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A millionaire tried doing this and gave up
100% It will work.
Not gonna lie, had me in the first half
Not me, but only because I’ve watched his videos on YouTube. The man is a brilliant comedian IMO.
They would. It’s an interesting mindset to have. There’s people who get into debt over stupid chit… like cars and jewelry. And there’s people who get into debt by pulling loans and investing with said loans to then multiply their investments and intentionally stay in perpetual debt for their financial benefit. They don’t feel the stress of owing money back to the banks, they’re a godless (it is a sin within Abrahamic religions to not pay back your debts, essentially, you’re stealing someone else’s money) and immoral people.
Usury is still considered a sin, I believe. But then they figured out a way to make “charging interest on loans” ≠ “usury” so that lenders can now make money on their loans with impunity.
Interest in general is a sin, yes.
You can thank a certain people for that… can’t name names, don’t want to be labeled a bigot or racist.
No one single group of people invented the idea of charging interest for loaned money. What makes you a bigot is that you think there is.
The oldest recorded history of usury was during ancient Mesopotamia.
It’s the first and third Abrahamic religions. Christ never said anything about usery, and Baha’u’llah said that it was allowed within certain guidelines. It was only the Jewish and Muslim faiths that weren’t supposed to charge other Jews, or other Peoples of The Book, (that would be Jews, Christians, and Muslims,) respectively. They could charge the hethans interest though
lol… Muslims can’t charge interest. Interest is a form of oppression.
In Islam, usury (known as “riba” in Arabic) is strictly prohibited. Riba refers to any guaranteed interest on loaned money, which is seen as exploitative and unjust. The prohibition of riba is based on several Quranic verses and Hadith (sayings and actions of the Prophet Muhammad, peace be upon him).
Quranic Verses on Riba Condemnation of Riba: The Quran clearly condemns riba and warns of severe consequences for those who engage in it. For example:
Surah Al-Baqarah (2:275-279):
Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, “Trade is [just] like interest.” But Allah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allah. But whoever returns [to dealing in interest or usury] - those are the companions of the Fire; they will abide eternally therein.
Allah destroys interest and gives increase for charities. And Allah does not like every sinning disbeliever.
Indeed, those who believe and do righteous deeds and establish prayer and give zakah will have their reward with their Lord, and there will be no fear concerning them, nor will they grieve.
O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers.
And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal - [thus] you do no wrong, nor are you wronged.
Surah An-Nisa (4:161):
And [for] their taking of usury while they had been forbidden from it, and their consuming of the people’s wealth unjustly. And We have prepared for the disbelievers among them a painful punishment.
In conclusion, in Islam, usury or interest (riba) is unequivocally prohibited due to its exploitative nature and potential to cause social and economic injustice. The Quran and Hadith provide clear guidance on avoiding riba and encourage ethical alternatives that promote fairness, mutual benefit, and social welfare. Islamic banking and finance have developed various instruments to adhere to these principles while providing viable financial services.
There’s no correlation between being rich and being intelligent.
Also, no they wouldn’t. 90% of them are rich because they had money before they gained consciousness. You have to have money to make money.
And isn’t greed a sin? isn’t having billions being greedy? You just hate poor people, don’t you?
You have to have money to make money.
Not true… You need good credit to have money and make that money make you money. Or ask for a loan from a person instead of a bank.
And isn’t greed a sin? isn’t having billions being greedy? You just hate poor people, don’t you?
Greed is a sin. It is subjective, having billions doesn’t automatically make you a greedy person. If you have billions, are you giving to charities?
I’m Muslim so here’s this:
The Quran encourages believers to be generous and spend in the way of Allah. Surah Al-Baqarah (2:177) emphasizes the importance of giving: Righteousness is not that you turn your faces toward the east or the west, but [true] righteousness is [in] one who believes in Allah, the Last Day, the Angels, the Book, and the Prophets and gives his wealth, in spite of love for it, to relatives, orphans, the needy, the traveler, those who ask [for help], and for freeing slaves; [and who] establishes prayer and gives zakah; [those who] fulfill their promise when they promise; and [those who] are patient in poverty and hardship and during battle. Those are the ones who have been true, and it is those who are the righteous.
No, I don’t hate poor people. I was born into a lower middle class family and if the world was perfect, all humans would be wealthy and live financially stress free, accessible to any and all resources needed to prosper.
I really needed to puke, thank you for helping me achieving said need.
All billionaires come from privileged positions that afforded the needed social structures, and funding, to do it. Most people who become billionaires do so via inheritance. When you look into those who did not you see a pattern of born into a position with the resources to do so, and/or a string of random luck allowing for the needed connections.
Bill Gates’ parents had enough money to send him to one of the few high schools that had a computer to learn coding on, had an investment banker uncle that put millions into microsoft when it was still operating in a motel room, and his mother was on the board of a charity with one of the board members of IBM, and asked him to consider her son’s software.
Warren Buffett happened to meet a man who owned a large commercial property, that liked him, and ended up giving him the property, after mentoring him on how to invest, something he had developed an interest in after meeting someone in that industry while in the military. He sold the property for a lot of money and used it to apply what he had been mentored on.
Steve Jobs was adopted by well to do parents who raised him in silicon valley. This not only allowed him to be in silicon valley as it set off to be the most important place in the tech industry, he also had other benefits. His father had a full blown mechanic’s set up in their garage because it was his hobby. He taught Steve to use tools, and work on machines. Their neighbor was also an eccentric engineer in the very early silicon valley computer tech industry. This neighbor went out of his way to befriend the local kids and teach them about computers, software, electronics, and engineering. He also happened to become close friends with the brilliant Steve Wozniak.
I can go on. All billionaire’s lives are a string of exceptional fortunate events.
Jeff Bezos, the founder of Amazon and one of the wealthiest individuals in the world, was not born into a particularly wealthy family. His parents, Jacklyn and Ted Jorgensen, were teenagers when Bezos was born on January 12, 1964, in Albuquerque, New Mexico. Bezos’s biological father, Ted Jorgensen, was a bike shop owner and later worked as a circus performer. Jacklyn and Ted divorced when Bezos was still an infant, and Jacklyn remarried Miguel Bezos, a Cuban immigrant who legally adopted Jeff and gave him his last name.
Miguel Bezos worked as an engineer for Exxon, and the family moved frequently due to his job. While Bezos grew up in a relatively stable and middle-class environment, his parents emphasized hard work, education, and resourcefulness. Bezos often credited his stepfather, Miguel, for instilling in him important values and a strong work ethic.
While Bezos did not inherit significant wealth, his upbringing provided him with a supportive family environment and access to educational opportunities. Bezos attended Princeton University, where he studied electrical engineering and computer science, laying the groundwork for his future entrepreneurial endeavors. It was during his time at Princeton that Bezos developed the idea for an online bookstore, which eventually grew into the e-commerce giant Amazon.com.
Oprah Winfrey: Born into poverty in rural Mississippi, Oprah Winfrey overcame significant challenges, including a difficult childhood marked by poverty and abuse. Through perseverance and talent, she became one of the most successful media personalities in the world, building a media empire that includes television, film, publishing, and philanthropy.
Howard Schultz: Growing up in a Brooklyn housing project, Howard Schultz faced financial hardship and struggled academically. Despite these challenges, he became the CEO of Starbucks, transforming it from a small coffee retailer into one of the world’s most recognizable brands.
Jan Koum: Jan Koum immigrated to the United States from Ukraine as a teenager with his mother, facing poverty and relying on government assistance. He later co-founded WhatsApp, a messaging platform that was acquired by Facebook for billions of dollars, making Koum a billionaire.
Larry Ellison: Larry Ellison grew up in a lower-middle-class neighborhood in Chicago, raised by his aunt and uncle after his father died when he was nine months old. He co-founded Oracle Corporation, one of the world’s leading enterprise software companies, and became one of the wealthiest individuals in the world.
John Paul DeJoria: John Paul DeJoria experienced homelessness and financial struggles early in his life. He went on to co-found Paul Mitchell Systems, a hair care company, and later founded the Patron Spirits Company, becoming a self-made billionaire.
Ralph Lauren: Ralph Lauren grew up in the Bronx, New York, in a working-class family. He started his career in fashion by selling ties, eventually launching his own brand, Polo Ralph Lauren, which became synonymous with luxury and style.
If you think having more money than 99% of the people that have ever existed on earth is not greed… not even god could save you.
You could give out 99% of that money and live a lavish life.
If greed is subjective then sins are subjective. Therefore not paying back your debts is subjective. There’s no objective meaning to anything, it seems.
So you’re saying that if you’re wealthy to an extreme, that not even giving to charity, helping the needy, will save you from the definition/title of being greedy?
Okay.
Yes- especially people like Bill Gates, who gives to charities he controls, so basically he’s still benefiting from the power his insane wealth brings, but gets to pretend he’s helping the world.
There’s thousands of people who need to have their salaries increased. Aren’t they the needy?
Pay the workers, ffs. Else, you’re greedy, yes.
This is not the argument you think it is.
Those who run charities are not the holiest humans either. A fraction of what is sent to charities goes to those they claim to help.
Hey, I agree. If I was a business man and I was making a cool $1M per year, whatever other profits I make beyond that would easily go to the company and its employees. $1M per year is a very healthy income to live on. However, I would not ever violate another person’s right to own whatever they own just because they have an excess of it. Because that too could happen to me. If they gained that excess by means of crime (breaking actual laws), that’s a different story.
And I also agree regarding charities… for example, I don’t give my money to the red cross. I’m at work so I don’t have access to my bookmarks, but there’s a site that lists all charities and what percentages of donations goes to the organization itself vs the people who need it.
The problem with having this much money is the power that it brings. A life of modesty brings you way closer to god than anything else. Billionaires are sometimes praised but poor who dare use tricks to gain wealth are called sinners and immoral people. We’re stuck playing a game with rules that are different for everyone.
Because that too could happen to me.
Temporarily embarrassed millionaire :/
The Baha’i Faith was told explicitly that the first step towards True World Peace is universal education for all. The second step is the abolition of extremes of poverty and wealth.
Greed will kill us all, if we don’t stop it.
That’s The Hidden Imam that said that.
You know what else rises to the top of liquid?
A turd.
Randy Savage?
Uh… my turds sink. Is there a problem with my diet?
Because your diet is normal… for anyone who has floating poop, more than likely a fat slob who eats chit tier food. And likely to have a health condition. I just happen to learn about poop a few months ago, since my daughter wanted to know about poop.
Normal turds slowly sink. If they sink like a stone, you are eating too much fiber, if they float you ate too much fat or have an irritated bowel.
If they float, it typically means the person is consuming too much fat in their diet. Not always but moat times.
Don’t floaters mean not enough fiber in diet?
Which fits perfectly to the metaphor
Stool’s ability to float is usually related to air. A high fiber diet and gas can cause stool to float. A diet high in fiber leads to increased bacterial fermentation during digestion. This produces more air, which can get trapped in stool, causing it to float.
Source: https://www.medicalnewstoday.com/articles/325274
This same source says that too much fat could also cause floating, but from a different article:
Some people think that floating poop is caused by fat, but it’s usually caused by gas. Research has indicated that once floating stools were degassed, they weighed the same as sinking poop. This indicates that gas was responsible for making floating stools float, rather than fat inside the poop.
Source: https://www.webmd.com/digestive-disorders/what-to-know-about-floating-stools
But, in general, not necessarily something to worry about.
I need to start shitting in moats again
What do you call fine paintings floating in a water-filled ditch? Mozart!
That’s close to being a joke.
To be fair, stones also usually sink but those red volcanic ones have so much air in them they will float in enough water. And how else would you describe most of these billionaires besides turds full of hot air?
It’s also not one or two billion, it’s multiple hundreds of billion owned by one person. I don’t think you can overstress the difference in scale between millions, hundred millions, billions, and hundred billions.
There used to be taxes assessed by total asset valuation that focused more on wealthy individuals because they don’t earn as much from income it’s mostly assets increasing in value like property or ownership shares, that was stopped when they introduced the income tax that mostly targets low and middle class people who almost exclusively earn by income.
Loopholes like offshore accounts used to dodge income taxes by higher earners should be illegal, but the whole system is backwards forcing the least prosperous to shoulder the largest tax burden instead of the wealthiest who benefit from society the most.
What’s stopping the wealthy from just up and leaving? They could liquidate their assets and invest in somewhere with tax laws more favourable to them.
The fact that you already confiscated them. Since we’re talking hypotheticals though, you could confiscate those assets at the border. Or set up international treaties with a look-back provision.
See, what I don’t like about this is that if you have the power to confiscate a billionaire’s possessions for no other reason that they’re a billionaire, then there’s absolutely nothing stopping you from turning that power against anyone you don’t like. And I’m not talking “you” as in you specifically, or anyone with a sense of morality and ethics, but “you” as in the inevitable exploitative scum that would at some point hold that power.
Now, if the confiscation is contingent on a billionaire commiting a crime then that’s another thing, but then the billionaire would actually have to commit a crime. And if you made tax law ironclad then sure, if they break the law then they should have their things confiscated in recompense. But that’s assuming that the trial wouldn’t be bogged down in court by a billionaire being able to throw money at the problem.
Every billionaire has committed wage theft. Wage theft is a crime.
you have the power to confiscate a billionaire’s possessions for no other reason that they’re a billionaire, then there’s absolutely nothing stopping you from turning that power against anyone you don’t like.
This is already how it is for poor people…
contingent on a billionaire commiting a crime
Weird how so many crimes are the things poor people do out of desperation rather than the things rich people do to coerce poor people to do the things poor people don’t want to do…
You seem to be under the assumptions that hoarding vast wealth to the point of extreme inequality is benign and not damaging to society & individuals living in that type of civilization, and that limiting extreme wealth inequality for billionaires means they’re coming for everyone next with no limits. These are some of the main ingredients in cooking an oligarchy soup.
Liquidate to who? Are those assets things they can take with them, or are they things like buildings that stay right where they are?
Anyone who would buy. Unless you’re sentimentally attached to something then I doubt you’d have a difficult time selling it. Billionaires own property as investment, not for use. Just sell it to another billionaire and buy property in a country more favourable to you. As for things like cars, collections, yachts, and other such mobile assets, just stick them on a container ship and unpack at your destination.
But then there has to be at least one billionaire who is staying right there, and can be taxed.
Yeah that sounds awesome let’s divide those 200 billions into 333 million people and let’s get a whooping one time only 600 USD extra for the month. Then let’s repeat it again.
It sure will last foreverrrrrrrrr
The money itself is not the only reason. Eliminating their undue influence is.
Foreverrrrrrrrr
First of all 200 billion is chump change compared to how much the wealthy have. Second, spreading money would do far more to stimulate the economy than wealthy people buying yachts, flying into space, and visiting the Titanic.
I am sure if you removed your mouth from the wealthy’s cocks for a moment you would realize how fucked up the situation is. But I know you will just suck it foreverrrrrrrrrrr hoping they will gild you into their club.
Stimulate the economy LMAO 🤣
Bro just admit you don’t know shit about how money works and leave it at that haha
Who do I vote for to make this happen?
Or is that French shortening device the only way at this point?Vote in favor of the union at your workplace
Same goes for a wealthy grifter. Take all his money away and he will steal more. Scum always rises to the top. No need to test that.
They would still have all the advantages of the business connections they made as a billionaire, and would still have a massive advantage over everyone else.
Run the experiment.
We would need to remove all the effects of the birth lottery as well
They would still have all the advantages of the business connections they made as a billionaire
Business connections to other people who also had their money stripped away.
I mean, we’ll never run the experiment because the folks in charge of the Laboratory of Democracy all sit on the boards of Microsoft, Boeing, and Berkshire Hathaway. But Bill Gates doesn’t benefit by hobnobbing with Warren Buffet when neither of them have any money.
Well, if you remove from ALL billionaires, they won’t be much different from me or my neighbor
Or would their connections who weren’t billionaires just exploit them so they could take the top spot?
Only one way to find out
Take the money away and the connections are worthless. They have business connection because of money.
I don’t think so. They know each other.
Rich people are not good at being friends, especially the one who are in charge of large businesses. They are good at exploiting others.
Do some of them have big brains/work ethic?
Not all the random massive family inheritance people obviously. Just imagine some folks worked really damn hard to earn an unethically yet unfortunately legally large amount of money.
Do some of them have big brains/work ethic?
Gates seems smart enough. If he lost all his money I am sure he is capable to saying being the store manager at. Walmart.
But many of their connections would be poor as well. Do you think people actually care what Elon or Bezos think? They’re not geniuses, they just have money. Compare them to Steve Jobs or Warren Buffett, who actually knew what they were doing.
No one seriously asks Bezos or Elon for advice because they were just lucky. Their companies succeed despite them, not because of them. Like the guy who started Uber (forgot his name). Nobody listens to them.
Compare them to Steve Jobs or Warren Buffett, who actually knew what they were doing.
Steve Jobs, the man who thought he could beat pancreatic cancer with a juice cleanse?
Well, being super smart in one field doesn’t necessarily mean you have common sense. You could be the greatest physicist in the world but still think lizard people control everything.
TBF Woz was the brains behind Apple. Jobs was just a good salesperson.
Jobs was good at getting the right people together.
So maybe Woz would get rich again? There have to be a few others…
I don’t think Woz would. He had the opportunity but realised he had more than enough to last his whole life, so noped out of there to play pinball and watch his children grow up.
He really is the smart one.
This goes along with a thing I like to say: Being rich doesn’t make one an asshole. It takes an asshole to become rich.
Woz really was the friend that Jobs didn’t deserve.
Except Elon is stupid in all fields.
He’s great at hustling though.
The guy who wanted to build fanless computers. Forcing designers to turn down the fans on laptops, having them cook but silent.
Yeah, that guy was a true genius. /s
He was great with words though.
The Apple Silicon machines are fucking awesome though, and most of them are fanless. Even the ones that do have them, you have to do some pretty special shit to make them turn on.
I hope the Linux world gets proper ARM machines some day too, but for the time being, the Apple machines are like a full generation ahead.
I mean, Jobs was long dead by the time Apple Silicon came along.
Tesla has literally an unrealistic valuation based on Elon fanboys
Steve Jobs was a grade A cunt with the rest of them. Don’t give him a pass for his high charisma score. Dude walked into Atari with no fucken shoes on back in the 70s trying to get a job. I used to work with a 72 year old dude who was a head repairman there working on the consoles. Its all confidence, smoke, and mirrors. Skills are secondary to spewing bullshit and making people feel excited.
If he wasn’t integral to Apple’s success, then why did they fail after he left, and then succeed after he returned? What innovative products has Tim Apple created? Air Pods? The Apple Watch?
Why do we have party faces in tabletops? Why focus our skillsets on salesmenship while others become engineers? He was a great ringleader, he could probably sell people a wet banana peel like it was life changing. Maybe the products themselves aren’t as stellar as Jobs made them out to be. Maybe a phone is just a phone and when Merlin isn’t there blowing smoke up your ass you can finally see that.
A fundamental misunderstanding of capitalism.
It’s actually just hungry hungry hippos. And hippos can eat smaller hippos
“I’m about to show you the white hot cream of an 8th grade boy”
Everybody poor.
I guess it only works for billionaires. Millionaires can’t do it: https://www.snopes.com/news/2024/04/29/millionaire-made-himself-homeless/
Well damn. I mean going to $5k a month from nothing isn’t bad (especially in the middle of a pandemic) but those health issues are sure to put a damper on your spirits.
Instead of laughing we should give him props for putting his money where is mouth was and hope that he at least managed to get his health back.
Once you’ve been rich, you get certain privileges that are difficult to remove from the equation entirely, like education, connections, and (at least generally speaking) health. You also get a lot of leeway by having a safety net to fall back on.
But honestly, all that aside, big props to him for at least giving it a shot.
If he did give away all of his money then by definition he did not have a safety net to fall back on, no?
Unless you mean being able to call on friends when in a bind. I must admit to not taking the time to watch all the videos, so I don’t know what rules he set himself for that, but I suppose it could also count, if it was allowed.
But I mean, proving that theory was entirely the point, wasn’t it? He didn’t try making his first million from nothing, he already made it once and tried to repeat it. Of course he’d have some sort of relevant experience to fall back on, and generally, almost everything you’ve done once is easier the second time around (unless you get thrown an unexpected curveball like he did).
almost everything you’ve done once is easier the second time around
And yet he still failed. He quit after 9 months, that’s 3/4 of the way to his deadline. 62k is not even 1/10th of the goal. I get close to that just going to work every day.
Easier != success is guaranteed
I’m the furthest thing from an expert on this whole situation, but the fact that he was able to “give up” being poor once he had a health problem implies to me that there definitely was a safety net.
Fair point I guess, although like everyone else ITT I haven’t watched the videos so we’re all just speculating here, aren’t we.
Also, earning five grand a month is not exactly what I’d consider “poor”. In fact, it’s just a grand shy of a median household income in the US.
I Haven’t read about him…
Did he admit defeat?
Did he admit that being born into poverty vs wealth and wellbeing provide vastly different opportunity?
Did he admit any use of said prior opportunity?
Did he admit his weak will when he couldn’t go another measly 3 months to accomplish this one simple trick to stop being poor?
Did he admit he couldn’t suffer through what millions do, what millions have to, what millions are forced to do, because of people with attitudes like him?
Did he admit he’s a clown?
There’s a bunch of videos in that article, so if you have the time to watch them, you’ll probably be able to answer most of these questions yourself.
It was pretty scammy. He got free food, free housing, and free product, which he then sold. Yeah anyone can be successful if they aren’t paying for shit.
Yeah anyone can be successful if they aren’t paying for shit.
Yeah no, that’s not true.
Well sure there’s always the idiots of the world.
Yeah anyone can be successful if they aren’t paying for shit.
You sure about that? Because there’s plenty of people living on welfare who never make it anywhere.
Tell me you know nothing about welfare without saying you know nothing about welfare.
I’ve met and worked with enough people on welfare to know they’re not innocent angels for the most part.
I never said they were, but if you really did work with people on welfare then you’d know they aren’t getting anything for free. After you qualify for welfare most forms are aggressively measured against the exact amount they think you need to stay housed and fed. And that amount is almost always less than what’s really required. So there’s no overage to take advantage of, no house you can rent and sublet, and selling furniture on Craigslist doesn’t count as being employed for the work requirement. Further you’re not getting a break for your medical problems. You can’t just pull the ripcord and go back to being a millionaire. You have to tough it out on your job after the hospital stabilized you and turfed you like they do to all Medicaid patients.
But no go on about their “character” and how they have to act like angels in the system currently crushing them beneath it’s bootheels.
Okay, look. Attacking their character was uncalled for and I apologize for that. I’ve met some fairly awful people who were on welfare but also some really good ones.
But the point is, you said “anyone can be successful if they aren’t paying for shit” and I gave you an example of people where that’s largely not the case. Doesn’t matter if that’s because of illness, disability, or character flaws, “anyone” means “anyone”. So shut up and just admit you were wrong.
Ha. Millionaires are like 1000x lamer than billionaires though!
And do what with it? Just, like, fund society and shit? how are we going to grow extra assholes doing that?
If that were to happen, my cream would rise to the top.
