As someone grown up in a socialist family, how can I shed this incredible unproductive and destructive mindset for all and become a capitalist.
Why, because socialism is the ideology of death
Well first define what it means to be a capitalist.
>>1297791
Entrepreneurship by legal means. I have no understanding of economics or investing. Give me a introduction or some books.
I'm from Northern Europe by the way. My parents are both public employees who're completely against investing. I read that book Rich Dad Poor Dad and that opened my eyes. My parents are the classical example of the Poor Dad.
>>1297787
Start a business.
>>1297797
Well tell me, since you know what a capitalist is... who are you?
>>1297824
To my understanding a capitalist is an entrepreneur by legal means. I just told where I am from
>>1297830
>I'm from Northern Europe by the way. My parents are both public employees who're completely against investing. I read that book Rich Dad Poor Dad and that opened my eyes. My parents are the classical example of the Poor Dad.
So you aren't a capitalist. You choose not to be a capitalist.
Problem solved.
>>1297819
>>1297787
Save up your money and do something risky with it. Invest it, gamble it, doesn't matter. If you lose, good job you gained experience. If you win, send your profits to the government because that's what a good socialist does. Repeat until any urge to send the money to government disappears.
>>1297848
You are obviously one of those bernie cucks who think Scandinavia is all marbles don't you?
>>1297787
socialism for the rich and capitalism for the poor.
If you worry about the establishment, then you are the establishment.
>>1297787
Wow, OP, your question somehow attracted a lot of idiots. Let me briefly help you through the noise.
The first thing to remember is this mantra:
"I am not a victim." Repeat after me: "I am not a victim."
One problem with socialism is that the victim mentality creates an illusion that you are trapped and cannot get out.
Point being, you have more control over your destiny than socialists might lead you to believe.
You can get tight-fisted with your cash and pay down your debts. This will improve your cash flow.
You can put money in assets that make you money. This will also improve your cash flow.
You can put money in stocks. With due dilligence, you can determine which ones can make you money. You can get an ROI from it.
You can do these things! Or you can wish things were "more fair". Which of these two approaches will most likely deliver the best results?
The choice is yours.
>>1298006
>The choice is yours
OP is like an edgy rich kid turning into a commi.
I am presuming you know little about capitalism and socialism.
>>1298024
Hello, chair.
Guide 2 invest
Grandma mode (safest and easiest, but yields so low not worth)
- Treasury bonds
Welfare mode
- Open up 5% savings accounts with Netspend up to $5000 per account (requires direct deposit and other shit to be eligible)
Normie Mode
- Buy wide-index stock funds; hope the market doesn't crash and continues to chug along. Alternatively, buy lots of diversified ETFs.
Slower but safer mode
- Buy dividend stocks that have a 15+ year history of growing their dividend (you are buying for the dividend, and if there is a capital gain, consider selling to reap it)
Effort mode
- Research and invest in growth stocks that are undervalued
/biz/ mode
- Buy the meme stocks in robinhood threads, hope for the best
Trump mode
- Buy Trump coins. Most estimates feel that once this coin gets mainstream exposure it will reach $1 each coin (currently 4 cents a coin) unreal gainz if it happens.
Bitcoins had a huge bull run recently, but most price targets stick it at $600 a coin. Still undervalued a bit and could always explode, so worth sticking some cash in them.
Other considerations:
- LISK, ETH
- Peer lending such as LendingClub
If ur already rich: Rental Real Estate and Franchises (or just starting your own business)