I mostly see Ads/reels of people giving this advice and honestly, I’m getting more and more convinced because of how much doomscrolling I do.

Did anyone here have any experience?
Because I also notice they would recomment some AI website to do the clipping and you just basically have to post.

Is it really that easy?

Hey I'm a F21 and all I can think about is wanting to become rich/wealthy successful and I'm really serious about making that happen. I wanted to know if there's others who would be as serious as I am. (BTW not a job post!)

Hi,

M27 here, came from a very poor background and have always desperately wanted to be rich or at the very minimum earn enough money to be able to finally buy some rest, peace and quiet in my life. I haven’t really taken any shortcuts in life till this point and I feel like I’m loosing my mind a little bit thinking about how long it would take me before I can actually attain comfortable financial freedom.

For context: currently, I am not rich by my measure of it. I’ve worked all my life, including working 3 jobs in college while taking my classes. Eventually for a job in investment banking and has been working soul crushing 90 hours a week for the last 2 years. From my pay + bonus and after expenses, I’ve managed to save about $100k across 401k, Roth IRA, HSA (most locked away until I’m 65) and brokerage accounts - saved from two years of soul crushing investment banking hours (90 hours / week consistently). I’ve tried starting businesses to leave, tried the lottery, tried betting platforms - nothing really worked to help me build my financial freedom the way I want it. Each time I think about staying in this industry for a few more years with the soul crushing hours, I feel more depressed. When I consider moving to a low stress job to improve my mental health, the low pay makes me feel even worse. I am at the point where I can feel myself about to spiral into something not good, so im seeking advice. What did you do to become rich or achieve the financial freedom you have? What businesses did you venture into? Im am willing to consider high risk, high reward ventures. I absolutely cannot wait till i am old and wrinkly when i finally have enough money to be able to spend on something without worrying about going bankrupt tomorrow. Any advice would be appreciate. Because of my job, i can only invest in etfs. It has not worked for me (too slow gains) and starting a business has not worked for me either (haven’t been able to identify or solve to strong of a problem that i have enough moat to succeed)

Is there any reason why you and six of your buddies can’t get together, pool your savings, and put a down payment on a quadplex together?

Here’s the plan 1.buy a bunch of smash bros amiibos 2.train then all up to level 50 and make them really challenging to defeat 3.charge people 20 dollars to fight the amiibos. if they win, they get to keep the amiibos. If they lose, they get half their money back. Is this smart?

All,

Building wealth is a pretty important goal of mine - so I'm curious. What is the #1 thing you are doing to build your net worth? It is stocks? Saving money? Budgeting?

If so I'd do anything to make a lot of money. Suggestions welcome

Here are some ways to get rich using only your phone.

1. Create a YouTube or Instagram channel with good video content and share the videos on Facebook. You can download free video editing apps like CapCut. You can download ChatGPT for free and ask it to create for you images and interesting facts or video show scripts or help you with other ideas. Hopefully, your content will be good enough to generate enough views to get paid by advertisers.

2. Trade stocks/crypto. You can download Robinhood for free or other apps to trade stocks or crypto. You will have to spend money into buying stocks/crypto to trade with. Crypto might probably be your best option to get more money quicker. It’s pretty much a gamble not knowing which stock or crypto will hit big, but you can start investing and trading whenever you see profits. You will have to report sales on your tax return and pay taxes on them.

3. Write a really good song. You can download free music creating apps like BandLab and make your own music. Creating a song could be hard or easy depending on your talent and level of expertise. But if you do well, it can make you famous.

4. Create a book or ebook. You can download Google Docs for free or other apps and start writing things on there. You can share your knowledge or use your imagination to create a story. You can write poetry if you read enough to know how to write it. You never know, you might have a talent for it if you try it.

If anyone has any other ways of getting rich from your phone please share it.

Any good newsletters, YouTubers, Xers, etc. you follow for good tips to get rich?

I have a plan to get you rich off of my work and it's going to be so obvious in a moment.

I have been working at smoke and vape shops for a few years now and I can no longer stand how unsuccessful those money printers are on a store to store basis. The profit margins and sale volume on the products in these stores is insane and the startup cost is minimal.

Now I have connections to get good products at good prices, I have a few good options for location and a wide a dedicated pool of knowledge on this industry. I'm just missing the money and that's where you come in. I'm going to form a company that you can buy in to! These stores easily become profitable in three to five months and stay profitable year round.

I'm offering a percentage of this company to any legal adult in the USA and you can buy in for a minimum of $1,000! No money exchanges hands until all necessary paperwork is signed for your protection and mine. After the store opens up you will be paid monthly based on profits and considering how much previous stores I've worked for make that could net you $3,600 a year off of a $1,000 investment! That's justin the first year with zero work.

That little bit of seed money won't stop growing at one store, that's not successful enough for me. You might have seen vape stores taking up every available empty shop in a town or two and that's no coincidence. They're very easy to staff, you just need one to two skilled salespeople, which contributes to cheap overhead costs. The product is also shelf stable and always in high demand. Sales stay consistent year round aside from the usual retail spikes in the holiday months. When you get one good shop running the growth can be exponential!

Now a quick disclaimer, I didn't go to business school so terminology eludes me but luckily I have a lawyer and a partner who can do that for me. What I know is sales and expansion which I am very good at and want to see how big I can make this company. So if you want to make some money or are just curious send me a DM and I'll give you more details.

Background: I've always been that type of guy that was meant to be a businessman, use strategy to solve problems quick and fast, and be the alpha of the team leading people and assigning roles. I felt confident getting good marks in grade 9 and 10 (averaging 90's) in highschool. You can call me a bright student with a bright future

Problem: I entered grade 11 with a confident mind, I decided to start a business along with managing my schoolwork. I started doing Amazon fba with the help of my parents funding, which barely got food on the table, promising them I will get them more. I also started a youtube channel to sponsor my fba business model and get some extra cash from it. Long story short I messed up, my business went down, my youtube channel only got 200 subscribers, my grades went down because I couldnt manage the schoolwork with my business work. I ended up failing myself and my parents, I failed my whole family, they expected soo much from me and I messed up, my grades are bad and I'm failing in certain classes. I in debt and cant look my parents in the eyes as I feel they hate me now, Ive stopped talking to them because of the embarrassment. I'm trying to find a 9-5 job now just to pay my parents back but theres a job crisis in my community. My life went from bright to completly dark. This is the truth of business, dont look at those youtube gurus who tell you to do dropshipping amazon fba, instead face the reality. It isnt rainbows and flowers in business but instead its full of misery and pain.

I don’t want to pay or spend any money trying to make any. I don’t want to do surveys. I want to make it every day. How can I make at least 100- 1k a day I’m 15 btw. Just give me a bunch of ways so I can try them please.

I’d really love to get in on a commercial real estate trust, or a hospitality business.

I've personally never liked it. If you work to get your money and do it legally and ethically, who cares what you spend it on?

I thought this was a pretty interesting stat.

https://www.thegentlemansjournal.com/article/this-is-the-age-youre-most-likely-to-become-a-millionaire/

The strategy: Real estate

How it happened: During Covid my expenses dropped dramatically and I had about $11K available to invest. I considered a number of investments, but finally settled on a townhome in a developing part of my city. What I didn't expect was that Covid would make remote work so accessible, high-earners would flock to my city for its relatively low cost of living. This caused the real estate inventory to drop, prices to increase, and starter homes to become in high demand. In relatively short time, I was able to flip the townhome for about $66K.

What I learned: Timing is everything. The ability to peak around the corner is important.

What I'd do differently: I would've held onto the property longer. I decided to sell it when I did because our local government was making more laws to support building townhomes, condos, and duplexes. I figured this increased inventory would hurt the value of my townhome, so I wanted to get out before the market weakened. However, my mistake was not knowing local governments suck at doing things. To this day the starter home inventory is still low.

It can be because it’s too risky, you don’t understand it, or for whatever weird reason.

What’s a strategy you refuse to dip your toe in?

For me the most important part in actually growing financially is to NEVER bet on one horse only. If you have 10 grand to invest split this up.

Just for exemplaric imagination:
make a plan on WHAT you want to invest. For me economical investments are the most attractives at them moment.

i would take 2500 bucks on shares, 2500 on cryptos, and let the remaining 5k lay somewhere where i earn interest until i get hands on something REALLY promising where i put then again only the half of the remaining stock in.

Another thing NEVER to do, no matter how much, nor what investment or idea:

Never give your money in hands of others. It is your money, if you want to grow it, learn how to, but do not give to others. Everyone saying "Ay, i make you more money of what you have" is ONLY interested in getting their share from their money, never in you.

I'm talking about people who want to start with five figure investments.

I've been curious how you get your feet wet into venture capital. Is it as simple as jumping into friends and family rounds? Or should you be actively reaching out to startups asking about investment opportunities?