Anonymous wrote:The older I am the more I am learning that only the smart people are the ones who are able to make real money. They are creative, diligent and understand how the world works and how to solve problems and improve their lives.
If you cannot do that then, I’m sorry you are dumb.
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.
Anonymous wrote:The older I am the more I am learning that only the smart people are the ones who are able to make real money. They are creative, diligent and understand how the world works and how to solve problems and improve their lives.
If you cannot do that then, I’m sorry you are dumb.
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).
Anonymous wrote:Anonymous wrote:Smart people - in the DC sense - are risk adverse.
This is it. They don’t have entrepreneurial spirits.
Anonymous wrote:Anonymous wrote:Anonymous wrote:There are different kinds of "smart".
I was book smart but made poor choiced in career, mate, etc.
What is "smart"? What benchmarks do you use for intelligence? My grandfather had untreated dyslexia growing up, never went to college, became a plumber, built a multimillion dollar plumbing and heating business, invested very well, had a NW of close to $10M and retired in his 50s after having six children and paying for all of them (and their children) to go to college. My grandfather valued education, despite not having a lot of traditional education, and was a great investor and businessman. In contrast, my parents who collectively have two masters and a PhD (and have been working for 45+ years) make a combination of $160K working for state government and a local community college.
you forgot a critical skill required to be a rich plumber - dishonesty, ripping off innocent, ignorant homeowners!
Anonymous wrote:Anonymous wrote:Smart people - in the DC sense - are risk adverse.
This is it. They don’t have entrepreneurial spirits.
Anonymous wrote:Smart people - in the DC sense - are risk adverse.
Anonymous wrote:The older I am the more I am learning that only the smart people are the ones who are able to make real money. They are creative, diligent and understand how the world works and how to solve problems and improve their lives.
If you cannot do that then, I’m sorry you are dumb.
Anonymous wrote:Anonymous wrote:Anonymous wrote:There are different kinds of "smart".
I was book smart but made poor choiced in career, mate, etc.
What is "smart"? What benchmarks do you use for intelligence? My grandfather had untreated dyslexia growing up, never went to college, became a plumber, built a multimillion dollar plumbing and heating business, invested very well, had a NW of close to $10M and retired in his 50s after having six children and paying for all of them (and their children) to go to college. My grandfather valued education, despite not having a lot of traditional education, and was a great investor and businessman. In contrast, my parents who collectively have two masters and a PhD (and have been working for 45+ years) make a combination of $160K working for state government and a local community college.
you forgot a critical skill required to be a rich plumber - dishonesty, ripping off innocent, ignorant homeowners!
Anonymous wrote:Anonymous wrote:There are different kinds of "smart".
I was book smart but made poor choiced in career, mate, etc.
What is "smart"? What benchmarks do you use for intelligence? My grandfather had untreated dyslexia growing up, never went to college, became a plumber, built a multimillion dollar plumbing and heating business, invested very well, had a NW of close to $10M and retired in his 50s after having six children and paying for all of them (and their children) to go to college. My grandfather valued education, despite not having a lot of traditional education, and was a great investor and businessman. In contrast, my parents who collectively have two masters and a PhD (and have been working for 45+ years) make a combination of $160K working for state government and a local community college.