Microblog Memes

And IIRC, he only did so through siphoning off the value of free facebook/craigslist furniture.

https://www.dailymail.co.uk/news/article-13332399/Millionaire-Mike-Black-homeless-broke-purpose-ends-bizarre-social-experiment.html

It sucks that the only reporting on this is shitty tabloids.

This video was such absolute bull crap lol. He randomly found some dude on like his SECOND night homeless that let him stay in a spare room for free.

Then he flipped free stuff on Craigslist and Facebook for cash which is... fine I guess. A little sleazy but whatever. Magically found transportation and the ability to store and haul this stuff all over town but never explained any of that.

Then he majestically found someone to cosign and provide initial payments to rent like a four bedroom house that he sublet to 3 other tenants... So he found some random guy to COSIGN for him which is crazy knowing how much liability that puts on you while ALSO finding a landlord that is allowing a guy with no job, no income, no credit, no prior residences, and no money to not only rent from him with a random co signer but also allowing him to sublet to three other random ass people the landlord will never even meet. This is possible... But EXTREMELY unlikely. Also, the fact that this dude tries to do a homeless challenge by immediately becoming a landlord is pretty funny ngl. Also it's worth noting that his final number ($64k or whatever) was revenue not profit. He said himself he was making about 50% profit so he made closer to around $30k on the year.

And on top of all that, the fact that he cites health issues as this unforeseen unfortunate issue that got in the way of his inevitable success is kinda rich. That's... kinda the deal with poverty. You fall on hard times. Health often falls apart. Unexpected expenses destroy you. It can and often does completely tear your world apart. Thems the breaks man lol. Dude just experienced life a little and quit.

Ah, so despite having tons of advantages, they were able to find themselves right smack dab at an average income. Nice.

It's because the problem was being poor.

So...stop being poor.

It's easy. He just proved it!

(Massive /s but sadly, for the privileged guy, not sarcasm)

Compare them to Steve Jobs or Warren Buffett, who actually knew what they were doing.

Steve Jobs, the man who thought he could beat pancreatic cancer with a juice cleanse?

He could also take higher risks, since he knew that there was a security net to catch him. Much easier to make high risk/reward decisions, if the risk (e.g. going broke) isn't actually real. He presumably also had an above average education and many other benefits. This is also why many rich people might end up building successful businesses. The average person might get one shot and either he makes it or goes broke. The rich person can roll the dice multiple times (and might have learned something from the last try).

Also disregarding everything even, if he had succeded: That would still only have been a sample size of one. I doubt anyone is saying that you can't under any circumstances pull yourself out of poverty, but on average the cards are just stacked against you in many ways.

Also i doubt that reselling second hand stuff is a viable business model for a larger group. Like sure in a large city a few people might be able to carve out a niche for themself, but the more people do it or the smaller the market, the less it works.