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Are people rich or poor depending upon how hard they work? Posted by ir789s on Feb 3, 2009. |
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Is your question: Is there a relationship between financial success and ambition? Posted by ssook on Feb 3, 2009. |
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Sometimes, but not necessarily. Frequently, hard work does result in financial success. However, sometimes a person can work very hard, but other factors, such as illness or natural disaster, can wipe out their wealth. Sometimes a person can work very hard, but the kind of work he or she does is not compensated at a high rate of pay. And sometimes people don't work at all, but enjoy financial success because their wealth is inherited from others. Posted by mshurn on Feb 3, 2009. |
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In reply to #2: yes. the question is base in the book "rich dad poor dad" Posted by ir789s on Feb 3, 2009. |
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..People can gain financial means not only by hard work ..corruption is also a great factor where a person can acquire wealth Posted by celinecia on Feb 4, 2009. |
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Hard work, as much as the American dream would like us to believe, does not always end in financial success. Many blue - collar workers and laborers work harder than any other profession, but I certainly do not see these people making millions of dollars. In terms of professional careers, teachers work very hard, with very little pay and, in some places, even less respect than other jobs. Posted by scdaniel on Feb 4, 2009. |
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Hear, hear #6! Money is only one of the rewards for work. At least some of the low-paying jobs, such as teaching, offer the satisfaction of making a difference in the world. Of course, that doesn't mean teachers shouldn't be paid better! Another factor that hasn't been mentioned is discrimination. Historically, women and people of color have had fewer opportunities to get high-paying jobs and have been paid less than white men for the same work. Posted by cburr on Feb 7, 2009. |
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Definitely, there is significant correlation between amount of hard work and earnings. However, there are many other factors that determine the wealth or financial status of a person. Even if we assumed a direct relationship between hard work and earnings, the wealth of a person will not be proportional to earnings. This is for the one simple reason that the wealth depends not only on what you earn, but also on what you spend and save. Also there are many other sources of wealth like inheritance, and winning a big sweep-stake. In practice, the earning itself is not directly related to hard work. Some of the important factors that influence earnings include the following.
All these factors combine to determine the earnings of individuals. No single factor will lead to prosparity, at the same time total absence of any one factor will mean certain problem. I can explain this reasoning by a simple equation taking only two factors "Effort" and "Luck". Wealth = Effort X Luck One implication of this equation is that though hard work will not guarantee high earnings, it will definitely improve the probabilities of high earnings. Posted by krishna-agrawala on Apr 5, 2009. |

