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This work can be equally valuable to those who have been led astray by the conventional wisdom that has plagued mankind since the beginning of time. I encourage all to study the wisdom that Chase has incorporated here. We are in the process of achieving a level of financial independence and security that I never thought was possible. Your book will be one I use in my administration class for health care professionals and I will highly recommend it to my students as a helpful source as they deal with personal finance issues.

I sat down and read it through as soon as I got it.

Napoleon Hill – Think and Grow Rich - Chapter 15 | Genius

It is easy to understand and gives sound advice that even someone that is not into finance will find helpful. SlideShare Explore Search You. Submit Search. Successfully reported this slideshow. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads.

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5 ways to be financially successful as a physician

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Top Highest Paid Doctor Specialties - Why Are Only Some Physicians Wealthy?

Start on. Show related SlideShares at end. WordPress Shortcode. Published in: Education. Full Name Comment goes here. Are you sure you want to Yes No. Browse by Genre Available eBooks Show More. Be the first to like this. No Downloads. Any reasonable person including you is going to disagree with that. So is it easier for some than others? Of course. But whether you end your life in the same place you began is largely up to you, particularly if you were born in America and have a smartphone in your pocket. I did not state that choices have no impact or it is impossible to overcome circumstances. I even stated that I know people who have done such so. If it is all up to choices then why do some people make the choices that allow them to succeed and others do not? Do they want to be poor? Are they genetically bad apples? There are some people like that but in my experience that is the minority of the poor. I think programs like you describe to inform are great. I would argue the best solution to poverty is empowering people to be successful obviously easier said than done.

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My opinion is that capitalism has done more to reduce poverty than anything else in the history of mankind. However, we still have room to go. Sometimes people need some help just to get the breathing room to attend a class or start a business. We are probably not as far apart as our posts would suggest. Maybe it is all semantics. You might say it is not as easy for some people to escape poverty and I would say it is a herculean task for some people. Without doubt both play a role. People who overcome great odds make good stories that are shared.

People who attempt to entrepreneur their ways out of poverty and fail are less apt to be discussed. Back to the central thrust of this blog, though, the decisions we make play a major role in where we end up. As such, it is very difficult for medical professionals to empathize with and see finances from the perspective of someone born in the lower middle class or in poverty.

The majority of Americans do not have bachelors degrees or a robust professional social network that someone born into wealth may take advantage of. But I would love for you to come spend a day working with patients at community health centers, particularly children born into these terrible family situations, and tell them that their future success is simply a choice. There is a fantastic podcast series from revisionist history on this topic.

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I agree that for many people, wealth is not a choice. But what about people who are already doctors? Do not simply gloss over things such as race, SES, health and gender, because these things possibly influence the likelihood you have to be rich more than other things. Simply look at the loan burden of Black versus White recent medical graduates. Or other stats. Nepotism, family wealth, race, etc, all play more, or at the least, an equal part in being rich as the choices you make.

Absolutely agree. I thank WCI for all of the wonderful work over the years but this article is definitely not what I would have expected. Among those that have had made it to medical school there is a choice to be rich or not so rich… among large portions of the population there is a dream that seems to recede with each passing year since the 80s. My Uber driver tonight in D.

Maybe it is easier to be upwardly mobile in Ghana than it is in the US, but he seems to be doing just fine in both countries. But I prefer to believe that barring some exceptionally bad circumstances, people can do what they put their minds to. You know I work in an ED, right?

Or do you think it is impossible for someone born in poverty to rise out of that condition? I realize this is written with the high income professional in mind, but I worry this type of analysis is fraught with confirmation bias. You have to be lucky to be born into a stable family. Is it necessary? You have to be lucky to be born in the USA or to a wealthy family in a foreign country. You have to be lucky to have a household that values education.

You have to be lucky to not have major illnesses or cancers that can kill you prematurely. You have to be lucky to get the right school system that teaches well. Lucky to learn test taking skills. Lucky to have the free time to study. Lucky to be taught the right habits like delayed gratification. And finally- you do need some luck in medical school to not have any medical issues like depression, or underlying conditions that inhibit your ability to succeed.

Personal responsibility is needed much more than luck to succeed.

Think and Grow Rich - Chapter 15 Lyrics

When the vast majority of medical students come from parents with a college degree let alone a graduate degree or medical degree that seems to indicate a strong predictor for success. If it was primarily ones desire to succeed and work hard and since medicine is one of the most meritocratic fields why isnt the admissions rate so in favor of certain groups?

Surely youre not suggesting that all low income students are simply too stupid to succeed. That is exactly my point. People need to take personal responsibility for their own actions. If hard work was the primary cause of ones ability to get into medical school it seems reasonable to assume a diversity of income backgrounds and dgerees from their families. Instead its very homogenous w the majority w college degrees and a substantial number with advanced degrees. One can argue that a strain of hard work runs in these families and that hardwork is taught by these succesful families but that implies that non college educated workers are not hardworking.

Thats hard to believe. If it were so then the hard working blue collar family should have just as fair a shot at sending their kids to med school. That doesnt happen at the same frequency. Ergo-where you come from is a big deal. Wait-are you saying instead of being taught by example, by life experience, by exposure to family behavior people are born with it? Luck and fate do not determine the vast majority of outcomes related to success in life. To say so is to deny your own personal responsibility.