The Biggest Myth About Becoming A Billionaire (Debunked)
ฝัง
- เผยแพร่เมื่อ 7 ก.ย. 2024
- Ash Sarkar unlocks the secrets of billionaire success that the Fortune 500 don't want YOU to know. Hustle, grind, and mental fortitude? Nah. It's exploitation.
_________________________________________________________
Subscribe to Novara Media on TH-cam ⇛ novara.media/yo...
Support our work ⇛ novaramedia.co...
Buy our merch ⇛ shop.novaramed...
Send us BTC ⇛ 1EtbqDDij5uT3jnAR5ihFqF3kJA5YZN1i
![[TH] 2024 PMSL SEA Finals D2 | Fall | ต้องรักษาฟอร์ม อย่ายอมให้ใครแซง](http://i.ytimg.com/vi/x38QsGn7A3M/mqdefault.jpg)
Every billionaire is a policy failure.
nicely put Statueface!
It is a by product of capitalism.
Socialist countries don't have them.
I have listed economically viable socialist countries below:
.....
End of list
@@watfordgap6737 Here's an idea: instead of me bothering to spell out why you're wrong - and you are wrong about obscene wealth being a by-product of capitalism - why don't you have a think about it and try telling me why you're wrong? Bonus points if you can come up with some reasons why your standard anti-socialist talking point wouldn't even be relevant if it were true.
How do you work that out ?
@@watfordgap6737
Well actually you’re completely wrong because there was this Anarchist Spanish State which lasted for about a few years before it got fucking destroyed by Franco so you know let’s reorganise our whole economy based around this.
Seriously though, can’t people realise that capitalism is good but doesn’t solve everything. Just tax people and redistribute. Otherwise you‘ll end up with centralised planning nightmare or market socialism which is the National Bolshevism of Econ.
The phrase "self-made" when used in reference to the rich honestly just makes my skin crawl
After Eton and Oxford, I just naturally fell into a really well paid CEO job.
It's like when that Kardashian was all "first self made billionaire under however old she was", I'm sure coming from a massively famous family with huge amounts of wealth and connections played no part in it what so ever.
@@goodlookinouthomie1757 the only people who can ever genuinely claim to be self made are those who have managed to drag themselves out of literal poverty and destitution through their own hard graft and despite a system rigged against them
@@goodlookinouthomie1757 Sorry, I didn't really articulate what I meant well; what I was trying to say really is that unless someone genuinely came up from complete poverty entirely through their own work, we all to some extent benefit from living in a society in which our collective efforts greatly improve productivity and efficiency, although the system is set up to benefit the already rich considerably more. Success is a product of the extent to which one has benefited from this system, luck, and of course hard work and intelligence, and I can respect anyone who has worked hard for what they have, especially if they came up from a disadvantaged part of society. This whole 'self-made' person thing really irks me though, as it is almost always just invoked by those who have benefited most from the capitalist system, luck, and from exploiting the hard work of others, and often seems to be used as an excuse for ignoring that and shirking the responsibility to give back to the wider community who elevated them to that position
@@robertwinslade3104 what about jk Rowling?
Low wages and high rent, totally screwed in all directions.. It will not last..
@@uttaradit2 In its current form, no it has not... It will either fall by the will of the people or by the collapse of this extreme form of exploitative capitalism.. Either way it will collapse in the next 10 years...
@@uttaradit2 Late stage capitalism has not been around for 400 years. 400 years ago, we had a monarch "appointed by God". Now we have hundreds of practical demigods walking around with the power to shape the world as they see fit. And they AREN'T benevolent gods.
@@uttaradit2 The people just have to stop endorsing it, simples.. No gun shots required... Call me when you make your first billion..
I''ll never become a billionaire, and you're right Ash, I wouldn't want to either. Happiness and fulfilment does not come from having power over others.
Bezos and others are psychopaths. Any normal person would get great pleasure from providing a thriving wage and pleasant work environment to their employees. He could but he chooses not to.
I would like to be a billionaire.
I would finally have some power to maybe fix some things and have an impact beyond my immediate surroundings.
Spending a billion for an education campaign to educate people on these things could change the world.
But all I get to do is write TH-cam comments 😢🤣
@@Youbetternowatchthis You can still help change the world, one little TH-cam comment at a time 😉
@@Youbetternowatchthis By the time you've made your billion, you've already convinced yourself that you're deserving of the money.
"The system works fine. It must work fine, because it worked for me." Is a form of survival bias... and its the attitude that will keep us locked in this capitalist hellscape.
I've been saying for many years now that billionaires are no good for any economy .
They amass to much wealth and power they start interfering in politics , you end up just like America with disaster capitalism .
Not only that, it prohibits redistribution and circulation of cashflow.
Thanks for the reply and yes you are absolutely correct in what you said .
There are many other reasons also but these are the times we're living and it's just not fair for millions of people .
Actually I'm ok with millionaires it's billionaires who are the problem .
Did you know the richest 1% own 50% of the wealth , this cannot be right in any sane society .
@@jimmy2minutes LOL did you even watch the video? Your belief is - IQ
Im working on getting my parents to be billionaires so that I can inherit their wealth. How long will that take on a state pension?
Then you can be a self made man/woman!
Interesting question : if you cryogenically freeze your parents, are they legally dead? Can they just keep collecting a pension? And can you manage their affairs since they are demonstrably not competent to do so, as meat popsicles?
How frustrating! They're probably just sitting around all day as well.
@@drbarnowl Eehh, I don't think that's a good idea, the cryo equipment and the energy bills would probably eat away more than the pensions are worth...
@@blede8649 Damn cross that one off my life goals then...
"money won't make you happy" - rich people
@@piccalillipit9211 listening to my neighbours arguing about how long their shifts are, how little they earn, how he'd had to sell his stuff to pay for food.. i've a feeling money might not make you happy.. but it would defo easy the pressure for a lot of people.
Having no money don't make you happy either
@@piccalillipit9211 hi piccalilli, i've never been sold that lie.. maybe thats why i'm not a millionaire cos i learned early on that dream doesnt make you happy. what did you do with all your millions in the end.?
@@piccalillipit9211 blimey, now that's a book i'd like to read.. I wouldn't have said you wasted 25 years though.. it's all an experience isn't it.. I still feel remove the poverty and you'd ease the burden on so many people.. which would indirectly increase their happiness.
It's true though, money won't make you happy.
Enough money to feed and shelter yourself will remove a lot of misery though.
Very well done, truth with humour and charm.
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
Good job. What we the 99.9% have to realize is that we are being divided and ruled.
Forget party lines, skin colors or country borders and focus on what matters:
Who get access to vital resources. Who gets to work for them. And who gets to pay to keep the system running.
The numbers tell a clear story. We have to wake up fast. Time is running out.
ash has unlocked the sigma grindset
haha literally my comment before they deleted it and reuploaded it.
Ash, u are so beautiful !
Because the rich don't mind losing to the rich, but not to the poor.
Yep, you just have to look at how many stock-brokers responded to the whole Gamestop fiasco. Never mind the fact that most of the money the hedge-funds lost actually just went to other hedge-funds, and loads of ordinary people lost money too, just the fact that some ordinary, less well off people had played a part in disrupting the market and made money off it sent loads of rich stock-brokers and hedge-fund managers into an elitist frenzy, with many suggesting implementing measures intended to limit the ability for regular people to trade stocks
Hence austerity. A decade of the rich dealing with the rich without interruption from the poor.
Wealth hoarding is akin to theft. As the wealth is extracted at the top the people at the bottom have to work that much harder to replace the money that would otherwise be circulating in the system.They get richer, we work harder for less services and a decreasing standard of living and freedoms.
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
So many things have to be said here.
There are two types of billionaires - One is the tech (Bezos or Musk or Branson) and the other is from those who draw salaries.
Jamie Dimon and Sundar Pichai are rare examples of the second kind. And you’re right, it’s almost impossible to become a billionaire by having a 9 to 5.
The first kind are billionaires because they have built robust businesses of SCALE - Amazon runs the largest distribution network on the planet, Google has the largest information network and so on and so forth.
I don’t thing tech billionaires “take” from anyone or steal or exploit. Yes Bezos can pay his workers more but he’s not legally obligated to.
Financial arbitrage actors are the worst since they gamble with other people’s money with NO SKIN IN THE GAME.
Yes a billion dollars is a LOT of money but as long as they don’t steal from anyone it’s fine.
The ad I got after this video? Marijuana penny stocks in Canada. Broken society indeed.
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
44 billionaires disliked this video.
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
Oligarchs. One thing that is super hilariously unfair... is when you see big landowners that own a ton land in big cities like New York and the like, that build big apartment buildings on it and rent that out... making a killing in the process... only get richer the more expensive living space becomes. They then put that land into a trust... then the family takes loans that the trust pays off... and bam tax evaded.
Also, most Billionaires are not "self made"... in most cases what they do is misuse workers they hire by paying them the absolute minimum they have to pay them so they not quit... but never paying them what they could pay them. The "saved" money is then kept or reinvested into the company... that's what make them rich.
3:45 I could not have said it more to the point then this.
And oprah wouldn't have become one unless someone decided to select her.
Good people never make it big in this world.
Even by your standards Ash, this is a bloody good video :}
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
A nice small house or flat, money for food and bills, some money for travel and some money for events or a little essential retail. Just enough to live comfortably should be enough. Sadly that’s never going to happen as it’s impossible to find work and the governments won’t tax the super rich in order to make sure everyone has a comfortable life, or do anything about the exploitation. Also I absolutely love Ash 🙂👍
More videos like this please! I want to show this to my kids!
There's always an exception to the rule, like Tiger woods who made a billion by playing golf, or Lewis hamilton who must be on his way to a billion by racing cars..
The reality of great wealth is you can only piss in one toilet at a time, you can only drive one car at a time and you can only live in one house at a time. Billionaires just become collectors because of this reality. The Stark conspiracy is a great book by Ben Elton that describes how worthless great wealth is when all the rich end up on some space station whilst the poor people die on the earth. Most of them commit suicide by opening the airlock doors because their wealth has no context anymore..
All you need to be a billionaire is: Hustle mindset, waking up at 5am, going to the gym, having a father who owned an emerald mine in apartheid era South Africa and a can-do attitude!
Amen! This video needs more eyes on it x
Preceded by an investment advert up front, and followed by a real estate one. Hilarious waste of advertising budget!
I think the greatest “self made billionaire” myth is Jeff Bezos. The whole “he started Amazon in his garage” thing, making it sound like it started in your average person’s garage with just hard graft forging it on. When in reality he was a Vice-president of an investment management hedge fund by the time he was 30. So he was already a millionaire before he even contemplated setting up Amazon. And when he finally did start the company he based it initially in an Indian reservation outside of San Fransisco in order to avoid paying taxes.
On top of that he also took $300,000 “investment” from his parents. He took the company public 3 years after starting, a simple thing to do for a former hedge fund guy. He then used the 54 million he raised by taking the company public to buy out smaller competitors. And with the competition nullified Amazon grew, enough that he was able to get a 2 BILLION DOLLAR loan from the banks to expand the company further into web services, which was on top of the estimated $350,000,000 in cash the company already had. Then they went close to bankruptcy, because they were spending so much money investing in so many parts of the company. But it bounced back, and did well for a number of years, even gaining a contract with the Central Intelligence Agency for $600 MILLION for “web services”.
I getting carried away. The point is, Bezos wasn’t so guy starting a company in his garage with everything on the line. He was a millionaire who still used a lot of money from his family to help start his company, and grew it using his knowledge of the financial industry which he had gotten by being a major player in hedge funds already…..
From everything you describe it sounds like he is self made to me. If you take $300,000 and turn it into a company worth $1.7 trillion its clear that he founded a company which creates an incredible amount of value and distributes it to a vast number of people and that is something worthy of praise. Just because you might not value what he has done doesn't mean that the rest of the world doesn't value it because evidently most people do, hence why some many people are amazon customers. You go on to dismiss him because he received investment and won customers (what wrong with that? it wasn't free money everyone got something in exchange).
Obviously amazon has employees and they help create the businesses value too, no one is dismissing that when people say Jeff is a self made billionaire. The fact is people didn't give Jeff his money for free they all got something more valuable to them in exchange. Not being handed it on a plate is what most people see being self made is. If he inherited billions i would agree with you, but of course the reality is he didn't.
And what’s caused this not just capitalism but neoliberalism
Some ideas are just an inevitability, but billionaires are idolised as if they were the only person that could have possibly come up with such an idea. It is all down to chance.
Good stuff
This video made me hungry.
Ahh, good old Tim Apple
surely you mean Timothy Bramley?
Excellent explanation. Becoming a billionaire is almost impossible and normally this is done through ruthlessness and theft.
This is what has fucked up capitalism, the selfishness of the individual. Yet this individual, no matter what he does, becomes more frustrated because he can't achieve he's billionaire ambitions. The more he wants makes him determined to do anything, legal, and illegal, but he borrows and buys lawyers for tax and other purposes (Trump?). He will cut corners on saftey and honesty in the work place and will detest workers who seek to cut into his profits via wages. He has to be mean and stingy if he has any chance.
A really good entertaining video, I must be the most stupid person on the planet but I was under the impression we elected governments to stop we the people being taken to the cleaners by these later day pirates
I just worry about the morality of being a billionaire. What could you possibly want or need that amount of money for ? - power of course.
Great video as always. My 17 year old son asked for details of your channel when I asked him to watch one of your news reports and will be will be showing this too. Keep up the excellent work, love it.
If we get enough inflation we all will be.
Billionaires can only become so rich through rent seeking behavior and various forms of fraud. They can't make that much (even under capitalism) off of merely productive work be it theirs or the workers under them.
What evidence do you have to support us our assertion ? You simply say Amazon has a billionaire at the top and this is fraud and rent seeking behaviour.The fact people chose to buy things from Amazon in preference to other competitors is ignored
someone's jelly
I don't want to be a billionaire just want a house worth £1.5 million at current market value in a specific area of London and £3.5 million split across cash and stock. Is that OK?
We’re now facing our first trillionaires!!
Failed system!!
Money goes to money!
Please teach us how to do those power poses
But what about millionaire? What do people do with Billion Dollars??
Keep on speaking the truth!
Great! Do one about intellectual rights next!
Its a rigged game of a club that you can't join.
I always know majority of the billionaires & millionaires came from rich backgrounds, who either gained it from slave trades or other wrongful means, and pretty much made money when there bankruptcy during economic recessions and buy for peanuts and sell when house prices are booming, and we always go through economy crash every 10 to 15 years like clockwork and these people seem to always know when the crash is about to hit.
This is what capitalism means in reality
That intro was fantastic!
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
Nicely put.
"Yeah, all of this is legit. I grew up in a working class family"
The working class family
-_-
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
good channel
Fantastic welldone for exposing the truth
I love Ash, she is *ridiculously* intelligent. She should run the world.
What you said is this video holds true. I really liked this video.
Well put Sakar.
A billion is 1000 times a million...how hard is this?...
this is great. so refreshing in the current media climate
I thought the nets outside the apple factories was to catch phones they were throwing out and stealing?
Suiciding at work has to be one of the saddest things I've ever heard
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
The argument is stupid, because of digital products that have minimal production cost after the intiivial investment. You just need 1 billion people to give you £1 and you are a billionaire.
What's a good book which highlights key topics Ash talks about in this video?
I think Ash mentioned Stolen by Grace Blakely in this video; probably a good place to start
@@robertwinslade3104 thank you
@@rsr_s239 There's that huge work by Thomas Piketty called 'Capital' all about the modern concentration of wealth...and, of course, there's also Capital by Papa Karl.
@@mikemurray2027 thank you !
Monopoly’s commission unfit is an oxymoron!!
She's not attractive but speaks well.
Greed & Egos kills humanity. Look at the past history of mankind.
Civilisations destroyed.
I do like Ash even though her ideals aren't exactly the same as mine...
She's the Katie Hopkins of the left.
Who'd want to be a billionaire anyway, I'd rather be a comrade.
@@jimmy2minutes You think you can only be comrade in Cuba? That's stupid.
@@jimmy2minutes No not really I just think your first take is dumb
@@jimmy2minutes not really I don't know where the fuck the you're going with this and why you're trying to take the moral high ground
@@danksheev66 Yes!
Cheers Miss Arts and Humanities
Tax, a punishment for getting off your arse in the morning,Become a socialist sit on your arse do bugger all and demand more of that Benefit money!!!
Interesting video, especially your use of a Simpsons clip and your goofy investor voice characterization.
To be a billionaire u need to hit 50m-100m mark then u invest in both an idea, buying running good tear businesses and general investments mostly in stocks in total of 75% of your money. Then if the big startup works in couple years you might hit the billion mark after a decade or so. You also needto some how work in tich with government.
It is doable to be a 100M, i would say. Then if you when hit that point you have a chance 10% to get to a billion in the next 20 years.
Ash I love ya girl and everything you say is valid but it's those that lurk in the shadows. Do you think when Charles I lost his head the powerful gave up their hold??? You're dealing with dynasties
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
Thanks
Thank you guys for educating me/us.
Thank you, Ash for such an amazing video 👍👋🏆
I agree with almost everything in this video but it was very odd for you to include a clip of Prince John at 3:20 because his wealth was acquired by using the police and military to extort wealth from the poor via excessive taxation. It was weird for you to not further address taxation in this video.
The Conservative Government created the bedroom tax clause making it harder to rent premises to live making thousands of people in London go up north t o live in smaller accommodation. The aim was to free up accommodation for families. Afterwards there were thirty thousand houses in London left standing vacant so their owners could watch the price go up. Meanwhile homelessness continued to rise. During the pandemic of course this was resolved but housing is still a problem . The bedroom tax was just a moneymaking scam.
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
@@user-np7ru1fx8r I'm sorry my Iphone is playing up. Thanks anyway. John O'Sullivan
Ash got the Amerikkkan accent down.
Its one big club. And your only allowed to enter. Its a simple as this. They dont let you make it in the game. They just take you out of the game one way or another. It's a how any mafia operates. That kind of money making just doesn't happen. Its allowed
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
Good thoughts..
If I was a billionaire, I would most certainly sponsor your efforts.
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
@@user-np7ru1fx8r lol! That is not even a real number
Buy a Fairphone instead of an Iphone... 😉
i would be great as a brazillionaire.
It’s all about the money
Does that mean that R0bert Kiy0sak1, author of r1ch dad p0or dad lied to us?
Can we rise up and revolt yet?
If i was a billionaire, Novara would have a bigger bank balance than the BBC by like 30p or something just to be annoying.
*Drive Forever plays*
1:25 nice
Eat the rich
I love her American Accent about as good as Dick van Dyke
LOVED THIS! PURE TRUTH!
Isn't this woman a literal Communist?
Ash Sarker eloquence incarnate BRILLIANT!. We need to riot! now for at least UBI..
Thanks for watching,, will introduce you to something new and quite profitable... Inbox me on watsapp,,,,
👇👇
📞 +1"3"3"2"2"4"4"0"4"4"1
A fun fact there is no rich communist country
Well then stop complaining and find a way to capitalize on our system! It is called capitalism after all.
That was AOC before she had the honour to represent the billionaire class.....
Very Good presentation - nice style
Thumbs up!
Perfect video- minus the AOC quote.