[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 133 KB, 1024x1448, 1516233495314.jpg [View same] [iqdb] [saucenao] [google]
16490158 No.16490158 [Reply] [Original]

1. Blue pill: You can't become rich, the game is rigged. Poor people will always be poor, you need too much capital and connections, most wealth is inherited, it's over. You only become rich by luck.
Blue pillers proceed to make money by: just working in whatever job they have, without saving nor investing anything. They usually try to get rich with single lucky events (playing the lottery or throwing everything they have on crypto), or they don't try at all.

2. Purple pill (the boomer way): You can become rich, but you need decades of your life. There's no other way. You need to work your ass of in your job while investing a big % of your salary in the stock market/ bonds etc, this will compound your money, and in 30 - 40+ years you will be rich and ready to retire at age 60 - 65. Patience and hard work is the key. You can also allocate a tiny % of your money in crypto or volatile assets.

3. The Redpill: Becoming rich is the ideal and it's possible but it doesn't make sense to work your whole life to just enjoy it in your 60's, nor does it make sense to play the lottery, or trying to get "lucky". The key here is to get a job in a very lucrative area. While working your ass of in this job you will start a business in your free time, this will probably take some years. At the same time, some % of what you make will go into the stock market, and a tiny % will go to crypto. At some point, your business should generate more money than what your job does, at this point you should focus 100% on growing your business and leave your job. This process should take at max 10 - 15 years, at that point it makes sense to sell your business and retire, or just keep working on it if you like it. If you start at 20, you should be ready by 30-35, at 25 by 35-40, at 30 by 40-45. This is the final and true redpill about wealth generation, and there is NO other way.

>> No.16490177

>>16490158
yeah until automation, ai or blackswann event ruins it for you
no thanks all in link

>> No.16490194

>>16490177
automation goes slower than what people think.
In 10-15 years truck drivers should be automated, but it's a very basic skill. Then you would probably need a few decades to automate some min wage jobs. Most people in the 50's thought cars would be flying in the year 2000+, and we're not even close.

>> No.16490206

4. The Whitepill. Obtain 10k LINK. Never wageslave again.

>> No.16490223

>>16490194
checkout the tech progress curve
unironically gonna go vertical from here

>> No.16490264

9/10 startups fail in the first 3 years. At that point you won't be where you started, but have an assload of debt.

>> No.16490274
File: 158 KB, 600x338, 9-26-scorsese-de-niro-pacino-hoffa.2e16d0ba.fill-735x490.png [View same] [iqdb] [saucenao] [google]
16490274

>the black pill
What pill? I know nothin' bout no pill.

>> No.16490302

>>16490264
I'd bet that number is higher now that fags like OP are getting into the markets for the first time

>> No.16490317

Greenpill: buy houses, renovate, sell.
every basic Jew does that

>> No.16490331

>>16490158
Anyone can become rich, but staying rich, powerful through generations? That requires certain nepotistic connections. Some lineages are just not allowed to fail, retarded drug addled school drop outs are handheld into high end positions. Meanwhile a self made rich man could have competent but not so lucky kids who drop right back down the ladder.

>> No.16490366

>>16490158
Sounds about right OP. Going with 3. redpill then. I've been working hard for the last 5 years so another 5-10 years and I'm set. Thanks OP for confirmation.

>> No.16490379

>>16490264
>9/10 startups fail in the first 3 years.
So? I never said it was easy.

>> No.16490533

>>16490379
First business fails, you have to file bankruptcy. How are you going to try again without capital and no one willing to give you a loan? There's a difference between "not easy"and impossible desu.