Are Your Parents Rich-Small Town Life

Good Morning Happy Friday right!?!?  So growing up as many of you know, we lived in a small town, I mean our school had like 6 towns combined and we were still considered very small.  One thing came to my mind the other day when a couple of friends and I happened to stop by in our old hometown to pick up some golf clubs.  What did we ever even do in this town?  No wonder we played sports or watched movies, the only businesses were a grocery store and 2 restaurants.  It's was unbelievable to me, I currently live in Chicago so that might have something to do with it, but I was almost taken back, and then I thought about it who is rich or wealthy in this town and area, it was definitely not my parents despite the subject.

So I started thinking how do any of us know how to be wealthy?  Do we take what are parents have done and mimic what they have done?  I don't see anyone as of yet running a hedge fund, owning a multi million dollar business, so how do we get there, who teaches us what we need to do to become wealthy?

Let me back track this a little, there are many people who have great jobs and professions who make a good or even great salary.  I have friends who are doctors, lawyers, nurses, construction workers, bankers, and I know they will do well, but will they be wealthy?  Do they have student loan debt, mortgage, are they debt free?  Because otherwise they/we are walking with a limp, during the race of being wealthy.  What are they doing to become wealthy?  What did your parents tell you to do?  Did they show you the path? 

Growing up I feel like very few friends or classmates had wealthy parents.  Without saying specific people although small town it will be pretty easy to figure out, here's what I have taken from it.  Insurance agent, Judge, Railroad worker, Restaurant owner, Business owner, these are the names that pop in my head that seemed to be doing above average compared to other families.  What do I see with almost all of these is that they had there own business in some way, these are the people who did well.  Yes there are certainly outliers and many people who work at a solid company and appeared to be doing well, but the outer appearance is small business is the way to wealth, there are other ways, but this sticks out.

Wealthy Farmer?

                                               

My parents have not taught me how to become wealthy, they have taught me many things that I am indebted to them for life, the list would be to long to even mention.  This is my goal, become wealthy.  I do not own my own business, strike 1 for me, I am in debt, strike 2 for me, however one topic that I did not cover, real estate, this is not a strike for me and feel like this maybe the home run of wealth. 

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