We all laugh and troll and don't give good answers because we work so hard and many still aren't rich, so it makes the people here feel better when they say "Ha! It's not that easy".
If you act with purpose, attack each day, do not waste time going down useless paths, and apply yourself, you can become rich very quickly.
If you are young, do not come from wealth, do not have any starting capital, and you want to become rich while you're still young (without being a thief, a rapper, or a sports professional), you have a limited options. Let's go over the paths to avoid first.
1. You cannot get there with a job. All jobs are not worth it. Once there is a job that is "worth it", it will go away and be filled by someone else who will do it for less. Or, it is a job that requires too much experience, very niche skills, or it just sucks to do. Nobody ever gets paid enough. So you must avoid a job if you want to be rich young.
2. Do notInvest gamble. Investing Gambling is anything where you put money in something and hope someone pays you more for it later. Do not buy stocks, options, real estate, crypto, NFT's, memecoins, any trading in general, beanie babies, or putting your money on black. You have to turn nothing into a lot, you can't get there from a percentage increase. You could 10x your money and still be poor.
The path you must go down is the path of a business owner. You need cold, hard, motherfuckin' cash in your hands ASAP as possible.
So what business?
You must avoid the retard graveyard. It's funnier because it rhymes.
The retard graveyard is filled with people who started stupid businesses because they were sold a course on it and nobody really needs it but they get into it because someone with a financed sports car told them they could be rich too.
These are going to be businesses that are tempting because they seem easy on the surface.
1. Dropshipping. "Hey man just buy some thingamajigs from alibaba and keep it in a warehouse and sell it on amazon for 3x as much and you'll make 100k a month dawg." Everyone does this. Everyone is really good at it now. Everyone has undercut everyone else on amazon and now there are no margins, but at least consumers get really good prices and get things delivered in one day.
2. Social Media Marketing Agency. "Hey man just tell business owners that social media is super important and offer to run their instagram accounts for them for $500 a month or more, and get 100 clients and now you make bank!". Everyone does this too. Have fun sending 500 thousand emails and calling 10 thousand businesses just to get told to F*ck off 99.999% of the time because nobody wants this, while there's a billion people offering it.
3. Pyramid Schemes. If it's under a company and there's any recruiting you must do in any way, it is bullshit.
What businesses SHOULD you do?
I could give you an answer of some that work, but if I do that, there are an unlimited number of examples that are outside of those restrictions that work just as well or even better. It's like telling you what kind of painting to paint. Business is art. If I say you should paint landscapes and here's how to paint one, I have eliminated sculpting, and any other art form. I have eliminated painting portraits. I have eliminated all other types of painting depending on the style I tell you to paint in.
I could tell you how to run a simple lawn maintenance company. That's what I do. You run ads and get customers for home services. You do the work a little bit and then make adjustments and then hire workers and you grow it. You can have office workers and field workers and you do nothing but manage and you can make 10k a month, 100k a month, a million a month, there's no rules, just scale.
I have a friend who makes headstones. People want a headstone, they pick a design, it costs $2-3 thousand bucks. He gets a rock from India for $100 that's already in the shape and all polished. He sandblasts a design and lettering on it and takes it to the cemetery and installs it and gets paid. He makes tons of money.
I have a friend who is a dealer for an expensive Lidar scanning equipment company. They cost $40,000. He gets a percentage from that like 20% or something. He sells them to architecture firms, construction companies, and other types of companies that need to buy it. He just flys around and demos it, makes content online about it so people buy it from him. He has a centurion card in his 20's. I'm pretty sure he's got whatever status level there is where they would let him jerk off in the Amex lounge if he wanted to.
Here's some rules of thumb.
If you "build up" business slowly through personal relationships and word of mouth, expect to not get rich young. You need a type of business that grows from ads typically. If you rely on being "the guy" for whatever you sell, it will take SO DAMN LONG to become well known.
If you sell cheap things, you need to do it A LOT. Sometimes it's better to sell expensive things. I mean really expensive things. Like get a single contract to service something that's worth $500k or more, as an example. Think big. Big either in scale or in price.
Services have good margins, low initial capital, and can print more money quickly but are more annoying to scale. Products have worse margins, higher initial capital, and take more time. You're broke and in a hurry, I'd shoot for services.
Avoid things that need a special license, a special qualification, regulation from the government, or anything that handcuffs you. Avoid things where you "submit bids" since many times that becomes a race to the bottom and commodifies your offer.
I'll give an example of avoiding commodification. A hospital calls my lawn care company and is getting bids for lawn care service. They give us a document outlining their requirements and expect us to line up and give a price and they compare it to 5 other companies and go with the cheapest. That's bullshit. Commodity. On the other hand, Alex Hormozi makes a video and says "Are you struggling to grow your business? Come to our workshop and we will train you for two days, I will personally answer questions, and it will change your life and the average business owner improves their business by $100,000 within the first year after coming here, it's only $5,000". You signup, they fill a room with 100 people who all paid $5000. They do this for two days. They have one every week. That's $2 Million dollars a month. At each workshop at the end they upsell you to a higher level where you can work directly with a team and get your company ready to be acquired by their private equity firm, and take your business to the next level, which costs $35,000 and 30 people sign up to it each time. That generates a million each week so an extra $4 Million each month. $6 Million a month total, with basically very, very little costs. That's the opposite of a commodity. That's business heaven.
You want to be in business heaven, not selling a commodity.
Always be pushing your business towards the following directions.
1. Sell things people continue to pay for or buy again, not just once. Recurring or reoccuring = good.
2. Sell where price is based off of what it helps them do, not based off of "just a little more than it costs you". Advice could cost $100,000 and only take 5 minutes to give to someone and they could thank you for helping them. That's not a scam. But if you buy a pack of playing cards for $1 and sell it for $10, people would call you a scammer. Weird but true.
3. You want the performance, the delivery, (them getting "the thing" they paid for) to be easy and cheap as possible. It's hard to build someone a fence. It's hard to build two fences. It's really hard to build 500 fences. But you can sell an ebook 10000 times and its the same as 1 time, except you're 10000 times richer. But that can be more of something to worry about later, right now worry about cash.
Good luck. Work hard. Don't listen to stupid poor old people tell you "how things are", you don't want to be like them so don't listen to them.
If you act with purpose, attack each day, do not waste time going down useless paths, and apply yourself, you can become rich very quickly.
If you are young, do not come from wealth, do not have any starting capital, and you want to become rich while you're still young (without being a thief, a rapper, or a sports professional), you have a limited options. Let's go over the paths to avoid first.
1. You cannot get there with a job. All jobs are not worth it. Once there is a job that is "worth it", it will go away and be filled by someone else who will do it for less. Or, it is a job that requires too much experience, very niche skills, or it just sucks to do. Nobody ever gets paid enough. So you must avoid a job if you want to be rich young.
2. Do not
The path you must go down is the path of a business owner. You need cold, hard, motherfuckin' cash in your hands ASAP as possible.
So what business?
You must avoid the retard graveyard. It's funnier because it rhymes.
The retard graveyard is filled with people who started stupid businesses because they were sold a course on it and nobody really needs it but they get into it because someone with a financed sports car told them they could be rich too.
These are going to be businesses that are tempting because they seem easy on the surface.
1. Dropshipping. "Hey man just buy some thingamajigs from alibaba and keep it in a warehouse and sell it on amazon for 3x as much and you'll make 100k a month dawg." Everyone does this. Everyone is really good at it now. Everyone has undercut everyone else on amazon and now there are no margins, but at least consumers get really good prices and get things delivered in one day.
2. Social Media Marketing Agency. "Hey man just tell business owners that social media is super important and offer to run their instagram accounts for them for $500 a month or more, and get 100 clients and now you make bank!". Everyone does this too. Have fun sending 500 thousand emails and calling 10 thousand businesses just to get told to F*ck off 99.999% of the time because nobody wants this, while there's a billion people offering it.
3. Pyramid Schemes. If it's under a company and there's any recruiting you must do in any way, it is bullshit.
What businesses SHOULD you do?
I could give you an answer of some that work, but if I do that, there are an unlimited number of examples that are outside of those restrictions that work just as well or even better. It's like telling you what kind of painting to paint. Business is art. If I say you should paint landscapes and here's how to paint one, I have eliminated sculpting, and any other art form. I have eliminated painting portraits. I have eliminated all other types of painting depending on the style I tell you to paint in.
I could tell you how to run a simple lawn maintenance company. That's what I do. You run ads and get customers for home services. You do the work a little bit and then make adjustments and then hire workers and you grow it. You can have office workers and field workers and you do nothing but manage and you can make 10k a month, 100k a month, a million a month, there's no rules, just scale.
I have a friend who makes headstones. People want a headstone, they pick a design, it costs $2-3 thousand bucks. He gets a rock from India for $100 that's already in the shape and all polished. He sandblasts a design and lettering on it and takes it to the cemetery and installs it and gets paid. He makes tons of money.
I have a friend who is a dealer for an expensive Lidar scanning equipment company. They cost $40,000. He gets a percentage from that like 20% or something. He sells them to architecture firms, construction companies, and other types of companies that need to buy it. He just flys around and demos it, makes content online about it so people buy it from him. He has a centurion card in his 20's. I'm pretty sure he's got whatever status level there is where they would let him jerk off in the Amex lounge if he wanted to.
Here's some rules of thumb.
If you "build up" business slowly through personal relationships and word of mouth, expect to not get rich young. You need a type of business that grows from ads typically. If you rely on being "the guy" for whatever you sell, it will take SO DAMN LONG to become well known.
If you sell cheap things, you need to do it A LOT. Sometimes it's better to sell expensive things. I mean really expensive things. Like get a single contract to service something that's worth $500k or more, as an example. Think big. Big either in scale or in price.
Services have good margins, low initial capital, and can print more money quickly but are more annoying to scale. Products have worse margins, higher initial capital, and take more time. You're broke and in a hurry, I'd shoot for services.
Avoid things that need a special license, a special qualification, regulation from the government, or anything that handcuffs you. Avoid things where you "submit bids" since many times that becomes a race to the bottom and commodifies your offer.
I'll give an example of avoiding commodification. A hospital calls my lawn care company and is getting bids for lawn care service. They give us a document outlining their requirements and expect us to line up and give a price and they compare it to 5 other companies and go with the cheapest. That's bullshit. Commodity. On the other hand, Alex Hormozi makes a video and says "Are you struggling to grow your business? Come to our workshop and we will train you for two days, I will personally answer questions, and it will change your life and the average business owner improves their business by $100,000 within the first year after coming here, it's only $5,000". You signup, they fill a room with 100 people who all paid $5000. They do this for two days. They have one every week. That's $2 Million dollars a month. At each workshop at the end they upsell you to a higher level where you can work directly with a team and get your company ready to be acquired by their private equity firm, and take your business to the next level, which costs $35,000 and 30 people sign up to it each time. That generates a million each week so an extra $4 Million each month. $6 Million a month total, with basically very, very little costs. That's the opposite of a commodity. That's business heaven.
You want to be in business heaven, not selling a commodity.
Always be pushing your business towards the following directions.
1. Sell things people continue to pay for or buy again, not just once. Recurring or reoccuring = good.
2. Sell where price is based off of what it helps them do, not based off of "just a little more than it costs you". Advice could cost $100,000 and only take 5 minutes to give to someone and they could thank you for helping them. That's not a scam. But if you buy a pack of playing cards for $1 and sell it for $10, people would call you a scammer. Weird but true.
3. You want the performance, the delivery, (them getting "the thing" they paid for) to be easy and cheap as possible. It's hard to build someone a fence. It's hard to build two fences. It's really hard to build 500 fences. But you can sell an ebook 10000 times and its the same as 1 time, except you're 10000 times richer. But that can be more of something to worry about later, right now worry about cash.
Good luck. Work hard. Don't listen to stupid poor old people tell you "how things are", you don't want to be like them so don't listen to them.
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