Current Events > A comprehensive guide on how to get rich

(+) Yeah! (+)

1. Already be rich

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wow if you see that as the only way yeah you shouldn't try

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2.Be born rich. AKA repeat step one.

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2. stay rich

Don't stop being rich
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What is rich to TC?

If you had $1 million in financial assets, you could pay yourself an ok salary and still have the total grow every year... obviously the salary would get better and better the more value you have.

The problem is getting to $1 million in the first place but you basically have to save and invest for a few decades

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2. Hard work and dedication

2. Artificially inflate the stock price of a dying video game retailer

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Damn_Underscore posted...

What is rich to TC?

If you had $1 million in financial assets, you could pay yourself an ok salary and still have the total grow every year... obviously the salary would get better and better the more value you have.

The problem is getting to $1 million in the first place but you basically have to save and invest for a few decades

So basically;

1. Already be rich

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This list is a little confusingly numbered
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3. Don't be poor

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UnholyMudcrab posted...

This list is a little confusingly numbered

When you're rich, 2 is the only number that matters.

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Darmik posted...

So basically;

1. Already be rich

Isn't this topic about how to get rich?

Work for a salary, save your money and invest. That is the answer.

Hopefully you get better jobs and better salary as you get older.

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Yeah this is definitely CE

Damn_Underscore posted...

Isn't this topic about how to get rich?

Work for a salary, save your money and invest. That is the answer.

Hopefully you get better jobs and better salary as you get older.

That's really more like advice on how to retire well. Assuming we live that long too.

The best way to get rich is to be rich now so you can be even richer. The more rich you are now the more rich you can be!

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Get a FAANG salary and save up for a few years

Be risky in investments
Do some yolo plays
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the best way to get smart is to be smart

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Alexis_Heartly posted...

2. Hard work and dedication

Lmao get da fuck outta here

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Tbf lots of rich people werent born rich

https://www.cnbc.com/2019/09/26/majority-of-the-worlds-richest-people-are-self-made-says-new-report.html

But most people who werent born rich wont die rich iykwim
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g980 posted...

Tbf lots of rich people werent born rich

https://www.cnbc.com/2019/09/26/majority-of-the-worlds-richest-people-are-self-made-says-new-report.html

But most people who werent born rich wont die rich iykwim

Even this article has this little nugget of info

https://medium.com/tech-diversity-files/the-real-reason-my-startup-was-successful-privilege-3859b14f4560

My grandfather ran a small business. He passed before I got a chance to know him. His success enabled him to help my parents with the downpayment on a house in a good neighborhood. Because of this, I attended a great public school and got a good education. While in college my parents received an inheritance from my grandmother. I got a small piece of it as well, which I used to ensure I finished college debt free.

Thankfully I had married into a family that had a little more experience. My wifes family was not wealthy, but was definitely more upper-middle-class than mine. Her aunt and uncle had worked in Austin for decades and were quite connected. He ran a small business and she was a lawyer. They made introductions to people I could learn from and served as a sounding board for my ideas.Meanwhile I spent most Saturdays brushing up on my coding skills. I had the seed of an idea for a software startup and was considering raising money to focus on it full time. I figured I would need $250,000 to be able to quit my job and hire a developer friend of mine.

I had read plenty of books at this point. I was familiar with the family and friends round of financing most entrepreneurs use to get started. I almost definitely would not have been able to raise that kind of money from my family or peer group, but before I even got started trying, my wifes grandmother and uncle offered to fund the entire thing.Nana had been a school teacher along with her husband. They had saved their money and bought a piece of land in central Texas decades earlier. She offered me the proceeds from selling that land as seed capital.

And that's just from a guy who's honest.

The more rich you are earlier in life the more rich you can be later in life.

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Damn_Underscore posted...

What is rich to TC?

If you had $1 million in financial assets, you could pay yourself an ok salary and still have the total grow every year... obviously the salary would get better and better the more value you have.

The problem is getting to $1 million in the first place but you basically have to save and invest for a few decades

Even if you had $1 million you should still be working,

Actually a sound financial advisor will tell you not retire until you have a nest egg of $2 million

4. Open a coffee shop. Give the first coffee free to lure in customers, then give the second coffee free as well. For the 3rd coffee charge $50million. You will only need to sell 3 coffees and you will be rich!

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Win the lottery

Sell books and guides on making money

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the best way to get strong is to be strong

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The Trent posted...

wow if you see that as the only way yeah you shouldn't try

Indeed. TC has demonstrated poverty very well here. Not financial poverty, but a poverty mindset.

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the best way to get high is to be high

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Darmik posted...

The more rich you are earlier in life the more rich you can be later in life.

Yea definitely

Its just not the only way
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4) Win lottery

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g980 posted...

Yea definitely

Its just not the only way

At the very least if you do not have money to spare to help you be rich you will never be rich.

If you're poor and in debt then good luck.

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