If you didnt inherit billions, you need to work harder

[Kaido]

I see you are from Connecticut. how much is our minimum wage, around $8/hour?

I do not see how you could live in Fairfield County with that after all of your expenses such as health insurance, automobile insurance, utilities, rent (which is around $900+ for a 1 bedroom) or property taxes (which are $5000 minimum). I am not in that position but I don't see it happening, that's probably why such a high percentage of families are under government aid, be it section 8 or food stamps. Private companies pay workers peanuts and the government covers their costs through aid.

I'm over in Hartford county. I lease a Kia. My car tax - yes, on a leased car - was $400.

 

[Kaido]

Did anyone actually bother to even read the article? 😀

"There is no monopoly on becoming a millionaire," she writes. "If you're jealous of those with more money, don't just sit there and complain. Do something to make more money yourself - spend less time drinking, or smoking and socializing and more time working."

"The lessons are the same," she writes. "You can't get rich without working hard, taking risks, investing and reinvesting your profits."

I hate to say it, but I'm going to have to agree with her here...I work in a factory shop and hear people complain all day about this stuff, and then go off to Foxwoods and gamble & drink their paycheck away every weekend. Even if Obama dropped a hundred grand in their lap, they'd just fritter it away because they have no money management skills. Some of the best advice I ever heard was "even if you only have a dollar, manage that dollar" - the lessons are the same whether it's a dollar or a billion dollars.

Although starting out with a billion dollars definitely doesn't hurt :awe:

 

[sandorski]

Did anyone actually bother to even read the article? 😀





I hate to say it, but I'm going to have to agree with her here...I work in a factory shop and hear people complain all day about this stuff, and then go off to Foxwoods and gamble & drink their paycheck away every weekend. Even if Obama dropped a hundred grand in their lap, they'd just fritter it away because they have no money management skills. Some of the best advice I ever heard was "even if you only have a dollar, manage that dollar" - the lessons are the same whether it's a dollar or a billion dollars.

Although starting out with a billion dollars definitely doesn't hurt :awe:

She's proof that u can. That's the main problem with her argument.

 

[SlitheryDee]

The problem is, there is no guarantee you as an individual among 7 billion people and growing, will ever have an opportunity to suddenly do that "stimulating" job you think will make you work harder to make more money.

I like my job, heck i loved my job i had as a teen at the local cemetary, problem is, no matter how much harder i work in my stimulating job or my past ones, i still make the same amount. My job is not boring, i enjoy it, but it can only pay so much. Become owner of one?....well there is only room for so many companies like the one i work for. which isn't much at all, competition can be a bitch.

There are no guarantees period. You take the least offensive option available to you at a minimum. Beyond that you have to use your imagination, and work your ass off. For instance, you might be able to find the things you found so great about working at the cemetary in a completely different field with better prospects. Of course you might not be able to do that. The idea that you have to try is the important one. You won't be handed anything. Anything you get will be a result of what you do. If you don't have the will or ability to do things, you are missing the most important tools required to get things. That would be sad, but would entitle you to nothing.

 

[Sluggo]

This bitch can come say that to my face.

Then what? 🙄

 

[Triumph]

here's the thing about the rich claiming that the poor, or middle class, or whoever, aren't rich simply because they aren't smart enough, or they don't work hard enough, or didn't make the right decisions. it is impossible for everyone to be rich. that is the definition of being rich, your wealth is only wealth when measured relative to everyone else. even if everyone in the world had brilliant, insightful ideas and worked their ass off at achieving their goals, there would still only be some percentage of the people that are rich, and the rest are poor. maybe everyone might have a high standard of living at that point (and our standard of living is pretty damn high, "poor" people still have TV's and cars), but not everyone can be rich.

 

[pelov]

here's the thing about the rich claiming that the poor, or middle class, or whoever, aren't rich simply because they aren't smart enough, or they don't work hard enough, or didn't make the right decisions. it is impossible for everyone to be rich. that is the definition of being rich, your wealth is only wealth when measured relative to everyone else. even if everyone in the world had brilliant, insightful ideas and worked their ass off at achieving their goals, there would still only be some percentage of the people that are rich, and the rest are poor.

What are you, rich or somethin'?

I think people are taking offense because she's an idiot for not realizing she'd get the slack she got. Her approach was wrong and it came off all wise and beautiful woman-y. Instead of going with a "Hey, I was really lucky and I'm grateful for it and will probably never know what it's like to work a day in my life, but not all of you will be quite as fortunate as I was and you'll have to work hard," she said "poor people should be served with a side of potatoes."

Now I enjoy a a well-cooked human buttock as much as the next guy, but I find it revolting that she'd say something so heartless. Rich people taste way better.

 

[MetalMat]

She has some nerve to say this bullshit. She is part of an idol aristocracy, she got lucky is all. She does look like some sort of fat beast though.

 

[LegendKiller]

She's absolutely right. If you're lucky enough to inherit a bunch of money and can turn that into an even bigger pile of money (like she did), good for you. If you're not, whining and complaining about it won't fix anything, you'll have to work very hard to achieve your goals.

Not that I really know much about her, but how exactly did she turn it into all that much bigger of a pile? If its a mine(s) all she did was own something and mine what was already there and she didn't even mine it.

 

[ponyo]

Hard work only pays off if you're the owner. If you're worker, hard work only gets you pat on the back.

 

[SlitheryDee]

Not that I really know much about her, but how exactly did she turn it into all that much bigger of a pile? If its a mine(s) all she did was own something and mine what was already there and she didn't even mine it.

The real point is that it doesn't matter. Tend to your business and leave your children something too. They won't deserve it any more than she did, but that probably won't stop you.

 

[Train]

here's the thing about the rich claiming that the poor, or middle class, or whoever, aren't rich simply because they aren't smart enough, or they don't work hard enough, or didn't make the right decisions. it is impossible for everyone to be rich. that is the definition of being rich, your wealth is only wealth when measured relative to everyone else. even if everyone in the world had brilliant, insightful ideas and worked their ass off at achieving their goals, there would still only be some percentage of the people that are rich, and the rest are poor. maybe everyone might have a high standard of living at that point (and our standard of living is pretty damn high, "poor" people still have TV's and cars), but not everyone can be rich.

I disagree, I think if you remove the stupid factor, we can actually remove the rich. (as in, no one would have significantly more than anyone else)

Some rich are rich because of brand loyalty, or fame. If everyone was a smart shopper for instance, the "popular" brands wouldn't have a free pass to mark up everything higher than competitors products, because no one would buy it (think Nike, Apple, etc).

People would be smart enough to accept that an experienced actor willing to work for avg pay is just as good as an uber star who wants $20 mil a film just because of his/her name.

People would gang up on monopolies and topple them, or never let them emerge in the first place.

Idealistic and likely to never happen, but at least points out some of the problems we have are really self inflicted, as much as we don't want to admit it.

 

[SillyOReilly]

I blow 100m if it's handed to me from birth.

Now? Not so much.

 

[JMapleton]

funny how just a few quotes and you can make yourself seem like a complete asshole huh? before i read the article, i was like "wow, 16 billion? she must know something. then you read she was given the money... and then you read her ideas.... just wow. very much like a sweet 16 show on mtv actually

Give her a little credit. She did work hard to an extent. She didn't inherit billions. I read that when she did inherit the company, it was on the verge of bankruptcy. She did something right.

But yeah, she was born on 3rd base and hit a single to get to home plate. She is not the person that should come out and say this.

 

[LegendKiller]

The real point is that it doesn't matter. Tend to your business and leave your children something too. They won't deserve it any more than she did, but that probably won't stop you.

Again, not that I know too much about this specific situation, but if she was handed something and just had people tend to it, she didn't build much at all. Sure, she wasn't likely Paris Hilton, but she wasn't the Hilton that built that wealth either.

I'd put it closer to the 2nd generation Waltons. They don't seem to have much to do with Wal Mart but they haven't come out and said "you lazy slobs who work at Wal Marts need to get your asses going, like us".

 

[Sluggo]

But yeah, she was born on 3rd base and hit a single to get to home plate.

Worst baseball analogy of all time.

 

[SlitheryDee]

Again, not that I know too much about this specific situation, but if she was handed something and just had people tend to it, she didn't build much at all. Sure, she wasn't likely Paris Hilton, but she wasn't the Hilton that built that wealth either.

I'd put it closer to the 2nd generation Waltons. They don't seem to have much to do with Wal Mart but they haven't come out and said "you lazy slobs who work at Wal Marts need to get your asses going, like us".

It doesn't matter. Disregard her, at least as something pertinent to yourself. She inherited, you didn't. Sometimes a seed gets deposited in a particularly opportune place, and flourishes as a result. There is nothing you can do to change that. Forget about it, and tend to your own business. I've never understood the preoccupation people have for what other people have earned. We all know whether they've earned it or not. We all know that we'd do the same if we could for our children. Ultimately it doesn't affect us all that much. Tend to your own business, make your own fortune...or not. You are not guaranteed anything.

 

[Phokus]

What a wise and beautiful woman.

 

[SunnyD]

There is no monopoly on becoming a millionaire," she writes. "If you're jealous of those with more money, don't just sit there and complain. Do something to make more money yourself - spend less time drinking, or smoking and socializing and more time working.

Apparently I'm doing it wrong, because I have no time to drink, smoke or socialize considering my time is monopolized by rich fat cats who pay me to make them even richer.

Isn't this the woman who also refuses to give her kids (does she even have any?) any sort of inheritance?

 

[wirednuts]

Worst baseball analogy of all time.

it is, but the point is still clear somehow

 

[jagec]

Did anyone actually bother to even read the article? 😀


I hate to say it, but I'm going to have to agree with her here...

She's dead-on on some stuff, and dead wrong on others. Examples:

"There is no monopoly on becoming a millionaire," she writes.

True. But hard work alone won't get you there.

"If you're jealous of those with more money,

Some people are jealous of the rich, this is true. But complaints about the social order and calls for things to change are NOT automatically driven by jealousy. The "oh, you're just jealous!" argument is both childish and narcissistic.

don't just sit there and complain. Do something to make more money yourself - spend less time drinking, or smoking and socializing and more time working."

You do want some balance in life, but overall this is true. Working hard may not make you rich, but it will (for the most part) make you more financially secure.

"The terrible millionaires and billionaires can often invest in other countries.

This isn't entirely true. Not only do almost all large economies have a reasonably high tax burden, but most people aren't willing to just pick up and move to any random location that offers lower taxes. Note that most rich people in the US live in reasonably highly taxed states, instead of, say, North Dakota. "The art of taxation consists in so plucking the goose as to get the most feathers with the least hissing"...and if the goose is living in Goose Heaven, they may be willing to part with a few feathers.

And if they do suffer, what does that really mean? Maybe their teenagers don't get the cars they wanted or a better beach house or maybe the holiday to Europe is cut short; But otherwise life goes on for these millionaires and billionaires."

So, we might as well raise taxes on the rich, since they'll still be happy with a bit less money? Can't say that I've heard too many rich people make THAT argument. She seems to think that the sole purpose of taxation is to make the rich unhappy for the schadenfreude of the lower classes.

"You can't get rich without working hard, taking risks, investing and reinvesting your profits."

Don't forget the luck factor. Furthermore, those things might NOT make you rich. There are no guarantees.

 

[Maximilian]

Holy crap she is both fat and ugly, small wonder she's a grumpyluffagus.

this

 

[HeXen]

Don't forget the luck factor. Furthermore, those things might NOT make you rich. There are no guarantees.

which is why the hardass attitudes about managing money or getting rich can never be a reality for everyone.

 

[Lonyo]

Give her a little credit. She did work hard to an extent. She didn't inherit billions. I read that when she did inherit the company, it was on the verge of bankruptcy. She did something right.

But yeah, she was born on 3rd base and hit a single to get to home plate. She is not the person that should come out and say this.

I read this article a little while ago:

http://www.bbc.co.uk/news/magazine-18624350

She hates being called a mining heiress because she considers herself a self-made businesswoman who turned her company around after her father's death in 1992.

Also:

In 2007, she first appeared on Forbes Asia Australia's 40 Richest, with an estimated wealth of US$1 billion; more than doubling that the next year to US$2.4 billion; and then, in spite of the global financial crisis, by 2011 had more than trebled to US$9 billion; and doubled again in 2012 to US$18 billion.

http://en.wikipedia.org/wiki/Gina_Rinehart#Personal_wealth
Doesn't sound that much like a silver spoon if 15 years after inheriting a fortune you finally hit $1bn and then end up with 18x that much within ~5 years.
Sure, it takes money to make money, but it also takes a LOT of work to get that significant a return, even if it's also substantially due to changes in your held sector.

http://www.forbes.com/global/2011/0...st-11-gina-rinehart-media-miner-daughter.html

 

[dmcowen674]

I read this article a little while ago:

http://www.bbc.co.uk/news/magazine-18624350



Also:

http://en.wikipedia.org/wiki/Gina_Rinehart#Personal_wealth
Doesn't sound that much like a silver spoon if 15 years after inheriting a fortune you finally hit $1bn and then end up with 18x that much within ~5 years.
Sure, it takes money to make money, but it also takes a LOT of work to get that significant a return, even if it's also substantially due to changes in your held sector.

http://www.forbes.com/global/2011/0...st-11-gina-rinehart-media-miner-daughter.html

What an apologist 🙄