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Five habits of millionaires
Old 05-06-2005, 10:28 PM   #1
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Five habits of millionaires

http://content.salary.monster.com/ar...id;orlpn;art01

Apparently money DOES buy happiness.
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Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Five habits of millionaires
Old 05-07-2005, 02:31 AM   #2
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Re: Five habits of millionaires

Makes sense in general. A FI person can spend more time doing what they enjoy doing, instead of what they have to.
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Re: Five habits of millionaires
Old 05-07-2005, 07:12 AM   #3
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Re: Five habits of millionaires

"Avoid the Earn To Spend Mentality" Reminds me of the "What are you saving for " thread. Save for its own sake; I say, I say.
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Re: Five habits of millionaires
Old 05-07-2005, 08:54 AM   #4
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Re: Five habits of millionaires

The article's point is LBYM; Decide what you want/need; and stay the course.

Hmmmm.. Seems that we've heard this logic before.
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Re: Five habits of millionaires
Old 05-07-2005, 10:41 AM   #5
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Re: Five habits of millionaires

Quote:
Originally Posted by BUM
"Avoid the Earn To Spend Mentality" Reminds me of the "What are you saving for " thread. Save for its own sake; I say, I say.
(Raising up a tall glass of his favorite draft to toast) Aye aye. I second that.

It's all about that whole "see what you can grow on your own" concept. Of course, that doesn't seem to fly when I use that excuse to explain the growing pile of papers and other unidentified objects amassing on my desk.
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Re: Five habits of millionaires
Old 05-08-2005, 11:03 AM   #6
 
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Re: Five habits of millionaires

I like the "Eat more pizza" advice. * I'm going to work on that.
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Re: Five habits of millionaires
Old 05-08-2005, 11:17 AM   #7
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Re: Five habits of millionaires

Dont forget to do your homework too...
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Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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