/biz/ - Business & Finance

[Anonymous No.55176291]

>10,000 years of human evolution and your line hasn't found a way to secure inter-generational wealth.
LMFAO
If you're not rich already, your bloodline ain't cut out for it. It's just not your destiny. And even if you do strike it lucky, your children and grandchildren will squander everything. 3 generations is all you can hope for.

But maybe a couple more rounds of evolution will fix it lmao

[Anonymous No.55176316]

my grandpa squandered the family fortune lol
you're right, it's over even if i make it

[Anonymous No.55176318]

I'll never forgive my amphibious ancestors, who were among the first to reside on land, for not securing prime real estate

[Anonymous No.55176408]

>>55176291
Most of us are here, because we like to meme it up. No one gets rich from biz advice.

[Anonymous No.55176412]

>>55176408
false

[Anonymous No.55176434]

>>55176412
non-fiction

[Anonymous No.55176990]

>>55176291
indisputably patrician

[Anonymous No.55177759]

>10,000 years
Honestly, I'd rather be poor than be stupid as fuck

[Anonymous No.55177786]

>>55176316
Same. I'm related to individuals with reputable patent inventions from the 1800s, and my grandparents nuked literally all of it.

[Anonymous No.55177813]

>>55176318
Imagine being a white Protestant American whose ancestors arrive to the US before WW2 and not being rich.
At least black Americans have a sob story as to why they're poor, what excuse do brokie WASPs have?

[Anonymous No.55177825]

>>55176291
>evolution

[Anonymous No.55177944]

I wonder how many families still have generational wealth from the 1800s or earlier, I’d imagine not more than a handful.

[Anonymous No.55177993]

Yep it was squandered, my great great great grandfather was a biz magnate started cities in Michigan and California but his son sold everything to become a fur trapper in Montana. That didn’t pan out.

[Anonymous No.55177995]

>1,400,000 years of human evolution and your line has found a way to secure inter-generational retardation

[Anonymous No.55178082]

>>55177944
boston brahmin and some other families in the northeast easily

[Anonymous No.55178608]

>>55177944
The rate of wealth retention from the 1800s is likely to be very low, likely well below 1%, due to the combined effects of wealth dissipation, population growth, societal changes, and inflation.

This is for wealth that goes beyond a couple of million in land and real estate. The attrition of entry level wealth is a bit less but the richer you family gets there is a tendency for the wealth to become more abstract and to depend on a multitude of factors that go way beyond just sitting on some land so it becomes much easier to fuck up.

[Anonymous No.55178744]

M y family used to have generational wealth but it's a big family and a lit got destroyed in wars and other political bullshit. I'm now accumulating on my own for the next generations.

[Anonymous No.55178752]

>>55177813
Alcohol and gambling. You can take the Scotsman out of Scotland but you can't force them to improve.

[Anonymous No.55178785]

My family is very rich.

Thank god, because im fucking useless. Im working a cozy wfh finance job until I get what is owed to me.

Only 5-10 years left.

[Anonymous No.55178828]

Money is a pretty shallow thing. Life is about more than money.
You might have a lot of money, but if you do not develop yourself as a person you are a poor man.

[Anonymous No.55178839]

>>55178828
Cope.

[Anonymous No.55178904]

>>55178828
>You might have a lot of money, but if you do not develop yourself as a person you are a poor man.


What kind of fkin development? On how to remain poor and satisfied, or what? Every Development in life should be centered on improvement and in the long run should provide value. Stop deceiving this niggle, Joe.

[Anonymous No.55178912]

>>55176291
>ain't
Degenerate low IQ nigger

[Anonymous No.55178938]

>>55178785
You're so fucking lucky to be in a family that has it all; just hope you won't be a jackass and dumb in finance and investment that can yield a better return. Crypto can be a good alternative, but I hate saying this to retards.

[Anonymous No.55178965]

>>55178912
Anon is factual here with his critic, and I see nothing wrong telling this to Jeet. Kek

[Anonymous No.55179005]

>>55178785
>tfw family is semi rich because my dad is the only one with a fruitful career
>tfw when he dies I'm probably only going to get like 300k which isn't enough money to make it so I gotta wage like the rest of you

[Anonymous No.55179030]

>>55179005
Call me when your dad croaks, I'll happily take the 300k if its "not enough" money for you.

[Anonymous No.55179055]

>>55179030
No sir I've never had more than 30k in my bank account that money is going straight to rental property or jewish dividend stocks

[Anonymous No.55179065]

>>55179005
>thinking of your dad’s death as a paycheck
Dude you legitimately deserve death. I hope he donates everything and doesn’t give you a fucking cent

[Anonymous No.55179085]

>>55179065
> "You can't acknowledge the existence of inheritance noooooo that basically means you want him to die!!"

[Anonymous No.55179109]

>>55179065
>you have to toil the mortal plane of existence for the rest of your life
>dude don't even think about the life changing money you will get when your father inevitably passes away

[Anonymous No.55179273]

>>55178938
I know im lucky, I dont want to touch the money. I will only invest in blue chips stocks and collect the dividend. Thats what made my family exponentially richer.

[Anonymous No.55179287]

>>55178785
i come from a wealthy family too, why are you useless? I've been looking for someone ambitious in finance why dont you have drive to do more?

[Anonymous No.55179392]

>>55179287
Im doing ok, im just not on the same level as the rest of my family.
They are running the family business wich is worth a bit more then 300 millions.

I dont think I will ever be able to handle something as big. Im not dumb, but im not as smart like my grand-father and uncle.

[Anonymous No.55179421]

>>55176291
Not everyone has family incest to keep it in the family

[Anonymous No.55179485]

>>55179273
Good plans. My major concern is the dividend yield, which is negligible and probably meant for the elite that have invested a lot to benefit from. This is unlike what DeFi is offering; precisely tokenized RWA like MNIcorp, Realionetwork, and many others can be a better alternative for those who can't afford most of these big shares and investments.
>blue chips stocks
Which of the blue chips stocks? DJIA Component?

[Anonymous No.55179490]

>>55176291
>Implying

[Anonymous No.55179509]

>>55179392
>Im not dumb, but im not as smart like my grand-father and uncle
Being smart and strategic is the product of learning and mastering the act of business (knowledge). You're just too lazy to equip yourself with the key principles involved. That alone makes you a dumbass, MF.

[Anonymous No.55179698]

>>55176291
I came from Titan like 10 years ago and shit is fucked. You charge tax on income, tax on land, tax on inheritance, tax on buying anything, tax on selling anything, the only one I don't have to pay is the fucking carbon tax because I'm Chlorine based. No shit nobody can transfer wealth dumbass, 200 years of serfs saving could never match this bleed. Thank god there aren't any Kikes where I'm from. The exchange rate is worth working in the US.

[Anonymous No.55180029]

>>55176316
This.
Had a big estate in england and blew the lot on gambling and where's
Fuck you!!!!

[Anonymous No.55180047]

>>55176291
Jews are pretty much the only clans that have found a way to pass on their wealth. Everyone else loses it in 3-4 generations.

[Anonymous No.55180058]

“Generational wealth” has to be distributed among multiple descendants to remain intact, and those family members have to have good relationships. It’s pretty easy for one dumbass heir to blow it all chainlink and dragon dildos.

[Anonymous No.55180295]

>>55176291
>loser who posts cartoon confectionary pics and can't convey his thoughts without placing LMAO at the end of each sentence explains how he became so successful

[Anonymous No.55180386]

>>55179509
I know my forces and I know my weakness aswell.

The business is a construction company. Its full of sharks trying to eat each other. I prefer living a cozy stress free life then having to deal with a lot of shady italians.

[Anonymous No.55180509]

>>55180386
Even at that, it still has a fraction of departments in which you can function. Anyway, you know yourself better than anyone, but if I were your dad, you must fucking work. I wasn't born with such an opportunity; I had to work my ass to get to where I am. Hopefully I will retire soon and embrace my dream house and car with my investment in many stocks, estates, and crypto (BTC, ETH, NFE on Polygon, and many others).

[Anonymous No.55180644]

>could have inherited millions if grandpa had just invested in stocks
>instead he bought gold because he was an "end of the world" christian prepper expecting the rapture

God damn I hate preppers. The entire "buy gold it's safe" industry is a scam to trick stupid fearful people into wasting their money.

[Anonymous No.55180756]

>>55176291
>great grandfather had millions
>it was all gone by the time my dad was born

[Anonymous No.55180829]

>>55179698
kek

[Anonymous No.55180850]

My great great grandfather had the setup but lost everything in a bankrun

[Anonymous No.55180859]

>>55179005
300k isnt even a lot and you are waiting for your dad to die
scum

[Anonymous No.55180862]

>>55177813
My dad has mental illness and abuse reasons
My grandpa, I have no clue.
I think my ancestors were just kind of retarded or valued other traits more than making money, like hippies or some shit.

[Anonymous No.55180865]

>>55180644
gold performed amazing over the last 30 years unless your grandpa bought the 2011 top

[Anonymous No.55180867]

>>55180859
300k is enough to buy a modest house and have enough to live for a modest 10 years.

[Anonymous No.55180871]

>>55176291
The problem with this "logic" is that my "bloodline" is carried through many different cousins. Many which have reproduced. grandpa has 7 sons, 5 grandsons have 12 sons. "haha, you line is dead!". actually it isn't, it's multiplied, the fact that I personally haven't reproduced is irrelevant. In fact it doesn't even matter at this point. Granddad already won. I can do whatever the fuck I want. seethe tho.

[Anonymous No.55180910]

>>55177944
My family did at one point. Northeast. Having a lot of children at one point actually ruined the generational wealth for my family. It's too bad but just got to rebuild it again. Don't fall for the have a lot of children meme anons.

[Anonymous No.55180918]

>>55180871
No one cares that your low-tier blood continues on.

[Anonymous No.55182782]

>>55176291
>>10,000 years of human evolution and your line hasn't found a way to secure inter-generational wealth.
social mobility has never been better in those 10,000 years than it is right now
information is so abundant that education is cheap
education and competence alone can easily lift someone from working class to middle class
economic instruments such as the stock market and crypto can further lift someone from middle class all the way to millionaire upper class

your demoralization thread is completely retarded

[Anonymous No.55182801]

>>55176291
>basing linealogical success on how good you are at collecting government mandated good boy points

[Anonymous No.55182881]

>>55182782
I think the observation that rich families pretty much all lose their fortunes at some point is interesting though. Makes me wonder why they even have inheritance taxes when a couple of generations down the line it’ll all be wasted on gambling and hookers by some loser heir.

[Anonymous No.55183431]

The so called rich and landed gentry is going to suffer the most. It's going to be fun inciting more violence

[Anonymous No.55183518]

>>55176291
>great great grandpa was one of the first people to arrive on the west coast and secured lots of property which they eventually sold to the railroads for big money
>great grandparents inherited that wealth and the old property where they lived and used it to secure their finances, then made even more money which they eventually bequeathed to my grandma and grandma
>grandma and grandpa weren't really interested in opening businesses and buying properties so they just used it all to retire early, sold all the properties, and are now squandering away the entire family fortune traveling around the world and spending months at vacation resorts or renting yachts and basically living it up
>my parents will inherit nothing of the fortune our ancestors spent their lives building up and passing down because my grandparents want to LARP as billionaires

[Anonymous No.55183530]

>>55176291
>10,000 years of human evolution and your line hasn't found a way to secure inter-generational wealth.
Do you want one?

[Anonymous No.55183777]

>>55183518
Kill your grand parents given the chance. Spike their tea with some poison. Hire a hitman. Just pillow them

[Anonymous No.55183827]

>>55183777
Trips checked, but I can't. They are currently out of the country traveling, as they have been doing for the past several years.

[Anonymous No.55183873]

>>55180029
Holy fuck same. Lost it all gambling. Fucking retard.

[Anonymous No.55183874]

>>55183518
that would enrage me to see all this money and have selfish stupid people in charge of it and them burning thru it all. than bonus you wont get any cuz they wont have left any over to get. I dont know how I would handle that and their stupid behaviors and sleep at night.

[Anonymous No.55183895]

Fucking maddening innit? Ive gotten closer to it in a few years than apparently all my predecessors have in centuries. Like what the fuck were you all doing all this time?

[Anonymous No.55183906]

>>55183518
Boomers were a goddam motherfucking mistake.