Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
Sweet Geezus AOC is a dumb Kunt
Comments
-
It's been my experience has been the farther from the initial creation of wealth, the more fucked up the stewardship of said wealth becomes.MikeDamone said:
According to Thomas J. Stanley's book, "The Millionaire Next Door: The Surprising Secrets of America's Wealthy," only 20% of millionaires inherited their riches. The other 80% are what you'd call nouveau riche: first generation millionaires who earned their cash on their own. Many millionaires simply worked, saved and lived within their means to generate their wealth - think accountants and managers: regular people going to work every day. Most millionaires didn't get their riches overnight when a rich relative died - they worked for the money.pawz said:
That 60% of wealth is inherited is categorically a false statement.GrundleStiltzkin said:
Over 75% of the people on the Forbes list made their money in a single generation. Simple fact.
https://www.google.com/amp/s/www.forbes.com/sites/rainerzitelmann/2019/06/24/amazing-facts-that-prove-inheritance-is-mostly-overrated-as-a-reason-for-wealth/amp/
Usually Gen 3 is about where it all goes to shit - but Gen 2 does a pretty good job of fucking things up.
-
It's been my experience that creators of large amounts of wealth are work junkies. Their greatest hobby is literally working at their job. Look at Buffet. Almost 90 and putting on a suit and going to work everyday. Paul Allen was the accidental billionaire. He retired at age 30. While he putzed around with this investment company, it wasn't working at Microsoft. Bill Gates didn't retire. You know the type - gets in early, leaves late, works on vacation, never far from a cell phone an email. When you are away from your family all the time, it's tough to instill that type of savage work ethic into your kids who probably resent the hell out of you. Think Urban Meyer's daughter.
-
Do you know the difference between "60% of wealth" and "20% of millionaires"?MikeDamone said:
According to Thomas J. Stanley's book, "The Millionaire Next Door: The Surprising Secrets of America's Wealthy," only 20% of millionaires inherited their riches. The other 80% are what you'd call nouveau riche: first generation millionaires who earned their cash on their own. Many millionaires simply worked, saved and lived within their means to generate their wealth - think accountants and managers: regular people going to work every day. Most millionaires didn't get their riches overnight when a rich relative died - they worked for the money.pawz said:
That 60% of wealth is inherited is categorically a false statement.GrundleStiltzkin said:
Over 75% of the people on the Forbes list made their money in a single generation. Simple fact.
https://www.google.com/amp/s/www.forbes.com/sites/rainerzitelmann/2019/06/24/amazing-facts-that-prove-inheritance-is-mostly-overrated-as-a-reason-for-wealth/amp/
I would say you are smarter than that but your body of work says different. -
-
Props to white boy Riley Roberts for identifying his future sugar mama.RaceBannon said:
AOC set to cash out on the speaking/book circuit after she gets voted out of office next term.
-
According to this 70% of the wealth is lost by the second generation. The point being, they vast majority of the wealthy go that way through their own work ,not inherited.PurpleThrobber said:
It's been my experience has been the farther from the initial creation of wealth, the more fucked up the stewardship of said wealth becomes.MikeDamone said:
According to Thomas J. Stanley's book, "The Millionaire Next Door: The Surprising Secrets of America's Wealthy," only 20% of millionaires inherited their riches. The other 80% are what you'd call nouveau riche: first generation millionaires who earned their cash on their own. Many millionaires simply worked, saved and lived within their means to generate their wealth - think accountants and managers: regular people going to work every day. Most millionaires didn't get their riches overnight when a rich relative died - they worked for the money.pawz said:
That 60% of wealth is inherited is categorically a false statement.GrundleStiltzkin said:
Over 75% of the people on the Forbes list made their money in a single generation. Simple fact.
https://www.google.com/amp/s/www.forbes.com/sites/rainerzitelmann/2019/06/24/amazing-facts-that-prove-inheritance-is-mostly-overrated-as-a-reason-for-wealth/amp/
Usually Gen 3 is about where it all goes to shit - but Gen 2 does a pretty good job of fucking things up.
https://www.fastcompany.com/90372281/5-lies-youve-been-told-about-generational-wealth -
Truth. That's pretty close to my fucked up record with family-controlled businesses (not mine, ones I've worked with).MikeDamone said:
According to this 70% of the wealth is lost by the second generation. The point being, they vast majority of the wealthy go that way through their own work ,not inherited.PurpleThrobber said:
It's been my experience has been the farther from the initial creation of wealth, the more fucked up the stewardship of said wealth becomes.MikeDamone said:
According to Thomas J. Stanley's book, "The Millionaire Next Door: The Surprising Secrets of America's Wealthy," only 20% of millionaires inherited their riches. The other 80% are what you'd call nouveau riche: first generation millionaires who earned their cash on their own. Many millionaires simply worked, saved and lived within their means to generate their wealth - think accountants and managers: regular people going to work every day. Most millionaires didn't get their riches overnight when a rich relative died - they worked for the money.pawz said:
That 60% of wealth is inherited is categorically a false statement.GrundleStiltzkin said:
Over 75% of the people on the Forbes list made their money in a single generation. Simple fact.
https://www.google.com/amp/s/www.forbes.com/sites/rainerzitelmann/2019/06/24/amazing-facts-that-prove-inheritance-is-mostly-overrated-as-a-reason-for-wealth/amp/
Usually Gen 3 is about where it all goes to shit - but Gen 2 does a pretty good job of fucking things up.
https://www.fastcompany.com/90372281/5-lies-youve-been-told-about-generational-wealth
First time - second gen fucked it up and I came in and cleaned it back up so first gen didn't stroke out. Pretty sure 3rd gen hasn't fucked it back up but they had a smart lesbo daughter coming down the pike and I think she kicked her parents out.
Second one - very recognizable family business. Third gen still rich as fuck but quite a bit of dysfunction and warring tribes along the way. One tribe won, the other tribe is out doing other shit now. I had the joy to work with the losing tribe.
Third time - third gen totally destroyed it. I bailed after six months when I figured out it couldn't be salvaged. FTG. They are out of business now.
So, yeah - about 70% fuck up by the next gen.
-
I think she wins rather easily. Congress is just one district and why wouldn't they be happy with her?PurpleThrobber said:
Props to white boy Riley Roberts for identifying his future sugar mama.RaceBannon said:
AOC set to cash out on the speaking/book circuit after she gets voted out of office next term.
White boy looks like a hostage video -
Dude, that’s a hostage video.RaceBannon said: -
