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To: elmatador who wrote (67560)8/15/2005 6:16:36 AM
From: energyplay  Respond to of 74559
 
For about 1/4 of the the wealthy kids, these advantages can be negated by killing ambition. There are two words that tell how to do it.

Trust Fund.



To: elmatador who wrote (67560)8/15/2005 8:26:33 AM
From: Moominoid  Respond to of 74559
 
Thee is a lot of transmission from aprent to child going on, in the whole approach to how the world works. This is one of the things I liked about Robert Kiyosaki's books. Some break out of it...

My father saw that if he had managed to get better educated then falling out of the wealthy circle wouldn't have been such a big disadvantage. He got married to a university grad, which he was very proud of (I guess it helped my Mom in coming up in the world in a more traditional way :)). So he pushed us very hard to get educated and do very well in school. He probably was a bit over-fixated on this. We got into the best state school in the district and mixed with those kids.

I also went with him in the summer some times to the factory where he worked as a an (unqualified relatively) engineer and later went on a few sales trips around the country.

Also in the Jewish community in our town we mixed with a lot of much better off people (we were the most religious family in a small community pretty much so that made us a little more central to community life than if we had just been a poor family). Only much later though do I really see some of what was really going on there. It wasn't really the Rich-Dad Poor-Dad experience Kiyosaki talks about :) Religion of course is a very big discipline system...

And even though my Dad didn't have much money he invested in the stock market, discussed that kind of stuff. Always seemed the natural thing to do.

And as in most middle class families the transfer of wealth is in terms of helping with education - subsistence living expense (after undergrad it was meant to be a loan even). So what I read in these articles makes a lot of sense.



To: elmatador who wrote (67560)8/15/2005 9:52:55 PM
From: shades  Read Replies (1) | Respond to of 74559
 
Bill Gates, he was stinking geek, but he did have lots of friends and connections - this was his gift - no black inner city kid from the project who may have been 10 times the genius had bill gates peer connections - makes all the differen el mat.

Today he say the biggest secret of success - surrounding yourself with the smartest people in the world, he say that why the USA is doomed, our dumb president and gubbment has limitations on people coming here that are very smart - but let any dumb field worker swim right in - he is seriously debated going to canada and other countries and leaving the USA.

museumofhoaxes.com

Be honest el mat - you would not have invested - bunch of stinking geeks that didnt bathe or change clothes.

Notice Bob Wallace is one of the guys there, I think he post on SI.