An important distinction I learnt recently is that many rich people consider (quality) time to be real wealth.
Anything can happen.
21 Ways Rich People Think Differently
- #241
- Feb 21, 2014 8:58am Feb 21, 2014 8:58am
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
Anything can happen.
Who gives a shit what rich or poor people think?
Smart people realize that rich people are lucky.
There are far more factors out of your control which will determine whether you "make it" in life than there are things in your control.
Most Canadian and US professional hockey players are born within the same two months. Why? Because at the youth hockey level, being born in these months means you are able to play with the age group a year behind you, giving you an inherent physical advantage, leading to an increased chance of playing at higher level leagues, leading to better skills, and so on and so forth.
Many computer pioneers (e.g. Gates and Jobs) were born around the same time as each other, as they were fortunate to be of college age as computing as just beginning to take off. Born three years earlier or later and you probably missed the boat.
Look at the latest round of billionaires to hit the world? They're all young and were at the forefront of social networking just as it was beginning to take off.
The list is operating under such a ridiculously false premise and illusion that it's not worth picking a "best" because they're all junk.
But for example,
Gee, you mean the people who already have enough savings to comfortably live for the rest of their life don't worry about saving for an unexpected medical problem? Or family emergency? Or whatever issue that people living in the real world have to deal with and worry about on a day to day basis? WHY I NEVER WOULD HAVE THOUGHT!
Most of these aren't the thought patterns that helped someone become rich, they're the thought patterns of someone who is currently rich. There's a gap the size of the Grand Canyon separating the two. Of course the wealthy treat savings, risk, and a whole manner of things differently to the poor; they don't have to worry about what happens if that risk doesn't pan out. Do you think George Soros is worried that if his $1 billion short against the S&P goes belly up and he only has $19 billion left?
Well that probably has to do with the fact that social psychologists have proven a definitive correlation between wealth and psychopathy. The wealthier you are, the more selfish you become, the less mentally able you are to recognize suffering in other humans. Psychopathy, while a terrible trait for humanity in general, is a great trait if you want to become wealthy. A fairly large portion of successful politicians, CEOs, and other world leaders test highly for traits of psychopathy. When you're not worried about stepping over friends or family to get what you want, things become a bit easier.
Smart people realize that rich people are lucky.
There are far more factors out of your control which will determine whether you "make it" in life than there are things in your control.
Most Canadian and US professional hockey players are born within the same two months. Why? Because at the youth hockey level, being born in these months means you are able to play with the age group a year behind you, giving you an inherent physical advantage, leading to an increased chance of playing at higher level leagues, leading to better skills, and so on and so forth.
Many computer pioneers (e.g. Gates and Jobs) were born around the same time as each other, as they were fortunate to be of college age as computing as just beginning to take off. Born three years earlier or later and you probably missed the boat.
Look at the latest round of billionaires to hit the world? They're all young and were at the forefront of social networking just as it was beginning to take off.
The list is operating under such a ridiculously false premise and illusion that it's not worth picking a "best" because they're all junk.
But for example,
17. Average people focus on saving. Rich people focus on earning.
Gee, you mean the people who already have enough savings to comfortably live for the rest of their life don't worry about saving for an unexpected medical problem? Or family emergency? Or whatever issue that people living in the real world have to deal with and worry about on a day to day basis? WHY I NEVER WOULD HAVE THOUGHT!
Most of these aren't the thought patterns that helped someone become rich, they're the thought patterns of someone who is currently rich. There's a gap the size of the Grand Canyon separating the two. Of course the wealthy treat savings, risk, and a whole manner of things differently to the poor; they don't have to worry about what happens if that risk doesn't pan out. Do you think George Soros is worried that if his $1 billion short against the S&P goes belly up and he only has $19 billion left?
2. Average people think selfishness is a vice. Rich people think selfishness is a virtue.
Well that probably has to do with the fact that social psychologists have proven a definitive correlation between wealth and psychopathy. The wealthier you are, the more selfish you become, the less mentally able you are to recognize suffering in other humans. Psychopathy, while a terrible trait for humanity in general, is a great trait if you want to become wealthy. A fairly large portion of successful politicians, CEOs, and other world leaders test highly for traits of psychopathy. When you're not worried about stepping over friends or family to get what you want, things become a bit easier.
- #245
- Feb 21, 2014 11:57pm Feb 21, 2014 11:57pm
Luck is for losers as it doesn't exist and mix in the same plane and plateau as discipline
and great habits although I do understand why most would feel that there is a such thing
as luck and coincidence....me on the other hand believes everything happens for a reason
in due time as destiny has already been written out all the while still maintaining our own free will!!!
so live and think big and great all the time to get the desired outcome......
and great habits although I do understand why most would feel that there is a such thing
as luck and coincidence....me on the other hand believes everything happens for a reason
in due time as destiny has already been written out all the while still maintaining our own free will!!!
so live and think big and great all the time to get the desired outcome......
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
- #246
- Feb 22, 2014 12:04pm Feb 22, 2014 12:04pm
- Joined Aug 2010 | Status: Chaos is a ladder | 1,268 Posts
Who gives a shit what rich or poor people think? Smart people realize that rich people are lucky. There are far more factors out of your control which will determine whether you "make it" in life than there are things in your control. Most Canadian and US professional hockey players are born within the same two months. Why? Because at the youth hockey level, being born in these months means you are able to play with the age group a year behind you, giving you an inherent physical advantage, leading to an increased chance of playing at higher level...
Gladwell's argument should not be taken as a complete explanation. It isn't. It comes as an antithesis to the widespread and widely accepted idea that success can be entirely accounted for by looking 'inside' the successful individual. It can't. 'No man (or woman
) is an island.' A full account of success must look both 'inside' and 'outside' the individual. That's the best approach to understand why some people are successful whereas others are not.
"To hold, you must first open your hand. Let go." - Lao Tzu
- #247
- Feb 22, 2014 1:00pm Feb 22, 2014 1:00pm
- Joined Aug 2010 | Status: Chaos is a ladder | 1,268 Posts
"To hold, you must first open your hand. Let go." - Lao Tzu
- #248
- Feb 22, 2014 4:11pm Feb 22, 2014 4:11pm
{quote} There is a lot of wisdom in those quotes but my favorite is missing: Average people are paid for their time. Rich people are paid for their performance.
Luck is for losers as it doesn't exist and mix in the same plane and plateau as discipline and great habits although I do understand why most would feel that there is a such thing as luck and coincidence....me on the other hand believes everything happens for a reason in due time as destiny has already been written out all the while still maintaining our own free will!!! so live and think big and great all the time to get the desired outcome......
How do owls do that anyway, secondly luck is certainly for losing trades, great call there, sometimes luck is what's required to swing that mutha back in the green. I loved what you said about luck there, great call.
http://m.youtube.com/watch?v=SWQ1kTgpLfo
Howlin' at the Moon on the Roof
Luck is for losers as it doesn't exist and mix in the same plane and plateau as discipline and great habits although I do understand why most would feel that there is a such thing as luck and coincidence....me on the other hand believes everything happens for a reason in due time as destiny has already been written out all the while still maintaining our own free will!!! so live and think big and great all the time to get the desired outcome......
Lets say my blonde neighbor leaves her bathroom window adjar just enough and stands directly in my eye shot whilst she gets changed into nothing but black underwear and stays in that eye glass as she does her hair and make up...
It would appear my destiny is now at a cross roads... All a wolf needs to do here is raise a hand and wave and he is probably having sex tonight. Perhaps even the start of a long term relationship or awkward love triangle, a new birth to the earth? It all comes down to choices... Or a Wolf could fray and pretend he did not see this gorgeous blonde... It seem my dear boy that destiny is indeed in my hands, and this is just breakfast..
I believe we CREATE our own luck and being such a worshiper of the rags to riches mentality I am surprised you do not either. If you think that you have no hand in your future then I'm affraid my boy, that your future will be handed to you.
Hoo?
Howlin' at the Moon on the Roof
- #254
- Feb 25, 2014 10:35pm Feb 25, 2014 10:35pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #256
- Feb 25, 2014 10:43pm Feb 25, 2014 10:43pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
{quote} I appreciate your thread! Sorry to trample on it
- #258
- Edited 2:19am Feb 26, 2014 2:04am | Edited 2:19am
- Joined Mar 2011 | Status: I should be on your ignore list | 5,597 Posts
Spend 2/3 of your working time on your job so you can pay the bills
and
Never pay rent. Start owning a home you can afford as soon as possible.
and
Never borrow to purchase depreciating assets (for example - a vehicle - a wife
)
and
Spend 1/3 of your working time on some speculative effort so you have a chance at getting financially independent.
Let it sink in the marrow of your bones that the borrower is slave to the lender.
and
Never pay rent. Start owning a home you can afford as soon as possible.
and
Never borrow to purchase depreciating assets (for example - a vehicle - a wife
)and
Spend 1/3 of your working time on some speculative effort so you have a chance at getting financially independent.
Let it sink in the marrow of your bones that the borrower is slave to the lender.
- #259
- Feb 26, 2014 2:19am Feb 26, 2014 2:19am
- Joined Oct 2012 | Status: Trader | 2,231 Posts
Spend 2/3 of your working time on your job so you can pay the bills and Never pay rent. Start owning a home you can afford as soon as possible. and Never borrow to purchase depreciating assets (for example - a vehicle - a wife
Never focus on saving and spending restrictions - always seek a way for more income (preferably passive).
- #260
- Feb 26, 2014 2:31am Feb 26, 2014 2:31am
- Joined Mar 2011 | Status: I should be on your ignore list | 5,597 Posts