10 reasons you'll never be rich

Eliminate these bad habits and you'll be on the road to financial prosperity.

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258Comments
Feb 25, 2014 8:47PM
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Define "rich".  I don't have a lot of "money", but I have a wealth of family, friends, and resources that money can't buy!  And, I am happy and satisfied with my lifestyle.  What more could I want?
Feb 25, 2014 8:41PM
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And the number one reason is the that I have to pay for others that are not paying for the services that the country provides them.

 

However, we are getting closer to the utopia many dream about where each person is provided for according to their needs and each person gives according to their ability.  The problem now is that there is a growing number of people that have no ability and have lots of needs and for those we have government provided food, shelter, medical care, retirement planning, education, and cell phones just to name a few.

 

It actually should be that every US citizen provides equally for the services that the country provides and can participate in those services equally as well.

Feb 25, 2014 8:56PM
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So to summarize, you spend too much and don't save enough.

whothe****wouldhavethoughtofthat?
Feb 25, 2014 9:18PM
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America has a spending addiction. People buy more than they need, or buy higher priced goods than what they need. If people realized the power of compound interest, they would start saving sooner and spend less. That $1,000.00 item on your credit card at high rates not only costs you $3,000.00 when finally paid off, it lost $3,000.00 in long term gain... a total of a $6,000 swing over a lifetime. It's sad, but the failures are not in the people. It is in the education system that neglects teaching our youth about business, saving, investment and the value of running a healthy financial life. Why is this way? Who knows. Those who figure it out, they become "wealthy" and are the ones who society relies upon to fund the budgets of our bloated governments.
Feb 26, 2014 12:28AM
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I said it before and I'll say it again:  I never wanted to get rich.  The cost was too high.  I wanted a home and a family and I was not willing to give up those things just to acquire money.
Feb 25, 2014 9:26PM
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#1 reason...because I don't earn enough with my current income to expense ratio to be considered "rich"?  That being said, I may not be rich by US standards but I make enough to cover all of my needs & most of my wants while at the same time funding my 401K, IRA & money market savings accounts.  I don't count myself as wealthy but I'm doing better than a whole lot of people in the world.  I'm content with that & don't consider the pursuit of wealth as the main focus in my life.  There are many other things around to focus on.
Feb 25, 2014 8:46PM
Feb 25, 2014 10:47PM
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As long as we have a communist administration like the current one, we will eventually all end up poor. The sad part is that some are stupid enough to fall for the propaganda being spread by the media in this country defending Obama.

Feb 26, 2014 8:38AM
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Vary hard to get ahead finacially when the government steals it as fast as you can earn it, then they print more paper money to make what they let you keep worth less.
Feb 25, 2014 9:11PM
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What ever your income is, It's not how much you save, it's how much you spend.
Feb 25, 2014 8:39PM
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Democrats are just going to tax to death if you become rich, 
it's unfair for someone to have more more than me, said very liberal ever
Feb 26, 2014 12:39AM
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....obama and his liberals are the REAL problem...........


They encourage their social parasites constituents to vote for them and in return they give them endless handouts - ie: welfare, food stamps, SNAP, WIC, subsidized housing, free cellphones, etc. The vast majority of these bottom dwellers could work - but they make more money sitting at home than working!! And Obama does not pay for their handouts.....WE the working class pay!!


It's grossly unfair.


But this November, the nonsense may change if we all vote in a GOP Senate majority - that would end the obama regime!! Who's in?? 

Feb 25, 2014 9:05PM
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The problem with saving is that you actually have to have extra money to be able to save. If, at the end of the month, after buying food, paying bills and taking care of expenses you only have $150 bucks left over......its really hard to convince anyone to just save that money. Because that $150 will often represent the only "fun" or "enjoyable" thing they'll get to do that month or in the coming months; be it go to the movies, buy a new video game, go out to dinner, play some golf or things along those lines.

Believe it or not, doing those things is actually just as important to someone's mental health and overall well-being as savings; if you can't look forward to doing or getting something enjoyable on a regular basis it slowly becomes harder and harder to get along and on with daily business.

That, and being able to save so little per month makes saving seem futile since it would take months or years to save up enough to even last a few months if something went wrong. Or it would take so long to save up to anything that by the time you saved up enough either the thing you were saving up for would be incredibly outdated (or too expensive due to inflation) or you'd be too old to enjoy it.
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Riches are in the heart, soul, and mind of all who seek them.
Feb 26, 2014 1:37AM
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I'm rich, just not financially.  I'm happy, self supporting, have what I need, great health, and a awesome family.   Main thing is that I do not owe anyone a dime and respect others.   Stopped worrying about the government decades ago.
Feb 25, 2014 9:17PM
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THe poor have to work so hard to make a living,they don't have time to get rich.  Good days
Feb 26, 2014 7:21AM
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This aritcle is way wrong about used car prices. It says that a car costs 44% less after 5 years. I looked up a Ford Focus SE new (same make and model and trim) and the 5 year old car (2009), with 53,000 miles on it, was only 25% cheaper than the brand new one on the dealer down the street from me. Mayby when YOU sell it you will only get 44% of the retail price, but that's not what you will buy it for from a used car dealer.
Feb 25, 2014 11:15PM
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1. O

2, B

3. A

4. M

5. A

6. -

7. C

8. A

9. R

10. E


Feb 25, 2014 10:14PM
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#11 -  The Libs and Dems - aka, Oblamer - will find a way to take it from you.
Feb 26, 2014 12:21AM
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Reason number 11-
The socialist/marxist regime that is in power in this country. 
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