Quote from Mr.Consistent:
Ok, no problem. Either way, the secret to riches is not in how much money you earn. There are many people who work as cleaners, laborers, or at McDonanlds, and some of them do become rich. Personally I don't believe that people who work at low paid jobs are dumb, they are just on a different path or at different stages of their life, and their respect should come from within and not from what others think of them, even though I believe that most rich people do respect them.
You see, the secret to riches is within your mind. Even toilet cleaners who make just a couple hundred bucks per week instead of couple grand like traders can become millionaires, just by changing their attitude and getting basic money education such a reading books like 'Rich Dad, Poor Dad' to get them to start thinking differently and obviously they have to apply the principles of rich. Things like "compounding interest" can do wonders if applied in one's favor, however most poor people buy liabilities on credit and have "compounding interest" work against them. Awareness and application of simple things like this is where the rubber meets the road, and not in taking away from the rich. Poor people in the western world need to learn to take responsibility for their mistakes, and work on self-improvement instead of blaming the government and the rich.
I think poor people in the western world want instant gratification, they spend more than they earn, or/and they lack planning and goal setting and start businesses without proper business plan and research and then when find themselves in the deep hole they want the rich to rescue them. Iââ¬â¢d bet that that 99% of the poor people in western world doesnââ¬â¢t have a plan and written goals with sound low risk strategies, and then they become "victims of circumstances".
If the poor people don't stop and do some introspective work and stop self-sabotaging themselves, they 'll continue to be like rats on a treadmill. Someone once said that if all the money from the rich would be distributed to the poor, then in couple of years the rich would have their money back and the poor would be poor again. I tend to agree with that, because rich people have different psychology in comparison with the poor.