If the economy is good, I assume you will take a job only if it pays you at least what you think is a good price on your time. If you would have asked anyone to predict why the next economic downturn would occur, I’m not sure anyone would have pointed to a pandemic… It had really never happened before, and to overuse the term, it truly was unprecedented. The rich have more information or access to information than the average person. One of the greats is this: “Be fearful when others are greedy, and be greedy when others are fearful.”. Like you said, it’s a game that many don’t even know exists. One way for the lenders to mitigate the risk of not recovering their money back is by asking for collateral on the loan. But at times, those start-ups donât just want capital; they want guidance and also relationships that a new equity partner can bring. Save my name, email, and website in this browser for the next time I comment. Sign me up for the SoM newsletter! I have investments in the stock market. It is easier all around to make money when you are rich. What’s the real reason for this? Reason #4: Better Investment Opportunities â Because of my income and net worth level, I qualify to participate in certain investment opportunities offered to only accredited investors and not the average person. Well yeah, that’s pretty rich – especially if you don’t live in a high-cost city like New York or San Francisco. We all work for money accordingly to what we believe is a fair exchange for our time. As my corporate responsibilities increased, I was offered more and more free nice meals at restaurants and tickets to sporting events from various service providers in the name of relationship development. 10% return on $10,000 is only $1,000. And, the poor can also get richâ¦ I remember reading an article about Ringo Starr, the famed drummer of The Beatles. They stayed frugal, did their best to earn more so that they could invest more, and once the market came back, they would be. The most crucial of those concepts is what Kiyosaki has termed the Cash Flow Quadrant. If you’re making a $120,000 salary each year, you’ve got a pretty rich income. Cash is another example of an income producing asset. The law is put in place to protect the average person from getting exposure to what the government perceives as hard to understand and riskier products. But now that he is rich, famous, and can easily afford any drum set in the world, he can get them for free any day of the week. I hope that seems reasonable to all of us, except for a few politicians out there who believe you should be tax heavily on your effort and collect very little for your labor. Why are the rich getting richer during the pandemic? At the same time, the added freedom from a higher paycheck has enabled me to take on more risks I’d otherwise not want to consider with a lower income. It’s true. Rising start-ups with tremendous potential in Silicon Valley can easily attract capital. The rich end up getting more money for hours worked because they believe a higher pay amount is necessary for their time. Why do rich people earn high returns? The rich have better investment opportunities. How Rich Are Americans On A Global Scale? I started this blog back in 2019 to help people better their financial health as well. PE Funds by law are only offered to accredited investors. The purpose of this article is not to draw up hate or jealousy of the rich. Lenders are in the business of providing money to people. Raking the leaves, cleaning the house, doing the laundry, cooking, and running errands are some of the chores performed. 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