Originally posted by RedPill
My paths assume that you are starting from scratch, with absolutely nothing. No collateral, no assets, no house, perhaps even some major debt. Because of this, everything I suggest would be a subset of your path 1. In other words… creating a business.
In the paths to creating a business I suggested, it takes a serious level of dedication, work and sacrifice that most people are unwilling to endure. We’re talking serious personal and professional growth. I think a lot of people become institutionalized by their work, long after the point at which they could have used the assets they’ve obtained or created to accumulate more wealth generating assets. But, to each his own choice.
So STR8UP, you are right. Acquisition of assets is the easiest, least labor intensive method of building wealth. It’s just hard as hell to acquire assets when you start with literal nothing. This is the frame of reference my paths come from.
It happens so that I am on that kind of path.
I have no credit, I don't think any 18 y/o come out having perfect credit and I don't think I have credit that I know of.
I have no job nor do I even have a high school degree.
I have absolutely no money either unless you're going to count my reserve which I'm using for food.
As STR8UP has said, most people are better off with a job; the leftover are the ones that will be willing to go through whatever it takes to win.
Even in college where kids major for MBA don't entirely know how to own their own business and create their own wealth.
If they were in my foot, most would never know what to do next.
Take for example, a textbook some college use, called Business by Pride, Hughes, and Kapoor.
The book is not geared toward starting your own business despite the fact that it talks about "Understanding the Management Process" and "Choosing a Form of Business Ownership", etcetc.
It's geared toward getting a job. They have a whole chapter geared toward getting a job, called "The Ultimate Job Hunter's Guidebook", and the preface say, "As authors, we are especially proud of this edition because these important changes were made with two goals in mind:
Student Success and Great Teaching.
So where does it say "goal(s) in mind: Student's Financial Success/Your Financial Success"?
Nowhere, it conditions you to get a job, to learn to take orders, to be someone's slave making someone else rich.
The thing I can say is this, if you want to be rich and/or wealthy, and you want it bad enough but you do not know or have what it takes (such as motivating people or motivating yourself [more important than motivating people imo] or time management, etcetc), you must
decondition yourself and restart all over and learn to lead people and lead yourself, learn to manage everything around you.
Everyone CAN get rich and wealthy, but not everyone really wants to work.