spoiler alert- flagged

aggiepaintrain said:

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3 episodes in.
Glaring issues

Found used tires just before he went dead broke and sold them for $1400. Huge loader tires just show up exactly when he needed them...
Bought a Honda Civic for $700 and sold it for $3700...Purchase and sale likely staged
Bought a 05/06 Escalade for $1500, seriously? Sold for $7600. No way that happens IRL
It gets better.
Buys a house with $10k down, gets a "loan" for the balance with his fake name? I don't think so...
Also gets a $10k remodel loan, with a fake name.

And a guy with a camera crew following him around screams.... "I have money"

I like the guy but come on.

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Yea, I had high hopes because the premise is awesome. But as I had worried, it's just fake as *****

They could at least do a better job of making it seem real. Those car prices were ridiculous. He then just ran them through a car wash and easily sold them for 500+% profit. Easy game. I guess the former owner didn't think about washing them and then trying to sell them for what they were worth...

And getting these all of these people to help him out for nothing is ridiculous and would never happen. I understand alot of startups don't pay people right away. But he's not even giving them equity or anything. He's just telling them that they can grow something big, and they are happy to go along with it.

The main character has gotten way too cheesy as well. And his great idea is to just make a bbq restaurant that sells beer? And he wants local breweries to make a beer for his company now? I was hoping for something much more creative and unique than that when the show started.

I want to see what happens, so I'm sure I'll keep watching. And it's actually fun to watch it and see how fake it is now. But man, this show went downhill quickly.

There are lots of millionaires out there who got there by creating a business that isn't at all novel and running it well... this is easiest to do when you already have access to funding. There's nothing particularly bad about making that the path to riches.

It sounds like they're aiming to sell a BS bootstrap story where they prove that billionaires deserve to be billionaires because they are special and their success was inevitable. A show where he goes flat broke 900 times out of 1000 and ends up living paycheck to paycheck the other 100 times doesn't make for good TV.

I sure would love to watch it though. Breaking the myth that the ultra wealthy are just better than less successful people would be public service.

Making this guy live on deus ex machinas is a laughable way to go... In no particular order, rich people are almost always some combination of ambitious, smart, and the children of rich people... but every single one of them is extremely lucky (I don't begrudge them for any of those things.) Most ultra-wealthy people who do interviews will admit this. The only people who don't are the ones who worship them.

This show sounds ridiculous.

Yes and no. There are definitely very wealthy people out there that could build that wealth from scratch again, but it would take years and years. Most wealthy families that exist had someone who was highly skilled and very creative at one point that got them to the level that kept them wealthy. The only "luck" that resides in that population rests mostly with those born into wealth.

The only wealthy people that you could take away ll their money and they would be rich within a short amount of time would be people with highly sought after skills. Doctors, lawyers, elite athletes, ect..

Texaggie7nine said:

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Yes and no. There are definitely very wealthy people out there that could build that wealth from scratch again, but it would take years and years. Most wealthy families that exist had someone who was highly skilled and very creative at one point that got them to the level that kept them wealthy. The only "luck" that resides in that population rests mostly with those born into wealth.

The only wealthy people that you could take away ll their money and they would be rich within a short amount of time would be people with highly sought after skills. Doctors, lawyers, elite athletes, ect..

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There are many more people that are motivated, intelligent and talented who aren't rich or super rich for that matter,... Luck is a huge part of it. A million things have to line up just right for someone to end up very wealthy. There are a million things that can happen and derail someone's life. The idea that chance has nothing to do with it is crazy. So many things that influence your life and success are completely out of your control.

"Starting over" doesn't mean that you also get to still be trained as a doctor or an engineer. The position they are in is the result of their whole life up until that point, not just since they finished their highest level of schooling. It's like the show runners going "you're starting over, but you still have access to credit as if you were an upper middle class person with a full time job" or saying "we're taking your business away, but you are still fabulously wealthy", it's easier to make money when you already have money.

It sounds like the people on this show are trying to sell exactly what you're saying. "Rich people are rich because they are smarter, more motivated and they work harder. You would also be a billionaire if you made the same choices as them." It's just not true. You can make all the right moves and get screwed by another person or some random situation or simply not being in the right place at the right time.

To a point, but not to the level you seem to be implying.

If we only point at wealthy people who gained their wealth themselves and not by a major inheritance or anything like that, if 100 random people that were not rich, and could magically be given the knowledge, drive, work ethic of the rich group, 90% of them would at least make it to a "rich" status by the government standards which is about $275k within 20 years.

Luck plays a role sure, but the vast, vast majority of those that got to a wealthy status without the infusion of wealth by someone else to start off, got there mainly because of their choices and behavior. Not dumb luck.

Texaggie7nine said:

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To a point, but not to the level you seem to be implying.

If we only point at wealthy people who gained their wealth themselves and not by a major inheritance or anything like that, if 100 random people that were not rich, and could magically be given the knowledge, drive, work ethic of the rich group, 90% of them would at least make it to a "rich" status by the government standards which is about $275k within 20 years.

Luck plays a role sure, but the vast, vast majority of those that got to a wealthy status without the infusion of wealth by someone else to start off, got there mainly because of their choices and behavior. Not dumb luck.

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Boom. Science. 90%. Facts. How could Tmoney possibly respond. You just proved that anyone who isnt rich by "government standards" after 20 years lacks work ethic and is stupid.

Ooh you want to play strawmaning.

I can play.

Obviously you have proven that most rich people are nothing but lucky and socialism is the only way to fix it.

Tobias Funke said:

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UNCOVER

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Thanks, I needed that laugh.

Texaggie7nine said:

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Ooh you want to play strawmaning.

I can play.

Obviously you have proven that most rich people are nothing but lucky and socialism is the only way to fix it.

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I didnt prove anything other than the stupidity of your claims in the previous post, "to a point".

You proved that you are good at putting words in peoples mouths and that you have a low opinion of wealthy people.

Texaggie7nine said:

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To a point, but not to the level you seem to be implying.

If we only point at wealthy people who gained their wealth themselves and not by a major inheritance or anything like that, if 100 random people that were not rich, and could magically be given the knowledge, drive, work ethic of the rich group, 90% of them would at least make it to a "rich" status by the government standards which is about $275k within 20 years.

Luck plays a role sure, but the vast, vast majority of those that got to a wealthy status without the infusion of wealth by someone else to start off, got there mainly because of their choices and behavior. Not dumb luck.

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A thread about becoming a billionaire, and you're using $275k as your measuring stick for being wealthy?

$275k is barely upper middle class. The government only calls that "wealthy" so they can tax the **** out of the middle class without the mouthbreathing electorate realizing they're the ones being taxed.

Imo... many people who have become very wealthy through their own efforts could do it again from scratch, but not in 6 weeks of shooting a tv show. Even getting wealthy through inventing something or starting a website/tech business takes a couple years at best. And, a lot of people who have become millionaires or billionaires did the right things but also got extremely lucky. Even the smartest, hardest working person on earth needs some things outside of his or her control to go right before they'll end up with 1,000 times as much money as an average person.

I'm sure they asked the rich person what he or she would do, then created a bunch of contrived situations to compress the timeline. Oh, you would make a few hundred dollars at a time flipping cars on Craigslist? How about 5,000 dollars instead so we don't have to follow you around for two years building enough money to get to your next scheme?

To be fair, the premise of the show is not that he has to become wealthy in 90 days. He just has to start a company that's valued at a million dollars after 90 days. So basically he needs to start a company that could have somewhere around 1 million revenue in the first year. And the revenue could actually be lower if it was a novel idea. If the valuation comes in under a million, then he will put 1 million into the company and let the people who helped him see where they can take it.

Still obviously really hard to do from scratch but it's not like he has to start a company in 90 days that would make him super wealthy in 5 years.