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I think it's also a difference in opportunity. When you have money/capital/connections, you can be wrong, and wrong often, and take risks. When you're living p
by adoxyz 4y ago
I think it's also a difference in opportunity. When you have money/capital/connections, you can be wrong, and wrong often, and take risks.
When you're living paycheck to paycheck, you can make an occasional mistake and be fine, but you're likely to be much more risk-averse.
It's easy to make movements when the outcome could only benefit you.
- WalterBright 4y agoIf you're in America, you've got no such excuses. You're not going to die if your business fails. There are tons of businesses you can start with zero capital.
- tablespoon 4y ago>> When you're living paycheck to paycheck, you can make an occasional mistake and be fine, but you're likely to be much more risk-averse. > If you're in America, you've got no such excuses. You're not going to die if your business fails. There are tons of businesses you can start with zero capital. You talk like people don't have dependents or opportunity costs. If everyone living paycheck-to-paycheck followed your advice, I'm sure you'd have a lot of parents explaining to their kids that they're going to have to live out of the car for awhile, because some rando on the internet said they had nothing to lose.
- WalterBright 4y agoIf you keep looking for excuses not to try, you'll find plenty.
- AstralStorm 4y agoMany people have sunk their last savings into businesses that failed. The few remaining successes are small, especially these days.
- WalterBright 4y agoMost people never try. People who never try have a 100% rate of failure.
- tablespoon 4y ago> Most people never try. People who never try have a 100% rate of failure. What an astoundingly ignorant and out of touch thing to say. It's completely irrational for most people to buy a long shot chance at wealth with a much, much greater chance of winding up worse off and in poverty (or deeper in it). Also, what you said is an excellent sales pitch for a scam real estate investment system.
- 852978 4y ago> What an astoundingly ignorant and out of touch thing to say. False. Both sentences are true. > what you said is an excellent sales pitch for a scam real estate investment system. "X people say Y so Y is false" is fallacious.
- tablespoon 4y ago>> What an astoundingly ignorant and out of touch thing to say. > False. No. > Both sentences are true. So? A set of true statements can be misleading and out of touch, for instance, through omission of other important truths. In this case, the omission is that "trying" has a cost and the outcome can be negative. If you're wealthy, those negatives can often be easily shrugged off; if you're not, the expected outcome of "trying" can make the attempt irrational. > "X people say Y so Y is false" is fallacious. You misunderstand. It pointing out the flaw in the pitch, because it can so often be used to sell lies.
- nradov 4y agoI've met plenty of small business owners who started with essentially zero money or connections. It doesn't take much to start a landscaping service, just an old pickup truck and a few tools. Those people had nothing to start with so they had nothing to lose, which makes the concept of being risk-averse kind of meaningless.
- AstralStorm 4y agoNo, you met the successful business owners who could afford to live on nothing for a while.