Timeline for How should a jobless father advise his son when he refuses to study because of his educated jobless dad?
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| Feb 7, 2019 at 23:16 | comment | added | pojo-guy | Mostly, those 84% invested in their 401K's and lived below their means. A small number built businesses, but they were, again, the statistical outliers. About half of millionaires in the USA are retired schoolteachers, and almost none of the millionaires ever broke the 6 digit annual income ceiling.. | |
| Feb 7, 2019 at 23:08 | comment | added | KRyan | @pojo-guy Yes, but how much of that 84% got to be millionaires without working hard, as specified in my comment? I suspect just about none of them. Sure, there’s some lottery winners or others with similar luck, but that’s a tiny fraction—justifying my “almost all.” I mean, I get your point that a million isn’t what it used to be, but still, I don’t think that undercuts my point in any way. | |
| Feb 7, 2019 at 23:03 | comment | added | pojo-guy | @KRyan 84% of millionaires in the USA received no inheritance - those who inherit wealth are also statistical outliers. reference: "Everyday Millionaires" by Chris Hogan | |
| Jan 25, 2016 at 19:19 | comment | added | user7678 | +1000 for "Success is not measured by how many times we fall, but by how many times we pick ourselves back up." | |
| Sep 2, 2015 at 15:52 | comment | added | DanielST | @SteveJessop High school (in NA anyway) is easy enough that a good chunk of the population doesn't need to study. Heck, a good number of college degrees don't require studying for maybe 20-30% of the people that take them. | |
| Sep 1, 2015 at 7:28 | comment | added | Steve Jessop | @KevinKrumwiede: But people who literally don't study at all will probably not graduate high school, so that's where to look for them (cue a bunch of people saying "high school's so easy you don't have to study", which I'm not sure is really true since there's some stuff you have to learn, but I suppose it's true you don't necessarily have to study hard, which is what the question's about). | |
| Aug 31, 2015 at 2:46 | comment | added | Kevin Krumwiede | @SteveJessop Dropping out of high school doesn't imply not studying. I dropped out of high school so I could spend more time at the library. | |
| Aug 30, 2015 at 11:29 | comment | added | Steve Jessop | Right, college drop-outs by definition got into college. It's the high-school dropout millionaires (of which there are probably fewer but certainly more than none) you need to look at, if you want to figure out how it's possible to make it without studying. Discounting those who inherit I suspect it's mostly people who worked hard at something non-academic: small businesses, drug-dealers, whatever. | |
| Aug 29, 2015 at 14:56 | vote | accept | user4576128 | ||
| Aug 28, 2015 at 21:48 | comment | added | Max | @William'MindWorX'Mariager: that's one reason "Harvard is a great place to drop out of" -- dropping out of Harvard gives you things that not going to college in the first place does not: a few semesters of high-quality education, contacts with some of the smarter and wealthier members of society, etc. | |
| Aug 28, 2015 at 20:55 | comment | added | William | It's also important to note that even one or two semesters of college will give you knowledge which possibly gave you the last bit you needed to "go make it on your own". I make this point with everyone trying to argue college is overrated by making examples of different millionaire drop-outs. | |
| Aug 28, 2015 at 18:41 | comment | added | KRyan | Most (20th-century, anyway) college drop-out millionaire stories are of people who were already working very hard to understand a new and disruptive technology, and got to college only to realize that their professors had not yet managed to grasp the intricacies of the new technology; in short, that they knew more than their professors. Dropping out then involved a great deal of hard work starting a new business in a new industry etc. etc. You can be a millionaire as a college drop-out, but in almost all cases inheritance is the only way to be one without working hard. | |
| Aug 28, 2015 at 14:47 | history | answered | Becuzz | CC BY-SA 3.0 |