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/biz/ - Business & Finance

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17401192 No.17401192 [Reply] [Original]

>poor people think the secret to being rich is investing

>> No.17401201

>>17401192
>He thinks it isn't

>> No.17401207

>>17401192
>poor people
>think
gotta pick one my friend

>> No.17401208

>Poor people think you get rich through “hard work”

>> No.17401210

>>17401192
Literally what the fuck else would it be? No seriously. Answer that.

>> No.17401213

>>17401192
Then why am I making way more money than waging? And why is it that majority of people don’t even have money to invest?

>> No.17401222

>>17401208
this

>> No.17401242
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17401242

>>17401192
Fucking idiots right op? *high five*

>> No.17401277

>>17401242
investing is only worth it when you already have large sums of cash to invest. if you're a regular person, investing the $500 under your mattress is a waste of your $500.

>> No.17401343

>>17401277
You’re a loser. I started with less than that in 2016 and I have well into five figures in crypto today

>> No.17401361

>>17401343
bootstraps zoomer

>> No.17401455

>>17401277
And what should I spend my 500 dollars instead?

>> No.17401464

>>17401455
something that is actually beneficial

>> No.17401474

>>17401464
Like?

>> No.17401475
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17401475

>>17401192
>FUD has now devolved to the point where it's just fucking wrong

>> No.17401486
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17401486

>>17401208
not all ,

my father says "you dont get rich by working"

and is the main reason why i started "investing" in crypto

>> No.17401490
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17401490

>>17401474

>> No.17401495

>>17401192
No, Poor people think the secret to being rich is going to a casino or buying lottery tickets.

>> No.17401524

>>17401474
>>17401455

This is why you're broke. You have a negative attitude and want everyone to spoon feed you information and success even when it is literally at your fingertips. See you at the checkout counter.

>> No.17401559

>>17401475
This. Just shit, shit advice. Smart people save money, wise people invest it.

>> No.17401575

>>17401559
How the fuck do i get rich from saving money?

>> No.17401591

>>17401559
and rich people start their own companies. if you think you're going to become rich investing into stocks you're retarded. out of the top 100 richest people, not ONE person is an investor.

>> No.17401602

>>17401591
you dont need to be top 100 to be rich lmao

anyway most of them are top 100 because of corruption in 3rd world countries

>> No.17401610

>>17401591
You might not be able to invest into the top 100, but you can get into the top 10% and live a comfy life if you are smart and lucky.

>> No.17401612
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17401612

>dumb people think you have to be rich to buy stock

>> No.17401613

>>17401602
you don't need to be top 100, but it's good proof that investing won't make you rich.

>> No.17401615

>>17401591
most people that start their own companies end up with debt

>> No.17401630

>>17401615
fair, but most people don't have what it takes to do it and they fail because of that.

>> No.17401644

>>17401455
Gucci pants and a new pair of nikes ™

>> No.17401664

>>17401615
The company ends up in debt. They personally wouldn't end up in debt over that unless they were a dumbass.

>> No.17401667

>>17401630
right so probably better for those people to invest then isn't it? sitting here like you know what the fuck you're talking about and are totally certain you'll be able to succeed lmfao

>> No.17401668

>>17401192
poor people think the secret to being rich is being lottery tickets and betting at the casino

>> No.17401699

>>17401591
Lmao. God tier bait.

>> No.17401710

>>17401667
i am not a business man. i have not had a job in 11 months.

>> No.17401772

>>17401524
You're such a cock sucker dude. I knew you were gonna dodge the question

>> No.17401837
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17401837

>>17401772
>You're such a cock sucker dude.

Why? Because I call you out on your bullshit? You're a loser

>I knew you were gonna dodge the question

Dodge what question? I can't predict what company is going to have strong fundamentals in the future and even if I did why would I tell you? Why would anyone tell you the secretes to a mass fortunes for free? You have the mentality of an entitled child.

>> No.17401858

>>17401837
Oh so you're saying invest in companies with a strong future?

Do you have brain damage? I didn't ask you specifically, but since your entire premise is not to invest, you clearly don't know what the fuck you're doing.

Kill yourself

>> No.17401877

>>17401858

>Take my order wagie

>> No.17401889

>>17401877
>i don't have an answer and I must larp

>> No.17401907

The secret to being rich is an accumulation of consecutive years of making wise financial decisions. If you do this, limited your risk and loses, and stay consistent for years, then you are already well ahead of the average retard. Poor people who get old and finally realize this are bitter. Don't be one of those people

>> No.17401912

>>17401858
invest in yourself. get some kind of certification that you need to open your own business, or something else. there's a million ways to spend that money productively. investing in something that BEST CASE SCENARIO doubles your money and gives you $1000 dollars isn't going to help you out in the long term.

>> No.17401914

>>17401889

How old are you?

>> No.17401938

>>17401912
Oh ok I'm not arguing with op. Sorry friend. Yeah, I'm doing those things. This is definitely a good point. I do think it is important to invest though, unless you have no education.

>>17401914
25, financially stable and make good money

>> No.17401945

>>17401938
>financially stable and make good money

Networth and line of occupation please?

>> No.17401972
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17401972

>>17401945
Mechanical engineer, my net worth is none of your business. But I'm investing my time in making a move to electrical, maybe grad school.

>> No.17402008

>>17401972

lol

>> No.17402025

>>17402008
No argument? That's sad

>> No.17402039

Lot of faggots ITT. Gonna have a hard time convincing me that there was anything better to do with my money, let alone my life, than to buy as much LINK as humanly possible under $1.

Way I see it, if I had a high IQ, i would have invented Chainlink. but I don't, so I just invest in it. capice?

>> No.17402064

>>17401455
Unironically you can put it into a well researched crypto, I mean in the right conditions it’s not hard to at least double your money.
Or another way is to look at wholesale products you can buy with it and resell for profit. Again research the products properly, it will take you a few goes to stumble on the right product.

Prepare to have your $500 ‘stuck’ in whatever you do, like maybe the crypto you put it in drops 10%, or you can’t seem to sell what you bought. The main normie mistake of investing is expecting instant returns, staring at the price of the stock you bought or expecting an influx of orders for your product. When neither happens you think you’ve failed and give up, when in reality this is just reality.
I opened a business almost 2 years ago and for the first year and a half it was awful, I was scrimping and saving, at points I was down to £50 to spend on stock lieing to the staff that the wholesalers were sold out when reality was I just had no money.
It turned round, it always turns round if you persist with the right methods, I know for a fact most normies would have threw in the towel after 6 months because they wernt millionaires by then. Have a vision, plan how to achieve the vision and trust in it.

>> No.17402107

wouldn't call myself rich, but maybe slightly wealthy I guess? 29 years old with a $550k net worth. I just do index funds and live well below my means.

>> No.17402122

>>17401192
if a poor person wins $500 on scratch tickets, they'll buy $500 worth of more scratch tickets

>> No.17402161

>>17401192
nothing wrong with it. i'd rather put my money in crypto than constantly buying lottery tickets.

>> No.17402297

>>17401277
That's a one-off. An average person saving 5-15% of their income monthly quite quickly compounds.

>> No.17402324

You don't get rich. You're born into it. Even guys who are made out to have 'made it' were already rich they just got richer. If you were born working class/middle class there is no hope for you.

>> No.17402532

>>17401455
Buy apple seeds wholesale and become the new Johnny Appleseed

>> No.17402544

>>17402532
Based

>> No.17402565

>>17401192
The secret to getting rich is investing WITH OTHER PEOPLES MONEY

>> No.17402997

>>17401208
absolutely this one

>> No.17403186

>>17402008
What is your line of occupation?

>> No.17403219

>>17401612
Me and a bud did some swinging on SPCE and this normy chick was reading on it but is too scared to pull the trigger.

>> No.17403228

>>17401192
dumbass.. I told you to answer and you run away: >>17401210

>> No.17403248

>>17401222
checked

>> No.17403290

>>17401192
Really poor people think the only path they have to wealth is a lottery or by theft.

Poor people think the only path they have to wealth is through a giveaway, be it inheritance or a generous friend. They know it’s not hard work because they’ve been working hard for years.

Middle class people think the path to wealth is through saving and working hard. They don’t work hard so they don’t know any better, they just assume if they did more of the middling work they’re doing, it would bridge the gap.

Upper middle class people think the path to wealth is through responsible investment and some luck.

Rich people know the path to wealth is large debt and positive cash flow - i.e. maintaining a perfect, deep credit profile so they can rent apartment buildings out using a bank loan.

The further up you get in the world of finance the more credit history is used as a threat, which should tell you all you need to know about where the power actually lies.

>> No.17403303

>>17401210
Creating something? Inventing something?

>> No.17403306

>>17401208
You can, but it requires smart hard work. And it's only a route available to people who have a passion for something.

>> No.17403309

>>17403290
Top 1% of americans own more than the bottom 90%.
This stat alone destroys those dumbass bootlickers that think "muh work ethic" will get them rich.

>> No.17403317

>>17403290
who the fuck types like this? what is the point of putting a space after each line? it doesn't improve readability, it just looks like crap.

>> No.17403320

>>17403303
You are an omega retard for being vague as fuck. It's also funny you most likely have nothing and are giving advice on how to make money when you are either a neet or a nobody yourself.

>> No.17403326

>>17403317
god you’re so butthurt, move on

>> No.17403351

>>17403320
Is it not true? Do people not get rich based off of what they create? ...Apple? Microsoft? Google? Amazon? Somebody had to create those companies, products and services

>> No.17403353

>>17403306
It's less that you get rich from hard work and more that hard work is supposed to be a temporary measure to give you the capital it takes to become really rich.
People who think hard work itself is the key become middle managers, hated by all and think they "made it" in life by making 85k a year with bonuses.

>> No.17403382

>>17403326
I mean agree with your post

>> No.17403401

>>17403353
By "smart hard work" I mean inventing something that's going to make you billions or making your own indie game masterpiece that fucking explodes. Most people don't have what it takes. I in no way refer to wage slaving at some faggot job.

>> No.17403413

>>17403382
the reddit spacing meme pisses me off because i’ve been typing that way since I started visiting in winter 2015

sorry /biz/ro, i try to be a frenposter. may your lines be evergreen.

>> No.17403438

>>17403413
I don't care about reddit I was just annoyed by the spacing. Just keep being yourself, don't worry about me

>> No.17403461

>>17403413
It makes complete sense to type like that. separate subjects/ideas separate paragraphs.

>> No.17403645

>>17401343
Good job now you have a lot of cash in monopoly money. Congrats

>> No.17403664

>>17403290
post is in the money

>> No.17403727

>>17401208
>black-and-white thinking

>> No.17403755

>>17403461
I'd use indented paragraphs like a book if only I knew how to triforce.

>> No.17403858

>>17401192
when in actual fact the secret is just investing in CENNZ

>> No.17404090

>>17401524
OP is being ambiguous and not answering questions. Lo and behold, OP is a faggot.

>> No.17404241

>>17403351
Put your money where your mouth is. It is easier to invest an assets than gamble by basically trying to create a niche product

>> No.17404249

>>17404241
*in assets

>> No.17404307

>>17403401
>>17403351
You dont have to invent something. Most businesses started offering products that already existed, they just marketed themselves better. You can also make money through arbitrage and other market inefficiencies which arent "creating" but still provide money making opportunity.

>> No.17404394

>>17401455
What do u expect from that 500?

>> No.17404487

>>17402064
U say it turned around because of persistence but you discount the importance of luck of which u avoided the bad kind.

>> No.17404654

>>17401192
It’s being Jewish or becoming a shabbos goy isn’t it

>> No.17404887

>>17401615
So what? Declare bankruptcy and throw the dice agien. Just like Trump

>> No.17404945
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17404945

>>17403353
>>17403306
>>17401208
Poor people work for money
Rich people have money work for them.