Like 90% of all rich people are not self made but come from rich/upper middle class families. Only a tiny percentage of rich people come from below mid level Middle Class and are outliers.
Yet there are so many fools out there that maintain how much smarter/bolder/hard working these people are – its infuriating!
Disregarding the 10% or so that really managed to do it on their own – mostly through sheer luck – the other 90% had a headstart – thats why the are so successful.
An Upper Middle Class child where Mommy/Daddy have a paid off big house – 5 paid off cars – and some 300 000 Dollars of cash saved in their bank account – will get a better education – better possibilities – a better safety net and a better starting position than a lower Middle Class child where Mommy/Daddy rent an appartment – have just one paid off car and some 5000 Dollars in their bank account.
Sure you need luck and skill to make something successfull but tell me which level is harder?
Level 1:
You come from a poor/lower Middle Class family and have scraped togehter 15 000 Dollars for a business idea. You have to take a 150 000 Dollar loan. You have to be very careful because you get one chance at this. If you fail than you will be homeless or forced to live in debt for the next 20-30 years.
Level 2:
You come from an Upper Middle Class family. You saved some 50 000 Dollars – Moomy/Daddy gave you another 200 000. You dont have to take a loan or just some 50 000 Dollars. You can take risks because if you fail it will be painful – but not devastating to your existence and you might try again in a few years.
Level 3:
You come from a rich family. Your parents can give you 500 000 or 1 Million every few months or so. You can afford to hire experts and competent people that build the company for you. If you fail several times – nothing happenes. Your parents might get agitatet after the 10th time you fail – but if you blow just 5 or 10 Million and manage to get it right by your 5th attempt – everything will be fine.Not to mention the connections the expertise the knowledge your parents provide for free – on top of all the money.
Wow these Level 3 people are so much more competent – so much smarter – so much more hardworking than those jealous Level 1+2s…… Its not like they have it easier or anything….