So, I guess they only made 99.9% of their wealth themselves lol
The easiest way to make a million dollars is to start with a million
When you are talking about 0.00001% outliers, yes they tend to have all the advantages. I’m not sure why this sub is so obsessed with how unfair it is they can’t be billionaires. I think being a billionaire would suck. Constant criticism and unwanted attention being responsible for the livelihoods of hundreds of thousands… Hard pass.
“Success is defined as when opportunity and preparation cross paths” All these guys had a head start, an opportunity most people will never have…but they took that opportunity and ran with it. Im no capitalist, but I dont think 99% of people given the same opportunity would achieve the same results.
Arnold Schwarzenegger has a great take on this. He came to America with very little and became successful and was often referred to by the media as “self-made”, he never agreed with that. He had help from others: friends and mentors and kind people. Not money, but “in-kind”. I wish I could find that interview…
“Make Orwell fiction again”
Guess how many people have access to $300,000 liquid. Hint – it’s a LOT.
Guess how many of those people could take $300K and turn it into billions.
That’s as close to self made as it’s gonna get.
BTW, Jeff is from Albuquerque like myself. He went to our shitty public schools and grew up in an average house.
Edit – Elon’s estranged father had a stake in a mine in Zimbabwe, and they were pretty upper middle class, but Elon saw almost none of that money after he moved to Canada.
Heil Helon! He’d love to give you his heart.
That’s how life works, winners win and losers lose. I think we just need to get over it and move forward with our own lives as best as possible.
These cry-ass posts are something.
The Elon with a rich dad thing is a myth anyway.
Go form a venture. Get yourself 300k of funding. It’s not unheard of.
And yet – all were willing to take the risk and worked their ass off.
Fuck – I forgot I’m on Reddit! I mean: ‘Damn those capitalists!!!’
Man If turning $300k into the greatest store of private wealth the world has ever seen isn’t self-made, then I don’t know what is.
$300k is not alot of money.
Also, the absolute units you must have between your legs to sit on that kind of exposure year after year after year and not cash out despite all the highs and lows of the company’s valuation…if anyone has earned his fortune, it’s that guy.
Fuck the super rich
The most common way Americans get rich is to be born that way.
People love to pretend that it’s as simple as having seed money. If that were true, anyone with X amount of money would just invest in any random person and make 5000% profit and it would cascade until we were all billionaires.
It doesn’t work like that. In fact, if you could prove reasonably well that you are capable of making that kind of profit, you would have no problem getting that seed money.
You aren’t looking at all the people who got a chance and absolutely blew it.
Here’s the real story that people don’t seem to get and keep bashing this billionaire theory:
Success is achieved with **40% luck, 40% hard work, and 20% birth**
**Birth:**
If you are born to rich parents and the luckiest SOB you still have to be born in the right century and right country. You can be born with the above in Africa during the slave trade or during their civil wars and you just wont have the opportunity to shine. Likewise if you were born in this century in America with some wealth you still might not make it because there are racial barriers that do make it harder (not impossible) to achieve success. Being born as a white male in the US definitely gives you an advantage. More points if you are slightly taller than the avg person too.
**Hardwork:**
The idea that billionaires are made off the backs of hard working employees is only half true. Sure your income disparity compared to what the boss takes home is drastically far apart but there was a time that he was one man. In business school you are taught accounting, economic theory, and technology but a big part of the education was how to make business decisions. Your mom giving you 500k will get you the meeting with a top investor or banker but you have to talk the talk and walk the walk during those meetings to get people to believe in your idea and put their pocket books behind it. Nobody is going to show you how to read a contract. Oh but i can hire a lawyer to read it and tell me what’s what. One thing in the business world that ive learned is everyone is out for themselves – even the people you hire. How can you be sure what you are signing is true if you don’t know your stuff? You have to put in the work. Double so if you are in tech and writing code. If you don’t know it there’s a cost to pay someone to teach you and they are not cheap. Furthermore, making the right decision is just as important. In this world not everything is black and white. The hardest parts of being a business owner is making those 50/50 calls. AND billionaires make the right calls more likely than not. A wrong decision can set you back 10 years, bankrupt you, or end up firing all those hardworking employees. Classic example is athletes that make millions and then become broke 5 years into their retirement. They never put in the work to know how to make decisions WITHOUT employees that bust their ass for you.
**Luck:**
This is a huge part of it. You could have the money and be born in the right place but timing and luck is huge. Ask the people that pour billions into tech during the dotcom bubble and you’ll see where this is going. Also, ive seen good hardworking owners go bankrupt cuz of stupid employees too. Case in point a few years ago an owner poured their life savings renovating a restaurant only to have a stupid employee put a rat on the grill and film it. The video went viral locally and they shut their doors the first week. How many construction injuries are caused by stupidity? How many sex jokes at work turns into a harassment case? You need luck to work in your favor too and not just to dodge stupidity. If you sit in a board meeting with some powerful people and they arent having a good day there’s no shot your pitch is going to come off clean. No fault of your hardwork or the 1m in your bank account.
stop with that narrative and put in some work
A thousand dollars is to a millionaire,
as a millionaire is to a billionaire.
I agree with the sentiment of this post, however I think you also have to admit that going from a 300k starting point to being one of the richest men in the world is still an impressive accomplishment. I don’t have a specific metric to point to but I’m guessing the number of businesses started with 300k in seed capital don’t actually make it, and even the ones that do don’t come anywhere close to the scale of Amazon. Bezos is still a piece of shit for the way his employees are treated though
100% of the time you make more money worrying about your own finances instead of someone else’s.
your point??? You understand those starts were unbelievably small compared to the enterprises they built? Those men change the world for the better and deserve our respect for their accomplishments.
OK, so they all took a major risk, and started businesses where they could lose everything.
Most people still would fail with the attempt, or spend parents money total carelessly.
Accumulate wealth takes generational effort.
Super dumb.
Warren Buffet has proved his economic worth 10 times over.
24 comments
So, I guess they only made 99.9% of their wealth themselves lol
The easiest way to make a million dollars is to start with a million
When you are talking about 0.00001% outliers, yes they tend to have all the advantages. I’m not sure why this sub is so obsessed with how unfair it is they can’t be billionaires. I think being a billionaire would suck. Constant criticism and unwanted attention being responsible for the livelihoods of hundreds of thousands… Hard pass.
“Success is defined as when opportunity and preparation cross paths” All these guys had a head start, an opportunity most people will never have…but they took that opportunity and ran with it. Im no capitalist, but I dont think 99% of people given the same opportunity would achieve the same results.
Arnold Schwarzenegger has a great take on this. He came to America with very little and became successful and was often referred to by the media as “self-made”, he never agreed with that. He had help from others: friends and mentors and kind people. Not money, but “in-kind”. I wish I could find that interview…
“Make Orwell fiction again”
Guess how many people have access to $300,000 liquid. Hint – it’s a LOT.
Guess how many of those people could take $300K and turn it into billions.
That’s as close to self made as it’s gonna get.
BTW, Jeff is from Albuquerque like myself. He went to our shitty public schools and grew up in an average house.
Edit – Elon’s estranged father had a stake in a mine in Zimbabwe, and they were pretty upper middle class, but Elon saw almost none of that money after he moved to Canada.
Heil Helon! He’d love to give you his heart.
That’s how life works, winners win and losers lose. I think we just need to get over it and move forward with our own lives as best as possible.
These cry-ass posts are something.
The Elon with a rich dad thing is a myth anyway.
Go form a venture. Get yourself 300k of funding. It’s not unheard of.
And yet – all were willing to take the risk and worked their ass off.
Fuck – I forgot I’m on Reddit! I mean: ‘Damn those capitalists!!!’
Man If turning $300k into the greatest store of private wealth the world has ever seen isn’t self-made, then I don’t know what is.
$300k is not alot of money.
Also, the absolute units you must have between your legs to sit on that kind of exposure year after year after year and not cash out despite all the highs and lows of the company’s valuation…if anyone has earned his fortune, it’s that guy.
Fuck the super rich
The most common way Americans get rich is to be born that way.
People love to pretend that it’s as simple as having seed money. If that were true, anyone with X amount of money would just invest in any random person and make 5000% profit and it would cascade until we were all billionaires.
It doesn’t work like that. In fact, if you could prove reasonably well that you are capable of making that kind of profit, you would have no problem getting that seed money.
You aren’t looking at all the people who got a chance and absolutely blew it.
Here’s the real story that people don’t seem to get and keep bashing this billionaire theory:
Success is achieved with **40% luck, 40% hard work, and 20% birth**
**Birth:**
If you are born to rich parents and the luckiest SOB you still have to be born in the right century and right country. You can be born with the above in Africa during the slave trade or during their civil wars and you just wont have the opportunity to shine. Likewise if you were born in this century in America with some wealth you still might not make it because there are racial barriers that do make it harder (not impossible) to achieve success. Being born as a white male in the US definitely gives you an advantage. More points if you are slightly taller than the avg person too.
**Hardwork:**
The idea that billionaires are made off the backs of hard working employees is only half true. Sure your income disparity compared to what the boss takes home is drastically far apart but there was a time that he was one man. In business school you are taught accounting, economic theory, and technology but a big part of the education was how to make business decisions. Your mom giving you 500k will get you the meeting with a top investor or banker but you have to talk the talk and walk the walk during those meetings to get people to believe in your idea and put their pocket books behind it. Nobody is going to show you how to read a contract. Oh but i can hire a lawyer to read it and tell me what’s what. One thing in the business world that ive learned is everyone is out for themselves – even the people you hire. How can you be sure what you are signing is true if you don’t know your stuff? You have to put in the work. Double so if you are in tech and writing code. If you don’t know it there’s a cost to pay someone to teach you and they are not cheap. Furthermore, making the right decision is just as important. In this world not everything is black and white. The hardest parts of being a business owner is making those 50/50 calls. AND billionaires make the right calls more likely than not. A wrong decision can set you back 10 years, bankrupt you, or end up firing all those hardworking employees. Classic example is athletes that make millions and then become broke 5 years into their retirement. They never put in the work to know how to make decisions WITHOUT employees that bust their ass for you.
**Luck:**
This is a huge part of it. You could have the money and be born in the right place but timing and luck is huge. Ask the people that pour billions into tech during the dotcom bubble and you’ll see where this is going. Also, ive seen good hardworking owners go bankrupt cuz of stupid employees too. Case in point a few years ago an owner poured their life savings renovating a restaurant only to have a stupid employee put a rat on the grill and film it. The video went viral locally and they shut their doors the first week. How many construction injuries are caused by stupidity? How many sex jokes at work turns into a harassment case? You need luck to work in your favor too and not just to dodge stupidity. If you sit in a board meeting with some powerful people and they arent having a good day there’s no shot your pitch is going to come off clean. No fault of your hardwork or the 1m in your bank account.
stop with that narrative and put in some work
A thousand dollars is to a millionaire,
as a millionaire is to a billionaire.
I agree with the sentiment of this post, however I think you also have to admit that going from a 300k starting point to being one of the richest men in the world is still an impressive accomplishment. I don’t have a specific metric to point to but I’m guessing the number of businesses started with 300k in seed capital don’t actually make it, and even the ones that do don’t come anywhere close to the scale of Amazon. Bezos is still a piece of shit for the way his employees are treated though
100% of the time you make more money worrying about your own finances instead of someone else’s.
your point??? You understand those starts were unbelievably small compared to the enterprises they built? Those men change the world for the better and deserve our respect for their accomplishments.
OK, so they all took a major risk, and started businesses where they could lose everything.
Most people still would fail with the attempt, or spend parents money total carelessly.
Accumulate wealth takes generational effort.
Super dumb.
Warren Buffet has proved his economic worth 10 times over.
Meanwhile you’re still making sandwiches.
Out of here with this dumb shit.
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