Forget about white supremacy. It's all about RICH Supremacy now.

http://articles.moneycentral.msn.com/Investing/StockInvestingTrading/Canyouteachkidstoberich_article.aspx#pageTopAnchor


Can you teach your kids to be rich?
Some characteristics of the wealthy are born, not bred. But there's plenty you can do to make your children smarter about money.

By Abby Ellin

If you're like most people, chances are you spend a lot of time thinking about your money. If you're a parent, you may spend even more time thinking about your kids' money -- or, rather, how to ensure they have some when they need it.

One of the great debates of parenting is whether it's possible to instill in kids the attitudes that will help them handle money well. Can you motivate a child to put his allowance into a savings account rather than spend it at the local toy store? Can you -- and should you -- inspire a child to dream of 10,000-square-foot homes and a sparkling new Porsche? In short, can wealth be taught?

As in most nature/nurture debates, the jury's still out on this one. But there's a lot to think and talk about. Most experts believe the desire to amass wealth is the result of a friendly mixture of genes and gumption -- wherever that comes from. In other words, a lot of it is baked into the personality early on. On the other hand, experts also believe it is possible to teach your kids behaviors that will increase their wealth -- and that it's never too early to start. When kids have both the inner drive and encouragement in the right direction, get out your calculator because the sky's the limit.

"Can wealth be taught? Absolutely. Are people born with a wealthy mindset? Absolutely," says Dr. Gabriela Cora, president of the Executive Health & Wealth Institute, a corporate consultancy in Miami. "I believe someone who is born with the inner motivation to succeed -- and encounters a fertile environment that enables the potential for accumulating wealth -- will find extraordinary opportunities." Cora has identified three key characteristics that she believes most wealthy people possess: risk-taking, creativity and perseverance. Although these traits do have a genetic component, they can also be coaxed along and brought to the forefront.




Wow, rich people are just so peachy keen! And now we know that their innate goodness and brilliance is genetic. Isn't that great? :sarcasm:


"inspire a child to dream of 10,000-square-foot homes and a sparkling new Porsche" :puke:



Sometimes I feel like I was born on another planet than these people who would want to instill "values" like this in kids...

How about sociopathy, amorality, and lack of empathy? All characteristics that are often seen in very wealthy people.

With risk-taking,creativity and perseverance.

I feel strongly that financial independence is possible and desirable (meaning simply that you don't need to work for anyone). I've also found, particularly with kids, that the only way to get them to save money is to get them to visualize the tangible reason for saving.

Is the 10,000 sf house and the new Porsche an appropriate goal? By the time I had enough money for the Porsche (Corvette in my case), my priorities had changed - but the money was in the bank. Creative financial thinking is a good trait. We wouldn't be able to survive on our modest income otherwise.

I think that the "teaching wealth" is a bad paradigm. My parents called it "knowing the value of a dollar".

I've had no problem negotiating around wealth, but I've had good advice passed down through generations.

HRC has recognized the same principles, which aren't really Methodist, but come from that practical tradition.

Enjoy your mature perspective as you appreciated the sources ... it's the message that's disturbing because the messenger doesn't have a clue (yet?).

...it was the meme that wealthy people are wealthy because they are GENETICALLY SUPERIOR. :puke:

and not enough milk of human kindness- in many cases of the ultra rich. No matter how much they have, it is not enough for too many of them. They have more than they will ever need/use; way more than required for survival or even comfortable survival. They acquire to the point where they can abuse and it STILL isn't enough.

It's like they have some material goods tapeworm eating them from the inside. Can't get enough stuff; can't get enough power. Something inside them consumes everything and leaves them as a shell of a human and more of an animal that cannot eat enough.

They are inferior, not superior. The problem is the way societies idealize their defenses and illness.

to have been the vile Maxim of the Masters of Mankind.'

Not the best thing for the whole species.

Despite the claims of the rightwingers --who've obviously never read him-- Dr Smith had nothing good to say about the "masters of mankind" or their psychopathic greed.

Is that wrong of me?

Tho I have to admit the little pleasure I get is immediately followed by a wave of goddess-i'd-love-to-beat-their-empty-head-in irritation at their smug, willful ignorance.

It's really hard, cuz my anger wolf sees so much worth eating!

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x6140601

Yup

"The New Golden Age", he breaks out four classes of people and how they come into power. One of those classes is what we would think of as the wealth accumulating class, the businessmen and CEOs. The others are the laborers/athlete, the intellectuals (includes religious leaders) and the warriors. He breaks them down more in depth but that is the gist of his description. He states that people are born with innate tendencies toward one of these four occupations. You can tell which class has the power by who children aspire to be and what parents want their kids to be when they grow up.

Wanting your child to be rich is a clear indications that the wealth accumulators or businessmen and CEOs are in charge.

I look forward to the revolution.

how it just so happens that the vast majority of rich people come from rich or at least solidly middle class homes themselves?

But no, it wasn't the education, social skills and contacts their wealthy parents gave them that got them to the top, it was their INSTRINSIC SUPERIORITY.

:eyes:

so promoting "White" supremacy helps keep Whites trotting after the carrot like good little donkeys.

... the Founding Fathers were VERY WEALTHY white dudes (for their time) ... they weren't scrapping and scraping the keep food on their families like the mythology portrays -- they were landholders, slaveholders, 'educated' men ...

... and thus it ever was ...

You've doubtless seen that rightwing fairytale that periodically makes the rounds? The one about how the wealthy signers of the Declaration all got financially wrecked by the Revolution?

What I find interesting is that, although there's a rebuttal that usually circulates behind it, nobody ever mentions who REALLY got taken to the cleaners during the Revolution: the common people who did all the fighting and dying.

They got poor or no clothing and shelter, little food except what they could scrounge themselves, were paid off in worthless paper money, and then came home to find a big tax bill that had to be paid in coin (so that the bankers and speculators could get their money back), while their farms were gone to weeds and all the trade for their little smithy, printery, or cobblery business evaporated.

I wonder why we never hear about them. Maybe the same reason that BushCo doesn't let us see the bodies coming back from the Sand Quagmires?

There was a time when many whites were enslaved in the colonies. After some scary slave revolts there was a concious effort by the slavers divide the servile class by making 'whip and chain' slavery an exclusively black institution, buying off these poorest of whites with a less than bottom social status. It worked.

Not too different from the myth of the middle class, that we're all middle class. That lie worked too.

slave traders began supplying kidnapped Africans at cheaper prices than other traders could supply indentured English. The owners began starving the Africans, who responded by stealing food from the barely-fed Whites, who responded in their turn with hostility, thus splitting up the natural within-class alliance.

Many psychopaths, who are predators, point out that among non-humans, predators are smarter than prey species. They therefore claim that they are smarter than the rest of us. It's ill-reasoned, but still an uncomfortable thought.

By encouraging the child to dream of wealth, when that wealth isn't achieved, for whatever reason, a certain depression can set in. In short, this is a child-rearing recipe to fill up future therapy offices and sell self-help books, as well as create a lifetime of misery for the mass of children so taught.

So much for Pursuit of Happiness.

The core needs to be caring. Self cannot be really happy alone. Caring is essential. Some energy towards wealth seems OK, as it can drive a CARING person to reach enough power/influence to bring others up a few rungs too.

Happy people are the wealthiest and I have seen some pretty wealthy people without a level of material goods our society would label as 'rich'.

Nuances.

... "Look, we taught you everything you needed to be successful and wealthy - if you fail, its your fault" rather than honestly stating that the playing field never is - and never will be - even, and that the game of corporate-not-so-free-markets is fixed before the opening bell even sounds.

Indeed, so much for the pursuit of happiness.

are better goals.

Instead of dreaming of earning so much money that you can go to fancy restaurants - teach your child how to cook a gourmet meal for themself. Instead of dreaming of buying a Porsche - learn how to fix your car up so that it'll go faster than a Porsche.

(That's what I'd do anyway...as I never managed to save up for the dream car).

And unlike a car or something else that similarly declines in value over time, you're not even getting the use of it meanwhile---the banker is!

the money, just as the banker. If the value of the currency you are holding is depreciating change to a currency that is moving up.

Do you immediately transfer your money into food or what as soon as you get it? If holding Euros or dollars is gambling. :crazy:

How it's made, there's the catch. If you accumulate your boodle by stealing the labor of others, there's the bad wrongness. And let's face it, great wealth is not accumulated by putting money in a savings account or under the mattress.

Although there might be exceptions, generally speaking: great wealth = great crimes.

and yachts...didn't do much for me in the present day...

Class warfare is alive and well, unfortunately. Teaching kids to know the value of a dollar and the self-worth in earning and saving is a wonderful thing. Looking down your nose at another, for any reason and especially over money, is just plain wrong.

It's all about "I'm better than you, so you will work and I will enjoy the fruits of your labor"

You can encompass nearly 98% of us. What is the figure? Somewhere around 2% of the world's population holds 90% of the money... I just read it in Forbes again... and was given the same statistic by a money managing firm a couple of years ago.

that 85% of *all* wealth-producting property is in the hands of only 10% of the population. So 85% of all wealth flows into that small group of pockets. And the next 10% get most of what's left.