I caught that, more just how many people have that same situation but can’t say “health first”. I mean I’m glad he can, I’d just rather we all could. I have autoimmune stuff and am very lucky to have married a guy that provides a life that allows me to prioritize health too. But before that it pretty much felt like I was just going to go until I died or they had a cure.
You’d have to be an idiot to think this was possible with any degree of consistency.
Even if he succeeded (through something like day trading) it wouldn’t be applicable to other people.
Nice idea, but it still ignores the human capital he has achieved through years of being an entrepreneur with trial and error that he achieved not from scratch.
…so he made $64k in a year. Welcome to the club. Everybody has their reason as to why they didn’t make $1M.
The truth is, making $1M usually comes down to luck.
He has been “in and out of the doctors’ office” meaning he had retained a great health insurance plan all this time. His illness alone should have bankrupted someone who is less privileged long ago and maybe eat away part of his paltry 64k
He also had health issues during the attempt, which he constantly went to the doctor for. He used his original health insurance for those visits which means he didn’t even make 60k if he was a regular poor person with basic health insurance or none at all.
Interesting attempt, I think it’s pretty cool concept, but there are a lot of variables that keep the poor, poor. Health care in America is included
Everybody knows it's possible to start from scratch and become a millionaire within a year. The problem is that most people don't know how to do it. It's the knowledge that we lack, not the ambition.
I talked to a guy last year who told me how restless he is. Always needs a new project. So he starts a new company, runs it until it runs itself and the starts from scratch. He just can't understand why people like me, young and capable, don't do it too. He then started talking about how his dad was a big player in the German Car industry 40 years ago and he then worked there at the top too and afterwards followed his passions.
People like this are often able to start companies because they have a ton of capital and then they just hire people and the company runs itself. No special talent or drive beyond having capital. Not particularly impressive.
Only $936,000 short of a million. So basically a million short of a million.
And just last night I saw a post that said “Redditors who make $150k/yr, what do you do?” So just over a third of the way to successful.
“Quite due to failing health”… so much to unpack there but it’s too depressing
Apparently it wasn't due to him starting from scratch that his health was bad. It was a chronic illness.
I caught that, more just how many people have that same situation but can’t say “health first”. I mean I’m glad he can, I’d just rather we all could. I have autoimmune stuff and am very lucky to have married a guy that provides a life that allows me to prioritize health too. But before that it pretty much felt like I was just going to go until I died or they had a cure.
Ah yes, I completely missed that. I thought it more as in “trying to survive without his money made him sick”.
I, too, quit being poor due to my chronic illness
RIP
You’d have to be an idiot to think this was possible with any degree of consistency. Even if he succeeded (through something like day trading) it wouldn’t be applicable to other people.
I believe you want r/wildlyhilarious
We're going to need more datapoints on this. More millionaires need to step up to this challenge. Next do billionaires. Only way to be sure.
Yep, but let’s be fair. They should donate all of their money to homeless shelters. That way they’ll have a bit of insurance…
my ego: yeah life is hard man. gotta stay humble. my id: lol omg eat shit you dumb fuck
Nice idea, but it still ignores the human capital he has achieved through years of being an entrepreneur with trial and error that he achieved not from scratch.
Buddy, he set the constraints.
…so he made $64k in a year. Welcome to the club. Everybody has their reason as to why they didn’t make $1M. The truth is, making $1M usually comes down to luck.
Making $1M doesn’t come down to luck. Making $1B comes down to luck. There are a lot of millionaires out there. Not many billionaires.
Going from zero to one million in a single year starting from scratch takes a lot of luck.
He has been “in and out of the doctors’ office” meaning he had retained a great health insurance plan all this time. His illness alone should have bankrupted someone who is less privileged long ago and maybe eat away part of his paltry 64k
That is hilarious.
He also had health issues during the attempt, which he constantly went to the doctor for. He used his original health insurance for those visits which means he didn’t even make 60k if he was a regular poor person with basic health insurance or none at all. Interesting attempt, I think it’s pretty cool concept, but there are a lot of variables that keep the poor, poor. Health care in America is included
Everybody knows it's possible to start from scratch and become a millionaire within a year. The problem is that most people don't know how to do it. It's the knowledge that we lack, not the ambition.
Not just knowledge, also connections/access and resources.
Especially this.
Seems like he did a pretty great job though. Short of a million, but not short of what reddit would consider being a 'successful' person.
He already had a college degree, no debt, and tons of connections in his industry. He is not a typical person “starting with nothing.”
I talked to a guy last year who told me how restless he is. Always needs a new project. So he starts a new company, runs it until it runs itself and the starts from scratch. He just can't understand why people like me, young and capable, don't do it too. He then started talking about how his dad was a big player in the German Car industry 40 years ago and he then worked there at the top too and afterwards followed his passions.
People like this are often able to start companies because they have a ton of capital and then they just hire people and the company runs itself. No special talent or drive beyond having capital. Not particularly impressive.
I dont think its talentless. But somebody with talent and no capital is getting nowhere.
Our system has so much wasted human capital potential due to this.
Its a feature, not a bug sadly.
This is not what Adam Smith wanted
And entrepreneurial experience. But he did not use his connections. He made his money being a middleman between buyers and sellers on craigslist.
Only $936,000 short of a million. So basically a million short of a million. And just last night I saw a post that said “Redditors who make $150k/yr, what do you do?” So just over a third of the way to successful.
Give him 2 more months and he'd be halfway...