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Aside from the first point, you need money to do the rest. Furthermore, consider it from someone on minimum wage and limited work experience, they have basicall
by ZenoArrow 11y ago
Aside from the first point, you need money to do the rest. Furthermore, consider it from someone on minimum wage and limited work experience, they have basically no money to invest, banks would be reluctant to give them business loans, the education they can get for free barely registers as valid for most employers.
It's important to understand the concept of dead-end jobs. Some people are stuck doing jobs like stacking shelves at Walmart, they need the money they get so they can't quit or reduce their hours to return to formal education, but they don't have a varied background of work experience or recognised skills to easily move beyond what they currently do.
FWIW, I didn't downvote you.
- WalterBright 11y ago> you need money to do the rest 2. Google "how to start a business with no money". 3. Etsy, Ebay, Amazon - costs nothing or next to nothing to set up your stuff there, access to global marketplace. 4. You can start an investment program with an online brokerage account with as little as $100. Online trades are $10.00.
- lumberjack 11y ago>4. You can start an investment program with an online brokerage account with as little as $100. Online trades are $10.00. Are you honestly suggesting that a viable way for people to get out of poverty is to start trading stocks with a starting capital of $100? That's the dumbest thing I've read on HN by far and no that's not a compliment if case you were wondering.
- WalterBright 11y agoNobody is suggesting that someone living under a bridge should start investing. But there's a vast spectrum of people between that and the 1% who can invest. I did say 'start', implying that one would regularly add more funds over time. The point, though, is that it has never been easier to invest.
- ZenoArrow 11y agoSo your solution to poverty is gambling on the stock market? You can dress it up as investment if you like, but it's still gambling.