Is this Veeky Forums approved?

TechHater
TechHater

Is this Veeky Forums approved?

Dreamworx
Dreamworx

@TechHater
following these steps will make you a financial success
in the next chapter I'll outline the most important lesson
the next things I will tell you are critical to your success
here's a mildly related personal anecdote
just be yourself

Don't waste your time user.

Stark_Naked
Stark_Naked

@Dreamworx
Ok, thanks. Someone at work told me about it and when I saw >motivational speaker I immediately became skeptical.

massdebater
massdebater

@TechHater
He's a confirmed charlatan. Doesn't mean he has nothing of value to offer (making money through deceit is still making money) but you're unlikely to absorb any through his shitty books.

Spazyfool
Spazyfool

@TechHater
Is this Veeky Forums approved?
No

What you have to remember about all these guys is even if they did have genuine expertise or advice on finance they have to make it palatable and non-confronting for the mass audience. They have to make it accessible to housewives.

There are free yale courses on Finance you can download if you're serious.
The Shkreli finance lectures will give you a far more solid introduction than Tony Robbins or Rich Dad Poor Dad.

@Stark_Naked
when I saw >motivational speaker I immediately became skeptical.
You were right to be skeptical.

The thing you can glean from these kinds of people is the style, not the message: how does he massage egos, how does he tell stories, how does he sell himself? Use the techniques he uses to con people to your advantage.

Nude_Bikergirl
Nude_Bikergirl

@Spazyfool
Finance has almost nothing to do with personal financial freedom though.

Sir_Gallonhead
Sir_Gallonhead

@Nude_Bikergirl
what the fuck does that even mean "financial freedom"?

It's a bullshit feel good term that promises something so nebulous you can't even be disappointing if you never achieve it.

I'll give you the first lessons right here:
Save more than 5% of everything you earn and put that in a term deposit bank account

girlDog
girlDog

@Sir_Gallonhead
what the fuck does that even mean "financial freedom"?
I suppose to most people it means not HAVING to work, and not having to ever worry about money.

Save more than 5% of everything you earn and put that in a term deposit bank account
kek
I love retards

happy_sad
happy_sad

@girlDog
Fuck off Tony you snakeoil salesman.

I'll give you the second tip to financial freedom:
become a fucking shitty motivational lecturer that makes people feel good while providing no practical advice.
Travel around the world on other people's dime speaking at conferences, never work a real job again.

lostmypassword
lostmypassword

@happy_sad
do you seriously think the average worker putting away enough money to barely beat inflation is going to one day be able to retire off those savings and live free? Hell, social security wasn't designed to kick in until the average age of death.

save all you want, that's not a path to financial freedom and anyone over the age of 12 knows it.

Gigastrength
Gigastrength

@lostmypassword
"First step"
Not "only step"
First step.
Why? DOn't you think that for a person to be financially free -- which by the way you still haven't define, it remains as nebulous and ambiguous as ever -- is to not spend every cent they make?

You accuse me of having knowledge below that of a 12 year old, yet your language comprehension is even more abysmal.

Methnerd
Methnerd

@Gigastrength
well I'm going to tell you something you certainly won't believe.

I've never owned a stock, bond, or even an interest-bearing account.

I've made millions of dollars, in fact I make and spend more than a million dollars most years.

My net worth is currently over a million dollars.

I didn't get my money by saving, or even by investing. I got it the same way approximately 90% of millionaires do.

the fact is non-millionaires think saving and investing is the way to riches. Rich people pretty much never believe that pap.

you're free to think what you like. You're not free to have reality bend over and make your delusions work though.

VisualMaster
VisualMaster

@Methnerd
I know the secret to having the best sex.

YOu think porn stars do what you do? Lmao.

I am the secret keeper. Approximately 95.95% of sex people like to ahve sex like me.

I have never worn a condom, nor have i ever had missionary position. But i am the best sex.

Why do you make these useless posts you neetfaggot?

TechHater
TechHater

@Nude_Bikergirl
2016
actually believing this
actually typing it out
actually letting other people know you believe this

wot happened man

BunnyJinx
BunnyJinx

@VisualMaster
you can actually get on the internet and learn how most millionaires made their money though.

it's not what you'd expect. Because you're not doing it. If you were doing it you'd already know.

but it's no secret.
you probably can't do it, but it's not some magical thing you've never heard of.

StrangeWizard
StrangeWizard

@VisualMaster
I'll give you a little hint-

is the name of this board "Saving and Investing"?

Harmless_Venom
Harmless_Venom

I got nothing of worth from his videos,but being annoyed.

Techpill
Techpill

@StrangeWizard
Start a business.

And how would I do that user? Read Tony Robbins book I suppose.

Where would I get the money so i can survive the first few learn months... hmmm... maybe I should clear my debts, and have a nest-egg, maybe if I save enough I can actually buy some of the necessary equipment or services I need to really get this business going.

Why don't you just fuck off you conceited fuck.
Investing is a perfectly valid secondary income source, and savings is quintessential in ensuring that you don't need to go back tail between legs to a wagecuck job.

Snarelure
Snarelure

@Techpill
how would I do that
Where would I get the money so i can survive the first few learn months
maybe if I save enough

see how many barriers you raise between yourself and making money?

you don't start businesses with your own savings, you silly thing. But then you'll never get a line of credit if you don't spend money.

Burnblaze
Burnblaze

@Techpill
Investing is a perfectly valid secondary income source,
sure, so is a lemonade stand. Just don't expect to retire off of either one.
and savings is quintessential in ensuring that you don't need to go back tail between legs to a wagecuck job.
ironically enough it also ensures you never LEAVE your wagecuck job.

not to say you shouldn't save. You'd be an idiot not to save something for emergencies your insurance doesn't cover. But again, it's never going to make you rich.

BlogWobbles
BlogWobbles

@Methnerd
I didn't get my money by saving, or even by investing. I got it the same way approximately 90% of millionaires do.

Proceed you cocksucker. I'm all ears.

BinaryMan
BinaryMan

@BlogWobbles
It's to start a business.
Just knowing that isn't enough though... you need to know what to start a business in, align your personal skillset.

One of the biggest problems I see on here on this board is people say "I'd like to start a business... I just don't know what in". A good business idea should be so exceedingly obvious that you feel like every second you're not working towards starting it you're losing money.

What I mean by that is you identify a "problem" (problem for your customer, opportunity for you to provide a solution) or a "market" that you can serve better or more efficiently than anyone... ideally this means there's no one serving this market at all and you're the first.

What the problem or market product or service is will be different to each person.
There is no book that will help you identify that.

But if you're self aware and have an ear to the ground it should slap you in the face soon enough.

Sir_Gallonhead
Sir_Gallonhead

@BinaryMan
I have an engineering Bachelors degree and a Masters in mechanical engineering. I hate engineering. As such I feel that using my intelect to develop a trading system that has a positive expectancy is a much better prospect than working on something you hate all your life. The problem is that you need starting capital and experience - which is what I am doing.

I can't think of a business I'd be passionate about to the extend one needs to be to get it to succeed.

takes2long
takes2long

@BinaryMan
A good business idea should be so exceedingly obvious that you feel like every second you're not working towards starting it you're losing money.

Well yeah, but work has to be done in order to actually find that niche in need. If you casually think of something, great. If not, you have to chase it.

Snarelure
Snarelure

@BinaryMan
A good business idea should be so exceedingly obvious that you feel like every second you're not working towards starting it you're losing money.
some wisdom right there.

the problem with Veeky Forums is you overthink it.

does the world need another construction company or electronics store or yoga studio?

nope, but it might need a slightly better, or cheaper, or closer one.

also this whole thing about being passionate about what you do. It doesn't matter if you hate the product or service you sell. You can be passionate about running a business and still hate the business. Do you think people that own septic tank pumping businesses love the job? Nope, but they love making money.

@BlogWobbles
rich people get rich by renting out equity they own or by employing others. Full stop.

they own businesses.

LuckyDusty
LuckyDusty

@Sir_Gallonhead
I can't think of a business I'd be passionate about to the extend one needs to be to get it to succeed
you probably shouldn't really be that passionate about any Veeky Forums you own. It will probably fail which will be devastating if you're emotionally invested in it. It's much easier to manage a company without passion or bias when you don't really mind if it fails.

Also you can't baby the business, you have to ride it like a bitch and then be willing to hand it off to someone else or sell it.

don't look for a business doing what you love, look for a business that pays enough that you can sell it or hand it off and then go do what you love.

Harmless_Venom
Harmless_Venom

@TechHater
Lmao
Basically everything that has the following words in the title is instant trash:
Rich
Quick
Money
Fast
1/2/3/4 week
Tricks

Gigastrength
Gigastrength

Some people seem to swear by this book. OP, jut download the audio book, thats what i did. It's quite dry

Methshot
Methshot

@LuckyDusty
Fair point. Problem is the one thing you absolutely need to start the business is knowledge. And that's something noone has straight out of uni. Plus you need some "gray hair" for other people to take you seriously. And capital. Bottom line those are all entry barriers that make investing a that much more attractive prospect... Provided you have a clue.

LuckyDusty
LuckyDusty

@TechHater
Unless its a 500 page book on kneepads then no. However. Tony Robins is a hell of a guy, i approve 100%. But following his advice you wont be sucking dick or pump and dumping shillcoins. So deffinatley not Veeky Forums

Illusionz
Illusionz

@Spazyfool
Not OP but I fell for the Richdad meme. Also, i don't give a fuck what yall say. I am blowing $12,000 and taking 2 trips and 2 classes. I'll happily post sucess or faliure here rather than the speculation and negativity always shown.

Additionally though user, i am serious and google let me down again. Any links?

There are free yale courses on Finance you can download if you're serious.

Pic related. My shit.

Garbage Can Lid
Garbage Can Lid

@girlDog
Underated post.

I kill myself every week working and studying and investing so when that magic number alears i can give the world the finger and become a recluse in my cuckshead cranking out rediculous contraptions like a mentally retarded leonardo divincci.

Not everyone wants to be a millionaire to drive a rolls royce.

Some of us just want freedom from the wagecuckery.

Crazy_Nice
Crazy_Nice

@Illusionz
blowing $12,000

Jesus...

Makes me want to start giving these lectures.

StonedTime
StonedTime

@Methshot
Problem is the one thing you absolutely need to start the business is knowledge. And that's something noone has straight out of uni.
well you need business management experience, but that's not something you'll get in uni at all. College is useful for business owners only if the field you want to own a business in is highly technical and you don't plan on hiring someone else to know that stuff.

Plus you need some "gray hair" for other people to take you seriously.
true, it takes 10-20 years for most business owners to learn to trust in themselves. Most people never do.

And capital.
not nearly as much as most people think. Lots of businesses that will make millions get started on less than a thousand dollars. Actually if you need lots of capital your business is more likely to fail.

Veeky Forums gets this one backwards as well. You shouldn't be getting capital to start your business, you should be starting your business to get capital. Looking for capital and 'starting a business' is procrastination.

obtain your revenue stream first and all else will follow. People that own businesses know how to do this. In my field you'll find contractors from out of the country or in a different state bidding on work- they have no presence here and don't intend to travel here to work.

they know if they get the job- if they get the revenue stream- they can easily hire someone to do the work. You don't even need to be present.

people who have never owned or operated a business make a lot of mistakes about how it works. Mostly you get control of a portion of the market and the business will build itself. If you try to reverse that (and most people do) you're gonna have a bad time.

King_Martha
King_Martha

@Illusionz
pic is my reaction

But here's the Open Yale courses
oyc.yale.edu/economics/econ-251#syllabus

oyc.yale.edu/economics/econ-252-11#syllabus

In the long run, as the guy I earlier in the thread alluded to: you got to start a business. There are only two ways to make big money
Start your own Business
get paid massive salary

Investing is important as it gives you a secondary source of revenue, it gives you the more freedom and capital. Also when you run your own business you need to understand finance (and part of understanding finance, is understanding accounting).

These courses though:
You're being sold a dream user. Not how to reach that dream, only the dream itself.
The onus is on you.

Unless these classes tell you how to pick a market, or design a "product mix" then it's not worth the money.
Hopefully you will learn something, hopefully it'll at least motivate you.

But there are no panaceas.

w8t4u
w8t4u

@King_Martha
when you run your own business you need to understand finance
you can actually hire people to understand things for you.

not that finance is important to most businesses any more than macroeconomics or the local building code is.

that stuff is well out of the purview of most businesses. But if for some reason you stumble across a need for that knowledge you can hire someone that already knows it while you go back to sipping cocktails on the beach.

the same goes for legal services and accounting. Both are usually hired out. All the owner needs to really know is that more money is coming in than going out.

lostmypassword
lostmypassword

save money from wagecuck 9-5
invest 10% in funds that generate good return rates and are safe
b rich :DDDDD

literally all 300 pages of this book resumed in 3 sentences

StrangeWizard
StrangeWizard

@w8t4u
you can actually hire people to understand things for you.
How? With what money.

Let's say for the sake of argument, like a lot of anons on this board right at this moment, I'm living rent-free on a friend's couch or with my parents temporarily, no job. Without a job I probably don't have a car, or the car I do have is an old bomb that needs servicing and is un-drivable.

Short of getting a job, and saving up enough money so I can fix up my car, buy a few bits and pieces, maybe a nicer laptop which I need to run a business how the fuck do I start my own business to the point where I can afford to hire an accountant.

Imagine that I am willing to start TODAY, this instant, that I will close my laptop and do whatever it takes.

I just think your advice is crap.
@StonedTime
/biz/ gets this one backwards as well. You shouldn't be getting capital to start your business, you should be starting your business to get capital. Looking for capital and 'starting a business' is procrastination.
See the issue above. Ready and willing, just looking for a service I can provide with my expertise, whatever they might be.

Let's say I'm really good at sound engineer... well, i need to pay for a licence to use Pro-Tools, I need to buy some nice mikes, because NO-ONE is going to pay me to record stuff off a shitty microphone, I need lots of microphones in fact, I probably need an out-board mixer to save me time.

But then there's the other things: where do I get clients, I need the equipment so people trust me enough to give me the work, so I can afford the equipment.

It's catch 22.

The only thing I can do is get a wagecuck job, even for a few months and studiously save, live like a spartan or a a monk and get enough capital to start the business, be it be a sound engineer, a website developer, a jewllery maker (god, how many tools do I need for THAT business?)

Explain it to me. How can I do it.
Starting TODAY?? NOW!?

New_Cliche
New_Cliche

@w8t4u
@StrangeWizard
I will be in awe, and sing your praises if you can provide an actionable solution/piece of advice instead of this guilt-tripping vagueries which is all I can glean from you thus far.
And I'll be willing to admit that it is I who have misinterpreted you.

Fried_Sushi
Fried_Sushi

@StrangeWizard
I just think your advice is crap
this coming from someone that doesn't realize businesses have been running just fine for thousands of years before computers were invented.

I'm not offering advice, I'm merely pointing out the misconceptions that keep people poor.

Personally I get my friends and family started doing office cleaning. It costs essentially nothing to get started and you can easily be making six figures by the end of your first year. It's no problem from there going on to hiring other people and eventually retiring when you've got enough work going to pay someone else to run the shop.

You could just as easily mow lawns, clean windows, shampoo carpets, paint houses, or pretty much any other job that requires no particular skill and very little investment up front.

but you think "I don't want to clean offices or mow lawns!" No shit. Nobody does. The idea is to grow your business so you don't have to. Which is just a matter of doing good work at a decent price and advertising yourself until things blow up.

nobody cares how you made a few million dollars. And the vast majority of people doing it aren't running some stupid online shop or writing software or whatever else you imagine business to be.

they mowed lawns and painted houses and built sidewalks and plowed snow. And they hated it enough to hire other people so they could quit.

Sir_Gallonhead
Sir_Gallonhead

@New_Cliche
Why don't you provide solutions to the rather explicit problems posed by user? Oh, that's right, all you need is step #1: believe in yourself.

You've read too many self help novelas, m80.

Soft_member
Soft_member

@Fried_Sushi
Personally I get my friends and family started doing office cleaning. It costs essentially nothing to get started and you can easily be making six figures by the end of your first year

thinking people will actually believe this
OK Jordan Belford.

5mileys
5mileys

@Soft_member
thinking people will actually believe this
I know for a fact they won't.

remember- misconceptions that keep people poor.

anyone that cleans offices for a living knows what it pays. They don't tell anyone though because everyone would want to do it.

Carnalpleasure
Carnalpleasure

@Fried_Sushi
mow lawns, clean windows, shampoo carpets, paint houses, or pretty much any other job that requires no particular skill and very little investment up front.

Not gonna lie. That's a good point.
I have my misgivings - but I won't labour the point, and you didn't answer my question. but let me be clear: what I quoted from you I think is a good point.

Anyone else wanna jump in?

Emberburn
Emberburn

@Carnalpleasure
I have my misgivings
and you should.
the vast majority of people that do these things never get rich.

but many many rich people got rich doing these sorts of things. Employing others is the difference. You do all the work yourself you'll be comfortably middle class, very busy, and never particularly wealthy. Hire other people to do them and you're a business owner. They get rich often enough.

Firespawn
Firespawn

@Emberburn
Employing others is the difference
Yeah I understood that's the point. That's the endgame

What do you reckon divides the people who successfully upscale and those who don't?
Don't hire family members, they will treat a job as a given?
Be a good judge of character?
It's all about sales acumen?

just throwing random questions out there

BlogWobbles
BlogWobbles

@Firespawn
risk taking.
the ability to get out of your comfort zone.
greed.
laziness.
a strong dislike for the job.

usually a combination of forces pushes people out of self-employment and into employing others. For some it's a trick they learn in college or something they pick up while managing other people's businesses. For most it's probably an accidental discovery when they take on too much work to handle or suffer an emergency that leaves them unable to work for a while. Once you start you get comfortable with it though. It becomes easier and eventually it's routine. When I look at work now I don't even consider the possibility that I'll end up personally doing it. I ask myself if my crew would want the work, if it's worth it for someone else to do.

RumChicken
RumChicken

@Firespawn
Yeah I understood that's the point. That's the endgame
then the next thing that you'll realize is that once you employ others it's no longer profitable to compete for jobs one person can do.

you're forced into taking bigger jobs where there's less competition. And more money.

and that's where the millions are made. Once you're used to dealing in hundreds of thousands or even millions for a job you're running bigger numbers than you'd ever see alone. Your credit and your net worth will reflect those numbers. Because a business that does millions in sales is worth a buck or two just by itself.

it can become worthless fast, but that's the game we play. Even if it fails, you made it big once you can do it again easily enough.

ZeroReborn
ZeroReborn

@RumChicken
you made it big once you can do it again
and this is ultimately the difference between the rich and the poor.

even if we set everyone back to 0 the rich would become rich again and the poor would stay poor.

not because of genetics, not because of intelligence, not because of luck. Simply because the rich have done it before and they know how to do it again. They aren't afraid of the unknown, it's not unknown to them.

Dreamworx
Dreamworx

@Illusionz
I am blowing $12,000 and taking 2 trips and 2 classes

spends 12k on garbage when he can invest in reliable stocks and get dividends

Raving_Cute
Raving_Cute

@Firespawn
I see I once again didn't answer your question.

I think the difference is just proper management.

by the time you're running 10-20 FTE's you should have enough money to hire a regular manager. Though if you're capable of getting up to 10-20 FTE's you're a good enough manager yourself.

the principles of good business management are too numerous to list, I have no doubt you know most of them already.

haveahappyday
haveahappyday

@BlogWobbles
usually a combination of forces pushes people out of self-employment and into employing others.

Ahh maybe that's my problem.
I learned the hard way that "delegation is the art of getting second best" if you even get it at all, ironically I think it's made me very good at teaching people how to do stuff when I'm forced by circumstance to delegate.

@RumChicken
once you employ others it's no longer profitable to compete for jobs one person can do.
you're forced into taking bigger jobs where there's less competition. And more money.
You just blew my mind.

@ZeroReborn
you made it big once you can do it again
and this is ultimately the difference between the rich and the poor.
You mean like:
Serial Entrepreneurs?
It's a fallacy to think that people who are self-made wealthy got there by luck?
Over the years I've started to come round to this kind of thinking.

I think the difference is just proper management.
And that's just something you can learn with practice right?

Conversely about for all those NEETS on here do you reckon they have any chance of learning how to be a good manager? Is being an introvert anathema to being a good manager?

Poker_Star
Poker_Star

@haveahappyday
"delegation is the art of getting second best" if you even get it at all
the secret is your employees work less than half the time but you pay them less than a fifth of what they actually earn. So the incompetence is built into the prices. As is a fat buffer for the inevitable fuck ups.

Over the years I've started to come round to this kind of thinking.
I've found it's generally true. Experience is the actual master key to wealth creation. Either learn from others that have done it or set out to learn by trial and error. Either way you'll have failures but those are just things you know how to avoid in the future.
that's just something you can learn with practice right?
yes. A lot of people aren't smart enough or kind enough to learn those skills but most of Veeky Forums is perfectly capable I think.
Is being an introvert anathema to being a good manager?
no, it's just a challenge when managing people. It's often a strength when managing numbers and objects though.

I'm mildly autistic, I've had lots of management jobs where I annoyed people and produced spectacular numbers. But I know what my strengths and weaknesses are. If I can't deal well with people I recruit someone else to do it for me. That's what having a team means. You suck at something? Hire the person that doesn't suck at it and make sure they're happy with the work and the pay.

farquit
farquit

Do you need to excel at something before building a business around it? I.e: programming

CouchChiller
CouchChiller

@Burnblaze

You're dead wrong. Just about any middle class person can attain millionaire status in current $ over 20-30 years by simply investing roughly $1000 monthly in diversified portfolio of stocks and bonds. Annual real returns of 5-6% will pretty much guarantee success.

Obviously one should always consider creating a business if they see a market for their product or service. However, nobody should ever have all of their capital invested in that business. The business could go under, lose profit margins, or the owner could fall ill and not find a replacement or buyer.

Firespawn
Firespawn

@CouchChiller
simply investing roughly $1000 monthly
perhaps.

but over half of americans don't have $1000 on hand and couldn't get it if they needed it, so that doesn't actually seem like an idea most people can use.

and of course a single million dollars isn't really enough to retire on now, it's going to be relatively worthless in 20-30 years. Meanwhile I'll be raking in my ninth million and entering my 45th year of retirement in 30 years assuming my business doesn't grow at all.

the owner could fall ill and not find a replacement or buyer.
I'm not sure you know what a business is.

if the owner gets sick and the business fails, it wasn't a business. It was a job.

RumChicken
RumChicken

@Crazy_Nice
If you can teach me the equivelent of wtf ever u charge i'll gladly take it. They are fun and it's an excuse for a cheap vacation. We normally take a trio to a city where friends are and stay an extra day or two. Tyoical seminars are 3 days and there are hundreds of like minded people there. I find it difficukt to even get through to 1 single freind around here. But i can chat up 20 fucking strangers about money at these things and have a blast. The way i see it it's 50/50 vacation and investment in myself.

I'd pay a million bucks if i learned a million bucks worth of knowledge. The fuck do i care? I've been a wagecuck all my life and i'm finally on a path to get out of it. Being near debt free next year and pulling ~$70k next year with our shit living expenses 12k is chunp change. Just means a few less bar nights and i gotta wait another 6 months to put my bored out big block in an s10.

Let alone they hook u up with some fairly powerful software and a network of real estate horse traders. I grew up here. Nobody knows this are as well as i do.

AwesomeTucker
AwesomeTucker

@King_Martha
They do tho. It's glorified handholding. I'm also studying to take the real estate exam for acess the the MLS. They have ~10 classes or so on very specific real estate sectors. Fuck, its worth the 6k a class just to learn the dos and donts from people thst have been there.

buy wrong 1 time
lose 10k

Wish i'd paid 6k to learn how not to fuck this up. Lol.

I know i'm gonna make mistakes, but i feel better learning a shit ton of things not to do from people that had to suffer to learn it. Meanwhile i just shill a little pocket change for valuble lessons and a lifelong skill that produces income.

PurpleCharger
PurpleCharger

@Dreamworx
ROFLMAO!!! wich are not guaranteed.

trusting my hard erned money to a stock market.

We'll see who comes out ahead when 2008 comes back faggot...

eGremlin
eGremlin

@AwesomeTucker
before yuo do this. Check out the speakers on circuit at your local REIA. The courses I took at mine blew kiyosaki's course out of the water as far as actionablity.

The 12k firent courses or whatever the company running it is, is just a licensing deal for kiyosaki, a former circuit speaker. I'm not even sure he vets the content.

Frankly you give some of the local real estate guys 3 grand you get their personal number all their industry contacts, and handholding through a lifetime of deals.

happy_sad
happy_sad

@RumChicken
You type like someone who would waste 12000 dollars while having negative net worth.

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