Starting with a small loan of $10 million, at 8% return, invested for 60 years, is all that is needed to be a billionaire.
Get rich parents that will loan their newborn $10 million.
Here in Norway, a few years back, almost every news outlet had “guides” on how to buy your first apartment/house (buying a home became an integrated part of our economy after the war).
It was in the style of “if I can do it, anyone can”-interview with someone that just recently had bought their first home. The articles started pretty tame with clever tips where the boy/girl made coffee/lunch at home and saved a miniscule amount of money. Sure. Nice tips on how to save money.
Then it usually escalated to get your parents to buy an apartment, rent it out and keep all the rent income while living for free at home. After a while, sell the apartment and buy a new one.
Pretty fucking horrifying that journalists thought: “yes, this is a good article to print. It will help people!”
That’s right, it’s not too late to get adopted by an oligarch
But maaa, I want my own e-corp producing proprietary garbage 😭
Eat your veggies Timmy… yes, they’re digitally signed by MS, don’t worry.
No way! At 40, I’m the perfect age to make TWO Microsofts! Or one Megahard!
Or conquer all of Asia and kill enough people, and cause enough children to be a significant part of the gene pool for thousands of years
Oppan Ghenghis style!
I can make Orange. All we do is take other people’s ideas, make them look a little nicer and charge 1000% more.
like the telephone company?
I’ve never seen capitalism explained better than this.
Also most of those “self made” billionaires already grew up in wealthy families.
Yeah, the youngest ever (at the time, at least) “self made” billionaire was a fucking Kardashian!
Steve Jobs was 21 when he got Mike Markkula to invest a ton of money into incorporating Apple.
Bill Gates was 20 when he realized he came from a rich family thanks to his dad being a good lawyer and his mom was on a ton of Executice Boards.
Ibm.
That’s how he got a hold of dos.
IBM is how he got into the PC infrastructure via licensing. He saw what the execs didn’t, that anyone could build hardware but what ran on it controlled the world. And I don’t know how true it is, but my understanding is that Gates was so shrewd he bet on getting that agreement before he even had the software in hand. Which if true says even more about the IBM execs who agreed to something sight unseen.
And I don’t know how true it is, but my understanding is that Gates was so shrewd he bet on getting that agreement before he even had the software in hand.
That’s not being “shrewd;” that’s just not giving a fuck about screwing over other people if your bet doesn’t work out.
Sadly, the age of garage tech startups is over, big tech made sure of that. They now just buy tech start ups with no intention of leveraging their innovations, but rather to maintain the status quo. Late stage capitalism…
Garage tech startups where the garage belongs to your already upper-income-class parents
I know it’s not a business, but the whole fediverse gives “garage startup” vibes, and it’s refreshing.
Too lazy to give up, fuck it
Removed by mod
Silly. I gave up way before I was in my 20s.
Someone’s just going to steal whatever you make anyway.
I stole this comment
I stole this comment
Someone’s just going to steal whatever you make anyway.
[This is an original comment that no one else has ever made before.]
Better cite Wozniak as the one who ‘made’ Apple; but anyway.
If you never try, you never have to give up.
Think outside of the box, make pear.
Megahard Pear.
Nah I’m too tired to give up
I believe these are known as demotivational posters.
