Why does everyone talk about it like it's some elusive secret club when literally 1-in-100 people are in it, and that's without factoring in the fact that at least 50 of them never try? Your odds are actually quite good when you think about it.
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>>2052471 (OP)
>1 out of a hundrd
>good chance
cool
also
are we forgetting
the only club that matters
>0.01%
why aren't you a billionaire yet /biz/?
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>>2052471 (OP)
The one percent is there yes. People fall in and out of it and it's never truly a set of people like some organization.
but the top 1 percent of the percent......
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>>2052471 (OP)
>1-in-100 people are in it
I truly believe I am one of those people.
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>>2052471 (OP)
excellent point! ty for the refresher at this juncture
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>>2053513
Everyone has their own path but I think if there's a secret to it it's just never giving up. Accept and learn from your failures but never consign yourself to being one. If you keep trying one day chances are that at least one of your attempts is going to come good. Especially when 50% of the 50% that do try likely only try once.
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>>2053435
>But money begets money
True. But top investors like Warren Buffet don't make SICK GAINZ. They make like 15% returns.
>Getting into the one percent in the first place should theoretically be harder.
Don't know about that one. I'm not saying that it's easy, but I think in theory, it's enough to be innovative and smart. Tech industry BTFO everyone else these past few decades just by being smarter.
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Pretty sure its like becoming a freemason....all you have to do is ask. I mean I started from foster Care and I make 6 figures now. I'm still about 150k a year from being a one precenter but that may change quickly since I'm picking up a multi unit rental and some of my investments are paying off well. I think within the next 5 years I may be in that elusive 1% club. I mean I can't believe how stupid some rich people I know are. I also can't believe the human trash the masons are letting in their club....now that I'm here its not nearly as impressive as I thought it would be.
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>>2053894
that's kind of what i meant dude
i think you are talking more about people who are successful in business, and i'm addressing it more from an investment perspective.
>t. i've known crackheads who talked about the piles of cash they've blown on scratchers as 'investments'
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I'm a janitor at a crappy high school. I'm ever I going to reach the 1%?
I also smoke all my money away in weed. I voted for Trump, I waiting for the good times.
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>>2052471 (OP)
Ur rite op y r the 1/100 ppl called the 1% dat doesn't meak sens
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>>2054047
Fair point, but not a strong analogy. While it's true that an investment in education or training is no guarantee of success, the real question is whether the individual has the underlying intelligence, skills, and talents that are highly valued in the market. In practice, people with these desirable traits tend to find the appropriate ways to exchange them for money. In a capitalistic society, such people are always valuable.
By contrast, starting a business involves risk externalities far beyond the control of the business owner. Success (or failure) often bears no correlation to talent or skill. In other words, you can do everything right and still fail. Every time.
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>>2054100
With potentially bigger rewards but I take your point. If you have a marketable talent or skill and the qualifications to show for it that's definitely the more sensible path but it's definitely worth the risk if the alternative is being a 50 hour wage slave in a job you could do in your sleep.
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>>2054357
Nope. Your premise seems to assumes that taking these risks has no cost, which is of course patently false. Investments have risk of loss, and starting a business costs capital and time. In most cases, that "50 hour wage slave" path is going to result in the highest return to the individual, which is what matters. Indeed, you're trying to color the discussion by using terms like "wage slave" in the first place.
You can't give financial advice on the basis of "you've got nothing to lose" when most people do, in fact, have something to lose.
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>>2054455
But that 1-in-50 is just the times it pays off big. The times it just about allows you to break even are going to be greater again and I'm posting on 4chan so I'm assuming most people here don't have a family of five to feed.
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>>2054796
>A third of start ups survive 10 years
Doesn't mean they're profitable, let alone that the owners make more than if they pursued a conventional wage/salary position.
Besides, you were tossing out fake statistics about making it big. Suddenly you've changed to talking about "surviving." That's a big move of the goalposts.
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>>2055250
>How does it feel to smash someone's dreams, anon.
>Did it feel good?
Honestly, yes. It feels good to educate people that get-rich-quick schemes and cutting corners are not the way to get ahead in life. That there's no free lunches. That you have to work hard to get ahead.
Why you shitty little Millennials have to be told this stuff past the age of 12 is beyond me.
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>>2055309
>Why you shitty little Millennials have to be told this stuff past the age of 12 is beyond me.
Because they think they're special snowflakes. This is what bad parenting does. When a person grows up without learning about personal responsibility and accountability, he/she will think adulthood will be like childhood where everything would be handed to them.
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Remember,
If you are above the poverty line in the United States, you are in the 1% of the whole world. Just be happy you were born in a huge country with ridiculous high standard of living.
Even someone below the poverty line in the US lives in more square footage per person than the average European.
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>>2055406
>There are literally millions of millionaires in the US alone.
Yeah, and the vast majority of them got there due to their salary. Not their shitcoins. Not their home business. Not their meme stocks. Their salary.
>liberal media
You really are a deluded cunt, huh? Back to /pol/ faggot. We honestly don't want people like you here. Bye.
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