What's the object-oriented way to become wealthy?
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I know it's a joke, but I just wanna say... the vast, vast majority of millionaires are self made.
Jeremy Falcon
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I don't have a report off the top of my head, because only people without experience carry around facts all day long IMO. If we're being honest, most people just Google crap and pretend to be experts. But, unlike those that have zero experience in the field I've spent decades studying millionaires either in real life, in books, or online. I also know a couple in real life, including some in my close family (as in plural). Also, one of my brother's buddies growing up became one through a lawsuit. So, I've also seen firsthand just how full of it and dishonest some people are when it comes to money (not him for the lawsuit, from people around him). For instance, I watched how my mother changed in how she treated said dude once he became wealthy. I've also spent time in Beverly Hills studying people, so I know exactly what the trust fund babies act like. Doesn't take a genius to figure out who earned it. But do you think most people will go to where the rich are to study them? No, most people online are just fake, thus my lack of inclination to entertain nonsense these days. It's always the same old crap that's rooted in jealousy and hate (not you man, the other post). There's always gonna be some dude who hasn't even left his house pretending to be an expert online because some stupid news story told them what to think. While I'm not ultra wealthy myself (yet) I've made more than most people in my field that I've met, given the fact I have no college degree and not working for a FAANG company. And that was 100% proportionate to how much effort I've put into my education and ability to do my job and invest. So, given the fact the personal experience is anecdotal, I don't solely rely on my experience alone for that stat. It could've been a book I read a decade ago. But, it did sick with me. It might've been [The Millionaire Next Door](https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474). I'd have to read it again to be certain; it's been a long time since I've read it. Good book, though. Anyway, it's common knowledge amongst the wealthy; only the poor think it was magic to justify the fact they'd rather play video games, etc. If you need an online source, even Forbes (which is usually wrong IMO :laugh:) agrees: [10 Habits Of Self-Made Millionaires](https://www.forbes.com/sites/jackkelly/2023/12/15/10-habits-of-self-made-millionaires/). You'll have to read it as the title alone doesn't elude to the point. Also, if you need another online source, peeps like Dave Ramsey would agre
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I don't have a report off the top of my head, because only people without experience carry around facts all day long IMO. If we're being honest, most people just Google crap and pretend to be experts. But, unlike those that have zero experience in the field I've spent decades studying millionaires either in real life, in books, or online. I also know a couple in real life, including some in my close family (as in plural). Also, one of my brother's buddies growing up became one through a lawsuit. So, I've also seen firsthand just how full of it and dishonest some people are when it comes to money (not him for the lawsuit, from people around him). For instance, I watched how my mother changed in how she treated said dude once he became wealthy. I've also spent time in Beverly Hills studying people, so I know exactly what the trust fund babies act like. Doesn't take a genius to figure out who earned it. But do you think most people will go to where the rich are to study them? No, most people online are just fake, thus my lack of inclination to entertain nonsense these days. It's always the same old crap that's rooted in jealousy and hate (not you man, the other post). There's always gonna be some dude who hasn't even left his house pretending to be an expert online because some stupid news story told them what to think. While I'm not ultra wealthy myself (yet) I've made more than most people in my field that I've met, given the fact I have no college degree and not working for a FAANG company. And that was 100% proportionate to how much effort I've put into my education and ability to do my job and invest. So, given the fact the personal experience is anecdotal, I don't solely rely on my experience alone for that stat. It could've been a book I read a decade ago. But, it did sick with me. It might've been [The Millionaire Next Door](https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474). I'd have to read it again to be certain; it's been a long time since I've read it. Good book, though. Anyway, it's common knowledge amongst the wealthy; only the poor think it was magic to justify the fact they'd rather play video games, etc. If you need an online source, even Forbes (which is usually wrong IMO :laugh:) agrees: [10 Habits Of Self-Made Millionaires](https://www.forbes.com/sites/jackkelly/2023/12/15/10-habits-of-self-made-millionaires/). You'll have to read it as the title alone doesn't elude to the point. Also, if you need another online source, peeps like Dave Ramsey would agre
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Lol, that much text, just to tell 'I can't prove it'. Please do not take it as offense, but what you write it's simply what you denounce. Now let us forget it ;)
You clearly didn't read the link man. Don't ruin a good thing by proving to me you're just like the rest of them. :( I gave you THREE citations. THREE. And if we're going to play this game, you can't prove I'm wrong. Do better.
Jeremy Falcon
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Lol, that much text, just to tell 'I can't prove it'. Please do not take it as offense, but what you write it's simply what you denounce. Now let us forget it ;)
How many millionaires have you personally talked to and learned from by the way? One... None? I bet it was none. But that won't stop you from acting like this online. I just gave you very high quality information and you wrote it off. It's a waste of my time, clearly.
Jeremy Falcon
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How many millionaires have you personally talked to and learned from by the way? One... None? I bet it was none. But that won't stop you from acting like this online. I just gave you very high quality information and you wrote it off. It's a waste of my time, clearly.
Jeremy Falcon
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I don't have a report off the top of my head, because only people without experience carry around facts all day long IMO. If we're being honest, most people just Google crap and pretend to be experts. But, unlike those that have zero experience in the field I've spent decades studying millionaires either in real life, in books, or online. I also know a couple in real life, including some in my close family (as in plural). Also, one of my brother's buddies growing up became one through a lawsuit. So, I've also seen firsthand just how full of it and dishonest some people are when it comes to money (not him for the lawsuit, from people around him). For instance, I watched how my mother changed in how she treated said dude once he became wealthy. I've also spent time in Beverly Hills studying people, so I know exactly what the trust fund babies act like. Doesn't take a genius to figure out who earned it. But do you think most people will go to where the rich are to study them? No, most people online are just fake, thus my lack of inclination to entertain nonsense these days. It's always the same old crap that's rooted in jealousy and hate (not you man, the other post). There's always gonna be some dude who hasn't even left his house pretending to be an expert online because some stupid news story told them what to think. While I'm not ultra wealthy myself (yet) I've made more than most people in my field that I've met, given the fact I have no college degree and not working for a FAANG company. And that was 100% proportionate to how much effort I've put into my education and ability to do my job and invest. So, given the fact the personal experience is anecdotal, I don't solely rely on my experience alone for that stat. It could've been a book I read a decade ago. But, it did sick with me. It might've been [The Millionaire Next Door](https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474). I'd have to read it again to be certain; it's been a long time since I've read it. Good book, though. Anyway, it's common knowledge amongst the wealthy; only the poor think it was magic to justify the fact they'd rather play video games, etc. If you need an online source, even Forbes (which is usually wrong IMO :laugh:) agrees: [10 Habits Of Self-Made Millionaires](https://www.forbes.com/sites/jackkelly/2023/12/15/10-habits-of-self-made-millionaires/). You'll have to read it as the title alone doesn't elude to the point. Also, if you need another online source, peeps like Dave Ramsey would agre
Jeremy Falcon wrote:
For instance, I watched how my mother changed in how she treated said dude once he became wealthy.
And it doesn't need a big (a.k.a. rich) amount of money to see that. :sigh: :doh:
Jeremy Falcon wrote:
I've lost 60K in crypto listening to broke arse clowns who are fake and pretended to be experts though.
Down 18k€ partially due to listen who I didn't have to. Not everything lost yet, because I didn't sell, companies still exist, but by all means a good teacher.
Jeremy Falcon wrote:
Including running a meetup group about Forex while I lived in California
Forex is only playing with exchange currencies of different lands? Or does it include more? (Just curious, I know I could google but I want to hear it with you instead of a out-of-the-box tipified answer)
M.D.V. ;) If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about? Help me to understand what I'm saying, and I'll explain it better to you Rating helpful answers is nice, but saying thanks can be even nicer.
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Jeremy Falcon wrote:
For instance, I watched how my mother changed in how she treated said dude once he became wealthy.
And it doesn't need a big (a.k.a. rich) amount of money to see that. :sigh: :doh:
Jeremy Falcon wrote:
I've lost 60K in crypto listening to broke arse clowns who are fake and pretended to be experts though.
Down 18k€ partially due to listen who I didn't have to. Not everything lost yet, because I didn't sell, companies still exist, but by all means a good teacher.
Jeremy Falcon wrote:
Including running a meetup group about Forex while I lived in California
Forex is only playing with exchange currencies of different lands? Or does it include more? (Just curious, I know I could google but I want to hear it with you instead of a out-of-the-box tipified answer)
M.D.V. ;) If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about? Help me to understand what I'm saying, and I'll explain it better to you Rating helpful answers is nice, but saying thanks can be even nicer.
Nelek wrote:
And it doesn't need a big (a.k.a. rich) amount of money to see that.
Amen to that.
Nelek wrote:
Down 18k€ partially due to listen who I didn't have to. Not everything lost yet, because I didn't sell, companies still exist, but by all means a good teacher.
Funny thing is man, crypto is following the same exact bust boom cycle the web did in the early 2000s and late 90s. It's a tech that isn't going anywhere; it does need to be priced accurately. It's the tulip craze all over again. And, the bust cycle will weed out the losers/phonies in the market. Which is a good thing because it'll never be taken seriously until the phonies are gone. The lesson I had to learn the hard way is, the "less intelligent" the person they more sure they are of something they know little about. They can be very convincing, even if you know better. So, at least you're not alone. :laugh: :laugh:
Nelek wrote:
Forex is only playing with exchange currencies of different lands? Or does it include more? (Just curious, I know I could google but I want to hear it with you instead of a out-of-the-box tipified answer)
This is why I like you man, you're smart. Short answer is yes. Since the likelihood of using using a one-world currency any time soon is zilch, it's an important market for the global economy to help us price imports, exports, travel, etc. Any time you go to a currency exchange shop when visiting another country, they're tapping into the Forex market. Of course as with any markets you also have derivatives, such as a futures market as well. But, there's a lot "less" to it than the stock market. For instance, there's no concept of options in Forex. There's interest that can be paid out, but you don't really get dividends, perks from holding stock, etc. But, it's by far the most liquid market on the planet, for reasons I can elaborate on if you really want. Slippage is not an issue in the Forex spot market. Shorting is no big deal because it's cash and easy to borrow against. Which IMO makes it great for trading. For investing, that's a different story though. The money supply value is essentially the value of a country's economy all rolled up into one. So, kinda like the S&P in that regards but on steroids and fluctuations in it are usually less severe for the popular currencies. Personally, I love it, but it's the wild west compared to m
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Jeremy Falcon wrote:
For instance, I watched how my mother changed in how she treated said dude once he became wealthy.
And it doesn't need a big (a.k.a. rich) amount of money to see that. :sigh: :doh:
Jeremy Falcon wrote:
I've lost 60K in crypto listening to broke arse clowns who are fake and pretended to be experts though.
Down 18k€ partially due to listen who I didn't have to. Not everything lost yet, because I didn't sell, companies still exist, but by all means a good teacher.
Jeremy Falcon wrote:
Including running a meetup group about Forex while I lived in California
Forex is only playing with exchange currencies of different lands? Or does it include more? (Just curious, I know I could google but I want to hear it with you instead of a out-of-the-box tipified answer)
M.D.V. ;) If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about? Help me to understand what I'm saying, and I'll explain it better to you Rating helpful answers is nice, but saying thanks can be even nicer.
Side note, not sure if you ever read about the [Tulip market bubble](https://www.investopedia.com/terms/d/dutch\_tulip\_bulb\_market\_bubble.asp) in the 16th-17th century. But it's great story to read up on. This whole concept of freaking out over stupid crap thinking you'll print money has been around forever. Nothing new.
Jeremy Falcon
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I know it's a joke, but I just wanna say... the vast, vast majority of millionaires are self made.
Jeremy Falcon
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Funny you didn’t mention Bill Gates or Jeff Bezos. It’s always the same old story with people like you, never have anything nice to say. Quick to insult. And apparently hate anyone with money. I could list some of the great things Musk did, for instance. But, I’d bet you’d still hate him because of your programming. And I have zero delusions. This is the part where you disagree… because that’s all people do online. Also, a billionaire and a millionaire are not the same thing. You took this post and perverted it into something bad. Shame on you.
Jeremy Falcon
I haven't followed Gates, but Bezos deserves all the scorn that can be heaped on him for his continual lawsuits against NASA and SpaceX. And no, I'm not a Musk fan, but Blue Origin has yet to deliver any orbital systems and SpaceX has not one, but two orbital class rocket systems now. Every time BO has lost a NASA contract they've filed a lawsuit against NASA over their losing the contract to SpaceX.
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I know it's a joke, but I just wanna say... the vast, vast majority of millionaires are self made.
Jeremy Falcon
Here are six sources that study the effects of luck on success, showing that often becoming rich is a matter of being in the right place at the right time. Not everyone can 'be in the right place at the right time,' because our society is oriented around making money for the few from the many. "The Role of Luck in Success" by Richard Wiseman: In his book The Luck Factor, Wiseman examines how luck and chance play into people’s success and happiness. He presents evidence suggesting that while some people actively create their own luck, a significant portion of success is influenced by being in the right place at the right time. "The Matthew Effect: How Advantage Begets Advantage": Sociologist Robert K. Merton coined the term “Matthew Effect” to describe how initial advantages lead to further success. His work, including papers like “The Matthew Effect in Science,” explores how early success can accumulate and lead to greater opportunities. "Success and Luck: Good Fortune and the Myth of Meritocracy" by Robert H. Frank: In this book, economist Robert Frank discusses how luck and timing contribute to success and challenges the idea that meritocracy alone explains wealth and success. He uses empirical evidence to argue that a significant portion of success can be attributed to factors beyond individual control. "The Impact of Market Timing on the Success of Mutual Funds": Various studies in finance explore how market timing can impact investment returns. For example, research by Eugene Fama and Kenneth French on mutual fund performance often highlights how timing and market conditions can play crucial roles in investment success. "Entrepreneurship and Luck: Evidence from a Field Experiment" by Erik Hurst and Matthew J. Notowidigdo: This paper investigates how luck plays a role in entrepreneurial success. The authors find that entrepreneurial success can often be significantly influenced by random factors and timing, beyond the entrepreneur’s skills and efforts. "The Role of Timing in Business Success": Various studies on startups and business ventures show that entering the market at the right time can be a critical factor in a company’s success. For example, research published in journals like Strategic Management Journal often examines how market conditions and timing influence business outcomes.
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Here are six sources that study the effects of luck on success, showing that often becoming rich is a matter of being in the right place at the right time. Not everyone can 'be in the right place at the right time,' because our society is oriented around making money for the few from the many. "The Role of Luck in Success" by Richard Wiseman: In his book The Luck Factor, Wiseman examines how luck and chance play into people’s success and happiness. He presents evidence suggesting that while some people actively create their own luck, a significant portion of success is influenced by being in the right place at the right time. "The Matthew Effect: How Advantage Begets Advantage": Sociologist Robert K. Merton coined the term “Matthew Effect” to describe how initial advantages lead to further success. His work, including papers like “The Matthew Effect in Science,” explores how early success can accumulate and lead to greater opportunities. "Success and Luck: Good Fortune and the Myth of Meritocracy" by Robert H. Frank: In this book, economist Robert Frank discusses how luck and timing contribute to success and challenges the idea that meritocracy alone explains wealth and success. He uses empirical evidence to argue that a significant portion of success can be attributed to factors beyond individual control. "The Impact of Market Timing on the Success of Mutual Funds": Various studies in finance explore how market timing can impact investment returns. For example, research by Eugene Fama and Kenneth French on mutual fund performance often highlights how timing and market conditions can play crucial roles in investment success. "Entrepreneurship and Luck: Evidence from a Field Experiment" by Erik Hurst and Matthew J. Notowidigdo: This paper investigates how luck plays a role in entrepreneurial success. The authors find that entrepreneurial success can often be significantly influenced by random factors and timing, beyond the entrepreneur’s skills and efforts. "The Role of Timing in Business Success": Various studies on startups and business ventures show that entering the market at the right time can be a critical factor in a company’s success. For example, research published in journals like Strategic Management Journal often examines how market conditions and timing influence business outcomes.
David I'm not sure you're able to have a rational conversation with me. I don't buy this premise, but for the sake of argument let's say it's correct (not really). The original comment was most millionaires are self made rather than have it be inherited. That has nothing to do with luck upon making said money. Now, since you clearly just want to disagree with me, I'll simply say winners make their own luck. Losers complain. You can say there's luck in not being born in a tiny village in Africa, but if you live in the western world the knowledge is out there. Argue with that. But I will say this, if you know zero millionaires your opinion means nothing to me.
Jeremy Falcon
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I haven't followed Gates, but Bezos deserves all the scorn that can be heaped on him for his continual lawsuits against NASA and SpaceX. And no, I'm not a Musk fan, but Blue Origin has yet to deliver any orbital systems and SpaceX has not one, but two orbital class rocket systems now. Every time BO has lost a NASA contract they've filed a lawsuit against NASA over their losing the contract to SpaceX.
Thanks for bringing some intelligence to this chat. I'm actually a fan of Musk and welcome any criticism as long as it's not politically charged, biased, etc. Nobody is perfect. I simply wish people wouldn't hate based on what TV tells them to hate when it's the thing to do. I upvoted you btw, because at least you're talking like you paid attention.
Jeremy Falcon
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So, it's clear you don't take the time to read all my posts before responding. To put this bluntly David, I know exactly who you are. I'm not convinced you have the first clue who I am.
Jeremy Falcon
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Oh, and since you won't be bothered to read... 1) I said millionaires. Not billionaires. I mentioned they are not the same thing. You gave 4 examples but 1,000s of every day millionaires made their own way. 2) Don't you dare discredit the work they did simply because they came from a good environment. You make it sound like it's so easy to do it. If that's case... go do it yourself. You won't. You can't. You'll just complain. But, let me share with you a truth... it doesn't matter how much money you have, if you have a good idea and vision AND the ability to execute it... the money will find you. Of course, you wouldn't know this in all your jealousy.
Jeremy Falcon
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So, it's clear you don't take the time to read all my posts before responding. To put this bluntly David, I know exactly who you are. I'm not convinced you have the first clue who I am.
Jeremy Falcon
Jeremy Falcon wrote:
you have the first clue who I am.
From your replies, you are someone who likes looking down on other people. You have no clue how much of your stuff I've read.
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David I'm not sure you're able to have a rational conversation with me. I don't buy this premise, but for the sake of argument let's say it's correct (not really). The original comment was most millionaires are self made rather than have it be inherited. That has nothing to do with luck upon making said money. Now, since you clearly just want to disagree with me, I'll simply say winners make their own luck. Losers complain. You can say there's luck in not being born in a tiny village in Africa, but if you live in the western world the knowledge is out there. Argue with that. But I will say this, if you know zero millionaires your opinion means nothing to me.
Jeremy Falcon
Jeremy Falcon wrote:
your opinion means nothing to me.
That's quite obvious, even if I do know any millionaires. You don't want to consider anything outside of what you've already convinced yourself of.
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Jeremy Falcon wrote:
your opinion means nothing to me.
That's quite obvious, even if I do know any millionaires. You don't want to consider anything outside of what you've already convinced yourself of.
Our Forgotten Astronomy | Object Oriented Programming with C++ | Wordle solver
You don't. I know. Good bye.
Jeremy Falcon
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Oh, and since you won't be bothered to read... 1) I said millionaires. Not billionaires. I mentioned they are not the same thing. You gave 4 examples but 1,000s of every day millionaires made their own way. 2) Don't you dare discredit the work they did simply because they came from a good environment. You make it sound like it's so easy to do it. If that's case... go do it yourself. You won't. You can't. You'll just complain. But, let me share with you a truth... it doesn't matter how much money you have, if you have a good idea and vision AND the ability to execute it... the money will find you. Of course, you wouldn't know this in all your jealousy.
Jeremy Falcon
Jeremy Falcon wrote:
you wouldn't know this in all your jealousy
What an 'effin troll.
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