"There are no good investors, only investors with enough wealth"?

Poor people lack opportunities, connections, and know-hows normally.

Even if they are given the 3, would they be effective in using those for wealth building? That's the question imho.

Hence, its more important to learn what rich people are thinking about (especially those who went from rags to riches), learn their struggle, what are the pain points, how they overcome their own to get rich.

The lessons are more important than telling yourself (hey they got a lucky break), because opportunities are only given to people who are prepared to receive them. Not those ill-prepared people, as luck = opporunity + preparedness to receive them.

Similar question I asked bankers, insurance agents and some robos.

The person who needs to grow their wealth is not the one with $1mil, but the low SES moms and pops. Until recently, a lot of investments need min $10k to start and 3-5 years lock in period, which is hardly achieveable to the low income group. These days, one can start with min $100. or with some robos, no min and no lock in period.

Another thing which may do, is to provide a decent education to the next generation. granted the child may not be the next CEO or hedge fund manager, but with a decent education, he can move up the social ladder, and hopefully have some savings to invest.

A decent education also provides the person with independent thinking, so he will not fall prey to phone scams, trading courses salesmen and what not.

And before anyone says poor people are lazy, not productive enough, should go work two jobs, spend beyond their means blah blah blah, please first go live and work like them.​​​