Can we all be rich?

I want you to be rich.

That’s why I’m writing this blog; in hopes that I can help you stop trying to make money from a dead-end soul-killing job, and figure out how to instead make money in a way that puts your income, schedule, and activities under your control. From there, you can use that capability to set your own goals, and change the world.

“But Raina”, I hear you cry, “We can’t all be rich!”

Ahh… but I think we can. And here’s why.

We are all rich

As the global standard of living creeps up, it’s easy to forget that it is creeping up. But if you go back far enough, it becomes obvious that it has. Let’s go back to 17th century Germany….

  • In most households, somewhere between 70% and 100% of the family income goes towards food
  • Most houses have one room. Maybe 2.
  • Dental care, antibiotics, and the germ theory of disease are all unknown (translation: doctors don’t wash their hands before operating on you.)
  • Water must be fetched from the well.

All of the following were luxuries available only to the rich:

  • Individual beds for family members and multi-room houses
  • A diet that varies from day to day
  • Glass in your windows
  • Water that doesn’t kill you
  • Chocolate
  • Multiple sets of clothing
  • Travel beyond, say, 10 miles
  • A means of transportation besides walking

And these weren’t available to anyone, no matter how rich:

  • Water at the twist of a handle
  • Indoor toilets
  • Double-paned storm windows
  • Insulated walls
  • Air conditioning / Central heating
  • Advil
  • Penicillin
  • Sudafed
  • Transportation that goes faster than 25 miles/hour

So it’s pretty obvious that in actuality, we are all rich. Every single person in the US and Europe, and many people in South America, Africa, and Asia.

But that doesn’t count… I mean someone has to be poor relative to others

Sure, but let’s take a step back here. Why would you even want to be rich?

Some people are competitive, and care about being richest. Fine; feel free — doesn’t bother me. But for most of us, being rich is not a goal in and of itself. We want to be rich in order to have the time and money to pursue what we really care about… whether that’s time with our family, deeper spiritual development, or saving the [insert disadvantaged lifeform here]s.

In fact, we’ve seen a transition over the last century towards a more equitable and level distribution of wealth: in terms of buying power, there’s no one as rich as Rockefeller and Carnegie were at the end of the 19th century, but there are a lot fewer people who are as poor as people were at the end of the 19th century. Some people think we’ve seen the end of the super-rich, and that the wealth distribution of the future will be between those with enough, and those with more than enough.

No, we can’t all be the richest person in the world. But we can all be rich enough.

But there’s just not that much money floating around

Not necessarily true, but let’s ignore that for the moment.

Maybe you won’t ever have a trillion dollars in your bank account. But again, take a step back and look at the reasons you want to be rich. I suspect you’ll find that Robert Kiyosaki’s approach is a better definition for you than any arbitrary net-worth figure:

“Rich” is not measured in money. It’s measured in time. How long could you go without working? That’s how rich you are

By this definition Thoreau, with his $0/year income, was rich, because he didn’t spend any time earning income. He could do whatever he wanted with his day, because he had no outside obligations.

Note that there’s no guarantee you’ll get to laze about all day: Thoreau actually had time constraints in growing the vegetables on which he lived and maintaining his house, and so on. But he was happy with the work he had to do, and could schedule his time however he liked, and so he was rich.

That’s what I want for you: to spend the day doing what you’d like; either because doing what you like makes you money, or because your earning money is independent of what you do all day. (Or some combination thereof). If you can earn your living by doing what you want, then I’m calling it “rich.”

We can all be rich

So yes, we can all be rich. There’s nothing unsustainable about it.

Resources for Further Reading
Is it evil to make money?
Eat Pancakes and Change the World
Forget the Lexus; Buy an Olive Tree
Homework: What do you care about?

  • Afkhamalireza

    tanks for your useful words . i realy like it.