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

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Reply to "If you’re so smart why aren’t you rich?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Smart people - in the DC sense - are risk adverse. [/quote]

This is it. They don’t have entrepreneurial spirits. [/quote]

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). [/quote]

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. [/quote]

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

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   [/quote]

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