![]() But, despite their friendship, the answer was always no – not because they didn't want to help him out, but because it would have been illegal. Why is it that rich people can accumulate so much wealth? Well, one reason is that some investments are simply off-limits if you’re poor.īack when he was a young man with little cash, the author asked his rich friends if he could get involved in their business deals. A Wall Street Journal article confirmed this, noting that 10 percent of the population own 90 percent of all the shares in the United States. The same goes for athletes, musicians and, of course, investors. ![]() Yep, 10 percent of actors earn 90 percent of the money. Think about Hollywood stars, and then think how many actors are waiting tables between gigs. Maybe you've heard of the 80-20 rule, which states that 80 percent of our success comes from 20 percent of our efforts? Well, that might be true for overall success – but for money, the rule is 90-10, because when it comes down to it, 10 percent of people have 90 percent of the money. ![]()
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