Thursday, August 5, 2010
THURSDAY THOUGHT: ON 'DESERTED ISLANDS'
On 'Deserted Islands': Recently I broke bread with a very wealthy car-dealership owner with some very pointed views about the 'haves' and the 'have-nots'. He himself was a self-made millionaire. He said, " You will always have rich and poor. Give five rich people and five poor people a million dollars, and leave them on a deserted island. Within a year, the poor people will have given all their money to the rich." That stuck with me. Most of us spend our lives working to build wealth for a group of shareholders, our own worth determined by some arbitrary person. And then, we spend our money, once again, creating wealth for others. How many of us create wealth for ourselves? By saving, investing, or even becoming entrepreneurs? Perhaps if we all focused on ways we do that, we'd lead richer lives, both figuratively and literally.