5 Things I learned from being rich and losing it all
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Re: 5 Things I learned from being rich and losing it all
#2This is a good read. Thanks for offering such insights. 3 & 4 are especially interesting and quite true in my experiences as well.
Re: 5 Things I learned from being rich and losing it all
#3I expected the post to have a list of what he did to lose his wealth.
Re: 5 Things I learned from being rich and losing it all
#4Next time I’m rich Now that shows some confidence.
I read somewhere a while back that those who made it once are very likely to make it again even if you took away all their belongings and privileges.
Re: 5 Things I learned from being rich and losing it all
#5Next time I’m rich Now that shows some confidence. I read somewhere a while back that those who made it once are very likely to make it again even if you took away all their belongings and privileges.
That doesn't surprise me. If you could somehow take away all the contacts and experience they gained the first time round, it might get harder.
Re: 5 Things I learned from being rich and losing it all
#6Thanks John.
Especially liked the one about experience being better than stuff.
Took me a while to get that one, and I'm still working on it. Our society keeps reinforcing that you need more and more stuff, but in reality, it's the experiences you have that make the big difference.
Re: 5 Things I learned from being rich and losing it all
#7Next time I’m rich Now that shows some confidence. I read somewhere a while back that those who made it once are very likely to make it again even if you took away all their belongings and privileges.
That doesn't surprise me. If you could somehow take away all the contacts and experience they gained the first time round, it might get harder.
If you could somehow take away all the contacts and experience they gained the first time round, it might get harder.
I doubt it.
Reread his very first sentence:
"I think one of the biggest things holding people back from getting rich is the belief that it is possible."
The key word being "belief". Most of it really is in your head. This is even more important than contacts or experience.
Personally, I don't worry much about money. Not because I have so much. But because however much I need, if I don't have it, I know that I can go out and make it. I think that was the major point of his article.
Re: 5 Things I learned from being rich and losing it all
#8"It seems almost a right of passage with many Internet entrepreneurs to buy a really expensive car. Why? Why? Why? If I really wanted to spend that kind of cash on myself, I would get a full-time personal chef."
Because a personal chef doesn't show how wealthy you are every time you go anywhere. It only has that effect among the people who know you have one, and anyone who knows you that well already knows.
It's all about conspicuous consumption. I think this trend is on the way out (at least temporarily) though.
Re: 5 Things I learned from being rich and losing it all
#9Earlier quoted context omitted.
That doesn't surprise me. If you could somehow take away all the contacts and experience they gained the first time round, it might get harder.
If you could somehow take away all the contacts and experience they gained the first time round, it might get harder. I doubt it. Reread his very first sentence: "I think one of the biggest things holding people back from getting rich is the belief that it is possible." The key word being "belief". Most of it really is in your head. This is even more important than contacts or experience. Personally, I don't worry mu…
Most teenagers and college students believe that they're going to get rich. It's just that sometime in their 20s and early 30s, they stop believing that.
I think the big difference is that people who get rich and then lose it don't question their belief that it's possible.
Re: 5 Things I learned from being rich and losing it all
#103. Money does buy you happiness.
4. Stuff does not buy you happiness.
This is what I've always suspected.
I'll post back here once I find out for myself ;)