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How to get rich (without getting lucky)

winternett 4y ago
If only getting rich could be broken down into simple tropes on the Internet. Not everyone's path and tools available are the same. It's also too easy to dismiss negativity and to push blind motivational statements to people who are fighting for survival, much less than fighting for a chance to "win". A lot of the (now) millionaires and billionaires in this world were secretly born into pools of inherited wealth and social status (connections) that facilitated their success... I'm not saying that they should be envied or overthrown, but in a world where the middle class and poor are paying relatively much higher taxes (in relation to their net worth) than far more wealthy individuals, the "unlucky" know that it's better to focus on more practical advice suited to them... The others invest in schemes like Crypto and NFTs, which only serves to make the rich even more rich. Figured I'd add that contrast, this place doesn't have the same character limits as Twitter. Giant F* to Internet motivational positivity and its "get rich quick" schemes... Practicality, dedication, and honesty work better over time in a world full of people that don't have money they can afford to lose.
- quantified 4y ago
  The author has not demonstrated fruits of their own advice. Self- help gurus have long and consistent history. [https://gizmodo.com/the-untold-story-of-napoleon-hill-the-greatest-self-he-1789385645 https://gizmodo.com/the-untold-story-of-napoleon-hill-the-gr...]
imtringued 4y ago
It is kind of disturbing how the first advice is effectively to just let someone else do the work for you and he then tells you that you shouldn't be the sucker who is actually doing the work for someone else. This feels like a game theoretical trap where everyone wants to defect. If everyone actually followed the advice yields on assets would become negative and the return on work would exceed the return on capital.
- throwaway22032 4y ago
  Yes, that's how the entire world works. You compete with others for the top spot. You can either be a landlord or a renter. That is the system.

If only getting rich could be broken down into simple tropes on the Internet. Not everyone's path and tools available are the same. It's also too easy to dismiss negativity and to push blind motivational statements to people who are fighting for survival, much less than fighting for a chance to "win". A lot of the (now) millionaires and billionaires in this world were secretly born into pools of inherited wealth and social status (connections) that facilitated their success... I'm not saying that they should be envied or overthrown, but in a world where the middle class and poor are paying relatively much higher taxes (in relation to their net worth) than far more wealthy individuals, the "unlucky" know that it's better to focus on more practical advice suited to them... The others invest in schemes like Crypto and NFTs, which only serves to make the rich even more rich. Figured I'd add that contrast, this place doesn't have the same character limits as Twitter. Giant F* to Internet motivational positivity and its "get rich quick" schemes... Practicality, dedication, and honesty work better over time in a world full of people that don't have money they can afford to lose.

quantified 4y ago
The author has not demonstrated fruits of their own advice. Self- help gurus have long and consistent history. [https://gizmodo.com/the-untold-story-of-napoleon-hill-the-greatest-self-he-1789385645 https://gizmodo.com/the-untold-story-of-napoleon-hill-the-gr...]

imtringued 4y ago

It is kind of disturbing how the first advice is effectively to just let someone else do the work for you and he then tells you that you shouldn't be the sucker who is actually doing the work for someone else. This feels like a game theoretical trap where everyone wants to defect. If everyone actually followed the advice yields on assets would become negative and the return on work would exceed the return on capital.

throwaway22032 4y ago
Yes, that's how the entire world works. You compete with others for the top spot. You can either be a landlord or a renter. That is the system.