I literally think becoming a self made millionaire is impossible

NZA

LOL
Joined
May 3, 2012
Messages
23,292
Reputation
4,790
Daps
59,791
Reppin
Gang violence...
in a modern society, nobody is truly self made. there is too much public infrastructure involved in whatever you do.
 

Ohene

Yeah HOE!
Joined
May 1, 2012
Messages
80,274
Reputation
7,470
Daps
141,414
Reppin
Toronto
Pretty much, but when you do, go ALL OUT. I mean, sacrifice your humanity for a short time and live a life of abundance.

Jobs have outlived it's purpose. 2016, everyone is gonna see how this is the truth.
meh...my brother in law is a soon to be a partner in the consulting group of a big 4 accounting firm. Pretty sure he'll be making 300,500K a year once he reaches that point. And he's only 37 years old.

he started from the bottom too. Got his MBA and then grinded from working as a general accountant for fortune 500 companies for peanuts before getting in consulting. I'm rooting for him and hoping to follow a similar path if this side project i'm working on don't pan out (i work at a big 4 firm too). It's not impossible...just gotta grind and be a bit lucky
 

Wild self

The Black Man will prosper!
Bushed
Supporter
Joined
Jun 20, 2012
Messages
83,832
Reputation
12,640
Daps
227,732
the hard part is being consistent. all it takes is getting canned from a job, an economic downturn, or making one really bad investment to knock your buildings down and set you back

Yep, save enough money to the point that where you can live an upper middle class lifestyle off your savings alone, and investments etc. be your play money.
 

Harry Sax

Formally mr 321
Joined
May 1, 2012
Messages
14,997
Reputation
-2,443
Daps
39,068
One of my partners said he made 3.4 over the last 4 years...its def possible just gotta find your lane and capitalize and save
 

rapbeats

Superstar
Joined
Jun 8, 2012
Messages
9,362
Reputation
1,900
Daps
12,858
Reppin
NULL
Yea I'm not saying everyone in Cali is making that but I'm sure much more people are around that rate versus someone down south or something. Especially since rent is easily in the thousands there just for a month.
what i'm telling you is people are getting priced the hell out of L.A. thats how bad it is. their $$ is not matching these rents. its insane right now. even people with good paying jobs are sweating.

white folks moving to the hood. you know why? they cant afford the west side. thats why. so thats moving the blacks/broke latins out. cause when white folks come in, the everything goes up. the value goes up. when minorities are present(blacks/latins) value drops. since we dont have the $$$ usually white people do.
 

rapbeats

Superstar
Joined
Jun 8, 2012
Messages
9,362
Reputation
1,900
Daps
12,858
Reppin
NULL
If you think it's impossible, then it is. If you think it's possible, then it is. :sas1:
i think i can fly with no plane, no squirrel suit, no parachute, nothing. just jumping in the air. i think i can fly around the word like superman did with zero assistance. so why am i not flying?
 

rapbeats

Superstar
Joined
Jun 8, 2012
Messages
9,362
Reputation
1,900
Daps
12,858
Reppin
NULL
ok time for the real numbers people. lets stop the speculating.
The Average Income of Small Business Owners
The Average Income of Small Business Owners
Average Income by Experience
According to compensation survey administrator PayScale in 2010, the average income of small business owners varies widely depending upon their level of experience. For example, small business owners with less than one year of experience in running an organization earn an annual salary ranging from $34,392 to $75,076. Those with more than 10 years experience, on the other hand, earn upwards of $105,757 per year.

^^thats not millions of dollars bruhs. thats similar to what you make working for someone. with no benefits. and guess what. no vacation time. until you can afford to hire enough people to take care of your business for you(takes years). its you running it from sun up til sun down. you ever go to a burger spot or taco stand and wonder when do these people take off if they're always open for me to eat there? the answer is NEVER.

people think you work less when you work for yourself. nope. you work harder and longer hours especially in the first year or so. anyone telling you any different is a da... lie.


Small Business Annual Sales - How much money do they make?

^^READ IT
2010householdincome.png



this tells you only 6% of small business owners make more then 200k in profits per year. if they broke it down to 1 millino it would probably drop to 1% or less.

Do you now see how farfetched it is to aim for a million and end up going crazy when you realize you wont make it? then give up on every thing else. because you had this foolish mindset.

i'll say it again. you can always dream. dream big. dream huge. but work in reality. never stop dreaming but never stop working in reality. that doesnt mean dont try new stuff. it means be honest with whats going on around you. how most people get to a million or more. then ask yourself do you want to do those things to get that million? do you have what it takes to get that million (the right mix of skills, savvy, and people you know.)
 
Top