Sponging inheritance money, taking free gubment handouts, and dodging taxes IS a form of "earning".<quoted text>
4/20/2012 @ 10:03AM |4,204 views
Most Wealthy Individuals Earned, Not Inherited, Their Wealth
Without getting too much into my problems with the book, I will say that the idea that a millionaire is more likely to be your local business owner rather than someone born into a family of money was new to me.
Recently, PNC Wealth Management conducted a survey of people with more than $500,000 free to invest as they like, a fair definition of wealthy, and possibly millionaire once you begin including home equity and other assets. Only 6% of those surveyed earned their money from inheritance alone. 69% earned their wealth mostly by trading time and effort for money, or by working.
Just like letting mommy and daddy pay for your medical bills until you're 21 is a form of "personal responsibility"...