A Financier To The Ultra-Wealthy Asked Self-Made Millionaires Under 35 One Question: What Did You Do Differently Growing Up Poor?

Core Insights - The article discusses the journey of individuals who grew up in poverty and achieved wealth through unconventional means, emphasizing the importance of leverage over traditional employment strategies [2][5]. Group 1: Wealth Creation Strategies - Many self-made millionaires highlighted the concept of leverage, focusing on systems and ownership rather than just salary [2]. - Early investments in cryptocurrencies, particularly Bitcoin, were frequently mentioned as pivotal in their wealth accumulation [3][5]. - Some individuals built successful businesses, with one example being a small Etsy shop that grew into a $5.5 million-a-year company [4]. Group 2: Work Ethic and Preparation - Hard work and relentless preparation were underscored as critical factors, with one individual achieving a high income through extensive study and interview preparation [6]. - The narrative suggests that early wealth often stemmed from ownership rather than wages, indicating a shift in mindset towards entrepreneurial ventures [5]. Group 3: Personal Experiences and Mindset - Personal stories reveal that timing and luck played significant roles in wealth accumulation, alongside hard work and unique personal attributes [3][5]. - A common theme emerged that to achieve extraordinary success, individuals must be willing to take risks and pursue paths that others may avoid [7].