Success UNIVERSAL Fundamentals of WEALTH (Become rich)

Should I create a better structured thread about this same subject (wrote this quick in the cellphon


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Hector

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I am really into entrepenourship, economics, financial... I am not rich, because BEING RICH is about the correct things FOR A LONG TIME. But I know more or less the basics, specially because of older people I know, and because economics is universal to any scale.

I am writing this as a hypotetical perfect capitalist environment, without stupid regulations, state-monopolies, state netpotism, total free market (aka full meritocracy), no taxes on capitalization (like in Switzerland per example, in my country tax is 19% kek)

If you live in a western country, more or less the environment is somewhat close to "utopycal" in relative terms compared to socialist shitholes. If you live in a leftie country, your priority must be leave that corrupt and unmoral shithole.

1) Most important thing is focus on long term, this is based in every aspect of life, economics isn't different.

2) You need to create added value. OP spotted this as a cope, it isn't, is literally the key of the creation of wealth. Wealth is created BTW. In the long term, the market ALWAYS, ALWAYS benefits the one who adds value. Because people, companies... seek efficience, and thats is reached with added value. So make sure yo do something, sell something, design something that benefits other people (your potential clients). There is no need to create something new, just improving something, is adding value.

Examples; steam machine added value by making faster, less workers same production; McDonald's added value was making faster food; Ford added value by allowing faster transportation of people and goods; TSMC add value by designing and creating the most efficient and fastest microprocessators; Disney added value is entretaining people; Lockhead Martin adds value by creating most deadliest weapons, UBER adds value by making more efficient the taxi infustry; Lionel Messi adds value as entretaining, Zara added value by fabricating good clothes as a low price; Joe Biden adds value... as nothing, politicians don't add value, they are just state leaches; Ryannair added value by allowing to fly, cheaper as conventional planes, looksmax adds value by creating a space to discuss looks improvement to people.

3) CAPITALIZATION. You know why is called Capitalism? Is called capitalization because is the action of saving plusvalies of work and invest them to create more wealth into the future. Thats why I said WEALTH don't exist per se, it needs to be created and it is infinite. WEALTH = efficience in life, not coins or dollars (thats just a currency to try to materialize labour).

Capitalization is your #1 goal for you if you want to become richer, wealthier. Without capitalization, the world would crumble and go back to mediaval era. Capitalization is the number one goal, or should be, for every fucking company in the world, including modern states (almost none state does that, thats why the system will collapse soon or later IMO), and for your, because as I said, economics are simple and universal, what you should do is what Apple INC should do and what the Helvetica Confederation should do.

For dumbs, save money, and invest it, invest invest invest, not only are you become richer, you are helping world economy. Economy doesn't need consumers, need investors. Don't burn capital with stupid things, save and invest to create wealth, and to become wealthier, because investiments give returns.

When a company that has 3 factories, wants to become wealthier, what it does? It starts to save plusvalies (here is where commies cry) to invest them into building a new factory.

By the simple act of investing the non spent plusvalies, that company, apsrt to become more efficient into producing more goods, spent money on architects, builders, trucks, metallurgic industry, interior designers, truck drivers, bought the land...

it REDISTRIBUITED ITS WEALTH how it is supposed to be, not by theft (taxes). And redistributed its wealth with people and companies that added value. Everything, to become more efficient. Good eh? Of course, politicians took 0 of that wealth, so leaches will make you belive that they are the oned that need to redistribute wealth, instead of a free market, as said before, meritocracy.

And all of this joins with the added value point.

By capitalization or invest, there are infinite ways. Invest into stocks (companies), invest in information (education, learning thing that add value makes you more value in the market, maybe you work with you computer, so you invest into buying a more powerful computer (adds value). Bitcoin isn't an invest by definition, is just normal saving.

250 years ago, capitalism didnt existed, what people produced (very little) was spent. It was with the creation of the firsts investiment institutions (old banks) that capitalism was born. 250 years ago, almost the total world population lived in total poverty. Now this all changed, people never lived better, there is no point in history where people were richer than today. The total succes of CAPITALISM.

Because the farmer that saved, invested in a tractor that made its work thousand of times more efficient, that way famines stoped. A farmer from The Netherlands is 500x times more efficient than a farmer from the Congo. The family of the dutch farmer been capitalizating hundreds of years, the Congo farmer doesn't even capitalize.

If you have 1000€ and you don't spend the max you can into a improvement that will make you generate more than 1000€. You will never by rich by you owm means, and if you win lottery, eventually, you will lose everything.

4) Focus on your branch. This is also related to the added value part. If you want to entrepenourship, you need to add value, and the most probably way you are gonna add value between market competitors is in a branch that you understand.

If you are a baker, you wont start a bussiness about clothes. If you are expert in engineering, you want to add value by making some engineering aspect of something more efficient. That way you will become wealthier. Entrepeneour in the branch you understand.

Those points were universal rules, now some quick pragmatic tips:
-Don't waste time, time is not purchesable. Regular people nowadays waste a shitton of time. Don't do that.
-You should aim to become a capitalist, thats means, the one that puts the capital. You start as a worker, then worker and capitalist, and finally capitalist. Thats when you soley need to sit and relax. You capital is the one adding value, by allowing economy to invest and become more efficient, more richer.


TDLR:
1) Focus on long term, don't get distracted by short term.
2) Try to add value. Something, a service, a good, a knowledge, a strategy, that improves already existing things.
3) Work, save, invest, work, save, invest. Capitalization.
4) Improve your already know branches. Something you are passionate, you already worked, you studied...
5) Don't waste you life, dont be a regular sheep, do things. You will die, don't be a fucking nihilist.
6) Capitalization is buying free time in your future.

CAPITALISMO AHORRO Y TRABAJO DURO. No hay otra.
 
eduardkoopman

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To quote Felix Dennis from his book:

1.Analyse your need. Desire is insufficient. Compulsion is mandatory.
2.Cut loose from negative influences. Never give in. Stay the course.
3.Ignore 'great ideas'. Concentrate on great execution.
4.Focus. Keep your eye on the ball marked 'The Money Is Here'.
5.Hire talent smarter than you. Delegate. Share the annual pie.
6.Ownership is the real 'secret'. Hold on to every percentage point you can.
7.Sell before you need to, or when bored. Empty your mind when negotiating.
8.Fear nothing and no one. Get rich. Remember to give it all away. Fear not. For fear itself is fed by fear, And all fears pass. Did no one tell you so? Come take my hand, my friend, and we will peer Into this fear's abyss. And jump! And know.
 
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Stopped reading when you said economics is universal to any scale (wrong)

And then said you were going to be basing your fundamentals of a magical fairy land that doesn't exist. Jfl
 
Pretty

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The economy ironically needs consoomers

Consoomers and investors are the same when a consoomers buys a product from a company they’re unironically investing in the company and helping it grow

Difference is consoomers lose money investors gain money back
 
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I am really into entrepenourship, economics, financial... I am not rich, because BEING RICH is about the correct things FOR A LONG TIME. But I know more or less the basics, specially because of older people I know, and because economics is universal to any scale.

I am writing this as a hypotetical perfect capitalist environment, without stupid regulations, state-monopolies, state netpotism, total free market (aka full meritocracy), no taxes on capitalization (like in Switzerland per example, in my country tax is 19% kek)

If you live in a western country, more or less the environment is somewhat close to "utopycal" in relative terms compared to socialist shitholes. If you live in a leftie country, your priority must be leave that corrupt and unmoral shithole.

1) Most important thing is focus on long term, this is based in every aspect of life, economics isn't different.

2) You need to create added value. OP spotted this as a cope, it isn't, is literally the key of the creation of wealth. Wealth is created BTW. In the long term, the market ALWAYS, ALWAYS benefits the one who adds value. Because people, companies... seek efficience, and thats is reached with added value. So make sure yo do something, sell something, design something that benefits other people (your potential clients). There is no need to create something new, just improving something, is adding value.

Examples; steam machine added value by making faster, less workers same production; McDonald's added value was making faster food; Ford added value by allowing faster transportation of people and goods; TSMC add value by designing and creating the most efficient and fastest microprocessators; Disney added value is entretaining people; Lockhead Martin adds value by creating most deadliest weapons, UBER adds value by making more efficient the taxi infustry; Lionel Messi adds value as entretaining, Zara added value by fabricating good clothes as a low price; Joe Biden adds value... as nothing, politicians don't add value, they are just state leaches; Ryannair added value by allowing to fly, cheaper as conventional planes, looksmax adds value by creating a space to discuss looks improvement to people.

3) CAPITALIZATION. You know why is called Capitalism? Is called capitalization because is the action of saving plusvalies of work and invest them to create more wealth into the future. Thats why I said WEALTH don't exist per se, it needs to be created and it is infinite. WEALTH = efficience in life, not coins or dollars (thats just a currency to try to materialize labour).

Capitalization is your #1 goal for you if you want to become richer, wealthier. Without capitalization, the world would crumble and go back to mediaval era. Capitalization is the number one goal, or should be, for every fucking company in the world, including modern states (almost none state does that, thats why the system will collapse soon or later IMO), and for your, because as I said, economics are simple and universal, what you should do is what Apple INC should do and what the Helvetica Confederation should do.

For dumbs, save money, and invest it, invest invest invest, not only are you become richer, you are helping world economy. Economy doesn't need consumers, need investors. Don't burn capital with stupid things, save and invest to create wealth, and to become wealthier, because investiments give returns.

When a company that has 3 factories, wants to become wealthier, what it does? It starts to save plusvalies (here is where commies cry) to invest them into building a new factory.

By the simple act of investing the non spent plusvalies, that company, apsrt to become more efficient into producing more goods, spent money on architects, builders, trucks, metallurgic industry, interior designers, truck drivers, bought the land...

it REDISTRIBUITED ITS WEALTH how it is supposed to be, not by theft (taxes). And redistributed its wealth with people and companies that added value. Everything, to become more efficient. Good eh? Of course, politicians took 0 of that wealth, so leaches will make you belive that they are the oned that need to redistribute wealth, instead of a free market, as said before, meritocracy.

And all of this joins with the added value point.

By capitalization or invest, there are infinite ways. Invest into stocks (companies), invest in information (education, learning thing that add value makes you more value in the market, maybe you work with you computer, so you invest into buying a more powerful computer (adds value). Bitcoin isn't an invest by definition, is just normal saving.

250 years ago, capitalism didnt existed, what people produced (very little) was spent. It was with the creation of the firsts investiment institutions (old banks) that capitalism was born. 250 years ago, almost the total world population lived in total poverty. Now this all changed, people never lived better, there is no point in history where people were richer than today. The total succes of CAPITALISM.

Because the farmer that saved, invested in a tractor that made its work thousand of times more efficient, that way famines stoped. A farmer from The Netherlands is 500x times more efficient than a farmer from the Congo. The family of the dutch farmer been capitalizating hundreds of years, the Congo farmer doesn't even capitalize.

If you have 1000€ and you don't spend the max you can into a improvement that will make you generate more than 1000€. You will never by rich by you owm means, and if you win lottery, eventually, you will lose everything.

4) Focus on your branch. This is also related to the added value part. If you want to entrepenourship, you need to add value, and the most probably way you are gonna add value between market competitors is in a branch that you understand.

If you are a baker, you wont start a bussiness about clothes. If you are expert in engineering, you want to add value by making some engineering aspect of something more efficient. That way you will become wealthier. Entrepeneour in the branch you understand.

Those points were universal rules, now some quick pragmatic tips:
-Don't waste time, time is not purchesable. Regular people nowadays waste a shitton of time. Don't do that.
-You should aim to become a capitalist, thats means, the one that puts the capital. You start as a worker, then worker and capitalist, and finally capitalist. Thats when you soley need to sit and relax. You capital is the one adding value, by allowing economy to invest and become more efficient, more richer.


TDLR:
1) Focus on long term, don't get distracted by short term.
2) Try to add value. Something, a service, a good, a knowledge, a strategy, that improves already existing things.
3) Work, save, invest, work, save, invest. Capitalization.
4) Improve your already know branches. Something you are passionate, you already worked, you studied...
5) Don't waste you life, dont be a regular sheep, do things. You will die, don't be a fucking nihilist.
6) Capitalization is buying free time in your future.

CAPITALISMO AHORRO Y TRABAJO DURO. No hay otra.
I don’t like threads like these cus most of this stuff won’t be drilled into your head from just reading it you have to truly experience it to understand it
 
carnage

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I like seeing a actually helpful threads like this instead of the autistic crap which is 90% of this forum
 
Hector

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Stopped reading when you said economics is universal to any scale (wrong)

And then said you were going to be basing your fundamentals of a magical fairy land that doesn't exist. Jfl
Economics are simple and universal to any scale. The fundamentals are, if you break them, you are directing to the worng place in the long term. And already explained the pure capitalism part, it doesnt exist, but exist a shit ton of countries which the difference is just for economic austitics like me.
 
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Cretinous

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Key to wealth is getting others to do things for you. That includes other people's money (capital).
 
Aesthetica

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Very good thread, acquiring wealth is rather straight forward, follow these steps and you’ll become wealthy in your lifetime
 
noodlelover

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Key to wealth is getting others to do things for you. That includes other people's money (capital).
This exactly. All that shit about "value" is circular reasoning, and pretends we are something other than glorified irrational illogical apes living in a state of constant delusion flinging poo at each other and rubbing our shit into the walls.
 
Hector

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This exactly. All that shit about "value" is circular reasoning, and pretends we are something other than glorified irrational illogical apes living in a state of constant delusion flinging poo at each other and rubbing our shit into the walls.
Nihilism
 
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Hector

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Key to wealth is getting others to do things for you. That includes other people's money (capital).
People will want something to exchange, time, capital, knowledge, favour, influence, anything that adds value to them, even lying (psychologic added value)
 
Kingcel32

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I agree with the overall concept of adding value to the market, however there are some little technicalities that I disagree with, especially the historical section, but I will not comment as the overall thread is good.
 
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Why a broke ass is telling us how to be rich
 
FastBananaCEO

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Give me money
 
OneTwoThree

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First of all, you have to find a well-paid regular job to save some money and then invest. That's the hardest step to make. Later it is only easier when you possess a capital.
 
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JovenCansao

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Read every word, too bad I am a student now and my income is basically 0 rn
 
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Si vives en un país de izquierdas, tu prioridad debe ser salir de ese agujero de mierda corrupto e inmoral.[/SPOILER]
Si me tratan mal en mi país de mierda lleno de infrahumanos no me quiero imaginar en otro como Suiza
 
KayJayTooHot

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250 years ago, capitalism didnt existed,
Indeed, it was called colonialism and imperialism around that time period. [1]
250 years ago, almost the total world population lived in total poverty.
Yeah, due to imperialism imposing its will on the people.
Now this all changed, people never lived better
Inequality is at, arguably, its worst. [2][3]
people never lived better, there is no point in history where people were richer than today. The total succes of CAPITALISM.
'Widening income inequality is the defining challenge of our time. In advanced economies, the gap between the rich and poor is at its highest level in decades. Inequality trends have been more mixed in emerging markets and developing countries (EMDCs), with some countries experiencing declining inequality, but pervasive inequities in access to education, health care, and finance remain.'[4]
Wealth is created BTW.
This is a strange way of saying wealth is created by exploitation and inheritance among the ruling. [5]
Economy doesn't need consumers, need investors.
The economy absolutely needs consumers, maybe even more so than 'investors.' [6]

I cannot be compelled to critique more pieces of misinformation in this thread. Overall, nice try, I guess, OP? You seem to be in a pretty delusional state over what is truly occurring. I don't know why this is stickied.
 
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The economy ironically needs consoomers

Consoomers and investors are the same when a consoomers buys a product from a company they’re unironically investing in the company and helping it grow

Difference is consoomers lose money investors gain money back

Traders are just consoomers who buy and sell higher.

Imagine you are a farmer who makes 1000 fruits. They cost 50cents to produce. And you sell them at 60cents, making a 10cent profit.

5 markets buy all your fruits(each 200) and sell them at 80cents for a profit of 20cents.

They make 2x the profit you make at 20000cents while you make 10000cents.

Buy hey, each of them are only making 4000cents, so you make 250% the amount each of them make but 50% of all of them combined.

That's none of your problem if you sell to as many markets as possible. Like, say chips packets.

Of course, the reverse should be true, because you manufactures the goods. So you should be making more profits than them since they depends on you.

For example, if 1 apple is sold at $2 and 4 people bought them instead of $3 and only 2 people buys them then you should negotiate with the retailers to sell at lower prices so that you can sell more/earn more profits. Since 2 × 4 = $8 which is $2 more than 3 × 2 = $6.

Buying at cheaper stores is about accessibility of course. Who's gonna buy a $1 item by spending $1000 plane ticket when they can buy the same product for $2000 right by their house.

If I shipped designer clothes from Paris to Singapore. That's a niche market. Like "Himalayan salt" or whatever.

Either a product is only available from a certain place or it has higher quality.

This has to do with the power of currency/exchange rate and the average income of the people of the region.

Like for example you can't sell a swiss watch to people in Venezuela because they can't afford it. Maybe you can to the rich.

But even poor people might spend money on something really desirable like maybe a high quality TV.

Because of shipment costs vs an individual buying themselves or whatever ignoring buying in bulk being cheaper in price.

It's all about amplifying your money at the highest rate possible within the shortest period of time. Like going from $10 to $100 or $100 to $10 000.
 
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There's no point in limiting your sales to your own country but to export it to wherever market there is available. Because it's all about selling as much as possible.

If you are selling at a new region where there are no competitors you should sell it at the highest reasonable price.
 
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Competition can be eliminated by better service/higher quality/cheaper price.

Marketing is everything too, Belle Delphine literally sold just "bath water" because of her looks and internet popularity.

Using one thing to sell another. Like a McDonalds happy meal. Kids want the fucking happy meal toys not the food.
 
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GuyFromSingapore

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Remember you Capitalist motherfuckers, your currency has value as long as it's in circulation

A natural disaster that destroys a country or a new kingdom terrorizing your lands will destroy your currency.
 
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GuyFromSingapore

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If I can create my own unlimited money supply I could try out new markets constantly lmao and see what works and what doesn't work, ignoring the fact that I have unlimited money and this experiment was irrelevant.
 
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GuyFromSingapore

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Knowing what works depends on predicting human behaviour like "it's a fruit, people love fruits, so people are going to buy fruits".

Instead of "I have a cool funky gadget, I don't know how many people might buy them".

This concept of "when sales increase" is nonsense. What are the factors for it?

Have a naked woman's body, I assure you, you will sell it all the time, everytime. There's no thinking about it.
 
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Let's no forget the fact that even business people buy from other people for their own use.
 
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GuyFromSingapore

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When you realize banks always profit and stock investments depends on success of the businesses JFL



It's all about the returns though.
 
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Jew at Wall Street JFL

 

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