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Originally Posted by BlackCrayon
People always say, stop whining and get to work on your own deal but its a mathematical impossiblity for everyone to be successful. Society wouldn't function properly if everyone was. So what do you say to the % who will simply never be successful no matter how hard they try?
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Correct, if everyone did the same biz plan at the same time they would all fail. Not all people will have a good idea nor will all people even try, in fact the huge majority of people WILL NEVER EVEN TRY. The reason everyone isn't successful is because the world is a kaotic place where things happen, people get sick, die, lose interest, become lazy, become unmotivated. Some people don't have the intelligence to be a millionaire. But everyone has the ability to try to do so and when you placate people with easy entitlements the motivation to even try is gone.
I can go lookup the stats (not gonna) on how many businesses a successful entrepreneur has had that failed before one succeeded (lots of failures). It takes failure to get the wisdom to succeed in many cases. The ones who learn from their mistakes have a better chance of succeeding, and then there's people who never learn from their mistakes and try to do the same thing over and over expecting to succeed with the same shitty idea.
The idea that you can create your own wealth from your own work is the OPPORTUNITY we should all be guaranteed, and not be penalized for when we achieve it legally. The idea that everyone is entitled to something for nothing is a disaster for any society and it's the path our country is now on.
Quote:
Originally Posted by BlackCrayon
I also don't know what you consider as rich. I don't consider someone making 335k a year rich. A recent artcle said that rich is defined as having 26 million dollars. I don't know if i'd go that far but i'd say you have to make at least 1 million a year to be barely 'rich'. Opportunities might be everywhere but you need the right idea at the right time. Launch facebook in 1998..it would of most likely failed but in 2004-5, it was just what people wanted at the time and it blew up huge. Zuckerberg happened to be the right age to understand the demographic and the programming behind it. Had he been 10 years older, he wouldn't of. Or look at 'domain king Rick Schwartz. Had be been born 15 years later or earlier he never would of been able to register all of the great .com's that made him millions. Would he of been successful elsewhere? Very possibly but not there.
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Our current govt' considers anyone making over 250k a year rich enough to pay extra taxes. To be in the top 1% you need to be making $340k according to the IRS. To be in the top 0.01% you have to make more than $1,432,890 as of 2009 according to the IRS.
I consider "rich" meaning you never have to work another day in your life to maintain your desired lifestyle for you and your family. Everyone number will be different.
As far as your examples with Zuck and the king, that's just silly. Zuch was intelligent enough to succeed at any time IMO, if not with facebook, than something else. Knowing what people want, and how to create it and sell it to them is the mark of a good businessman. The king had the fore site to invest in something and he did and it paid off in spades. Could he done the same thing in another industry? why not, plenty of industries to successfully invest in.