I never said anyone can become a millionaire, just pointing out that millionaires are not always college graduates; evil rich people taking advantage of the stupid and ignorant among us. Most are hard working people who invested their money and worked their lives for financial success.
They're not. However pointing out that you don't need a college degree to be a millionaire doesn't do anything. People with college degrees are more likely to earn more money. We're talking averages here Ray, you know, all the people, not just a cherry picked few.
Yes, on average they do make more money because people are geared towards working for others instead of working for themselves. But as the old saying goes, you'll never get rich working for others unless it's the government.
The great thing about this country is everybody has a chance at wealth. It's more creativity, ideas and risk than education.
I've run across a few instances in my line of work. Years ago a grunt worker at one of our customers had a few ideas that would improve production and decrease waste. He took his ideas to the owner of the company. The owner of the company told him to just mind his work, and he will figure out what's best for his company.
So the worker went out and found an investor for him to start his own company using the ideas he created at his former job. The new company grew three times the size of his former employers, and it's still growing today. In fact, he recently bought out his former employers company.
Another one I know of is a guy who worked in a packaging warehouse. He too thought he could do things better and more profitable. So he used his master card to borrow ten grand to try and start his own packaging company. Before he knew it, he was swamped with work, he opened up another warehouse, then another one, and eventually had seven huge warehouses he was running.
If I were younger and had a few bucks, I would open up my own company too. I see the success my employer has but also noted many mistakes he made and is still making. It's not just me, but my coworkers and I talk about it all the time. Like the other people I mentioned, when I approach my employer about how to do things better, he told me to just do what he hired me for and let him run the company.
But then potentially there are two types of people. Those what want the security of working for others, they're not worried about being millionaires, they just want enough money to live well, have education for their kids, have healthcare, have security etc.
Then there are those people who think money is the most important, and they'll push for working on their own, in order to take the risks, they might make it rich, they might not. They might work 80 hour weeks or more and get nowhere, or they might make it super rich. It's a risk.
But the reality is in the US that it's hard to make it, you are competing against lots of companies, and ones who are bribing the govt to make their company have a bigger advantage. The point I have been making, and you've been ignoring, is that the govt makes it HARDER for the small guy to make businesses that succeed.
I don't buy that.
I stopped at my beverage store on the way home from work. As usual, I BS'd with the owner for a couple of minutes. He's a guy from India. Came here with little, worked hard his entire life, and now he has a very successful beverage store, several rental properties, and he recently bought a hotel.
His wife quit working the beverage store to run their hotel. He said he's making very good profit on it already, but working on his feet his entire life, he no longer has what it takes to do the jobs needed to be done at the hotel. He's physically worn out.
How is it somebody can come here from another country and do ten times better than most of the people born here? I'll tell you how, it's determination. Its hard work. It's the desire to have financial security and success. He has ten times the American spirit than Americans born here.
23 years ago when I was younger, I took everything I had and got everything I could borrow to buy the apartment buildings I was renting. It's not enough to live on, so I still worked. But I spend a lot of money on this place, work on it after my job and on weekends. Don't get me wrong, I enjoy it, but I also envy my tenants when they are outside enjoying this weather and they don't have to do anything.
I'll never be rich, but when I retire, I won't be one of those people crying because other people have things I didn't provide for myself when I was younger. While other people spent their money on luxuries, vacations, and entertainment, I spent my money on land investments.