Having a rich daddy is the fastest way to be rich. To become rich legitimately requires luck (timing), very hard work (long hours and sacrifice) and the right idea. You can become moderately wealthy by spending less each year than you make and investing that in index funds or the like for 30 or so years, which is the way most of America’s millionaires got there. Then again a million ain’t what it used to be.
The Koch brothers, Walton heirs, Mercer heirs, Mitt R-money, DeVos family, Bush family, and of course Donald Trump and his kids all inherited their wealth for which THEY DID NOTHING and they understand nothing of how real people live. Trump inherited hundreds of millions in gifts, loans (that were never repaid) and inheritance, and managed to establish record losses — even in his casinos, where the house always wins. (Of course, in typical Don-the-Con style, most of it was other people’s money.)
In contrast, Warren Buffett, the most successful investment capitalist of all time, and George Soros, a successful billionaire industrial capitalist, grew up humbly. Buffett came from Nebraska, where he is known as the “Oracle of Omaha” and still lives (he was told he would never amount to much if he didn’t move to New York City); Soros came to this country with NOTHING as a 15-year-old Holocaust survivor. These two, who inherited NOTHING from Daddy, truly come as close as possible to epitomizing the CONservative myth of being “self-made” as anyone ever could.
But because these successful but ethical CAPITALISTS have the NERVE to remember their humble origins, appreciate the reality that even they were not “self-made” but had lots of help and want to ensure that others have the same opportunities they did, the CONservatives who inherited everything from Daddies and “earned” NOTHING want to label them SOCIALISTS or COMMUNISTS!
The hardest working people in the U.S. are the minimum wage workers who hold down two or three jobs and work long hours to support struggling families.
If wealth was based on hard work, dark-skinned women in sub-Saharan Africa would be the richest people on the planet.
No, the most common way the rich are rich is through inheritance. Note even the Koch brothers started with a very rich father. Once you have a lot of money, opportunities open up and allow you to get richer. Unless you’re an idiot like Trump and squander it so that you have to fall in with a criminal set.
Trump was hardly the First Womanizing Spoiled Rich Kid to become POTUS. FDR had a Mistress as a Aid and JFK had well all of them . Being born wealthy is no crime . Focus on Trump being a unapologetic Jerk
Dtroutma almost 5 years ago
And lie your butt off your entire life.
brwydave Premium Member almost 5 years ago
Having a rich daddy is the fastest way to be rich. To become rich legitimately requires luck (timing), very hard work (long hours and sacrifice) and the right idea. You can become moderately wealthy by spending less each year than you make and investing that in index funds or the like for 30 or so years, which is the way most of America’s millionaires got there. Then again a million ain’t what it used to be.
DD Wiz Premium Member almost 5 years ago
The Koch brothers, Walton heirs, Mercer heirs, Mitt R-money, DeVos family, Bush family, and of course Donald Trump and his kids all inherited their wealth for which THEY DID NOTHING and they understand nothing of how real people live. Trump inherited hundreds of millions in gifts, loans (that were never repaid) and inheritance, and managed to establish record losses — even in his casinos, where the house always wins. (Of course, in typical Don-the-Con style, most of it was other people’s money.)
In contrast, Warren Buffett, the most successful investment capitalist of all time, and George Soros, a successful billionaire industrial capitalist, grew up humbly. Buffett came from Nebraska, where he is known as the “Oracle of Omaha” and still lives (he was told he would never amount to much if he didn’t move to New York City); Soros came to this country with NOTHING as a 15-year-old Holocaust survivor. These two, who inherited NOTHING from Daddy, truly come as close as possible to epitomizing the CONservative myth of being “self-made” as anyone ever could.
But because these successful but ethical CAPITALISTS have the NERVE to remember their humble origins, appreciate the reality that even they were not “self-made” but had lots of help and want to ensure that others have the same opportunities they did, the CONservatives who inherited everything from Daddies and “earned” NOTHING want to label them SOCIALISTS or COMMUNISTS!
The hardest working people in the U.S. are the minimum wage workers who hold down two or three jobs and work long hours to support struggling families.
If wealth was based on hard work, dark-skinned women in sub-Saharan Africa would be the richest people on the planet.
Darsan54 Premium Member almost 5 years ago
No, the most common way the rich are rich is through inheritance. Note even the Koch brothers started with a very rich father. Once you have a lot of money, opportunities open up and allow you to get richer. Unless you’re an idiot like Trump and squander it so that you have to fall in with a criminal set.
wolfiiig almost 5 years ago
A best seller!
superposition almost 5 years ago
https://www.fa-mag.com/news/most-millionaires-self-made—study-says-14565.html
Masterskrain Premium Member almost 5 years ago
Actually, it’s called LYING, STEALING, CHEATING, AND EVADING TAXES!!!!
Ontman almost 5 years ago
To the point and true. Don Jr. is reading it now.
Zebrastripes almost 5 years ago
I don’t believe there are straight lines to being rich…there’s always detours that enhance the bottom lines……a-hem!
mourdac Premium Member almost 5 years ago
Donny is an advocate of the small fortune class: start with a large one and p*ss it away in stupid business deals.
buckyteeth almost 5 years ago
This is the prequel to “How to Become a Multi-Millionaire”.
First, get a million dollars…..
Bookworm almost 5 years ago
Does a tweet count as self-published?
Alberta Oil Premium Member almost 5 years ago
Even a rich daddy is not enough..(sadly they die) you need to enlist the money available from dictatorial governments in return for implied favors.
JohnHarry Premium Member almost 5 years ago
As we say: A member of the Lucky Sperm Club.
Smitty almost 5 years ago
sage advice!
Mr. Blawt almost 5 years ago
This has worked for every millionaire who has taken from the poor while telling them to pull themselves up by their bootstraps.
Ammo is on a break Premium Member almost 5 years ago
Trump was hardly the First Womanizing Spoiled Rich Kid to become POTUS. FDR had a Mistress as a Aid and JFK had well all of them . Being born wealthy is no crime . Focus on Trump being a unapologetic Jerk
montessoriteacher almost 5 years ago
Yes, many of us never had that rich daddy. Like Mick Jagger, my daddy was a gym teacher.
Concretionist almost 5 years ago
The trick according the stories I read is to be sent back in time by a miracle, so you (will?) know then what you know now.