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One of the most important differences between rich people and non-rich people: Rich people plan for things before they need them, while others are caught treadi
by delano 18y ago
One of the most important differences between rich people and non-rich people: Rich people plan for things before they need them, while others are caught treading water when something bad happens. Think about how to apply this to your life.
If I'm being really optimistic, I can take this to mean, rich people become rich because they plan ahead and non-rich people stay non-rich because they don't. I have to be really optimistic to read it that way and it's dubious advice anyhow.
So let's take the analogy a bit further. We have a person treading water. They know they need to figure something out because they can't tread water indefinitely. Then something bad happens. Crap, maybe a shark shows up or a lightning storm rolls in, whatever it is, it's not cool. Ramit Sethi leans in to give this poor person some advice. "Let me tell you something. You could be rich right now if you had just planned ahead."
Useless!
- JabavuAdams 18y agoThis reminds me of the guy at work whose proposed solution to any problem is "well, this would never have happened if we'd done X." You know the guy. O Rly? Well okay, we'll just invent a time-machine, go back in time to when this stupid decision was made, convince those in charge not to make it, and then make some other stupid mistake. I think it's very valuable to analyze and to learn from mistakes, but in the middle of a crisis, you need to first get out of the crisis. The real problem is that financially speaking, most of the US is in crisis-mode all the time, without even realizing it. Most USians won't get rich (by US standards), but many more might be able to get out of the living month-to-month quagmire.