Comments on: How Rich People Spend Their Time http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx An Offbeat Look at what Makes the World Go Round Sun, 21 Feb 2010 17:32:17 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Alba fan http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx/comment-page-1#comment-1349 Alba fan Mon, 14 Jul 2008 04:09:35 +0000 http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx#comment-1349 Those that are rich and work all the time seem to be of a certain personality. If you work all the time and are not happy, perhaps you were not meant to be rich and would be better off with a middle class lifestyle that makes you happy with free time to enjoy/relax. Is working all the time to be rich worth it? Or is working less to enjoy your time a waste of what could have been? I think about this stuff all the time. Those that are rich and work all the time seem to be of a certain personality. If you work all the time and are not happy, perhaps you were not meant to be rich and would be better off with a middle class lifestyle that makes you happy with free time to enjoy/relax. Is working all the time to be rich worth it? Or is working less to enjoy your time a waste of what could have been? I think about this stuff all the time.

]]> By: Weekend Link Love And Carnival Roundup | Amateur Asset Allocator http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx/comment-page-1#comment-1319 Weekend Link Love And Carnival Roundup | Amateur Asset Allocator Sun, 06 Jul 2008 18:33:19 +0000 http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx#comment-1319 [...] How The Rich Spend Their Time by Smart Money Daily.  Surprise surprise, wealthy people spend less time being idle and more time being productive.  The poor, on the other hand… [...] [...] How The Rich Spend Their Time by Smart Money Daily.  Surprise surprise, wealthy people spend less time being idle and more time being productive.  The poor, on the other hand… [...]

]]> By: Wednesday Roundup - 2 July 2008 | Weak Wallet http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx/comment-page-1#comment-1310 Wednesday Roundup - 2 July 2008 | Weak Wallet Wed, 02 Jul 2008 15:47:53 +0000 http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx#comment-1310 [...] Money Daily talked about how rich people spend their time.  I think this is valid; the harder I work, the more money I save - simply because I don’t [...] [...] Money Daily talked about how rich people spend their time.  I think this is valid; the harder I work, the more money I save – simply because I don’t [...]

]]> By: garage floor mats http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx/comment-page-1#comment-1309 garage floor mats Tue, 01 Jul 2008 08:31:39 +0000 http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx#comment-1309 There is a very simple explanation to your question, really. Ask yourself: how do the rich get to be rich? Answer: very hard work (there are exceptions of course, but most of them get to be rich through hard work). Working so hard in order to get there means less time watching tv and other relaxing activities. And once you get into the game, it is hard to get out. This is all there is to it, really. There is a very simple explanation to your question, really. Ask yourself: how do the rich get to be rich? Answer: very hard work (there are exceptions of course, but most of them get to be rich through hard work). Working so hard in order to get there means less time watching tv and other relaxing activities. And once you get into the game, it is hard to get out. This is all there is to it, really.

]]> By: Mike http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx/comment-page-1#comment-1308 Mike Mon, 30 Jun 2008 21:28:03 +0000 http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx#comment-1308 Despite what Obama and Hillary say, if you depend on wages (regardless of how high they are) for your livelihood, you aren't rich. $300,000 per year is not rich if you have to go to work every day and pay taxes at the highest marginal rate. Those who are truly rich could hang up the daily grind without missing a beat. Having a good income is not the same as being rich. Despite what Obama and Hillary say, if you depend on wages (regardless of how high they are) for your livelihood, you aren’t rich. $300,000 per year is not rich if you have to go to work every day and pay taxes at the highest marginal rate. Those who are truly rich could hang up the daily grind without missing a beat. Having a good income is not the same as being rich.

]]> By: Brother of a Sad story http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx/comment-page-1#comment-1307 Brother of a Sad story Mon, 30 Jun 2008 19:14:22 +0000 http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx#comment-1307 My brother has accumulated significant wealth, makes close to $2 million per year. I wouldn’t want any of it. He’s a corporate lawyer and works 7 days a week. No joke. He’s up and out to work at 5:30 am, and is at his desk at 6:30. Works till 9 or 10 pm and is home at 11. He barely sees his kids during the week (unless they stumble in drunk or high after him) and has forgotten what it’s like to have a wife. The weekends are no different. Most Saturdays he’s in the office for 5 or 6 hours, then home for lunch with the kids and wife (if she and the kids are home), then back into the home office for another 4 hours in the evening. Sunday’s are spent doing work for only 3 or 4 hours. Kids are usually not home when he has an hour to catch up with them and most Sunday’s he’ll have dinner alone. Summer weekends are spent at the beach house that we (regular Joe’s, I’m an electrician by profession) all envy at but he doesn’t enjoy it. The kids are no where to be found, while he’s inside working on the laptop, talking with the office or doing conference calls with clients. Mind you now, this is the weekend!!!! His marriage is probably going to fail. She has no interest in him anymore and probably has some side action. He knows it too, and has commented that he doesn’t blame her. He’s just a $ sign to her now. I went to see him on Memorial Day weekend (he was alone) and I happen to be outside when these people slowly drove by. Their mouths were hanging open at the sight of my bro’s house. I wanted to run after them and tell them what that wealth really brought. Most of these “wealthy” people would trade it all in for a happy marriage, time with their kids and just peace of heart and mind. I occasionally ask him why he just doesn’t give it up and get his life back. His reply is that he wouldn’t know what else to do. All the “important” things (happy marriage and being a part of his kid’s lives) are too far gone to save now. At least if he brings home the bacon, they’ll stick around (for now). When the $$$ end, so will the marriage and the kids will split. Sad. My brother has accumulated significant wealth, makes close to $2 million per year. I wouldn’t want any of it. He’s a corporate lawyer and works 7 days a week. No joke. He’s up and out to work at 5:30 am, and is at his desk at 6:30. Works till 9 or 10 pm and is home at 11. He barely sees his kids during the week (unless they stumble in drunk or high after him) and has forgotten what it’s like to have a wife. The weekends are no different. Most Saturdays he’s in the office for 5 or 6 hours, then home for lunch with the kids and wife (if she and the kids are home), then back into the home office for another 4 hours in the evening.

Sunday’s are spent doing work for only 3 or 4 hours. Kids are usually not home when he has an hour to catch up with them and most Sunday’s he’ll have dinner alone. Summer weekends are spent at the beach house that we (regular Joe’s, I’m an electrician by profession) all envy at but he doesn’t enjoy it. The kids are no where to be found, while he’s inside working on the laptop, talking with the office or doing conference calls with clients. Mind you now, this is the weekend!!!!

His marriage is probably going to fail. She has no interest in him anymore and probably has some side action. He knows it too, and has commented that he doesn’t blame her. He’s just a $ sign to her now. I went to see him on Memorial Day weekend (he was alone) and I happen to be outside when these people slowly drove by. Their mouths were hanging open at the sight of my bro’s house. I wanted to run after them and tell them what that wealth really brought. Most of these “wealthy” people would trade it all in for a happy marriage, time with their kids and just peace of heart and mind.

I occasionally ask him why he just doesn’t give it up and get his life back. His reply is that he wouldn’t know what else to do. All the “important” things (happy marriage and being a part of his kid’s lives) are too far gone to save now. At least if he brings home the bacon, they’ll stick around (for now). When the $$$ end, so will the marriage and the kids will split. Sad.

]]> By: Carnival of Personal Finance, #159: The First Zero-Emissions City | Greener Pastures: Personal Finance http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx/comment-page-1#comment-1304 Carnival of Personal Finance, #159: The First Zero-Emissions City | Greener Pastures: Personal Finance Mon, 30 Jun 2008 06:16:46 +0000 http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx#comment-1304 [...] from Smart Money Daily presents How Rich People Spend Their Time, and says, “Have you ever thought about what it really means to be [...] [...] from Smart Money Daily presents How Rich People Spend Their Time, and says, “Have you ever thought about what it really means to be [...]

]]> By: JS http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx/comment-page-1#comment-1297 JS Fri, 27 Jun 2008 17:33:55 +0000 http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx#comment-1297 Thanks Moneymonk, I didn't catch it, but I'll see if I can find it online, sounds pretty interesting. Thanks Moneymonk, I didn’t catch it, but I’ll see if I can find it online, sounds pretty interesting.

]]> By: Moneymonk http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx/comment-page-1#comment-1296 Moneymonk Fri, 27 Jun 2008 15:50:03 +0000 http://www.smartmoneydaily.com/personalfinance/how-rich-people-spend-their-time.aspx#comment-1296 Did u catch CNBC last night, they profile "Untold wealth" the lives of the Uber rich $10 million is now considered a middle class millionaire. Because the Billionaires have the penthouse apts with the nice views. Having a net worth of 10 million. This lady only could afford a small apt. Then again this is Mahattan we're talking about. Did u catch CNBC last night, they profile “Untold wealth” the lives of the Uber rich

$10 million is now considered a middle class millionaire. Because the Billionaires have the penthouse apts with the nice views. Having a net worth of 10 million. This lady only could afford a small apt.

Then again this is Mahattan we’re talking about.

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