The investor class has been hoovering up all of the money, if you don’t have money to invest in the stock market and are relying on wages alone then inflation is destroying your wealth. The US stock market is highly dependent on a few really shaky AI companies but it’s also going to be the most resilient if/when everything goes south for everyone. Good luck everyone!
Nothing makes money more then money
Capitalism!
God, the whole concept is just gross
Gross? I find it beautiful how you can ignore the entire capitalist system after you have enough capital.
Usury used to be illegal, and IIRC, it is in some Muslim countries. But banks and such.
Ive taken to just buying stuff if I can. Because stuff has actual value, and our money value is dropping like a rock. But real things especially in the technoligarch avian intelligence future, will be worth a lot more.
In these trying times, I’ve come to enjoy stealing!
Absolutely, if I had 2 million dollars (which if you ask me isn’t that crazy anymore) and put it all into simple things like CD’s at 4% for 1 year i would make $150k a year which I could just live off. After all taxes I would still walk away with more than I currently make yearly.
Now how do I get my hands on that? Anyone know anyone?
4% on 2 million is 80k.
Also, if you’re like between 20-50 years old, there is a good chance just living off the interest generated from 2 million would not get you through your life when you factor in inflation.
The secret ingredient is crime.
Inheritance, get lucky, maybe hush money?
“Cash Rules Everything Around Me” for anyone else who, like me, had no idea what the title acronym stood for.
Dolla dolla bills, yall
Oh, I thought it meant “In a white room, with black CuRtains, dEvAstatioM”
Wu-Tang Clan ain’t nothing to fuck with.
That’s nearly always been the way to make money.
Look up most of the mega rich people now, even the “self-made” ones and you’ll find 99/100 of them came from money.
The other way is luck. Be in the right place at the right time with the right skills to take opportunity’s hand… and pull the ladder up behind you so nobody else can follow.
I would also be a self made millionaire had i been born with a million dollars.
Any wealth I have was based on luck in real estate. Wasn’t even a skill I had, most of my down payment was an overage payment of student loans and the California lawsuit of the automotive industry in 2007-2008. Got paid out 2-3k from that alone
Thats the bullshit with capitalism. The folks who started it and got in early won. The late joiners are fucked. Its a stupid ass system.
Like any other pyramid scheme, to be honest…
It’s true. And any rich person that tells you otherwise is lying (potentially to themselves). This is why I am a big fan of Gary Stevenson who came from a working class background, got rich, and is now actively working his butt off trying to extend the ladder down to the rest of us. I recommend everyone read his book The Trading Game.
you forgot “steal 1 good idea to make billions then burn millions on your own 20 crappy ideas”
Fucking rocket sled Tesla trash. Like, the idiot that buys it will never drive it; it’s going to kill someone, if used daily.
dolla dolla bill y’all
This is how capitalism worked from the beginning. Nothing new, just progressively worse and worse.
Honestly though. I wanted to look into starting a business some years ago and most everything required you to have ass loads of money before you could get a loan.
You need some collateral or else you might try to default on the bank
how to make 1 million?
start with two million!Literally. Buy $2M 10 year treasuries at 5%, receive $100k interest every year for 10 years = $1million.
Crash Rude Elephants About Me
Is that a band name and song title, or are you experiencing aphasia? 🤔
Bit of both, The White Room immediately came to mind and so I wanted to see if Clapton and others named their band after an acronym, only to discover that they didn’t. So I made one: Clapton Really Eats Ass Mostly
