Jim is a good friend of mine. He is a baby boomer and he is a money manager. He manages rich people's money and helps them become even richer. From what he tells me, though, there are more wealthy families in the United States that have inherited their fortunes than those that have created fortunes from scratch. He would know -- in order to become one of his clients you have to have a net value of at least $1 million. It's a rather odd thing to consider the bulk of the money making its ways through the market is so-called "old" money.

Being poor myself, I have no dog in the fight when it comes to money managing and money making. Sure, I'd like some, but I respect the pro-activity of those that get up and get some. But, it is worth taking into consideration: if it's old money that drives the market, where does the average working Joe fit into the picture? What about the middle class? When does the middle class get to ante up to the investment table? During the 1990s we saw more day traders buying and selling for the short term, which left a great deal of debt in its wake.

Does someone have to be rich in the first place to become richer? What does it take to cross the financial trenches and break into upper percentiles? Knowing that the financially fortunate rarely emerge from a vacuum is essential, especially when we bring the mighty corporations into the picture. All successful corporations, as reviled as they are, were started by venture capitalists taking that proverbial chance. This means that most corporations were started in an effort to create new goods and services resulting from the investments of middle to upper class businessmen and investors.

Your average Rockefeller doesn't just sprout from the ground. Bill Gates didn't just open a window and let money fly in. To be sure, it does takes some money to make money. But this does not mean that this money must be "old" money. Indeed, even if it is "old" it can still be used by emerging companies and corporations to generate "new" money for more people than those who invested. The key is how the investment compounds and who enjoys the dividends.

The rich become richer during economic downturns and depressions. How is this? Recessions and depressions have a tendency to destroy competition, therefore consolidating the wealth-base of the super rich. Competition is not in the best interests of the super-rich. Consequently, it is the corporate structure -- justifiably attacked for its lack of transparency -- that allows new wealth to be created and more people to participate in that wealth. Most corporations are started by entrepreneurs -- and that entrepreneurial spirit is what has made the middle class and the nouveau riche possible.

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