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This is rather dark. Most people have made money in some simple ways, 1) real estate (still one of the best ways to wealth) 2) consumable products (food, wine,
by freddealmeida 5y ago
This is rather dark. Most people have made money in some simple ways, 1) real estate (still one of the best ways to wealth) 2) consumable products (food, wine, light bulbs) that are in constant demand 3) clothing (fashion always works with some caveats) 4) other consumables (oil, gas, water) 5) investing over long periods (10+ years is optimal) 6) trading other people's money (Hedgefunds, PE) actually I think PE acquisitions of existing profitable businesses is the easiest way to FU money 7) startups (not the best success rate at all but yeah it is a way
But if you are risk averse, buy companies, roll them up, take them public and go live on an island.
- ZeroGravitas 5y agoLand Value Tax advocates would suggest real estate speculation falls under 'exploit/steal from other people'. There's people that have become crazy rich because their ancestor was a sex worker that got given a big chunk of London land by the military dictator of the time. Did they or the ancestors that they inherited it from contribute anything to build London into the metropolis it is today, or was that all immigrants and working class people that were paying rent to the landowners the whole time they were increasing its worth? Real estate (edit to remove etymology claim than etymonline does not support) speculation is basically a small scale version of that. Your 4 is natural resources, which they already mentioned. Hedgefund managers are basically parasites that live on parasites.
- yetihehe 5y agoAll those methods require you to already have lots of money.