Poll: How do rich people become rich in the first place?
- Thread starter Bamba
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Fine, you want facts?Zachary Amaranth said:
In the United States, fewer than 30% of billionaires inherited any significant amount of wealth, drop the bar down to the millionaire level, and that value shrinks to 6%.
This trend is much the same for most places around the world, only being broken by billionaires in Europe and India,
Everyone who keeps saying it is all about luck, is just...insane. Of course luck can play a role in it for some people. However the major thing is smart money sense. The ability to make your money work for you. The majority of people have no money sense, at all. They might think they do, but really, they have no idea.
Another major factor is hard work, a lot of it. Despite everyone raging about how people are born into it, a lot of people make their money through a lot of very hard work. That is basically the end all of it. You need skill and hard work.
Another major factor is hard work, a lot of it. Despite everyone raging about how people are born into it, a lot of people make their money through a lot of very hard work. That is basically the end all of it. You need skill and hard work.
I got rich by marrying rich men who all had mysterious "accidents" on our honeymoons.
... On a totally unrelated topic does anyone else think the black widdow spider is just the best???
... On a totally unrelated topic does anyone else think the black widdow spider is just the best???
Just depends what you define as rich, if you want a few million work for yourself( contracting, developer, franchising, vending), Billionaires, primarily emerge out of real estate, tech, retail, beverage, and fashion, and about a 4th from "investment" . Kind of surprised at the richhate here. IDK maybe cause of school but I was surrounded by varying degrees of "rich" and they all had pretty much one thing in common, they worked for themselves, didn't see a lot of trust fund type wealth.
Sadly I don't have the faith to quit my job and franchise something or buy a sales route.
Sadly I don't have the faith to quit my job and franchise something or buy a sales route.
My mum is a millionaire. She made it through 25 years of hard work and graft building an 8 staff business out of a regional backwater to the region's best company in its sector operating out of 5 different locations.Bamba said:
Sure, you can get it through inheritance (which I most probably will, one day), luck (lottery ticket, catching a break of some sort) or crime (robbery, violent or otherwise). However there are a number of people who worked damn hard, and deserve the fruit of their success.
It's why I'm sick of listening to these self-righteous arse-holes go on about how all the rich are thieving bastards who know nothing of the struggles of the common man. That's true, for some. My mum came out of the council estates (what the US may call "the hood") of an already fairly low-wealth town in Britain. I have nothing but respect for the work she's put in; and the example she is of achievement and success. Don't lump the genuine, deserving people in with the dicks. And the same can be said for basically any group of people in any situation.
No doubt I'll attract some hate for this.
Well we could always ask the richest woman in the world, Gina Rinehart. So, miss Rinehart, how does someone get rich?
Ah, I see! It's so clear to me now! Say, miss rinehart, would you be willing to compensate such hard work within your own company to help us help ourselves? [http://articles.latimes.com/2012/aug/30/business/la-fi-mo-richest-woman-20120830]
..........Oh. [http://articles.latimes.com/2012/sep/05/business/la-fi-mo-richest-woman-pay-20120905]
Well, to answer your question, the way somebody gets rich is mostly through sheer luck. You hear a lot about how some of the rich worked very hard to get where they are, and I'm not disputing that, but for every millionaire/billionaire who ascended to their position through blood, sweat and tears, there are a thousand or more who work just as hard simply to feed their families for another week.
Ah, I see! It's so clear to me now! Say, miss rinehart, would you be willing to compensate such hard work within your own company to help us help ourselves? [http://articles.latimes.com/2012/aug/30/business/la-fi-mo-richest-woman-20120830]
..........Oh. [http://articles.latimes.com/2012/sep/05/business/la-fi-mo-richest-woman-pay-20120905]
Well, to answer your question, the way somebody gets rich is mostly through sheer luck. You hear a lot about how some of the rich worked very hard to get where they are, and I'm not disputing that, but for every millionaire/billionaire who ascended to their position through blood, sweat and tears, there are a thousand or more who work just as hard simply to feed their families for another week.
Generally a mixture of luck and unscrupulousness.
I don't mean successful doctors or professors or what have you (Weber's "new middle class," ~20% pop) or successful musicians or athletes (despite their incredible salaries, working class.) I mean his "capitalist class"--people who have control of capital and the labor of themselves and others.
I don't doubt that, for many, it takes hard work. But it also requires a certain lack of morals. I'm sure there are a handful of counterexamples to the latter point (though not many--if you said Carnegie, I'd disagree, and if you said Jobs, I'd laugh in your face.) But just a handful. Easier for a camel to pass through the eye of a needle.
I don't mean successful doctors or professors or what have you (Weber's "new middle class," ~20% pop) or successful musicians or athletes (despite their incredible salaries, working class.) I mean his "capitalist class"--people who have control of capital and the labor of themselves and others.
I don't doubt that, for many, it takes hard work. But it also requires a certain lack of morals. I'm sure there are a handful of counterexamples to the latter point (though not many--if you said Carnegie, I'd disagree, and if you said Jobs, I'd laugh in your face.) But just a handful. Easier for a camel to pass through the eye of a needle.
It takes hard work to develop those talents into something. Are you really trying to say that every achievement that someone makes in their life is simply due to their luck of their birth? That is absurd. Also, not everyone is born with exceptional talents but they acquire them later in life through hard work.Anoni Mus said:
Concentrate all of your skills and resources on making money and put everything else - friends, family, hobbies etc. - into the background.Bamba said:
Look for areas of the market with high demand and low supply to make your initial profit.
Don't befriend people because you like them. Befriend them only if they can do something for you. Don't go out with them to have fun, go out with them to make business.
Keep actively looking for opportunities to make money. Contact others first, don't wait until they contact you.
Don't hesitate to back stab people (including friends and family members) in order to get more money.
Once you'll get somewhat wealthy, hire some experts who will look for profitable investments for you. That way you can make even more money.
Also try to get as close to monopolizing the market in as many areas as possible.
i really hate to play devil's advocate especially since gina is such a **** and a perfect example of a target for hate most lower income earners have towards the rich but she has a point.Saladfork said:
too often i'll hear a local aussie spout something like "this government is shit. by the time i buy a case of beer and a bag of weed and pay all my bills i barely have enough cash for my 2 packs of cigs each day. i'd work some overtime for some spare cash but they'll just take half of it in tax"
now not to say the government isn't shit and you shouldn't be expected to have some luxuries in life but a couple years back i was earning minimum wage and needed to get myself a car. i was slowly saving up cash but at the rate it was increasing it would be years until i could afford something better than my 88 camira. since i was working 60-80 hour weeks with unpredictable working hours a second job was out of the question so the only option was to decrease my spending.
i gave up smoking and drinking and stopped buying food in favor of making my own and eventually got a nice shiny new car!! proof that hard work and saving does pay off. 2 weeks later the suspension went and bankrupted me. a month later electrical fault. bankrupt again. month later dude crashes into it. now worse than my old car.
months down the track i finally managed to get enough cash together so i could take some time off work and educate myself to the point where i could get a better job. boss needs reconstructive surgery. employee starts stealing. need to stay there to keep the business going. few months later decide to search for another job and while looking and working - massive back injury. no worries few months of rehab and i can get myself a nice office job. develop second condition that makes me unable to sit for long periods. spend all savings on medical bills.
i am now in a position where i am searching for a job which involves very little sitting and very little lifting with a skill set that reads to the average employer as "slightly educated ditch digger with tons of experience in another field a decade ago"
now i don't want to say that people don't get rich by hard work but for every story of a person who worked their way to the top using blood sweat and tears there are a million other stories of people working just as hard or harder - more than likely making others rich in the mean time, that have nothing to show for it
Be on the frontier of new ideas, then monopolize those new ideas, then leave before it takes a crash is what I've seen. It's really all just luck.
Off note, my hundreth post, yay.
Off note, my hundreth post, yay.
People become rich by exploiting others to mass produce whatever they're trying to peddle. As much as they like to say they're successful because of their business skills and they got lucky, they actually got rich because they have thousands making money for them on a daily basis. And that's what capitalism is and also why communists hate it.
But surely if an NPC is going to drop such good loot, they must be a really high level!BurnedOutMyEyes said:
There's is an amazing amount of generalisation in this thread. I get why certain rich people have become figures of hatred for others, but the sheer number of people here who flat out say 'everyone who is rich got there in a dishonest way' or 'it was luck' or 'they exploited others' just baffles me. Do you really think that there aren't at least some who got where they are by actually working for it?
Of course. That's why you need to max out Sneak asap, and get your hands on some explosives.Binnsyboy said:
You reverse-pickpocket a bomb or mine or grenade or stick of dynamite into their inventory, and they're gonna die regardless of whether or not the explosion should technically be able to kill them.
Thank god for the Shady Sands Shuffle.