The 10 Reasons why you aren't rich

[Phokus]

http://www.thestreet.com/_tscrss/newsanalysis/opinion/10345796.html

Damn, too many apply to me... thank god i'm frugal or else i'd be in the poor house right now.

 

[jhayx7]

Originally posted by: Phokus
http://www.thestreet.com/_tscrss/newsanalysis/opinion/10345796.html

Damn, too many apply to me... thank god i'm frugal or else i'd be in the poor house right now.

The hardest part about this article, which it does not address, is if you live by all 10 rules and your SO does not.

 

[paulxcook]

A few kind of apply to me. I think I'm probably not a millionaire because I haven't lived long enough yet to build any wealth. This is probably directed at 40somethings on up.

 

[theprodigalrebel]

Very simple points but all very true.

 

[TheoPetro]

none of those are me but im poor as ******

 

[uhohs]

because i spent $500 in the last 3 months on japanese music.

 

[jhayx7]

Originally posted by: uhohs
because i spent $500 in the last 3 months on japanese music.

FAK!

 

[vi edit]

I'll never be "rich". And neither will most of us.

But a lot of people can certainly live more comfortably following his rather basic, but reasonable rules.

 

[DarkThinker]

Originally posted by: jhayx7

Originally posted by: uhohs
because i spent $500 in the last 3 months on japanese music.

FAK!

ME! $500!!! that's a 50 at $10 a pop for example and lets say you buy ~17 a month! OH man, in the future you are so screwed!

DarkThinker

 

[WHAMPOM]

Originally posted by: Phokus
http://www.thestreet.com/_tscrss/newsanalysis/opinion/10345796.html

Damn, too many apply to me... thank god i'm frugal or else i'd be in the poor house right now.

The number one reason anyone ends up a millionaire. Your parents were.

 

[tydas]

They missed a couple!

11. Kissing ass at work
12. Blaming others for your mistakes
13. Throwing colleagues under the bus
14. Being an all around miserable, greedy jerk

 

[wyvrn]

Every one of those points is true. I am doing well on most of them but I still spend too much money on stuff. Luckily I only spend my budget and use investing to help my finances.

 

[uhohs]

Originally posted by: DarkThinker

Originally posted by: jhayx7

Originally posted by: uhohs
because i spent $500 in the last 3 months on japanese music.

FAK!

ME! $500!!! that's a 50 at $10 a pop for example and lets say you buy ~17 a month! OH man, in the future you are so screwed!

DarkThinker

$12-17 for a cd single
$25-36 for a cd album

me = pwnt.

and that $500 figure is not counting purchases of hardrives and blank dvds.

 

[AbAbber2k]

Most of those don't apply to me, and I'm still not rich.

 

[Vic]

The article should be title "10 Reasons Why You Aren't Rich at Age 50." Then we wouldn't have 20 year-olds whining about how they abide by the list and still aren't rich. Acquiring wealth is the process of building assets. Income is only part of the equation. What one does with their money is just as important as how they make it. Make that the 11th reason, people who don't understand that never get there. Now go out and upgrade your HDTV and buy the latest vid card, and tell yourself that the divide between rich and poor is all a big conspiracy.

 

[KK]

The main reason I'm not rich is that I'm comfortable with where I am now. Sure more money would be nice, but not necessary. I'd rather be home with the family than busting my ass to make a buck. Some people may think I'm lazy, but atleast I'm happy.

 

[BrownTown]

I think they missed the one about me not being rich because my dad wasn't rich .

 

[Red Dawn]

I wonder if the author of that article is rich.

 

[SarcasticDwarf]

Originally posted by: BrownTown
I think they missed the one about me not being rich because my dad wasn't rich .

So true. While you *can* become rich without having access to capital to begin with, it is much harder and rarer (you basically have to have a great idea that pans out). It is far easier to make money when you have access to financial backing.

 

[ggnl]

Originally posted by: BrownTown
I think they missed the one about me not being rich because my dad wasn't rich .

Yeah, its a little hard to get ahead when you're already 25-50K in debt before you ever finish undergrad courses.

 

[BurnItDwn]

None of those 10 reasons from the link in the OP apply to me.
My reason is "You procrastinate"

 

[b0mbrman]

Originally posted by: Phokus
http://www.thestreet.com/_tscrss/newsanalysis/opinion/10345796.html

Damn, too many apply to me... thank god i'm frugal or else i'd be in the poor house right now.

Very simple for me:
(1) Didn't study hard enough in college
(2) Idealistic

 

[MisterJackson]

Originally posted by: uhohs
because i spent $500 in the last 3 months on japanese pron.

Tell the truth bukkake boy

 

[ultimatebob]

Originally posted by: tydas
They missed a couple!

11. Kissing ass at work
12. Blaming others for your mistakes
13. Throwing colleagues under the bus
14. Being an all around miserable, greedy jerk

Don't forget these gems:

15. Don't have a rich relative to sponge off of or inherit from
16. Don't have an stock picking show on CNBC with filled bad advice and cheesy sound effects
17. Watch too much of said stock picking show, and lost all your money

 

[TheNinja]

#1. You don't make enough money