/biz/ - Business & Finance

they are constantly reaping dividends from whatever their assets are in. real estate, stock market, businesses they own. They don't do anything because they don't have to.

I know I don't have a lot to throw out into the game, but with $12-20k what can I do?

>>8985767
and to follow up, most successful people in this country inherit some kind of wealth to begin with. some of these people you meet probably have never or will never do anything worthwhile for the market but will perpetually be rich, passing shit on to the next generation.

>>8985797
honestly, hope for the best in crypto. find the oil field before vehicles are invented. stock market gains are a few percent annually and that is jack shit with your savings.

Most of these people breed shrimps. Yeah, I knows it seems silly but did you know if you do it well you could sell each for $10? All you gotta do is have a nice tank, feed them some food and let them do their thing. Soon you will have a big colony of shrimps, like 100+ shrimps.

>>8985732
A mix of daddy's money, credit card debt, and your confirmation bias. Stop worrying about what others have, and you'll enjoy life more.

>>8985837
this
shrimp are a one time expense that pays you endlessly

>>8985837
Last year I got out of welding and into shrimp breeding. I was pulling in about $300K/year welding, but right now I'm on track to hit $500K this year with shrimp.

>>8985837
100+ shrimps?!? That's like....a while $1000!!!!

>>8985837
100*10 = rich

>>8985837
yeah but if more people did this wouldn’t the shrimp price plummet? seems like a risky investment

Credit and about $300k a year income does that for you.

>>8985894
thanks just bought 100k

>>8985837
this is real lmao. Reading up on it now

>>8985894
how? what was your initial investment for the shrimp?
where do you sell them?
how do i into shrimp

>>8985732
This post reeks of your own self-pity.

>>8985837
SHHHHH... we're not supposed to let the lower class know about the shrimps.

>>8985920
Yes. The shrimp market is way over bought. You need to get in on the next hot market early. Personally I've had a lot of success breeding snails. Plus you get dividends from the caviar they make.

>>8985837
to be fair, many people are getting into the shrimp business now that crypto is over. there's a window to get in, maybe the next 2 years or so, but it's closing fast. make your profits and get out

>>8985912

thats per tank bro, you can set up around 100 tanks in a small space since you can stack them on racks and such

>>8985732
Upper middle class is nothing. It's basically like middle class but bigger stuff. 1 to 5 million net worth. My dad works in the government his enitre like to get that.

What's better is upper class. Where you own multiple businesses and fly in personal planes. That's the life I want.

>>8985732
source of income is capital gains from stocks and rentals mostly. not salaries. 85% american stock market is owned by 10% of richest households

SHRIMPS SHRIMPS EVERYONE GET IN TO SHRIMPS QUICK BUY BUY BUY

It's family money. My friend is a trust fund baby and lives the life you describe.
Most self-made rich people usually keep working their asses off.

>>8985732
>My business puts me in constant contact with the upper middle class.
Have you ever decided to have a conversation with them? Do you know that when you speak to people, they tell you things?

I breed shrimp for sexual fetishes.
Also tasted myself that kink and I must say it is good.

>>8985732
Hey OP, I was born into one of these families.

My dad is a sports radio and tv host, my mum owns a PR firm, and my Stepfather does private contracting for the military after serving as a green beret for several years.
All three of them have a few things in common:
>they all have rental properties
>they are all significantly invested, with both time and money, into their investments
>they take significant risks
>Only one of them(my mum, who interestingly earns the least) went to university
>each have extremely stringent money habits, only allocating "splurge" money to one or two hobbies(cars for my dad and stepfather, travel for my mum)
>they taught me from a VERY young age how to manage and make money
>all three are entirely selfmade - my mum is an immigrant from Rhodesia, my stepfather worked his ass off in the military, my dad started as an intern at a local news station)
>THEY AVOID BAD DEBT(credit cards, student debt, etc) AT ALL COSTS and only use manageable debt to build credit

I know this all sounds like a larp but the whole point of long ass blog post is that the most important thing to do is watch your money like a fucking hawk. Finances are one of the most important things in our lives, and they should be treated as such.

I'm only 19 but I am now making enough with my own business to fund my university schooling(with significant help from the GI bill and a few scholarships, thank god), and spend my time running aforementioned business and shipping MVP software.

>>8986100
>>8986056
WHAT THE FUCK IS THIS SHRIMP MEME? IS IT ACTUALLY PROFITABLE?
CAN I RUN IT FROM MY DORM?

>>8986127
>I'm only 19 but I am now making enough with my own business to fund my university schooling
Why? That's like saying "I'm 6'3, 190lbs of muscle, no body fat, and I'm about to go learn how to diet and exercise". If you're earning enough already, what will school teach you?

>>8985837
Reminds me of the anon who was going to start an egg business and buy 150 hens and 150 roosters lmao

>>8985732
lol what a pathetic little reddit twerp you are.

you'll always be a dogshit loser, OP.

>>8986200
>150 hens and 150 roosters
>150 roosters
lmao what a character

>>8986166
It's like mining bitcoin in 2012.

>>8986181
He's an actor for the American dream.

>>8986181
I already tried getting hired by people with my resume, which, aside from what I do, isn't long.

I've also minimized costs as best as possible by attending a CC right next to a top state school that I already got accepted to, living way under my means and saving as much as possible.

Trust me, I've thought this out.

Where do I get splained how rental ownership works?

My dad owns a company and works his ass off, my mom made practically enough to get by with one rental years ago but I think she doesn't really know what she's doing so I want good advice.

What's a good amount to invest in a property?

>>8986246
Could you explain this meme to me, anon? There's absolutely no way raising shrimp has the same demand and functionality as blockchain tech, but please explain. I'm somewhat intrigued

Everyone here is wrong

They are either working their asses off running a business or high level management, have already worked their asses off and are reaping the rewards and will likely have to do so again periodically, or they're heavily in debt

The other class are temporarily embarrassed millionaires working low level high paying jobs, and I dont consider them upper middle class because they're mostly man children

>>8986062
It's not, people barely ever get inheritance much less a large class of people getting an abundant inheritance

What is more likely is that the plebs of the world see parents having money and kids having money, and make an unga bunga conclusion.

In reality either the family is intelligent and that leads to higher income, or the family is well connected, getting their progeny easier access to better jobs, or both.

Read Charles Murray coming apart

>>8986313
Wait is it real? I thought everyone was just meming about shrimping so I was just meming along with them.

>>8986405
I have no idea. I'm pretty sure it's a meme aswell lol

>>8985732
DESU yoga pants are maybe $200, a second hand bentley can be as low as $1,000 per month, and a nice kitchen in a rental can be had, depending on state, for $2,500 per month.

So you're basically interacting with people who earn enough to fund a lifestyle at or around $70,000 before tax.

$42,000 for rent and car loan/lease, + expenses for yoga pants, yoga, smoothies, etc.

So that could be a married couple both earning $35,000 as school teachers with the husband wearing walmart while his wife wears gucci.

>>8985732
unironically buy LINK. a lot of those people got rich during bubbles. smart contract bubble has its just getting started. I know someone shilled ethereum on here when i was looking to leave the 9-5 lifestyle and get something to invest in long term and it helped me out. just helped you and any fellow anon with this so you can get your feet wet and start living life the real way it was supposed to be lived.

>>8985797
lol first it was $12k now its $12-20k

>>8986127
Does your real dad feel cucked that your mom is getting railed by a greenie beanie's weenie?

>>8986472
>unironically buy LINK
(You)

>>8985797
Buy ether on the next dip and get into ether goo

>>8985732
You must be very poor to be impressed by that, post your Ether wallet and I'll give you an Ether dude. Anything to help the poor.

>>8986585
Nah, they both cheated on each other for years before the divorce. That's one quality I hate about both of them and will never follow

>>8985732
>second hand range rover

As if this is anything to brag about what-so-fucking-ever. I know 25yo mickeyD workers driving second hand rangerover/BMW's/Audis.

>>8986654
0x670e3b6b73c2a94ea783c55c518aca6f43279857

Thanks

>>8985837
tx just bought 100k shrimp

>>8986281
That doesn’t answer his question. If your businesses are already bringing in >$100k a year, why go to school to get hired by someone else to make $150k a year? Could easily just double the size of your businesses instead

>>8986692
Did he send it to you? 12 k is rich to me lucky.

>>8985732
It's usually some kind of fixed income trust fund. In fact you be surprised by how many corner stores and such in and around cities are basically just unprofitable hobbies for children/wives of rich people given trust funds.

>>8985732
>upper middle class

This doesn't really exist as a class. If you aren't working and you are living a lifestyle, you are wealthy.

If you are working, but living a lifestyle above your current means, you are either well-educated and on track to be upper class, or, larping and destined to be poor and lower class.

If you aren't working and are living a good lifestyle, you are already upper class. You are liking from a wealthy family and you know you have money coming your way.

>>8986718
I'm not doing anything NEAR 100k. Last year was my best ever and I did 65k before taxes. It's a hell of a lot more than any other college kid but still certainly not "rich" by any stretch of the imagination. This year I hope to do 70k or 75k.

>>8985732

stealing from blacks, immigrants, and the poor

>>8986127
You could waste your life with all that bs but I have one word for you anon and that word is 'Shrimps' pic related a shrimp made of gold

>>8985732
It's called having rich parents. If you don't have them these days you're fucked. The only people i went to high school with that are actually getting married, buying homes, etc all had rich parents.

>>8985797
You can buy 5-6 pounds of weed and start flipping it if you know the right people. If not you can piss it all away on crypto or out it in the stock market for 4-6% gains. You could use it as a down payment on a 4 apartment unit building and rent out those rooms. You have a few options.

>>8986127
IT'S NOT HOW MUCH YOU MAKE, BUT HOW MUCH YOU SAVE

Also I hope your Mother has remembered why she immigrated from Rhodesia and hasn't become a civic nationalist cuck

>>8985837
>>8985894
DELET THIS

>>8986022
LOLLOLOL

>2012
>still farming shrimp and not algae

Here faggots, let me do /biz/ a favor since some of you guys are alright and helped me in the past: https://www.youtube.com/watch?v=vv0s-vOep_c

Algae is your key to financial freedom.

>>8985837
https://www.atlasobscura.com/articles/frog-farming-1930s-failure-ponds-canning-legs-conservation

>>8986851
>t.RichLiberals

just opened up my H Y D R O P O N I C S H R I M P F A R M fellow /biz/raelites

*dips shrimp in red sauce* MMM MMM MMMMM

DELICIOUS

>>8986313
Just buy the fucking shrimp, asshole.

>>8986886
>IT'S NOT HOW MUCH YOU MAKE, BUT HOW MUCH YOU SAVE
No anon, it's how much you invest.

If you can see the money, you WILL spend it. Whenever I make money that I don't need at that VERY moment, I will put it somewhere I can't easily get to it.

And no she hasn't. She puts on a good facade for PR but is one of the most conservative people I know.

WHY THE FLYING FUCK ARE YOU ASSHOLES GIVING THE SHRIMP SECRET AWAY. I LURKED THIS BOARD FOR YEARS TO FIGURE IT OUT WHY THE FUCK ARE YOU GIVING IT AWAY. NEXT IT WILL BE THE FUCKING NORMIES AND THE MARKET WILL BE WORTH FUCK ALL. NEVER MENTION THE SHRIMP AGAIN.

>>8986313
You can actually amke decent money by growing aquarium shrimp. You don't really ahve to feed them and they breed prodigously. I thought about doing it about a year ago but by that time it was obvious shrimp was in a bubble. I decide to do grow algae instead and the bubble has just started forming. I honestly think that the algae market will be 10x larger than the Neocaridina davidi market.

>>8986692
Reported! Enjoy your ban.

>2018
>not developing and owning seed patents for martian agriculture


it's like you want to be poor

>>8985732
Businesses that they've put on autopilot. The people you meet are likely 2nd generation rich that never had to plan and make a deal just reaping what their daddy and mommy made and living off trust income (market investments and dividends)

Aquaruim shrimps?....mmmmmm

>>8986200
kek i was in that thread.

Assuming we get rich from Bitcoin, just buy a quadplex and rent all four $1200 x 4 = retirement the rest of your life. That's easy mode.

Hard mode is starting a business. Rental is way easier

>>8985732
>upper middle class
>Used Bentley
Lol. Upper middle class people make 100-200k. None of them can afford a five year old Bentley

>>8985894
Not to mention that Trump’s tax reforms have really helped the shrimp industry

unf shes got some legs

>>8987167
Or you could do both. I like a challenge, but solid, guaranteed monthly income is a must no matter how you get it

>>8985837
is this a new meme?

going to buy an aquaruim tomorrow

>>8985732
If you mean people who make like 200k then most of them just have a decent education and a decent job? There’s not really any secret to that.

>>8985732
Cash out refinances is how.

you americans need to stop with the "upper middle class". the people OP describes are obviously upper class.

here:
WORKING CLASS = poor
MIDDLE CLASS = wageslaves
UPPER CLASS = rich fucks

see? simple.

Shrimp business is still a thing, but you need yo follow demand. I figured out the strongest/biggest shrimp were in demand. So after some artificial selection i had the most fit shrimp. Made 1kk last year

>>8987305
Except upper-middle class is a thing. A firefighter making 55k a year and an MBA making 150k are not in the same socioeconomic group.

>>8987016
Truer words were never spoken

>>8986472
Jesus fucking christ, dude enough with the Link memes.

Well I guess I can get into rentals. Problem is it has taken me almost a year to put up $12k unallocated except for as capital or some other investment.

How to property with such small capital?

>>8987190
Yes. Yesterday there was a shrimp breeding thread. Shortly after the thread was posted a bunch of FUD posters appeared.

>>8987802
>firefighter

I actually missed this firefighters, policemen, and other government union stooges would legitimately count as upper middle-class. They are usually clearing around $200k with benefits and it's hard to move up or down. They are permanent upper middle classers.

MBAs can be anything. It's generally a retarded degree to get unless you are at a top 10 school that will give you a network of smart/wealthy people.

>>8988651
>firefighters
>$200k

What world do you live in?

>>8985837

Based shrimp poster.

>>8985894
same

>>8985837
red:wave2: Selling Shrimps! 10gp ea.!!

>>8986768
Abbott Kinney street in venice is more than half unprofitable hobby businesses

>>8988793
>What world do you live in?

Look at any big city and anyone achieving any rank is making that. It's all public record. Just look up a big city and you can query how much people make. They are also retiring around 50 with a pension. Governments are completely inefficient and non-sustainable.

>>8985837

>>8987082
hey anon, what kind of foods or nutrients do you purchase to sustain your algae? asking for a friend

I hear of a lot of plans that are "do nothing" revenue streams.

I keep hearing about this but it sounds too good to be true, or else why wouldn't everybody do it?

Plans?

>>8986692
Just sent 100k shrimp

>>8986313
mfw all this meming will eventually be taken seriously by some random autist

mfw i know i will come upon a shrimp thread in the next few weeks by some motherfucker that will actually try to buy and sell shrimp

i cant wait, i love you all

Inheritance. Unsurprisingly the majority of all wealth was generated in the past.

>>8989082
I'm going to buy a food truck and sell shrimp. I'll grow the shrimp myself and feed them algae that I'll also grow myself. I'm going to feed the algae spiders that I'll also grow myself. There are plenty of ants all around my house and I'll use those as a free food source for my spiders thus making my supply of shrimp practically free. All I have to do is pay for the electricity for the aquariums and the gas and insurance for the truck and everything else is all profit.

>>8989141
Most families lose their wealth within 3-4 generations.

>>8988962
Most people don't do any research. And most people don't have the common sense or financial self discipline to invest some of their income every month even if it will let them retire 10-20 years early.

If you save up six months of rent/food as an emergency fund then invest 10%+ every month you will be financially better off than the vast majority.

>>8989388

Damn, I think I'm going to stop eating shrimp.

>>8989450
Eat LESS buy MORE

>>8986200
my sides

>>8985831
>in this country inherit some kind of wealth to begin with
this, all around the globe the biggest source of wealth is inheritance.

>>8989450
C'mon bro, I'll give you a great deal.

Man, that guy on /fit/ who eats a kilo of shrimp every day must be worth a fortune.

>>8986200
Why did this make me laugh so hard lmao

>>8989401
So there "are" limited risk investments with returns that could support my current lifestyle? I'm making it on only $5k/mo right now, and it's comfy living but I spend too much time managing and working right now to enjoy what I have.

What's a good start as far as "do nothing" investment plans?

ETF's, mutual funds, REIT, which is the wisest first step, considering I'm sitting on unnallocated G's as it is.

I don't mean just my savings account, I mean specifically money I'm holding onto just to invest.

>>8986437
It's not a meme. I'm getting an aquariam installed tomorrow. Built an insulated shed in my yard and dug out a 10x10x3 inside.

Pic related, I already have two sushi restaurants that are interested and I'm going to be shilling my shrimps to a local fish market. Also farmer's markets are lucrative

Pic fucking related

>>8988793
firefighters here in the US make stupid $.

>>8985894
I just finished doing some research and HOLY SHIT. To think that all this time I've been trading crypto and losing money when I could have been making a fortune breeding shrimp. FML my dude.

>>8985732
delete this thread, I've been making a comfy 2gs a week farming shrimps in my backyard for over a year. I don't need more competition.

>>8990215
Thnx just solicited my bank a business loan for 100k

now, what is the best shrimp breed to grow

>>8985732
Most wealthy people that i know grow mescal worms for Tequila. Disregard the anons with the shrip farns - for it is only a ruse to lure you away from the Mescal Game.

This whole thing reminds me of the Dutch tulip market, just not as insane yet.

>>8985837
Thanks for the shrimp pro tip, /biz/. I think I'll be on easy street soon with those sweet shrimp bux!

>>8990513
red crystal