Rich kids do better

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I came across an article recently that verifies the belief that I have.

The most important things in life are learned at home rather than school.

Of couse that is not the message that the writer was intending to convey but

rather to point out the inequalities that plague our financial landscape.

 

You can read the post here or see the original article in this link.

poor kids

America is the land of opportunity, just for some more than others.

That's because, in large part, inequality starts in the crib. Rich parents can afford to spend more time and money on their kids, and that gap has only grown the past few decades. Indeed, economists Greg Duncan and Richard Murnane calculate that, between 1972 and 2006, high-income parents increased their spending on "enrichment activities" for their children by 151 percent in inflation-adjusted terms, compared to 57 percent for low-income parents.

But, of course, it's not just a matter of dollars and cents. It's also a matter of letters and words. Affluent parents talk to their kids three more hours a week on average than poor parents, which is critical during a child's formative early years. That's why, as Stanford professor Sean Reardon explains, "rich students are increasingly entering kindergarten much better prepared to succeed in school than middle-class students," and they're staying that way.

It's an educational arms race that's leaving many kids far, far behind.

It's depressing, but not nearly so much as this:

Even poor kids who do everything right don't do much better than rich kids who do everything wrong. Advantages and disadvantages, in other words, tend to perpetuate themselves. You can see that in the above chart, based on a new paper from Richard Reeves and Isabel Sawhill, presented at the Federal Reserve Bank of Boston's annual conference, which is underway.

Specifically, rich high school dropouts remain in the top about as much as poor college grads stay stuck in the bottom — 14 versus 16 percent, respectively. Not only that, but these low-income strivers are just as likely to end up in the bottom as these wealthy ne'er-do-wells. Some meritocracy.

What's going on? Well, it's all about glass floors and glass ceilings. Rich kids who can go work for the family business — and, in Canada at least, 70 percent of the sons of the top 1 percent do just that — or inherit the family estate don't need a high school diploma to get ahead. It's an extreme example of what economists call "opportunity hoarding." That includes everything from legacy college admissions to unpaid internships that let affluent parents rig the game a little more in their children's favor.

But even if they didn't, low-income kids would still have a hard time getting ahead. That's, in part, because they're targets for diploma mills that load them up with debt, but not a lot of prospects. And even if they do get a good degree, at least when it comes to black families, they're more likely to still live in impoverished neighborhoods that keep them disconnected from opportunities.

It's not quite a heads-I-win, tails-you-lose game where rich kids get better educations, yet still get ahead even if they don't—but it's close enough. And if it keeps up, the American Dream will be just that.

All credit is given to the original sources for the information above.

For some reason I do not see anything amazing in this.

Not because I believe the world to be inherently one sided but rather because

I find it makes sense.

Children who are taught bad money habits from their parents (or none at all)

failing to become affluent is no surprise.

This is the uphill battle that everyone who has parents that have not

made a fortune for themselves face.

Brett CruickshankChoose your opportunity.

Contact me personally.

Follow me on facebook.

Think.

 

The income claims represented in this blog post are extraordinary and do not make a guarantee for your success or income level. Please see Empower Network's average affiliate earnings at: http://www.empowernetwork.com/income

Not hungry enough?

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If you are not familiar with the slang 'hungry' I doubt you have ever been.

When you are hungry you will do whatever it takes to put food on the table.

All the self doubt and other invisible barriers to your success take a back seat

to the self preservation instinct that drives you to stay alive by any means necessary.

This explains why entitled brats who have been handed everything all their life

cannot see their way to putting in real effort in their work..... they do not know hunger.

 

All careers require that you sacrifice your time but some require more.

Sacrificing pride, sleep, even health and safety all play a part in determining

what kinds of jobs you are willing to do.

Few and far between are the students who dream of being a garbage man,

despite how good the compensation package is.

Garbage Man

If you are hungry its a really easy choice to make.

Off shore work is always well paid because of the time away from home that is required.

Off Shore Worker

Easy choice if you know you and your family will eat well because of your sacrifice.

The list is endless and has different reactions from each individual.

 

What I have realized is that age plays a bigger role than I thought.

Only when the weight of life rests squarely on your shoulders and your parents cannot

assist anymore is when you are truly at your most productive.

Unless of course, as a child, you were from a family that went hungry,

you are not as willing to do whatever it takes as someone with that experience.

 

I have always been irritated by elders assuming that I was wrong because of age,

so I refuse to do it now that I am out of school long enough to be viewed as such.

I will not say that young people are not hungry because it is simply not true.

What I will say is that if you are young and you are not hungry enough to do

whatever it takes to succeed, then I am not surprised.

 

Let me be clear..... I am not hungry.

I would be a liar to even imply that because there is too long a list of things I will not do.

The creators of the opportunity that I represent were hungry.

They did many things that I would never do.

I say this to put it in perspective that if you cannot see yourself doing the easy part,

there is no way that you can be in the category of 'hungry' either.

 

Take a good look at yourself and answer this question.

If you put out some extra effort will you make more money?

This opportunity answers you with the blueprint.

Brett CruickshankAdd or follow me on Facebook.

Share and like!

Watch Business Videos

Make the choice

to be more hungry than content.

The income claims represented in this blog post are extraordinary and do not make a guarantee for your success or income level. Please see Empower Network's average affiliate earnings at: http://www.empowernetwork.com/income

Evolution of A writer

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I must admit that most of my writing on this site has been boring in comparison

to the colourful way I speak in my day to day life.

In truth this is not a revelation but an intentional cop out perpetrated

to remain business-like and avoid alienating professional readers .

Not only does it fail but it creates text no different than any of the textbooks that

you read in school and didn't derive any joy from reading.

 

Totally wrong point of view to take!

No one wants to read politically correct drivel, even if it is on the most interesting subject in the world.

Even if your purpose is to attract customers to your opportunity,

your first commitment has to be creating content interesting enough to read.

It is time to stop  avoiding the harsh words of judgement that would make the sensitive people

among us cringe but inescapably bring my points across.

While there is merit in being professional as a businessman,

as a writer you need to avoid boring your audience into leaving before they have finished reading.

 

It is better that I alienate those who do not agree!

It is absolutely pointless to work within the confines that that others have set.

It was especially stupid of me to even try,

given that most of my content spits in the face of most main stream beliefs.

Putting some personality into each article to the point that someone will recognize the writing

rather than the author will be the equivalent of creating a brand for myself and attract like minded followers.

 

All part of the learning process I guess.

Time to edit myself less....... it usually works for me.

I will view this as another milestone in my literary evolution.

Unfortunately it cannot all be done in one day, progress is slow.

This simple article is light-years better than the first one sentence article that I wrote.

The future will lead to mastery with a little consistency.

 

I now make the pledge that I will no longer pull my punches in my articles!

Brett CruickshankSpread the word!

Like and share as much as you can.

Join me on Facebook.

View the video that will put you on a

path of career success here!

 

 

The income claims represented in this blog post are extraordinary and do not make a guarantee for your success or income level. Please see Empower Network's average affiliate earnings at: http://www.empowernetwork.com/income

Get out of your own poverty

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You may think these statements to be too harsh but the fact remains that this is what self made success stories think about people who never made it out of poverty.

Jack Ma: If you’re still poor at 35, you deserve it! 83 By Zach Ho on April 15, 2014 Opinions

You are poor because you have no ambition.

Jack Ma: Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity. After discussing for a full two hours, they were still confused — I have to say that I may not have put myself across in a clear manner manner then. The verdict: 23 out of the 24 people in the room told me to drop the idea, for a multitude of reasons, such as: ‘you do not know anything about the internet, and more prominently, you do not have the start-up capital for this’ etc etc.

There was only one friend (who was working in a bank then) who told me, “If you want to do it, just try it. If things don’t work out the way you expected it to, you can always revert back to what you were doing before.” I pondered upon this for one night, and by the next morning, I decided I would do it anyway, even if all of the 24 people opposed the idea.

 

When I first started Alibaba, I was immediately met with strong opposition from family and friends. Looking back, I realised that the biggest driving force for me then was not my confidence in the Internet and the potential it held, but more of this:  “No matter what one does, regardless of failure or success, the experience is a form of success in itself.” You have got to keep trying, and if it doesn’t work, you always can revert back to what you were doing before. 

As with this quote by T.E. Lawrence – “All men dream: but not equally. Those who dream in the dark recesses of the night awake in the day to find all was vanity. But the dreamers of day are dangerous men, for they may act their dreams with open eyes, and make it possible.”

 

Jack Ma: People lose out in life because of these 4 reasons:

  1. Being myopic to opportunity

  2. Looking down on opportunities

  3. Lacking understanding

  4. Failing to act quickly enough

You are poor, because you have no ambition.

Ambition is living a life of great ideals; a magnificent goal in life that must be realised.

In this world, there are things that are deemed unfathomable, but there is nothing in this world that cannot be done. The depth of one’s ambition determines the potential of one’ future.

The Story of Juliet Wu Shihong – one of China’s first-generation professional managers, who gained success by working her way up the ranks from a cleaner, a nurse, a marketing executive, through self-education and learning on the job.

 

She had been the general manager for the world’s most famous multinational IT groups’ Chinese branches (Microsoft 1985-1998; IBM 1998-1999). She is also China’s first successful international corporate executive to join the executive team of a domestic private firm. Wu was seen as a symbol of the new generation of business executives that China has produced in its economic reform and opening-up.

When Wu started off in a big company working from the lowest ranks, her daily job was to pour tea and sweep floors. Once, because she forgot her staff pass, the company’s guard stopped her at the door and denied her entry. She explained to the guard that she was indeed one of the company’s employees, and that she had merely left the building for a short while to purchase office supplies.

Despite her pleas, the guard still did not allow to enter. As she stood at the gate, she watched as those of similar age to her, but smartly dressed in business attire walking through without having to show their passes.

She asked the guard, “Why are these people allowed through without producing a pass?” The guard dismissed her coldly nonetheless.

That was the turning point for Wu – she felt great shame, her self-esteem trampled on.

She looked at herself, dressed in shabby clothes and pushing a dirty push cart. Looking back at those dressed in smart attire, her heart felt a deep ache from the sudden realization of the sorrow and grief from being discriminated. From that moment, she vowed never to allow herself to be shamed like this again, and to become world-famous.

Since then, she used every opportunity to enrich herself. Every day, she was the first to arrive at work, and the last one to leave. She made every second count, spending her time learning the ropes. Her efforts soon paid off; she was made a sales representative, and quickly progressed to being the regional general manager of this multinational company in China. Wu did not possess strong academic qualifications, and was revered as the ‘Queen of Part-timers’. Subsequently, she assumed the position of GM of IBM China. This is the Wu Shihong, the heroine in China’s business circle.


If not for the incident, Wu Shihong would not have had the ambition to become rich, and her life would have taken a very different path then.

  • You are poor because you do not have the desire to become successful.

  • You are poor because you lack foresight.

  • You are poor because you cannot overcome your cowardice.

  • You are poor because you lack the courage and determination.

  • With ambition you can overcome all inferiority and maximise your potential!

  • With ambition you can persevere, continuously learn new things and strive for perfection.

  • With ambition you can defy all odds, and create miracles when others daren’t.

No matter how poor your family is, do not doubt your own abilities and lose sight of your ambition.

  • When your family deems you worthless, no one will pity you.

  • When your parents do not have money to pay the medical bills, no one will pity you.

  • When you are beaten by your competitors, no one will pity you.

  • When your loved ones abandon you, no one will pity you.

  • When you have not accomplished anything by the time you are 35, no one will pity you.

Go big, or go home. Otherwise, you’re wasting your youth.

The article is originally published in Chinese, and is translated into English. If you think this was helpful, feel free to share it with your friends.

The income claims represented in this blog post are extraordinary and do not make a guarantee for your success or income level. Please see Empower Network's average affiliate earnings at: http://www.empowernetwork.com/income

Motivation - Mindset of success

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If you enjoyed this please “comment, like & share”.

Do whatever it takes!

My name is Brett Cruickshank and I want success in life.
I am willing to step out of my comfort zone to do it.
What about you?

 

Follow me on facebook @ https://www.facebook.com/brett.cruickshank.75

Email: brett@thecruickshop.com

 

PS:Click here to learn to make a website for your business from scratch!

If you find this article "Mindset of success" is enlightening please comment below.

The income claims represented in this blog post are extraordinary and do not make a guarantee for your success or income level. Please see Empower Network's average affiliate earnings at: http://www.empowernetwork.com/income

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