>The investment banker said £100m was a lot of money – but “not a ridiculous amount of money”. He told the researcher he was “fairly confident” that a driven and passionate individual could “start from zero and get to £100m within 20 years”.
What do you think Jow Forums, is he right? Can any sufficiently driven person start from zero and earn themselves a net worth of £100m through hard work?
The investment banker said £100m was a lot of money – but “not a ridiculous amount of money”...
Camden Stewart
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Jaxson Gomez
OP is a faggot
Evan Sullivan
>Any sufficiently driven person can do X
Kind of a tautology wouldn't you say?
Logan Turner
It has not all to do with being passionate and driven.
I can be passionate and driven all I want, but if I live in Somalia there is little chance I make 100 million.
You have to be at the right time and moment and there is also an element of luck.
Like people getting rich during the gold rush.. people getting rich during the 19th century industrialization... people getting rich during the dot com boom etc..
I think a more determine factor is being creative as in thinking outside of the box.
Elijah Watson
I suppose, what I mean is if there is even a point at which one can simply work hard enough to stand a good chance of earning a net worth of £100m, and is that point within the limits of the average person? If you take 100 highly motivated people with an IQ of 100 and have them work 16-18 hours a day, how many of them will achieve this? How much does luck and intelligence matter?
William Russell
also virtually all of those buildings in london city are owned by Saudi and Quotari investment funds ....
basically they are bought by Arabs with oil dollar. And we all know how hard they worked for their money.
Evan Rodriguez
dumb communists
Brayden Hughes
Getting the first couple million is the hardest. Because your lack of money ties your hands.
You'll be tied to a job for the majority of your time. Can't get loans to expand your business. Can't get people to work for you.
Once you get out of that cycle then it becomes increasingly easy.
Hudson White
I get it. I was just fucking with you. Maybe I'm biased but I'd say high IQ, at least > 120 is necessary to get to 100 million pounds. That's not to say that anyone can't be a success if they bust their ass. You can be an idiot, but go to school, learn enough to get a job doing something repetitive but requires some degree on a technicality, save the shit out of your money and end up a multi-millionaire for your trouble. To get into the 9 figures as an everyman, you need to be brilliant, lucky as fuck, charismatic, shrewd, and on and on. The exact psychological profile necessary for that level of success is hard to guess but those few things are obvious.
Yeah right. I'd be the one driving the helicopter
Jayden Morgan
A friend of mine received a small inheritance (from the parents of his girlfriend) and suddenly he was able to afford a second house. Once he bought that one and rented it out, the bank also allowed him to get a third, fourth and fifth house in the same year. And now he rents those houses out for a good amount of passive income, so he can focus on his own business.
But if he hadn't been able to buy the second house this would never have been possible.
Nolan Williams
Working X hours a day probably hurts more than helps your chances. For instance, I work 8 hours a day but with a very flexible time schedule so I can trade and investigate cryptos whenever I need to.
William Cooper
>but I'd say high IQ, at least > 120 is necessary to get to 100 million pounds.
there are plenty of people dumb as fuck with a fortune.
Isaac Hall
And again that's being at the right moment and right time. There was a time it was possible to get a 3th, 4th , 5th house etc (there are families in london with 50+ properties for that reason)
Nowadays that is impossible because there are stricter loan requirements by banks and the banks are very much risk averse.
Nowadays even people with a 50K+ a year income get rejected for just one simple first mortgage.
Henry Rodriguez
>there are plenty of people dumb as fuck with a fortune.
I'm sure there are but IQ makes a tremendous difference. I know we're talking about a slightly lesser amount here, but according to this study[1], 45% of American billionaires are in the top 1% intellectually. Think about it like this, in the top echelon, you are going to be competing against the best. People don't just hand out money until you collect a billion. IQ isn't the be-all end-all or there'd be no MENSA level bums (there are plenty) but it makes a huge difference. I'd suggest looking at the literature.
[1]psychologytoday.com
Adam Gomez
here is another example.
William Gonzalez
A lot of other people might not have seen the oppertunity. My parents have been sitting on a lot of money for no reason, which they now plan to eat up when they retire. They've had the oppertunities, but never did anything with it. They probably weren't even aware of them.
So it is important to be able to see oppertunities. And keep an eye open for them. Which is a mindset most people don't get until they get in their late twenties or early thirties, if they get it at all. And then you can start creating chances, which might work or fail. But the alternative is being stuck in a dead end job for the rest of your life, like my parents.
Of course you also have dumb people who just took a random chance and "got lucky". But most people don't even try to get lucky.
Carson Anderson
Trump went to 16th ranked Wharton on Johnson's list of elite colleges. I'm sure daddy helped but Trump isn't as dumb as your political leanings have led you to believe.
Logan Green
>oppertunities
Zachary Bennett
Thanks for your imput.
Noah Sanchez
Which is even better than input.
Jaxon Bell
This is merely using a lot of leverage on an asset that continued to appreciate long term, this isn't impossible, just most people don't have the patience or blow themselves up trying to do it, which is why every family in london does not own 50+ homes
Hunter Wilson
it blew up a lot of times, banks lost a lot of money (speaking about the UK) so that's not possible anymore these days.