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Originally Posted by gleem
Correct, if everyone did the same biz plan at the same time they would all fail. Not all people will have a good idea nor will all people even try, in fact the huge majority of people WILL NEVER EVEN TRY. The reason everyone isn't successful is because the world is a kaotic place where things happen, people get sick, die, lose interest, become lazy, become unmotivated. Some people don't have the intelligence to be a millionaire. But everyone has the ability to try to do so and when you placate people with easy entitlements the motivation to even try is gone.
I can go lookup the stats (not gonna) on how many businesses a successful entrepreneur has had that failed before one succeeded (lots of failures). It takes failure to get the wisdom to succeed in many cases. The ones who learn from their mistakes have a better chance of succeeding, and then there's people who never learn from their mistakes and try to do the same thing over and over expecting to succeed with the same shitty idea.
The idea that you can create your own wealth from your own work is the OPPORTUNITY we should all be guaranteed, and not be penalized for when we achieve it legally. The idea that everyone is entitled to something for nothing is a disaster for any society and it's the path our country is now on.
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Yes but what about the guy who tries and tries and fails and fails until he can't afford to try anymore? Is he not motivated? Does that mean he is not smart? Or does it mean that its very difficult to break into an already developed market? Its quite hard for an a newbie to compete against those already established. There are loads of variables but at the end of the day there are many very competent people who will just never succeed despite their brains, money, etc.
The world relies on people being so poor in third world countries that they will work for pennies. The world relies on people being mcdonalds workers, garbage pickers, etc. Society wouldn't work if everyone was a millionaire.
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Our current govt' considers anyone making over 250k a year rich enough to pay extra taxes. To be in the top 1% you need to be making $340k according to the IRS. To be in the top 0.01% you have to make more than $1,432,890 as of 2009 according to the IRS.
I consider "rich" meaning you never have to work another day in your life to maintain your desired lifestyle for you and your family. Everyone number will be different.
As far as your examples with Zuck and the king, that's just silly. Zuch was intelligent enough to succeed at any time IMO, if not with facebook, than something else. Knowing what people want, and how to create it and sell it to them is the mark of a good businessman. The king had the fore site to invest in something and he did and it paid off in spades. Could he done the same thing in another industry? why not, plenty of industries to successfully invest in.
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my point with zukerberg and rick was that timing played a big part in what they were successful in. Of course i think they could of been successful at other things. although perhaps not quite as successful. Its hard to say but regarding what they are successful for, if not for timing, would be completely different. I just wanted to point out that timing and luck does play some part in success.