Comments on: How Long Do I Have to Act Poor Until I’m Rich?

By: Jeremy Johnson

Jeremy Johnson — Wed, 20 Oct 2010 05:14:21 +0000

Ryan, are you coming back to this website?

By: innocriss

innocriss — Sun, 12 Sep 2010 02:31:15 +0000

Hey Ryan,
i believe frugal living is the best option. Frugal living don’t necessarily mean; living like a poor man. it’s just a matter of not spending foolishly.
innocriss´s last blog ..Avoid impulse spending

By: Andrew

Andrew — Thu, 09 Sep 2010 16:18:08 +0000

I would say to even act poor once you do achieve a level of wealth. The worst would be to fall back into debt and bad habits. Look at some of these famous athlete. Granted they didn’t act poor to get wealthy, but it’s so easy to go from rich to poor again.

By: Tracy

Tracy — Wed, 01 Sep 2010 02:56:31 +0000

I completely disagree with that statement at the beginning. We are not all rich. People struggle everyday just to make ends meet. Plus the economy is down so its even harder for the average person to make ends meet, no less having a luxurious item such as cable. People are in tough times right now.

By: Mandeep

Mandeep — Sun, 29 Aug 2010 20:21:50 +0000

I like your comparison of different countries, Most people of the middle class in developed countries are “rich”, compared to middle class folks in other parts of the world.
Mandeep´s last blog ..4 Tips- How are Meta Tags Used by Search Engines

By: Van Living Larry

Van Living Larry — Sun, 29 Aug 2010 18:54:36 +0000

If you really want to cut your expenses to the bare minimum, consider van living. It may not sound like the ideal lifestyle, but if someone is determined, they could do it for at least a year or so, and save a ton of money on rent, utilities, gas. Think about it.

Larry

By: Ryan Where Are You?

Ryan Where Are You? — Fri, 27 Aug 2010 07:41:01 +0000

Hey Ryan,

what is going on? There’s no word from you for more than a month. Are you on vacation? Or maybe you became financially free but did not have time to share it with us yet .

Anyways, you have a wonderful way of thinking and I would like to read more of you.

By: Early Retirement Extreme

Early Retirement Extreme — Mon, 16 Aug 2010 07:00:36 +0000

Well..uh … living rich is not about how much one spends as much as it is about how one spends.

Also, in terms of peace of mind, it’s a lot better to be wealthy, that is, have a lot of assets compared to one’s expenses, than being rich, that is, having enough income to cover one’s expenses—as opposed to being broke which is the opposite of rich.

Rich and broke and two sides of the same coin.

The sides of the other coin are wealthy and poor.

Hence, if you live poor, you’ll become wealthy.

If you life rich … well, there’s a chance … which a lot of people learned in this recession. I question whether it’s worth it.
Early Retirement Extreme´s last blog ..The last pair of boots I’ll ever buy

By: Jim

Jim — Fri, 13 Aug 2010 19:09:40 +0000

it is not easy to lower your expenses drastically but if you do some small things like car pool or make dinner a few times a week, it can have a positive mental and economic impact.

By: Doug Warshauer

Doug Warshauer — Fri, 13 Aug 2010 13:11:30 +0000

There are a couple of ways to approach this question. If it’s about living within your means until you can build up your income enough to be ‘rich’, than the answer depends on how long it will take to build up your income. This is the approach I prefer.

If it’s instead about living BELOW your means now so you can live richly later, even if your income hasn’t necessarily grown much, than the answer (for most people) is probably not to try. It makes more sense to balance your spending over your lifetime than to back-load the majority of it. That doesn’t mean don’t save – there are plenty of things in life that require significant saving – but it does mean that living poor now to live rich later isn’t something that makes sense for most people.