Obscene accumulations of wealth: Possible as a result of working harder than the next guy!?

Question

If I work harder than the next guy, will I be rich, or do I have to acquiesce to the notion that converting someone else's labor into profit IS THE ONLY WAY to accumulate obscene amounts of wealth? I do not want to be unfair. My thesis is that no amount of work can lead to the vast accumulations of wealth some people hold, unless it was someone else's work which led to those vast accumulations of wealth (employees' work, slaves' work, yeomans' work... what have you.)

Answer 1

There is a wonderful book called the "Millionaire Mind," which studied 1000 self made millionaires. I suggest you read it.

Second, what is wrong with having employees work for you. Imagine you wanted to build your own home, is there any dishonor in hiring people to help you? Imagine you wanted to sell food to the public, is there any dishonor in hiring a cook or a waitress? A person who is an employee wants a wage rather than to be self employed. They are making a willing trade. They are surrendering a share of their work to residual clamants such as banks and business owners in exchange for a guaranteed fixed return for their work.

Finally, I have known janitors who have accumulated millions. As one told me, it isn't what you earn that matters but rather what you spend. They still made money off of others work either through loaning money to banks and companies in the form of bonds and cds, or by owning businesses in the stock market.

So, if what you are doing is accepting a fixed reward that is less than the total value of your work, then you will not become obscenely rich no matter how hard you work, because to avoid using someone elses work you cannot put any money in the bank, you cannot use a 401(k) and you cannot own stocks or bonds. You could potentially buy land for cash but you would have to put the cash in a jar until you saved up enough and that would probably take a lifetime without any interest accumulating.

Answer 2

Well I don't know how much and obscene amount of wealth is, but I guess you'd know if you saw it. Your statement seems to be hoping that your failure to achieve a wealthy status is due to your own high moral standards rather than laziness, bad decisions, or other flaws in yourself.

Most of the very wealthy people I know have become that way by working hard, making good decisions, and taking risks. There is also a fundemental difference in the way they look at money. Most people look at money and see all the things they can buy with it. The wealthy look at money and see seeds, to be planted to make more money.

They risk their money from Hard work, by using it to start or invest in businesses so they and make more more money. Those businesses provide jobs for people like you and me.

Socialism needs to be called by its real name, slavery. Where every person and all they produce belongs to the state.

Answer 3

there have been 3 adult men on an plane. certainly one of them desperate to hold a toddler, there's a crash. there is largely 3 parachutes so as that they pass away the toddler at the back of. They fly to the backside and pay attention screaming, they stumbled on the toddler. ''How did you get down right here?!'' asked the dad. the toddler spoke back, ''Me no longer dumb, me no longer stupid, me carry directly to daddy's willy!''. Why did no longer the skeleton pass to the social gathering? with the aid of fact he had no physique to pass with. Yo mama lost so might tooth, her tongue is in detention center (her tongue can get away). A blonde is sick of being observed as dumb so she makes a decision to dye her hair brunette. a pair of lads in a bar project her with the aid of fact the blonde became into popping out returned. ''ok, i'm a blonde''. and she or he accepts the project. She studied stressful to coach she became into clever. the subsequent day between the adult men says ''Whats the capital of Egypt?''. ''E'' suggested the blonde. yet another says ''what's the capital of Greenland?''. ''G''. The final lad says ''What am I thinking?'' The blonde replies, ''i'm clever.'' ''No.'' suggested the final lad. ''Your no longer blonde in any respect, your bald! Your recommendations does not artwork in case you do no longer advance hair!'' he laughed. So the baldy walked living house regrettably. No offense. .| .v A black guy walks right into a cafe and realises hes the only black man or woman there. He calls the waiter. ''Sorry sir, we don't serve colored human beings.'' suggested the waiter. The black guy says: ''while i'm commonplace i'm black, while i'm sick i'm black, while i'm chilly i'm black, while i'm warm im black, when I die i'm black. yet you sir: while your commonplace your crimson, while your sick your eco-friendly, while your chilly your blue, while your warm your crimson once you die your gray.'' The waiter regrettably walks returned. wish this permits!

Answer 4

i think it is possible but it is based on workin on ur ideas. not the next guys. Bill didnt create microsoft for someone else? trump didnt get into real estate for someone else? oil investors are not concerned with the next guy? So why should u its a good start to work for the next guy but its rare u might be wealthy working for him. or working more than him.

Answer 5

Hard work almost never makes someone rich.

The rich either inherit their wealth (Paris Hilton),
steal it (any politician),
or abuse the poor to get it (Bill Gates in India).

Answer 6

You are absolutely correct. Your thesis is correct.

What are we going to do to make everyone in the world more prosperous so the world is a fairer and more peaceful place?

Yours;
Jonnie

Answer 7

Only possible if you work harder at SCREWING OVER the next guy.

Answer 8

socialism is the only answer