| ▲ | taurath an hour ago | |
Just start a small business, or build wealth through real estate is a take that indicates some severe divorce from the reality of poverty in America. You need both capital (which folks don’t have access to) and the ability to absorb risk (which folks don’t have access to). Similar advice is in the vein of just stay with your parents for free, have a relative invest $50,000 in your business to start it up. This runs counter to your internal narrative as a self made person I’m sure, but have you ever worked for 40 hours a week and not had anything left after paying for your share of rent, food and utilities? This is the reality that doesn’t seep into forums like this, where the majority is wealthy, college educated, and broadly privileged in some way either through exceptional talent or background. > let's not have any low-effort comments claiming that there are no good jobs available in those places I will bite - homeownership is indeed higher in the rust belt, but many folks struggle to find jobs that meet the median without giving up their health and bodies, if they can find steady work at all. | ||
| ▲ | jcranmer 33 minutes ago | parent | next [-] | |
Upward mobility still occurs in the US, at all levels. While the advice is difficult, almost impossible, for most to apply, it is sometimes applicable. One of the main issues is that a lot of advice is presented as an unconditional, absolute guarantee to success. A college degree was never a guarantee of future success (contrary to great-grandparent's assertion), but the push to get everyone to get a college degree has rendered its utility as a helpful marker much more useless. Similarly, the ability to start your own business is difficult for most people, but even for poorer individuals, it is possible to start, say, a cleaning service with very little assets. (At the same time, such businesses are unlikely to make a whole lot of money at the end, but you might be able to move from working class to middle class, e.g.). A lot of contractor businesses--your plumbers and the like--are going to be from the lower middle class or middle class, and you can make some good money there, although that is also likely to be at the cost of your health much sooner than you expect. | ||
| ▲ | nradov 30 minutes ago | parent | prev | next [-] | |
If you try hard enough you can always find a plausible sounding excuse why failure is inevitable. And yet on Saturday at the neighborhood Independence Day party I met a guy who immigrated from Ukraine about 25 years ago with no money, no college education, no family support, and no English language skills. Instead of complaining he just went to work and while not exactly wealthy he's now doing fairly well as an electrical contractor. Life is usually a struggle. No one should expect any different. | ||
| ▲ | giantrobot an hour ago | parent | prev [-] | |
I don't know what you mean, I mean I made a million dollars with only a small hundred million dollar loan from my dad! This sort of entrepreneurship is available to anyone in America.¹ ¹ Terms and conditions apply. | ||