Post
Topic
Board Economics
Re: Wealth creation
by
eightdots
on 20/07/2025, 08:57:31 UTC
Elon comes from a middle-class family in South Africa, his family is not a super-rich tycoon family compared to the Gates or Warren families.
Elon built his wealth on natural talent, not just on family support. The project that changed his life was Zip2, he borrowed nearly $30,000 from his father to build it and then sold it to Compaq for $22 million and that was the turning point of his life. Moreover, there are also people who became rich without the help of their family, such as Jack Ma, who came from a poor family in China.

I agree with you education is the way to get us out of poverty and become rich, but we must have a comprehensive education, not just focus on finance and ignore other basic education. To have a chance to get rich, we need to combine basic education + finance, financial education alone will never make us rich.
Zip2? That sounds like a Zipper. But that was an impressive return he got there. Maybe for us we can say that no need to sell it but he thinks outside the box, resulting for him to earn even better. Not coming in a poor family is an advantage but it still boils down to us, as some don't also succeed because they still lack on something from within.

In terms of education, yeah, it is always the basic first before the other because how can we even read and write without them? For others, becoming good in finance can come along with the basic education and the rest that we do, see, or hear but if they want to improve more, it may be necessary to take education that is only specific to it.
People are doing their effort to make money from different resources and they are putting their all effort to save more money. They are giving time to make money from different skills or from the job . People are doing effort to make their own home because many people have not their own house and they are paying installments to get  apartment to live a happy life without tension and they also want to enjoy life but middle class people have no time to enjoy life but in comparison, very rich people have time to enjoy life and they are making wealth with no effort because they did effort in few years and used their brain but poor people did no new thing and they are running on the life like ass.But rich people always do Investment with knowledge because they are an educated people.

One of the characteristics of wealthy people is that they don't stick to a single job; they start new businesses when they see opportunities. They diversify their income and are willing to take risks. When education and skills combine, they seize opportunities and become wealthy. Many factors influence becoming wealthy. In some cases, it's possible to become wealthy without education or skills; as I mentioned, there are many factors that influence becoming wealthy.

The correct use of knowledge can help a person achieve their goals. When you support knowledge with thorough research and planning, things become easier.