101–110 of 296 posts
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>In 2004, we had 59% of the Forbes 400 having made their own fortune, as opposed to 41% who inherited it. Quote from your own source...
The article explains that they rank the level of "self-made-ness" out of 10, with 10 being from a poor family with no advantages. Then it says " A total of 34 billionaires, or 8.5%, scored as 10s".
Sure usually that equates to intelligence. However iq tests do not, measure intelligence.
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I see money as freedom. My ultimate goal is to save enough so that I don't have to work. Eventually, that will be the case, hopefully not on my deathbed. If the majority of the population thought that way, we'd have an economic collapse though, so forget what I said.
But I enjoy work. I'm happy that I'm well compensated for the work I do, but even without that I fundamentally enjoy my work. In fact work is preferable to how I spend a lot of my free time. Would I like to work more flexible hours and get paid the same to work 30 hours instead of 37.5 a week then sure, but otherwise what would money be buying freedom from? I suppose owning a house out-right would be freedom from wor…
https://en.wikipedia.org/wiki/Stanford_marshmallow_experimen...
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I wanted kids. I believe your statement is still correct. In my case I subjected myself to prison because of biology ruling over my logical processing unit. Humanity goes on as a result of that, I am quite sure of it. :)
I get that, but my friends are starting to have kids and I'm rather looking forward to being their crazy uncle and teaching them how to solder and take things apart etc. I love kids, I just don't want to be the one primarily responsible for them
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I'm not single, but you're right about the kids. In my world view having a kid is similar to an 18 year prison sentence.
Kids are great. I have 3 kids and to me it is nothing like a prison sentence. I love watching them grow up, it is taking me back to the happiness and carelessness of my own childhood every day. It also gives me a sense of purpose that I would have never found without kids and what I gave up in freedom is made up in love, affection and just plain fun. Based on my experience I am 100% convinced that people that can't f…
A truly smart person will have a very impressive, convincing answer to this question.
Having a rich daddy is probably the largest influence in someone's chances of being rich themselves, at least in the US.
Interesting. I'm a 1%er and I have a piece of paper that says I'm pretty smart, but: > a personality trait marked by > diligence, perseverance and > self-discipline I see myself as pretty lazy, impulsive, and slap-dash, and tend to use my brain to brute-force lazy solutions to problems. I am too lazy and don't have the concentration span to pay attention much in meetings, but can generally utter something profound ne…
I'm not affiliated with CFAR or anything, this is an option I am seriously considering though.
Getting rich, at least under our current system, has a lot more to do with luck (mainly being in the right place at the right time) than it does with being smart or even working hard. The reason perseverance (which is related to working hard, but is not quite the same thing) helps is that the more willing you are to keep playing the game without winning the more likely you are to eventually win. (You can see this dyn…
http://www.shenlanguage.org/lambdassociates/htdocs/blog/bipo...
I can add that academia is generally equally part of the same order. The game gets quite annoying after a while, since you realize one is basically doing the same x + delta thing and calling it the next great coming.
Most income-rich on the other hand, are smart.