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I grew up poor, mom claimed $19k annual income the year before my first year of college. I couldn’t believe it when I saw it on my FAFSA. I literally couldn’t f
by more_corn 4y ago
I grew up poor, mom claimed $19k annual income the year before my first year of college. I couldn’t believe it when I saw it on my FAFSA. I literally couldn’t figure out a budget that could have worked (I tried) and yet we always had food, we never once lacked for a necessity, never once discussed not being able to pay utilities. She just handled it.
Of course it was worth it. It would have been worth it even if I hadn’t succeeded. Work hard, do good work, plan well, build wealth, cultivate relationships. Eliminate unnecessary expenses and waste. All these things are worth doing in themselves.
Also I wasn’t self made. I had white privilege (I distinctly recall two times I was cut slack for youthful hi-jinx where a black person would have gone to jail). I had people who mentored me and supported me. I had people who cut me slack when I needed it and believed in me. If anything my success is due to the strength of my family and friends. So remember to cultivate long-term relationships. Above all demonstrate trustworthiness.
The entrepreneurial route is the best way to build and hold wealth. Because it allows you to become part of the owner class. It’s unfair but if you’re going to live in an unfair system you owe it to yourself to join the class most favored.
Some people choose not to pursue wealth. I know people who consciously chose to teach or otherwise nurture children, knowing they forego wealth by doing so. Some people choose to become artists, or another creative pursuits. Some people choose journalism knowing there’s not a lot of money in it. Keep that in mind if you join the owners class. You’re not special, you’re not better. They simply choose not to do what you did. Many times as a deliberate rejection.