how can people have so much money?

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randal

Golden Member
Jun 3, 2001
1,890
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You know, my parents make a decent amount of money, but it seems like we're always at the end of the line when it comes to the newest and greatest things. I don't know how much they make, but I know that it's enough for us to get by, but it's not like we're rich or anything. Like like those vietnamese folks down the street -- they own a janitorial service -- who have a huge house and own 4+ cars. I mean, hell, just last year that put a new roof on their house and paid for it with cash.

I really wish that everybody could make truckloads of money. My parents are good folks and deserve better than middle-of-the-road. They're always been pretty frugal, but just don't have the cash to send me to school with a new car, buy my books and pay for my tuition.

Is there some sort of secret to making lots of money? Is it good ideas? Investing? Capitalising on opportunity?
 
D

Doggiedog

Lifer
Aug 17, 2000
12,780
5
81
They max out their credit cards and buy houses with loans from the mob at ridiculous interest rates.
 
J

jagec

Lifer
Apr 30, 2004
24,442
6
81
The way to get richest (but it involves some risk) is to start your own company and work harder than everyone else for the first few years, reinvesting all your profits into the company. Once it takes off (if it takes off), you riiiide your way to the top. See: Carnegie, Rockefeller, Vanderbilt, Gates.
 
Schadenfroh

Schadenfroh

Elite Member
Mar 8, 2003
38,416
4
0
Crime and inheritance are the 2 most popular methods in america. For best results, have your parents do the crime and let you inherit it
 
ElFenix

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,393
8,552
126
figure out a way to pump the rest of the oil out of the east texas (kilgore) field.
 
F

FlyLice

Banned
Jan 19, 2005
1,680
1
0
Originally posted by: randal
You know, my parents make a decent amount of money, but it seems like we're always at the end of the line when it comes to the newest and greatest things. I don't know how much they make, but I know that it's enough for us to get by, but it's not like we're rich or anything. Like like those vietnamese folks down the street -- they own a janitorial service -- who have a huge house and own 4+ cars. I mean, hell, just last year that put a new roof on their house and paid for it with cash.

I really wish that everybody could make truckloads of money. My parents are good folks and deserve better than middle-of-the-road. They're always been pretty frugal, but just don't have the cash to send me to school with a new car, buy my books and pay for my tuition.

Is there some sort of secret to making lots of money? Is it good ideas? Investing? Capitalising on opportunity?
Click to expand...

There are only 3 ways of creating wealth:

1) Think of an idea that benefits society as a whole.
2) Speculation
3) I forget what #3 is.

Any Econ Master's or PhDs here?
 
Zenmervolt

Zenmervolt

Elite member
Oct 22, 2000
24,514
36
91
Originally posted by: jagec
The way to get richest (but it involves some risk) is to start your own company and work harder than everyone else for the first few years, reinvesting all your profits into the company. Once it takes off (if it takes off), you riiiide your way to the top. See: Carnegie, Rockefeller, Vanderbilt, Gates.
Click to expand...
You're including Gates in there? That better be the first William Gates, the Banker. Bill of Microsoft fame came from an incredibly wealthy family. His private HS tuition was more than his Harvard tuition.

ZV
 
I

illustri

Golden Member
Mar 14, 2001
1,490
0
0
grass is always greener

but if your folks are as good as you believe, learn from their humility and feel fortunate for their parentage
thats a kind of wealth too

if you're worried about your own immediate future don't be
this is the best country in the world to move on credit
 
R

randal

Golden Member
Jun 3, 2001
1,890
0
71
Originally posted by: Gooberlx2
:thumbsup: 8/10

That guy just has no effing clue.
Click to expand...


hahaha, yea, he needs a good welcoming (aka clubbing) by the real world.

btw, I'm a business/IT major and do own my own business (at 22 y/o) so hopefully I'll be rich in no time. Er. I mean poor. Dirt poor in no time.
 
J

jagec

Lifer
Apr 30, 2004
24,442
6
81
Originally posted by: FlyLice
There are only 3 ways of creating wealth:

1) Think of an idea that benefits society as a whole.
2) Speculation
3) I forget what #3 is.

Any Econ Master's or PhDs here?
Click to expand...

3) is "....."
and 4) is "Profit!":)
 
quakefiend420

quakefiend420

Lifer
Aug 26, 2004
14,685
1
76
Originally posted by: FlyLice
Originally posted by: randal
You know, my parents make a decent amount of money, but it seems like we're always at the end of the line when it comes to the newest and greatest things. I don't know how much they make, but I know that it's enough for us to get by, but it's not like we're rich or anything. Like like those vietnamese folks down the street -- they own a janitorial service -- who have a huge house and own 4+ cars. I mean, hell, just last year that put a new roof on their house and paid for it with cash.

I really wish that everybody could make truckloads of money. My parents are good folks and deserve better than middle-of-the-road. They're always been pretty frugal, but just don't have the cash to send me to school with a new car, buy my books and pay for my tuition.

Is there some sort of secret to making lots of money? Is it good ideas? Investing? Capitalising on opportunity?
Click to expand...

There are only 3 ways of creating wealth:

1) Think of an idea that benefits society as a whole.
2) Speculation
3) I forget what #3 is.

Any Econ Master's or PhDs here?
Click to expand...


#3 sell drugs...in volume
#4 rob banks
#5 steal someone elses idea(from #1)
 
OREOSpeedwagon

OREOSpeedwagon

Diamond Member
May 30, 2001
8,485
1
81
i'm surprised not everyone recognized the parody ;)

seriously, if I lived in a big house with my parents and we had 4 cars(2 1995 and 2 2003!) and NO debt I think I would consider my parents very well off.
 
R

randal

Golden Member
Jun 3, 2001
1,890
0
71
OREO, you obviously live in the same reality I do. Please get that checked out -- you're not agreeing with mySoS enough. *cough*
 
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