>>12982716
Agreed. So many people say they "made it on their own" but refuse to acknowledge how little they actually did. Especially in regards to all the subtle ways they were helped along

[Anonymous No.12986795]

>>12986479
>jews gud
>mainstream politics
pick both goy

[Anonymous No.12986832]

>>12986213

Larp

[Anonymous No.12987468]

>>12981330
Based and Marx-pilled.

>>12981362
Bullshit. It didn't for 98% of homo sapiens existence.

[Anonymous No.12987707]

>>12981300

[Anonymous No.12987762]

>>12981300
majority got there by scamming or stealing in legal or illegal ways

you know it is true

[Anonymous No.12987773]

>>12983669
Lol this.

[Anonymous No.12987799]

>>12981300
You need to put your money to work for you, not work for money.
It's almost as simple as that.

[Anonymous No.12987824]

Hilarious hoe the slaves with a little more than the poorer slaves will defend their masters. You all get butt fucked by Jews and love it.

[Anonymous No.12987831]

>>12981300
all in link retard

[Anonymous No.12987941]

>>12983572
Living costs are also like 10x lower in the third world so almost everything ends up being almost the same price relatively.

[Anonymous No.12987980]

>>12987468
Of course they did, be it feudal lords or the guys with the biggest spiked club in the tribe