2thseeker
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define 'rich'. if you make 100K, then 1000K is rich, if you make 50K then 150K is rich, if you make 20K, then 80K is rich.
Everyone should save more than they need; cause you never know when you will need it. Life happens. |
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AGHOST
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To give it to Bill Gates!
Paul Getty installed a pay phone in his house! |
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andy
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Because that is why they are rich. I worked with a chief engineer who drove really inexpensive cars and has a MBA in fiance and management who is most likely a millionaire. He lives in a modest house and has a modest lifestyle and he is happy. Most rich people do the same thing. |
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andrew f
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If 'rich people', as you call them, didn't save more money than they 'need', they would not have the funds to invest in new businesses and you would not have a job. |
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silly2002
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Why the rich stay rich and the poor stay poor.
Give a poor person 500 dollars and they spend 495 and save 5.
Give a rich person 500 dollars and they spend 5 dollars and save 495. |
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Wise ol' owl
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Rich and poor are both states of minds. Broke is a condition that results in poor choices; sometimes being stuck on stupid way too long. Rich people amass wealth and success by saving. If it works, then do it. Recommended reading: "Rich Dad-Poor Dad", and "The Millionaire Mind".
Poor people buy what they want and beg for what they need.
Dave Ramsey; a syndicated radio show host, twice millionaire, once bankrupt teaches a course (lifestyle changing) called Financial Peace University. He says, "If you live like no one else, then you will be able to live like no one else." He's talking about saving and investing wisely. |
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Allen
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When they have money, they dont need to take out loans and overdrafts, so they are not paying interest.
They have loads of money in the bank, so they are actually gaining more money from interest, as well as their earnings, so are contiually earning more money than the poorer people. |
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Romeo
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I will tell you when I become rich! . . . . .
A possible explanation could be that if they have moron spending habits, they would never be rich! |
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dawn18417
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because they like money as much as a fat person likes cake. |
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fire4511
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Who are you to decide what someone else needs? People save for the future, so that they can enjoy life!! |
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Gloom and Doom
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So no one else can have it! |
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Lori A
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Two reasons:
1. They don't want to end up broke (and not keeping good reserves makes it really easy to go broke), and
2. They got rich by developing the good habits of saving and investing, so those solid habits are second nature. |
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mole
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u can never be 2 rich. i have 50 million and im still saving. pretty soon ill be able to give up work and live off the interest. thats why we save |
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countrykarebare
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bank interest. |
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BackMan
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The same reason why poor people take out credit they can't afford,,," Because they can" |
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homerunhitter
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I wrote, and then taught, a college course entitled Family Financial Security. One of the overriding thesis is: save and invest. What you perceive as 'rich' are people who learned and implemented this philosophy and made it a way of life. It is, in fact, a way of life. |
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angel
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because saving is what got them rich to begin with and in most people's minds you can never be too rich. |
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Danny M
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Thats how they get rich n stay rich. Then teach their kids to be just as tight. |
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a khan
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because they gets left with some extra money after their basic needs, some decided to live with basics and invest the rest which makes them rich,others decides to live in luxury and inevest less/none the rest of left over, |
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