How do people get rich?

[Deja Q]

By

[babylonsister]

1. If I knew that, I wouldn't be here, no offense to DU!

Then again, I might. :evilgrin:

[Flabbergasted]

2. This is all relative.. ..I can't answer that

[dweller]

13. yer close...

it is their relatives...

ie, they are born into it.

dp

[Flabbergasted]

15. No man its not true......History is full of examples of people that made

it on their own. This is how innovation occurs.

[dweller]

25. Innovation involves

taking it away from the ruling class.

and at times, it has become bloody. But that's not what this thread is about, so i'll defer.

dp

[Flabbergasted]

33. Yeah good point....But I still go back to creating reality.....!

[serryjw]

34. How many inherit it and do NOTHING with it

Then you have John Robbins that DID inherit it and gave it all away for the good of humanity.
Many on here bash Trump. His father, Fred, made money but certainly not what The Donald has done. He is brash but his name is GOLD and does employ many

[Flabbergasted]

45. I'd rather have justice then a dollar? U?

[serryjw]

46. Why can't you have both?

Ben & Jerry's build a great company. It can be done as long as you are greedy

[Flabbergasted]

49. Uh B&J can fuck each other! They sold out. No respect for that!

[Union Thug]

3. "Behind every great fortune, there is a great crime..." n/t

[Blue_Tires]

16. exactly n/t

[serryjw]

4. Should have been a 3rd choice

"What they do!" Many KNOW much and do NOTHING with it.

[Flabbergasted]

5. Yeah I like that!

[Warpy]

6. Knowledge and ability without opportunity are nothing

and contacts (who you know) give you opportunity.

[Flabbergasted]

7. Knowledge and ability create oppurtunity. Sometimes it only requires will

[brainshrub]

11. I go by this maxim:

Better to be prepared, and never have opportunity arise; than have the opportunity arise and not be ready for it.

[Flabbergasted]

12. Gosh man frankly thats silly. Sometimes you got to leap. Take the risk

Life is in no way about security!

[Tom Yossarian Joad]

17. So I take it you are rich?

[Flabbergasted]

22. You're going to set me off.....I make less on 70 hours a week then

McDonalds Employees. I work my ass off so I can put something good to eat in peoples mouth. That is my service. I started with NOTHING at all. 7 years later I'm still here, man. Because I love Humans. Don't give me shit. You have no idea what its like to go through figuring out how to pay two rents every month....

[Tom Yossarian Joad]

26. So you're a dreamer?

That's okay...

And don't throw shit at people you have no idea about. Read some more Ragged Dick and other Horatio Alger books. All it takes is heart.

[Flabbergasted]

32. Yeah its Ok....So tell me where you're at?

[Flabbergasted]

37. Tom what you doing right now in your life?

[Tom Yossarian Joad]

44. I work. Family business. Not rich.

[Flabbergasted]

47. Family Business? Don't think you know what its like to have your windows

Broken in? 3 in one year? Tom I've been so fucked for years; don't even consider testing me?

[Flabbergasted]

42. I'm throwing shit at you Tom. You ever been burglarized several X/year

[Flabbergasted]

38. Tom, Where's your story?

[brainshrub]

19. You never know if you're ready, but you can prepare.

Take my blog, for example: If I got the kind of traffic a year ago that I get today, I wouldn't have been ready for it. By working hard, tweaking the site and learning from others mistakes - I am far more ready to handle huge influxes of traffic.

I'm not talking about never taking the leap until you think you are ready: I'm talking about preparing yourself in case an opportunity arises.

[Flabbergasted]

30. No No No No No.......Stop it....I did it in my business

They always used to say in my business, a cafe, "you know what, most restaurants fail within one year or ten years or whatever"

I love to prove these people wrong.






I STARTED IN A HOLE IN THE WALL IN THE CRAPPY PART OF PORTLAND OFF OF A MAIN STREET. I EXPERIENCED A MIRACLE. I'M STILL HERE 7 YEARS LATER. I BOUGHT IT FOR $1500.... IT WAS MAKING $40 dollars a day.................That's nothing. Starbucks would throw a fit if they made less than $200 an hour at a store....

[gristy]

21. Yes, that makes a lot of sense

[Warpy]

14. Dream on

[Flabbergasted]

20. No dream sir..... I experience it everday.......Everyday......!

[brainshrub]

10. I like this answer best.

[Speck Tater]

8. I personally know three millionaires who

all got their money by being creative and inovative and designing products that they were then willing to stick with until they got them actually on the market. LOADS of hard work, and even more loads of perserverance. What really ticks me off is that one of those ideas was my idea and I just gave it away to my freind, the guy who then made a million on it. Fact is, though, back then I didn't have the self discipline and perserverance to carry through on it, so I wouldn't have made anything out of it anyway.

Maybe there should be a third choice: "By being too stubborn to give up."

[oblivious]

9. All the millionaires I know made it through property or stock options.

Basically luck.

[Freedom_Aflaim]

18. Who you know that knows that knows that you know.

:)

[smoochpooch]

23. I think people's definition of rich

could result in different answers.

[Mabus]

24. It's not who you know it's who you blow

At least that's the way it was at one job I had.

[dweller]

27. dammit Monica

it's not always about you!

:spank:

dp

[Mabus]

31. Ooops! I keep forgetting.

:rofl:

[RUMMYisFROSTED]

28. Satistically? Inherit.

Dream? Work that shoe leather to the bone!

[Vidar]

29. Their ability to steal with charm--usually.

[Yupster]

35. I work with dozens of millionaires

maybe hundreds. For sure more than 100.

They fall into different categories.

The largest category is elderly couples. The second largest group is elderly widows. The secret to their wealth has simply been time. Ever hear about saving $ 100 a month starting at age 20 and by age 65 you're a millionaire? That's these people that are in their 80's or 90's today. It's the largest group of millionaires.

Inheritance is overrated because wealthy people get the best healthcare and live long lives. By the time your rich mom dies at age 92, you are 67, and past the point where an inheritance will do much for you. By then you've either made it or not.

The next largest group are savers. I spoke to one today. He's a single guy who lives a simple life. He makes 50,000 at his job, maybe another 20,000 from a side business he runs. He lives off much less than he makes and has been saving two thousand a month or more for decades and he's about to pass the million mark in invested assets in his early 50's. There are families like him too.

Another group is similar to that one, but are families which have made a large income for a long time. You make $ 100 k a year. You get all the debts paid off, and then you can really plow money into savings and investments and over a couple decades you pass the million mark.

I don't think I know anyone who got their money from an invention or similar thing, though I'm very sure they exist. I have many customers with stock options, but none in the range that would make you a millionaire from them.

Hope that helps.

[ProudDad]

50. A million is not much nowdays

I live in an area where it takes $500,000 to buy a crappy 2 bedroom 900 sq. ft. house.

A million ain't shit around here.

Unless you're born into it, your odds are very short that you'd ever get "rich".

This is the BIG LIE that the repukes use to lure people into voting for them. "Who would you rather be in charge if you hit the lottery, the 'tax and spend libural dems' or us rich-people lovin' repukes?"

Seems like a lot of folks here buy into that lie too. :shrug:

[sandnsea]

36. Definitely ability to cultivate relationships

Whether it's clients or people who can help you get bigger clients and contracts, or even convincing people you deserve promotions, social ability is key in becoming rich. Much more important than what you know.

[TheBaldyMan]

39. Other, a complete lack of morals, or an inheritance.

the former can easily be the result of the latter.

[babylonsister]

40. A reader or a realist here; I like that mind!

:toast: Me, I'm a reader.

[TheBaldyMan]

43. Is it possible be a realist and a reader? I'd like to think it's possible

to be both.

[Yollam]

41. Not that simple.

In most cases it's a combination of:

a: being born at least on 2nd base and all the advantages that entails - better education, nutrition, parental involvement, etc.

b: who you know

c: what you know (how to speak the language of the right people as well as whatever knowledge and talents) race also plays into this - being white and male still usually helps.

d: some people lie, cheat and steal to get rich.

e: some people have such an overarching drive to succeed in whatever field that they almost can't help but get rich.



It's definitely not a fair contest, but like many other things in life, it certainly can't be boiled down to an either/or proposition.

[ProudDad]

51. Even with a through e

you still need luck here in the amoral big casino called capitalism.

[ProudDad]

48. Who they are born unto...

That's the number one predictor of capitalist "success".