Since I have free time at my hand I want to share with you how I, together with my brother, got rich. I understand that this is not the best time, but I decided to share it anyway while I'm in mood. Also, English is not my 1st, please bear with my grammar mistakes.
Step 1. >Be decent health, 0 savings midwit >Get a day job >Get a part time evening job >Work 80 hours a week >Save every penny you can >Save up 100k
First step is to save up some money to invest. The straightforward way is to just work hard and don't spend. College is a waste of time and money for our purpose alone.
Step 2. >Be 100k savings midwit >Quit part time job, keep day job >Find a struggling small biz >Tell them you want to invest $$$ >Read all papers >Investigate finances, logistics, hr, market share and etc. >Ask all your stupid questions >Talk with your friends, family and people on the street >Ask all your stupid questions >Don't invest >Repeat 15-20 times
Second step is to get some knowledge on small biz. Before rushing to invest you need to have some knowledge and experience on how things work. Focus on 1-2 fields. It can be textile, manufacturing, tech, fashion... The only field I urge to stay away is eateries. They have high risk and low return.
Great way to get rekt little boy. you’d be better buying shitcoins with that 100k
Luis Russell
funny thing is this is actually true
Aaron Allen
fpbp. times have changed boomer. op's post sounds like the classic rich boomer talk he tells his grandkids about "making it"
Brody Young
While doing step 2, you should also educate yourself on the topic. Read books, analyze the market, talk with knowledgeable people
Step 3.
>Be 100k+ midwit >Pick 1-2 best biz from biz that you researched >This your benchmark >Keep day job, continue Step 2. >Find a small biz better than your benchmark >Get a good lawyer >Invest $$$ for minor share >Continue step 2.
For your first investment you need a very high filter. Don't rush to invest. Don't fomo, don't simp. Good small biz has a very high return. You can expect 50%-100% yearly roi, if it's less than 40%, you are doing it wrong. You don't need to invest all of your savings, invest what is needed. Don't borrow to invest.
Step 4.
>Continue step 2. and 3. >Quit your day job once your biz income>day job income
Imo, this is the best way to get rich for any midwit. Anybody can do it. Do it the right way, without shortcuts and you will make it.
on what other forums are you active? its useless to tell here anything like this. 99% here are just bottom of the barrel.
James Sullivan
This works at all times
Cooper Ramirez
this is not a forum you reddit faggot Kill yourself, you are the subhuman here
Alexander Sanders
Investing in shitcoins is a pure speculation. It has a very high risk, you can spend your life speculating and failing back to zero again and again.
Lucas Barnes
We just keep liquid cash at hand, to invest if we need it. We don't invest in stocks or real estate. We bought some gold and silver earlier this year, because our savings were piling up and we didn't have good biz to invest. A
Jack Russell
run this by me boomer, what kind of contract you get when investing in a business?
Juan Wilson
Where the fuck would you work to make $2800 every single month for three years after tax, expenses, necessary spending, transportation, food, rent e.t.c? The best job i can find without education and other requirements pays $670 before any spending.
We just get common shares, because we don't really want to get involved in decision making. However, shit happens, and sometimes we do need to get involved. You need to put reasonable covenants and reasonable liquidation preference in the contract.
Noah Wright
just lie about having a degree and apply to AP/AR roles and big 4 SDC roles.
Donate plasma too.
Asher Ross
Unless there's some online job i can do i can't even get through step one. Thanks for the effort though.
Jordan Powell
>$2800 Lol. Work from home coding.
Aiden Richardson
How rich are you guys? (Give actual numbers). And how long did it take to get rich? I'm pretty young and can get the money to do this, and no larp I actually want to and will do this, this sounds like the easiest shit ever for a midwit like me. Can you please give any more details/tips/tricks or any common obstacles you encountered?
Bentley Long
Also how do you find struggling small businesses in the first place? It's not like you can tell if they are struggling or not
Blake Rogers
>Can you please give any more details/tips/tricks or any common obstacles you encountered? Be prepared to suck dick and lose your soul in the process, get used and abused and discarded. Then smoke crack and push a cart of your bumshit until you get a heart attack. Suck more dick just to get a sandwich.
Oliver Long
If you can’t spot a struggling business or know where to look for them you need to work more. This is for midwits not fuckwits.
Anthony Campbell
My net worth is close to 900k, my brother's is little less. We started 7 years ago, I'm 32 now. This whole idea came from my uncle, he just a bought a small share in some business and we discussed expected roi and what not, and together with my brother decided to do it. In Step 1, the biggest problem is saving money you earn. I stopped smoking, eating out and even explained to my girlfriend what I'm trying to do and told her not to expect expensive gifts, travels and night outs. It took us less than 2 years to get to step 2, but we didn't start from zero.
In step 2-3, unironically the hardest part is to say NO. You need to have a very high filter. You spend weeks in close contact with biz owners and workers, you might like them personally, even become friends. But if you need to say NO, it's NO. Another hard part is to ask questions about things that you don't know. Don't shy away from sounding stupid, ask whatever you want to know and follow up if you don't understand it.
The biggest threat is that private businesses might lie about finances. Look very carefully at revenue, debt, expenses and sources of expenses.
Just go in and talk with biz owner ask some questions about his business. Often they are very happy to talk. With time you will get a big network and people will throw info at you about different investment opportunities.
Alexander Lee
>here's advice for midwits >don't get education >somehow get hired and excel to stay for 3 years at top tier positions without any education or past experience getting payed $4000+ a month Cool advice bro.
Richfag here. All in biz hyped memeable coins, hold tight,wait for bull cycle, at peak hype, take profit, do it all over again, be rich as fuck. As a poorfag you will need 2 cycles. 1000$ for the 1st,~ 100k for the 2nd. You now have 8 figures, congrats. Fuck the jew rotten established way, go all in into clown world territory, fuck the system who actively tries to eradicate you, replace your genom, bury your history, erase your racial accomplishments. Crypto is the dissident way to go.
Hunter Reed
Might as well join a MLM insurance gang, pay $500 for state licensing and live off royalties. Listen to OP if you live outside America, y'all need to break your backs for us.
Matthew Sullivan
Can you help a midwit out and list the biz hyped memeable coins? Besides LINK I literally can't tell the difference between a shill token or a memey token
Ryan Gomez
Only fruitful for high IQ, battle tested anons. I am dumber than you, less stressed, more free time, no contractual ties, no obligations, yet way more financially accomplished than you, as a ~98 IQ former construction worker. Biz all day since 2017. Buy the 7 most talked coins on biz religiously, except rpx and bsv, and you will make it. But regardless, i do appreciate your effort posting showing another way to go, thanks for that fren.
Caleb Robinson
Where in the cycle are we right now?
Luis Gomez
follow the correct people on twitter. follow the whale link wattets.
try uniswap pump and dumps if you want to gamble. but there's no real reason to do that just now. you will easy 50x if you hold link/aave/yfi
Nolan Jones
Use google for most mentioned coins on biz. At the top of my head, its also 85% of my folio, Btc, Eth, Link, Rsr, Sta, Xsn possible others Pnk,Rlc,Yfi. If poor consolidate away from Btc and you will have your 25-75x for the next bull run ~2024-2026 or so to go after the 7 figure. Good luck fren.
Ryan Long
Thanks
James Gomez
Possibly on the beginning of a bull run, with peak hype in 12-18 months. Corona could fuck it all up, but i dont care, i got high 7 figures in shitcoins, only 10k in tether, so i want to believe.
Anthony Nelson
What fucking retard company is giving you 50-100% ROI divis instead of just borrowing from the bank. The very businesses who can't finance from the bank are probably going down the shitter anyways.
I refuse to believe this isn't some bullshit larp.
William Martin
fucking hell. wattets lmao, that's not even a word why did swipe do that. you know what i mean tho anyway
John Butler
As I said, investing in coins is a pure speculation. They don't have cash flow. You might have made money in the last cycle, it doesn't mean you will make it in the next cycle. There is no guarantee there will be another bull run and even if it happens, it's safe to say that most people will lose money.
On the other hand, the way we did with my brother works for anyone and if you do it without cutting corners, guaranteed to make you rich. Invest in profitable businesses and get share of profits. It's simple as that.
Owen Clark
You seem to have absolute zero understanding of how businesses work.
>'Invest in profitable businesses and get share of profits'.
So your suggestion is to find struggling businesses, inject cash at higher implicit lending rates than banks, assume a magical turnaround for the business to a position where they CONSISTENTLY pay a divi to you, all while ignoring any opportunities to charge NED fees and actually provide value?
