"If you're 35 and poor then you DESERVE to be poor" - Alibaba founder Jack Ma

[Venti Quattro]

Do you agree with this statement? I definitely agree. If you're 35 and you haven't bumped up your state of life and have savings then you completely deserve to be poor.

[SnakeBoy]

Define Poor.

[spurraider21]

By in large yes. I think there are exceptions, such as people hamstrung by medical bills

[SnakeBoy]

Looked up what he actually said. I'd have to agree...

Jack Ma: People lose out in life because of these 4 reasons:
Being myopic to opportunity
Looking down on opportunities
Lacking understanding
Failing to act quickly enough

http://news.yahoo.com/jack-ma-still-poor-35-043045383.html

[Venti Quattro]

Define Poor.
I defined it as not upping quality of life and having savings before 35.


By in large yes. I think there are exceptions, such as people hamstrung by medical bills
Yes there are exceptions but ceteris paribus we are assuming that we are talking about a healthy person who has the capability to work.

[RD2191]

Being rich or poor does not define a person. And if you believe it does then you've already lost at life.

[Venti Quattro]

Being rich or poor does not define a person. And if you believe it does then you've already lost at life.
Yes, do not let your riches define you. It's in every self-help book about finances and probably it's written in the Bible too. But if you stay poor in your lifetime don't you think you fucked up royally? As shitty as the world is now, there are still opportunities that will open up. This is America, the land of opportunity.

[SnakeBoy]

I defined it as not upping quality of life and having savings before 35.


With that definition I would agree with the op. Although it's usually after age 35 when most people begin the wealth accumulation phase of their life.

I do get annoyed with wealthy people giving their opinion on how everyone can be wealthy. The fact is every extremely wealthy person got that way through some degree of luck.

[spurraider21]

Being rich or poor does not define a person. And if you believe it does then you've already lost at life.
that just means u aren't rich


https://www.youtube.com/watch?v=_RoLdkgjKhs

[Venti Quattro]

I do get annoyed with wealthy people giving their opinion on how everyone can be wealthy. The fact is every extremely wealthy person got that way through some degree of luck.

Or connections. You don't get wealthy in this world without connections. It's the stone cold truth. Without connections the most you can reach is the middle class.

Some wealthy people are dicks when it comes to giving advice about wealth but when you look closely at their pieces of advice they do make sense.

[Jacob1983]

Money is everything.

[Venti Quattro]

Money is everything.

Family still trumps money for me but for 98% of the time, yes, you are correct.

[Jacob1983]

It solves everything. I know I work a shit job with shit wages but if I had self fucking control, I could have a lot more money even from my shit job. All of the stupid shit that you buy adds up. I could pay my college loans off in probably 2 or 3 years if I went cold turkey on buying stupid shit.

[Buddy Mignon]

Poor is a nothing but a mental state and at the young age of 35 you shouldn't be expected to have accumulated a ton of wealth. I know people who make well over six figures that are poor. Sure, they have a nice home and nice cars but they are living pay check to pay check. Becoming wealthy is what you should strive for... and that doesn't mean making a million bucks. Once I understood that wealth simply means the amount of passive income you earn from your investments to support your lifestyle then I changed my entire thought process on making money. The Richest Man In Babylon and Rich Dad Poor Dad helped me understand this over a decade ago. I can never be poor again.

[angrydude]

Survivorship bias