“If we collected all the money in the world today and divided that money equally among every person in the world today, we would have the same rich people and the same poor people starting tomorrow.” -My Grandpa
Grandpa was a smart man!
I think this is mostly correct. However I don’t think you’re doomed to be poor if you’re born into it. I’m living proof of that. I wouldn’t say I’m rich, but not poor by any stretch. Definitely born that way though.
Good video, except has this guy never heard of Finance and Accounting courses? Granted, they are taught (mostly?) at the college level. So, if you don’t go to college, then you might not get exposed to the knowledge you gain from them.
But, other than that, I agree that what economic level you achieve in life is (somewhat) more related to attitude than what you were born into and raised in.