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by czbond 2653 days ago
But I do.

Wealth has nothing at all to do with worker productivity. It has only to do with saving a lot more than one spends by spending less, or generating large value to society with a monetary reward.

The pathway for any middle class family is through inherited wealth and NOT some fantasty of wealth equality achieved in 1 lifetime. We need to stop thinking in small terms of 'years'.

Wealth can be achieved generally in a family over the course of 1.5 centuries. If a family applies good saving practices, and saves over 5-6 generational lifetimes - it is very hard NOT to be wealthy. My parents were a fireman and teacher. My grandfather paid for my college, my parents are paying for my kids college, and I'm paying for my grand kids and great grand kids college - SOLELY bc of saving over extended periods of time. That was our family deal - take care of those after you 2 generations down. Thinking multi-generational is the easiest path to success.