By using this site, you agree to our Privacy Policy and our Terms of Use. Close
VGPolyglot on 29 January 2018
Edit Thread
DonFerrari said:
VGPolyglot said:

I am not fluent in Portuguese, so I only have limited understanding of what those articles say. But you say right there "having a good wage at the time", so wouldn't that mean that he needed money to finance it?

Nope, he didn't had any money to finance it (talking about the creator of mysucesso.com) he took an indirect loan on the bank. Like he took something like 10k USD that he would have to pay back the next month 12k USD for the principal and interest.

The other one, the homeless, didn't had any money at all.

There is another that started as a waitress on a road barbecue parlor. He and his brother (while living in poverty at their families house) saved up to 90% of their income for several months/years to rent their first space and start their barbecue who would become "Fogo de Chão".

There is also famous Silvio Santos who started as low middle class family, buying things from the wholesale and selling on the ferryboat and today is the owner of the second biggest TV in Brazil and several other business.

In fact it's possible that the rate of self made man turned billionarie isn't that much of than milionaries who turned off billionaires...

Want another sneak peek? There is one study showing that the average income from families that came as recent immigrants to be higher than americans... which show that even people that came without money and even understanding english were developing faster... this wikipedia have at least somewhat a way for you to start looking https://en.wikipedia.org/wiki/List_of_ethnic_groups_in_the_United_States_by_household_income

 

The biggest issue with socialism and communism is their fight to end inequality instead of poverty... Capitalism have fought poverty greatly while also increasing inequalities in some places.

Do you know how banks make money? They're not going to loan money to someone if they don't think they'll get any of that money back. So, usually that person has to have a certain level of income or savings, or something in that manner, in order to even get a loan large enough to start up a business. Most people are not going to be able to pay 10k USD back in one month. Also, immigration is now based on prospects, so generally only people that are well-off in the first place are able to immigrate to the US.