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1) Accumulate enough money or be financially secure enough to start investing money in projects. (Having rich parents / other backers helps) 2) Take financial risks and succeed in them. (Having rich parents / other backers helps) 3) Take time to learn skills which improve your career prospects. (Having rich parents / other backers helps) 4) Connect with role models and people who can mentor you or help you out in some way (Having rich parents / other backers helps) 5) Make sure people see you as someone reliable and who they can believe in (Having rich parents / other backers helps) 6) Raise money from investments and property 7) Continue raising money until you die
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Nov 5, 2019 23:23
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| # ¿ May 15, 2024 14:29 |
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There is no single path to riches in a capitalist system. At best there are established routes to moderate wealth. This is because once one person or organisation figures out how to exploit a niche for massive profit and does so - - woops, if you try the same thing, you're in competition with them. And they have the first mover advantage. You would be best off studying strategic thinking and leadership related stuff (or an MBA) if you want to be in charge of organisations that generate massive wealth, though.
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Nov 7, 2019 17:50
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Salt Fish posted:You're not rich if you need to "go to work" to make your money. Fixed that for you, and for the snarky poster above. Some heart surgeons and investment bankers are broke af by the standards of how much financial freedom they have though: it doesn't matter how glossy your life is when you're half a million in debt and have to work crazy hours to maintain your lifestyle and debts. See also, the perennial "daddy's business failed and now we're broke" category of (actual) temporarily embarrassed millionaires. Investment bankers seem to be particularly prone to this what with being people who enjoy taking risks. E: And to develop the theme in line with thread title - being rich means having enough to cover your needs and those of your dependents in perpetuity. If you want the bonus points make this "so that none of my descendents are ever in a position of poverty" either. What that means is being rich in a real sense can be quite humble, and certainly not living in ridiculous luxury. £5m in net worth in the UK might do it. In other parts of the world less than £1m would make you rich beyond the dreams of avarice. Wealth can be as much about adjusting your desires and needs to reality as actually being absurdly wealthy. Beyond this level of wealth you're pursuing something other than quality of life and security, and then it becomes about values - why do you want £10m? £100m? To be Jeff Bezos? The answer seems to be in most cases that billionaires are deeply unhappy and pathological personalities who use money to fulfil a psychological need. Douglas Rushkoff wrote a good article on this a while back and it's bourne out by many wannabe billionaires I know. "What use is the whole world if it cost a man his immortal soul? " E2: It also means wealth can come from sources other than personal net worth. If you have a lot of support from a big community, that is a form of capital that you can't register in a ledger. Probably the happiest people are those who have both a decent amount of net worth but also, and more importantly, who are integrated into their communities and have a clear purpose for doing what they do. Purple Prince fucked around with this message at 10:54 on Nov 8, 2019 |
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Nov 8, 2019 10:24
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I mean "convince powerful person to sponsor your poo poo" has been a pretty reliable survival tactic throughout history. As long as hierarchy exists that one's going to work out.
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Nov 12, 2019 18:00
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