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In my experiences so far, people's wealth often has nothing to do with business success. I say often because of course a tiny fraction of wealthy people are su
by tristanperry 6y ago
In my experiences so far, people's wealth often has nothing to do with business success.
I say often because of course a tiny fraction of wealthy people are successful after spending an inherited fortune, but more often than not success seems to be genuinely earned through hard work and trial and error.
The 'rich parents' argument seems like the same cop-out as "it takes money to make money" rubbish that people still spout today. After all, it's never been easier to build a business from nothing (starting a YouTube/Insta/TikTok channel or a free blog). People just need to put their already-owned smartphone or laptop to good use.
- k__ 6y agoI believe that more kids of rich parents burn their money than making more with it. I don't believe that money isn't a major reason that people are successful.
- Ma8ee 6y agoIn the sense that you need less capital today to be industrious than maybe ever before, you are absolutely right. You don't have to invest a lot of money to build a factory or pay for inventory. But even being in a position like Michael Lynch to be able to not having to work for your sustenance for three years means that you already are very privileged.
- username90 6y agoA privilege you can get pretty quickly if you are a bright person who work hard.
- Ma8ee 6y agoOk. Explain how this works for me. How did I get my well paying job to make it possible to save enough money without being privileged? How did I get a college degree for free? How did I all on my own, without any help or support from rich or well educated parents get accepted to a good school?