The Get Rich Quick Fallacy

Hero

I launched FinanceSuperhero in April 2016 to help others save money, get out of debt, earn more money, and live the best life possible. Send me an e-mail or a comment if I can help you in your journey. Thanks for reading!

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21 Responses

  1. Thank you again for the excellent guest post, Elsie! My favorite excerpt among many fine points is this:

    When money itself is the destination we are always two steps behind the goal.

    Rich is no more a destination than perfect health or complete knowledge. Embarking on the path to riches is a relinquishment of your own personal power in favor of the idea that status and wealth will make you a better person.

    This is thought provoking, and I enjoy the rest of your thought process which follows. I’m eager to read what others think, as well.

  2. ZJ Thorne says:

    If I had a million, I would go straight to my favorite nonprofit in my city, because the woman who runs it has been getting homeless lgbt youth off the street and into safety for decades. Whether she has money or not, she takes care of the most marginalized in my community. I try to imagine how much more effective she would be with money.

    • Elsie Brown says:

      I’m always inspired by people who find it in themselves to help people, even when they themselves don’t have much to give. Helping people always makes me feel better no matter where I’m at.

  3. Nice work Elsie! You are going at this from such a great angle. If the inside is not aligned with living richly, the outside will never prosper from being rich. And I hate that word too. My life is incredibly rich and we don’t need much money to have that. Keep surrounding yourself with people who have that same feeling and you will always be rich!

    • Elsie Brown says:

      Thank you Vicki. I agree with your point about surrounding yourself with the right people. I want people around me who have the same goals and who will build me up rather than tear me down. I think loving yourself has a lot to do with the company you choose to keep as well. You put people around you who will make you feel good about you.

  4. Oh Elsie – such truth! I agree 100%, especially after a long weekend spent with family, where we barely spent a penny… those days really reminds you what it is that makes you happy. I also think that there are different subconscious incarnations of the word “rich,” and some of them are utterly grotesque to me. Such a good example – I have a family member who lives in one of the richest most expensive suburbs in the country. When I drive around her neighborhood, I swoon over the beautiful greenery, the Tudor architecture, the well planned, walkable streets. It is… rich. But lovely, you can see how the heart gravitates to it honestly. It’s like the Shire for God’s sake! But then I come into contact with the people she is surrounded by, and I have to admit , and God forgive me – I cannot stomach most of them! I’m sorry, I can’t help it! I will just say, they are nothing like Hobbits. So I look at my husband and say, if we were rich and lived in a place like this, we would have to suffer all these people! That is the grotesque face of rich for me and I have no desire for it… those ugly social pretensions that some people crave. And I agree about the unseemly “get rich like me” threads in the personal finance blogosphere. Some have really turned me off to blogs I otherwise enjoyed. Great post.

    • Elsie Brown says:

      Thanks Linda, I feel like I read similar opinions about the emptiness of being rich in the personal finance community. I love that it’s not fooling us because it’s kind of an insidious belief people just hold and never challenge. It’s hard to see through just wanting to be rich when every piece of media essentially tells us we’re not enough.

      I’ve been doing a lot of work on “enoughness” in my mindfulness meditation as well. It’s amazing what can happen when we start to look at addressing our feelings rather than covering them with stuff.

  5. Jon says:

    Thanks for the post Elsie, I think it expresses the sentiment many people have about FI very nicely. The point of wealth is not to accumulate more wealth, but to live richly!

  6. I’d travel around the world and enjoy the natural beauty of cheap countries like Mexico and Ukraine, but I’m already doing that with the much less than $1 million that I have 🙂

    • Elsie Brown says:

      Ha! Glad you’re living your dream. I continue to gather inspiration from people who are living richly. I can write about it all I want, but the true inspiration comes from the people who’ve planned for years and are living the freedom of early retirement

  7. Luann Lee Brown says:

    You bring up so many deep, meaningful issues within this one piece. It really struck me, once again, how wise you are, beyond your years. I watch HGTV regularly. However, I need to change the station often though, when the same theme resinates: ‘Needs’ versus ‘wants.’ For example, “I NEED granite counter tops, an open concept, three bathrooms…” Etc., etc., etc. There is most definitely a division between the ‘haves’ and the ‘have nots.’ A desire is not a need. What is important becomes lost in the clutter of collected ‘stuff.’. We easily lose site of what IS critical; What feeds our souls. Thank you for reminding your followers of what ‘being rich’ is truly all about.

  8. Thanks for the post Elsie, nice to meet a fellow student who’s passionate about personal finance 🙂 (recently ex-student for me though..). To me, rich means having the freedom to not worry about money. Right now, I’m counting the pennies and the dollars and I feel dependent on my soon-to-be employer. That’s why I’m going to put in my dues early in my 20’s to enjoy and not stress as much in my 30’s. Look forward to following more of your blog!

    • Hero says:

      You and Elsie are both in a great place to win with money, FinanceSolver. Granted, I am too, even at the ripe old age of 30. 🙂

    • Elsie Brown says:

      Thank you for the comment! Theres no problem with putting in your dues, in fact if I hadn’t done a little dirty work I wouldn’t be making what I do now. The thing is, most of us here know that our “dues” are temporary until we can build our wealth. It’s sad that some people live their lives that way, oblivious to the possibilities they could have if they stopped shoveling money into the incinerator.

  9. I’d make sure my parents are completely set for retirement. They have saved well, but to pay back everything they’ve done for me and taught me, I’d make sure they are completely free and comfortable.
    Some of the remarks you’ve made remind me of my father – be smart with money, but also enjoy life. Another that came up this past weekend – is play with cash, borrow for business to make money. I agree, you are wise beyond your years. Thanks for the great read. 🙂

    • Hero says:

      How selfless of you to think of your parents, Kelsey. I would definitely do the same.

      Your father sounds similar to my parents. They know how to have fun!

    • Elsie Brown says:

      I’d hate to get to the end of my life with a huge pile of money and realize I could’ve done more. Could’ve traveled more, could’ve given more gifts to people. I’m always looking for balance in my life not just in financial areas but also personal relationships and health. I think if you’re using your money as a tool rather than a destination your on the right track. Thanks!

    • Elsie Brown says:

      I’d hate to get to the end of my life with a huge pile of money and realize I could’ve done more. Could’ve traveled more, could’ve given more gifts to people. I’m always looking for balance in my life not just in financial areas but also personal relationships and health. I think if you’re using your money as a tool rather than a destination your on the right track. Thanks!

  10. Ebjoyed the post – my entire site is based on these ideas!

    Getting rich quick takes time. The best we can do (legally & sans-gambling) is Quick’ish. That’s defined differently by everyone, but generally speaking I think a person can get rich enough to buy their freedom in about 10 years.

    • Hero says:

      When Elsie approached me about guest posting and shared her idea, I thought of you and your site, Ty. You two obviously share similar ideologies; maybe you and Elsie should collaborate – just a thought! 🙂

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