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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (320240)	1/12/2007 12:29:25 PM
From: TimF	Read Replies (1) \| Respond to of 1573564

One of the urban myths that many of us have been fed growing up is that its very possible to go from being born poor to very rich in one generation in the US. That's not a myth, its true. Its usually referred to as a Horatio Alger story even though you're saying its really from poor to middle class, and not rich. Well his stories were apparently poor to middle class, or at least poor to upper middle class. And while it is possible to become rich in one generation in this country, it can be difficult to pull off. Of course its difficult. Always has been, and probably always will be. But it happens, even if your just talking about very poor to very rich. If your talking about moving up the scale at all, well that's very common, even if its often a much smaller move.

To: tejek who wrote (320240)	1/12/2007 6:06:12 PM
From: Brumar89	Read Replies (1) \| Respond to of 1573564

I know a family who immigrated here (probably illegally) from Mexico years ago, got citizenship, lived in a shack in a fellows backyard at first. When real estate prices tanked here in the late 80's, bought a small house then 3 more on same street in a slum neighborhood. Rented them out and paid for the houses from the rent ("they didn't cost us anything, they paid for themselves"). Last fall, the sold all 4 houses to a developer for $160K each. Used one of the checks to buy a new house and furnish it for cash in a good neighborhood. The rest free and clear. I could give examples from my own family. A grandparent and great grand parent of mine were sharecroppers. Farmed all their lives, raised families of 11 & 12 kids, and never owned an acre of ground. Moved from one farm to another farming for a share of the crop. Some of my cousins are poor today. Yet I have a net worth in 7 figures, havent inherited a dime from anyone yet. Social and economic mobility is possible. Stay out of trouble with the law, work, save, invest - it pays off.