Im sure many many many regular people who got screwed by recession or other economic problems have also killed themselves.
Its not a rich people thing.
21 ways rich people think differently
- Thread starter Merlin5
- Start date
Im sure many many many regular people who got screwed by recession or other economic problems have also killed themselves.
Its not a rich people thing.
I'm sure there are - but the majority of people I know who have significant wealth either had a leg up from their parents or inherited it (and if you look at lists like top10-100 richest people in country X, etc. its usually the same story).
BTW not me being jealous or cynical, etc. I live a fairly comfortable life with plenty of disposable income myself due to my parents being comfortably off.
What do you mean by 'a leg up'?
Soldato
- Joined
- 11 Sep 2009
- Posts
- 14,064
- Location
- France, Alsace
Seems in your case that not even common sense comes in to play. Just your massively inaccurate and unsubstantiated opinion.
I guess hes following on from chrisHSY who said
They get an education "head start" anyway being at the best schools and best uni's and then jumping into a job they were almost destined to get.
You can't blame people for having affluent families or parents for wanting to provide the best start they can to their kids.
People with such headstarts can't really claim they are "self made" though as they have always had money and would have eventually through inheritance anyway
Its an interesting one...because even with an input of money from their parents, most people dont have it in them to turn that initial start up into millions...or even into a semi successful business at all.
I dont buy into the education thing. In this day and age, funding is easy to get if you are from a poor background.
I think its a nice comforting thing for some people to believe..That the rich are rich simply because they were given help. It makes people who arent rich feel better to believe such things. It means that its not their fault they arent rich, its simply bad luck that they were born with poor parents.
easy to get funding? I know of only one person who got a uni scholarship and it's harder than ever to get into a good uni now.
rich people generally push their kids to do the best they can at school.
middle class people I know are generally a mix of both some demand their kids goto uni and study hard at school, others don't seem to care aslong as their kids get a job of some kind.
poor parents generally don't give a crap as long as their kids attend school
rich people generally push their kids to do the best they can at school.
middle class people I know are generally a mix of both some demand their kids goto uni and study hard at school, others don't seem to care aslong as their kids get a job of some kind.
poor parents generally don't give a crap as long as their kids attend school
Last edited:
The government gives money to every uni each year to give hardship grants to those who are in need of financial help.
Yep I agree with you regarding the different attitudes to kids in school. I really wish my parents had pushed me harder.
My take on uni is that its a path to getting a good job..but its unlikely to make you rich.
Soldato
- Joined
- 11 Sep 2009
- Posts
- 14,064
- Location
- France, Alsace
It's not education, or money, it's an attitude. The amount of well off people that have lost it all, but then made it all back is very high. Why? Because of their attitude.
Education won't make you rich at all. A leg up won't get you rich. Your attitude of getting things done, knowing what you have to do to get there, and not seeing everything as a reason for why it can't be done.
Education won't make you rich at all. A leg up won't get you rich. Your attitude of getting things done, knowing what you have to do to get there, and not seeing everything as a reason for why it can't be done.
My original point was a large proportion of wealthy people didn't get there due to the mindset outlined in the first post - however while arknor's and to a degree my own posts are generalisations theres plenty of validity to the point that its a lot easier to coast off a leg up from your parents, buy into an ongoing stream of revenue or even invest into something when you have the backing there in the first place than try to make it from scratch.
Soldato
- Joined
- 15 Aug 2007
- Posts
- 15,788
- Location
- Outside in the bushes
If the OP is 100% True explain Paris Hilton!
imo that mindset is a fundamental part of it. there are huge number of people who get financial backing for business startups..either from their parents or from backs, investment capital etc. and an awful lot of these people fail, despite having the money there. and that is where the mindset comes in. and even then, the people involved have to be on a higher level in order to make it really big.
if you read the stories of the big self made money people, they were all quite exceptional from an early age. yes, money can help but there is far more to it than that.
However, it's much easier to have that attitude and take risks if you have a safety net below you. How many of these self-made billionaires come from working class families? Certainly not any of the famous silicon valley billionaires. They all come from well off families who could support them while they got off the ground and even provide some office space.
What a crock of ****.
I notice he forgot to list:
Average people want the 'secret' to getting rich. Rich people know how they think, so won't buy my book.
So if you want to think like a rich person, don't buy my book. Oh no wait......
I notice he forgot to list:
Average people want the 'secret' to getting rich. Rich people know how they think, so won't buy my book.
So if you want to think like a rich person, don't buy my book. Oh no wait......
You make it sound as though having that attitude is a choice
Its not. Its how someone is raised. There are plenty of poor people who were raised with that attitude and they succeeded and became rich people.I think the report i posted earlier said about 35% of the forbes list were from lower middle or middle class families. Im not even sure what a working class family is these days.
I agree, a lot for people who became successful and rich got there by using other peoples money (as mentioned in the OP). I mentioned this in the other thread about traits that financially successful people like CEOs tend to share. One import aspect is how they handle failures. In fact they want call them failures but experiences, or almost successes. They don't dwell on mistakes and short coming but try to better themselves, learn form mistakes, quickly move on to new ideas and ventures. Around 80-90% of start-ups fail - if you want to be the next Steve Job/Bill gates etc then you will have to expect a few failures before you hit success unless you are lucky. I know someone who is on to their 4th start-up and is now a millionaire, started from nothing except his engineering degree and a strong will not to work for any other company except one he founded.
It is also just recursive, if someone is rich through inheritance then how did their parents get so rich? Paris Hilton was mentioned in this thread and is a classic example, father became rich through a mindset as outlined in the first post.
Everyone in the UK has the safety net provided by the Government. If things go **** up you wont be left destitute on the streets but will receive welfare and can carry on living, thinking up your next venture.
Very few of the silicon valley billionaires come from well off families, just American middle class, often with professional working parents. Basically just the average family in the UK.
Thats a far more complicated subject - many of the wealthy families and firms are built upon times when someone was as often in the right place at the right time as the mentality i.e. it would be a lot harder these days for someone to break into the hotel business in the way Conrad Hilton did (and even that was more by accident than design).
Oh look, a long list of inaccurate generalisations intended to make me feel bad about my current financial position so I'll be suitably motivated to make someone else rich by purchasing their idiotic book—which will consist almost entirely of pointless anecdotes and even more inaccurate generalisations.