DWB

Millionaires (and Billionaires) are smarter, and by "smart" that doesn't have to mean their IQ. That could be their level of education, financial knowledge, and knowing what to do with their money and assets so they keep them. The rich generally know how to keep their money. The poor do not. And if you are poor and suddenly become rich, there is a good chance you will be poor again, because you lack the knowledge to know what to do with your money and assets.

Not a lot of people are just lucky enough to be born with that kind of money in their account or are trust fund babies. Everyone else has to work for it.


Sure, some people just have bad luck, but generally speaking, poor people are usually poor for a reason.

Bad decision after bad decision, a poor understanding of financial knowledge, and no idea how to make their money work for them. Usually will keep you poor or treading water.

You try to prevent yourself from ending up in the soup line by educating yourself, protecting your assets, understanding taxes, and understanding how the entire system/game works. People who understand all of this always end up making money again regardless of how many times they fall on their face.

But shit happens and you can't plan for everything, you can only plan for as much as you can and hope you don't have a stroke in the process, leaving you disabled and drooling on yourself. But even then, if you made all the right moves, you'd still be OK. It's learning what moves to make that separates a lot of the rich from the poor.