There's literally no excuse to be poor as an American

>>508843585 (OP)
Yes, but in America- capital, land, and infrastructure are organized to concentrate wealth through mechanisms like standardization, speculation, and displacement, all under the language of growth and development.
What's important to understand here is that the transfer isn't simply financial…
As marginalized communities are displaced or destabilized, there's also a transaction of psychological ease, and moral certainty. The satisfaction many elites feel isn’t incidental and it's produced through this process. It's not just about who gets rich, but who gets to feel secure and at home in the world
Everything is a commodity, everything is a market.

There's rich as in "I have 20 million and I'm worried I'll lose it all and be just like every other unsuccessful American." and there's "I have 300 million in generational wealth and never have to think about money or the financial burden my children will experience ever again in my life." Only a very select few people ever achieve the latter and they are who ultimately control the narrative a self made multi-millionaires collectively enforces.
The reason people are not wealthy is because the vast majority of people are comfortable with making "only" 100k a year, the enforcers of this system know this and work tirelessly to maintain this reality. Being poor is relative, but unlike in Europe "class" is based entirely on net worth without mixing moral integrity.

>>508843585 (OP)
I love this argument
>Stop being poor, just buy 5 houses and then you will be rich

Thanks

>>508844416
Yeah

>>508844416
lmao, exactly
boomer mentality

>>508843585 (OP)
>just be rich, bro

>>508843585 (OP)
They'll end up arrested for some kind of financial fraud at some point

>>508843585 (OP)
Rental Property #5 pays to keep us away from NIGGERS.

>>508843585 (OP)
You’d make more money putting it in the snp

>>508844554
Made me LOL. I wouldn't be surprised if you're right, assuming they're not just actors in an ad. They have at least 5 "properties" and their own house has a mortgage?

>>508843585 (OP)
>just have slaves work for your sorry lazy ass

>>508844416
spbp

Talked with my uncle today and he told me about the apartment he rented in Oslo back when he was studying and started working in the 80s. He could have bought it for 36kusd, his sallary was 300k brutto.
Today its 500k for the same apartment. Salary is perhaps 3x.
Kek
Same story with mum. Bought house for 40k working at a gas station. House is worth 450k today

>>508844846
30k salary*

>>508844416
>he doesn't have 5 extra houses

>>508844846
booms are rich for just existing. Dave ramsey pulls out a statistic all the time that most people become millionaires. Ya... because in a certain period in history you literally exist and get a job and buy a house and youd be rich.

>>508843585 (OP)
if not for TARP bailouts in 2008 and coivd bailouts in 2020 these guys would be living in the streets....and literally the last 10 people i have met have been airbnb entreprenuers

>>508843585 (OP)
>Rental Property #2 pays for our mortgage
Like all of them? Or just for their personal residence?

>>508843585 (OP)
I don't get how this works or maybe I'm just retarded. If I buy a property in my city the mortgage, property tax and other fees are way more than what I can charge for rent.

Are people just buying it and converting some of them mortgage after rental income and hoping to get a return in the future? It doesn't seem like it generates any monthly profit

>>508845074
>converting some of them mortgage
*covering some of the mortgage

>>508844846
I mean dude back then the population of norway was a million and a half lower with a young population and fewer oldfags to support. It is simply common knowledge that when you import people your housing will become more expensive and your wages will stagnate.

>>508843585 (OP)
These aren't real people. People with souls do not and cannot live a life of material possessions.

>>508843585 (OP)
>If you have money then you won't be poor
Based.

>>508844282
But consider this, o retarded communist kike subhuman:
If you have 20 million dollars and there is any possibility of losing it all in your lifetime or your kids' lifetime, that's a hard IQ gate, not muh capitalism

>>508845127
Ya
Luckily my mom has given me the generational farm she also owns kek so i will never need to pay interest which makes me a happy goy

>>508845074
That is what they do, and the more people that do it, the more it works, because it's a self sustaining property bubble where rents just consume more and more of wages. Then there is a massive deleveraging event and the government steps in to reinflate it.

>>508843585 (OP)
okay, but where do I get the money to buy 4 properties

>>508843585 (OP)
5 years from now:

>BTC 1 pays for my retirement
>BTC 2 pays for my mansion
>BTC 3 pays for my car collection
>and so on

>>508845743
That's not passive income, that's long term unrealized capital gains. Unless you're talking about selling off.

>>508845743
Should i buy btc now? I have 15k laying around
Burned myself on shitcoins 3-4 years ago. Lost like 7k. If i just bought btc i'd be up

>>508845899
>I have 15k laying around
You need at least 7x that to buy a bitcoin.

>>508845434
Not a communist, thanks
It's not that they will lose the money, but the fact remains they subconsciously enforce the idea they're not special in any way shape or form, had no advantages growing up as opposed to some minority living in the ghetto, and then use this as surefire reassurance that it's their obligation to kick down on those without simply because they themselves are still relatively so not all that rich.
You can blow through a million dollars in no time, homes, boats, planes, land, assets, divorce. You won't get there on expensive wine and meals alone, but it is entirely possible to drive your life into the ground.

>>508846231
So yes wealth is IQ gated. Like me, I'm high IQ but poor, with no connections or ambitions or plans to get rich.
Yet if someone dropped 20 million dollars after tax in my lazy part time working lap, I would probably die with 10 million in the bank and another 15 million in index funds.

>How do you get these properties and assets?

>Uhh have generational wealth and jewish parents

>>508845898
you can't expect bitcoin bros to know anything about finance. Hopefully he has more than 30 bitcoins so his fantasy can come true