How come most celebs/influencers go broke with in a short amount of time earning a couple million? Why not invest in local stores or offer money for a percentage of said store why not perpetualy money
How come most celebs/influencers go broke with in a short amount of time earning a couple million? Why not invest in local stores or offer money for a percentage of said store why not perpetualy money
Perhaps we need to work on writing one sentence clause, putting the phone down, and then finishing it once the brain recharges? Every post OP has a stroke about half way through.
In answer to question: because people do not do well with sudden increase in net worth and quickly adjust to a higher lifestyle than they can afford. Why don’t they invest in a local store? Because the rate of local small business failure is abysmally high. That’s why banks exist - at the most simple, you lend them money, and they lend it out, and pay you a bit of the profits they make. Hopefully they distribute the risk appropriately.
Well you can take it that way and double down.
Or you could look at the criticism and think to yourself “maybe they have a point, maybe I should slow down and make my text readable before posting an unreadable mess”.