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Reddit why do billionares keep making more money

reddit why do billionares keep making more money

According to digital marketing company iQuanti, one of the most popular New Year’s resolutions this year is to spend less money and save. It received nearly 16 million Google searches — a Money seems to be on everyone’s mind; and if you want to make some serious cashRedditors are sharing how they became millionaires. Fortunately, there are a number of ways to make a boat load of moneythese days. You don’t have to have a fancy degree. You don’t have to have a ton of money to invest up .

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A few weeks ago I got into a discussion with some friends centered around this question. But will that still be true years from now? The most powerful entities in the future could be large multi-national corporations, giant associations of people, companies, religious groups, clusters of countries such as NATO, perhaps some new entity that controls technology like ICANN, or something entirely new. Adding to the confusion of this question, what actually defines power? Is it money, clout, influence, an ability to control a large military, or some combination of all of these? These are all important questions to ask because powerful entities define who the powerful people are. And it is the underlying systems and technology that will determine status and clout. But maybe this is the wrong way to think about it. The most powerful entity in the world years from now may very well be a band of trillionaires. With their level of influence, the trillionaires may very well determine the clout, power, and status of nations as well as the standing of other groups. So where will these trillionaires come from? Are they simply billionaires in an inflated global economy? But it becomes a rather intriguing question to consider what industries, systems, and business models will have the potential of generating X more income that anything in the world today. Others believe John Jacob Astor or Cornelius Vanderbilt were more likely to have achieved millionaire status first. John D. He broke into the billionaire category in the early s as a result of his investments in Standard Oil. Stepping through these future industries, I will mention a few disclaimers. This is a highly speculative list with several wild-card industries added to the mix to keep things interesting. Many of these are still waiting for the initial breakthrough to occur before the industry can even get started. They will have the ability to quickly adapt, rapidly influence, and perform nearly instantaneous transactions. For these reasons, it is entirely possible for a breakthrough to occur that launches an entirely new industry, and with highly leveraged processes, start producing trillionaires in less than ten years. With this in mind, here are the future industries that rose to the top along with a brief explanation as to why they were chosen.

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By Siofra Brennan For Mailonline. Many of us dream of a job to make us super wealthy or winning the lottery, but having a lot of money does come with its downsides, according to a new Reddit thread. User Tonatron20 posed the question: ‘Rich people of Reddit, what don’t they tell you about being rich? Serious replies only. Revelations included having no true friends, being forced to cut off people who beg for money and being paranoid about losing everything. Scroll down for video. Wealthy people have taken to Reddit to explain what it really feels like to have a lot of money, sharing tales of feeling isolated from friends and having to cut off family members who constantly ask for handouts. One poster called Tempa-d-badman offered his perspective of being a young millionaire.

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Elon Musk, the billionaire founder of SpaceX. Elon Musk doesn’t sit down at his desk every day and think, «Have I made enough money to quit and travel the world yet? Warren Buffett doesn’t get to Berkshire Hathaway head office in the morning and check his portfolio and say, «Can I afford to pay off my mortgage and live off dividends for the rest of my life?

The answer, obviously, is yes. Elon could retire tomorrow. Warren hasn’t had to show up to work for 50 years. But they do.

Because money isn’t money when you’re a billionaire. It’s just points on a scorecard. When you’re a billionaire, your problems don’t go away, but your money problems. You never need to worry about credit card debt, paying the mortgage, putting money into your k or anything like. If so, why? So Elon isn’t focusing on whether he has enough to retire on. He’s wondering whether humanity will become an interplanetary species. Warren isn’t sat in front of a spreadsheet, calculating if he can afford to live off dividend income for the rest of his life.

He’s wondering if he truly is the best allocator of capital of all time, whether his deployment of capital has led to the greatest good, and how he should give away his money when he dies. In both cases, these billionaires aren’t thinking, «Do I need more money?

Should I quit working? And in both cases, Elon and Warren care much more about building something fantastic than they do about cashing out and traveling the world. They prefer work to relaxation.

Which, coincidentally, is the fastest way to get rich. Don’t focus on how much money you’re earning. Focus on what impact you’re having, and how much value you’re creating for other people. As Zig Ziglar said, «You can have everything in life you want, if you will just help enough other people get what they want.

Ask a question, get a great answer. Learn from experts and get insider knowledge. Account icon An icon in the shape of a person’s head and shoulders. It often indicates a user profile. Login Subscribe. My Account. World globe An icon of the world globe, indicating different international options. Andrew LynchQuora.

People Reveal Ways To SAVE MONEY And GET RICH (r/AskReddit)

A user asked, «Do you think being monye billionaire has made you a happier person than if you were just a middle class person? I don’t have to think about health costs or college costs. Being free from worry about financial things is a real blessing. He added, though, that «of course, you don’t need a billion to get to that point. We do need to reduce the cost growth in these areas» — health care and education — «so they are accessible reddit why do billionares keep making more money. After researching more than 1, self-made millionaires billlionares, author Steve Siebold found that the wealthy aren’t afraid to admit that money can solve most problems. Accepting that money can create options is a key reason the rich continue billionarss generate more wealth, he says: «While the world reeddit sees money as a critical resource that opens up endless possibilities, the middle class is demonizing it and denying its importance. That’s why Siebold advises changing your mindset: «Start telling yourself on a daily basis that money is your friend and a positive force in your life, and your mind will go to work to help you d. Still, Gates also says there’s more biolionares happiness than your bank balance. When asked later during the Reddit AMA about what makes him happy, he replied: «Some recently said that when your children are doing well it really is very special, and as a parent I completely agree. And, he added, «sometimes following through on commitments to yourself like reddit why do billionares keep making more money more excercise also improves your happiness. Don’t miss: Warren Buffett spends 8 hours a week playing the ‘only game’ at which he may be better than Bill Gates. Like this story? Get Make It newsletters delivered to your inbox. All Rights Reserved. Skip Navigation.


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