Becoming Rich

BananaRepublic

grey_gym_sock wrote: »

(i'm not sure that is what das kapital is about, BTW, but of course i'm too lazy to read it myself )

It's pseudo intellectual nonsense which unfortunately has been taken as fact by far too many people.

BananaRepublic

bowlhead99 wrote: »

If you record a top music single or appear in a movie you can often get paid a fee for doing it and also have an ongoing residual income where you keep getting paid when people keep using your work, "after the initial effort has been expended" on your part.

He rather confused matters by then immediately giving four examples under his heading of residual income, none of which met his definition (rental income, savings interest, bond interest and p2p investment profits). They would instead fall under a broader category of "passive income" such as as interest, dividends, rents and royalties, where generally you own something of value (like company shares, loans, land and buildings, intellectual property, or a pile of cash in a bank account); you charge someone to use it and sit back passively while the cash rolls in.

Seems like OP is really just looking for a way to make his life easier by getting paid every day without working for it himself every day. I guess that's something we'd all like to do, and is generally what allows most people to retire in the end after 30-40 years of working and building assets.

But OP thinks you would be a mug to work productively fur 30-40 years when you can instead have an easy life by getting loads of passive income instead. Unfortunately he doesn't have any significant cash to invest, nor much in the way of unique skills. So, unable to find a "way out" of the rat race in his early twenties by coming up with his own ideas, he is looking for advice / discussion to help him get the cheese early.

The problem is that if there was an easy way to do it (other than through hard work or being lucky or "coming up with your own ideas") we would all be doing it and so relatively speaking there wouldn't be any more cheese to go around for those of us who didn't want to do the hard work / being lucky thing, didn't have our own ideas, and didn't have capital to invest in the ideas of others.

So it's a way to generate long term income with no work once it is set up. Now why didn't I think of that, that's what I need. This really is a trollish thread isn't it?

Zola.

Just wanted to say you can save a whole lot of money by not going to China to learn Kung Fu, a martial art that is only practical and useful in Hollywood films.

Malthusian

grey_gym_sock wrote: »

(i'm not sure that is what das kapital is about, BTW, but of course i'm too lazy to read it myself )

Long story short: Capital is labour. If you find this confusing, it's because you haven't yet realised that black is white. Wibble wibble wibble, the end.

armchaireconomist

I've a tried and tested method, PM me for more info.


You will need:


- Life insurance
- Doting wife
- A canoe


Your move...

armchaireconomist

Also, you want to become rich and live off investments but you haven't 10k to put in a bond... I suggest you keep working...

seacaitch

Like a bunch of others I have what the OP seeks: financial resources that make working unnecessary.

All it took was education, graft, a bit of nous and some deferred gratification.

Other routes are available of course, but for most people the seeking of quick-fix moonshots is not recommended because unless you're extraordinarily savvy or lucky they will only make you poorer.

Malthusian

I would be interested to know why the OP wants to study kung fu in China. Kung fu in China is the same as kung fu everywhere else, and the UK has thousands of quality martial arts gyms. China has never (to my knowledge) produced a world champion in mixed martial arts or boxing in any weight division - only in martial arts which only the Chinese practice. This is not to denigrate Chinese martial artists, it just makes it an odd choice for a Westerner who wants to learn how to fight.

If the OP wants to go to China because he thinks that learning martial arts in the UK involves years of painstaking practice, weightlifting and lung-bursting cardio whereas learning martial arts in China involves a one-minute montage of sitting under a waterfall with a wizened old dude and breaking a few planks and then you leave the monastery as a kung fu master, he should think harder.

Gadfium

Malthusian wrote: »

he should think harder.

Without wishing to sound overly cruel, but I think that you've identified the OP's main problem here.....

Pincher

grey_gym_sock wrote: »

(i'm not sure that is what das kapital is about, BTW, but of course i'm too lazy to read it myself )

https://pervegalit.wordpress.com/2009/01/24/das-kapital-the-movie/

Alexander Kluge’s nine-and-a-half hour long film of Marx’s “Kapital” is not a minute too long says Helmut Merker

I managed to not read War and Peace, and saw the BBC production about a year ago, so the wait for the movie thing really does work.