Reply to How many 55yo that you know in DMV have $3M+ NW?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Having 3M by age 55 is like going to high school and getting straight As. How many kids do you know graduated with a 4.0? Not many right? But it wasn't rocket science. Some kids just studied while others didn't.[/quote]

I think this is a really good analogy![/quote]

It’s not a good analogy, more often that not getting rich is a function of timing and luck rather than working hard, it’s just a plain hard fact. For example, you are able to get that high paying job for which there were 300 applicants, sure you were qualified but so were at least 30 others but you lucked out and now you can earn and save. Anyone of us who doesn’t credit luck with our success is being disingenuous. Even Jamie Dimon recognized it as a huge factor in his success ( His Harvard commencement address).[/quote]

yes luck is part of it.  But let's say you take 10 kids from the same HS, with the same economic background (MC to UMC), where education is valued in their homes.  The kids who graduate with a 4.0 versus those who graduate with only a 3.2 is because the one person put in more work (99% of the time).  That same 4.0 kid will go to college and strive and work equally hard to do well, find internships by applying to 200+, not just 1-2 of them and being done.  The drive they had in HS continues into college and beyond.

So yes, a bit of it is luck, but a lot of it is hard work.  Being motivated to do well in school, and build the skills you need to do well in a career is at least 75-80%+ of succeeding in life.  And creating the path you want---if you dont get the job 300 people applied for, it's asking questions and figuring out what you can do to improve you so next time time you might get it

[/quote]

OMG. You’re so full of sh!t that you think doesn’t stink. [/quote]

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