Thread 150317388

Well, /co/?

It's not what you know it's who you know.

>>150317388 (OP)
intelligence doesnt correlate to wealth. nepotism and generational wealth do.

A third embarrassing post.

I'm very impulsive, bad with money, and even worse at making the necessary connections to succeed in business.

>>150317388 (OP)
I'm not smart

>>150317388 (OP)
Wait, if I'm smart and you're rich; who's flying the plane?

>>150317388 (OP)
Wealth has nothing to do with intelligence, it has to do with charisma. You need to be able to bullshit your way into wealth. You need to make "connections" aka get rich buddies who will give you a job at their company or give you good investment data or loans or whatever the fuck. Fuck, nowadays, even getting a NORMAL job requires you to bend over backwards to convince a bunch of HR women. You need charisma.

And sadly, as a diagnosed sperg, my charisma is zero. Normies can sniff out that shit like they're a fucking radar. You can say the most innocuous, normal thing ever and they'll start giggling and looking at you weird.

>>150317388 (OP)
>Poor as fuck nation.
>Puts the first man and satellite in space.
/co/ can't refute this.

>>150317388 (OP)
Smart people exist for business men to take credit from their hard work. That's how America was made

Money plane

>>150317388 (OP)
Too smart to care about money. What am I going to spend money on? I like to play video games. Time spent working for money is time I could be spending playing video games. Sure I could play more video games later with money, but later might not come, and I have video games now.

>>150317748
>poor
>had the third highest global population in 1950
>controlled 1/6 of the entire planet in 1950
>post war looting of half of all technology and wealth in europe
>only won the space race because von braun was autistic about testing rockets while the soviets did not give a single fuck about cosmonaut casualties
Sure.

>>150317388 (OP)
I am rich. I'm not richer because I was dumb and made some poor decisions that cost me a lot of potential money.

>>150317388 (OP)
All rich people want to be smart but not all smart people want to be rich

>realized years ago I could be using my artistic skills to make slop videos and make quick money
>value my soul too much and would rather use it to make things I actually like
I guess that just means I'm not smart.

>>150317434
Yes, but it's also what you know.

>>150318494
>All rich people want to be smart
Wish that were true. Some just want to live hedonistically without worrying about if they're smart or not.
>not all smart people want to be rich
True

>>150321162
All rich people want everyone to THINK they're smart. They don't actually care about being smart.

>>150317388 (OP)
Because I'm smart enough not to let riches fool me.

>>150321209
Yeah that's more accurate

>>150317388 (OP)
I'm sorry, Andrew Ryan, but the truth is I'm not smart.

>>150318185
Not to mention you'll be old and disinterested in life before you know it. Might as well enjoy yourself while you can, and before Visa and Mastercard censor the entire internet into oblivion.

I’m rich in spirit

>>150317388 (OP)
We’re living in a new gilded age where tons of people are living in denial and think such a thing as meritocracy exists when in truth most people inherit their wealth and those that don’t more often than not only got rich through exploitation, breaking laws, personal connections and getting personal loans that no bank would grant without backbreaking interest.

>>150317388 (OP)
I don't like taking advantage of people
it makes me feel bad

>>150322139
Meritocracy does exist for most, but it won't make you a billionaire. And for most, that means meritocracy doesn't exist. I know someone who went from nothing and is fast on their way to owning multiple McDonalds. They're loved by all of their bosses, score high on whatever tests they have to do, and they're quickly going from wagie to boss with a ton of money. Through merit.

Yet people will go "Yeah, but it won't make you super mega ultra wealthy, so meritocracy isn't real." I can't explain why, but that "all, or it doesn't matter" mentality makes me sad.

>>150322335
>Meritocracy exists… for the select few

Then it’s not really meritocracy that we are living in, is it. What you’re describing is an exception to the rule

>>150322335
>Yet people will go "Yeah, but it won't make you super mega ultra wealthy, so meritocracy isn't real." I can't explain why, but that "all, or it doesn't matter" mentality makes me sad.
Yeah, same. It's very possible to boost your status through hard work, and it's even within reach to build up millions over your lifetime that you can then pass on to your kids to give them a better starting point. At the very least you can easily give them a better financial situation than you had if you try.

You probably won't become a billionaire, but you can achieve a satisfying level of wealth and success in life through hard work and creating your own opportunities.

Mmmmmmmmmmmm!

>>150322335
You have something of a point, but humans are social animals. After you reach "pretty comfortable", somewhere in the low-to-mid hundreds of thousands USD yearly income, there's not really much more physical comfort or tangible benefit money can get you, in terms of immediate quality of life. The motive after that is money as a proxy for social status.

But the existence of billionaires means that the *social* status of being "rich" is now out of reach. A millionaire can't sit back and feel like they've "made it" when there exist public figures who have more money than entire nations. And they can't feel secure in what they DO have when someone could buy it all out from under them and not even feel the pinch. The "it doesn't matter" mentality IS sad, but it's not irrational; the point of being RICH rather than just well-off isn't having, it's having more than others.

>>150322527
Lamp oil seller, I need your strongest lamp oil.

>>150318253
>soviets did not give a single fuck about cosmonaut casualties
>>assuming america did

>>150322387
Its not the select few. Or do you think a McDonald's wagie is some kind of elite class? We could be talking about YOU right now, and the only steps are

1.) Get a job at McDonalds.

2.) Do good work.

3.) Work well enough that it looks like you can handle more important work.

And I think a secret fourth thing is "Don't be an anti social asshole", but I think that's a given for any job.

>>150317388 (OP)
I'm not willing to be rich only until Trump gets impeached, then jail time.

>>150317388 (OP)
Save 20% minimum from wage and dump it into ETFs for 10% - 30% yearly increase.

It's not thst hard. You can make good money but it requires focusing on gradual accumulation and persistence beyond wanting money here and now. It's not a case of intelligence to get rich, it's a case of self-control. Executive functioning. Put 1k in and you will get 100-300 back. Then the following year put another 1k in for 2100 - 2300 total and get back 210 - 690. By the end of the year after that you could potentially get short of 5k on the high end, but that's assuming you are only putting away something short of 100 dollars every month. If you earn more and put away more that can quickly become 10k instead 5k in years. Now apply that to 100k saved, you will be getting 10-30k back on the first year alone and that's without a job. It's simple math, but people don't like tieing up their cash into piles because they want to use it now for the latest toy or holiday or put it into banks for guranteed certainty.

>>150322712
>in 3 years*

>>150322625
>Bro, key to success is just to work really hard to Mickey D’s! That’s meritocracy!

Then meritocracy has a very low ceiling. Because it’s absurd to claim that if you just work hard enough you can own dozen restaurants. What if your boss is an asshole?
>Then get a new job
So in other words it isn’t just about hard work and merit, it’s about luck and chance that your boss won’t just exploit you and will reward you with a good promotion every time

>>150322712
Or you know, their car breaks down or there’s a medical emergency or they simply don’t make enough money to save every month. Most families can’t even even afford to support a family with kids despite both parents working because both need cars, have to pay for their kids’ needs, pay utilities and food, etc.

>>150322793
>Then meritocracy has a very low ceiling.
It does, in my experience. That's the whole point of this discussion.

>What if your boss is an asshole?
What if anyone's an asshole? what if you get shot flipping burgers? What if you don't get shot flipping burgers. What if? That's what's holding you back? What if it doesn't work out, therefore meritocracy isn't real?

>So in other words it isn’t just about hard work and merit, it’s about luck and chance that your boss won’t just exploit you and will reward you with a good promotion every time

Sure. If you're scared, pessimistic, don't want to work, earnestly held back by "Oh, what if it doesn't work? Guess I won't try and meritocracy isn't real."

Are you satisfied with your comment here? "Its not 100% guaranteed, so therefore meritocracy isn't real", but if it was 100% guaranteed, then meritocracy wouldn't be real either.

>>150322712
>dump it into ETFs
Which ones, and how are you supposed to know? Every time I've tried investing in anything - safe or risky, hold or sell - I've lost money.

>>150322869
It depends on your country, what index you use and your capital investment. A lot of ETFs don't have a real minimum capital investment cap but some do. Find out what your regional broker is and then go through and look at ETFs by their yearly returns. Your broker should also seperate them into high risk or low risk, but high risk ussually means an occuasional 10% drop after a 20% or 30% increase the year before. Because I am a bong I use Vanguard and they have an ETF list which you can sort by yearly return, risk, minimum investment ect ect. But look into brokers with low service rates as I only really consider Vanguard because I know they are convient. Generally global index based ETFs are stable enough as they have a wide net of stock but slow growth, but anything in telecomunication infrastructure seems to do well. Honestly you should just do your own research. I am currently looking at VOX as that has a 27% annual return on equity but Roblox is included into the fucking stock share and I know they will be plummeting in the near future. I would stay clear from /biz/ too, they are borderline schizophrenic.

>>150317388 (OP)
You're fucking stupid if you think I'm smart.

>>150317388 (OP)
I just need money for my dog, video games and my expensive cooking. I already make enough for all of that with my low-ish effort job. I don't have q big interest in that rich lifestyle. Also, I'm a dumbass.

>>150322819
It’s not real meritocracy if it can only exist in a very narrow way, under very specific circumstances and even then there is no guarantee that merit aline will actually get you anywhere.

>>150322335
>Yet people will go "Yeah, but it won't make you super mega ultra wealthy, so meritocracy isn't real."
I mean, that is true. To say "it's only meritocracy up until a point" is to concede that the entire scale isn't being judged by merit, so the system as a whole isn't a proper meritocracy.

>>150322712
haha yeah because we all make 20% more than we need to survive. good one. Not like landlords and insurance companies know exactly how much you make and raise their rent specifically to milk every last cent out of you, they'd never do that.

>>150323114
>It’s not real meritocracy if it can only exist in a very narrow way
The narrow way is working. Again, we circle back to "meritocracy can't exist unless there's a 0% chance I'll fail". What you want is nepotism, not meritocracy".

>>150323184
>I mean, that is true. To say "it's only meritocracy up until a point" is to concede that the entire scale isn't being judged by merit, so the system as a whole isn't a proper meritocracy.

My point is that it doesn't seem like people want meritocracy. It just seems they want to be rich. We can be pedantic and say "Yeah, well merit won't make me grow wings, so meritocracy isn't real!" in the same way people say freedom of thought isn't real, technically. I prefer to speak practically because we live in the practical world and not the technical one.

>>150317388 (OP)
pretty damn good question honestly.

that line has haunted me since i was 9 years old.

>>150323223
>rent
That's your first problem right there. If you are not knuckling down at your parents burden maxxing or doing a home loan for fixed payment rates you are going about it all wrong.

>>150323277
You're assuming your parents also own a house. If they're also in low income rental housing you're NOT ALLOWED to make more than a certain amount of money or they kick you out.

>>150323301
>If they're also in low income rental housing you're NOT ALLOWED to make more than a certain amount of money or they kick you out
Wtf? That's a thing?

>>150323225
>My point is that it doesn't seem like people want meritocracy. It just seems they want to be rich.
Absolutely ridiculous and frankly somewhat insulting. When people say they want a meritocracy and say that the super duper uber rich invalidate the system, they're not being jealous and want merit to carry them to super duper uber richdom; they're saying what they're saying: they want success according to merit, and thus those people shouldn't have super duper uber riches beyond their merit.

You can say that itself is a different kind of envy or sour grapes they shouldn't care about and should instead focus on their own personal goodwill, which there is further discussion to be had regarding, but to get that requires you ditching your preconceived notions and actually listening to people in a more honest fashion.

>>150323331
>Absolutely ridiculous and frankly somewhat insulting. When people say they want a meritocracy and say that the super duper uber rich invalidate the system, they're not being jealous and want merit to carry them to super duper uber richdom; they're saying what they're saying: they want success according to merit, and thus those people shouldn't have super duper uber riches beyond their merit.
Sorry. From what I've seen, people will outright ignore examples of meritocracy for one reason or another that boils down to "yeah, but I can't reach this arbitrary limit, so its not real."

I've already spoken to a few people in this thread that did this same thing, so if you want to call my opinion ridiculous and insulting, you first need to explain how the reality we've seen here doesn't count. And even then, I'm willing to believe the people you've spoken to are less childish in their ideas of meritocracy, but that hasn't been my experience.

My opinion upsets you so much, you should first look at the people validating it and think that, just maybe, its a reasonable opinion to have even if you disagree.

>>150322819
>"Its not 100% guaranteed, so therefore meritocracy isn't real", but if it was 100% guaranteed, then meritocracy wouldn't be real either.
>>150323225
>if it's guaranteed it's nepotism

Ah yes, the famous definition of a meritocracy: "a system where you aren't actually to expect to be rewarded based on merit, with the odds being so random that it's unthinkable for merit being rewarded to be remotely guaranteed"

>>150323366
>you should first look at the people validating it
I can look at the people that you think are validating it, and see that you are consistent in your misinterpretations and basing your opinions off of what's in your head, not what those anons are actually saying.

>>150323311
Low income housing has a certain income limits precisely because the goal is to offer housing for the poor, not to offer cheap rent to wealthy people who can easily afford normal market rates.

>>150323450
But wouldn't that discourage people from working anf saving to apply for a home loan to get out of those places? It seems counter intuitive.

>>150323458
If your income grows to a point where you can afford rent from the open market or you can get a home loan you’re supposed to move out and make room for other people in line who are worse off financially.

>>150317388 (OP)
Bad starting conditions.
I've started from abject poverty, and got to mid-upper middle class.

>>150323480
So if you live with your parents in a low income housing estate, can't you just bail out when you reach that point in saving money to move out via home loan and lock in interest rates? If so it does sound doable then, just tight

>>150323458
Benefits are not designed to help people meaningfully change their station. At best they help people barely survive enough to keep working and taking on debt. People also lose food stamps if they get a raise that puts them over the income threshold by even a dollar, even when the increase in income isn’t equivalent to the food stamps or rent increases by more than the raise, putting them directly in more hardship with no support. The way you assume things work isn’t how they actually work for people who have to struggle.

>>150323497
Nope they count income for the whole household AND they make you report any savings or valuable assets. You'd have to get a well paying job, save money, and move out all between reporting periods. And that's assuming they aren't monitoring your bank accounts in the meantime.

>>150317388 (OP)
I'm rich, BEYOTCH

>>150323497
If you’re old enough to file taxes you will cause your parents to lose the housing if you have too much saved. Middle class people can save and move like that, not poor people.

>>150317712
>it has to do with charisma.

Have you seen any footage of trump or Elon?

>>150323839
nta but Blumpf has charisma

>>150317388 (OP)
I like his tooth gap, makes him look distinguished

>>150317388 (OP)
We'll never have a good Riddler again because anyone smart enough to write a good Riddler is smart enough to spot the weasel words in the contract, so studios won't hire them.

>>150323767
You don't even get an extension to actually earn the money to start looking for better housing? Especially in a market where you need 200k minimum (more for coastfags) to even think about moving? That's just going to create a class of House Poor people who have to worry about losing their job every day for the next five to ten years.

>>150325626
>That's just going to create a class of House Poor people who have to worry about losing their job every day for the next five to ten years.

That's the point, yes. It's called neo feudalism.

>>150317388 (OP)
My dad wasn't rich, Tony.

What's your excuse?

>>150325626
You need a majority class of people who have to worry about losing their job every day in order to extract ever increasing profit from their time and hard work and prevent them from using it toward any deviation from that outcome, or else the rich lifestyle is over

>>150317388 (OP)
because I still have morals
If I didn't mind screwing people over, I would have retired by 30

>>150317388 (OP)
The Only smart riches are Tony Stark and Oswald Spencer from Resident evil, everyone else are a poser, also Trump and Mask.

Setting up a successful business is a lot of hard work and the willingness to take monetary risks, unless you're already rich. That's why I have huge respect for anyone who manages to get one running.

>>150317645
Thank god I'm the sheriff

I'M GETTIN' EXCITED!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>150317388 (OP)
>The right to be a God.

>>150323839
>Trump
You're right anon, the popular politician with a bunch of diehard fans has no charisma.
>Musk
Lefties literally loved him until he bought xitter. He appeared in Simpsons. Also, his parents were rich.

>>150317434
you should know how to network

>>150317388 (OP)
Because mexican: you'll never be white. ;) just like jews will always be sandniggers. ;)
If you're so smart then why didn't you assassinate the entire Rothschilds family and charm your way to convince the army to go to wars over paper and what politicians and generals told them to? ;)

Rich people will die from their own stupidity in less than 300 years as they turn every country into India with their obsession with replacing everyone with indians.

Meritocracy works in college entrances
Meritocracy works if you're not afraid of death
Meritocracy works if everyone believes and practices superior DNA
Meritocracy works if you convince everyone to not be afraid of death and cull the cancer cells from earth.
Meritocracy works when the aliens force world leaders to adapt or die with them on the front.

>>150326860
Nuh uh, the right to be a God is still matters.

>>150317388 (OP)
I'm lazy as fuck and I kinda stopped caring years ago. I have my computer, roof over my head, food. Just flatlined.