Comments on: Why Rich isn’t Rich; Proposing an Alternate Definition http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/ Articles on game theory and personal finance Sun, 20 May 2012 23:31:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Presh Talwalkar http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/comment-page-1/#comment-1855 Presh Talwalkar Fri, 30 May 2008 05:16:37 +0000 http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/#comment-1855 <b><em>Evangeline</b></em>: Glad I could help! Another way to look at the situation is that you can reach maximum happiness without lots of money. The most comfortable couch was not my friend's Italian leather sofa, but a free one I got in college. The best exercise I had was walking with my friends along the beach shore, not in a gym with a $100 monthly fee. When you have found happiness, your sole goal is to preserve it by reducing risk. That means things like income stability, insurance, quality of health become much more important than chasing the almighty dollar. You sounds like you are there, and I applaud you :) Evangeline: Glad I could help! Another way to look at the situation is that you can reach maximum happiness without lots of money. The most comfortable couch was not my friend’s Italian leather sofa, but a free one I got in college. The best exercise I had was walking with my friends along the beach shore, not in a gym with a $100 monthly fee.

When you have found happiness, your sole goal is to preserve it by reducing risk. That means things like income stability, insurance, quality of health become much more important than chasing the almighty dollar.

You sounds like you are there, and I applaud you :)

]]> By: Evangeline http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/comment-page-1/#comment-1853 Evangeline Thu, 29 May 2008 08:44:56 +0000 http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/#comment-1853 That is what I love about your article. I can relate to being a "moderately wealthy person having a great time". That is how I now define myself (after reading your article). Whereas after reading Robert Kiyosaki's book, I felt like I was not rich enough. I dont like that feeling. So now I think: I am rich because I have a nice balance of money and time (not as much as Robert Kiyosaki) but enough to "feel" rich. Thanks for making me see things from a different perspective. That is what I love about your article. I can relate to being a “moderately wealthy person having a great time”. That is how I now define myself (after reading your article). Whereas after reading Robert Kiyosaki’s book, I felt like I was not rich enough. I dont like that feeling. So now I think: I am rich because I have a nice balance of money and time (not as much as Robert Kiyosaki) but enough to “feel” rich. Thanks for making me see things from a different perspective.

]]> By: Presh Talwalkar http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/comment-page-1/#comment-1852 Presh Talwalkar Wed, 28 May 2008 18:43:22 +0000 http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/#comment-1852 <b><em>Evangeline</b></em>: Thank you for your kind words :) I had a different reaction after reading "Rich Dad, Poor Dad." I initially felt youthful motivation but after trying some tactics, I found myself surrounded by people I didn't like and people who weren't enjoying their lives. Along the way I saw moderately wealthy people having a great time. And that has made all the difference. Evangeline: Thank you for your kind words :)

I had a different reaction after reading “Rich Dad, Poor Dad.” I initially felt youthful motivation but after trying some tactics, I found myself surrounded by people I didn’t like and people who weren’t enjoying their lives. Along the way I saw moderately wealthy people having a great time. And that has made all the difference.

]]> By: Evangeline http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/comment-page-1/#comment-1849 Evangeline Wed, 28 May 2008 10:47:59 +0000 http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/#comment-1849 Presh, this is the best article I have read on money. Reading "Rich Dad Poor Dad" left me feeling cold...and now I understand why. Presh, this is the best article I have read on money. Reading “Rich Dad Poor Dad” left me feeling cold…and now I understand why.

]]> By: Presh Talwalkar http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/comment-page-1/#comment-1754 Presh Talwalkar Fri, 09 May 2008 22:34:06 +0000 http://mindyourdecisions.com/blog/2008/05/07/why-rich-isnt-rich-proposing-an-alternate-definition/#comment-1754 <b><em>Jemimah Ruhala</b></em>: Thank you for sharing your story--it is inspiring for all of us. You hit on some great points: how formal education doesn't prepare you to find meaningful purpose, how career advancement isn't necessarily the path to happiness, and how money is a means to an end. I would like to learn from you, and I think we all could benefit. Would you be interested in writing a guest post? Send me an email if you are interested presh@mindyourdecisions.com Thanks. Jemimah Ruhala: Thank you for sharing your story–it is inspiring for all of us. You hit on some great points: how formal education doesn’t prepare you to find meaningful purpose, how career advancement isn’t necessarily the path to happiness, and how money is a means to an end.

I would like to learn from you, and I think we all could benefit. Would you be interested in writing a guest post? Send me an email if you are interested presh@mindyourdecisions.com

Thanks.

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