Title: Gatlins Stock tips and money advice Source:
[None] URL Source:[None] Published:Feb 5, 2018 Author:Hopefully Gatlin Post Date:2018-02-05 18:32:47 by A K A Stone Keywords:None Views:30647 Comments:167
You wanna get rich? You just might if you follow this advice.
You wanna get rich? You just might if you follow this advice.
(1) Be favored by God. Concretely, this means being part of the "Lucky Sperm Club", by being born with certain attributes, "making the cuts", in descending order:
(a) be part of the 85% of the world that is born without a handicap or a disability. (One might call the 15% who are born with debilitating abnormalities the "Unlucky Sperm Club")
(b) be born in the First World (that's 8% of the world's population, so to be born unhandicapped in the First World means that you're already in the top 6.8% of the world in terms of "birth luck".
(c) be born white and unhandicapped in the first world ("white" in this case also means being more regular Japanese, Ainu Japanese are a minority that is discriminated against in Japan; the Japanese are not discriminated against in the First World). Being part of the dominant racial/ethnic majority in a First World country carries inherent advantages beyond the mere fact of being born in a wealthy place. Within First World countries there are haves and have-nots, ghettos and well-to-do areas, and throughout the First World, the quality of education and childhood care one receives is closely related to where one grows up, which in turn heavily reflects the racial majority. Racially minoritarian individuals succeed throughout the First World, but the otherwise average or below-average person in terms of native intellect still has a better overall chance of success if born part of the racial majority in a First World Country. Overall, the majority population in the First World represents about 75% of these countries. About 5.1% of people are born an unhandicapped, First World part of the ethnic majority. These people do not have physical or social limitations to operating in the most sophisticated and advanced economies in the world.
(d) Finally, to be born to a family that is in the middle of the middle class or better in a first world country is a tremendous starting advantage. The reasons for this are simple. Simply by being born in a first world country means that one is lucky enough to be born into a land where there is internal peace, stability, rule of law, property rights and democracy. Sure, half of the First World countries are formally monarchies (Japan, the UK, Canada, Australia, New Zealand, Holland, Belgium, Denmark, Norway, Sweden, Luxembourg, Monaco, Spain : all monarchies; the US, Germany, France, Switzerland, Austria, Italy - these are the First World pure republicans) - but those monarchies are all constitutional, and power is vested in democratically-elected legislatures in all of those countries both at the national and local level. The great virtue of democracy is that the economic policies are tilted to the advantage of the greatest number of voters, which means that the middle class and up in the whole First World have good education (relative to the world standard of ignorance), health care, police protection, etc., available to them. A person born to the poor even in the First World has a lower chance of ever being rich, because the schools are worse in poor areas, medical care is poorer, access to computers and training is poorer. The playing field is not even very close to level for everybody in the first world, but for the top half it is much more so.
So, putting that all together, if you're an unhandicapped white born into a middle class family or better in the First World, you have already had most of the work of getting rich in the world done for you by your father's sperm and mother's egg. God saw to it that you were born into the top 2.55% of the world's people, in terms of wealth. You started out wealthy, in terms of all of the benefits of inherited capital, and you are in a place where you will get an education if you just pay attention in class. To get rich, you need to be able to function in a technical, literate society. That takes education. If you were born unhandicapped, middle class white American, you already got, for free (to you)the tools and the background conditions that make it possible for you to get rich through things that you control: your mind and your hands.
If you lack and of those things, then the single greatest indicator of whether you will be able to get rich or not depends almost entirely on who your parents were.
If you're born in Detroit, you can work to get richer with completely average talents. If you're born in Dakar, you were born wealthy and will stay that way, or you were born poor and will stay that way.
To recap: the first piece of advice if you wanna get rich is to choose the right parents.
If you're reading this, that choice was already made for you. You're a white male, somewhere between the working class and the upper class, born and raised in America. You can read and write and compute (you're reading this, after all). School is long past, so you got the education you were going to get. The better one you got, the farther you probably got up to this point. Nobody here on LF, reading this, is going to be redoing high school and going to a better college, getting better grades, etc. That's all water under the dam.
The past is in the past. With all of those advantages already cooked, the real question is what can you do to get RICHER, starting where you are now.
And the answer to that depends mostly on how much money you already have free and clear.
There are really only about three ways to make money:
(1) Sell your time (i.e.: work) (2) Make money on money (i.e.: invest) (3) Be favored by God (i.e.: win the lottery).
The best way to get rich quick is to win the lottery. So buy a ticket. Not 10 or 20 tickets - that's a way to get poor. One ticket gives you a chance. Two individuals both won over $500 million in lotteries in the past couple of years, on single tickets. Chances are, you'll lose. But God favored you once, in your birth circumstances. He could favor you again. Probably won't, but could. That's the best way to get rich.
If you're just working, and you're your age, you're probably not going to get rich. You can secure a comfortable middle class existence for the rest of your life if you're diligent about it.
If you already have money and you want to invest, you can get richer if you invest wisely. How to do that is a whole separate topic.
