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It's more probability than luck. Anyone with moderate intelligence and who is willing to make a commitment to building wealth can say, make 5 or 10 million in l

It's more probability than luck. Anyone with moderate intelligence and who is willing to make a commitment to building wealth can say, make 5 or 10 million in life. It might not be easy nor quick, but from what I've seen, it's definitely achievable (i'm not there yet). You do however need to build up a specific skillset. At least 90% of the population is either 1) not interested in acquiring wealth, or 2) not willing to put in the effort. Becoming a billionaire, on the other hand, is obviously something completely different. Half the trick is making sure your money works for you. Once you have, say, $5m, it's not all that hard to turn it into $10m. All you need is time. I've seen guys make hundreds of millions (and lose it all) through great and bad investing. But a commitment to making money is probably the most important thing you need.

sanderjd 10y ago
> Anyone with moderate intelligence and who is willing to make a commitment to building wealth can say, make 5 or 10 million in life. This definitely isn't true for "anyone born in the world", and doesn't ring true to me for "anyone born in the US" either. Maybe it's true for "anyone born into the middle class in the US". (But that middle class is rapidly shrinking.) Unfortunately, starting conditions still matter a lot.
- majani 10y ago
  Man, some people here just cannot picture life outside their bubble. It's amazing to me that someone flippantly dismisses making 5 million dollars as an average thing. I'm from a country where only 68,000 people out of 45 million make at least $1,000 per month[1]. That's 0.15% of the population. Where you were born is probably the biggest single factor in success [1] http://www.businessdailyafrica.com/Number-of-Kenyans-earning-more-than-Sh100-000/539546-2901806-g1d0cy/index.html http://www.businessdailyafrica.com/Number-of-Kenyans-earning...
  - charlesdm 10y ago
    Did I say it's an average thing? I said, if you want to dedicate 20 years of your life to it, not focusing on other things, living in a Western country, you can do it. Nowhere did I say it's a common thing. Second, there are plenty of people who manage to make $10,000+ a month online, regardless of where they live. Probably millions. Also, even in impoverished countries there must be opportunities to make money and do deals. If you keep looking at what others are making, then you will never make any money. Different setting, different opportunities. The average person, regardless of the country he or she lives in, will never be wealthy. €100 in Europe might get you less than $10 in South Africa. Location matters as well in terms of purchasing power.
    - sanderjd 10y ago
      > I said, if you want to dedicate 20 years of your life to it, not focusing on other things, living in a Western country, you can do it. I'm really sorry to quibble, but you didn't say any of those things in the comment I replied to. I mean, there just literally isn't anything about "20 years" or "Western country" in there. > Second, there are plenty of people who manage to make $10,000+ a month online, regardless of where they live. Probably millions. Citation needed! > Also, even in impoverished countries there must be opportunities to make money and do deals. Why "must" there be? This just sounds like wishful thinking. There is no natural law stating that opportunity is shared globally, and in fact this is mostly not the case in practice.
    - vitaminbandit 10y ago
      ctrl + F: "20 years", "Western country", "not focusing on other things"
      - swedishdaddy 10y ago
        The words were not there in the first message.

sanderjd 10y ago

> Anyone with moderate intelligence and who is willing to make a commitment to building wealth can say, make 5 or 10 million in life. This definitely isn't true for "anyone born in the world", and doesn't ring true to me for "anyone born in the US" either. Maybe it's true for "anyone born into the middle class in the US". (But that middle class is rapidly shrinking.) Unfortunately, starting conditions still matter a lot.

majani 10y ago
Man, some people here just cannot picture life outside their bubble. It's amazing to me that someone flippantly dismisses making 5 million dollars as an average thing. I'm from a country where only 68,000 people out of 45 million make at least $1,000 per month[1]. That's 0.15% of the population. Where you were born is probably the biggest single factor in success [1] http://www.businessdailyafrica.com/Number-of-Kenyans-earning-more-than-Sh100-000/539546-2901806-g1d0cy/index.html http://www.businessdailyafrica.com/Number-of-Kenyans-earning...
- charlesdm 10y ago
  Did I say it's an average thing? I said, if you want to dedicate 20 years of your life to it, not focusing on other things, living in a Western country, you can do it. Nowhere did I say it's a common thing. Second, there are plenty of people who manage to make $10,000+ a month online, regardless of where they live. Probably millions. Also, even in impoverished countries there must be opportunities to make money and do deals. If you keep looking at what others are making, then you will never make any money. Different setting, different opportunities. The average person, regardless of the country he or she lives in, will never be wealthy. €100 in Europe might get you less than $10 in South Africa. Location matters as well in terms of purchasing power.
  - sanderjd 10y ago
    > I said, if you want to dedicate 20 years of your life to it, not focusing on other things, living in a Western country, you can do it. I'm really sorry to quibble, but you didn't say any of those things in the comment I replied to. I mean, there just literally isn't anything about "20 years" or "Western country" in there. > Second, there are plenty of people who manage to make $10,000+ a month online, regardless of where they live. Probably millions. Citation needed! > Also, even in impoverished countries there must be opportunities to make money and do deals. Why "must" there be? This just sounds like wishful thinking. There is no natural law stating that opportunity is shared globally, and in fact this is mostly not the case in practice.
  - vitaminbandit 10y ago
    ctrl + F: "20 years", "Western country", "not focusing on other things"
    - swedishdaddy 10y ago
      The words were not there in the first message.