BY DAN MILLER
(originally posted December 29, 2005)
I think I've discovered the secret to enormous riches, or at least a way to increase your odds.
While looking over several year-end reviews for 2005, I noticed a current list of the 400 richest Americans, as compiled by Forbes Magazine.
I started thinking.... there must be a common denominator among people who manage to accumulate billions of dollars.
Perhaps if I could just find that common thread among the super rich, I could devise a way to accumulate so much money that I'll no longer face the prospect of working until I'm 95 in order to get my 7-year old daughter through school.
One by one, I went down the list of names and -- suddenly -- it jumped out at me.... a common thread running through at least 78 of the 400 richest Americans.
And, truthfully, I suspect that common thread occurs far more often than is indicated on the Forbes list.
At least 20% -- probably many more -- of really rich people "inherited", or married into, their source of wealth.
Ahhh, so there you have it kids.... if you want to be incredibly wealthy, you must make sure you have incredibly wealthy parents.
(It can also be accomplished with fabulously wealthy spouses -- perhaps even uncles or aunts, if you're really, really nice to them.)
Who would have thought it could be that simple?