In your answer of TikTok he invited his audience to “think big” and see themselves as investors, not workers. “You will never get rich, you will never get ahead in life and you will have financial security working for someone else with a salary”said Belfort.
For “The Wolf of Wall Street” it is a lie that following the traditional system of working in a company for years and then retiring with a pension, dreams of stability or financial freedom will be achieved.
“You will die or retire without money and without independence“said Belfort. His advice, in addition to finding a better job, is to start an independent business, thus creating a second source of income that can be used by investing in real estate, stocks or cryptocurrencies and gradually converting that source into a primary source of income. gain.
The Story of the Wolf of Wall Street
It is about a New York stockbroker, who became a billionaire very young, at age 26, and was sent to prison for manipulation of the stock market and money laundering, among other charges. He lost $ 200 million from those who incautiously invested in junk stocks. Belfort was not born rich. He grew up in a lower-middle-class Jewish family.
His parents, Leah and Max, were accountants; He studied biology at the American University and even tried to study dentistry, but – as The Independent reports – the dean reminded him: “The golden age of dentistry is over. If you are here just to get rich, you are in the right place. wrong place”. And so wrong was he as a dentist, and as a biologist, that inevitably his unbridled ambition drove him to Wall Street, where he worked at LF Rothschild, a brokerage firm that was his first school that went bankrupt in 1988.
He decided to found his own company in the 1990s, Stratton Oakmont, which sold stocks for pennies promising astronomical profits. He got to drive 6 cars of the highest luxury, to have his own helicopter and to sail a 167-foot yacht, formerly owned by Coco Chanel.
A year, Belfort had a profit of $ 50 million. But in the end, the only thing he achieved was 22 months in prison and the duty to compensate his clients with $ 110.4 million.
Source From: Ambito
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