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Too lazy to be Rich

Discussion in 'Investor Psychology' started by MTR, 25th Sep, 2015.

  1. MTR

    MTR Well-Known Member Premium Member

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    I worked out that most people are way too lazy to become rich, they may say they want to, but they don't.

    They aren't prepared to make sacrifices, learn, focus

    MTR
     
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  2. Taku Ekanayake

    Taku Ekanayake Well-Known Member

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    Hey @MTR,
    I think you're on point and I agree.
    I say I want to be rich, but what I really need right now is to develop an unrelenting purpose that is so deeply ingrained in me, that I will make whatever sacrifices needed.

    What are your three biggest sacrifices you've had to make?

    And have you found you are still continuing to make significant sacrifices today?


    Cheers,

    Taku
     
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  3. fols

    fols Well-Known Member

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    Definition of rich?
     
  4. MTR

    MTR Well-Known Member Premium Member

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    For me definition of rich is about having choices

    Everyone has their own agenda

    Depends on what you want money for..?

    Free you from your day job
    Support causes you believe in
    Help family and friends
     
    Last edited: 26th Sep, 2015
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  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Last edited: 26th Sep, 2015
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  6. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    For a moment I read the title as " Too lazy to be Birch" :-s

    But I agree 100% not many people want to sacrifice small things early in life to be rich later
     
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  7. bob shovel

    bob shovel Well-Known Member

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    I make a small sacrifice each time I buy a lottery ticket
     
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  8. Hanison

    Hanison Well-Known Member

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    100% agree

    I learnt a long time ago in my short life. That it's the things that i find very difficult or unsure of that I need to be in pursuit of.
    Put simply living outside of my comfort zone.

    Love him or hate him. Mike Tyson was a very intelligent man and he said something that has always stuck with me.

    "People don't have a clue what it takes to be the best in the world at something. They don't have the will, the steadfast, the tenacity. They give in under the slightest struggle"

    The slightest struggle....
     
    Last edited: 26th Sep, 2015
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  9. MTR

    MTR Well-Known Member Premium Member

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    I also think making money is a skill that can be taught - as long as a person is willing to learn.
     
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  10. HomePage

    HomePage Well-Known Member

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    I don't think lazy is the right word, as you can be hard working and still not get ahead and vice versa. I think it is more about impatience in the form of spending all, or more, than what you earn on instantly gratifying trinkets with poor return on lifelong happiness effects rather than investing in the interim and reaping much greater rewards later.
     
  11. moyjos

    moyjos Well-Known Member

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    Lol. I am too lazy to NOT be rich

    Seriously ...one of my major drivers in starting my own business 20 years ago was so I didn't have to work Saturdays and Thursday nights anymore.

    I sort of pushed hubby out on his own when he wasn't home enough for my liking

    Now we are not STINKING rich, but we have a pretty good lifestyle. We don't mind working hard when it needs to be done, but I HATED having to be at a job when it was quite. There are soooo many better things to do than sit around doing nothing.

    Now we have freedom to do what we want when we want. We have. It tested the "if can be away from your business for 3 months you have a business, not a job". The longes we have been away together in 4 weeks with no problems and very little phone calls from the factory. It is easier for me to get away than it is for hubby. But only because he worries more
     
    Last edited: 26th Sep, 2015
  12. MTR

    MTR Well-Known Member Premium Member

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    The reason I say lazy comes from my own personal experience, people I have met who want to be rich but they lack what it takes

    determination
    willing to work hard at it
    willing to stick to it
    stamina
    relentless focus

    Most start with good intentions but just don't follow through.
     
  13. York

    York Finance Broker Business Member

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    Pretty much the same thing. :p
     
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  14. MTR

    MTR Well-Known Member Premium Member

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    lol
    Love him, or hate him, read my list above, that's why he got so rich.
     
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  15. York

    York Finance Broker Business Member

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    Agree. No denying that. :)
     
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  16. LibGS

    LibGS Well-Known Member

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    -1

    I should elaborate to be fair. There are many many many hardworking focused poor people. They make sacrifices for their children they work hard. But they are still poor. Are all the people in the non rich classes like you describe? Really?
     
    Last edited: 26th Sep, 2015
  17. spludgey

    spludgey Well-Known Member

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    I was going to say that as well.

    The whole point that I'm investing is that I don't want to work for the rest of my life. I'm 33 now and I'm already making plans with my fiance that she'll work two days a week and I'll work three days a week once we have children. To me, this is an amazing luxury!

    So I don't think most people not being rich has anything to do with laziness, I think it's an inability to delay gratification and a lack of tenacity
     
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  18. headsonbeds

    headsonbeds Well-Known Member

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    I personally think this comes down to the old nurture/nature combo. I'm to lazy to ever be a great sports person, academic, ladder climber, mountaineer, socialite, etc. I'm not to lazy to grow my wealth. A bit like moyjos I want wealth so I can be lazy.
    I look at my family my brother is a passionate farmer, mums a great socialiser, sister is a great marketer and I'm a great investor, can't judge them harshly, none of them are lazy.
     
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  19. Kinnon Bell

    Kinnon Bell Finance Broker

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    You equate being rich to having a lot of money. A lot of people don't and are not motivated by this and you're applying your thinking to this and therefore they are lazy in your eyes. They just have a different viewpoint to you. Doesn't mean they're wrong or lazy. What you may be willing to sacrifice is more important to them than money.

    Rich to some might be living in a modest house surrounded by kids. Or rich may be traveling on a modest income or getting work where they settle for the short period of time (think Kathryn & Bob). Rich might be using their time to volunteer to give back rather than work to earn that extra bit of income to dominate the world.Rich might be having both parents at home for dinner instead of one doing double shifts for that extra income. Or rich to them is having what they want in life, whatever that may be.

    I wouldn't consider myself rich monetary wise compared to some of the people on here but I feel pretty rich in the sense that I enjoy what I do for a living (how many people can say that?), I have a loving husband and 2 furry friends to complete our family. I am fit and healthy and am able to do, mostly, what I want when I want. I may be lazy and not rich in your eyes but I feel pretty rich in life. I've just learnt what is important to me and what I am not willing to sacrifice on - you can always earn money but you can never get life or time back.

    Each to their own though - everyone has their way and shouldn't be judged because it's different to you.
     
    Last edited: 26th Sep, 2015
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  20. AndrewTDP

    AndrewTDP Urban Planning Consultant Business Member

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    Is it time for the monthly self congratulatory thread about how much better we are than other people already?

    @Kinnon Bell. Very well put. Agree 100%
     
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