This rich/poor wealth gap is all the conversational rage. However, tonight I started thinking about two basic issues where “wealth” can have distinct advantages. These issues seem to be completely ignored by the people pumping class warfare and by the media covering the class warfare:
- Compounding: Once you have made a certain amount of money, and especially if it is big money, compounding can play a huge role in accelerating the growth of money.
- Access to top investing professionals: Yes, if you have a billion dollars, you get special treatment.
Does that make the current richest among us necessarily evil? No, of course not because the short answer is that each blueprint for wealth is unique. And today’s wealthiest list is filled with first generation money. We have a winner take all society, but who said life was fair? All we can do is buckle the chin strap and get in the game. Occupations, marches, protests, etc. all just delay any chance you might have at financial success.