Fix The Txagline

Why aren't you rich?

Of the rich(er) people I talk with (my definition of rich being those that make 3-5 times what I make at/around same age), they don't seem any different except for being in the right place at the right time and a little bit more focused on money.

The question, do you want to be rich or richer? What is stopping you?

Who cares? Right?
Permalink Not Berlin 
January 22nd, 2006
I am not a number, I am a free man!

Now back to the gulags with you, slave.
Permalink Regular 
January 22nd, 2006
I'm not rich because:

1. I'm lazy
2. I like to goof off more than I like doing anything worth money
3. My "budget" means spending all the money I have in my pocket, then taking more out of the ATM and spending that, until there is no more in the ATM

I would like to be rich, and am attempting to rectify the above.
Permalink _ 
January 22nd, 2006
"The question, do you want to be rich or richer? What is stopping you?"

Well, sort of. The real question is, what do you want to focus on? For example, I could have stayed in NC, become a bank development consultant for between 70-125 an hour, socked it all away, and we could have quite a nice chunk of change.

Instead I decided to move out to mid-Missouri and take a pay cut to pursue a heck of an opportunity.

For me, that made more sense. The idea of having a lot of money soon and being able to just do whatever is nice, but I enjoy working, and enjoy even more learning, both class-wise and social-wise.
Permalink Cory Foy 
January 22nd, 2006
I guess I am rich. Part luck, part skill. They say the more skill you have the luckier you are.
Permalink Art Wilkins 
January 22nd, 2006
I want to be rich enough, though the top limit doesn't exist. I pursue wealth by doing what I love, rather than trying to take shortcuts, because shortcuts can be illegal and sometimes we are too old for "shortcuts" (the time has passed already).

Things that have made me slower at reaching my goals:
1. I wasted years in a different career path before deciding to focus on software development;
2. I didn't have access to the right tools soon enough, as I spent many years using tools that I later found lacking in some ways. Though this helped me to understand what I "miss" by not using those tools, as well as it helped me to learn what I wanted for my tools;
3. I can't count with help from other people because I'm inventing things in new ways, and most people are interested in concrete things;
4. The transition from Desktop Development to Web Development is not an easy one, not when I want to support both, even though the first HTML that I wrote was back in 1995/96.
5. Most young folks haven't helped me with supporting Desktop technologies, because they are from the Web era, and their interests never coincide with mine. So, Desktop OSS projects suck in many ways, and the commercial versions are pretty under-developed because of the Web phenomenon.

Despite all that, I think I am on the right track, and this year my business will start and in three years I hope to have accomplished some financial success, though that's only the start! :-)

Things to consider: trying to please folks is good and bad at the same time, so know where to spend your energies, but take in consideration what people want.
Permalink Lost in the jungle 
January 22nd, 2006
A few factors:

- Risk aversity. You've got to bet big to win big, but then there's also the risk of losing big. It comes down to having something to bet in the first place, and secondly believing in yourself sufficiently to make the bet. It's less of an issue if you are financially secure since you won't be risking much.

- Priorities. If you tie yourself down with family and a mortgage, you've got less resources to throw about both in terms of time and money. You'll be 'rich' in another sense of the word, but not the one that buys you a luxury sedan.

Personally I have some savings that I'm going to put on the line at one point or another. I have a high burn-rate with family, housing and car expenses so I need enough cash to completely sustain ourselves even after quitting the day job - cause that's what I have to do if I want time to work on anything seriously.
Permalink jz 
January 22nd, 2006
I have this theory that it's people with a safety net who take the big risks. Or at least, the people who act as if they have a safety net. Trump, Gates, etc.

Part of it is luck in a strict Random Walk sense - if you have hundreds of guys flipping quarters, one of them is eventually going to hit heads 50 times in a row.

Part of it is perserverance - every new business hits a tough spot where the money just isn't coming in, and you have to do some unpleasant or boring/tedious things to get it to work.

And then, of course, you have to have taken the risk in the first place in order for it to pay off.

Oh, and a lot of it is money management. A penny saved is two pennies earned.
Permalink MarkTAW 
January 22nd, 2006
Oops, you found an error!