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I suspect IQ plays into it, the ability to think. But, very few people really want to be rich. They fantasize about it but then go about working a job that ca
by dpweb 9y ago
I suspect IQ plays into it, the ability to think.
But, very few people really want to be rich. They fantasize about it but then go about working a job that can never get them rich. It’s probably better that most people’s priorirites are family, friends, etc.. than just grabbing up money.
However if the goal is just to get rich, and my kid or something really wanted it, Id say,
1. You have to be prepared to live your life in a way where you take complete responsibility for your actions and results. Most people cannot do this. Its always someone or somethings fault when things dont go well, or attributed to luck. Luck does exist in the world, but your goal is not to be lucky. Your goal is to control what factors you can so bad luck can’t knock you off track.
2. Pick the right job. You have to either be a person who makes money from others’ labor (business) or have some very special talent where you as an individual contributor makes extremely outsized salary.
3. If the goal is millionairre rich, get a moderately high paying job >100k, work for a couple decades, and live like a pauper. You’ll become a millionairre. If the goal is billionaire rich, you need to be on the ground floor of something thats going to be huge in the next 20 years (ie.. the Internet).
Starting a business in a mature industry, you have more problems with competition, that is, pricing power, and competing against established players for customers, and also for labor, etc..