It’s Not About Money or Connections

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“It’s not about the money or connections. It’s the willingness to outwork and outlearn everyone when it comes to your business. And if it fails, you learn from what happened and do a better job next time.”Mark Cuban

How do people get rich? While the majority toil for hours and still struggle to make ends meet, the few “lucky” ones earn in their sleep. What do they have that most people don’t?

According to a Pew Research poll in 2011, 46% of Americans believe they wealthy got wealthy “because they were born with money or they knew the right people.” On the other hand, only 43% of Americans believe that “hard work, ambition, or educations” are the reasons the rich got rich. This perception remained largely unchanged from a Pew survey in 2008.

However, most studies have shown that two-thirds of today’s millionaires consist of hardworking and passionate people who belong to the middle-class families. Surprisingly, more Americans still have the belief that the rich owe their fortunes to their parents or elite social circles rather than hardwork, ambition, and education! And despite the growing number of billionaires under 40 who started off as ordinary people, this sceptical view is most pronounced by people between the ages of 18 and 34.

This goes to show that the majority still holds the belief that it’s all about money and connection. If we perceive success this way, then we’re already doomed from the start for undermining our own capabilities to succeed. Here’s what tech billionaire and basketball team owner Mark Cuban thinks: “It’s not about money or connections – it’s the willingness to outwork and outlearn everyone… And if it fails, you learn from what happened and do a better job next time.”

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