Sunday, February 9, 2020

Rags to riches Joran Belfort style

One example of rags to riches is the movie, "The Wolf of Wall Street", in this movie Jordan Belfort starts a stock company in his garage in the back of his house and turns his company in a multi-million dollar organization. Jordan starts working on Wall Street on in 1987 and his first day in which is infamously known as 'Black Monday' in which Jordan loses his job. Jordan starts a new company the next week and sells a company as a huge success and big name company although it is no bigger than a tool shed. From there Jordan quits and creates his own company with his friends and quickly goes from a 20 person company to a 200 person company making loads of money along the way. While recruiting some reliable and trust worthy people along the way. He starts off small making phone calls himself to sell stalks. The stocks are actually false, but he does the all through. Although it may have been done illegally, Jordan takes his company from a shed out back and sells false stocks until he has more money than he knows what to do with. Growing up Jordan was the son of two accountants, growing he definitely was not rich and more likely in the middle class growing up in a small town. Where Jordan goes from rags to riches is actually after he gets laid of on 'Black Monday' his wife mentions maybe they should pawn their engagement rings because they were struggling for money. Jordans complications with the middle class is actually really minimal. He makes all his money off middle class people selling them stocks. Although it is a little complicated with the legal side of the matter complicating things, Jordan lives the American dream he buys himself a mansion in multiple cities, a million dollar yacht, a beautiful wife a child. He took his company and built it from the ground up making the American dream a reality. This movie created a new way of thinking for me although I would not do what he did to make his money exactly, but it created a new way of how much many you can make in the stock market. Stocks run the economy making our finances go through, making businesses run off the investments that people make. Money is the American Dream, all Americans want to make more money than they have, whether they are in poverty, the middle class or rich everyone wants more money.




https://www.youtube.com/watch?v=iszwuX1AK6A

2 comments:

  1. I enjoyed your analysis of this movie. It is a great rags to riches story, it also shows how corrupt the financial industry can be. A good salesman can sell anyone anything. They have a charming personality and you want to trust them. It's a bit ironic that once he reaches a certain point, the money doesn't make him happy anymore. He's unfaithful to his wife, he turns to drugs and alcohol to escape. The stress only grows as his wealth does.

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  2. Hi Liam,
    You post is really interesting and i enjoyed reading it. It is a really good example of rags to riches and American dream. You did a great analysis and linked the story how American dream is perceived by the salesman, and that would be the money. I have come to a conclusion that everyone has different points of view regarding the American Dream and this is one of them. I think you did a great job with the post!

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