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TopicStudy: It's better to be born rich than gifted
httpgrandmaster
10/14/18 11:48:53 AM
#14:


ThyCorndog posted...
well yeah, success in life is mostly luck based. if you're born in a well developed country, you lucked out. if you're born to a rich family, you lucked out, etc. talents only come into play if your situation is good to begin with for the most part. there are people that claw their way up from the bottom and succeed, but they're the exception and not the rule


No it's not. The only thing based on luck is which part of the world you are born in.

But for 330 million in America, everyone can get consistent results from following basic and boring personal finance rules.

Keeo your nose clean, get a job, go to college or trade school for something useful, don't have kids too soon, pick the right partner. Then live on less than you make.

Most people with high income have a net worth far below where it should be because they don't follow that last rule.
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