Quote:
Originally Posted by JurisDictum
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Everyone gets into that bracket because of dumb luck. If they were born somewhere else or of a different race/gender they would be a working class smuck of their country like anyone else. Most of their wealth is owed to opportunity of birth and getting lucky with risks.
And of course, there's all the people that person brings with them that didn't do shit. Their kids and their kid's kids, perhaps even some others. But let's just keep focusing on that one guy that invested in Apple and deify him (usually a him) as a business genius for doing it.
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not at all, actually, until you get into top 0.001% percentile, which isn't representative of anything to anyone who understands that these people have been natural-selected to be nothing but the most savvy with finances until you get into extreme cases like rothschild kids.
top 1% net worth for the 18-30 bracket sits around half a million -- mid 300k's under 20 and about 760k under 30, which is incredibly attainable for just about anybody who skipped college and entered the workforce early and doesn't have kids. you can get into top 5% through smart financial planning with the income the average entry level helpdesk job offers in my city, which rarely require a high school education. you might have to drive an hour to work instead of paying $2000 a month for the average going rate of a studio where these jobs are, but no one said this shit was easy.
i have many irl friends ranging between top 1% to top 0.001% of this age bracket, and i can only think of two who aren't self made (injury settlements) they're both very likely to leave the top 1% as they're both making poor financial decisions on a constant basis and one's a dumbass opiate addict.
cutting out people who have profited from illegal means, by contrast most people i know in this bracket at a young age are self-made. the two wealthiest i know (top 0.001%+) did not attend high school and live incredibly modest lives -- actually both of them live in camper vans they bought off craigslist right now. they're not taking out car loans, home loans, having kids, marrying young, and pissing their money away like most people 18-30 would. although they do travel a lot.
it's that mentality that made them successful in the first place. it's a huge, defeatest, and pathetic mischaracterization pushed by low IQ bernie voters in my opinion, to say that "most" people in the upper income brackets made it there through inheritance or dumb luck. investing wisely isn't dumb luck. building a successful business isn't dumb luck. developing valuable skills few have in the world isn't dumb luck. it's smart, and very calculated.
bernie bro us vs them politics are a calculated move to reinforce the same defeatist attitudes that make people poor. also lol college is worthless.