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"How to Get Rich": an anti-self-help book by Felix Dennis

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Re: "How to Get Rich": an anti-self-help book by Felix Dennis

#62

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Yeah, you just kind of have to have the attitude that you're searching for a diamond in the rough going in. I may buy that one as well. Check out J Paul Getty's How To Be Rich, which is both about how to attain wealth and what to do once you succeed. Pretty awesome really.

Thanks. Added to the list for the next Amazon purchase. Somebody should do a meta-book on success/self-help literature. I guess it started with "Think and Grow Rich" by Napoleon Hill? I dunno, but there's a boatload of it out there.

My friend Richard Brodie did just that. It's called Getting Past OK. Worth a read.

Re: "How to Get Rich": an anti-self-help book by Felix Dennis

#63
post #23
post #13

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I didn't downmod you, I only replied to your comment. Anyway, talking about karma is probably just noise here.

Curiously, given the points on your comment, comments about comments about karma ARE ok. I motion that ALL comments that distract by talking about karma are voted down. I guess that includes this comment about comments about karma.

I have a stronger suggestion: that any branch in the conversation tree (a post and all its replies, recursively) should be able to be marked meta or orthogonal. Comments are supposed to be rewarded with global "comment karma", I suspect, for the contribution they make to the original topic (the same one that the posted article discusses.) Comments that have nothing to do with the article subject (note that the article itself may be a horrible presentation of the subject; it is not the subject as stated by the article, but rather the subject the community extracts from the article that is the focus.)

Anyway, comments (and all replies to those comments) marked orthogonal enough times by the community would have their comment karma removed, and be collapsed and perhaps restyled. To restore them, you could click on a "seperate discussion" action link on the collapsed thread, which would submit the thread as a separate story, to be voted up and down on its own, orthogonal merits (clicking it again once the story had been so submitted would vote said story up.) If that post, then, achieved a certain (low minimum) score, its posts' comment karma would be reinstated.

Re: "How to Get Rich": an anti-self-help book by Felix Dennis

#64
post #34

Earlier quoted context omitted.

I think you should re-read my last two sentences. This is exactly what I said to do. I think perhaps the emphasis is different. You say that it's just "spend less than you make", and I say that it's primarily "don't sell your hours for a fixed price".

No, it's a different philosophy entirely. Making money in a way that does not require you to work is only half the picture. The MAIN and MOST IMPORTANT part of things is that you need to KEEP REINVESTING in things that keep bringing higher returns. Nothing you do keeps bringing in steady income without requiring time. It starts of good but just drifts downwards as time passes. It is imperative to keep changing your i…

I am currently reading 'The Black Swan' and he does a good job of explaining how some fields lend themselves to extremes and others don't and that it is hard for our minds to wrap themselves around this. He explains that if you take the shortest person ever and the tallest person ever - the differences would be a lot but not orders of magnitude greater. Yet, if we were to take this year's best selling book, it would be so many orders of magnitude more than the least selling book. Our minds have a hard time dealing with comparisons that don't have real world equivalents.

What this does is create an opportunity for some industries to have 'winner takes almost all' scenarios. Book publishing and POP music are two examples where the very top people take almost all the rewards. Brain surgeon is not one of these industries - being the very best brain surgeon would still require a (in comparison) a lot more time than the author of the Harry Potter books takes to sell another book.

Most wealth is created by massively scalable business models such as licensing, show biz and mass media. And interestingly not that many fortunes come from Wall Street.

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