Your first sentence is correct. The idea that the choice of homework vs TikTok is the choice of wealth vs destitution is a valid concept for relatively low val

Your first sentence is correct. The idea that the choice of homework vs TikTok is the choice of wealth vs destitution is a valid concept for relatively low values of income, generally within the realm of working for other people. This is because performance on homework is not necessary and not sufficient for actual wealth, only for a relatively safe employment outcome. What we are talking about is making major bets on all the wealth you have accrued to date. To the point where a single major bet moves the global average wealth. If your homework told you how to build the next Amazon/Tesla/Facebook after having enough money to start it, then it is relevant to this wealth discussion. Otherwise it is just a myth that got you to a relatively healthy, stable income.