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Yes! You need an incredible flow of income to become wealthy (selling your company, book you wrote becomes a hit, etc). You cannot accomplish step 1 through a j
by ForRealsies 9y ago
Yes! You need an incredible flow of income to become wealthy (selling your company, book you wrote becomes a hit, etc). You cannot accomplish step 1 through a job.
Rich people telling you to invest in mutual funds and treasuries to become wealthy are frauds. That's what you do to MAINTAIN wealth, not to generate wealth.
- jacquesm 9y ago> You cannot accomplish step 1 through a job. Well, as the linked article and the various blog posts show, that isn't exactly true, especially not for people in IT. In IT you can accomplish step 1 through a job.
- ForRealsies 9y agoYou cannot scale yourself. You cannot demand a 200% raise from your boss. You can control your $COST_OF_LIVING, you can job hop to increase your income, but it is bounded. Just as a doctor can increase his number of patients but cannot work more than 60 hours a week.