I humbly suggest that perhaps you haven't thought long enough about how easy it might actually be to become ultra-rich if you actually set out with that goal in mind. I think that generally speaking very few people are actually trying to become wealthy; most people just try to match their parents' socioeconomic tier and then stop.
What's ultra-rich? This claim isn't saying much unless you quantify it.
Intuitively, I find both your claims - that most people only try to match their parents' tier, and that it's easy to become ultra-rich if you focus on it - to be wrong, but it'd be interesting to see more arguments or evidence in their favor.
What's ultra-rich? This claim isn't saying much unless you quantify it.
I don't know, a billion dollars?
Intuitively, I find both your claims - that most people only try to match their parents' tier, and that it's easy to become ultra-rich if you focus on it - to be wrong, but it'd be interesting to see more arguments or evidence in their favor.
A quick Googling turns up a few papers which suggest that parental expectations largely define a child's level of educational and financial achievement. On a more intuitive level, I can only point out that the...
If it's worth saying, but not worth its own post (even in Discussion), then it goes here.
(I plan to make these threads from now on. Downvote if you disapprove. If I miss one, feel free to do it yourself.)