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Topic	Study: It's better to be born rich than gifted
httpgrandmaster 10/14/18 1:36:25 PM #36:	ThyCorndog posted... httpgrandmaster posted... 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. being born in America is lucking out to begin with though. even at the lowest rungs you're still better off than most of the planet by default And the conversation here is around the people who are living in western or developed countries, in which case the basic and boring principles I laid out earlier are 100% relevant and applicable. --- Do good. Eat communists. <cite>httpgrandmaster posted [p:910513472] in Study: It&... [t:77095600]...</cite> <quote><cite>ThyCorndog posted...</cite> <quote><cite>httpgrandmaster posted...</cite> <quote><cite>ThyCorndog posted...</cite> <quote>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</quote> 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.</quote> being born in America is lucking out to begin with though. even at the lowest rungs you're still better off than most of the planet by default</quote> And the conversation here is around the people who are living in western or developed countries, in which case the basic and boring principles I laid out earlier are 100% relevant and applicable. --- Do good. Eat communists.</quote> ... Copied to Clipboard!
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