Comments on: Pros And Cons of Being Rich http://amateurassetallocator.com/2008/03/26/pros-and-cons-of-being-rich/ Amateur Asset Allocator Wed, 17 Mar 2010 20:46:21 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Sairah http://amateurassetallocator.com/2008/03/26/pros-and-cons-of-being-rich/comment-page-1/#comment-1198 Sairah Fri, 04 Apr 2008 22:08:13 +0000 http://amateurassetallocator.com/2008/03/26/pros-and-cons-of-being-rich/#comment-1198 I've always felt that being ultra-rich is more of a pain than a help. I just don't want to worry about money- gaining or losing it, equally. I’ve always felt that being ultra-rich is more of a pain than a help. I just don’t want to worry about money- gaining or losing it, equally.

]]> By: Weekend Link Love 3-29-08 | Amateur Asset Allocator http://amateurassetallocator.com/2008/03/26/pros-and-cons-of-being-rich/comment-page-1/#comment-1153 Weekend Link Love 3-29-08 | Amateur Asset Allocator Sat, 29 Mar 2008 15:20:44 +0000 http://amateurassetallocator.com/2008/03/26/pros-and-cons-of-being-rich/#comment-1153 [...] Jackpot Doesn’t Mean Becoming Instantly Happy by Erica Douglass I wrote a short post on the pros and cons of being rich earlier in the week. Well, Erica actually managed it. Her post is much better than mine. You should [...] [...] Jackpot Doesn’t Mean Becoming Instantly Happy by Erica Douglass I wrote a short post on the pros and cons of being rich earlier in the week. Well, Erica actually managed it. Her post is much better than mine. You should [...]

]]> By: ericabiz http://amateurassetallocator.com/2008/03/26/pros-and-cons-of-being-rich/comment-page-1/#comment-1145 ericabiz Thu, 27 Mar 2008 08:08:31 +0000 http://amateurassetallocator.com/2008/03/26/pros-and-cons-of-being-rich/#comment-1145 Hi Kyle! I actually wrote a blog post about this phenomenon when I sold my business and "temporarily retired" last year. http://www.erica.biz/2007/hitting-the-jackpot-doesnt-mean-instantly-becoming-happy/ I did buy a new car (mine was old) and some nice artwork, but besides that, little in the way of "creature comforts" has changed. I still spit a 960sq.ft. 3BR duplex with my boyfriend, and, in fact, went through a huge "stuff purge" since I hadn't done a huge cleaning spree in ages. As far as "retirement" goes (which I put in quotes because I now do a lot of blogging and am organizing a conference), I think the best thing about it is that it really gave me time to focus on what I wanted out of life. Taking 6 months completely off, with little fear of how to pay for things, has changed my perspective and I've grown immensely. At first I found myself bored, but now I buy a ton of books on Amazon, work out 3x a week, blog, go to conferences, go out to lunch and dinner with interesting people, and plan my conference. I have more freedom now and I hope to never have to trade that for a job I don't love. To me, the pros far outweigh the cons. If I do start working full-time again, it will be for something (some thingS?) that I am truly passionate about, instead of just for a paycheck. I will work because I love what I do, with no obligation other than to myself, my goals and my commitments. It is a feeling that is unmistakably bliss, and something I strongly believe that others should strive for. To that end, I'm encouraged to see you striving for financial freedom as well. Keep it up...you won't regret it. P.S. I decided to not buy a house until 2010 (most likely) since the market here in CA is tanking and it would be twice as expensive to own as to rent. I'd rather invest my money and live off the proceeds. -Erica Hi Kyle!

I actually wrote a blog post about this phenomenon when I sold my business and “temporarily retired” last year.

http://www.erica.biz/2007/hitting-the-jackpot-doesnt-mean-instantly-becoming-happy/

I did buy a new car (mine was old) and some nice artwork, but besides that, little in the way of “creature comforts” has changed. I still spit a 960sq.ft. 3BR duplex with my boyfriend, and, in fact, went through a huge “stuff purge” since I hadn’t done a huge cleaning spree in ages.

As far as “retirement” goes (which I put in quotes because I now do a lot of blogging and am organizing a conference), I think the best thing about it is that it really gave me time to focus on what I wanted out of life. Taking 6 months completely off, with little fear of how to pay for things, has changed my perspective and I’ve grown immensely. At first I found myself bored, but now I buy a ton of books on Amazon, work out 3x a week, blog, go to conferences, go out to lunch and dinner with interesting people, and plan my conference. I have more freedom now and I hope to never have to trade that for a job I don’t love.

To me, the pros far outweigh the cons. If I do start working full-time again, it will be for something (some thingS?) that I am truly passionate about, instead of just for a paycheck. I will work because I love what I do, with no obligation other than to myself, my goals and my commitments. It is a feeling that is unmistakably bliss, and something I strongly believe that others should strive for. To that end, I’m encouraged to see you striving for financial freedom as well. Keep it up…you won’t regret it.

P.S. I decided to not buy a house until 2010 (most likely) since the market here in CA is tanking and it would be twice as expensive to own as to rent. I’d rather invest my money and live off the proceeds.

-Erica

]]>