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I don’t mean to be rude but I am genuinely confused why this is interesting? The author is saying: “to be rich, save more than you spend”. Isn’t this obvious?
by Moodles 6y ago
I don’t mean to be rude but I am genuinely confused why this is interesting? The author is saying: “to be rich, save more than you spend”. Isn’t this obvious?
- andi999 6y agoHe said'the moment you save more than you spend you are rich' this is not obvious (and not true). Really rich means if a unsuspected big expense (medical bill e.g.) you can afford it.
- Moodles 6y agoI know. Also saving $0.01 after all expenses per month isn’t great either. I at least gave the benefit of the doubt and thought maybe he meant FIRE and the 4% rule eventually. But still, this is all kind of obvious and the story doesn’t seem particularly profound. Maybe I am missing something.
- andi999 6y agoThere story is later in life he got really rich, but if people ask him about it he gets into guru mode and claims he was rich before. Mildly interesting for the arrogance.
- renewiltord 6y agoHe's the guy who built and sold CD Baby. The way he did that is actually quite interesting (including the odd ownership structure he had to navigate) and he has lots of interesting things to say. But few people say only interesting things. And when generally interesting people say some incredibly boring things, people treat them as still interesting in some weird afterglow of the other things. So this post is entirely halofied by his other stuff. This is self help guru shit. Which is fine, right? He's writing the blog perhaps for himself and we may not be the intended audience. But that's what it is.
- Moodles 6y agoOh right. I hadn’t heard of him so I just read his words without context of who he was. To be honest, we should all try to separate the author from the words.