Comments on: Pursue Wealth, Not Status

By: Dougie

Dougie — Thu, 28 Jun 2018 06:42:43 +0000

As the last BTL said, this is like a poem or mantra to keep in mind when the temptation to keep up with the Joneses rears its ugly little head.

Love your work, Zach. Keep it up!

By: Reverse The Crush

Reverse The Crush — Wed, 27 Jun 2018 23:22:37 +0000

This is great, Zach! This is almost like a personal finance poem, if I can say that. It’s an interesting comparison. I agree 100% that pursing wealth is the superior option. I really could care less about status. Of course, it’s nice to achieve a certain status at your craft. But it’s important to focus on the main thing and the lifestyle you want first. I enjoyed the 2nd last point about autonomy because work autonomy has been top of mind for me lately. Thanks for sharing.

By: Steveark

Steveark — Wed, 27 Jun 2018 22:16:52 +0000

My old 9 to 5 gave me an unavoidable status because it required me to testify before congressional committees and be on television news shows and write Op Ed’s. My side gigs are in the same political and business circles so I find it useful to keep my brand alive but the humorous thing is that those people think I’m driving the same kind of expensive sports cars they drive when I’m driving a $7,000 model that is so rare they don’t know it is ten years old. They think and have complimented me on my $3,000 suits that are actually off the rack $250 ones that only look nice because I get up at 5 in the morning and run a bunch of miles to stay lean. They assume I live in a million dollar mansion like they do when I live in a 200K paid for modest house out in the woods. Ironically I do the reverse of stealth wealth, I am wealthy and I appear to be spending like I’m wealthy but in fact I’m spending very little. All they ever have to judge my “status” by is my car, my clothes and my cell phone. Those all look like they cost a lot more than they did!

By: Lin

Lin — Wed, 27 Jun 2018 15:09:38 +0000

Great post, Zach! Another difference: wealth often exists in anonymity; status craves fame. Keep up your great work!

By: Tom @ Dividends Diversify

Tom @ Dividends Diversify — Wed, 27 Jun 2018 14:08:35 +0000

Very interesting thoughts as always Zach. I’m not into status at all. However, I don’t think they have to be totally mutually exclusive. Tom