Jul 24 - How the Richest 400 People in America Got So Rich

Exactly. Work smart not hard

Yup

Btw, the comments on the article are funny as hell. So many people salty as hell they didnt invest earlier or at all. How you gonna be mad at someone else taking initiative to earn capital gains[pic][pic]

i dont kno bout that...they made some good points. Rich ppl r going to have access capital to invest thus giving an advantage to the top 10%, whereas your average American doesn't really have enough money from salary to invest and make a significant gain.

I was once told by a wall street trader that if you don't have at least $100,000 to invest, there's really no point (unless you tackle penny stocks or something). Based on economic statistics the average American can't afford to invest....with that being said, Americans are TERRIBLE at saving...but when we save, we hurt our economy...catch 22

i dont kno bout that...they made some good points. Rich ppl r going to have access capital to invest thus giving an advantage to the top 10%, whereas your average American doesn't really have enough money from salary to invest and make a significant gain.

I was once told by a wall street trader that if you don't have at least $100,000 to invest, there's really no point (unless you tackle penny stocks or something). Based on economic statistics the average American can't afford to invest....with that being said, Americans are TERRIBLE at saving...but when we save, we hurt our economy...catch 22

personally, i think that the whole game is shifty. i mean, let's not get it twisted, the two oldest ways to make money in the us is either stocks or real estate. not everyone is going to know about either game, or be able to afford to play and the game itself is geared towards eliminating the competition. think about it, you want to control all the stocks or all the real estate. that's the name of the game so ultimately people are going to quit the game or get tossed (bought out, lose money, spend money in the game and then quit). that's going to leave all of the money in the hands of the few who remain in the game or have been in the game...forever...while the scraps get divided out to the rest of us. so to play, you have to play to win and someone has to lose. and then they fix the game, those funny mortgages from yrs ago, the "new" libor rate scandal........meanwhile, those who don't know or can't afford to play continue to lose cuz someone has to lose........this is the real catch 22. to get rich, or wealthy, you have to "earn" the money but someway, somehow you have to get it from somewhere, or someone. All things come to an end though. you can put air into a tire but for so long, even if you continue to patch the holes when they come. the tire tread is going to go sooner or later.....houses went...we got the stock market, student loans, health care.....they spend more on "war" than they do "peace", in all markets, and literally....the next year's time should be a really interesting one.