Thursday, March 03, 2011

Why the rich become richer.. a small view of the pie

Here is some food for thought... why do the rich become richer? I'm looking @ small view of the pie - education.
I've seen quite a good # of researchers, venture capitalists, top notch heads of firms... a good # of them who shone out young, were the ones who did not have the challenge of money/funding/cost hanging over their heads. They are the ones who take crazier/bolder risks!
Folks who have grown up in wealth, did not have the challenge of trying to figure out where their next month's fees for school/college is coming from, tend to not worry about these things!
I do agree that folks who grow up in wealth, also end up with disastrous, drug induced, loathsome or just riches to rags futures as well. Not the smart ones!
I read about an experiment that was done with twins - one grew up in a very well to do household, ended up becoming a pretty smart & made it big, early in life; the other grew up in a middle class household - made it big... but was risk averse and took a longer time to establish and make it to the big time.
Not having the money factor to worry about, does change a lot of things and the way we end up looking @ things, and it most certainly affects our decisions!
Whats your take on it?