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7 MONEY LESSONS PEOPLE DON’T LIKE TO TALK ABOUT


YES, SMILING TOO MUCH IS WHY YOU WON’T BE A MILLIONAIRE

B. Wright


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The UNEarned Life

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6 min read
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Nov 1

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MOST PEOPLE WILL NEVER COME CLOSE TO BEING RICH

As much as we like to discuss the latest investment trends and paths to wealth,
rapper 50 Cent was right when he named his debut studio album, “Get Rich or Die
Tryin” — unfortunately, most will do the latter.

There is big business in motivational speeches, financial podcasts, and (yes)
church. The promise of a better life is what drives many of us, but the system
is not designed for everyone to be rich; it simply doesn’t work that way. It’s
like giving a group of children wooden blocks to build a tower, but each kid
wanting their block to be on the very top. But telling people only 1–5% of you
will actually come close to real financial independence is not very inspiring,
and people need hope.

Becoming rich will require making a lot (did I say a lot) of net new income AND
making really good investments to allow it to compound.


LUCK HELPS MORE THAN A LITTLE IN BUILDING WEALTH

If you don’t believe me, just read Malcolm Gladwell’s book Outliers. I’m happy
to recommend it again since it’s been some years since being the only thing
everyone wanted to talk about.

The gist is that Gladwell gives numerous examples of highly successful people
that were born at the right time, in the right country, or to the right parents
that gave them some unique advantage that wasn’t obvious until many years later.

The most famous example is Bill Gates living close to one of the few high
schools that had a computer in 1968 — the rest is history and a very good stock,
but still pay attention to my 4th lesson below.


MONEY LOVES SIN

Some of our greatest advancements have come from nefarious activities. From
technologies developed for war to the development of crypto for buying and
selling drugs and stolen goods. There is money to be made in many of the things
that would make your mom blush — adult entertainment, casinos, alcohol, pick
your poison, literally.

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WRITTEN BY B. WRIGHT


841 Followers
·Editor for

The UNEarned Life

Recovering perfectionist, polymath in training. Top writer in Investing. Also
covering Career, Entrepreneurship, Relationships, and random life observations.

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