as rick would say "we can't be thinking of it like that"
i speak of, obviously, saving money to become rich. let me explain.
for most of my life, i had the idea in my head that i needed to go to school so that i could get a good job and become rich. that was the purpose of school, to become rich. and yet, i have finished school and am not rich, and even though most of the jobs that i'm currently hoping to get hired for will pay more than enough for me, rich they will not me make. however i have learned what will: saving and (later) investing.
that's right kids, unless you are the ceo, cfo, coo, or cto of a company, or just won the lottery, you need to save to become the rich person you have always dreamed of being.
i think it boils down to this:
rich people work to make money in order to save it, not so that they can spend it. it may sound simple, but i bet most of you got your first job so that you'd earn money you can instantly spend.
but i'm no real expert on this, i don't even have a job. yet.
Sunday, March 16, 2008
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3 comments:
feelin' this post. in a book i read 'rich dad poor dad' the author says: 'the rich don't work for money.' as in, they don't work to make money... they work to work... money's no longer an issue. how do they get to that point? building up assets by investing, saving, etc.
maybe in 3-5 yrs or so we can get a bunch of us together and invest in something that can get us set for the rest of our lives... now that'd be something.
rich people don't become rich, they already are rich.
it's not easy to work, save and become rich, especially if you don't start off with that much. if you're in a low paying job and are saddled with debt because you didn't have enough money to start out with, then you ain't gonna be rich anytime soon. sure, you can become rich, but only if you save a good percentage of your paycheck and agree to go without everything you want or need, which is incredibly hard to do if you are in a low paying job. even if you are disciplined enough to do this, it'll take years to become rich (assuming you don't lose your job and your wages don't deteriorate over time/they actually keep up with the cost of living).
those who become rich usually have a good paying job, which in most cases requires a good education. what kind of people have the resources to obtain a good education? rich people. or comfortable people at the very least. those people can provide their children and family members with the resources they need to obtain a good education and a good paying job.
when their children get this job, they probably don't have much to worry about other than themselves (i.e., they don't have to help out their family with finances and debt). and of course they can't spend all their money because they don't have unlimited wants and needs. even if they did, they probably already know better than to spend all of their paycheck because they were taught not to by their parents or in school (or they read books and websites about what to do with their money). because they probably don't have to worry about the present, they also probably have the luxury of thinking about the future. so, they put a good chunk of their money in savings accounts and investment vehicles to save for their first house, for retirement, and for rainy days.
so, i don't think you need to be a ceo, cfo, or coo to become rich. and i don't think you can become rich by just saving and investing. you already have to be rich, or have a good degree of economic security, or at the very least have access to education and incredible discipline.
and i think this is why making education affordable, accessible, and equitable at all levels is such a huge issue, because people realize that education has such a huge bearing on where you end up and how much you make.
this all said, i don't want to assume that most of us are automatically going to become rich because we graduated from a good school and will probably be getting good paying jobs (especially you, josh). there are lots of things that we have to worry about right now, like college debt or family issues. but 10-15 years down the road i think we'll all be in pretty good shape or position to be somewhat comfortable, if we make good choices with our money. and i don't think that it's a bad thing to save to become rich. it's what you do with those riches, privilege, and position that really matters.
i don't really know why i wrote all this?
sorry to come into this hella late, but this has got me thinking now too.
for quite some time i have decided that it is more than enough for me to never ever EVER be rich, and even to just always skate by, as long as i am doing something i love.
hearing from multiple people the benefits of saving, thinking and planning for the future...i brush that off with the hope that i can just be happy NOW. cuz here's what i don't get. you save, you invest, you get rich - or at least you get wealthier or better off...but for what?
i'd rather get what i ultimately want out of my job right now. (happiness)
you may not agree, but money is there to be spent.
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