4 ms·
Everyone give me some counterpoints to this for inspiration. People that came from abject poverty and made it. As an aside I do feel strongly that moving up m
by JohnJamesRambo 5y ago
Everyone give me some counterpoints to this for inspiration. People that came from abject poverty and made it.
As an aside I do feel strongly that moving up more than one social class is difficult due to not being taught about money and how to handle it. My parents are working class, their parents were poverty level and never taught them anything about money. When I try to teach my parents about money it seems like there is a glass ceiling above their heads, they can’t understand finer details of how to make that final leap to wealthy by agreesively saving and investing and playing taxes correctly. I hope to make that final leap.
I don’t remember most of the millionaires in The Millionaire Next Door coming from wealthy parents, in fact they were mostly working class people that owned a business and were careful with their money. Wealth is actually destroyed after a few generations because subsequent generations never have to learn how to save and not be frivolous.
In my own case you would think my grandparents came from a long line of poverty but this is not the case researching my genealogy. On my Dad’s side they had one of the first two story houses in our part of the state and owned hundreds of acres of land. The progenitor had his grave robbed because people thought he was buried with gold. It had to be covered later by large slabs of rock by the Masons, of which he was a member. But this wealth was lost by gambling and drinking in subsequent generations. The big two story house no longer stands and I don’t know if anyone living even knows where it was.
There is a famous green text someone sent me once and it is about trying to move up two social classes and how hard it is. I try to live like Tyrone.
https://www.reddit.com/r/greentext/comments/q05okt/anons_coworker_is_very_frugal/ https://www.reddit.com/r/greentext/comments/q05okt/anons_cow...
- xtracto 5y agoThere's a saying in Mexico: 'rich granddad, millionaire father, miserable son'. Meqning that as families take money for granted, they dont learn what's needed to generate it.