hi biz, im in a very theoretical electrical engineering phd program
when i graduate i am essentially guaranteed a well-paying job, making the big bucks
well, really the medium bucks.
you can do well as an ee, but not well enough to propel you out of the middle class.
over the last year and a half ive managed to save like 3000 dollars worth of the life support they give me.
how do i use this to start a side project & get rich
what are the big ideas
There are 5 ways to get rich, in no particular order:
1. Develop real estate
2. Start a business and take it to the IPO/franchise stage
3. Leverage your money in the stock market
4. Crate something that gets popular (invention, artistic, whatever)
5. Become a celebrity
Every rich person I can think of (that didn't inherit it) did one or more of these
>>1095604
4. Create something*
>>1095604
Celebrity would be the worst. Not likely to get mega rich unless you pull a Dr Dre and it's probably the hardest to become.
My brothers an actor and I'll never understand why, dudes always having to borrow money from me.
>>1095604
as far as #2, how do you identify a good idea?
>>1095614
I'm an actor and I never borrow money from anyone. Your bro sounds like a deadbeat
>>1095619
The thing is most products today are commoditised out of Asia, nobody is making significant profit because everyone else is selling the same shit for cheaper.
So you need one of two things when starting a business, either a disruptive technology that will allow you to outcompete a flooded marketplace, or you need to find a very niche market that cannot support a lot of competition
Easy!
Climb the goddam ladder of finance!
bonuses mother fucker BONUSESSSSS
>>1095621
> I need attention
topkek
>>1095619
Tell 10 friends. If none of them tells their friends, it's not a good idea.
>>1095604
That's essentially 3 things
1. Get rich off of your business
2. Get rich off your career
3. Get rich off gambling
Those 3 ways (plus 4. inheritance) are the only ways to get rich.
