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Many people say hard working, intelligent people will become rich. Usually they use it defend the fact top 1% of people in US own most of wealth in the USA. However, the FACT is most hard working, smart people will not get rich.
There are about 50 million people (or 27% of the US population) with BA degree or above. I would assume most of these people are intelligent and hard working. However, there are only 7.9 millionaires in the US (about 2.5% of population), which means most of these hard working people are not rich. This doesn't even consider becoming super rich billionaires, there are only 403 billionaires of them in United States. Most intelligent, hard working people will find it impossible to join the ranks of the rich.
I would think the posters/people who keep on sayings smarts and hard work leads to riches are themselves intelligent and hard working. Question is how many of them, if any, are actually millionaires? I would guess only a very few!
I would assume you don't have BA or you would realize that by attaining such a degree in no way confers intelligence.
I would say that only 1% of the country is smart and hardworking enough to become rich. Not every single person in the top 1% fit that description, but the vast majority do.
"You'll never get rich working for someone else".... Not my line but I love it.
Very few of these people are going to make the sacrifice, most successful people in business have worked very long and hard hours for many years to attain their wealth. 70 hours a week is common.
Not to mention most people don't have the confidence to risk everything on their own business.
Again if you look at the data, class mobility has decreased over time. It's not about effort. It should be a meritocracy, but it's not. It's ironic that conservatives push policies that lead us further and further away from a meritocracy...but still want the whole legend of bootstraps. You can't have it both ways.
meritocracy = mediocracy and I don't want people to be mediocre.
I tend to agree. There are countless examples of successful people who never finished/attended college. I think the key ingredients are drive and determination to either rise above your circumstances or create something really awesome that the world needs (eg., Bill Gates, Windows platform). But its important to be smart AND work hard.
Well to be fair Gates dropped out of Harvard so he was pretty bright to begin with.
Well this depends on what one's diefination of Rich is. What is wrong with a comfortable lifestyle very comfortable, where you are not lacking for anything, and can pay bills on time, and live a nice life. Well if you want to define Rich, i have a brother and Son, who are definitely not lacking in anything, worked dang hard, have all the degrees, have a very good job, and yes, get paid really really good. A million dollar home is not all that by today's standards, but my Brother does own one, so what, what does this all mean. Means nothing to me, because money can go at anytime. If you get sick, or lose a job, what then happens. I rather live a very comfortable life style which my husband and i do. So does my Son. You can have all the money in the world, and be a very lonely sad person. I again know and are friends with some wealthy millionaires, to me it means nothing, they have more then I who cares, i don't. I have everything i want in life, 3 homes, nice cars, great kids, grandkids, and a lot of love which by the way money cannot buy!
It's not always about money. For me it was about lifestyle. I wanted to work at something different that I enjoyed and that's what I did. My irrepressible inclination is to take charge, rise to challenges, and solve problems. It might have been way more work and way more risk but lead to a very interesting life.
Wello Gre if you work 10 hours a day digging ditches for someone else you'll be working hard but don't expect to get rich.
As far as your own business any business is a gamble.
Quote:
Driller - I thought I did because my clients were recieving government tax credits on their investnments. When Raygun took them away so did my clients.
Pretty good example of why you shouldn't depend on the government for your livehood isn't it? I had customers on government assistance but I would have been nuts to depend on it...
It's not always about money. For me it was about lifestyle. I wanted to work at something different that I enjoyed and that's what I did. My irrepressible inclination is to take charge, rise to challenges, and solve problems. It might have been way more work and way more risk but lead to a very interesting life.
And that's why a lot of people are not rich. They don't have the desire and are not prepared to make the sacrifices.
But the opportunity is there now and has been for decades, if you want it badly enough.
Well the current administration has defined "rich" as $200K/year individual and $250K/year couple so I'm sure there's lots of rich folks out there that didn't even realize they were rich until the government decided that people making those salaries were "rich".
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