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By age 65 , per 100 people
1 is wealthy
4 are well off
5 are still working because they have to
54 are living on family or government support
36 are dead
Source: U.S. Dept of Health, Education and Welfare
Originally posted by BASSPLYR
what sort of get rich quick schemes are you talking about just curious, there are a ton of them out there, which ones are on your radar.
I agree that people have no financial aptitude. you can get rich very quickly though I've seen that happen. But generally people get wealthy slowely. wanna know a secret to getting rich, have a large network. it's who you know. you can get rich very quickly if you get in with people who are rich and a willing totech you how to get a piece of the money. to get money you have to go where money is.
Originally posted by sc2099
I never understood why they didn't teach people to balance a checkbook, calculate interest, plan for retirement, or explain the difference between high risk/low risk, and the importance of credit, etc. in school.
Originally posted by Skyfloating
reply to post by sc2099
Since you underlined "the importance of debt" you might want to clarify, for the readers, what you mean by that.
Originally posted by iiinvision
school teaches you the opposite of being rich. Rich has nothing to do with making money. Its all about giving.
I suggest, for the novice in financial education, which cannot be learned in any public school or most colleges/universities Rich Dad Poor Dad
Originally posted by Skyfloating
An old buddhist joke that exemplifies a certain "path to failure" attitude concerning money:
Two zen monks die and go to heaven. God awaits them and tells them they have passed away too early and need to go back to earth. But he gives them choices as who they wish to return. He says: One of you can be someone who is always getting money. The other one can be someone who is always giving money. The first monk enthusiastically shouts: "I want to be the one always getting money!!!!". And so the second monk will be the one always giving money.
The first monk returns as a beggar, the second monk returns as a billionaire.
Originally posted by Cadbury
That doesn't sound much like an old Buddhist joke to me. Where did you hear it, Sir?
Originally posted by dawnstar
the best way to get rich quick is to think of an idea to get rich, and well, sell the information......at least that is what appears to be happening. the main ones getting rich are the ones selling people their plans to get rich.
there was a time that I worked at a little gas station/convenience store. every morning this old man would walk through and go through our garbage, pick out all the bottles and cans, and then go on his was to his next stop. he was dressed in rags, and gave the impression that he was the poorest of poor. but, well, this man was worth a few million. so, maybe one of the keys to getting rich is to not be so high and mighty that you won't bend down to pick a penny up off the sidewalk and to be such a tightwad, that you don't go spending money on every get rich scheme that pops up?