How to Make it Into the Top One Percent by Ben Stein

Ben Stein
Ben Stein

How to Make it Into the Top One Percent by Ben Stein

1. You do not get to it by studying African feminism in the 19th century...

2. You do not get to it by being a civil servant unless at the cabinet level or as a Senator who can use his or her connections to lobby....

3. You do get to it by working in fields in which you can fix your wages, preferably with the government's help. These include law, where you need a license to practice , and can thereby can lift yourself out of working for free market wages, medicine where desperate patients will pay you almost anything. They also include accounting at the C.P.A. level.

4. You are always better off working in a field where torrents of money are sloshing through and you can grab a handful as it goes by. That means Wall Street...

5. You make money by making money for people who already have money. One good day's work for a man who has a $100 million account you are trading is worth far more than a lifetime at a WalMart checkout counter....

6. You make money by learning skills that lead to any of these: making people feel and look better, learning how to draw their wills, learning how to manage their money, learning how to make complex things like computer parts that lead your employer to reward you with stock options. You also make it by manufacturing cardboard boxes, and selling scrap metals. But usually education in finance, medicine, law, accounting, electrical engineering--something in which you learn to add value instead of having fun in school--is the key.

[NY Times 10-15-06 article by Ben Stein linked below.]

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3 comments

ellne 9 years ago

1lgn1


cpa profile image

cpa 9 years ago from Brooklyn, NY

Note: Alos if you have your own business then it is important to monitor it by producing financial statements. For free software to do that check out:

http://www.cpabookkeepers.com/accounting-freeware....

This software is supported by a real CPA who helps with setup.


philabustah profile image

philabustah 4 years ago from Boston, MA.

What happens when we all make it the one percent? Will you take out my trash for me?

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