>>62242141
It's too risky to build a business. It's better to work hard and keep your head down and have lots of children and teach them the same. Dame with owning a house. What if it burns down? Renting is safer and better.

thats because stocks went up 3% a year back in the old days.

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>>62242144
The real risk is not trying and being entirely dependent on a single employer for 40 years.

>>62242149
sp500 has averaged 10% annually since 1926

Every multi-millionaire under 45 that I know got rich from their tech stock options

>>62242149
under 65 doesn't imply old days

>>62242141
you're right but nobody here is smart enough to run a business so you're just reminding them that they're ngmi

Name one (1) business to start that isn't already being done that isn't also impossible spastic dream shit (Turn dirt to gold, etc).

>>62242232
yep. I work in construction so most of the millionaires under 45 I know work construction. If you worked in hotels, most of the millionaires you know would own hotels
>>62242310
>isn't already being done
Probably 99.999% of businesses making people rich have been done millions of times before and will be done millions of times more

>identify a new problem
is 4chan headcannon. Probably applies to designing software, but most young millionaires did things like
>paint houses
or
>buy storage units
or
>sell tacos

>>62242141
Reminder: 80% if businesses fail and less than 6% pass the $1 million revenue mark

how to make it by decade
1960s: make a grocery business
1970s: make a computer business
1980s: make a software business
1990s: make an internet business
2000s: make a finance app
2010s: make a shitcoin

notice the opportunities each decade became faker and gayer and less material, so that eventually you wont even need a business

>>62242141
its all about RSUs

work for a start up with RSUs

>>62242374
that's why the average millionaire has declared bankruptcy several times, and has owned several businesses that failed

almost nobody gets rich starting a business

almost everyone gets rich starting 5 businesses and watching 4 of them fail

What kind of business am I supposed to make, literally everything under the sun exists as it is right now.

>>62242393
something that already exists.
the 50th handyman in town is more likely to get rich than the first
the 10th liquor store is more likely to succeed than the previous 10

if you can't reason this out for yourself you're not smart enough to run a business though. OP ignores the fact that anyone smart enough to run a business is probably already doing it, and there's not much reason for them to be on /biz/

I made an indie game thats how I got my millions

>>62242376
construction was a sure way to make millions in every one of those decades. So was landlording. Business services, washing windows, and selling cars.

the general public is blind to how people get rich, and rich people aren't going to tell you. So you concentrate on the stuff you're aware of which is less than 1% of real businesses.

>>62242351
>yep. I work in construction so most of the millionaires under 45 I know work construction.
I dont work in tech, nor does my social circle mostly consist of techies

>>62242508
it was just one example of why anecdotal information may not match an entire data set.

it's actually the sort of thing most people are exposed to in high school, but /biz/ isn't really into knowing things I don't think

>>62242141
Nearly all self-made rich people under 65 built a stock portfolio, not a business though.

>>62242653
owning a business is by far the #1 method to early wealth

real estate is #2, but might overlap with business ownership

investing is a distant 3rd.
Investing is not a reliable way to get rich fast

inheritance is number 4.

>>62242351
Yeah. Finding a way to effectively provide a known solution is way more likely than trying to find a whole new solution, or even worse, trying to solve a whole new problem.

>>62242385
The startup has to keep growing and not collapse or stagnate, like 99% of startups

>>62242671
And even when someone is already successfully providing a solution, they may die or sell their business or suffer some setback leaving the market open to newer competitors.

who dominates any particular market is constantly changing, and people who get into the competition may eventually find themselves at the top. Not that you need to be at the top to get rich.
Often the prize for 2nd-36th place is also millions of dollars.

>>62242666
Whats your source? OP?

>>62242711
google

Also I've owned businesses for 30 years and managed businesses for 10 years before that.
I've seen a shitload of surveys and graphs on how people get rich.

>>62242711
OP is just copying something I said in another thread a couple days ago. What I said is true, but it's designed to piss /biz/ off

people here want to get rich with very little work and very little thought.

running a business IS how most young millionaires get there, but /biz/ isn't interested in that because it requires a shitload of work and a fair amount of brains. And even then you'll fail over and over before you figure it out.

>>62242711
in real life people don't usually say, "I want to be rich, I think I'll start a business."

what usually happens is some wagie realizes their boss sucks at business and goes out and starts their own company so they can do better.

then that former wagie gets rich. Then they get poor. Then they get rich again. Then poor again. After a few cycles of success and failure they'll probably eventually make enough money to sell out and stop working. Though lots of business owners never make it that far. Plenty of working rich people out there.

>>62242666
>early
65yo isn't "early" by any defintion, satan.

>>62242908
>under 65
>65 and older
which one of these is OP talking about

is 30 under 65?
is 20 under 65?
is 47 and a half under 65?

get back to me when you spot your mistake

>>62242908
I'll give you a hint

OP said "UNDER 65"

this covers anyone UNDER 65, and no people 65 or older.

>>62242908
You're at least the third "person" itt that failed to understand what "under 65" means

are you guys bots or ESL or what?

>>62242141
The odds of making it in business are worse than the stock market. Something like 95% of new businesses shut down within five years. Depending on location it is closer to 100% closure rate.

>>62242924
>nooo you don't understand she was only 64.999999999yo you filthy pedo

>>62242141
I don't disagree but I don't know how to do that. I have about 300k what should I take out a business loan for?

>>62243128
stock market you're pretty much guaranteed going to make it but it takes about 55 years

business you've got maybe a 1 in 3 chance of making it but it takes less than a year if you don't count the prior time learning and fucking up. A lot of businesses you can make it in a single day. I can make a million dollar sale in one day. But that's ignoring the years of experience it took me to learn that.

>>62243377
they don't give business loans to people who don't own an already successful business unless you happen to have a house you want to put up as collateral and then it's really just a mortgage, not a business loan

>>62243531
My tiki bar dreams are dashed

>>62242141
The problem is running your own business is really hard now thanks to regulations and shit.

>>62242163
it will average -10% until 2126. you dont know the hellscape that is coming

>>62242141
1. most people "under 65" didn't have trading on an app available. It required having a broker (i.e. already being rich as step 1 to investing)

2.That's untrue if you mean a million + by rich. It's a sum you can save up from a decent job with a useful degree. Most such people have a pr\ortfolio these days, which gets them over the million line.

3. The sentiment is entirely correct of course. But running a company and having time to shitpost on 4chan are largely incompatible. The portfolios here are a dream that you could free yourself without sacrificing 90% of your life and soul

>>62243727
>1. most people "under 65" didn't have trading on an app available

fourth retard itt to not understand what "under 65" means

in fact the people that never had a trading app are probably OVER 65

so seriously, can you guys just not read or are you bots or what?

>>62243727
and again, a 20 year old is under 65
a 3 year old is under 65

under 65 does NOT imply age 65 or older

>>62243727
The number of you "people" that think "under 65" means "65 or older" is actually disturbing

either this board is entirely retards or bots.

and I don't think bots are that dumb

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yeah, apparently AI knows what "under 65" means

I guess biz is just a bunch of fucking retards

>>62243758
>>62243767
>>62243777
>>62243795
The majority of people under 65 who are also millionaires are not in their 20s lol

Obviously under 65 includes young people. But the proportion of young people among billionaires and millionaires is very small. Hence my statement that the people who could have gotten rich through trading as opposed to trading after getting rich (i.e. the proportion of rich young people to the total) are very few (and of those only a subset could have gotten wealthy through statistically improbable success in trading).
I assumed this part needs no explanation to anyone with basic awareness of demographics.

>>62246174
I see

you're assuming the premise of the thread is false.

also you seem to be confusing trading (a business), with investing

I'm not going to argue with you about how many young people become millionaires, anyone that wants to can google the stats.
it's odd that you deny facts on the subject though, since you're on a board for young people that want to become millionaires quickly.

but I suppose if you don't even know the difference between trading and investing there's no point in talking to you.

>>62242376
how to really make it
>grow up upper class
>"get lucky"
>i.e fail over and over until it works

>>62246962
close

children of business owners are way more likely to start a business themselves. Usually because they grew up knowing that it made their parents wealthy and gave them tons of free time.

children of wagies are extremely unlikely to start a business because they falsely thing it's too risky, expensive, or time-consuming.

the wealth factor probably doesn't matter or is incidental to the fact that wagies are generally broke while business owners tend to be wealthy.

>>62242435
what a dork lel

>>62246945
2.5% of Americans have 1m

>>62247138
yes, if you take away houses

and if you take away houses and retirement accounts you'll find almost every single millionaire left is a business owner.

>>62247167
Or a high income professional.

>>62246962
>i.e fail over and over until it works
Don't say this with cynicism. That's how you maximize your chances of hitting it big, by throwing the dice more times.

>>62247173
>Or a high income professional.
that's usually the same thing

high income professions tend to be so high because they're normally independent businesses.

>>62242908
>hit $1,000,000.00 and 0/100 net worth at age 79
>die and go to nigger hell

>>62247220
that's the point of the statement in OP

if you want to get rich before you're old there's only one reliable method to do that, and it isn't investing.

>>62246945
stock trading (i.e. the process of acquiring and liquidating investments) is not a business (unless you're talking about a brokerage or investment fund which the word stock trading does not imply) and on a stock trading board largely synonymous with investment especially in the context I used it. You're just nitpicking words here.

>you're assuming the premise is false
No.
The premise is that most people under 65 became wealthy through a business not through stock trading.
I did not question that premise, but argued that with a sample size of millionaires under 65 (mostly rich boomers with a smaller amount of young people), for the majority of them, getting rich through an investment portfolio was not an option in the first place, as until tools like Robinhood, it was not accessible to the general public. Therefore the question of whether a business or stock trading is a better strategy is irrelevant unless you adjust the age cutoff way down

>you're on a board of young people that want to become millionaires quickly.

That is quite literally a rephrasing of the third point on my original comment. We went full circle here. Yes, this is a board for stock gambling, based on the theoretical possibility to become wealthy through it in recent years. Hence why an argument about how boomers without that option made their money doesn't have much standing.

>>62247425
it doesn't really matter if you or I think trading is a business or not

all that matters is if surveys of wealth and business ownership are counting trading as a business

I assume since the IRS counts trading as a business but does NOT count investing as a business, it's probably being counted the same way in surveys.

The difference being the IRS allows traders to deduct business expenses while investors generally can't. Because they consider trading a business and trading is taxed at a much higher rate than investing.

this is important because if the polls are counting trading as a business, and you're saying people get rich off trading, you are not disagreeing with the poll.

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>>62242141
The only way to make money is gambling on tech stocks

>>62247138
99.9% of bizraelis are millionaires

>>62242141
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