Would you take career advice from a man who served 22 months in prison for money laundering and securities fraud?
The real-life “Wolf of Wall Street,” Jordan Belfort, has made a name for himself dispensing his wisdom on his TikTok account, where he has become a popular life coach of sorts, despite his criminal past.
In his most recent insight to go viral, the former stockbroker, 59, advised a young man to quit his full-time job and work for himself.
“All right — best advice to this person working a 9-to-5 job, making $60K a year, 25: Quit this job. Get a better job. You gotta think bigger,” said Belfort — who was played by Leonardo DiCaprio in the 2013 film adaptation of his memoir — in the clip, which has been viewed more than 2 million times. “You’re never gonna get rich, you’re never gonna get ahead in life and have financial security working for someone else on a salary and punching a clock.”
The idea that working a good job for decades will lead to Social Security, a pension and financial comfort are “old thoughts implanted in our heads from the traditional school system,” Belfort goes on. Today, he believes, the reality is that following such a career path will end in enough cash “to pay for your diapers, barely, while you’re in a nursing home.”
Instead, he advises user @jakecorey, it’s far wiser to work for oneself in a number of much-hyped, get-rich-quick industries.
“You have to develop a side hustle to start. At least get a second source of income, whether that be real estate, investing in stocks, cryptocurrency, something,” Belfort offers.
Commenters had a mixed reaction to the aggressively given insight, with many stating it’s foolish to take job coaching from a man with such egregious past transgressions and others lauding his blunt takedown of working for someone else in exchange for a salary.