Comments on: The Discipline Needed to be Rich http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html understanding the weight of money Wed, 03 Dec 2008 19:44:01 +0000 http://wordpress.org/?v=2.6.2 By: Jenny Ford http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html#comment-22269 Jenny Ford Sun, 17 Feb 2008 11:31:03 +0000 http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html#comment-22269 People have become wealthy from every possible starting point - but not just by spending less than they earn. It's what you DO with the money you save that makes all the difference. You must use it to build assets, not just park it with a bank. If only they taught this stuff in schools, there would be a lot fewer struggling adults! It took me years to unlearn the terrible money ideas I got from my parents - like the only way to be wealthy is to do something "shady"! Keep up the good work, spreading the word! Jenny www.cash-smart-kids.com blogging at www.raisingentrepreneurs.org People have become wealthy from every possible starting point - but not just by spending less than they earn.

It’s what you DO with the money you save that makes all the difference. You must use it to build assets, not just park it with a bank.

If only they taught this stuff in schools, there would be a lot fewer struggling adults! It took me years to unlearn the terrible money ideas I got from my parents - like the only way to be wealthy is to do something “shady”!

Keep up the good work, spreading the word!

Jenny
http://www.cash-smart-kids.com
blogging at http://www.raisingentrepreneurs.org

]]> By: Donna Jean http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html#comment-20758 Donna Jean Tue, 22 Jan 2008 02:34:05 +0000 http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html#comment-20758 mapgirl, good to hear from ya, it's been a while. It's nice to hear from others about their slacking in the discipline department. It'd be a little lonely if all we ever heard about was how everyone was on the straight and narrow path of getting it right. :) mapgirl, good to hear from ya, it’s been a while. It’s nice to hear from others about their slacking in the discipline department. It’d be a little lonely if all we ever heard about was how everyone was on the straight and narrow path of getting it right. :)

]]> By: mapgirl http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html#comment-20749 mapgirl Mon, 21 Jan 2008 23:41:00 +0000 http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html#comment-20749 MW is a troll BTW. But you do pose an interesting question. One can start at minimum wage and get the skills to move up in the world. It all depends I guess. At any rate, I wanted to comment about the lack of discipline to be rich. I am right there with you. Right now I am feeling very spendy with new job and new boyfriend and I'm feeling like I'm spending more than I should and not focusing on my credit cards. I know it's entirely on me and my own failure to focus and be disciplined. MW is a troll BTW. But you do pose an interesting question. One can start at minimum wage and get the skills to move up in the world. It all depends I guess.

At any rate, I wanted to comment about the lack of discipline to be rich. I am right there with you. Right now I am feeling very spendy with new job and new boyfriend and I’m feeling like I’m spending more than I should and not focusing on my credit cards. I know it’s entirely on me and my own failure to focus and be disciplined.

]]> By: Donna Jean http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html#comment-20165 Donna Jean Thu, 10 Jan 2008 12:14:01 +0000 http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html#comment-20165 Thanks for the comment but I'm not so sure that I agree with that statement, unless it is implying that someone could never increase their income above minimum wage. Perhaps then they would not become rich, but I'm sure that they could move from 'getting by' to 'doing well' while living within their budget, though that'd certainly take more discipline than I can probably manage. Of course, this isn't meant to indulge into an entire conversation on social economic and societal factors that make it very difficult for the very poor to improve their quality of life. While I don't subscribe to the simplistic notion that anyone can escape poverty if they work hard enough (because, most do indeed work very hard), I do believe that it is possible for many people to work within the confines of their situation for improvement. And I do reveal and recognize my own personal experiential bias come into play in this type of discussion having slowly moved away from those exact conditions over the past 12 years. I don't, what do other's think? Is it possible to become rich, with the proper discipline, if you're starting out at minimum wage? Thanks for the comment but I’m not so sure that I agree with that statement, unless it is implying that someone could never increase their income above minimum wage. Perhaps then they would not become rich, but I’m sure that they could move from ‘getting by’ to ‘doing well’ while living within their budget, though that’d certainly take more discipline than I can probably manage.

Of course, this isn’t meant to indulge into an entire conversation on social economic and societal factors that make it very difficult for the very poor to improve their quality of life. While I don’t subscribe to the simplistic notion that anyone can escape poverty if they work hard enough (because, most do indeed work very hard), I do believe that it is possible for many people to work within the confines of their situation for improvement.

And I do reveal and recognize my own personal experiential bias come into play in this type of discussion having slowly moved away from those exact conditions over the past 12 years.

I don’t, what do other’s think? Is it possible to become rich, with the proper discipline, if you’re starting out at minimum wage?

]]> By: Minimum Wage http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html#comment-20150 Minimum Wage Thu, 10 Jan 2008 05:37:13 +0000 http://theweightofmoney.com/2008/01/the-discipline-needed-to-be-rich.html#comment-20150 Discipline won't make you rich on a minimum wage income. Discipline won’t make you rich on a minimum wage income.

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