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

https://lemmy.world/post/44836855

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 - Lemmy.World

Lemmy

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.

What is wrong with my writing?
It’s broken English with poor grammar. “Why not perpetually money” doesn’t even constitute a complete thought, let alone a complete sentence. Most ESL people I know with more than a few months of practice can express themselves in English better than that.
Well then don’t read it if you don’t like it or comment sorry im not a Tik Tocker generation to dumb down so for the insta minute mindset.
Listen friend, I don’t know how much brain damage you’ve suffered, but if you hadn’t noticed I’m using complete sentences and proper punctuation, so I’m quite likely older than you are. You should probably try to cut back on the substance abuse. Anyway, people don’t tend to invest locally. That’s not how investment usually works unless you spent decades learning how to invest, instead of learning how to be a celeb/influencer. The smart ones stick their money in index funds, the ones that think they’re smart stick their money in crypto, and most spend themselves into the poorhouse, with more debt than they started with before they made millions. If you are looking for seed capital to open a laundromat or something you’ll want to find a bank or investment firm to pitch your business idea to, not the kid on the corner who makes more money taking pictures of his lunch than you’ve made in your whole life. I’d recommend some remedial English lessons before the pitch meeting though. Maybe Pedro down the street, he seems to be more comfortable with English than you do.