Comments on: Want to be rich? Then shut up and listen http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/ Sure you could give up. You could settle. Most people do. Tue, 06 Jan 2009 05:37:08 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Sandro http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/comment-page-1/#comment-302 Sandro Mon, 21 Jul 2008 17:56:09 +0000 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/#comment-302 I quote, "If you buy a $500 1978 Pinto from your neighbor, you can’t very well sell it for $500, right? You would have to sell it for say, $700. But you can’t sell it for $700 unless either a) its worth $700 or b) you take advantage of someone and make them think its worth $700 when it’s only worth $500. In either case, you step on someone. All business transactions must necessarily fit this pattern in order for you to make a profit." This is a mistake. You are adding value to the car because you are connecting a seller and a buyer. Finding the person selling a Pinto for $500 is certainly doable for the person who bought it for $700, but it may not have been worth all the time and effort they would have had to expend. Convenience has a value. Your value added to this exchange is your role as the middle man. Not much of a role perhaps, but it still adds value. In the end, labour creates wealth, skilled labour more than most. A middle man expends labour by buying low, providing convenience for the seller, and selling higher, providing convenience for the buyer. Also, an example in the following paragraph contradicts your entire point that we are merely redividing shares of the same fixed pie. Cars with air-conditioning used to be a luxury. Now they are common. Where did the extra wealth for this supposed luxury come from, such that it's now affordable for everyone? Wealth is growing. Perhaps "relative wealth" is not growing, but such a metric is very subjective. I quote, “If you buy a $500 1978 Pinto from your neighbor, you can’t very well sell it for $500, right? You would have to sell it for say, $700. But you can’t sell it for $700 unless either a) its worth $700 or b) you take advantage of someone and make them think its worth $700 when it’s only worth $500. In either case, you step on someone. All business transactions must necessarily fit this pattern in order for you to make a profit.”

This is a mistake. You are adding value to the car because you are connecting a seller and a buyer. Finding the person selling a Pinto for $500 is certainly doable for the person who bought it for $700, but it may not have been worth all the time and effort they would have had to expend. Convenience has a value. Your value added to this exchange is your role as the middle man. Not much of a role perhaps, but it still adds value.

In the end, labour creates wealth, skilled labour more than most. A middle man expends labour by buying low, providing convenience for the seller, and selling higher, providing convenience for the buyer.

Also, an example in the following paragraph contradicts your entire point that we are merely redividing shares of the same fixed pie. Cars with air-conditioning used to be a luxury. Now they are common. Where did the extra wealth for this supposed luxury come from, such that it’s now affordable for everyone? Wealth is growing. Perhaps “relative wealth” is not growing, but such a metric is very subjective.

]]> By: FinancialGuruOnline.com » Carnival of Financial Planning - June 14 2008 Edition http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/comment-page-1/#comment-257 FinancialGuruOnline.com » Carnival of Financial Planning - June 14 2008 Edition Tue, 15 Jul 2008 05:14:32 +0000 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/#comment-257 [...] presents Want to be rich? Then shut up and listen posted at I Will Not [...] [...] presents Want to be rich? Then shut up and listen posted at I Will Not [...]

]]> By: Rich Life Carnival #5 | Your Finish Rich Plan - A Personal Finance Blog http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/comment-page-1/#comment-225 Rich Life Carnival #5 | Your Finish Rich Plan - A Personal Finance Blog Wed, 09 Jul 2008 10:50:04 +0000 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/#comment-225 [...] presents Want to be rich? Then shut up and listen posted at I Will Not [...] [...] presents Want to be rich? Then shut up and listen posted at I Will Not [...]

]]> By: Cindy King http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/comment-page-1/#comment-209 Cindy King Sat, 05 Jul 2008 17:25:33 +0000 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/#comment-209 I originally stopped by to tell you that I’ve just published your article on the most recent Marketer Review Blog Carnival. Come by to vote on the best post of the 31 posts this week. Yes, you can vote for your own post. Use the social media of your choice to help get traffic back to your site. I stumbled your post just now. Remember that Friday is our deadline for new articles, so mark this Friday on your calendar as the latest that you can get to Blog Carnival to submit for next week. I originally stopped by to tell you that I’ve just published your article on the most recent Marketer Review Blog Carnival.

Come by to vote on the best post of the 31 posts this week. Yes, you can vote for your own post. Use the social media of your choice to help get traffic back to your site. I stumbled your post just now.

Remember that Friday is our deadline for new articles, so mark this Friday on your calendar as the latest that you can get to Blog Carnival to submit for next week.

]]> By: Cindy King http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/comment-page-1/#comment-208 Cindy King Sat, 05 Jul 2008 08:55:12 +0000 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/#comment-208 <strong>Marketer Review Saturday Blog Carnival #7...</strong> Tali Shapiro has said that it’s time for her move on and to focus on her passion. The Marketer Review blog had exceeded all her expectations but she has decided to commit her time elsewhere. I enjoyed her blog carnival and have decided to carry ... Marketer Review Saturday Blog Carnival #7…

Tali Shapiro has said that it’s time for her move on and to focus on her passion. The Marketer Review blog had exceeded all her expectations but she has decided to commit her time elsewhere. I enjoyed her blog carnival and have decided to carry …

]]> By: Carnival of Financial Planning - June 14 2008 Edition [The Skilled Investor's PERSONAL FINANCE BLOG] | Financial Resource http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/comment-page-1/#comment-179 Carnival of Financial Planning - June 14 2008 Edition [The Skilled Investor's PERSONAL FINANCE BLOG] | Financial Resource Sat, 28 Jun 2008 15:03:07 +0000 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/#comment-179 [...] presents Want to be rich? Then shut up and listen posted at I Will Not [...] [...] presents Want to be rich? Then shut up and listen posted at I Will Not [...]

]]> By: Carnival of Money Stories #63 - Gather Round the Campfire! | Bible Money Matters http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/comment-page-1/#comment-178 Carnival of Money Stories #63 - Gather Round the Campfire! | Bible Money Matters Sat, 28 Jun 2008 14:39:21 +0000 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/#comment-178 [...] presents Want to be rich? Then shut up and listen posted at I Will Not [...] [...] presents Want to be rich? Then shut up and listen posted at I Will Not [...]

]]> By: pinkblocks - personal power and self help » Blog Carnival on Personal Power June 21, 2008 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/comment-page-1/#comment-138 pinkblocks - personal power and self help » Blog Carnival on Personal Power June 21, 2008 Sun, 22 Jun 2008 15:24:40 +0000 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/#comment-138 [...] be turned off by me telling you to shut up. It’s not personal. This is business. Dereck presents Want to be rich? Then shut up and listen posted at I Will Not [...] [...] be turned off by me telling you to shut up. It’s not personal. This is business. Dereck presents Want to be rich? Then shut up and listen posted at I Will Not [...]

]]> By: How to Make Money Doing What You Love Carnival - Issue 6 | How to Make Money Doing What You Love http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/comment-page-1/#comment-137 How to Make Money Doing What You Love Carnival - Issue 6 | How to Make Money Doing What You Love Sun, 22 Jun 2008 08:41:42 +0000 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/#comment-137 [...] presents Want to be rich? Then shut up and listen posted at I Will Not [...] [...] presents Want to be rich? Then shut up and listen posted at I Will Not [...]

]]> By: Rosemary http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/comment-page-1/#comment-98 Rosemary Tue, 17 Jun 2008 21:43:10 +0000 http://www.iwillnotdie.com/want-to-be-rich-then-shut-up-and-listen/#comment-98 Thank you for submitting this to the Blog Carnival. Rosemary http://mydiyhometips.com Thank you for submitting this to the Blog Carnival.

Rosemary
http://mydiyhometips.com

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