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-- What seperates the rich from the poor?
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Posted by Krypton on Jan-15-2007 17:35:

What seperates the rich from the poor?

Education, education, education.

First, if you look at the third world, the middle east, etc., you'll find that their education is different from ours in the lack of one. Many many people there lack any education at all, or are educated under fundamentalist ideologies not even related to academics. That's why we have these madrassas (islamic schools) in pakistan, and child fighters all over the place. With no schools or education, they are sent to fight in these rebel movements.

Second, I can't stand the views of the socialist in punishing the rich simply because they have the money. It is this mentality that keeps the poor poor, and the rich rich. In this country, everyone has the potential to become rich. All someone has to do is educate themselves in making money, not working for it.

FINAL: It's education that separates the haves from the have-nots.

Discuss.


Posted by Omega_M on Jan-15-2007 18:11:

Isn't population a significant factor also ? Even if they want to, not everybody in poor countries has access to education or can afford to take education.

Secondly, there's the issue of Brain Drain . Take the case of India. Bright engineers graduate from Government funded top notch schools like the Indian Institute of Technology (IIT) and choose to come over to US. These engineers have made a huge impact on the industry. But in the US and not in the home country.


Posted by Kapedano on Jan-15-2007 18:22:

I think that its more then education that makes the rich, rich. Education can take you to a certain level. If you want money to work for you, then I dont think you should spend amount of years in universities getting all the degrees, and building up your resume for the corporate world. All schools do for you nowadays is teach you how to work for money.

Now having said all of that. I'd still prefer a Wharton degree in business, and still think like this


Posted by CHRles on Jan-15-2007 18:46:

Well, obviously there's a lot of reasons, but overall Krypton is right.
I read that the literacy rate in India is still under 60 percent


Posted by Moral Hazard on Jan-15-2007 18:48:

There are many factors that seperate the rich from the poor in this world. Education is one of those factors in many cases but it's far too simplistic to say that it is the only one. Certainly access to education is important but so is access to economic opportunity, health care, an ordered society, security of the person, etc. All these things are necessary for one to prosper economically. If Bill Gates were raised in Chad, suffered from some potentially deadly childhood disease which he could not get treated, and lacked the economic resources to position himself in such a way as to avail himself to economic resources then it is fairly safe to say he would not be rich. Take away any of the things I listed above and no person can establish any wealth to speak of.


Posted by Krypton on Jan-15-2007 19:04:

quote:
Originally posted by Moral Hazard
There are many factors that seperate the rich from the poor in this world. Education is one of those factors in many cases but it's far too simplistic to say that it is the only one. Certainly access to education is important but so is access to economic opportunity, health care, an ordered society, security of the person, etc. All these things are necessary for one to prosper economically. If Bill Gates were raised in Chad, suffered from some potentially deadly childhood disease which he could not get treated, and lacked the economic resources to position himself in such a way as to avail himself to economic resources then it is fairly safe to say he would not be rich. Take away any of the things I listed above and no person can establish any wealth to speak of.


True.

In the west, especially in the USA, there is the education, the economic opportunity, health care, stable government, etc. In a country like this, the only excuse for not being wealthy is because of a lack of financial education. People don't want to think for themselves. They want the government to everything for them. Or they want their job to do it. They depend on nothing more than a job and the government, then complain that those who do think independently and have made a nice life for themselves aren't paying enough. I'de say I'm strongly anti-socialist.


Posted by jonSun on Jan-15-2007 19:08:

quote:
Originally posted by Kapedan
I think that its more then education that makes the rich, rich. Education can take you to a certain level. If you want money to work for you, then I dont think you should spend amount of years in universities getting all the degrees, and building up your resume for the corporate world. All schools do for you nowadays is teach you how to work for money.



Yep, the rich people i know dont have any college degrees & most dont even have a high school diploma.


Posted by Krypton on Jan-15-2007 19:22:

quote:
Originally posted by jonSun
Yep, the rich people i know dont have any college degrees & most dont even have a high school diploma.


Yep, students these days are taught how to work for money, go to college, learn a trade, then find a stable job with benefits. In today's world, this just isn't going to be possible. It is because of the massive benefits that GM is in such bad waters right now.

You don't need a college degree to:
Invest in the stock market.
Buy & Sell Real Estate.
Start & run your own business.

Those are just three ways many smart people have become rich. And they all don't require a college degree. Just be open-minded, creative, and most of all, LEARN HOW TO MAKE MONEY FROM MONEY AND NOT FROM WORKING A 9-5 JOB.


Posted by Kapedano on Jan-15-2007 19:26:

quote:
Originally posted by Krypton
Yep, students these days are taught how to work for money, go to college, learn a trade, then find a stable job with benefits. In today's world, this just isn't going to be possible. It is because of the massive benefits that GM is in such bad waters right now.

You don't need a college degree to:
Invest in the stock market.
Buy & Sell Real Estate.
Start & run your own business.

Those are just three ways many smart people have become rich. And they all don't require a college degree. Just be open-minded, creative, and most of all, LEARN HOW TO MAKE MONEY FROM MONEY AND NOT FROM WORKING A 9-5 JOB.


Amen brotha. If everybody thought like us, then there wouldnt be much for us to get out of this, so i'm kind of glad they dont haha


Posted by CHRles on Jan-15-2007 19:33:

quote:
Originally posted by Krypton
Yep, students these days are taught how to work for money, go to college, learn a trade, then find a stable job with benefits. In today's world, this just isn't going to be possible. It is because of the massive benefits that GM is in such bad waters right now.

You don't need a college degree to:
Invest in the stock market.
Buy & Sell Real Estate.
Start & run your own business.

Those are just three ways many smart people have become rich. And they all don't require a college degree. Just be open-minded, creative, and most of all, LEARN HOW TO MAKE MONEY FROM MONEY AND NOT FROM WORKING A 9-5 JOB.


This reminds me of a book I read ahwile back called Rich Dad Poor Dad
http://www.amazon.com/Rich-Dad-Poor...e/dp/0446677450


Posted by Kapedano on Jan-15-2007 19:37:

quote:
Originally posted by CHRles
This reminds me of a book I read ahwile back called Rich Dad Poor Dad
http://www.amazon.com/Rich-Dad-Poor...e/dp/0446677450


Great book. I read it a few years ago. I was going to mention that in this thread, but you took it off me


Posted by Shakka on Jan-15-2007 21:09:

quote:
Originally posted by Kapedan
Great book. I read it a few years ago. I was going to mention that in this thread, but you took it off me


In all honesty, it struck me as a promotional real-estate book. Kyosaki made some good and valid points, but a lot of it was a guy who was in the right place at the right time (nothing wrong with that). Indeed, there is more than one way to skin a cat but real-estate ain't the end-all be-all.


Posted by Sunsnail on Jan-15-2007 21:18:

I disagree. There are a shitload more factors involved than simply education. How many uneducated rich folks are there, born into wealth?


Posted by shaolin_Z on Jan-15-2007 21:23:

^^^ What he said. It isn't education, it's inherited wealth and the rich know how to generate wealth, which doesn't involve any actual "work" btw.


Posted by d-miurge on Jan-15-2007 21:46:

The lack of money engenders a lack of time. The lack of time engenders a lack of education. The lack of education engenders a lack of money.

/copy & paste


Posted by jonSun on Jan-15-2007 22:12:

quote:
Originally posted by Sunsnail
I disagree. There are a shitload more factors involved than simply education. How many uneducated rich folks are there, born into wealth?


i dunno, but not the folks i know. I know alot of millionaires & almost all are self made & have little education. Also a few are immagrants from Italy or Greece & came here with nothing but the shirt on thier back. And a few had lucky breaks but it was thier will & ability to make money that got them those breaks.


Posted by CHRles on Jan-15-2007 22:29:

Male prostitution is a thriving profession


Posted by Lilith on Jan-15-2007 23:36:

Current education in most western societies is to me mostly just a measure of memory, ability to regurgitate what you've learned on demand and a preperation to be a functional human being by being literate and able to do mathematics.
I really was damn terrible at school, so much so I quit a little before I was 17 and went into the workforce to do other things because it really wasnt all that interesting and if I didnt find it interesting I certainly didnt do well at it. In that sense I think I've always just been a bit pragmatic when it comes to priorities
For people in developing countries it's absolutely essential that they have some level of literacy and numeracy I think to be competitive in the current world economic sector, but it really only goes so far before they have to have the time to comprehend things away from the coalface of immediate survival. Thats when you start to look at the bigger picture of making money aside from the routine hand-to-mouth existance and understand a little better how things work, what you can do in your current situation with what you have and go from there.

As for education and political awareness, I think a great deal of the worlds woes in developing countries and oppressive societies would be alleviated not just with education, but also communications and a wider understanding of the people you share your community with. Those two together broaden the wider perspective of personal experience and tend to at least moderate and temper some preconceptions about their neighbours.
I'm very much sure that we'd be a much more tolerant species overall if the general perspective was switched from understanding 'those people over there' as being different to ourselves, to being that of 'those people over there' have the same problems, wants and needs as the rest of us. Mostly, they just want to survive another day, keep themselves and their families fed, roof over their heads and not have someone continually kicking their arse to take what they have.
Thats generally enough to keep the average person happy enough and a little bit extra once in awhile to keep things sweet and interesting.
It's also about as philosophical and 'dreamy' as I care to get.

What seperates the wealthy from working class and poor?
Opportunity
Desire
Resolve

None of these feature on the school curriculum, though education may help access things like opportunity, but mostly opportunity is a factor of luck, life and circumstance. It is also more or less a very rare and little seen commodity which doesnt make itself immediately obvious and comes in many shapes or forms, friends, people you know, dumb luck and chance. People trip over it every day in some form or another without even knowing it and frequently squander it when they do, even more rarely do they kick over a brown paper bag full of a squillion bucks.
Education also here provide the knowledge of what to do with an opportunity and that is basically the knowledge of how to choke that little bastard of oppertunity for all its worth... and then some!

Desire is a part of making yourself wealthy as well, everyone believes they would be better off wealthy simply because they think it would be a lovely dream to accumulate pretty, shiny things and attract a partner in life. Its a lovely dream but for the most part it stays a dream and keeps us sane in whats usually a grind at best to a hand to mouth existance at worst. To want to be wealthy is enough for most, then theres another level all together which provides the drive to really achieve it. You have to want it more than anything else, above anything else and as simple as it sounds, not everyone is wired that way. It is frequently dulled by overly charitable societies which provide a free lunch and room along the way which is overlooked by people faced with such charitable oppertunity, it doesnt make them hungry enough.
Also people who are born into money rarely know what to do with it successfully beyond about the 3rd or 4th generation in most cases as their largess existance has dulled the desire and it falls into complacency.

Resolve is the hardest to quantify really. Most people can only take so many hardships and kicks to the guts before they collapse and fall back into the grind or hand to mouth existance. Some will be knocked back to nothing and stay there, others simply rumble along to keep the basics running and the lights on, until they fall over and die.
Once again, this isnt a measure of your physical ability in most cases, how well you did at PE in school or resiliance to pain when you boys where football stars or something. Oh no, this doesnt even factor in to how you managed to be dux of the school.
This is called guts and raw grit, how hard, long and tenaciously you can fight, get knocked down and come back even harder next time. Often this is crudely called 'balls' but I can assure you right now, two fleshy nuts have nothing to do with it. Sure they might make you very aggressive sometimes but aggression has nothing of value without focus, determination and just plain stubborness.
Because ultimately, the last one standing wins and you must be absolutely and totally ruthless in how you get there, nice people rarely get anywhere, theyre usually too concerned about hurting someone along the way and sometimes as harsh as it is, sometimes someones going to get hurt... and if you dont do it, then theyre sure as hell going to do it to you.

You can have fun poking at my spelling and grammar now for all its worth for yourself to do so, I am a terrible academic, but not nearly as terrible as I am a person...


Posted by shaolin_Z on Jan-15-2007 23:42:

Here's an excellent book, that my brother's friend dad gave to his son, who gave a copy to my brother, who gave one to me. It'll do a far better job of explaining all that if anyone here's interested in reading it:

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! by Robert T. Kiyosaki, Sharon L. Lechter

EDIT: Yes, I know it's a generalization, but my brother's friend is Jewish, so his dad know's what to recommend and what not to when it comes to stuff like this.


Posted by Lilith on Jan-15-2007 23:46:

quote:
Originally posted by shaolin_Z
EDIT: Yes, I know it's a generalization, but my brother's friend is Jewish, so his dad know's what to recommend and what not to when it comes to stuff like this.


Was also mentioned on the 1st page


Posted by shaolin_Z on Jan-15-2007 23:50:

quote:
Originally posted by Lilith
Was also mentioned on the 1st page


Whoops, looks like I missed that . But I think you'd find this to be a pretty interesting read Lilith. It's right up your alley.


Posted by Lilith on Jan-15-2007 23:51:

I moved out of the alley a long time ago, I'm a housecat now


Posted by shaolin_Z on Jan-15-2007 23:52:

quote:
Originally posted by Lilith
I moved out of the alley a long time ago, I'm a housecat now


LOL .


Posted by Lilith on Jan-15-2007 23:58:

Oh you can laugh all you want! You'd be suprised how far a sharp set of claws and a homicidal willingness to use them on people, furnishings and anything else in your way will get you in life
Unusal as it may seem, I'm not jewish, maybe we'll just put that down to 'hybrid vigour'


Posted by shaolin_Z on Jan-16-2007 00:01:

quote:
Originally posted by Lilith
Oh you can laugh all you want! You'd be suprised how far a sharp set of claws and a homicidal willingness to use them on people, furnishings and anything else in your way will get you in life
Unusal as it may seem, I'm not jewish, maybe we'll just put that down to 'hybrid vigour'


Goth claws . Speaking of goth stuff, I heard your new set. It got some pretty neat tunes but some pretty freaky shit too.


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