Business vs Employment

[Supreme Donvic]

In my view, your story speaks less about financial management and more about access to insights and making the right decisions at the right time in the right place. We do not know how much management actually helped in those cases, because the way you described the story does not suggest any particular managerial decisions from those people. They simply possessed certain information and had access to the necessary tools, and they successfully made use of both.

There's a saying: "Whoever controls information controls the world." Therefore, it's important not only to be in the right place at the right time, but also to have specific information that you can apply correctly. It's not always just about money.

I knew someone who had a very sharp mind, and with it, he could easily make money practically out of thin air, without any particular effort. He had the talent of a genius.

True, if you have quality and specific information on how to become rich or make money you will actually become successful the reason why some people are still poor today is not because they don't have what it takes to give them money but they don't have the right information when you have the right information everything will be easier for you there are a lot of way to make money right now but because some people don't have the information on those areas that they can make money effortlessly that is why they are still poor if they can get the right information they will start making money and become successful, this is to tell everyone how important having the right, quality and specific information are.

[justdimin]

It must be acknowledged that the world's richest people are entrepreneur, and their wealth is closely tied to their businesses

However, there are still many other wealthy people around the world who do not own businesses. Many people become wealthy by working in high paying fields or for prestigious companies. Or many people become wealthy by accumulating assets over the long term and making sound financial decisions

There are no limits and many paths to becoming wealthy, it all depends on each person's abilities and the choices they make. We should not limit ourselves by thinking that owning a business is the only way to become wealthy.

Yeah, "networth", not money. That is not the money in their bank account, rich people have no money, in fact, you and I probably have more money than plenty of billionaires in bitcoin alone. Now you may feel shocked about it, because after all, they must have at least few thousand dollars, right?

Well, most of them don't, they actually have zero, like literal zero, because they do not keep cash in their bank accounts. They have line of credit instead of that, and they take out whatever they want out of it. So there is no scenario where they ever get cash into their accounts for any reason. You need a business ,a person, like something, to send money to your account to have cash, where would they get cash?

[Crypto_Timothy]

Well although most millionaires and billionaires are business owners, I still believe there are high-paying jobs that can make someone a millionaire or even a billionaire. Most of the wealthy business owners we see today started by working for someone else before they were able to find their footing and build their own businesses. A well-paying career can provide the capital, experience, network, and industry knowledge needed to create wealth over time.

But then business ownership often offers greater potential for scaling wealth because your income is not directly tied to the number of hours you work. While a high-paying job can make someone financially successful, combining professional expertise with investment is  what takes people from being comfortable to becoming truly wealthy in this life.

[AmoreJaz]

I knew someone who had a very sharp mind, and with it, he could easily make money practically out of thin air, without any particular effort. He had the talent of a genius.

I am always skeptical of such stories, because I simply do not believe that you can make money out of nothing. Everyone has heard of such masterminds, and it's cool to watch movies or read books about them, but in real life, this just doesn't happen. It's more likely that these people are simply shrouded in myths that either they build about themselves or others spread about them. But we don't fully know the inner workings of this process: what is actually going on behind the scenes or what specific actions the person is taking. Therefore, it might look that way from the outside, but it is an impression based on ignorance and speculation, not on the actual state of affairs.

I also don't believe in such. For sure, they are doing some 'miracles' behind. Because no one can just earn money out of thin air. So how can they get such money without effort? You will wonder why.

[fruktik]

I also don't believe in such. For sure, they are doing some 'miracles' behind. Because no one can just earn money out of thin air. So how can they get such money without effort? You will wonder why.

Why don't you believe it? Here's a simple example from real life. Where does a database containing the personal data of a huge number of people, say, from a bank or organization, come from online? The employees themselves sell this information for money. Did they do any physical work, or even mental work? No, they took advantage of the situation and decided to make a buck. And there are millions of such cases worldwide.

For example, these are the same info-businessmen who sell empty information that can easily be found online with a little digging. Surely this isn't true?

[Peanutswar]

That's how society, family wealth, and network work. If you came from a society that has a good government and not full of corruption, you can start a business on your own and at the same become an employee of your own business of course once gets expanded, you can now sit at the table for the whole day and let the business generate an income for you. If you came from a wealthy family, you will just got an inheritance to manage the business and work with the business itself all you need is to grow more the company. But if you dont have these all you need is to have a good communication skills and network with other people sometimes others really can help you to grow and leave the life 8 hours of work and willing to take step up for your better future.