If my primary goal in life right now is to simply enjoy luxury, I'm going to need money. The most expensive thing I desire is an Aston Martin. It sounds silly--and a lot of people called me childish for it--but that car is something I want badly. I cannot stress it enough that I want to earn my money properly and legitimately as a person with integrity would. However, I don't know many ways to earn such money of the proportion in which I seek to aquire. The typical job a person my age would get is a bottom-of-the-line, minimum-wage job, and the hard workers will work their way up and make more. I don't want to wait for that. I want to make the money now. I want to enjoy a luxuious lifestyle now. My best guess is to play the stock market, but I don't know who to go to to hop onto the best investments. Can anyone on this site help me?
asked Jan 31 '13 at 13:42
The question states: "If my primary goal in life right now is to simply enjoy luxury, I'm going to need money." The question goes on to affirm this goal. In my judgment, that makes the questioner a "third generation" type, referring to a saying that Ayn Rand mentioned in CUI, Chapter 11 ("Capitalism"):
In a capitalist system, a producer can do with his wealth what he chooses.... He can bleed himself dry by a course of self-sacrifice.... The most eloquent example of this last is the playboy in a free country who inherits a fortune; he does not keep it long. "From shirtsleeves to shirtsleeves in three generations," Americans used to say at the turn of the [20th] century. If a poor man rose to wealth, then left his money to worthless heirs, his grandson was back on the street without a suit to his name. Project how widespread this phenomenon had to be to give rise to a popular aphorism....
Most "first generation" types didn't get rich quickly and didn't pursue luxury for its own sake. For them, great wealth is usually something that happens as a byproduct of what the producers love doing. They often labor doggedly in great modesty and even poverty, and it may take them a long time to get used to being wealthy and to spend it for personal luxuries, if they become highly wealthy at all.
answered Feb 02 '13 at 20:04
Ideas for Life ♦
While this isn't actually a question about Objectivism, the best advice I've heard in this regard is to get involved in a job where you're no longer trading your time for money. Once you get to the point where you make money all the time no matter what you're spending your time on, you can start increasing your income by multiples every year instead of incremental increases in a salary.
I'm not an expert on such things (finding that my preferred occupation is still a time-for-dollars kind), but here are a few ideas:
While I haven't read it, I this line of thinking is explained most fully in the book: The Four Hour Work Week
answered Feb 04 '13 at 00:27
Andrew Miner ♦