What is up, Childish Investors?😜 It's that time of the week again, where we enter the business world, curate all the shit and bring the business world to you!
🥊 Main Event of the Week
Avengers. Assemble!
COVID fucked up a lot of people this year. But some really didn’t mind it…🤷♂️ Most billionaires even added some stacks to their wealth!
Take Jeff Bezos for example. The old fella' added a sweet $13 Billion in a single day in July!
But for most of us, these past few months have been rough… And even tougher, for the 30 million people around the world at risk of dying from hunger this year.
If Billionaires were unphased by the world’s situation before, the UN food chief made sure to paint a pretty clear picture:
$4.9 Billion are needed to feed these people. And we’re counting on the 1% to save the day…
So. Are you ready to RUUUMBLE?
✅ Quick Overview
📌 Nikola founder voluntarily stepped down as executive chairman
📌 Judge halts Trump administration order of banning WeChat
📌 CDC reverses coronavirus guidance: people without symptoms do need a test
📌Chime now the most valuable U.S. consumer fintech, at $14.5 billion
📌 Epic fight over Supreme Court before Election. Trump wishes to move “without delay”
👁 Sneak peek into the future
With the world falling appart in 2020, we certainly learned that we never know what the future is made of.
The next virus, or whatever it might be, might put us in an even worse situation. And with that, people are gonna start turning to Billionaires and wonder: Are these motherfuckers really supposed to exist in times like these?
Fast forward a couple of years from now…
It’s 2022. And the government, after Trump’s presidency, becomes democrat-led. As Bernie Sanders, Joe Biden, and others implied, billionaires should “pay for our country’s shortcomings”. And pay they would, now that Biden was elected…
A few months after his elections, he began passing legislation that goes after as much as 60% of their WHOLE FORTUNE. Who’s grabbing whom by the pussy now?
And to face the hord of republican protestors, Biden had to explain: “When they reach a certain level of wealth, you just can’t consider them like normal folks. They have power… umm… and some of it…”
Well. Looks like Biden forgot his speech, so we’ll take over:
Look at them like monopolies. Governments HAVE TO intervene to create fair market conditions for everyone. But most people don’t actually realize the extent of their reach, and all the devious tricks they pull to toy with the system.
With all that money, comes the power to control the means of others to produce. And sometimes, they can undermine some enterprises whose ideas threaten their interests. By extension, they can impair innovation.
Keeping your money and stacking up on it requires a certain set of skills and knowledge that your average Joe doesn´t have. How do Billionaires do it?🤔
👶 Eat your veggies
Sneaky, Sneaky business
👉 At level 1:
Don't spend foolishly & buy assets (not liabilities)
Study your investments carefully (don’t follow the hype)
Understand taxes and explore their benefits: Not everything is taxed the same way. Reduce the amount of money taken away from you!
👉 For people who achieved God-level, options become hard to count:
Making charitable donations: Reduces their income and by extension, reduces the amount they are taxed on.
Long-term capital gains: They like to invest in stocks because in the long run, taxes are zero (depending on income)!
Managing assets like a business: Becoming their own companies, so that their expenses become deductible as operation expenses
Gift and estate deduction: Ex : Setting up multi-generational trusts, allows them to reclaim up to $11.18 million per person.
Overall, it’s mainly a combination of patience, long term vision and diversification.
🤯 FACC!
Hitting Rock Bottom
In 1975, Gary Dahl made the sound observation that dogs and cats ruined furniture and required constant attention.
His solution to the problem: pet rocks 🤦♂️
But don't be too quick to judge. Cuz' what initially started off as a joke, eventually turned into a multi-million dollar company! See, Dahl stuck with the idea and went all the way. His struggle to pay off his bills at the time drove him to heights no one could have expected...
Never underestimate an ambitious man who's got nothing to lose.
Thanks for reading, guys. We really hope you enjoyed it! 🙂
Tell us what you thought by replying! And Stay Tuned for a lot more amazing content!
- Ryan & Zak
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Twitter >> @ChildishInvest