Quote:
Originally Posted by hobart
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I don't get what you're saying.
Ultra-rich has a technical definition which is a net worth of $100MM or more. There's 48 million people in the world who fit this definition, though many of them are sharing a single pool of money.
There are a lot more people with a much lower net worth who use their wealth to accumulate more wealth. Who is claiming otherwise?
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Yes obviously with the right knowledge one can use their wealth to create wealth. I'm saying that the OP just doesn't understand the fact that, aside from being a trust fund kid or obtaining some other large inheritance, becoming rich doesn't just occur in some vacuum, or by accident, or whatever. Nor does suddenly being given wealth mean that anyone and everyone can hang onto that wealth
Look at the rates at which people who had poor fiscal sense won the lottery and then went broke, they are crazy high. Look at the rates of professional athletes with poor fiscal sense went broke after retiring and losing those million+/year salaries
Becoming poor can often be to life circumstances. STAYING poor is due to one's mindset and skillset. And the same goes for staying rich