[codyswann]

This article is laughable.

1) Most of the personal finance experts he lists aren’t telling you how to get rich. They’re telling you how not to be poor.

2) Most people do need a coach or a mom or whatever to tell them they can’t afford something. Most people don’t even know how to balance a checkbook or calculate the real interest rate of a credit card.

3) Most people don’t know how compounding interest works.

4) There’s no definition of “rich”

5) I know plenty of people making mid-6 to low-7 figure incomes while “working for someone else” and some retired in their late-40s, early 50s

6) Most businesses fail

[jstummbillig]

> I know plenty of people making mid-6 to low-7 figure incomes while “working for someone else” and some retired in their late-40s, early 50s

Plenty to satisfy what? Why would you bring anecdotes to a gun fight?

[codyswann]

Author said “no one gets rich working for someone else” - I would consider all of these people rich.

[luckylion]

It's not to be taken literally. Someone might offer you some dessert and, if you don't accept, say "no one ever died from eating some sweet dessert", but that's not a claim that literally no one ever died from eating sweet dessert. I'm sure more than one person choked on it and died in the history of humanity.

It doesn't mean that, it means "very very few people get rich working for someone else".

[civilized]

Very few people get rich period. Many more get to the upper middle class, say the top 10-20% of income. And the vast majority of those do so by ordinary employment, not starting a business.

If we go by the numbers and the odds rather than pithy-but-misleading slogans, the easiest, safest path to a higher income is probably acquiring skills that are more rewarded in the labor market.

Which is still far from easy, but there is no easy way to make a lot of money. That much I agree with the article writer on.