World's richest woman says poor should have less fun, work harder

Again we are not looking into the morality of the person whom stated this Instead, we look at a few sentences that she spoke. Her words are fairly accurate. If one strives and works towards success then they do have the possibillity of becoming more then they are. Billion dollar empires all started somewhere. people who bust their backside and form multi million dollar company's do have children.. . who inherit their said empire. It is the very embodiment of the American dream , to one day build a life that you can pass on to your children. No, one cannot become a Billionaire by working as a waiter.. but a waiter who uses his money to put himself threw school invests wisely and apply's the lessons his schooling has taught him to everyday life has a significant chance of one day earning that sort of income... No not every one is going to be rich.. but instead of complaining and blaming the so called one percent for you not sitting among them get up and do something because... well that thinking is similar to many people who retired from a Dead End job that never strove for more. ( Is that better for you?)

Is it better for you?
 
Hmm. Well first that would be a horrid pay cut for me. Second it would damage my ability to continue my schooling and third I really like living in america. See I was not defending the aptly nicknamed " Miss Piggy" in her personal business strategy. No I was just defending that if one wants more they should indeed strive for more. No matter what many would say America is still the land of opportunity.
 
Hmm. Well first that would be a horrid pay cut for me. Second it would damage my ability to continue my schooling and third I really like living in america. See I was not defending the aptly nicknamed " Miss Piggy" in her personal business strategy. No I was just defending that if one wants more they should indeed strive for more. No matter what many would say America is still the land of opportunity.

So you think if you work hard (assuming you can get a job) and invest in equities and securities, someday you will be a billionaire?
 
Becoming a Billionaire.

http://www.forbes.com/2009/04/02/bi...nes-goldman-business-billionaires-wealth.html

Are billionaires born or made? What are the common attributes among the uber-wealthy? Are there any true secrets of the self-made?

We get these questions a lot, and decided it was time to go beyond the broad answers of smarts, ambition and luck by sorting through our database of wealthy individuals in search of bona fide trends. We analyzed everything from the billionaires' parents' professions to where they went to school, their track records in the early stages of their careers and other experiences that may have put them on the path to extreme wealth.

Our admittedly unscientific study of the 657 self-made billionaires we counted in February for our list of the World's Billionaires yielded some interesting results.

First, a significant percentage of billionaires had parents with a high aptitude for math. The ability to crunch numbers is crucial to becoming a billionaire, and mathematical prowess is hereditary. Some of the most common professions among the parents of American billionaires (for whom we could find the information) were engineer, accountant and small-business owner.

Consistent with the rest of the population, more American billionaires were born in the fall than in any other season. However, relatively few billionaires were born in December, traditionally the month with the eighth highest birth rate. This anomaly holds true among billionaires in the U.S. and abroad.

More than 20% of the 292 of the self-made American billionaires on the most recent list of the World's Billionaires have either never started or never completed college. This is especially true of those destined for careers as technology entrepreneurs: Bill Gates (Microsoft ( MSFT - news - people )), Steve Jobs (Apple ( AAPL - news - people )), Michael Dell (Dell ( DELL - news - people ), Larry Ellison (Oracle ( ORCL - news - people )), and Theodore Waitt (Gateway ( GTW - news - people )).

Billionaires who derive their fortunes from finance make up one of the most highly educated sub-groups: More than 55% of them have graduate degrees. Nearly 90% of those with M.B.A.s obtained their master's degree from one of three Ivy League schools: Harvard, Columbia or U. Penn's Wharton School of Business.

Goldman Sachs ( GS - news - people ) has attracted a large share of hungry minds that went on to garner 10-figure fortunes. At least 11 current and recent billionaire financiers worked at Goldman early in their careers, including Edward Lampert, Daniel Och, Tom Steyer and Richard Perry.

Several billionaires suffered a bitter professional setback early in their careers that heightened their fear of failure. Pharmaceutical tycoon R.J. Kirk's first venture was a flop--an experience he regrets but appreciates. "Failure early on is a necessary condition for success, though not a sufficient one," he told Forbes in 2007.(See "Flying Solo.")

According to a statement read by Phil Falcone during a congressional hearing in November, his botched buyout of a company in Newark in the early 1990s taught him "several valuable lessons that have had a profound impact upon my success as a hedge fund manager."

Several current and former billionaires rounded out their Yale careers as members of Skull and Bones, the secret society portrayed with enigmatic relish by Hollywood in movies like The Skulls and W. Among those who were inducted: investor Edward Lampert, Blackstone co-founder Steven Schwarzman, and FedEx ( FDX - news - people ) founder Frederick Smith.
 
Speaking at the Sydney Mining Club, Rinehart said her country's mining industry couldn't compete with nations that are willing to pay workers less than $2 a day for their sweat and labor.



The implicit suggestion: Employers should be free to pay workers whatever they please.



This echoes Rinehart's earlier to-do list, in which she urged Aussie lawmakers to cut the minimum wage so that, well, she wouldn't have to spend so much money on things like workers' salaries and benefits.



Yep, it's getting harder and harder to be a job creator.



Rinehart knows what it means to pull yourself up by the bootstraps.



She inherited a fortune now estimated to be worth about $18 billion.



That's a heavy burden to bear.


http://www.latimes.com/business/money/la-fi-mo-richest-woman-pay-20120905,0,6971046.story
 
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