7 Millionaire Myths

[Craneman 2]

I know a few blue collar millionares, I was a blue collar worker myself for 18 years.

I you do not strive for it, if you do not plan for it, if you do not have discipline then you will never make it.

Sit back and complain about how 20% have 85% and you get nowhere.

Waiting for government cheese gets you nowhere.

Many milliaonares come from a poverty background, iniciative and desire makes the difference.

I drive a 5 year old KIA least expensive for the options I wanted, like it as much as my Eldorado more comfortable than the Corvette. Corvette

maybe you see a pattern here...these are habits that take discipline...

Sounds like a snooty millionaire telling some blue-collar guy, "you could be like me if only you were a little more disciplined."

being a millionaire is simply unachievable for a significant part of the population. statements like this just reinforce the belief that poor people are poor because they're lazy and lack self-control. sometimes the case, sometime not.

[Heracles 417]

Watch that video. People get over their head with car payments on something that loses massive value. They even trade in upside-down cars.

I did, but you cannot assume that everyone simply overspends and that explains the state of the US economy and their finances. Otherwise you are saying this is why over 150,000,000 Americans are dirt poor. Also implying that Canadians, Australians and so forth must simply be better with their money. They earn more and receive 100 fold more benefits while working, there is nothing else to it.

[웃 910]

"No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money."

-Matthew 6:24

"Then Jesus said to his disciples, 'I tell you the truth, it is hard for a rich man to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.'"

-Matthew 19:23-24

"People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs."

-1 Timothy 6:9-10

"Do not exploit the poor because they are poor and do not crush the needy in court, for the LORD will take up their case and will plunder those who plunder them."

-Proverbs 22:22-23

"The wealth of the rich is their fortified city; they imagine it an unscalable wall."

-Proverbs 18:11

:rofl:

[mawilson 2,133]

I did, but you cannot assume that everyone simply overspends and that explains the state of the US economy and their finances. Otherwise you are saying this is why over 150,000,000 Americans are dirt poor. Also implying that Canadians, Australians and so forth must simply be better with their money. They earn more and receive 100 fold more benefits while working, there is nothing else to it.

The benefits are definitely part of the problem. When you look at companies like GM

and their generous benefit packages (pensions and healthcare for life), it's easy to see

why they are bankrupt.

[Heracles 417]

Lets put the numbers down.

$7.25 per hour * 40 hour weeks = $290 * 4 weeks = $1,160 [without tax]

Take out $200 for taxes = $960

Take out $450 for dirt cheap rent = $510

Take out $200 for crappy food = $310

What about even $100 for a shitty beaten up car? Since you have to drive everywhere here.

What about fuel?

What about insurance, which tends to be cunningly based on credit ratings?

What about buying a prescription?

You think this person has any chance of succeeding or becoming a millionaire? Hell to the no. Go to night school you say, how? when? with what money?

Now before you cry, I will use the system I know best, as an example [AUS]. The same person doing the exact same thing but work in a different country would earn over $2.2k USD a month, receive health care, retirement, sick and 4 weeks vacation. Yes under that system, you can very well start with nothing and get on your feet.

[Heracles 417]

The benefits are definitely part of the problem. When you look at companies like GM

and their generous benefit packages (pensions and healthcare for life), it's easy to see

why they are bankrupt.

They're not the benefits I am talking about. I am talking about stuff like fringe benefits: company car, child care, time off work, cell phones, laptops, broadband connections, mandatory 9% of salary paid into private retirement account, holidays etc. Yet Australian companies are still posting profit after profit.

[Captain Oates 910]

The way the system is setup here, it's almost impossible to get out of poverty in one generation, unless you are extremley lucky. Unfortunately that is not opportunity, that is simply playing the odds.

Many claim being on welfare for no legitimate reasons makes you a bludger and and leech. Okay, I will accept that.

The same folks then turn around and claim those working 40+ hours, with no health care, no retirement and no adequate sick or vacation time [4 weeks], are simply overspending. Okay, I will accept that idiocy too.

What I find bizarre is that so many who say this and think along these lines, are living a paycheck away from poverty themselves. In fact, many live in homes and drive vehicles that couldn't pay for the deposit of a house in the UK, Canada, Japan, Australia etc etc. Live a Q.O.L that most abroad ironically sneer at. It's just amazing that those hating on others, are by International definition living in poverty and losers themselves. We cannot accept that though, it goes against the indoctrinated belief that US is still the best, and the rest of the world sucks.

I am sure mocking me will begin soon, as it seems to be the choice of response to such news; or the usual get out, because we basically do not want anyone to hear the truth.

I was born poor but honest (slaps thighs)

My dad was a grocery delivery 'boy' for the co-op for 40 years and earned about £8 a week. All the other men in the neighborhood earned at least £12 so we had the lowest income. My mother was a part time tea lady in an engineering works. However, I was taught that we were 'better' than them even though our income was the lowest. Better, as we didnt do alcoholism. incest, fraud, domestic violence, credit cheating etc. It's landed me with a rather unfortunate superiority complex.

I used every move I could to climb the ladder and every legal grant and form of public assistance. For instance, when I left the Police at 26 with a great career going, I simply said 'house me'. They had to get me out of the nice Police house so I got public housing which was very hard to get. Then I applied for a grant to do college and I got more grant than I was getting in wages as a low level accountant.

I made my million by a variety of tactics - questionnable as far as ethics are concerned and barely legal but legal.

The State got back all it's investment in me 10 times over every tax year from then on. That is why I am a socialist as far as a leg up is concerned. Everyone benefits.

My politics are similar to Warren Buffet - last year's richest man in the world.

[Craneman 2]

With your pessimissum, you are destined for a life of underachievement.

You do not have to drive everywhere here, rode the city bus the entire time I went to college, while working straight midnights and raising 3 kids.

You do not become a millionare working for minimum wages , but that is where I started, working for $1.27 per hour washing dishes.

Lets put the numbers down.

$7.25 per hour * 40 hour weeks = $290 * 4 weeks = $1,160 [without tax]

Take out $200 for taxes = $960

Take out $450 for dirt cheap rent = $510

Take out $200 for crappy food = $310

What about even $100 for a shitty beaten up car? Since you have to drive everywhere here.

What about fuel?

What about insurance, which tends to be cunningly based on credit ratings?

What about buying a prescription?

You think this person has any chance of succeeding or becoming a millionaire? Hell to the no. Go to night school you say, how? when? with what money?

Now before you cry, I will use the system I know best, as an example [AUS]. The same person doing the exact same thing but work in a different country would earn over $2.2k USD a month, receive health care, retirement, sick and 4 weeks vacation. Yes under that system, you can very well start with nothing and get on your feet.

[Ban Hammer 12,901]

The same way they are able to afford car payments?

[mawilson 2,133]

They're not the benefits I am talking about. I am talking about stuff like fringe benefits: company car, child care, time off work, cell phones, laptops, broadband connections, mandatory 9% of salary paid into private retirement account, holidays etc. Yet Australian companies are still posting profit after profit.

Sounds great, but how can a small business afford all that? Google, Apple, Microsoft - sure,

(and they already do - take a look here), but a small mom & pop bakery?

[Captain Oates 910]

Sounds great, but how can a small business afford all that? Google, Apple, Microsoft - sure,

(and they already do - take a look here), but a small mom & pop bakery?

They fiddle their tax returns - all small businesses do

[mawilson 2,133]

It's landed me with a rather unfortunate superiority complex.

You don't say!

[Heracles 417]

With your pessimissum, you are destined for a life of underachievement.

You do not have to drive everywhere here, rode the city bus the entire time I went to college, while working straight midnights and raising 3 kids.

You do not become a millionare working for minimum wages , but that is where I started, working for $1.27 per hour washing dishes.

Why is paying people who work a legitimate wage, almost a crime for so many republicans and libertarians? Yet earning billions for doing absolutely FA and receiving dividends is legitimate income.

What's wrong with companies earning hundreds of billions, like crapmart from cheap foreign labor, at the very least being required to pay Americans a legitimate wage?

As someone who has worked hard, you still prefer the handful of families controlling the majority of America's wealth continue to amass and store it, than be paid a fair wage for a fair days work? Truly amazing. You guys would rather be ###### in the azz by the wealthy, than have a fellow American be paid a fair wage.

[Heracles 417]

Sounds great, but how can a small business afford all that? Google, Apple, Microsoft - sure,

(and they already do - take a look here), but a small mom & pop bakery?

You are going all Slim on me, they are the exception rather than the norm. The norm is what most employers do.

Small businesses already get tax breaks out of their azz. then again, I don't know about anyone else but I don't do small business. I am sure people are happy to be their slave though, just not me.

[Captain Oates 910]

You don't say!

I know - all these people going to shrinks because of low self esteem - they can have some of mine - I have lots to spare...

We were trained that way. As a 19 year old, you can't be in charge of a town of 35,000 people overnight on your own unless you are taught to have self confidence. 'Swagger you buggers, swagger ' they said. A lot of ex police are millionaires.