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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396Comments
Feb 11, 2014 4:17AM
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Funny how we're always encouraged to be fiscally responsible, (and rightfully so) Yet we live under the rules and regulations of a government whom is the exact opposite! The ultimate "Do as I say, Not as I do."
Feb 11, 2014 12:19AM
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I decided in my early twenties there were two things in life I did not want.  I never wanted to be anyone's boss and I had no desire or intention of ever getting rich.  The cost of getting rich was just too high.  I just wanted a job with a reasonable income that would allow me to have a home and family and some leisure time.  Frankly, I think I am part of a large majority of people who, consciously or not, make the same decision.
Feb 11, 2014 9:21AM
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You can never get rich because the federal, states, and local governments combined take such a large portion of your hard earned money to give away to their deadbeat constituencies that it is impossible for you to save or invest any money for yourself.  What could you do with the additional 30% - 50% of your income that the government confiscates from you every year?
Feb 11, 2014 10:17AM
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I have five grandchildren, and have traveled most of the USA on a motorcycle when on vacation. I am the richest man in the world!!!  Do I have a lot of money? No! I have always lived within my means, and have enjoyed, and will continue to enjoy, my life for what it is, and where it is going.
Feb 10, 2014 11:31PM
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We are retired, on S.S. with two small pensions, and aren't rich, but we enjoy not working on the clock. You cannot plan for everything, so why worry.
Feb 11, 2014 1:12AM
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Hard to save and invest when you can't find a decent paying job and I'm sure you will really get rich by put your money in the bank at 0.nothing percent intrest! What a joke!
Feb 11, 2014 10:28AM
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Retire too early?  Some of us don't have any other options.  My office closed up and I couldn't find another job at my age.  I patronize establishments where I see some older people working.  I try to make money in other ways, but that's not working out.  Ever the optimist, I keep trying.
Feb 11, 2014 10:08AM
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With companies cutting jobs, and benefits, as well as pay, many are not even able to live paycheck to paycheck, and debt mounts.

The problem is not so much what the people do as it is what the companies they work for have quit doing. While they expect dedication and hard work on behalf of the employees they hold no responsibility towards those employees. In the past few years with record breaking profits, downsizing has never been higher. Pensions have been cut or taken away all together. 401K programs are changing where matching is not done until the end of the year, taking more out of the 401K so employees are not making the same as before. Premiums have gone up, while coverage such as glasses and dental have gone down. Raises do not match the cost of living.

The rich get richer. The priorities of the Boards and Executives are First themselves (Look at their raises); second investors, Third cost; Fourth customers; Fifth quality; Sixth safety; Seventh Employees. (In that order) they do not care about the long term economic effects that their actions have on the economy as they make more money and pay less or do lay-offs. The middle class cannot bolster the economy and buy products because they no longer have the same earning power as before and are becoming lower class... and the economy suffers.

How do you save when you can't make ends meet just buying the bare necessities?

Cat is one of the prime examples.

 

Feb 10, 2014 10:20PM
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Look at some of the comments on here.. Is anybody on here really "rich?" Or really "poor." The majority of us are probably somewhere in the middle, but we spend all our time attacking each other on nothing but party lines:

You can always hire half the poor to kill the other half...
Feb 11, 2014 12:18AM
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How true.  Simple examples that are to be kept in mind.

May be I could add a couple more:  choosing an inappropriate  spouse, trying to keep up with the joneses, and expensive vices...

Of course, not taking care of one's health has a great importance too.

Feb 10, 2014 9:42PM
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Those are some very simple things on the list...But I will bet that more than 70% of the people dont make any effort at all. You should never spend if it isnt planned and rational...and before you spend, you should save for that planned purchase. The biggest rule is to never spend as much or more than you make in take home pay....If you really want something, save for it....Always, every month, make sure that some of that months income goes into savings....It worked for me and I have seen so many who just let their money go without even thinking about it.
Feb 10, 2014 8:59PM
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Everyone who's responsible, barring a financial catastrophe, would have a better retirement if the government learned how to add and subtract, and adjusted the tax rates accordingly.  Too many people are on the receiving end of all that tax revenue.

Feb 11, 2014 6:07AM
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This article is assuming I want to be rich. I'm content with the money I have, which is enough to support myself and family in this time.

I'm not even "Christian", but here are some words to live by regardless of what you believe.

Matthew 6:24

“No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.


Proverbs 22:7

The rich rules over the poor, and the borrower is the slave of the lender.


Hebrews 13:5

Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.”


Ecclesiastes 5:10

He who loves money will not be satisfied with money, nor he who loves wealth with his income; this also is vanity.


Matthew 19:24

Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God.”


Proverbs 23:4-5
Do not toil to acquire wealth; be discerning enough to desist. When your eyes light on it, it is gone, for suddenly it sprouts wings, flying like an eagle toward heaven.


AND............It goes on, and on, in fact, it is one of the biggest themes in the bible.


How come I rarely see people when they quote the Bible mention these things? Have we truly fallen this far America? Look at ourselves. 


But look at how happy all these rich people are. All smiling. All healthy and fit.


All better and superior.


Man.
Feb 10, 2014 11:38PM
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What defines prosperity? Money? Maybe for some I guess. What defines RICH? That's in the eyes of the beholder I guess.  Money doesn't translate to rich for a LOT of people. Only the shallow. For some being RICH means, being admired for trust, loyalty, love that is oblivious to wealth, ingenuity, fortitude, someone that is smart enough to know the difference, etc, etc ,etc. Money & wealth mean ABSOLUTELY NOTHING w/o any of the above because you know what? No money & wealth will follow you when you leave this fukked up place we live on. We were born naked & w/o anything other than love & we will leave here with EXACTLY the same except the few things that matter mentioned above. Nothing more .... nothing less.
Feb 11, 2014 2:21PM
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Marrying the wrong woman will put you in the poor house  quicker than anything  on this list
Feb 11, 2014 1:06AM
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#1 reason you and I will never be rich: OBAMA

Feb 11, 2014 4:06AM
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I have worked as an RN for 33 years.  Have broken both my ankles in the last year and a half, and am having a heck of a time now finding a regular job.  Saving?  What a joke!  We do not have credit card debt, but the price of groceries keep climbing, and O'Bummer care cuts hours.  The problem is our government, but as had been said before, the rich keep getting richer, while the poor get left out of the race.  Our economy is disgusting, our dollar devalued, while Michelle goes on expensive vacays with her girlfriends. It's just sad that our Nation is coming to the same dilemma as Greece.   Sad.
Feb 11, 2014 10:10AM
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Reasons you'll never be rich???


Hell...I don't have enough money to be rich

Feb 11, 2014 12:35AM
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As long as the democrats are in charge, we'll never be rich, they will be taking our money allegedly giving it to the poor; but their system is, one for you, two for me; one for you three for me, and so on...  
Feb 11, 2014 11:29AM
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This is not a meritocracy and never has been, yet the myth continues to be perpetuated that you can be anything you want and that you can become wealthy if you try hard enough.  That is very, very rare but those cases are the ones we see.  The vast, vast majority of us stay at the same socio-economic level we were born into.  It is a whole lot easier to go lower than it is to rise above that level.  To say otherwise is simply just another way to blaming the poor for their own circumstances or the rich for theirs.  Making intelligent effort is great, but don't beat up on  yourself if it doesn't work.
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