Attaining Independent Wealth

>Wage-cucks don't reply
>Wolf of Wall Street pic
Sorry champ, you're going to have to make money to make money.

Inflation the problem.

Look at the depreciation in buying power of the US dollar since 1910 then relise 99% of world currencies trade in USD.

Attached: maxresdefault.jpg (1280x720, 144K)

She better be saving everything shes getting cause she wont be able to do shit later in life

You won't be able to do that from investments unless you reach a certain key threshold from income first, or get really lucky with crypto.

I guess the threshold is $1M if you're ok living frugal, $5M if you're not.

2.5 APY% (Bonds) on $5M is $125k/yr.

He was John Galt

Freight conductor and part-time yard master.

I wish I had tits and attractive. Unfortunately I have a penis and I'm unattractive. Oh well, at least I wasn't born in a shit hole.

Start a fucking business. Stocks, rental property, etc doesn’t drive wealth, it maintains/enhances it.

If you want real estate, do construction/development/sales

Focus on manufacturing, retail and services based businesses if you want wealth. Turn any of those into “tech” and multiply that potential.

You need your assets to create assets. Typically this can easily be done by investing in stocks that pay dividends. With your dividend profit you then need to reinvest that back into your dividend stocks. It will take you many many years for you to be rich, but it will happen. Give the book Rich Dad Poor Dad by Robert Kiyosaki a read.

Attached: 20160630-compound-interest-diagram.jpg (750x496, 32K)

LTC

will be 2K in a year

>10% compound interest 20 years in a row
>legitimate businesses
>real life
Pick two.

So underrated. You, sir, know what's up.

It's an example mate.

Attached: s.jpg (770x598, 88K)

>Give the book Rich Dad Poor Dad by Robert Kiyosaki a read
Normie-tier. Kiyosaki writes his books to sell you his board games, which he makes to sell you his $1k seminars, which he does to sell his $10k seminars

real money is in equity. start a business.

start a side gig until you match your main income then quit your main job don't take out any loans etc. just use your own capital.

you NEED capital. if you use debt to try and start a business and fail congratulations you uh-oh'd your life.

Owning assets like land, real estate, businesses. Or commodities - I don't mean owning "futures contracts" I mean like owning something that can produce, like mineral-rich land, oil wells, gas wells, shit like that.
People have bought land/cabins in the middle of bumfuck nowhere and marketed the destination as a getaway to create demand.
Right now I make ~10 grand a year off my land and house through leases and rent.

a lot of these people do it. the biggest asshole doing it is probably dan lok. compound interest does it job but the real money is in selling widgets.

Crashing the system with no survivors

Then don't buy his board game.

The book is still good for new investors.

>you NEED capital
To be fair, you don't need a lot of capital depending on the business. For something like windshield repair, you need about $2500 to get the equipment, training, and licenses

>you NEED capital
To be fair, you don't need a lot of capital depending on the business. For something like windshield repair, you need about $2500 to get the equipment, training, and licenses.

start a business.

unironically make friends, meet their wealthy and influencial friends, then use those friendships to earn money the "normal" way except you're overpaid for no real reason

The best option for obtaining obscene levels of individual wealth with relatively low skill and investment was jumping in on bitcoin anywhere from 2009-2011

You've missed that boat.

The problem with Dan Lok is that he mixes pieces of truth and common sense with his speech. It almost make it sound legit and people fall for it. Thank god I was too poor to buy his High Ticket Selling course and realized that it was a scam.

That said, there are a few things to take from his video that are real advice:

- copywriting is a great skill to learn (use it with web development and it's gold tier)
- college is not for everyone
- selling is a must skill if you want to make money
- doing business is the only way to make A SHIT LOAD OF MONEY, there is no way around.
- business is not for everyone
- do not buy Dan Lok products.

It's not just any business though. A restaurant can be profitable, but if you get doxxed and antifa start showing up to your location every day, you're done.
>inb4 just call the police lol
Police are more likely to arrest you than antifa. Remember (((who))) ultimately gives them orders

Smart work > hard work
Although one is good for honor and the other for wealth.

Are you the one that had someone jump into your train? Or is that all conductors?

Drugs.

You can learn anything in those seminars from YouTube videos and forum posts. This is true for most "get rich quick" seminars. It's pretty hilarious how a lot of those wealth gurus got rich telling people how to get rich (ie Patt Flynn)

> I wasn't born in a shit hole.
Oh sweetie

Attached: Amerifat.png (200x200, 97K)

Kek, take a metro in Berlin after 8pm mate and then talk shit about other countries

yeah I know but you can find some pieces of truth in his speech. But most people knew that business is the only way to make a lot of money, it's funny that very few people know it nowadays.

Flipping houses seems like a good gig in you have the skills or know some people to make up for you lack of skills. But be careful about the housing bubble. Might want to make some cash now so you can hop on the market after the crash and pick up some good properties. This one dude in Weimar Germany bought a whole block and became a millionaire.

During the next economic recession, look for 3x leveraged ETF's that track indexes. For an example, look at TQQQ's performance since its inception in 2010.

A note of heavy caution: Daily re-leveraged funds can FUCK you up if the economy shits itself while you're bought in

Take the same metro in any (((American))) shithole city. And then talk shit about any city in Europe. But of course you will regardless, because you are a 56er with a supremacy complex like it was still the 80s

Attached: 1988.jpg (736x567, 58K)

Nice, Ive been wanting to work for CN but its hard to get in.

All you need is a million dollars and you're set. My dad said you could live off the interest of a million dollars.

The guy in that Jazzy can't rape my wife and daughters. Your Muslims will. You couldn't pay me to live in Germany

Redpill a zoomer on the 80s. Is that when the boomers made bank selling off the west, or was that happening throughout?

“a $1 million savings account paying 5 percent would earn $50,000 a year. The nice thing about the way interest compounds is that if you left that interest in the account, it would then earn interest the following year, so that the account would produce $52,500 the following year.”

First, no amount of brains make up for a complete lack of work ethic.

I'm up ~10,000% in the stock market since 2009/2010, and I had to put a lot of work into this. I downloaded huge spreadsheets of daily stock data to identify and follow trends. And not anybody can do this. My guess is that

Nigger, I quit my full time factory work after 3 years. Just got a job at a golf course want another job, join military and go to school when I can. Shits tough out here.

most "independent wealth" is nothing more than keeping ahead of tremendous debt.
>get investors/loans
>start company
>pay yourself a high salary
>higher someone else to run the company
>company is on the hook for the debt
>you get that high salary
that's it. most rich people are completely dependent on debt to maintain their lifestyle.

I was thinking about starting a window cleaning business, and try to make a few apps. but I dont shit about code.

It was happening throughout. You have to count both world wars. Take WW1 for example. Destroyed the European monarchies and traditional societies, created European statelets and fucked Europe over, while Woodrow Wilson created the FED and also Israel was created.

The 80s were just the only decade where the left lost a little in the culture war. And it was still mostly white, even the USA. I was a child in the 80s and I watched the total decline in my entire life. Whenever I thought: "Certainly this decade has to be rock bottom and peak degeneracy" I was proven wrong by the next one.

Attached: Clown World.gif (500x255, 932K)

Is this using the fake money with jew usury in the markets that cut off our baby cocks?

basically what I meant here
you become rich by taking from the investors and then bankrupting the company later

Do you happen to be Jewish?

Banking, usury

>how do I become wealthy? stocks? bonds?

don't be such a fucking brainlet. you become wealthy by starting your own business, in the age of the net, e-commerce is one of the easiest paths to take

t. 26 yr old millionaire

What do you sell?

/thread

Swiss, the collaborators

This thread is depressing me, so I'm leaving.

Sorry to tell you my dude, it takes money to make money. It's possible to be independently wealthy, but you're going to need some capital to make it happen. Wagecuck for a while, be smart with your money, invest it instead of buying weed, video games, and bullshit. Buy some rental properties.

take a small loan of a million dollars from your father

If hard work alone were the key to obtaining great wealth, every construction worker and cocktail waitress would be rich.

Food for thought.

except Elon Musk. He just sold a bunch of pie-in-the-sky ideas to dipshit politicians and stole taxpayer money instead.

If you have to ask on Jow Forums, you will never be wealthy. I also think you already knew this.

-rich, white, married male

Listen to the Radical Personal Finance podcast. As a personal rule, I don't trust financial advisers easily. However this one is unique. He has some good insight into one might tackle this conundrum.

Fuck Money, Fuck all your economic strategy shit, let it burn.

hard work is the only way kid

No matter how much money you acquire you’re still operating within the kike banking scam.

Lindsay Lohen still gets paid to bang, she'll make plenty

Invest in the stock market. Jow Forums has a good guide for starting

How would you define the girl on the right's body type? (srs)

Hard work is a fucking meme. You can work as hard as you want as a janitor and will never be rich. "Hard work" is a scam by the actually rich, so the wagies will slave themselves away for the owners and capitalists and make THEM more profits.

Attached: Pooland.gif (300x300, 21K)

Invest in life insurance and then kill yourself

Inflation would devalue your money, and for Americans you that is a probability.

Hard work doesn't equal success. If that were the case, this country would be run by Mexicans with leaf blowers.

plump

draw furry porn, those fuckers make a ridiculous amount.

Attached: 00_cover_SFW_p_u18chan.jpg (620x827, 191K)

>Elon Musk. He just sold a bunch of pie-in-the-sky ideas to dipshit politicians and stole taxpayer money instead.

Expect it's not all pie-in-the-sky, now is it? Since Musk actually does have the credentials, business experience, engineering expertise, and a mountain of accomplishments to prove he knows what the he's talking about. You find me another supposed conman who has all that going for him. Go ahead.

Savings rate

I run multiple online stores. Not going to share what I sell, but if you do your own research you will easily find your niche. I supply my stores threw China, get the products for pittence money. Only need to sell one of the products and I have made 300% profit and still have left products left from the batch. The key is to not buy in bulk, only buy in small quantities, only buy large if it sells out fast. This is how you build the empire up. Eventually you keep increasing inventory which increases sales revenues. Right now I have a steady flow of money coming in daily and make around 20-40 sales a day. I also branch into Amazon and other online markeplaces.

It's not easy though, you will be sacrificing your time for money, that's the price you pay if you want to be at the top.

I was trading stocks and someone got a big underpayment penalty on my tax return. Kind of freaked me out, I assumed that just posting my brokers report on my taxes would be enough. Do they expect me to mail a check to the gov every time I sell a stock?

just what i expect from a modern nig-german

Lazy, piece of shit former easterner im sure. West Germans have class, work ethic and education...and they predicted you piece of shit commies with no skills ruining everything..and here you are

Attached: germany-grr.jpg (657x790, 123K)

That’s a lie. Mexicans are lazy fuckers. You’ve never deal with real Mexicans. Dumb and lazy as fuck

Also since not having full control of how our taxes are spent doesn't appear to be a proven option, I'd much rather my tax money went to someone who is actually doing something worthwhile with it.

>But my dad is der boomer. Going to waste it all on Cayman islands vacations for his kitesurfing hobby

HAHAHAHAHAHAHAHA GOOD!

Get a job you fucking nigger

I got one word for ya folks:
Monorail.

>what is the best way to become independently wealthy? Bonds? Stocks? Drugs?
Unironically becoming a crime boss in a first world country like the States or Western Europe.

>why?
The only type of people that actually own their own wealth even if it's ill-gotten if you exclude the financial elite like bankers and other political backers. Heck most of the time governments look the other way if you're that powerful and can even make connections with said banks etc

-cons
>low life expectancy
>can get busted or blackmailed
>can get betrayed
>have to bootlick till you can rise trough the ranks provided you find a strong enough criminal organization to start from in the first place
>hands getting dirty should be least of your concerns

pros
>actually working towards attaining true independence and freedom

Attached: gang.jpg (1123x552, 285K)

Do you mean the Hyperloop?

>Oh sweetie
thats canada, kraut....and heres weiner schnitzel fried everything land...and a fact

The German obesity rate was considered at the same level as with the American obesity rate. In Germany, 60% of men and 43% of women are considered overweight

Attached: 2359748_7.jpg (330x244, 15K)

fuck off kike
go wring your hands elsewhere, faggot

Attached: german-mutts.png (800x600, 254K)

not its not

Are you retarded? That's an honest question. I'm really not sure what to think about you.