Carol Roth

The elite’s war on wealth

Wealth comes from ownership. Being involved in the financial industry for nearly thirty years, and spending the past dozen-plus years in the media helping people create economic freedom and wealth for themselves and their families, I know that wealth being derived from ownership is an indisputable truth. More concretely, wealth comes from the ownership of assets that increase in value over time. Ownership is a subject people tend to greatly misunderstand. We misconstrue where wealth comes from, and we misinterpret the benefits of hard work and taking risks. You can meet a poor construction worker putting in eighty hours a week for someone else. You can find professional athletes declaring bankruptcy as soon as their multimillion-dollar contracts end.

So, you wanted to be famous?

For decades, people worldwide have dreamed about being famous. What would it be like to live like a celebrity? To have even a glimpse of celebrity life? Well, as technology has been democratized, so has fame and the many trappings that come with it. People flock to Twitter, Facebook, Instagram, TikTok, Twitch, and YouTube to share their random thoughts, uninformed opinions, dance moves, animal photos, children’s names, and much more. The masses want to feel special. They want to be celebrated. They seek out an R.O.E. — return on ego — which comes with digital likes, comments and a hit of dopamine, instead of an R.O.I. —  return on investment — which allows you to pay your mortgage.

famous