Jordan Belfort, convicted of money laundering and securities fraud in 1999, said the man should invest in ‘stocks, crypto, anything’.
Convicted criminal Jordan Belfort known as the “Wolf of Wall Street” gave some interesting life advice for a 25-year-old man to earn $60,000 a year.
“Quit this job. Get a better job. You have to think big,” Belfort said In a viral TikTok clip, which has garnered over 2.1 million views.
“You’re never going to get rich, you’re never going to get ahead in life and have the financial security to work for someone else on salary, punching a clock.”
Belfort, whose infamous pump-and-dump scheme was brought to the big screen in “The Wolf of Wall Street,” also took aim at the “traditional school system,” asking the 25-year-old to think outside the box.
“You have to develop a side hustle, at least to start with,” Belfort said. “Get a second source of income, whether it’s real estate, investing in stocks, crypto, something. Start getting another source of income all at once and then slowly transition to that full-time.”
Belfort was convicted of money laundering and securities fraud in 1999, and a judge ordered him to pay $110 million in restitution.
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Through their firm, Stratton Oakmont, Belfort and his associates used deceptive tactics to dump their own shares and drive up penny stock prices before they saw the price drop.
The 59-year-old has been able to rise to fame as a motivational speaker and business consultant from two memoirs and the movie “Wolf of Wall Street”, but not everyone who followed him on TikTok took his life advice well.
“60k at 25 is good. Not everyone scams for a living,” commented one person.
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“Would perhaps stealing millions of dollars from working class citizens be a better option?” Another commenter asked.