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Doesn't every kid grow up thinking they have a reasonable shot at being the next superstar or making a decent living in professional basketball.
And I like that, every kid should dream of it or shoot for it....but what are the odds.......?
I ran across a little bit of statistics on the likelihood of becoming a millionaire through various endeavors............
Here are some thoughts...........
-THERE ARE ROUGHLY 6 billion people in the world.
-there are roughly 2.9 million millionaires in North America, 2.8 million millionaires in Europe, and 2.4 million millionaires in Asia.
-there are roughly 9-10 million millionaires in the world.
--thus the odds of a person becoming a millionaire through any endeavor are 10 million in 6 billion, or roughly 1 in 600, 0.16%.
--the odds of a person becoming a millionaire through gaining an education and working hard is roughtly half of that (the other half of the millionaires inherited or received their money through other means)...1 in 1200, or 0.08%
--the number of people who are believed to be milionaires via playing professional basketball is not too hard to calculate roughly, as it cetrainly is less than 10,000 people worldwide but perhaps no more than 2-3000 and maybe fewer.
Thus the likelihood is less than 10000 in 6 billion, or 1 in 600,000, or less than0.00016%.
so it looks like even if you have the basketball skills, it would serve college kids well to keep up their acadcemics!!
And I like that, every kid should dream of it or shoot for it....but what are the odds.......?
I ran across a little bit of statistics on the likelihood of becoming a millionaire through various endeavors............
Here are some thoughts...........
-THERE ARE ROUGHLY 6 billion people in the world.
-there are roughly 2.9 million millionaires in North America, 2.8 million millionaires in Europe, and 2.4 million millionaires in Asia.
-there are roughly 9-10 million millionaires in the world.
--thus the odds of a person becoming a millionaire through any endeavor are 10 million in 6 billion, or roughly 1 in 600, 0.16%.
--the odds of a person becoming a millionaire through gaining an education and working hard is roughtly half of that (the other half of the millionaires inherited or received their money through other means)...1 in 1200, or 0.08%
--the number of people who are believed to be milionaires via playing professional basketball is not too hard to calculate roughly, as it cetrainly is less than 10,000 people worldwide but perhaps no more than 2-3000 and maybe fewer.
Thus the likelihood is less than 10000 in 6 billion, or 1 in 600,000, or less than0.00016%.
so it looks like even if you have the basketball skills, it would serve college kids well to keep up their acadcemics!!
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