Is Luck something you find or do you make it?

[Glen48]

Are some people more luckier than others and if so does luck play a big part in your life and future.
I read about self made millionaire who only got $1 M for their 21st from their parents and way they went.
Seems to me most who have made the big time have had support from their parents or their parents put up assets as security.

I my case I was married for 20yr and just build a dream home on the beach after living in a dump, the ex meet a man who was every thing she despised and left. We had to sell the house for just under what it was worth 5 yrs later it had appreciated 200% thanks to the credit bubble, had she stayed for about another 4 yrs we could have walked away with $1 M. each.
Branson started selling newspapers at school and got into the music business and he had the rights to Tubular Bells which cash him up.
I don't think too many start with a genuine nothing and reach nirvana.
Even getting married is luck, the answer is to marry and stay married or single all your life.
And for some being lucky is a curse like lotto winners who end up bankrupt in no time or have some sort of disaster like kidnapping for ransom.
Do we all have a certain amount of luck like a luck bank or not.

A friend open the car door just as a $20 note floated passed another put $100 on the Balck because he has a Black girlfriend and doubled his money.

Another plays around yet his wife stays with him and would never leave.
Do some have a bigger version of luck or bigger risk takers.

Do you feel lucky punk .. well do you??? did I fire 5 or 6 ??

I gotsta know?

 

[burglar]

I gotsta know?

I walk with a friend, we both look at the ground. Yet he has found 2x $20 and a $5 whilst i found none!

 

[tech/a]

Luck plays a vital part in all our futures.
For luck to "Happen" we need to place ourselves in front of it and with any "luck" it will hit us.
This is where persistence comes in.
You just have to keep finding opportunity and have a go.

 

[boofhead]

On average people with more luck seem to be more alert to opportunities.

Someone released a study on luck in the last few years. I can't remember the link to it though. You may have some luck searching for it. I think Catalyst on ABC also had a story on it.

 

[jbocker]

When it comes to luck, i usually equate it to this old saying...

Opportunity often comes by accident,
preparedness rarely does.

 

[nioka]

I walk with a friend, we both look at the ground. Yet he has found 2x $20 and a $5 whilst i found none!

He is looking further ahead than you are. He searches more than you. So look further ahead and keep up the search. the law of averages is now on your side.

 

[moXJO]

Luck plays a vital part in all our futures.
For luck to "Happen" we need to place ourselves in front of it and with any "luck" it will hit us.
This is where persistence comes in.
You just have to keep finding opportunity and have a go.

I have a friend who does this He is dumb as a doorknob, knows nothing about the economy but puts himself in front of as many opportunities as he can. He has also been married 3 times and is going for number 4 (each wife took a house off him). He worked a very modest job but still ended up doing very well. He told me his parents never took any risks on investments and ended up working hard all their life and ended up with very little. He didn't want to follow that same path.

 

[Sdajii]

It's funny how some people are considered lucky and others are not. It's obvious that some people are good at finding/exploiting opportunities while others are not, and it's funny that we label it 'luck', with an implication that what happens is passive. I don't think anyone is intrinsically lucky or unlucky. It's funny to see so many unsuccessful people blaming bad luck for their situations. Many clearly do actually believe that they are cursed with bad luck, and that is the reason for their place in life. These people invariably credit successful people with being blessed with good luck.

It's really quite absurd. True cases of good or bad luck dominating people's lives are rare. Getting framed for something and going to jail, or being killed in a freak accident would be genuine cases of bad luck screwing your life up. People with 'unlucky' mindsets will usually manage to screw themselves up even if they do get genuine cases of good luck giving them the opportunity to easily have a comfortable life (say, winning a few million in the lottery). That's what being an 'unlucky' person is; managing to miss good opportunities or turn them against you.

 

[Gringotts Bank]

Randomly select 1 million people off the street, of equal intelligence and experience. Give them $100,000 each, teach them some strict rules of trading and demand that they stick to the rules or they lose everything (to ensure compliance). The only variable is that they can time their own entries during the day.

After a set period, some will be well ahead of others. The winners will have certain beliefs about money and these can be identified before the game starts. A belief is a story that you once heard, and you decided to agree with it. It takes massive courage to change a story that has been with you for years, which is why you don't hear of people suddenly changing from loser to winner very often.

 

[Whiskers]

Luck plays a vital part in all our futures.
For luck to "Happen" we need to place ourselves in front of it and with any "luck" it will hit us.
This is where persistence comes in.
You just have to keep finding opportunity and have a go.

Yes, persistance is a big part of so called 'luck'.

It's funny how some people are considered lucky and others are not. It's obvious that some people are good at finding/exploiting opportunities while others are not, and it's funny that we label it 'luck', with an implication that what happens is passive. I don't think anyone is intrinsically lucky or unlucky.

Indeed!

Don't use the term or think in terms of 'luck'. Think in terms of intuition and recognition of opportunities that present to you... as distinct from impulse, too much 'persistance' chasing something that is not right for you just yet, or at all.

Study the difference between impulse and intuition to get the right focus for 'persistance'.

You definitely make your own destiny... it's not luck.

 

[medicowallet]

If it happens to other people it is luck

If it happens to me it is skill and hard work...


That is what most people think, I wonder why.

 

[nomore4s]

Why can't it be both?

 

[wayneL]

Luck plays a vital part in all our futures.
For luck to "Happen" we need to place ourselves in front of it and with any "luck" it will hit us.
This is where persistence comes in.
You just have to keep finding opportunity and have a go.

Yep this is my view.

Lotto winners are lucky, but they did go out an buy a ticket. Those who never buy a ticket never win.

Likewise in life, you buy a lotto ticket every time you have a go.

 

[skc]

The answer to the question lies in your definition of luck. Define it the 'right' way and you have the answer you seek.

Here's one example:

Luck = A positive outcome that does not depend on the deliberate action of a person.

Yep this is my view.

Lotto winners are lucky, but they did go out an buy a ticket. Those who never buy a ticket never win.

That is untrue. I never bought a ticket but I've won the Euro $124m lottery. Now I only need to respond to this email from that friendly chap in Nigeria...

 

[Whiskers]

Why can't it be both?

I think it is both. Firstly you have to find or notice the opportunity (intuition), but then you have to act, ie do something to make it happen.

Even if you were walking down the street and noticed $20 on the pavement, firstly consider why you were walking there (find) and why you were looking down at the pavement (make it happen) as opposed to looking up or sideways at the time.

PS: In using the word intuition, what is important is the suttle difference from impulse.

 

[nioka]

Why is luck connected to money. Could it not be lucky to be healthy or lucky to meet the right people or again lucky to be a citizen of the lucky country. Maybe it is unlucky to be continually focussing on money.

 

[prawn_86]

Why is luck connected to money. Could it not be lucky to be healthy or lucky to meet the right people or again lucky to be a citizen of the lucky country. Maybe it is unlucky to be continually focussing on money.

Very good post.I would count it as luck to have met my partner how i did.

The most luck I have had however was being born into an upper-middle class family in Australia

 

[Glen48]

An Indian mans father had a scrap steel business the 70's and sent his wayward son to run it he made money as recycling was becoming more popular he then managed to buy Russian steel mills at 1`/5 the Price when the economy tanked this gave him the cash to keep expanding he is now about the 2 or 3 rich's man in the World.
But if he had of started say 15- 20 yrs earlier he would not have achieve this.

He was in the right place at the right time agreed he was in the steel business and could see the direction and knew steel.

This is in my opinion luck.

What about places like China et al were a few bucks in the right hand's given to the right people gets you rich and the ones who try to do it honestly miss out.

Or people trying to compete against overseas companies without a Carbon tax can that be considered lucky for some.
Our parents who paid for a house and it grew due to inflation not a credit bubble and they ended up with a secure asset.

 

[wayneL]

Why is luck connected to money. Could it not be lucky to be healthy or lucky to meet the right people or again lucky to be a citizen of the lucky country. Maybe it is unlucky to be continually focussing on money.

My God! I agree with you for once.

About 30 years ago I pulled the short straw to go an say hello to a group of ladies, the one that said hello back is still with me 30 years later.

That was very lucky.

 

[Gringotts Bank]

Is everyone up for a little fun?

Who is the luckiest person at this moment in time (given that it can fluctuate to some degree)?

Pick your stock at close today. Your entry price is the closing price. Tomorrow's open price determines the winner. In other words, the biggest overnight gap wins.

The winner then nominates a stock for all participants to buy for the day, after open.

The premise, which will be proven or disproven tomorrow, is that winning form is good form. I predict the winner will be able to find a good performing stock tomorrow after open. Make sense?

Entries must be in before 4.30pm today.