Comments on: An email from my friend Samira http://www.iwillteachyoutoberich.com/blog/an-email-from-my-friend-samira/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sun, 12 Feb 2012 18:46:58 +0000 hourly 1 http://wordpress.org/?v= By: Nikhil Sharma http://www.iwillteachyoutoberich.com/blog/an-email-from-my-friend-samira/#comment-49333 Nikhil Sharma Sun, 27 Jan 2008 04:51:00 +0000 http://www.iwillteachyoutoberich.com/blog/an-email-from-my-friend-samira#comment-49333 I realize this an old article and doesn't really have the content of some others, and also that I might be reading too much into it, but it made me think of something. When I think of "become rich", I think of some kind of crackpot formula: "do x, y, z, and you will have 1 million dollars". "Become" also implies that being rich is a one-time thing, and that it exists objectively for everyone to achieve. When I think of "be rich", I think of the behaviors that rich people already have, like being conscious of spending and measuring their performances. Under this view I also think it's possible for the person who earns 10k/year who has a solid savings plan, who thinks about where his/her money is going, and who sometimes forgoes instant gratification in favor of future security, as "richer" than the person who earns 300k/year, doesn't touch his/her money after receiving a check, who doesn't track anything, etc. I realize this an old article and doesn’t really have the content of some others, and also that I might be reading too much into it, but it made me think of something.

When I think of “become rich”, I think of some kind of crackpot formula: “do x, y, z, and you will have 1 million dollars”. “Become” also implies that being rich is a one-time thing, and that it exists objectively for everyone to achieve.

When I think of “be rich”, I think of the behaviors that rich people already have, like being conscious of spending and measuring their performances. Under this view I also think it’s possible for the person who earns 10k/year who has a solid savings plan, who thinks about where his/her money is going, and who sometimes forgoes instant gratification in favor of future security, as “richer” than the person who earns 300k/year, doesn’t touch his/her money after receiving a check, who doesn’t track anything, etc.

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