Thread: The rich get richer.... Poor get...

Performance based pay can be good, but it doesn't work/isn't fair in some sectors. Eg. performance pay for teachers based on student results. Low socio-economic school will always have lower results on the whole so why should the teacher in that school take a pay cut? OR you just wont get anyone to work there. Just one eg for you to ponder.

back to the topic though.

For me, rich is having enough money to pay the bills and enjoy myself (in my moderately non-materialistic lifestyle, and very cheap way). Poor is when I don't get to go camping or play in the shed on my latest project. I have chosen to only work 4 days a week at the moment, I get paid probably 1/2 what most of you get paid every week but that is ok really. I would prefer to be less stressed and be "richer" playing in the shed on my day off! O and for those of you who are going to say I'm lazy, you are probably correct but I have done my share of 6 days a week work too.

[QUOTE=rocmic;198748

perhaps we should all migrate back to Europe.[/QUOTE]

I suggest a small part of our population would agree with you. After all ,before the Europeans came here they considered themselves rich, in spirit and natural assets. Being 'rich' or 'poor' is a state of mind, you can have very little, and still be happy, or be rolling in it, and be miserable. My experience is, of those who hop on the upwardly mobile merry-go-round, only a few are smart enough to lead a balanced lifestyle, mixing work, family, & life in a healthy way. Most of the others are too busy killing themselves trying to earn money to keep up with the Jones's. Bob

There is another strong factor in this arguement...willingness to take risk.

I have seen many people who have had excellent skills pass on opportunities because it involved moving interstate or putting skin in the game eg using their house as equity to start a business.

Equally I have seen other people with less skill or qualifications who were willing to put it on the line, take the risk, back themselves and have been very successful.

I don't think it unreasonable for the people who take the risk to accept the reward if it is there.

You have all overlooked one very important thing.
Good health is wealth! It gives us the ability and freedom to be able to enjoy the fruits of our labour.
I do agree that some people haven't had a lucky break in life or haven't been able to recognise the opportunity to run with it and improve their situation. Others have got off their butts and gone looking for their lucky break!
One thing is for sure, just because some people look wealthy and have all the toys doesn't mean they are!
Not all wealthy people flaunt their money.



Cheers, Mick.

Originally Posted by dullbird

now can you tell me what I have to do to get richer? because it aint gunna happen in my job anytime soon

Right there is the classic mistake. The deciding factor isn't how much you earn. It is how much you spend and what you spend it on. (With the proviso that you aren't making less than you need to eat and have somewhere to sleep)

If you have expensive hobbies (I did see horses mentioned) then that is a choice. An alternative choice would be to invest the horse money and get a cheaper hobby! (knitting anyone?).

A short story about my own money problems.
Growing up I owned(bank really) a unit.After that a house,then I owned a nursery...went bankrupt...that was due more to the weather than anything else(we went into a drought at the time).
My brother who is a stockbroker lent me $5g to get me back on my feet.
After the usual ups and downs of the stockmarket,buying and selling and the current shape of the sharemarket(not good).
That original $5 thou is now worth over $340 thou.
That will get me the house that I want down the coast without having to go to the bank asking for a loan(not that they would give me one--too old lol).
I totally agree with Tombie,if you dont get off your ass and do something to help yourself you will never get anywhere.
Have always been interested in shares so when I retire(could be next year if the contract doesnt get renewed)I will still have a finger in the pie so to speak.

cheers

Originally Posted by Tombie

You mean have a mindset not aligned to their capability or skill set...

See you trying to make it black and white again, how does a single income father with kids and a mortgage and a low income afford to go to tafe or whatever to earn a new trade ? And if there are no training institutions close by what then ?

Originally Posted by loanrangie

See you trying to make it black and white again, how does a single income father with kids and a mortgage and a low income afford to go to tafe or whatever to earn a new trade ? And if there are no training institutions close by what then ?

For starters he could sell the house and rent something that is cheaper than the mortgage repayments / upkeep / etc. This hypothetical rental property could be closer to training institutions, etc.

There is almost always an answer, it just so happens that sometimes the answer isn't attractive to those asking the question.