How did the rich people you know get rich?
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
| Specific examples please. |
Anonymous
| Bleh. But define rich. Are we talking top 1% HHI? 10 million net worth? Living off interest and not needing to work? |
Anonymous
| gambling no kidding. |
Anonymous
| Birth. |
Anonymous
| Successful Dermatology practice + real estate investments |
Anonymous
| We were all born into it. |
Anonymous
| DeFi staking |
Anonymous
| Tool and die business. Started it in a garage. |
Anonymous
|
Inherited business from daddy, construction. Works little, likes to sport fish.
Inherited money from daddy, who was a bank president. Has "business" where they golf most of the time. One came from a middle class family, but is a mathematical genius and made $$$ by middle age working their butt off for tech companies back in the 90s and 2000s. |
Anonymous
| Almost all of the really rich people I know worked very hard and owned their own business. My wife worked hard and was a director for a privately held company. When offered the opportunity to buy stock in the company she always did. At times I thought she bought too much of their stock. When the company went public the stock became worth over $20MM. She always said it was worth buying. So I’ll add stock options to one way people get rich. |
Anonymous
| Electrician. Started own business. Built it up on large contracts. Sold company for 16 million. Used money to start new electrician business. |
Anonymous
|
- Family money. The couple have normal middle manager jobs in the DMV (150K+ each) in addition to a couple of millions in inheritance along with financial help at strategic points such as downpayments for a home.
- Typical careers such as Investment Banking, Private Equity, Big Law and Medicine - Business owners |
Anonymous
So gambling again |
Anonymous
Most startups fail, so this is less typical. Especially if not founder/executive. Maybe director is very high level? |
Anonymous
| inheritance |