Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - World's richest woman says poor should have less fun, work harder

simmer2 · 08-31-2012, 03:32 PM

Success comes from working harder than everyone else, but it's where you choose to work hard that makes the difference. In my mind the biggest factor being Risk Tolerance/ROI and what a person is willing to work hard for. Examples being:

I work really hard at my job and get a 5% return per year in the form of a raise based on my efforts.

I work really hard in a business that's my own where the risk is higher but the return ranges from 5% -> 100% based on the opportunity.

If I work really hard in my own business where my return is 100%, I will be more "successful" than the guy who works hard and gets a 5% return working in a corporate job. The difference being, we both work hard but I am willing to take the risk being the guy everything falls back on in good times and in bad.

In order to be successful in one's own business though, you need access to cash. Arguably, if you are born middle to upper class, you do not have to work as hard to find money. If you are born lower class, I would guess there would be less access to money or it would be tougher to find.

08-31-2012, 03:32 PM	#71
simmer2 Franchise Player Join Date: Aug 2005 Location: Calgary, Alberta Exp:	Success comes from working harder than everyone else, but it's where you choose to work hard that makes the difference. In my mind the biggest factor being Risk Tolerance/ROI and what a person is willing to work hard for. Examples being: I work really hard at my job and get a 5% return per year in the form of a raise based on my efforts. I work really hard in a business that's my own where the risk is higher but the return ranges from 5% -> 100% based on the opportunity. If I work really hard in my own business where my return is 100%, I will be more "successful" than the guy who works hard and gets a 5% return working in a corporate job. The difference being, we both work hard but I am willing to take the risk being the guy everything falls back on in good times and in bad. In order to be successful in one's own business though, you need access to cash. Arguably, if you are born middle to upper class, you do not have to work as hard to find money. If you are born lower class, I would guess there would be less access to money or it would be tougher to find.