If you’re so smart why aren’t you rich?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Smart people - in the DC sense - are risk adverse.

This is it. They don’t have entrepreneurial spirits.

Yeah, I think most book smart people lack the risk tolerance necessary to become very rich. Most rich people in the US own or owned a business instead of steadily climbing a well defined path. Lots here would be surprised what a busy HVAC contractor can take home each year (it’s similar to a biglaw partner, but much better lifestyle).

You call going into 160F attic to fix AC "better lifestyle"....really? Its hard, dirty work.....but yes like most blue collar jobs, they can make a good living.

The guy who owns the company is no longer doing that kind of work. That’s what the employees are there for.

[Anonymous]

All of these tech companies people idolize are full of brilliant, not wealthy, engineers. My company isn’t a tech company but we regularly compete for talent with them in SV. Our comp for engineers and leaders is inline with that market and we poach (and are poached) regularly. There are a ton of companies like this hiring a ton of extremely smart people on normal comp ranges. Smart doesn’t make you “rich”, but it can help.

[Anonymous]

Anonymous wrote:My sister in law is dumb as a brick and her husband lazy.

They are filthy rich as he just did S&P 500 last 40 years. No investment advisor, no rental properties.

As simple as putting $5,000 to $10,000 a month in stocks for 40 years.

Is this satire?

Who has $60k - $120k of after cash income to plow into the stock market year after year?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Smart people - in the DC sense - are risk adverse.

This is it. They don’t have entrepreneurial spirits.

Yeah, I think most book smart people lack the risk tolerance necessary to become very rich. Most rich people in the US own or owned a business instead of steadily climbing a well defined path. Lots here would be surprised what a busy HVAC contractor can take home each year (it’s similar to a biglaw partner, but much better lifestyle).

You call going into 160F attic to fix AC "better lifestyle"....really? Its hard, dirty work.....but yes like most blue collar jobs, they can make a good living.

The guy who owns the company is no longer doing that kind of work. That’s what the employees are there for.

It take a while before the owner get to a place where they don't need to do that - years or never. Even thereafter, the owner will need to get involved. In these busineses, it is extremely difficult to get quality staff stick with you, and if you are able, the good ones either leave for better opportunities or start up an operation on their own - with your customers and compete with you. Trust me...BTDT