What is Digg?225 Comments
- Lixie, on 10/12/2007, -13/+4731. Wasn't born rich.
2. Didn't marry rich.
3. Not a criminal even though it pays.
4. Ignorant of tax loopholes to avoid most taxes.
5. Didn't buy Microsoft stock in 80's.
6. Didn't buy Google stock in the 90's.
7. Didn't buy Apple stock in the 00's.
8. Majored in Philosophy.
9. Played in a funk band rather than an emo band.
10. TiVo - woojoo, on 10/12/2007, -7/+126#1: digg
- lieutenantmudd, on 10/12/2007, -3/+96#1 What I love to do in life pays like crap
- neuropsychguy, on 10/12/2007, -12/+88"6. Didn't buy Google stock in the 90's."
That would have been a good trick! I think you reversed Apple and Google. You were supposed to buy Apple in the 90s and Google in the 00s. - tr0n, on 10/12/2007, -3/+71#11. You don't have tons of adverts on your 10 Reasons... website like Me
- DaNKBuDZ, on 10/12/2007, -3/+71Filthy rich people also eat, sleep, and have friends and family too.
And uhh...I guess they could scuba dive if they want. - inactive, on 10/12/2007, -4/+65#1 Haven't figured out how to put a list of 10 on a single page.
- spudnic, on 10/12/2007, -5/+62"Whether it's smoking, drinking, gambling" ..."you're wasting your hard-earned money on toys"
What's the point in having money if you aren't going to spend it on things you like? - doktorrocket, on 10/12/2007, -3/+586 reasons you ARE rich:
1: You didn't go to sleep hungry
2: You didn't go to sleep outside
3: You had a choice of what clothes to wear
4: You didn't break a sweat today
5: You didn't spend a minute in fear today
6: You had clean drinking water today
It's good to have some perspective on what constitutes "rich". - inactive, on 10/12/2007, -5/+59Er, they forgot to mention that if everyone became a millionaire, inflation would skyrocket and all that money would be useless. Let's not forget that our system is built on an imbalance of money, people. Thank God for lazy sons-of-bitches like myself who refuse to contribute to the problem of too much money by spending everything I've got. Anyway, who cares about money so long as I'm happy, right? Well, aside from making sure I've got enough to pay the bills, of course.
- guytoronto, on 10/12/2007, -7/+60#1 My lotto numbers haven't come up.
- negativefx, on 10/12/2007, -4/+57scuba diving?
- inactive, on 10/12/2007, -4/+56#11. If everyone followed this get-rich list, everyone would be rich and you'd need some kind of get-*super*-rich list to actually be rich.
- toomuchgreentea, on 10/12/2007, -3/+49I'll bet the guy who wrote the article isn't a millionaire either.
- lukeamotion, on 10/12/2007, -2/+34I was rich, and then I bought my PS3. Now if i could only afford a game.
- ttntyler, on 10/12/2007, -5/+33Heh, that's just an excuse to make yourself feel better about not being rich. People always say "money doesn't buy happiness", but who says rich people can't be happy?
- Nougat, on 10/12/2007, -3/+31#0 You spent all your time clicking to the next page of a ten item list that was split into two pages to increase ad revenue on the host site.
- SwissCamel, on 10/12/2007, -5/+32Not enough money? Is that on the list?
- betacmag4u, on 10/12/2007, -5/+32one of the top reasons is the cost of autos, the average car pmt in the USA is around 390/mo. invest that @ the average market return from the time you are 25-65 and you will have approx 4.5 million dollars......or you can roll on 22's in a car you can't afford and be the working poor all your life..........me I drive a paid for pickup, guess what I'm doing with my 390 a month?
- senorBojangles, on 10/12/2007, -2/+29I think the line from "Fight Club" should be on this list. To wit:
"Advertising has us chasing cars and clothes, working jobs we hate so we can buy ***** we don't need. We're the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War's a spiritual war... our Great Depression is our lives. We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars. But we won't. And we're slowly learning that fact. And we're very, very pissed off." - implied, on 10/12/2007, -5/+31#1 I havent quite figured out how to market not being rich. I have plenty laying around.
- Renton, on 10/12/2007, -7/+33"#12 The US dollar is dropping in value."
Then more people WOULD be millionaires. - inactive, on 10/12/2007, -2/+23Here's the real reason: people's expenses match a certain ratio of their income.
Say you make 50k a year, which I was at not too long ago. It was fine. I paid my bills and saved some.
Now I make 75k a year. But my ratio is still the same. Why? Because I say, "well, I can technically buy this this and that..." and still maintain the same level of debt/income, when in reality I should still be living at a 50k means and banking all the extra. After all, I lived off of that before.
But nooo, now it's "yeah, I can go party every night" and "I can afford a new car/big screen TV" and "I can buy all these sweet games". To others around me, it looks like I'm just blowing my money. I'm not in a bad situation by any means, but I'm not saving like I *could* be.. living like I was before.
Really it's just discipline. Right now I'm enjoying the raise, but soon I'll have to buckle down under some crazy budget in order to start saving for retirement. - Gizza, on 10/12/2007, -6/+25"gambling"
Its not a problem if you're awesome at it. - lieutenantmudd, on 10/12/2007, -5/+24This list just perpuates the lie that the natural state of someone is a millionaire. It reads like a list of things you are doing wrong. It's not bad advice, but if I did all these things, I still probably wouldn't be a millionaire.
I think most of my college educated contemparies will retire with a net worth of a million dollar, but I am sure half of that will be a house and the other half a retirement account. I don't most people, even taking this guy's advice, will ever have a liquid million - madgamer01, on 10/12/2007, -3/+21If you're awesome at it, then it's not gambling.
- Anigav, on 10/12/2007, -1/+18#1: you didn't patent the "jump to conclusions mat"
- inactive, on 10/12/2007, -5/+22#11 You think you deserve it with little or no work.
- VeryAngryJim, on 10/12/2007, -1/+18Here's something simple you can do if you're in college or fresh out of college that will save a fair amount of money until you get a real job.
Make a spreadsheet for every month with a row for every day of the month. make two columns, label one "cash in" and the other "cash out" and keep track of what you spend and earn every day. It only took me 10 days to completely stop getting fast food on the way to work all the time and ordering pizza with my friends a few times a week. Once you see how much money you waste on garbage like that it's easier to stop. - negativefx, on 10/12/2007, -24/+40#1 you read digg too much
edit: damn you woojoo - Comatose51, on 10/12/2007, -1/+16@Lixie: #3, #8, and #9 gained my respect, whatever that's worth to you. I used to work for a major hedge fund that had many very wealthy people and some of them are just slimey people. I'm not quite sure how much money a person needs to be happy but I don't want to be a millionaire. I'm happy being a programmer making a decent salary. I just want to work less and have more time.
My #1 reason for not being a millionaire is because I don't have the motivation nor desire to. If doing what I love makes me a millionaire some day, great, but I doubt I would wake up that much happier every day. - drlog, on 10/12/2007, -3/+17"Also, is videogaming a "bad money-sucking habit"?"
You also have to consider the amount of money you're losing whilst gaming - You could be working :P - RedStateRetard, on 10/12/2007, -4/+17thestreet.com?
#1 on the list should be "taking Jim Cramer's advice". Listening to him will send you to the poor house.
The only 2 books on finance you'll ever need.
The Millionaire Next Door: The Surprising Secrets of America's Wealthy (1996, ISBN 0-671-01520-6)
for the more advanced:
The Intelligent Investor by Benjamin Graham - thepaulm, on 10/12/2007, -8/+21What a pointless and stupid article.
Lame. - inactive, on 10/12/2007, -5/+171. You Care What Your Neighbors Think
2. You Aren't Patient
3. You Have Bad Habits
4. You Have No Goals
5. You Haven't Prepared
6. You Try to Make a Quick Buck
7. You Rely on Others to Take Care of Your Money
8. You Invest in Things You Don't Understand
9. You're Financially Afraid
10. You Ignore Your Finances - AndrewDB, on 01/10/2008, -4/+15I'm not rich because I just bought a 286 dollar cellular phone.
- foolfromhell, on 10/12/2007, -5/+15Yeah, Google had their IPO in 2004 I think...
Also, is videogaming a "bad money-sucking habit"?
Like $100/month on games + $2000/ 2-3 years on a computer? - Namco, on 10/12/2007, -1/+10#11 Every get rich scheme has a disclaimer somewhere that reads "These results are atypical, actual results may vary"
- beatphats, on 10/12/2007, -1/+10Well, for me I know "The Secret" and now I'm thinking all day about being rich.
But nothing still...
...need to concentrate more, pop a blood vessel or two... - PDelahanty, on 10/12/2007, -1/+8Ten Reasons I Am Not Rich:
1) I'm lazy.
2) I'll write the rest later. - luigi1015, on 10/12/2007, -2/+9#2 You didn't get hit by a drunk driver pulling out of your driveway.
- trer, on 10/12/2007, -1/+81. You attend Robert Allen seminars but don't stay the whole time.
- Y0tsuya, on 10/12/2007, -1/+7#1 You bought Enron, Worldcom, Global Crossing, or dot-com stock because:
a) "it's a new paradigm"
b) "if you don't buy now you'd be priced out forever"
c) "prices would stay at a permanently high plateau"
#2 You "invested" in real-estate using no-money-down 100% LTV ARM because:
a) "real estate always goes up, dummy"
b) "if you don't buy now you'd be priced out forever"
c) "they're not making any more land"
d) "prices would stay at a permanently high plateau"
But actually those would be corollary of #6 and #8 in TFA. And eerily similar. People just don't learn, that's why they stay poor. - Takami826, on 10/12/2007, -1/+6#1 Paying 35% in taxes before I even see my pay
#2 Paying 8% on everything I buy, including food
#3 Paying $1 or more tax on each gallon of gas
#4 Paying for people who won't get off their asses and get educated and get a job because it's easier to have ME work and let the Eagle ***** on them at the first of every month - eschompthis, on 10/12/2007, -2/+7most reason why we ain't rich is because we make some bitch ass excuses like these
- aelias, on 10/12/2007, -3/+8And we have a winner. I mean, I'm turning 30 this year, and have pretty much collected all of the toys I could ask for. Most of them are paid for, for that matter. And you know what? I'm happy. I don't bank mad dough, but I don't need it either. But, even if I saved every penny I EVER made, and didn't buy any of the cool stuff throughout the years (stuff that I WORKED for, and treasure to this day), I'd only have a couple hundred grand. You can't even buy a decent house/car combo for that. This article is *****. Either that, or I need a better job. Maybe I should want better toys?
Live it up, people. You may never be rich, or famous, but you can be happy. - stanleyford, on 10/12/2007, -3/+8"#1 If you weren't poor, then no one would be rich."
This is only true if wealth is a zero sum game in which one party's advantage becomes another party's disadvantage, in other words, if one person becomes wealthier another person must become poorer. But one only needs common sense to realize this is untrue: if my house burns down tomorrow, I become poorer by the value of the house and everything in it, but no one else has gotten richer at my expense. On the other hand, if I build a new house tomorrow, I become richer by the value of one house, and no one has become poorer at my expense.
"#2 Because your honest. Profit comes from the production of artificial value and this is a basic understanding of capitalism. Otherwise the costs and the price would be the same."
It is neither artificial nor dishonest to make a profit, provided that the profit is made legally and ethically. Believing otherwise is foolish and nonsensical. Why would anyone make anything if, for their labor, they received no reward? Why is it dishonest to make a profit from the sale of goods or services, if the buyer understands and agrees to the price?
Do you have a job? Does that job pay you more than the actual cost of your time and the material expenses you incur while working? (If you are able to use the money from your job to purchase food and housing, then you are making a profit from your labor.) If so, the price of your labor exceeds its cost, and by your own reasoning, you are behaving dishonestly.
"#3 There are two elevators in economics, attached by the same pulley."
This entire paragraph makes no sense. - betacmag4u, on 10/12/2007, -2/+6@ Sneezyx alright ...no getting away being that vague. What field did you change to?
- blqysmg, on 10/12/2007, -1/+5You have absolutely no concept of economics. In the 40 years from 25 (when you can resonably expect to start making money) and 65 (when you can resonably expect to retire) the economy will more than triple in size.
For those who are slow, that means that there is more than 3 times as much money to go around as there was before. The money goes to those who know how to invest. There is no secret society, no magic formula. Compound interest works the same way for everyone.
For those who blow every penny they earn, the last paycheck they get on their job is the last money they have that's not given to them by the labor of someone else. For those who invest early in life, and add to that investment in a consistant manner, riches await. It just takes TIME. - kelbear, on 10/12/2007, -1/+5It takes about 4k to get about 1 million dollars out of a Roth IRA when you retire if you save money in summer jobs and invest at 18. No tax on that money if you wait till retirement. It's that easy to become a millionaire.
-
Show 51 - 100 of 215 discussions
Check out the new & improved 
© Digg Inc. 2009
— Content created and posted by Digg users is