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RE: Systemic Self Loathing & The Cause Is Old Money

in #money5 years ago (edited)

I’ve only known two people that made their own small fortune, the old fashioned way. One guy worked at the post office his whole life and made smart real estate investments early in his life. He’s not worth millions because of it and is horrified at buying new things like a car because he grew up with nothing and valued a dollar. The guy used to, last I saw, wash and dry paper plates to reuse it later lol

The other guy started a trade supply company for a particular tradesmen and now has 3 buildings for it, started out with nothing but his skills and a business idea. He got some investors to help I think but I don’t know his story as much, only that he’s my dads age, my dad knew him when they were younger.

Too many things have ill-gotten funding, and the whole thing is a cycle. Take Sun for example, I wonder where he got all his money, I doubt it’s from being lucky and doing things on his own at the right time. I don’t know anything about him besides he’s a millionaire.

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Well you know more than I do, I don't know anyone who can truly say it was all me without also I didn't mention money laundering or thievery or trading in illegal things like smuggling to float their legitimate business.

It's sad that we don't promote the actual people making it on their own steam, because that is hard, damn near impossible I would say in many cases.

I did some research on JS, from what I could tell he comes from a bit of money so he could study at certain institutions, rubbed shoulders with the right crowd and got backing to do some social media startup in China. Then used that "success" to gather more VC capital and ICO money to basically take ETH and add some extra bits to it

Being able to outspend the competition takes a lot of your shoulders