Break These 7 Rules And Forget About Being Rich

GMngmt's picture
Rank: Senior Orangutan | 488

For those of you who want to wake up before the sun rises and eat Type B personalities for breakfast this is the first of a three part series on 21 Rules Of the Rich (And How You Can Emulate Them). This week will stress the importance of thinking like the wealthy. So if you're anything less than a 800-pound gorilla on WS [newly minted IB's], buck up and learn something to prove that you don't go to ladies bathroom. Read more to see my take on how to start kicking-ass all the way to the top...



So let's cut the chase and see how the wealthy THINK...


* POVERTY IS THE REAL EVIL
Somewhere growing up I heard, "Money is the root of all evil" and in the Catholic orthodoxy greed is the third deadly sin. In today's modern economy, money equals freedom and either you have it or someone else is taking it away. Those who aren't free envy those who are but rejecting greed is rejecting the freedom that money can bring.

* SELFISHNESS IS VIRTUOUS
Do you want wealth and women? Then be overt and demanding. Because if you play the nice guy shit prepare to get the same results...being single and a work slave. The wealthy do two things better than anyone else: they take and they make! You'd be surprised what you can get by simply asking, so say what you want and don't back down otherwise you'll just make excuses why things didn't happen the way you wanted them to.

* DREAM BIG & DREAM OFTEN
This one probably took me a fews years to get. Stop thinking about the good 'ol days! The wealthy mold their future the way they want and dream about it regularly. Instead, visualize yourself doing the very thing that you want [wealth, beautiful women, etc]. Also, this seems to have a subconscious effect on our brains and has been touted more popularly as the Law of Attraction.

* WEALTH BRINGS PEACE OF MIND
I enjoyed working on my finances when I was in my early 20's and I tended to a corporate approach. It's one reason why I majored in finance but now that I'm mostly on my own, it seems all I do is f*cking stress over money I don't have. Conversely, the wealthy know that money brings financial security, peace of mind, and mental calmness. The kind that allows you to wake up any RaNdOm day and take a vacation at the drop of a hat.

* FIND SOLACE IN UNCERTAINTY
Lazy slobs are content with working 9-5, coming home to watch the idiot box, and putting craters into their potato chip filled couch cushions. Sure, comfort is good when it's well deserved but doing it repetitively is just wasting. Wealthy people take actions to become wealthy not watch the other people live what they only dream. Push yourself out of your comfort zone and accept the uncertainty of being in a comfortable place until you create it.

* MARRIAGE OF FAMILY & WEALTH
There are those who get married, have kids, and when pressed say things like, "I chose a family over a business" as if somehow they're mutually exclusive. What you're really saying is you choose mediocrity as an excuse to cruise-control at a job instead of trying to better provide for your family. BS! A family shouldn't be a burden but instead be a motivator and the wealthy know they can have their-cake-and-eat-it-too! You're just focusing on what you can't do and your family is worse off because of your ineptness.

* MONEY SAVES LIVES
There is actually empirical evidence showing the more you make the better your health will be [Mullahy, Robert, Wenzlow, and Wolfe. 2004.] and if your only response is, "Well...at least I still have my health" then you're an idiot! According to the American Psychological Association, even if you make $100K you're not really better off [see here]. What this translates into is, "My life sucks but at least I'm not dead." Really? Maybe you should just past the time by until your chummy self is. Living longer is a worthwhile goal so while others are dying from being poor, man up and make your life healthier and happier.


If you've made it this far, I thank you for sticking it out through my long rant but I feel this is good stuff to share as I'm slowly going through a transformation and instead of keeping it to myself I thought it could help other monkey's get the most out of their time on WS.

The bottom line is: If you just graduated and are starting your IB career then practice these religiously to blow past your competition to get in, kick-ass, and move on.

NOW...GO DO IT!

Comments (33)

May 19, 2013

Nigerians work 24/7 and aren't rich. Why, OP, why?

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

May 19, 2013

Thanks for sharing OP!

May 19, 2013

Turn off the American Psycho bluray dude.

    • 1
May 19, 2013
GMngmt:

Those who aren't free envy those who are but rejecting greed is rejecting the freedom that money can bring.

This is moronic reasoning. Also, money does not equal freedom and you would know that if you had any.

In fact your whole post is a perfect way to never make money -- "selfishness is virtuous"? Did you even think before you wrote that? There is a difference between "taking" and "asking" just so you know.

You are not at liberty to be giving anyone on here any advice on how to make money. Please don't listen to this person.

May 19, 2013
Gangsta Killah Blood:
GMngmt:

Those who aren't free envy those who are but rejecting greed is rejecting the freedom that money can bring.

This is moronic reasoning. Also, money does not equal freedom and you would know that if you had any.

In fact your whole post is a perfect way to never make money -- "selfishness is virtuous"? Did you even think before you wrote that? There is a difference between "taking" and "asking" just so you know.

You are not at liberty to be giving anyone on here any advice on how to make money. Please don't listen to this person.

You can also argue that greed has never made a business owner any wealthier than if they were not greedy. Wouldnt make any difference on the bottom line whether or not they were greedy.

That said, I find it hilarious this is front paged. Selfishness is definitely NOT a virtue. Do you even know the meaning of virtue, op? Scrooge was definitely not the paragon of virtue. That said, fuck commies.

"...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."

  • Schopenhauer
May 19, 2013

the marriage and family thing is complete crap. it takes more than just money to raise a family to the best of your ability.

this whole article is crap, actually.

If your dreams don't scare you, then they are not big enough.

"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

May 19, 2013

I could go into the men's bathroom at a Denny's in the bad part of town, reach into the toilet, and grab out something that would be more valuable than this article.

May 19, 2013

My ass is bleeding from reading this. That can't be good.

May 19, 2013
BlackHat:

My ass is bleeding from reading this.

I bet OP enjoys this.

The Auto Show

May 19, 2013
BlackHat:

My ass is bleeding from reading this. That can't be good.

I can't believe this shit got front-paged.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

May 19, 2013

could easily be the douchiest article on WSO.

May 19, 2013

Yeah, this is probably one of the worst posts I've read in a while on WSO, maybe ever. Who front pages this stuff?

May 19, 2013

Why was this front paged? This can't represent WSO.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

May 19, 2013
May 19, 2013

This is awful. This guy produces some of the worst blog posts on here. I really hope this one isn't backed by WSO.

May 19, 2013

I like this "money >mental calmness" very true.

Did anybody bothered to read on his source ? There's a list of 21 there.

15. If you can't learn or earn from it, burn it. Yap -that's why Zuckerberg's drinking champagne while I'm having tap water.

    • 1
May 20, 2013

God, stop with the "game" articles. This is not WallStreetPlayboys.

May 20, 2013

Good stuff, keep it coming!

How big is yours?

    • 1
May 20, 2013

I followed the link in the OP. The dude who wrote that original article sounds like a douche but he's got some good stuff posted on his blog. Kind of like a douchey version of Tim Ferriss on riods. Also, his 30 Days of Discipline looks intriguing. Might actually pick it up.

The OP isn't all that bad either. Not sure why there is so much hate.

May 20, 2013

Why put this on the front page... Reflecting all the comments on here, I am going to have to throw my first sh.t to the OP

May 20, 2013

Wow...truckload of monkey sh*t thrown on this one.

"Now go get your f'n shinebox!"

May 20, 2013

This post gave me a stroke.

May 20, 2013

This is a perfect example of WSO regressing.

I feel like an old man every time Patrick asks for feedback and I always think WSO was better "back in the day". Well, here's a concrete example. That fact that this was posted is stupid, but unavoidable. The fact that someone from WSO thought this was front page worthy shows a serious deterioration in product.

This is clearly not scientific at all, but it seems to me that most of the crappiest FP stuff gets posted sometime between fri evening and mon morning. If there's a weekend editor - he/she needs to go. If the regular mod's are drunk on the weekends and dicking around on WSO that needs to stop too.

I've never been one to us silver bananas or monkey poop, but I'm about to find out how much poop I can throw at 1 post.

twitter: @CorpFin_Guy

May 21, 2013
accountingbyday:

This is a perfect example of WSO regressing.

I feel like an old man every time Patrick asks for feedback and I always think WSO was better "back in the day". Well, here's a concrete example. That fact that this was posted is stupid, but unavoidable. The fact that someone from WSO thought this was front page worthy shows a serious deterioration in product.

This is clearly not scientific at all, but it seems to me that most of the crappiest FP stuff gets posted sometime between fri evening and mon morning. If there's a weekend editor - he/she needs to go. If the regular mod's are drunk on the weekends and dicking around on WSO that needs to stop too.

I've never been one to us silver bananas or monkey poop, but I'm about to find out how much poop I can throw at 1 post.

Maybe its just a really subtle/satire type of work that is meant to enrage users so much at what WSO "has become" such that they rebel against it and institute a new golden age of content?

"...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."

  • Schopenhauer
May 20, 2013

greedy people steal virtuous people provide, both paths can make you rich but only one can make you happy

    • 1
May 20, 2013

I hate vague generalities, and this article is full of them. The entire point of the article seems to be "Don't be mediocre,be rich, because that's better.".

Good job pointing that out Einstein.

I could write a shitty little article detailing how I fucked up everything in my life, and even that would be a million times more useful than this shit (at least you'd know what NOT to do).

May 20, 2013

So you don't work in IB, yet your advising on how someone in the industry should approach their life? IDK man.

May 20, 2013

I haven't read the whole thing, but I do feel like he's getting more hate than needed. Greed and selfishness are good things, I'd agree with that. We can all see the good that was done for society through the greed of Capitalism, arguing that these are virtuous traits make sense. This thread looks like a class at Harvard saw it and went nuts in response.

    • 1
May 20, 2013

LOL.

This post is originally from an American guy (not the OP) who is living in Vietnam/China - making 2 grand a month from his blogging/writing while only spending 500/month due to lower expenses in Asia.

So, OP, the guy you're quoting on "rules of being rich" is a random blogger making net of 1500 a month.

Consider your sources next time.

May 20, 2013
GMngmt:

Stuff about being rich...

Oct 14, 2015
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