/biz/ - Business and Finance

ignorance is a choice, and the world's a lot simpler than most people think. Why'd you choose finance? For money?

I believe it's appropriate to think of money as a cult; historically the accepted medium of exchange was a hard standard outside of human control, the best example of this being gold. But since a centralized organization has taken it upon themselves to be the sole regulators of our paper money and who gets what, it very much is a small group of exalted individuals who manipulate and dilute the money supply for the benefit of their own endeavors (they get to spend printed money first, before inflation takes effect), which comes at the expense of society as a whole. This is not a fair system we live in.

Just realize the world won't hand you anything, and it's a lot more biased than most people understand. If you can remain rational in this coldly biased world while still retaining your motivation to succeed, you'll do fine. If instead you rely on other people to make your decisions for you, you'll wind up taken advantage of and worse off in the end. This includes most financial advisors and government programs (people who put money into a 401k are going to find their portfolio worth less than they assumed/were told it'd be, in the long run.)

For fucks safe, just save your money! Buy silver.

Save money. Make WISE investments, and know where your money is. That's literally all it takes. You could be a cashier or the Fed chairman, if you don't build a nest egg the world will fuck you.

>>977

Everything this guy said, especially about college. If you're not motivated enough to build a portfolio on your own, you've no business going to college.

Fun fact, the government is so eager to give out student loans not because it improves the prospects of its citizens, but because it gives them a HUGE asset to help improve its credibility. When you are the creditor of debt, that debt is marked as an asset in your balance sheet. Our government is effectively insolvent. Having a trillion+ dollars worth of interest-bearing, non revocable debt helps it retain its credibility.

People going into debt to their own GOVERNMENT are effectively becoming serfs, or indentured servants. We're living in awfully fucked up times, we have the technology to keep our asses alive but not the dignity to live in peace. Be aware of what you're getting yourself involved in; letting other people dictate your future for you means you'll be serving them, plain and simple. Be the dictator of your own existence.

Rule No. 1: Life is not fair. Get used to it. The average teen-ager uses the phrase "It's not fair" 8.6 times a day. You got it from your parents, who said it so often you decided they must be the most idealistic generation ever. When they started hearing it from their own kids, they realized Rule No. 1.

Rule No. 2: The real world won't care as much about your self-esteem as much as your school does. It'll expect you to accomplish something before you feel good about yourself. This may come as a shock. Usually, when inflated self-esteem meets reality, kids complain that it's not fair. (See Rule No. 1)

Rule No. 3: Sorry, you won't make $40,000 a year right out of high school. And you won't be a vice president or have a car phone either. You may even have to wear a uniform that doesn't have a Gap label.

Rule No. 4: If you think your teacher is tough, wait 'til you get a boss. He doesn't have tenure, so he tends to be a bit edgier. When you screw up, he's not going to ask you how you feel about it.

Rule No. 5: Flipping burgers is not beneath your dignity. Your grandparents had a different word for burger flipping. They called it opportunity. They weren't embarrassed making minimum wage either. They would have been embarrassed to sit around talking about Kurt Cobain all weekend.

Rule No. 6: It's not your parents' fault. If you screw up, you are responsible. This is the flip side of "It's my life," and "You're not the boss of me," and other eloquent proclamations of your generation. When you turn 18, it's on your dime. Don't whine about it, or you'll sound like a baby boomer.

Rule No. 7: Before you were born your parents weren't as boring as they are now. They got that way paying your bills, cleaning up your room and listening to you tell them how idealistic you are. And by the way, before you save the rain forest from the blood-sucking parasites of your parents' generation, try delousing the closet in your bedroom.

Rule No. 8: Your school may have done away with winners and losers. Life hasn't. In some schools, they'll give you as many times as you want to get the right answer. Failing grades have been abolished and class valedictorians scrapped, lest anyone's feelings be hurt. Effort is as important as results. This, of course, bears not the slightest resemblance to anything in real life. (See Rule No. 1, Rule No. 2 and Rule No. 4.)

Rule No. 9: Life is not divided into semesters, and you don't get summers off. Not even Easter break. They expect you to show up every day. For eight hours. And you don't get a new life every 10 weeks. It just goes on and on. While we're at it, very few jobs are interested in fostering your self-expression or helping you find yourself. Fewer still lead to self-realization. (See Rule No. 1 and Rule No. 2.)

Rule No. 10: Television is not real life. Your life is not a sitcom. Your problems will not all be solved in 30 minutes, minus time for commercials. In real life, people actually have to leave the coffee shop to go to jobs. Your friends will not be as perky or pliable as Jennifer Aniston.

Rule No. 11: Be nice to nerds. You may end up working for them. We all could.

Don't go into business with friends/family

The saying is often brushed off with a "well THOSE OTHER PEOPLE JUST WEREN'T GOOD ENOUGH FRIENDS" excuse, but this is untrue.

Some people can succeed at going into business with friends and family, these people usually have business degrees or are well researched on management or have management experience, or have been doing business with family for generations

These exceptions exist, and you probably aren't one of them.

Your friendship will halt your ability to interact professionally and hold each other accountable in business, and you could end up in a position where you feel you are walking on eggshells to get even the most mundane task done.

If you come out of a business venture even still talking to a friend you went in with, you are probably lucky, chances are you will hate eachothers guts.