this post was submitted on 05 Jun 2024
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I guess it only works for billionaires. Millionaires can't do it: https://www.snopes.com/news/2024/04/29/millionaire-made-himself-homeless/
Well damn. I mean going to $5k a month from nothing isn't bad (especially in the middle of a pandemic) but those health issues are sure to put a damper on your spirits.
Instead of laughing we should give him props for putting his money where is mouth was and hope that he at least managed to get his health back.
Once you've been rich, you get certain privileges that are difficult to remove from the equation entirely, like education, connections, and (at least generally speaking) health. You also get a lot of leeway by having a safety net to fall back on.
But honestly, all that aside, big props to him for at least giving it a shot.
If he did give away all of his money then by definition he did not have a safety net to fall back on, no?
Unless you mean being able to call on friends when in a bind. I must admit to not taking the time to watch all the videos, so I don't know what rules he set himself for that, but I suppose it could also count, if it was allowed.
But I mean, proving that theory was entirely the point, wasn't it? He didn't try making his first million from nothing, he already made it once and tried to repeat it. Of course he'd have some sort of relevant experience to fall back on, and generally, almost everything you've done once is easier the second time around (unless you get thrown an unexpected curveball like he did).
I'm the furthest thing from an expert on this whole situation, but the fact that he was able to "give up" being poor once he had a health problem implies to me that there definitely was a safety net.
Fair point I guess, although like everyone else ITT I haven't watched the videos so we're all just speculating here, aren't we.
Also, earning five grand a month is not exactly what I'd consider "poor". In fact, it's just a grand shy of a median household income in the US.
And yet he still failed. He quit after 9 months, that's 3/4 of the way to his deadline. 62k is not even 1/10th of the goal. I get close to that just going to work every day.
Easier != success is guaranteed