Black CEO: Do More Than Save if You Want to Be Wealthy

[theworldismine13]

Black CEO: Do More Than Save if You Want to Be Wealthy
Personal Finance: Saving and Building Wealth Aren't the Same Thing - The Root

 

[Crakface]

Start investing in crime like every other nationality.

 

[Reality]

Start investing in crime like every other nationality.

"Playing by the rules is the easiest way to play to lose."

 

[Crakface]

"Playing by the rules is the easiest way to play to lose."

Aint no such thing as an honest millionare. You have to master crime and staying under the radar, like the cacs.

 

[88m3]

no shyt

 

[wheywhey]

His advice is very generic. First, the average American doesn't even save. Paying off debts and building a sizeable emergency fund should be done before taking risks with investing. Maybe he is talking to people like himself who make six figures. He says to pick a trust worthy advisor. If you are smart enough to pick an advisor, you can do your own investing and save the fees. The less you pay in fees and commissions, the less risk you have to take.

 

[philmonroe]

Aint no such thing as an honest millionare. You have to master crime and staying under the radar, like the cacs.

Broke people logic at its finest. There are many honest millionaires

 

[Crakface]

Broke people logic at its finest. There are many honest millionaires

You dont know one. Please be quiet.

 

[philmonroe]

You dont know one. Please be quiet.

Speak for yourself so take your own advice

 

[Crakface]

Speak for yourself so take your own advice

All the millionaires i know are very unethical and you dont get rich being honest.

You will realize this if you ever step out of the poorhouse.

 

[philmonroe]

All the millionaires i know are very unethical and you dont get rich being honest.

You will realize this if you ever step out of the poorhouse.

Good now your speaking for yourself this other bullshyt you put you wish but if that makes you feel better ok I'm in the poorhouse

 

[NZA]

people who cant afford to lose shouldnt really be investing. pay your debts, save for rainy days. once you have that taken care of, then maybe invest in the index, but i wouldnt tell most americans to think they are going to take their call center income and risk it in the market and come out ok.

 

[Mr. Somebody]

people who cant afford to lose shouldnt really be investing. pay your debts, save for rainy days. once you have that taken care of, then maybe invest in the index, but i wouldnt tell most americans to think they are going to take their call center income and risk it in the market and come out ok.

Many people meet their initial success by gambling everything to make it.

 

[NZA]

Many people meet their initial success by gambling everything to make it.

most of those people end up feeding their children with food boxes from the church. we only hear about the success stories because failure in america is so shameful that people who struggle do so in silence whenever possible, especially when it's because they through what little money they had into schemes run by much wealthier people.

investing in a small bootstrappable business is probably the best way for most people, then after that, taking out debt to get a degree in a highly in demand field would be next. so few americans get their income from capital gains that it really is just a game for a select few. then add onto that the fact that the game is rigged by the power players and the fact that owning a few shares of anything is not going to move the needle much in your lifetime and you pretty much come away with good jobs or small business creation as the only real vehicle for wealth creation among the masses outside of a hot housing market or high progressive taxation.

 

[Mr. Somebody]

most of those people end up feeding their children with food boxes from the church. we only hear about the success stories because failure in america is so shameful that people who struggle do so in silence whenever possible, especially when it's because they through what little money they had into schemes run by much wealthier people.

investing in a small bootstrappable business is probably the best way for most people, then after that, taking out debt to get a degree in a highly in demand field would be next. so few americans get their income from capital gains that it really is just a game for a select few. then add onto that the fact that the game is rigged by the power players and the fact that owning a few shares of anything is not going to move the needle much in your lifetime and you pretty much come away with good jobs or small business creation as the only real vehicle for wealth creation among the masses outside of a hot housing market or high progressive taxation.

Well a very small percentage of the population is well off so i think there really is no set in stone formula for being wealthy later in life. Unless you plan on not having any expenses outside of your cost of living taking into account no unforseeable expenses, its not realistic to think everyone can be a millionare.