VIDEO ON MSN MONEY
Some of these comments deriding "the rich" just kill me. The rich aren't just the CEOs who outsourced your job to India, have maids, and supposedly spend their days dreaming of ways to screw the working class.
The rich include the guy who started as a plumber's assistant, worked his way up, took some risks, and now owns his own firm.
The rich include the woman who sacrificed her 20s, got up early and went to bed late to go through med school, residency, and internship to start making a buck well into her 30s, just to have everyone else gripe she makes too much doing bypass surgery to correct the results of crummy lifestyle choices.
The rich include the 50 year old who sweated in the mail room, took night courses, read accounting books whenever he could, ate ramen noodles for a year to pay for school, and worked his way up to an executive position. That person didn't insist on the latest I Phone, xbox, flashy house, etc. He sacrificed, avoided immediate gratification, and denied himself material pleasures in pursuit of his goal.
These people made choices to sacrifice short term gains in pursuit of long term goals and people here want to begrudge those individuals for having money and finer things-rewards for their sacrifices? Rather than learning from the success of others, it would seem some prefer to maintain a sense of entitlement and belief that those who have more must have secured it at the expense of others and not through any measure of personal sacrifice and effort.
......they're good examples to follow..................
Several guys at work complain they don't have the money for fresh foods and are "forced" to eat McDonalds - but then they spend $80 a month on a Smart phone, $65 on cable TV and $270 per month of cigarettes-and consider these must-haves.
Everyone can and should make their own decisions.....just don't complain about the results of your decisions.
We started our married life with a negative net worth. We both had steady, if low-paying, jobs. We scraped together enough money for a down payment on a rundown house that had a rental upstairs. It made it affordable, especially since interest rates were 17-18% in the early 80s.
We discovered that we liked being landlords, so we saved our money and bought a 4-plex. Eventually, we bought a single family home. Today, we have 30 rental units and we no longer have to worry about money. We spent nights and weekends fixing up dumpy apartments. Our babies slept on blankets in the corner if we had to work late in the evening or through nap time on the weekends. Later on they helped to paint, clean and do repairs.
Money was extremely tight at the beginning. We had very little savings and lots of expenses, especially when the kids came along. We almost never ate out, I worked full time, cooked from scratch and sewed for the kids. My husband took all the overtime he could get and we saved it to buy that second property. Fast food was a ridiculous expense when cooking from scratch was so much cheaper and healthier. Even today, I can take 20.00 and put together a week of suppers for the two of us. I prefer to spend more, and now I can, but we would eat decent, healthy food.
So many classes have been dropped from schools. I had to take home ec. I learned to sew and I improved my cooking skills. DH had to take shop classes where he learned carpentry and mechanical skills. Thanks to budget cuts and standardized testing, no school district wants to spend money on classes that might not raise their test scores. I think that's a shame. I also think it's short-sighted.
We're not rich by IRS standards. Our AGI is too low for that. However, we don't have to worry about money or retirement and that is all we need to feel rich. We pay a crapload of taxes each year, but I'm okay with what we pay. I believe that there's waste, and I don't approve of everything my tax dollars support, but I don't know anyone, of any political persuation, that agrees with everything our tax dollars support. I am sick and tired of hearing people gripe about piddly crap like "Obamaphones" when the phone program has been around for more years than I can remember. I'm tired of hearing that schools have too much money when too many people expect schools to do everything for their kids. I'm tired of food stamps paying for junk food but not for toilet paper.
Eat less junk food - saves money.
Exercise - is free.
Don't procrastinate - is free.
Keep learning - is free.
Nuture relationships - is free.
If you're not doing these as a regular part of your lifestyle, what's your lame excuse? You don't have to wait to be rich to do any of the items listed above. If a person is too lazy-n-unmotivated to do even those very simple things listed above, they shouldn't be surprised they're unsuccessful in other areas of their life, including finances.
Some consider me rich and while luck has played a part it was more hard work and persistence.
You have to be the change you want to see....
The harder you work, the luckier you get...
Cliches? Yes. Better than whiny azz' excuses though!
It's not just the poor who fail to have these habits. Most of our friends will never be free of money worries. They live for today. They make decent incomes, some in the six figures, but there's always something on which to spend their money. A lot of these people have more education than I, but the have no common sense.
If you want to have the vacation place, spend like crazy on the kids, drive new cars and live in a fancier house, that's your choice. Just don't whine about how you won't be able to retire.
i'm doing ok, coming from a low middle class household. but i paid for college working in kitchens, and understand the value of the dollar enough to NOT spend it on just anything.
there's luck, but i tend to call it "planned happenstance". i stumbled onto things and situations because i did things that GOT me into decent situations. either that or i saw opportunities, grew some balls, and took them.
You might as well try to sell me a bridge to Manhattan as to tell me that all rich people are just basking in health and intelligence. These are healthy lifestyle recommendations for anyone sure but to say that healthy and intelligent is the difference between rich and poor is a really stupid thing to say.
Its much easier to sit on the couch and wait for the crumbs from the govt to arrive in the mail.
SNAP for food
ObamaCare free healthcare
Free public schools
Free bus passes
Free abortions when you decide 12 is enough
May not be rich but you didn't have to put out any effort.
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You can give your car the care it needs without draining your bank account if you follow this advice.