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Old 10-20-2011, 05:54 PM
 
12,436 posts, read 11,948,683 times
Reputation: 3159

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Quote:
Originally Posted by ringwise View Post
Luck is not chance.
They are synonyms. Get over it.

Chance - Definition and More from the Free Merriam-Webster Dictionary
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Old 10-20-2011, 05:55 PM
 
Location: Old Town Alexandria
14,492 posts, read 26,594,973 times
Reputation: 8971
yes there wasnt a response bcs the last sentence was attack on OP. "go hang out with successful people"?...investment clubs in the library in this region consist of people selling Amway, lol.
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Old 10-20-2011, 05:58 PM
 
29,939 posts, read 39,464,356 times
Reputation: 4799
I don't claim to speak for that poster but I think the point was to surround yourself with better people. That's what presidents are suppose to do, why not us?
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Old 10-20-2011, 06:06 PM
 
9,848 posts, read 8,281,707 times
Reputation: 3296
Quote:
Originally Posted by hotair2 View Post
I know a billionaire who has never worked one day in his life.
That is the rarest thing.
95% of all substantial wealth is from a current generation, not inherited. I can only guess this was inherited?
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Old 10-20-2011, 06:09 PM
 
9,848 posts, read 8,281,707 times
Reputation: 3296
Quote:
Originally Posted by hotair2 View Post
Yes people are always pointing to Bill Gates Rags to riches story. What a farce. The odds of what happening with Gates are astronomical.
Microsoft could not happen today with all the business law changes. Also didn't hurt that his dad was a successful lawyer that could help his son with all the business and copywrite stuff.
But, Gates was talented, didn't need his college and had a big something to sell to the world at a major profit.
GOOD FOR HIM.

We need more of that.
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Old 10-20-2011, 06:10 PM
 
9,848 posts, read 8,281,707 times
Reputation: 3296
Quote:
Originally Posted by Annilyna View Post
The state of the economy has everything to do with your question. Right now, no, it's tough to "become rich" even if you work hard, make all the right decisions, etc. I think luck would HAVE to play some part in it ("luck" being a debatable term for being ready at the right time). The ability to move up the socio-economic ladder is almost next to impossible.

This also means that if you DO have the wealth and the income, you're more liable to hold onto it and not invest it (and thereby pumping it into the economy). The money is stagnant right now.
TRUE, the economy has to have customers who can afford to buy your stuff, without that the next Bill Gates won't happen.
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Old 10-20-2011, 06:11 PM
 
9,848 posts, read 8,281,707 times
Reputation: 3296
Quote:
Originally Posted by Darkatt View Post
I am as rich as they come.

I have 2 wonderful daughters, a grandaughter, a son in law, 3 cats, a turtledove, brother and sister, and friends. I have a roof over my head, food to eat. A job, and can afford to pay my bills.

What else does one need. I am rich! I enjoy life.
True, that and your health is a lot to have.
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Old 10-20-2011, 06:14 PM
 
20,948 posts, read 19,051,128 times
Reputation: 10270
Quote:
Originally Posted by hotair2 View Post
So why aren't you?

Some would consider me rich...I don't, but I don't have to worry about finances nearly as much as a lot of people that I know. How did I get this way, mostly just luck. I have a few talents, but it did not have to work for them, I was just born with them...luck.

I know people that manager their money well and work three times harder than I do, but have little or no money to spare and are just barely making ends meet.

Someone will say that some people are stupid. Well if you are not very intelligent or you are intelligent is that not just luck as well.

The fact is that the belief that if you work hard and look to the future you too could become rich is simply a gross exaggeration. While it is true, and there is anecdotal evidence to show it, some will and do become rich, your odds are not that great. You do increase your odds by working hard and making good decisions, but not everyone can become rich no matter if they all work very hard and all make very good decisions. It is mathamatically impossible as their is a finite amount of wealth.

So at the end of the day the very wealthy should not be put on pedestals for simply being lucky and the middle class and working poor should not be looked down upon for being unlucky.
Lovely story.

I think I smell BS.
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Old 10-20-2011, 06:17 PM
 
20,948 posts, read 19,051,128 times
Reputation: 10270
Quote:
Originally Posted by RCCCB View Post
TRUE, the economy has to have customers who can afford to buy your stuff, without that the next Bill Gates won't happen.
There are.

There will be more millionaires and billionaires made now because while everyone else is panicking, the smart people are picking up deals.
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Old 10-20-2011, 06:18 PM
 
20,948 posts, read 19,051,128 times
Reputation: 10270
Quote:
Originally Posted by RCCCB View Post
Microsoft could not happen today with all the business law changes. Also didn't hurt that his dad was a successful lawyer that could help his son with all the business and copywrite stuff.
But, Gates was talented, didn't need his college and had a big something to sell to the world at a major profit.
GOOD FOR HIM.

We need more of that.
Please....Bill Gates would have made it the same regardless of his father.
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