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. So for me, there's no free money in this world as you need to work on it. If someone does, doubt his claim.

[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.

[HelliumZ]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

How much can you earn by working under someone else, based on the income you will become a millionaire or a billionaire. If you work under someone else, then at the end of the month you will only get a fixed amount of salary, but if you establish a business, then at the end of the month the profit you earn on the business is all yours. A fixed salary and an indefinite income can never be the same, that is why I have never seen anyone who has become rich by working under someone else, rather I have seen a businessman become very rich with a small capital.

[JoyceBTC]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

The answer is simple, an employee has limited pay when it comes to wages which limits their capital growth as compared to a business that has no cap of how much it can bring even though it can have its ups and downs or rather no good business periods.

And btw, being an employee doesn't get you to rub shoulders with the whales because it's the boss that will be representing the company when that time comes.. meaning your influence as an employee is limited and only way to breakout of that cocoon is to be your own boss .

An employee has limited time and access to meeting different people who could also connect him or her to other good job opportunities just like business owners would have time to move around to connect to different people with different business ideas which could be helpful to his growth in business and also give him more contract to keep expanding his business. An employee will just depend on the salary which depends on the choice of the employer to increase with no job security guaranteed.

Of course an employee has no influence in the company since there is always a replacement for him if he or she tries to act funny, the boss controls everything there is no way he will be giving an employee the chance to raise shoulders with him that will not happen.

[Minor Miner]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

How much can you earn by working under someone else, based on the income you will become a millionaire or a billionaire. If you work under someone else, then at the end of the month you will only get a fixed amount of salary, but if you establish a business, then at the end of the month the profit you earn on the business is all yours. A fixed salary and an indefinite income can never be the same, that is why I have never seen anyone who has become rich by working under someone else, rather I have seen a businessman become very rich with a small capital.

But there is an interesting fact: most of today's billionaires were employees before starting their own businesses and building their careers. They did not start their journey by going into business right away. Instead, they work for others, learning, accumulating experience and capital before starting their own businesses.
Working under someone else may not give you the chance to become a billionaire. But you should not underestimate it because it will be the foundation upon which you build everything later.

My question to you and OP is, have you ever seen a billionaire who got rich by starting a business from scratch with no foundation at all?

[laspol65]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

A job is a contract job, how do you want to get rich by working on a contract? You have to fulfill your needs with the money you get in this contract, you have no opportunity for additional income. So you can never get rich by working on a contract unless the owner of that job gives him half of his wealth? Otherwise, it is never possible to get rich, because there will be more demand than the amount of money you earn, so you can never get rich by working.
But if you do business, you will have a huge income, you will have a sufficient amount of income. You will be able to earn more than your needs, you will definitely be able to get rich from the fruit business.

[Unknown Op]

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?

You are absolutely right. People are taking advantage as they can And they are misusing many things and poor people are poor because they want to earn money legally and that way they can't be successful in a short time. If you want to earn money in a short time you want to take short cut and that is not natural way to be successful in life and business is making a people rich and not an easy way to be rich because you need to be passionate with your work which you are doing and you are not getting the money as you expected but you are stick to that and in the future you will earn more money and you will be stable in life And family will be feel proud by watching you because you started with small .

[ZAINmalik75]

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.

You first said that you believe there are high-paying jobs that can make someone a millionaire or even a billionaire, and then you said it yourself that a good paying job will provide the person with a capital, network, and experience for someone to create wealth, which proves that wealth cannot be made through employment, but you can only put together a capital, gain experience, and make contacts that can help you in building and creating businesses that then can potentially make you a millionaire and then a billionaire.

No matter how much a job pays you, you cannot become wealthy by only staying employed, and you will need to use the extra money you are earning to do something on the side if you actually want to make generational wealth. Let me also remind you that being rich and being wealthy are too different things. A good job might eventually make you rich if you are making way more than you actually need, but to convert that richness into wealth, you will need to do something on your own apart from working for someone else.

[GIF-JOBS]

Why is it that most millionaires or billionaires come from businesses? I rarely see someone who made immense wealth through being an employee under a company. Most people get employed, save up, invest in businesses and get rich. But no one actually becomes untouchable rich just by being an employee. What are the reasons for this?

How much can you earn by working under someone else, based on the income you will become a millionaire or a billionaire. If you work under someone else, then at the end of the month you will only get a fixed amount of salary, but if you establish a business, then at the end of the month the profit you earn on the business is all yours. A fixed salary and an indefinite income can never be the same, that is why I have never seen anyone who has become rich by working under someone else, rather I have seen a businessman become very rich with a small capital.

The best way to get rich is never to have a job but to do business, only then can we get rich the fastest. Through a job we only get a certain amount of money, which we always have to spend in the same way and in a planned way, and with that we can do nothing for the future. So the best way is to invest and do business, you don't have to quit your job, rather you keep your job and do a business and investment along with the job, think about the future. If you earn a certain amount of money and spend it all in a planned way, our future will never be secure.

[Cheema02]

A job is a contract job, how do you want to get rich by working on a contract? You have to fulfill your needs with the money you get in this contract, you have no opportunity for additional income. So you can never get rich by working on a contract unless the owner of that job gives him half of his wealth? Otherwise, it is never possible to get rich, because there will be more demand than the amount of money you earn, so you can never get rich by working.
But if you do business, you will have a huge income, you will have a sufficient amount of income. You will be able to earn more than your needs, you will definitely be able to get rich from the fruit business.

Through business you have opportunities to build wealth but its not possible with fixed sallery. The reason is that with successful business we financially more grow with time and becomes able to make a huge amount of wealth. Its also wrong to say that no body becomes rich with salary because many professionals like doctors and engineers no doubt they earn a lot of money and if they use this money wisely and invest its with proper knowledge they financial grow very much. Along profit business have a lot of risk of loss. But on the other hand job gives you financial stability and security. So for some individuals job is best and for brave people business is best carrier opportunity.

[ChocolateBitcoinK]

A job is a contract job, how do you want to get rich by working on a contract? You have to fulfill your needs with the money you get in this contract, you have no opportunity for additional income. So you can never get rich by working on a contract unless the owner of that job gives him half of his wealth? Otherwise, it is never possible to get rich, because there will be more demand than the amount of money you earn, so you can never get rich by working.
But if you do business, you will have a huge income, you will have a sufficient amount of income. You will be able to earn more than your needs, you will definitely be able to get rich from the fruit business.

Through business you have opportunities to build wealth but its not possible with fixed sallery. The reason is that with successful business we financially more grow with time and becomes able to make a huge amount of wealth. Its also wrong to say that no body becomes rich with salary because many professionals like doctors and engineers no doubt they earn a lot of money and if they use this money wisely and invest its with proper knowledge they financial grow very much. Along profit business have a lot of risk of loss. But on the other hand job gives you financial stability and security. So for some individuals job is best and for brave people business is best carrier opportunity.

This is why it is better for us to move forward together in both areas. For those who only work, it is not difficult or impossible to do business along with a job, it is possible if you want. The job will continue to support you as it has been giving you from the beginning, but with it you have to start a business or investment with some risk, it is not a problem if you lose at first, it will give you experience, but after that you can start better. So do not be limited to just one job but learn to take risks, take a chance, a bold starting step can change your life.

[Rabata]

A job is a contract job, how do you want to get rich by working on a contract? You have to fulfill your needs with the money you get in this contract, you have no opportunity for additional income. So you can never get rich by working on a contract unless the owner of that job gives him half of his wealth? Otherwise, it is never possible to get rich, because there will be more demand than the amount of money you earn, so you can never get rich by working.
But if you do business, you will have a huge income, you will have a sufficient amount of income. You will be able to earn more than your needs, you will definitely be able to get rich from the fruit business.

Through business you have opportunities to build wealth but its not possible with fixed sallery. The reason is that with successful business we financially more grow with time and becomes able to make a huge amount of wealth. Its also wrong to say that no body becomes rich with salary because many professionals like doctors and engineers no doubt they earn a lot of money and if they use this money wisely and invest its with proper knowledge they financial grow very much. Along profit business have a lot of risk of loss. But on the other hand job gives you financial stability and security. So for some individuals job is best and for brave people business is best carrier opportunity.

This is why it is better for us to move forward together in both areas. For those who only work, it is not difficult or impossible to do business along with a job, it is possible if you want. The job will continue to support you as it has been giving you from the beginning, but with it you have to start a business or investment with some risk, it is not a problem if you lose at first, it will give you experience, but after that you can start better. So do not be limited to just one job but learn to take risks, take a chance, a bold starting step can change your life.

It is better to rely on a multi income rather than relying on one job because it is very difficult to survive in the current time with one income. Those who have a multi income can be said to be safe. A job can definitely be a safe means of managing your life because it gives a person security along with regular income opportunities. However, when someone does business along with a job, he can earn an additional source of income.

Just as a job provides financial security to a person at a time when someone wants to become a new entrepreneur, a job also acts as a safety net for a person. That is, if someone takes up any other venture along with a job, it can be more secure for him. If a business fails during this time, it can be considered as a learning opportunity rather than a failure.

An investor should also remember that not everyone's financial situation is the same. Therefore, before taking a risk, one should consider the situation at that time and take a decision so that one does not have to accept any such bad situation later. However, of course, limiting oneself to one income seems risky in many cases. Therefore, it is better to take the right decision at the right time according to one's ability.

[eightdots]

A job is a contract job, how do you want to get rich by working on a contract? You have to fulfill your needs with the money you get in this contract, you have no opportunity for additional income. So you can never get rich by working on a contract unless the owner of that job gives him half of his wealth? Otherwise, it is never possible to get rich, because there will be more demand than the amount of money you earn, so you can never get rich by working.
But if you do business, you will have a huge income, you will have a sufficient amount of income. You will be able to earn more than your needs, you will definitely be able to get rich from the fruit business.

Through business you have opportunities to build wealth but its not possible with fixed sallery. The reason is that with successful business we financially more grow with time and becomes able to make a huge amount of wealth. Its also wrong to say that no body becomes rich with salary because many professionals like doctors and engineers no doubt they earn a lot of money and if they use this money wisely and invest its with proper knowledge they financial grow very much. Along profit business have a lot of risk of loss. But on the other hand job gives you financial stability and security. So for some individuals job is best and for brave people business is best carrier opportunity.

There are people who earn high salaries, and many of them are wealthy. Money can be earned and wealth achieved through trade, and wealth can also be attained through high salaries. In these examples, the important factor is the amount of money earned. Therefore, the type of work you do is important, but it's possible to become wealthy both with a fixed salary and through trade.

One of the most important factors distinguishing these processes is additional income, because people who have the opportunity to earn extra income tend to have better financial situations. For someone working with a fixed salary, earning extra income offers many advantages.