Thursday, July 23, 2020

Eagles and Choices

Ironically, wealth also limits your career choices if your community believe they are self-made. As the Eagle’s Nest gets higher from the ground through compound growth, being pushed from the nest either requires hereditary financial support or cold hard reality. Price is not value. Skills and Knowledge are necessary, but not sufficient to make money. STEM (Science, Technology, Engineering and Mathematics) and Finance degrees focus on things you can count. You need to be able to count something to charge for it. You need supply barriers. You need a way to control demand. If a community keeps its spending low, then the entry ticket for that community remains low. You can choose a career that pays modestly, and focuses on value creation. The wealthier a community gets, the higher the entry ticket gets. Then, without hereditary support… you either need to go down the STEM/Finance route to make your self-made way… or the Eagles need to chip in. Not all good ideas are good business ideas. 

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