Comments on: Why Unmaterialistic People Should Want to Get Rich http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/ Sat, 21 Nov 2009 02:44:23 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: smily http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/comment-page-2/#comment-72561 smily Fri, 15 May 2009 02:39:31 +0000 http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/#comment-72561 I want to get rich too, loved your article. Our time is so precious to all of us. I want to get rich too, loved your article. Our time is so precious to all of us.

]]> By: Bianca http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/comment-page-2/#comment-70632 Bianca Sat, 10 Jan 2009 12:48:04 +0000 http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/#comment-70632 Living beyond your means is bad? I suppose you think it's a good idea to scrimp and be cheap and hoard all your money so you can become wealthy? Sounds a bit scroogey to me... Buying income-producing assets so you CAN buy everything you want and more is the way to go. Why live a life of mediocrity where you can't buy shiny toys cos it's a 'waste of money', when there's the option to EXPAND your means, so you can have everything you want, and still not have to worry about being poor. Living beyond your means is bad? I suppose you think it’s a good idea to scrimp and be cheap and hoard all your money so you can become wealthy? Sounds a bit scroogey to me…

Buying income-producing assets so you CAN buy everything you want and more is the way to go. Why live a life of mediocrity where you can’t buy shiny toys cos it’s a ‘waste of money’, when there’s the option to EXPAND your means, so you can have everything you want, and still not have to worry about being poor.

]]> By: farouk http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/comment-page-2/#comment-70299 farouk Tue, 23 Dec 2008 12:09:20 +0000 http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/#comment-70299 great post:) it tackles important topics that people usually ignore great post:) it tackles important topics that people usually ignore

]]> By: hisham http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/comment-page-2/#comment-68016 hisham Thu, 02 Oct 2008 23:58:08 +0000 http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/#comment-68016 hi every one.i believe contribution and helping pepole is afast way to get rich if you ment to be,also you got to be abrave to take hard disition(apeality to change),ad foucsing on sucsess.......... hi every one.i believe contribution and helping pepole is afast way to get rich if you ment to be,also you got to be abrave to take hard disition(apeality to change),ad foucsing on sucsess……….

]]> By: don http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/comment-page-2/#comment-67847 don Sat, 27 Sep 2008 17:13:17 +0000 http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/#comment-67847 nothing wrong with money, its a tool to make more money and provide more time to spend with family and friends, and to invest in other money making ideas. Rich poor and middle class all just think differently about money, and what to do with it, thats what keeps them where they are at and the risks they take with their money also differentiates which spectrum ppl end up at. Good luck everyone on your journey to financial freedom. nothing wrong with money, its a tool to make more money and provide more time to spend with family and friends, and to invest in other money making ideas. Rich poor and middle class all just think differently about money, and what to do with it, thats what keeps them where they are at and the risks they take with their money also differentiates which spectrum ppl end up at. Good luck everyone on your journey to financial freedom.

]]> By: Training your Mind to Become an Effective Success Maker | mindsecretsexposed.com http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/comment-page-2/#comment-62623 Training your Mind to Become an Effective Success Maker | mindsecretsexposed.com Mon, 23 Jun 2008 04:34:19 +0000 http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/#comment-62623 [...] sweet taste of success throughout various junctures of your life. The mind in this case, as a success maker, has got little to do with how high your intelligence is, but rather, more on how you are able [...] [...] sweet taste of success throughout various junctures of your life. The mind in this case, as a success maker, has got little to do with how high your intelligence is, but rather, more on how you are able [...]

]]> By: EthanW http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/comment-page-1/#comment-19798 EthanW Wed, 03 Oct 2007 03:46:50 +0000 http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/#comment-19798 Gonads, can't understand how flipping houses could be rubbish?? What was rubbish was the house I helped a friend with recently. Let's walk through the scenario and how many people it helped. Crazy cat lady tried to sell home, no correction HAD to sell her home but nobody would buy it. She was getting desperate. My friend steps in, buys from crazy cat lady so she pays off her mortgage and gets enough money to do what she needs - value created for her, house sold with money left over! 2 real estate commissions earned, broker earns money, both agents earn money, agent's staffs earn money. (and the settlement attorney, and the mortgage guy...) (and the guy that printed the pamphlets, and made the lawnsigns, and the ink, although their portion of this particular pie was alot smaller...) Friend takes house and awards me $9,000 contract to paint it. In the process I bought alot of paint. Paint guys win! I earn a profit! = value added. I pay 4 painters for a week and a production manager's salary and have money to contribute to my office girl who also needs to eat! = value added! 2 other trades got to come in after me, they all get to eat! Finally, we've transformed a nasty old house into a beautiful, practically new house and brought this house up or beyond the standards of the neighborhood. Friend finds somebody that would love to live in the house now, best value they could find - value added! New agents get their commissions! (and attorneys, and brokers, and mortgage guys all over again) Now my friend profited over $80,000 on this deal, of which much of that went to the government to feed alot of other people. And the rest of us put our profits in the bank where it was then loaned out again to more industrious people in the marketplace that could do such wonderful things as successfully flip a house. I don't know about you , but I see nothing about that transaction that brought no value to society.... and I didn't even skim the surface of how it made everyone else's lives more valuable around it to have a nicer house in the neighborhood and where all that new found resources just went back into causing good for other people..... just my 2 cents! Gonads, can’t understand how flipping houses could be rubbish?? What was rubbish was the house I helped a friend with recently.

Let’s walk through the scenario and how many people it helped.

Crazy cat lady tried to sell home, no correction HAD to sell her home but nobody would buy it. She was getting desperate.

My friend steps in, buys from crazy cat lady so she pays off her mortgage and gets enough money to do what she needs – value created for her, house sold with money left over!

2 real estate commissions earned, broker earns money, both agents earn money, agent’s staffs earn money. (and the settlement attorney, and the mortgage guy…) (and the guy that printed the pamphlets, and made the lawnsigns, and the ink, although their portion of this particular pie was alot smaller…)

Friend takes house and awards me $9,000 contract to paint it.

In the process I bought alot of paint. Paint guys win!

I earn a profit! = value added.

I pay 4 painters for a week and a production manager’s salary and have money to contribute to my office girl who also needs to eat! = value added!

2 other trades got to come in after me, they all get to eat!

Finally, we’ve transformed a nasty old house into a beautiful, practically new house and brought this house up or beyond the standards of the neighborhood.

Friend finds somebody that would love to live in the house now, best value they could find – value added!

New agents get their commissions! (and attorneys, and brokers, and mortgage guys all over again)

Now my friend profited over $80,000 on this deal, of which much of that went to the government to feed alot of other people.

And the rest of us put our profits in the bank where it was then loaned out again to more industrious people in the marketplace that could do such wonderful things as successfully flip a house.

I don’t know about you , but I see nothing about that transaction that brought no value to society…. and I didn’t even skim the surface of how it made everyone else’s lives more valuable around it to have a nicer house in the neighborhood and where all that new found resources just went back into causing good for other people…..

just my 2 cents!

]]> By: lowrads http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/comment-page-1/#comment-19784 lowrads Tue, 02 Oct 2007 18:48:36 +0000 http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/#comment-19784 Rubbish. There are always some jobs that contribute no good to society as a whole. I'd call it an evil, but it is the most banal of evils. In just one example, house flippers. There's even a television program to encourage this activity. Usually, speculation carries some virtue. The would-be speculator find a commodity or good in one area, and either contracts a number of existing services, or creates new jobs in order to transport the good from where it is less valued and stores it in an accessible way where it is valued. With untransportable goods, speculation just serves as pure grift on the output of society as a whole, not to mention the "grift tax" burden on future homeowners. The grifters are then able to take any unit of universal exchange and use it to consume valued services, or worse, finite resources. If it weren't for transactional taxes to the state, there would be no benefit at all to society. John Locke puts the betterment of the public good as a prime justification of the institutionalization of protection for private property. Likewise, with extractive industry, it is vital to lawfully, and conscientiously leave, "as much and as good" to protect the physical common good. Private enterprise should always be civicly minded, whether enshrouded in law or not. In fact, in my experience, it's easier to do it that way. You certainly sleep better at the end of the day. Rubbish. There are always some jobs that contribute no good to society as a whole. I’d call it an evil, but it is the most banal of evils. In just one example, house flippers. There’s even a television program to encourage this activity. Usually, speculation carries some virtue. The would-be speculator find a commodity or good in one area, and either contracts a number of existing services, or creates new jobs in order to transport the good from where it is less valued and stores it in an accessible way where it is valued. With untransportable goods, speculation just serves as pure grift on the output of society as a whole, not to mention the “grift tax” burden on future homeowners. The grifters are then able to take any unit of universal exchange and use it to consume valued services, or worse, finite resources. If it weren’t for transactional taxes to the state, there would be no benefit at all to society. John Locke puts the betterment of the public good as a prime justification of the institutionalization of protection for private property. Likewise, with extractive industry, it is vital to lawfully, and conscientiously leave, “as much and as good” to protect the physical common good. Private enterprise should always be civicly minded, whether enshrouded in law or not. In fact, in my experience, it’s easier to do it that way. You certainly sleep better at the end of the day.

]]> By: ichsan http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/comment-page-1/#comment-18498 ichsan Sat, 15 Sep 2007 09:37:25 +0000 http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/#comment-18498 i agree with u, and this site, for me is very very great... i agree with u, and this site, for me is very very great…

]]> By: GlenP http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/comment-page-1/#comment-14368 GlenP Mon, 23 Jul 2007 05:17:39 +0000 http://www.pickthebrain.com/blog/why-the-unmaterialistic-should-have-the-greatest-drive-to-get-rich/#comment-14368 Wow, lots of great conversation here. My 2 cents worth: 1. It's been said that if you divide all the money up evenly amongst the global population, that the money will find its way back to the same people in the same proportion in about 3 months (or so!). Because it's more about your ability to handle the money (i.e. your financial education) than it is about the money itself. Hence the lotto winners who end up in debt within 2 years. 2. Re: Paul Allen's boat - hey, it's keeping 60 people gainfully employed!!! How many of us can say we do that? Not to mention everything else that his company has done to produce jobs, provide standard software etc... not wanting to get into a debate about Linux vs MS or anything tho :) 3. Read anything by Dan Kennedy in regards to business & money. It'll change your tune if you're open to actually learning new views. Suggest the "No BS guide to entrepreneurship" or "No BS guide to business success" (from memory). 4. The notion of "have to buy low & sell high" made me squirm, after knowing many people who have built personal wealth without such a base model. I'm not denying that people do run their business this way (hence the existence of sweat shops), but I think to make it a blanket statement is just a little simplistic 5. Buying time is the key for me. There are so many ways to do this today (develop information products, subscription websites, using e-lance where possible for such things, start a part-time service business) that I think for many (myself included until recently) it's just too easy to be blinded like the preverbial deer in the headlines. Read all the books, get head knowledge, but no application... What's working for me - choose ONE approach & stick with it. Study it & master it. Don't be blinded by the next "big thing" or "quick money" path, or you'll end up confused, frustrated, & worse off (after spending money on such programs without having the focus to make money back). Been there, done that, got the DVD. I'm now a big fan of Michael Masterson's (www.earlytorise.com) "chicken entrepreneurship" approach - keep your day job, study & work efficiently after hours / weekends, & only leave your job once you've got financial reserves, paying clients, and confidence & evidence that you can operate full time in your chosen venture. Cheers for the great site, I'm finding it very thought provoking. Wow, lots of great conversation here.

My 2 cents worth:

1. It’s been said that if you divide all the money up evenly amongst the global population, that the money will find its way back to the same people in the same proportion in about 3 months (or so!). Because it’s more about your ability to handle the money (i.e. your financial education) than it is about the money itself. Hence the lotto winners who end up in debt within 2 years.

2. Re: Paul Allen’s boat – hey, it’s keeping 60 people gainfully employed!!! How many of us can say we do that? Not to mention everything else that his company has done to produce jobs, provide standard software etc… not wanting to get into a debate about Linux vs MS or anything tho :)

3. Read anything by Dan Kennedy in regards to business & money. It’ll change your tune if you’re open to actually learning new views. Suggest the “No BS guide to entrepreneurship” or “No BS guide to business success” (from memory).

4. The notion of “have to buy low & sell high” made me squirm, after knowing many people who have built personal wealth without such a base model.

I’m not denying that people do run their business this way (hence the existence of sweat shops), but I think to make it a blanket statement is just a little simplistic

5. Buying time is the key for me. There are so many ways to do this today (develop information products, subscription websites, using e-lance where possible for such things, start a part-time service business) that I think for many (myself included until recently) it’s just too easy to be blinded like the preverbial deer in the headlines. Read all the books, get head knowledge, but no application…

What’s working for me – choose ONE approach & stick with it. Study it & master it. Don’t be blinded by the next “big thing” or “quick money” path, or you’ll end up confused, frustrated, & worse off (after spending money on such programs without having the focus to make money back).

Been there, done that, got the DVD.

I’m now a big fan of Michael Masterson’s (www.earlytorise.com) “chicken entrepreneurship” approach – keep your day job, study & work efficiently after hours / weekends, & only leave your job once you’ve got financial reserves, paying clients, and confidence & evidence that you can operate full time in your chosen venture.

Cheers for the great site, I’m finding it very thought provoking.

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