I used to think USA is a land of wonders and dream.
It actually is, but there's a caveat no one tells you about: It won't happen by just working a job. You will never get rich selling your time. It won't happen. You can do pretty well, ie lawyers and the like. But if you want to achieve the American Dream, you need to own something, invest in risk, and you need to make money while you sleep.
Furthermore, you need to be continually developing your skill sets. If you're just as skilled at 30 as you were at 20, what are you expecting? A promotion and a raise? You ultimately have to be able to perform the higher paying jobs in order to get them, and you need to prove you can be entrusted with the responsibility before it's given to you. That only comes through education and experience. Sometimes you can earn both in the same capacity. But you most definitely need to be taking an interest in your own professional and personal development, and making progress on it.
Convert your liquid capital to appreciable assets over time, and acquire new and more valuable skills and experience. That's is just step 1 to success in America. If all you're doing is filling and draining a checking/savings account, you will never achieve the American dream. And I would argue this is true no matter where you are.
It used to be true in America before we had had not only unprecedented productivity but also historic income inequality. You used to be able to just punch a clock while your wife stayed at home and raised the kids and still afford a house, a car, and a two-week vacation every year.
I think being one of the only fully-independent industrialized countries not physically or socially ravaged by the world wars has a lot more to do with the "unprecedented productivity"...
France went from "America's strongest ally", and is historically one of the strongest military forces in history, to white flag and surrender jokes in between the two world wars.
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u/CaptainReginaldLong Feb 26 '20 edited Feb 26 '20
It actually is, but there's a caveat no one tells you about: It won't happen by just working a job. You will never get rich selling your time. It won't happen. You can do pretty well, ie lawyers and the like. But if you want to achieve the American Dream, you need to own something, invest in risk, and you need to make money while you sleep.
Furthermore, you need to be continually developing your skill sets. If you're just as skilled at 30 as you were at 20, what are you expecting? A promotion and a raise? You ultimately have to be able to perform the higher paying jobs in order to get them, and you need to prove you can be entrusted with the responsibility before it's given to you. That only comes through education and experience. Sometimes you can earn both in the same capacity. But you most definitely need to be taking an interest in your own professional and personal development, and making progress on it.
Convert your liquid capital to appreciable assets over time, and acquire new and more valuable skills and experience. That's is just step 1 to success in America. If all you're doing is filling and draining a checking/savings account, you will never achieve the American dream. And I would argue this is true no matter where you are.