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If you agree that much wealth is created by attitude, ideas and effort - and I think most of us will agree on that - then the outcomes of children will most cer
by brc 17y ago
If you agree that much wealth is created by attitude, ideas and effort - and I think most of us will agree on that - then the outcomes of children will most certainly be similar to their parents. Parents teach us our attitude, behaviour pattern and even tend to install our 'social class' into us. This would not be a negligible factor. If parents are absent (more common in poorer people) then these factors are learnt from peers, who are probably in the same income group.
If you want to escape being poor, you have to think differently to other poor people.
There are many examples of where children from poor families group up to be rich, and do so because they do not want to be like their parents. In these cases the parents low wealth is a catalyst for building great wealth in the child.
If low wealth was a cause, then how does one explain the high number of immigrants that go on to create great wealth? Newly arrived immigrants are some of the poorest people around.
You don't need a lot of money to get rich. You just need the right knowledge, the right attitude and the right drive to succeed. Most people achieve the wealth level they set out to acheive. For the majority, it's that they only set out to acheive a modest level of wealth - they may think they want to be rich, but they aren't actually doing anything towards it.