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And economists aren't all rich either!
by kwhitefoot 4y ago
And economists aren't all rich either!
- Eddy_Viscosity2 4y agoSome are! The ones who had rich parents anyway. Turns out an important habit of successful people, often left off these lists, is being born into wealth.
- SoftTalker 4y agoWealthy people teach their kids how to manage money for growth and/or preservation. It's frighteningly easy for someone who has no experience with wealth to squander a fortune very quickly. Look at big lottery winners who spend it all and end up in bankruptcy. It's more than just inheriting money from your parents; they teach you how to keep it.
- dkqmduems 4y agoIs this your answer to the chicken and the egg question?
- skyyler 4y agoDo you think it's possible for a poor family to teach their kids how to manage money for growth?
- churchill 4y agoThey may not teach their kids how to manage a family office or a million-dollar stock portfolio, but working-class poor families can teach kids to study hard, hold onto a job, avoid crippling addictions, and save money. If you manage to nail all these, it's relatively easier making the leap to middle class or upper-middle class in one lifetime.
- bachmeier 4y agoWell, most economists don't study how to get rich. Nonetheless, many study poverty, and since almost none of them live in poverty, your point stands.
- kwhitefoot 4y agoThanks, made me laugh out loud!