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by Anonymous on August 17th, 2008
First, I would like to say it does not matter how much money a person makes from a job or business ownership. The important thing is what someone does with the money he/she makes.
I know people who make $500,000 a year, who most people would consider rich, and they have a huge amount of debt. I also know people that make $20,000 a year, who people would consider poor, and are now retired millionaires with no debt.
So what makes rich people rich? Rich people save more money than they spend, and poor people spend more money than they make. The fact that someone makes $500,000 a year means nothing if he/she sends everything. At the end of the year that person's net worth is $0. While on the other hand a person that only makes $20,000 a year and saves $1,000 at the end of the year that person is $1,000 richer. The person who makes $20,000 in this case is richer than the person making $500,000 a year.
It's just that simple.
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Comments
Although what makes a person rich and what makes a person poor IS simple, you did not explain it. You get a minus eleventy from me.
by Nevermind on August 12th, 2009
I think you explained it just fine, some people just dont know how to understand what they read very well; ill give you an eleventy and raise you twenty.
by President Norris 2016 on August 12th, 2009
Well it sure is the "Top [Shi-] Answer".
by Nevermind on August 12th, 2009