The Billionaire Dropout Is a Myth; Don’t Buy It

[TLR Is Mental Poison]

people who promote doing something other than going to college if u don't really want to don't use those two guys as lead examples

Disagree with needing a college degree is the best way to become successful in the future. He's talking about getting a job. When a job doesn't equal success anymore. They need to start teaching that the common millionaire has 7 streams of income. Not one job that u can be laid off from at any moment.

I understand black people promoting college and getting a job since for the longest we lagged behind in them. But we playing catch up while these white boys been there done that. We playing the game like its still 1970. U know the economy and the future of America is changing when white boys start promoting not going to college. Plenty millionaires/billionaires teaching people why they should avoid getting a job and going into business for themselves while we telling everybody to work for them.

The "avoid a job and start a business" myth is even more dangerous than the "school is for suckers" myth

With college at least I can understand the hesitation in foregoing 4 years of income AND possibly accumulating debt for a degree that doesn't pan out. What exactly does one lose in getting a job? All the "jobs are for suckers" idiots dont seem to realize that, if nothing else, one can have a job AND a business simultaneously. I.e. it's not one or the other, I have been doing both for about 3 yrs now. 2 a decent job is essentially a paid learning opportunity. I could not have started my business without the years of experience and knowledge I accumulated as a "corporate slave". 3 as you said "the common millionaire has 7 streams of income".... I would bet the majority of those millionaires have a job as one of those streams. The best income streams are the ones that don't require any of your time.

People like to sell the whole "work/school is for suckers" lie because they want to rationalize their laziness or mediocrity in those arenas. News flash, odds are very low that if you aren't successful in school or at a regular job u will be as a "business owner". Like diude said these guys dropped out of HARVARD. Your run of the mill 5-Linx entrepreneur is not built like dat

 

[kav45]

The "avoid a job and start a business" myth is even more dangerous than the "school is for suckers" myth

With college at least I can understand the hesitation in foregoing 4 years of income AND possibly accumulating debt for a degree that doesn't pan out. What exactly does one lose in getting a job? All the "jobs are for suckers" idiots dont seem to realize that, if nothing else, one can have a job AND a business simultaneously. I.e. it's not one or the other, I have been doing both for about 3 yrs now. 2 a decent job is essentially a paid learning opportunity. I could not have started my business without the years of experience and knowledge I accumulated as a "corporate slave". 3 as you said "the common millionaire has 7 streams of income".... I would bet the majority of those millionaires have a job as one of those streams. The best income streams are the ones that don't require any of your time.

People like to sell the whole "work/school is for suckers" lie because they want to rationalize their laziness or mediocrity in those arenas. News flash, odds are very low that if you aren't successful in school or at a regular job u will be as a "business owner". Like diude said these guys dropped out of HARVARD. Your run of the mill 5-Linx entrepreneur is not built like dat

however look at the sucess of the dame dash bfc interview and his new legion of fanboys paying for his seminars

 

[The Coochie Assassin]

The "avoid a job and start a business" myth is even more dangerous than the "school is for suckers" myth

With college at least I can understand the hesitation in foregoing 4 years of income AND possibly accumulating debt for a degree that doesn't pan out. What exactly does one lose in getting a job? All the "jobs are for suckers" idiots dont seem to realize that, if nothing else, one can have a job AND a business simultaneously. I.e. it's not one or the other, I have been doing both for about 3 yrs now. 2 a decent job is essentially a paid learning opportunity. I could not have started my business without the years of experience and knowledge I accumulated as a "corporate slave". 3 as you said "the common millionaire has 7 streams of income".... I would bet the majority of those millionaires have a job as one of those streams. The best income streams are the ones that don't require any of your time.

People like to sell the whole "work/school is for suckers" lie because they want to rationalize their laziness or mediocrity in those arenas. News flash, odds are very low that if you aren't successful in school or at a regular job u will be as a "business owner". Like diude said these guys dropped out of HARVARD. Your run of the mill 5-Linx entrepreneur is not built like dat

Good post.

But I don't think taking a stab at starting a business is dangerous, especially if u try it out in your late teens/early 20s when u have time to fail and learn. People lose a lot in getting a job, one of the biggest things being their time. Most people I know with a job are exhausted after the work week and just want to drink and watch television all weekend before preparing to go back to work on Monday.

I definitely agree u can do both and actually told a coli poster that who quit his job to start a business but failed. Now he's going back to a job again. I'm happy he TRIED and saw his life wasn't over. Can't say I agree with having to work for someone else for years before starting a business. I don't think school is for suckers, I think we have a lot of talented blacks who are all being told to go to school and be an employee only.

But again, the article is irrelevant imo. I never met a black person drop out of school to create the next Microsoft or Facebook Every black person I know who dropped out did so because college wasn't for them or they didn't have enough money. We need more college alternatives. Also, I just don't like the argument of everyone can't start a business from people in academia. I know A LOT of black people with degrees who kind of look down on entrepreneurship. I have a bachelors, but I also realize its not the end all be all.

 

[88m3]

Good post.

But I don't think taking a stab at starting a business is dangerous, especially if u try it out in your late teens/early 20s when u have time to fail and learn. People lose a lot in getting a job, one of the biggest things being their time. Most people I know with a job are exhausted after the work week and just want to drink and watch television all weekend before preparing to go back to work on Monday.

I definitely agree u can do both and actually told a coli poster that who quit his job to start a business but failed. Now he's going back to a job again. I'm happy he TRIED and saw his life wasn't over. Can't say I agree with having to work for someone else for years before starting a business. I don't think school is for suckers, I think we have a lot of talented blacks who are all being told to go to school and be an employee only.

But again, the article is irrelevant imo. I never met a black person drop out of school to create the next Microsoft or Facebook Every black person I know who dropped out did so because college wasn't for them or they didn't have enough money. We need more college alternatives. Also, I just don't like the argument of everyone can't start a business from people in academia. I know A LOT of black people with degrees who kind of look down on entrepreneurship. I have a bachelors, but I also realize its not the end all be all.

lulz

 

[TLR Is Mental Poison]

Good post.

But I don't think taking a stab at starting a business is dangerous, especially if u try it out in your late teens/early 20s when u have time to fail and learn. People lose a lot in getting a job, one of the biggest things being their time. Most people I know with a job are exhausted after the work week and just want to drink and watch television all weekend before preparing to go back to work on Monday.

I definitely agree u can do both and actually told a coli poster that who quit his job to start a business but failed. Now he's going back to a job again. I'm happy he TRIED and saw his life wasn't over. Can't say I agree with having to work for someone else for years before starting a business. I don't think school is for suckers, I think we have a lot of talented blacks who are all being told to go to school and be an employee only.

But again, the article is irrelevant imo. I never met a black person drop out of school to create the next Microsoft or Facebook Every black person I know who dropped out did so because college wasn't for them or they didn't have enough money. We need more college alternatives. Also, I just don't like the argument of everyone can't start a business from people in academia. I know A LOT of black people with degrees who kind of look down on entrepreneurship. I have a bachelors, but I also realize its not the end all be all.

I think starting a business can be a good, but brehs try and do the shyt all willy nilly. Just wanting to start a business isnt enough... it has to be a business worth starting and it has to be run right. A lot of people wanna start a business but they don't have a good business idea. And a lot of times, even when they have a good idea, they fukk it up like @The Nigerian. Working at different companies enabled me to see how different companies operate and seeing what works vs what doesn't so when I started to do my own thing I had a plan. I'm still learning but again w/o that prior experience I wouldn't have had shyt. U have to learn the game before u can win it

If people dont have the drive to sacrifice their time they will never succeed. My pops burned himself out working 12 hour days... but if he didnt go to his business he didn't get paid Job, business, w/e u have to grind. I probably average ~60 hours a week. This December I took off 2 weeks from my regular job so I could do 12-16 hour days for my side gig. Meanwhile u have people talking about starting a business who cant even manage to show up to a 9 to 5 reliably. So Im not sold.

And going back to a job after being in a business isn't failure either. I think a lot of people overromanticize the idea of owning a business. When it's all said and done, for most people business ownership is no better than a job. Most businesses fail and many take a lot of time to generate income. I would rather let someone else have all those headaches and just get a paycheck. Not to mention if Bill Gates took a job today as some kind of technology chairman or w/e after having started MSFT nobody would call him a failure. Business ownership isn't something you have to graduate into from a job, Id rather be a CEO than a guy working a hot dog stand.

College is expensive but I still think people should go if they can. Govt just needs to make education public up through bachelor's degrees. Thats the new HS diploma. College has already shown it generates great returns.... we as a society should invest in getting more people degrees and helping people finish. The unfinished college degree is the real college debt crisis.

 

[The Coochie Assassin]

I think starting a business can be a good, but brehs try and do the shyt all willy nilly. Just wanting to start a business isnt enough... it has to be a business worth starting and it has to be run right. A lot of people wanna start a business but they don't have a good business idea. And a lot of times, even when they have a good idea, they fukk it up like @The Nigerian. Working at different companies enabled me to see how different companies operate and seeing what works vs what doesn't so when I started to do my own thing I had a plan. I'm still learning but again w/o that prior experience I wouldn't have had shyt. U have to learn the game before u can win it

If people dont have the drive to sacrifice their time they will never succeed. My pops burned himself out working 12 hour days... but if he didnt go to his business he didn't get paid Job, business, w/e u have to grind. I probably average ~60 hours a week. This December I took off 2 weeks from my regular job so I could do 12-16 hour days for my side gig. Meanwhile u have people talking about starting a business who cant even manage to show up to a 9 to 5 reliably. So Im not sold.

And going back to a job after being in a business isn't failure either. I think a lot of people overromanticize the idea of owning a business. When it's all said and done, for most people business ownership is no better than a job. Most businesses fail and many take a lot of time to generate income. I would rather let someone else have all those headaches and just get a paycheck. Not to mention if Bill Gates took a job today as some kind of technology chairman or w/e after having started MSFT nobody would call him a failure. Business ownership isn't something you have to graduate into from a job, Id rather be a CEO than a guy working a hot dog stand.

College is expensive but I still think people should go if they can. Govt just needs to make education public up through bachelor's degrees. Thats the new HS diploma. College has already shown it generates great returns.... we as a society should invest in getting more people degrees and helping people finish. The unfinished college degree is the real college debt crisis.

All of those critiques can be made for college too. A lot of people are given the generic advice "I know u don't know what u want to do yet but go to college and you'll be fine " then leave with tons of debt and a BS degree. Whatever u do, gotta have a plan. Some people definitely trade in a regular 9-5 for a business that is just a glorified job. Again, have a plan. I can see we are in two different stages of life based on your opinions. Good posts tho, I see where u coming from.

 

[TLR Is Mental Poison]

All of those critiques can be made for college too. A lot of people are given the generic advice "I know u don't know what u want to do yet but go to college and you'll be fine " then leave with tons of debt and a BS degree. Whatever u do, gotta have a plan. Some people definitely trade in a regular 9-5 for a business that is just a glorified job. Again, have a plan. I can see we are in two different stages of life based on your opinions. Good posts tho, I see where u coming from.

Yea I think the way folks are rushed into college is a big failure as well. The system could work a lot better. In any case u are right. Having a plan is half the battle. I just think people should be open minded. Any legal way to get money is OK w/me. Dont leave any crumbs on the table

 

[Cynic]

The "avoid a job and start a business" myth is even more dangerous than the "school is for suckers" myth

With college at least I can understand the hesitation in foregoing 4 years of income AND possibly accumulating debt for a degree that doesn't pan out. What exactly does one lose in getting a job? All the "jobs are for suckers" idiots dont seem to realize that, if nothing else, one can have a job AND a business simultaneously. I.e. it's not one or the other, I have been doing both for about 3 yrs now. 2 a decent job is essentially a paid learning opportunity. I could not have started my business without the years of experience and knowledge I accumulated as a "corporate slave". 3 as you said "the common millionaire has 7 streams of income".... I would bet the majority of those millionaires have a job as one of those streams. The best income streams are the ones that don't require any of your time.

People like to sell the whole "work/school is for suckers" lie because they want to rationalize their laziness or mediocrity in those arenas. News flash, odds are very low that if you aren't successful in school or at a regular job u will be as a "business owner". Like diude said these guys dropped out of HARVARD. Your run of the mill 5-Linx entrepreneur is not built like dat

1) You are having your cake and eating it too, you have job security but don't really believe in your business. Typical corporate drone mentality - which is okay.

2) A job is a job, you are disposable at any moment and are subject to office politics if you aren't senior management. Nevermind the fact that unless you work in finance/high end sales your chances of being a millionaire before 30 are zilch.

3)So you are saying a job is NOT the best income stream ?

While you are dividing your effort and time between a job and your side business, there's somebody right now whose is taking the plunge full time, acquiring your (potential) clients, hiring the best talent and raising capital for a b!g fat pay day

 

[TLR Is Mental Poison]

1) You are having your cake and eating it too, you have job security but don't really believe in your business. Typical corporate drone mentality - which is okay.

2) A job is a job, you are disposable at any moment and are subject to office politics if you aren't senior management. Nevermind the fact that unless you work in finance/high end sales your chances of being a millionaire before 30 are zilch.

3)So you are saying a job is NOT the best income stream ?

While you are dividing your effort and time between a job and your side business, there's somebody right now whose is taking the plunge full time, acquiring your (potential) clients, hiring the best talent and raising capital for a b!g fat pay day

1) This clown lol. I quit an old job to start my business. Once I got it up and running steady I got a full time job to make even more money. I'm backlogged right now, I am turning work down on my business to catch up. Things are moving fine.

2) Im already over 30 and far from a millionaire, and Im cool with that. I do OK, and dont feel the need to wear my financial worth on my sleeve

3) Im saying a job is an income stream like any other, with its own benefits and drawbacks. No income stream is perfect... definitely not businesses, business has a 10% survival rate and even within that just because you are in business doesnt mean you are always profitable.

But I can tell by your avi you are prob one of those pyramid scheme idiots.... go head bruh get yo shine on

 

[Cynic]

1) This clown lol. I quit an old job to start my business. Once I got it up and running steady I got a full time job to make even more money. I'm backlogged right now, I am turning work down on my business to catch up. Things are moving fine.

2) Im already over 30 and far from a millionaire, and Im cool with that. I do OK, and dont feel the need to wear my financial worth on my sleeve

3) Im saying a job is an income stream like any other, with its own benefits and drawbacks. No income stream is perfect... definitely not businesses, business has a 10% survival rate and even within that just because you are in business doesnt mean you are always profitable.

But I can tell by your avi you are prob one of those pyramid scheme idiots.... go head bruh get yo shine on

1) The fact you got a job to create more income is very revealing of the mentality you have.
If your business was lucrative and you had systems in place it would replace your income and run without your daily input.

2) I'm under 30 and richer but I never state/brag about my income like that because it's irrelevant

3) A job means you trade time for money. I leverage skill not time( rarely my own money) to create income streams.

Most people in business are clueless idiots who shift blame and deserve to be bankrupt.
Thank goodness these people are wiped out every five years.


You are wrong, I detest MLM actually. It attracts the lowest pool of desperados and besides what happens when your MLM company shuts down ?

I do have passive income through a few licensing deals but me and my team primarily buy/sell real estate and companies with the occasional consulting

Nice try though

 

[TLR Is Mental Poison]

1) The fact you got a job to create more income is very revealing of the mentality you have.
If your business was lucrative and you had systems in place it would replace your income and run without your daily input.

2) I'm under 30 and richer but I never state/brag about my income like that because it's irrelevant

3) A job means you trade time for money. I leverage skill not time( rarely my own money) to create income streams.

Most people in business are clueless idiots who shift blame and deserve to be bankrupt.


You are wrong, I detest MLM actually. It attracts the lowest pool of desperados and besides what happens when your MLM company shuts down ?

I do have passive income through a few licensing deals but me and my team primarily buy/sell real estate and companies with the occasional consulting

Nice try though

1) So if one doesnt commit every waking hour to a business it doesnt make them any money? OK

2) Then whats up with your cheesy ass avatar?

3) So with a job I trade my time for money, but with a business I don't?

And you said w/a job I can get tossed whenever I want... thats a two way street. I can (and have) leave whenever I want as well. Like I said I quit a pretty good job to start my business. W/a business on the other hand, if u sign on to do work for somebody, u cant just walk away. Ur bound. So again I have heard all the "jobs are for suckers" arguments and most of em are bullshyt. They are hurled by people who have a personal stake in the idea of being a business owner... usually as a means of looking down on or shytting on other people. Im like, I dont care how u get money, as long as its legal and isnt hurting anybody. Why should it matter if u do it by owning equities or owning a business or a job? One way or another u are trading something, whether its time or capital, in return for income. So squabbling over a job vs a business is a waste of time

 

[Pyrexcup]

not saying a degree is bad or anything but let's be real in 2015 there are plenty of people with good degrees who are unemployed or working low skilled jobs

 

[TLR Is Mental Poison]

not saying a degree is bad or anything but let's be real in 2015 there are plenty of people with good degrees who are unemployed or working low skilled jobs

Getting a job requires more than getting a degree..........................

 

[Pyrexcup]

Getting a job requires more than getting a degree..........................

depends what you want to do. but yeah as a black man your probably better off getting a degree

 

[Cynic]

1) So if one doesnt commit every waking hour to a business it doesnt make them any money? OK

2) Then whats up with your cheesy ass avatar?

3) So with a job I trade my time for money, but with a business I don't?

And you said w/a job I can get tossed whenever I want... thats a two way street. I can (and have) leave whenever I want as well. Like I said I quit a pretty good job to start my business. W/a business on the other hand, if u sign on to do work for somebody, u cant just walk away. Ur bound. So again I have heard all the "jobs are for suckers" arguments and most of em are bullshyt. They are hurled by people who have a personal stake in the idea of being a business owner... usually as a means of looking down on or shytting on other people. Im like, I dont care how u get money, as long as its legal and isnt hurting anybody. Why should it matter if u do it by owning equities or owning a business or a job? One way or another u are trading something, whether its time or capital, in return for income. So squabbling over a job vs a business is a waste of time

1) The guy who is committed to his business will eat you alive. Maybe your business has different goals.
While you are working for someone else...the true entreprenuer is building a company that will sell for a healthy multiple.
He is gaining marketshare and commanding premiums while hiring the best talent to replace himself. Maybe you don't care


2) I've had that avi from the 2nd week I signed up here. So ?


3) With a job you will always trade your time for money, with a business. It can actually buy you time to do whatever you really want to do it.


It depends what business model you run, if you don't want to do the work...hand it off to a competitor and work out a split or outsource it for a spread.
I don't look down on people with jobs, some people aren't cut out for business (clearly) but personally I couldn't imagine having a job and they really are
for suckers. That's just my mentality and the mentality of my circle.

Building an autonomous company >>>>>>> working at a job.
Giving yourself a pay raise >>>>>> working at a job
Freedom to build more companies >>>>>>>>> working at a job
Giving more to charitable causes >>>>>>>>working at a job
Creating jobs >>>>>>>working at a job

I can't even name a single good thing about working at a job but that's fine. I get it.
Most people need security and their lives to be put into order.

i'll let you cook though :madiba: