Do you think like an average person or a rich person?

[Vedubin01]

.. inherited her fortune and has no authority on how people should earn their money.

actually she made most of her money 14 years after her dad died during the Australian mining boom. Then branched out into the media industry furthering her wealth.

But if you read the article, it was not based solely on her life or her quotes.

[e30e]

actually she made most of her money 14 years after her dad died during the Australian mining boom. Then branched out into the media industry furthering her wealth.

But if you read the article, it was not based solely on her life or her quotes.

So she had start up income to fall back on when using society's money didn't pan out?

Most wealth accumulated is through death and breeding, same as poverty. Its expensive to be poor and cheap to be to rich, its just exploitation of systems and how people view the other as one being ok and one being frowned upon.

[joshh]

I think he has some good points and some ridiculous points. Rich people think selfishness is a virtue....come on....that's pretty damn broad stroking.

[Vedubin01]

as I agree with you to a point, the hardest thing about being rich is staying rich.

[Massimo]

7. Average people earn money doing things they don't love. Rich people follow their passion.

Def. don't agree with this one. I love cars and would love to be a racecar driver but I doubt that will make me rich (it would probably make me poor).

I don't love taxes, but being a CPA would make me wealthy, and let me use that money to do what I love (race cars)

BTW, I'm not a CPA yet, but on that path.

It didn't say that becuase you want to be a racecar driver you will become rich and successful. It says to follow your passion, and FIND A WAY TO GET PAID FOR IT!

[Dozyproductions]

It cant be all R vs D, and there is some good points in this article. There is a big difference on how the two think when going though life though.

I totally know where you're coming and my response could a been a bit too much but this is just another vs. commentary. The more there is of this kind of mentality then the more it will divide society. I hate to sound like the guy who just took some sociology class (because I haven't) but the human race can do so much better and good and this kind of article, on a more heavily traveled site, just messes with the whole zen thing man(just to plug tron here)... no matter how minuscule. As the saying goes right?, you reap what you sow.

Just already look at this thread... or any of this forum's threads.

[rwh11385]

I'd hate to generalize, but generalizations are typically pretty simplistic and inaccurate...

I totally know where you're coming and my response could a been a bit too much but this is just another vs. commentary. The more there is of this kind of mentality then the more it will divide society. I hate to sound like the guy who just took some sociology class (because I haven't) but the human race can do so much better and good and this kind of article, on a more heavily traveled site, just messes with the whole zen thing man(just to plug tron here)... no matter how minuscule. As the saying goes right?, you reap what you sow.

Just already look at this thread... or any of this forum's threads.

Yes, this article is trash. All rich people (or wealthy people) don't act or think the same way, some are greedy assholes and others are very philanthropic. Not all "average" people think the same either - some feed off the system and others as much as possible, and others love independence - even if they might not have as much as others.

Class warfare talk and shit is completely worthless in society and really ridiculous. Anyone can work hard and make something of themselves, but that will never happen if we always focus on bringing people down to the average (like in our school systems - teaching to the least common denominator). And just people someone is successful (or wealthy) doesn't mean that they will always be or won't lose it all (how many broke former stars are there?). The 1% isn't constant and people come and go, just as people shift between classes. The bottom quintile's stats might not fluctuate much, but it does not mean the people in it are constants. Some are, of course, but that doesn't mean they couldn't improve themselves if they tried hard to do so and stopped chasing material possessions to mirror more successful people instead of focusing on rising in financial security and independence (even if that is less apparent to others).

It is incredibly cheaper to use capital and money to your advantage, rather than have it cost you because you are bad at it. But it depends greatly on people's level of consumption and desired material possessions on how strained they make themselves. Someone making $50K in a household with a small house with low payments, two cars paid off, and healthy living can be better off than someone making the same and living with a huge house they can't afford and new BMWs with private school loan debt. But that's still not as shaky as being low-income and suffering from 21% APR on payday loans and buy-here/pay-here car. (Not that they couldn't cancel cable/smart phone plans/buy cheaper clothes and get out of that grind...)


I personally think poor logic is the root of all evil along with misinformation.
Selfishness is bad. Wanting to succeed in business to be able to give more to charity works the same as greed to want to make more for yourself.
Following your passion is crucial for success, anything else is surviving instead of thriving.
Challenging yourself is important. Being complacent doesn't improve yourself.
#12: Not even close to reality - plenty of rich people live above their means.
#13: Plenty of rich parents I know push their kids to be happy and do what they want, and majority of them seem to be doing service work instead of striving for profits, or creative work. They have the comfort of not having to worry about money so they do what they want instead of have to do.

[e30e]

http://www.bbc.co.uk/news/business-19487985

This woman sounds like a bitch.

[herbivor]

I'd say to be truly rich one needs to be bringing in an income in the higher six figures range or have 7 figures of equity.

I say to be truly rich, you are happy with what you have and do not desire more. Numerically that can be a very low amount of money for some, and never attainable by others. I'm almost rich.;)

[Massimo]

http://www.bbc.co.uk/news/business-19487985

This woman sounds like a bitch.

She is, but she looks at things purely from a buissness point of view, and while what she says sounds harsh it is ture and I wish some people would actaully listen.

I recent statement of hers was to paid low income workers less and reduce there tax. This makes complete sense. Basically if you reduce their tax and also their wage they still make the same amount of money in their hand, but this reduces manufactoring cost which for Australia is very very important at the moment.

[Rsully70sev]

Have you ever seen someone frowning on a jet ski?


Peter Schiff spoken like a boss.

[MAXELHOFF]

I never heard of this rich bitch.

http://www.bbc.co.uk/news/business-19487985

This woman sounds like a bitch.

So you don't think Australians would be richer if they didn't, "drink and smoke"?
Sounds like she was mis-quoted, out of context, about the $2 per day, to me.

[Stanley Rockafella]

Of course most on this forum are going to disagree with the article.

Most of us all drive cars over the age of 20 year of age.

if we were to post this article on, say a Bugatti or Ferrari forum, I'm sure everyone would agree with all it's points.

It's all in the frame of mind. Most of the ppl. on this board are not in the frame of mind that would yield the results that would get us into a ferrari, which is why we drive e30's!