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The only real way to make significant profit is to extort those who you buy labor from.
Wealthier NTers: How did you get your wealth?
serotonins
formerly maroki
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It would be dope if Dom and Wale chimed in maybe even ben baller... but that will never happen.
Last edited:
- 8,894
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- Dec 11, 2010
i heard... the way to get pizzaid. ..
is to have something that people value more production costs...
then take that thing and put it on a conveyor belt to be produced over and over, and sold.
music, electronics, cars, books....
is to have something that people value more production costs...
then take that thing and put it on a conveyor belt to be produced over and over, and sold.
music, electronics, cars, books....
- 58
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- Sep 6, 2012
Those guys don't count. Ktown didn't generate his wealth from the ground up, he inherited precious metals, if i remember correctly.
Dom and Wale got a recording contract, but I guess that counts as sales, since they sold an image well enough to get higher-ups to invest in them.
These guys do not represent a realistic way for any random person to acquire wealth. They lucked out, and by "luck", I mean just so happened to be prepared when an opportunity presented itself.
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*lurking heavily.*
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Look up Brian Tracy.
Read Napolian Hill "Think and Grow Rich"
Read Napolian Hill "Think and Grow Rich"
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p4l, gotta get all I can from that young age 
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who is the richest nter here
- 9,380
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I believe that HovKid makes 400,000 a year..
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I believe in total, he made around 1.1mm if I remember correctly.
There are no secrets to being wealthy. Some people work really hard for it, while others get lucky. I know someone who was not he brink of bankruptcy, but is now making close to 300K a month...
My dad got a bit lucky when he bought a piece at an unbelievable price.....it's worth quite a lot now...at least 10x more than what he paid for it.
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- Aug 4, 2005
From my experience, the more education you have the higher up you'll get which is pretty much common sense but people tend to overlook that fact. There are engineers at my company who only have a bachelors who have been working there for YEARS and have stayed in the same spot. Then there are younger guys who have a masters and are project managers in <5 years. If you want to start seeing serious cash/wealth, get that masters. Even if you work right outta college, take night classes or online classes until you get it. It will go a long way.
Also, it helps to have some sort of business or finance background whether it is a minor or an MBA. Almost anything you do in the work world is business related. It's not only good on your resume but it just makes you so much more valuable and able to do your job better.
That's what I got, I don't have too much experience but these are just the things I picked up on in the last few months of working an office job.
Also, this is one of the best pieces of advice I've ever gotten:
Money>>Yambs. Girls will ALWAYS be there but the opportunity to move up won't always be
Also, it helps to have some sort of business or finance background whether it is a minor or an MBA. Almost anything you do in the work world is business related. It's not only good on your resume but it just makes you so much more valuable and able to do your job better.
That's what I got, I don't have too much experience but these are just the things I picked up on in the last few months of working an office job.
Also, this is one of the best pieces of advice I've ever gotten:
Money>>Yambs. Girls will ALWAYS be there but the opportunity to move up won't always be
Last edited:
- 16,006
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- Jan 27, 2012
21 Ways Rich People Think Differently
By Mandi Woodruff | Business Insider – Tue, Sep 4, 2012 10:50 AM EDT
Email
Print
World's richest woman Gina Rinehart is enduring a media firestorm over an article in which she takes the "jealous" middle class to task for "drinking, or smoking and socializing" rather than working to earn their own fortune.
What if she has a point?
Steve Siebold, author of "How Rich People Think," spent nearly three decades interviewing millionaires around the world to find out what separates them from everyone else.
It had little to do with money itself, he told Business Insider. It was about their mentality.
"[The middle class] tells people to be happy with what they have," he said. "And on the whole, most people are steeped in fear when it comes to money."
Flickr / C. Pajunen
1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.
"The average person has been brainwashed to believe rich people are lucky or dishonest," Siebold writes.
That's why there's a certain shame that comes along with "getting rich" in lower-income communities.
"The world class knows that while having money doesn't guarantee happiness, it does make your life easier and more enjoyable."
2. Average people think selfishness is a vice. Rich people think selfishness is a virtue.
"The rich go out there and try to make themselves happy. They don't try to pretend to save the world," Siebold told Business Insider.
The problem is that middle class people see that as a negative––and it's keeping them poor, he writes.
"If you're not taking care of you, you're not in a position to help anyone else. You can't give what you don't have."
Getty Images
3. Average people have a lottery mentality. Rich people have an action mentality.
"While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems," Siebold writes.
"The hero [middle class people] are waiting for may be God, government, their boss or their spouse. It's the average person's level of thinking that breeds this approach to life and living while the clock keeps ticking away."
4. Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.
"Many world-class performers have little formal education, and have amassed their wealth through the acquisition and subsequent sale of specific knowledge," he writes.
"Meanwhile, the masses are convinced that master's degrees and doctorates are the way to wealth, mostly because they are trapped in the linear line of thought that holds them back from higher levels of consciousness...The wealthy aren't interested in the means, only the end."
I Love Lucy screencap
5. Average people long for the good old days. Rich people dream of the future.
"Self-made millionaires get rich because they're willing to bet on themselves and project their dreams, goals and ideas into an unknown future," Siebold writes.
"People who believe their best days are behind them rarely get rich, and often struggle with unhappiness and depression."
6. Average people see money through the eyes of emotion. Rich people think about money logically.
"An ordinarily smart, well-educated and otherwise successful person can be instantly transformed into a fear-based, scarcity driven thinker whose greatest financial aspiration is to retire comfortably," he writes.
"The world class sees money for what it is and what it's not, through the eyes of logic. The great ones know money is a critical tool that presents options and opportunities."
7. Average people earn money doing things they don't love. Rich people follow their passion.
"To the average person, it looks like the rich are working all the time," Siebold says. "But one of the smartest strategies of the world class is doing what they love and finding a way to get paid for it."
On the other hand, middle class take jobs they don't enjoy "because they need the money and they've been trained in school and conditioned by society to live in a linear thinking world that equates earning money with physical or mental effort."
8. Average people set low expectations so they're never disappointed. Rich people are up for the challenge.
"Psychologists and other mental health experts often advise people to set low expectations for their life to ensure they are not disappointed," Siebold writes.
"No one would ever strike it rich and live their dreams without huge expectations."
BarackObamadotcom via YouTube
9. Average people believe you have to DO something to get rich. Rich people believe you have to BE something to get rich.
"That's why people like Donald Trump go from millionaire to nine billion dollars in debt and come back richer than ever," he writes.
"While the masses are fixated on the doing and the immediate results of their actions, the great ones are learning and growing from every experience, whether it's a success or a failure, knowing their true reward is becoming a human success machine that eventually produces outstanding results."
10. Average people believe you need money to make money. Rich people use other people's money.
Linear thought might tell people to make money in order to earn more, but Siebold says the rich aren't afraid to fund their future from other people's pockets.
"Rich people know not being solvent enough to personally afford something is not relevant. The real question is, 'Is this worth buying, investing in, or pursuing?'" he writes.
11. Average people believe the markets are driven by logic and strategy. Rich people know they're driven by emotion and greed.
Investing successfully in the stock market isn't just about a fancy math formula.
"The rich know that the primary emotions that drive financial markets are fear and greed, and they factor this into all trades and trends they observe," Siebold writes.
"This knowledge of human nature and its overlapping impact on trading give them strategic advantage in building greater wealth through leverage."
12. Average people live beyond their means. Rich people live below theirs.
"Here's how to live below your means and tap into the secret wealthy people have used for centuries: Get rich so you can afford to," he writes.
"The rich live below their means, not because they're so savvy, but because they make so much money that they can afford to live like royalty while still having a king's ransom socked away for the future."
richkidsofinstagram.tumblr.com
13. Average people teach their children how to survive. Rich people teach their kids to get rich.
Rich parents teach their kids from an early age about the world of "haves" and "have-nots," Siebold says. Even he admits many people have argued that he's supporting the idea of elitism.
He disagrees.
"[People] say parents are teaching their kids to look down on the masses because they're poor. This isn't true," he writes. "What they're teaching their kids is to see the world through the eyes of objective reality––the way society really is."
If children understand wealth early on, they'll be more likely to strive for it later in life.
14. Average people let money stress them out. Rich people find peace of mind in wealth.
The reason wealthy people earn more wealth is that they're not afraid to admit that money can solve most problems, Siebold says.
"[The middle class] sees money as a never-ending necessary evil that must be endured as part of life. The world class sees money as the great liberator, and with enough of it, they are able to purchase financial peace of mind."
Kim Bhasin / Business Insider
15. Average people would rather be entertained than educated. Rich people would rather be educated than entertained.
While the rich don't put much stock in furthering wealth through formal education, they appreciate the power of learning long after college is over, Siebold says.
"Walk into a wealthy person's home and one of the first things you'll see is an extensive library of books they've used to educate themselves on how to become more successful," he writes.
"The middle class reads novels, tabloids and entertainment magazines."
16. Average people think rich people are snobs. Rich people just want to surround themselves with like-minded people.
The negative money mentality poisoning the middle class is what keeps the rich hanging out with the rich, he says.
"[Rich people] can't afford the messages of doom and gloom," he writes. "This is often misinterpreted by the masses as snobbery.
Labeling the world class as snobs is another way the middle class finds to feel better bout themselves and their chosen path of mediocrity."
Flickr / Wei Tchou
17. Average people focus on saving. Rich people focus on earning.
Siebold theorizes that the wealthy focus on what they'll gain by taking risks, rather than how to save what they have.
"The masses are so focused on clipping coupons and living frugally they miss major opportunities," he writes.
"Even in the midst of a cash flow crisis, the rich reject the nickle and dime thinking of the masses. They are the masters of focusing their mental energy where it belongs: on the big money."
18. Average people play it safe with money. Rich people know when to take risks.
"Leverage is the watchword of the rich," Siebold writes.
"Every investor loses money on occasion, but the world class knows no matter what happens, they will aways be able to earn more."
Flickr / Ibrahim Iujaz
19. Average people love to be comfortable. Rich people find comfort in uncertainty.
For the most part, it takes guts to take the risks necessary to make it as a millionaire––a challenge most middle class thinkers aren't comfortable living with.
"Physical, psychological, and emotional comfort is the primary goal of the middle class mindset," Siebold writes.
World class thinkers learn early on that becoming a millionaire isn't easy and the need for comfort can be devastating. They learn to be comfortable while operating in a state of ongoing uncertainty."
20. Average people never make the connection between money and health. Rich people know money can save your life.
While the middle class squabbles over the virtues of Obamacare and their company's health plan, the super wealthy are enrolled in a super elite "boutique medical care" association, Siebold says.
"They pay a substantial yearly membership fee that guarantees them 24-hour access to a private physician who only serves a small group of members," he writes.
"Some wealthy neighborhoods have implemented this strategy and even require the physician to live in the neighborhood."
Getty Images
21. Average people believe they must choose between a great family and being rich. Rich people know you can have it all.
The idea the wealth must come at the expense of family time is nothing but a "cop-out", Siebold says.
"The masses have been brainwashed to believe it's an either/or equation," he writes. "The rich know you can have anything you want if you approach the challenge with a mindset rooted in love and abundance."
From Steve Siebold, author of "How Rich People Think."
THAT ARTICLE PRETTY MUCH SUMS IT ALLL UP FOR YOU OP!
By Mandi Woodruff | Business Insider – Tue, Sep 4, 2012 10:50 AM EDT
World's richest woman Gina Rinehart is enduring a media firestorm over an article in which she takes the "jealous" middle class to task for "drinking, or smoking and socializing" rather than working to earn their own fortune.
What if she has a point?
Steve Siebold, author of "How Rich People Think," spent nearly three decades interviewing millionaires around the world to find out what separates them from everyone else.
It had little to do with money itself, he told Business Insider. It was about their mentality.
"[The middle class] tells people to be happy with what they have," he said. "And on the whole, most people are steeped in fear when it comes to money."
Flickr / C. Pajunen
1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.
"The average person has been brainwashed to believe rich people are lucky or dishonest," Siebold writes.
That's why there's a certain shame that comes along with "getting rich" in lower-income communities.
"The world class knows that while having money doesn't guarantee happiness, it does make your life easier and more enjoyable."
2. Average people think selfishness is a vice. Rich people think selfishness is a virtue.
"The rich go out there and try to make themselves happy. They don't try to pretend to save the world," Siebold told Business Insider.
The problem is that middle class people see that as a negative––and it's keeping them poor, he writes.
"If you're not taking care of you, you're not in a position to help anyone else. You can't give what you don't have."
Getty Images
3. Average people have a lottery mentality. Rich people have an action mentality.
"While the masses are waiting to pick the right numbers and praying for prosperity, the great ones are solving problems," Siebold writes.
"The hero [middle class people] are waiting for may be God, government, their boss or their spouse. It's the average person's level of thinking that breeds this approach to life and living while the clock keeps ticking away."
4. Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.
"Many world-class performers have little formal education, and have amassed their wealth through the acquisition and subsequent sale of specific knowledge," he writes.
"Meanwhile, the masses are convinced that master's degrees and doctorates are the way to wealth, mostly because they are trapped in the linear line of thought that holds them back from higher levels of consciousness...The wealthy aren't interested in the means, only the end."
I Love Lucy screencap
5. Average people long for the good old days. Rich people dream of the future.
"Self-made millionaires get rich because they're willing to bet on themselves and project their dreams, goals and ideas into an unknown future," Siebold writes.
"People who believe their best days are behind them rarely get rich, and often struggle with unhappiness and depression."
6. Average people see money through the eyes of emotion. Rich people think about money logically.
"An ordinarily smart, well-educated and otherwise successful person can be instantly transformed into a fear-based, scarcity driven thinker whose greatest financial aspiration is to retire comfortably," he writes.
"The world class sees money for what it is and what it's not, through the eyes of logic. The great ones know money is a critical tool that presents options and opportunities."
7. Average people earn money doing things they don't love. Rich people follow their passion.
"To the average person, it looks like the rich are working all the time," Siebold says. "But one of the smartest strategies of the world class is doing what they love and finding a way to get paid for it."
On the other hand, middle class take jobs they don't enjoy "because they need the money and they've been trained in school and conditioned by society to live in a linear thinking world that equates earning money with physical or mental effort."
8. Average people set low expectations so they're never disappointed. Rich people are up for the challenge.
"Psychologists and other mental health experts often advise people to set low expectations for their life to ensure they are not disappointed," Siebold writes.
"No one would ever strike it rich and live their dreams without huge expectations."
BarackObamadotcom via YouTube
9. Average people believe you have to DO something to get rich. Rich people believe you have to BE something to get rich.
"That's why people like Donald Trump go from millionaire to nine billion dollars in debt and come back richer than ever," he writes.
"While the masses are fixated on the doing and the immediate results of their actions, the great ones are learning and growing from every experience, whether it's a success or a failure, knowing their true reward is becoming a human success machine that eventually produces outstanding results."
10. Average people believe you need money to make money. Rich people use other people's money.
Linear thought might tell people to make money in order to earn more, but Siebold says the rich aren't afraid to fund their future from other people's pockets.
"Rich people know not being solvent enough to personally afford something is not relevant. The real question is, 'Is this worth buying, investing in, or pursuing?'" he writes.
11. Average people believe the markets are driven by logic and strategy. Rich people know they're driven by emotion and greed.
Investing successfully in the stock market isn't just about a fancy math formula.
"The rich know that the primary emotions that drive financial markets are fear and greed, and they factor this into all trades and trends they observe," Siebold writes.
"This knowledge of human nature and its overlapping impact on trading give them strategic advantage in building greater wealth through leverage."
12. Average people live beyond their means. Rich people live below theirs.
"Here's how to live below your means and tap into the secret wealthy people have used for centuries: Get rich so you can afford to," he writes.
"The rich live below their means, not because they're so savvy, but because they make so much money that they can afford to live like royalty while still having a king's ransom socked away for the future."
richkidsofinstagram.tumblr.com
13. Average people teach their children how to survive. Rich people teach their kids to get rich.
Rich parents teach their kids from an early age about the world of "haves" and "have-nots," Siebold says. Even he admits many people have argued that he's supporting the idea of elitism.
He disagrees.
"[People] say parents are teaching their kids to look down on the masses because they're poor. This isn't true," he writes. "What they're teaching their kids is to see the world through the eyes of objective reality––the way society really is."
If children understand wealth early on, they'll be more likely to strive for it later in life.
14. Average people let money stress them out. Rich people find peace of mind in wealth.
The reason wealthy people earn more wealth is that they're not afraid to admit that money can solve most problems, Siebold says.
"[The middle class] sees money as a never-ending necessary evil that must be endured as part of life. The world class sees money as the great liberator, and with enough of it, they are able to purchase financial peace of mind."
Kim Bhasin / Business Insider
15. Average people would rather be entertained than educated. Rich people would rather be educated than entertained.
While the rich don't put much stock in furthering wealth through formal education, they appreciate the power of learning long after college is over, Siebold says.
"Walk into a wealthy person's home and one of the first things you'll see is an extensive library of books they've used to educate themselves on how to become more successful," he writes.
"The middle class reads novels, tabloids and entertainment magazines."
16. Average people think rich people are snobs. Rich people just want to surround themselves with like-minded people.
The negative money mentality poisoning the middle class is what keeps the rich hanging out with the rich, he says.
"[Rich people] can't afford the messages of doom and gloom," he writes. "This is often misinterpreted by the masses as snobbery.
Labeling the world class as snobs is another way the middle class finds to feel better bout themselves and their chosen path of mediocrity."
Flickr / Wei Tchou
17. Average people focus on saving. Rich people focus on earning.
Siebold theorizes that the wealthy focus on what they'll gain by taking risks, rather than how to save what they have.
"The masses are so focused on clipping coupons and living frugally they miss major opportunities," he writes.
"Even in the midst of a cash flow crisis, the rich reject the nickle and dime thinking of the masses. They are the masters of focusing their mental energy where it belongs: on the big money."
18. Average people play it safe with money. Rich people know when to take risks.
"Leverage is the watchword of the rich," Siebold writes.
"Every investor loses money on occasion, but the world class knows no matter what happens, they will aways be able to earn more."
Flickr / Ibrahim Iujaz
19. Average people love to be comfortable. Rich people find comfort in uncertainty.
For the most part, it takes guts to take the risks necessary to make it as a millionaire––a challenge most middle class thinkers aren't comfortable living with.
"Physical, psychological, and emotional comfort is the primary goal of the middle class mindset," Siebold writes.
World class thinkers learn early on that becoming a millionaire isn't easy and the need for comfort can be devastating. They learn to be comfortable while operating in a state of ongoing uncertainty."
20. Average people never make the connection between money and health. Rich people know money can save your life.
While the middle class squabbles over the virtues of Obamacare and their company's health plan, the super wealthy are enrolled in a super elite "boutique medical care" association, Siebold says.
"They pay a substantial yearly membership fee that guarantees them 24-hour access to a private physician who only serves a small group of members," he writes.
"Some wealthy neighborhoods have implemented this strategy and even require the physician to live in the neighborhood."
Getty Images
21. Average people believe they must choose between a great family and being rich. Rich people know you can have it all.
The idea the wealth must come at the expense of family time is nothing but a "cop-out", Siebold says.
"The masses have been brainwashed to believe it's an either/or equation," he writes. "The rich know you can have anything you want if you approach the challenge with a mindset rooted in love and abundance."
From Steve Siebold, author of "How Rich People Think."
THAT ARTICLE PRETTY MUCH SUMS IT ALLL UP FOR YOU OP!
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- Oct 6, 2000
-Think differently, dont worry about what other people are doing.....
-Come up with a vision and work towards it in small steps...
-Work for yourself, dont work for anyone else....
-Come up with a vision and work towards it in small steps...
-Work for yourself, dont work for anyone else....
- 8,894
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- Dec 11, 2010
I've always heard that MOY line...
and the thing about not losing chicks chasing paper...
How true is that? somebody give me some examples of a guy chasing the paper and yambs steadily increasing.
Personal experience included... no duck tails (purpose) please.
knightlovesqueen
Banned
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Ricky the saying is quite true. I lost thousands and half of my sneaker collection in a bad relationship in 10-11. Hustling in '12 and am back on my grind now.
smh at goldiggers. smh at being a sucker. live and learn papa
smh at goldiggers. smh at being a sucker. live and learn papa
b smooth 202
Banned
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'let the game come to you'
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I'm learning.
TYE_The Time Traveler
Supporter
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Be willing to sacrifice alot and build up a thirst for knowledge, surround yourself with the things you envision and want. You have to make sure you know what you want to give yourself something to aim for, and take time out to get to know yourself, your good traits, your flaws and limitations. It will help you build realistic goals and you wont waste time on fantasy stuff or unrealistic things. Whatever money you have coming in right now doesnt matter how little it is learn to budget, i feel this is one of the most important things that people must learn. For the last couple months ive been reading just about anything that has to do with finances and money, and looking up terms i didnt understand, read and try to find as many views to different topics and see all angles. Listen to some podcast there are plently of good ones, i listen to planet money, marketplace and market place money & freakonomics pretty much nonstop and im learning so much. Im no wear near where i want to be just turned 23 last month, i can say that you have to be willing to dedicate alot and cut off alot. And also as you go on learning and understanding not just social things but just educating yourself in general and building your persona things in your life will change who you used to see things before, friends, and sometimes the way some people feel about you, but at the end of the day you have to do whats best for yourself and those close around you and build it up inside to want to do it. I realize that all i wrote may seem a little all over the place but its late as hell and writting on the iphone is not cool, but i was in the same stage not to long ago of having no real self worth and wanting to make a change to my life and those are some of the things i did and i feel alot better about myself and feel im paving my way down a nice path. Hope my rambiling was of some help.
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I'm still curious on what "wealthy" or "rich" means to NT'ers. Obviously a 6 figure salary in Manhattan is different than a 6 figure salary in rural Texas.
I believe that simply putting your self in the correct career path and living within your means results in a "comfortable" living. I personally own 2 homes appraised at $950+K total recently and have a 6 figure base salary (not bonus inflated or commissioned). I'm 31 and a college graduate. I work at a Fortune 50 company not as a "manager" or "lead" or "director". I'm saying all of this because I feel that I'm just an average joe and if this qualifies as a decent lifestyle, my advice is don't be ashamed of a blue collared consistent work approach. I never struck it rich with a novel idea, founded a company nor cut throats to rise to the top of a job. I was always conscious of controlling my costs - for instance I didn't get "back" into shoe buying (not since highschool) until recently when I was earning 6 figures fixed every year. It's not necessarily YOLO, but it's a decent foundation for my family.
good luck to all
I believe that simply putting your self in the correct career path and living within your means results in a "comfortable" living. I personally own 2 homes appraised at $950+K total recently and have a 6 figure base salary (not bonus inflated or commissioned). I'm 31 and a college graduate. I work at a Fortune 50 company not as a "manager" or "lead" or "director". I'm saying all of this because I feel that I'm just an average joe and if this qualifies as a decent lifestyle, my advice is don't be ashamed of a blue collared consistent work approach. I never struck it rich with a novel idea, founded a company nor cut throats to rise to the top of a job. I was always conscious of controlling my costs - for instance I didn't get "back" into shoe buying (not since highschool) until recently when I was earning 6 figures fixed every year. It's not necessarily YOLO, but it's a decent foundation for my family.
good luck to all
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always look for oppurtunities
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Doing what?
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I hope my motivation will lead me to get rich. God and hard work is all I need. So I give myself 15 years and by then, I plan to have a mil in the bank. Story of my life...
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