Wealthy INTPs?

[Blue]

I want to secure personal freedom and thus have been considering sources of income. Considering the sample of people I've known I'd rather not have to answer to anybody. A large amount of money seems like a good way to achieve this. Observing other people and their income I've got a degree of confidence I have the potential of being finantaly successful and I've begun to look at it as an interesting challenge. Then we run into the biggest barrer. Yes, lets say it together:

Motivation

For a high degree of financial success without counting on lottery winning amounts of luck I'll need motivation which lead me to wonder historically how many wealthy INTPs there are. This is where the thinktank of INTP central comes in. Do you have any examples of wealthy INTPs? That's the primary purpose of this thread, but feel free to diverge along INTP finances.

+Blue

[Braggi]

Amway - sucks because it involves people, talking to them.
Real Estate -best because you are your own boss working at your own speed

[DeadDove]

http://www.pokerfyi.com/articles/4/20.aspx

[grammarcop]

Real Estate -best because you are your own boss working at your own speed


Real Estate -best because you are your own boss, working at your own

[nobarcode]

Just look at the people in this past years Forbes 500 Companies and research them. You'll figure it out. This past edition, around Nov. or so even had the 'personality profile' of the wealthiest. You might be surprised.

[granted, some of what is written I might consider as propaganda, personally]

imo -Motivation is Motivation. It won't make you wealthy. A combination of some sort might, though.

[Alchemist]

I got wealthy off of conventional methods, social favors, and luck.. Not motivation as much as using logic to make cash.. Yes, it does help to be middle class - any middle classer, well sorta, can become elite.. but someone from the ghetto with the name, "Laquisha" is going to have to work extra hard. That is a given within the current capitalistic society... But you need smarts and an aptitude to learn; otherwise, you better be Old Money.

[lexiphanic]

Real estate apparently is rather difficult to get into if you don't have a good 'in'.

[Darkness]

Let see, first its not always what you know but who you know in life in order to get ahead. If you only needed knowledge and analytical reasoning to solve problems than I have been short changed by the current idoitic educational system. Because the current system doesn't like out of the box thinkers at least no in the southern US. Anyone who lives in the Southern United States knows what a buch of utter bullshit their school produce. But no time to bitch because I never bitch about anything and take sole responsibility for my own actions. Also, in the South (GA) I have realized no matter how good of a job I do it doesn't matter in the end because, "I don't fit a certain typical company image."

The mid management levels will always play politics and games out in the real world and will promote someone who they can control with "fear" of job security. I know thats what a majority of corporations do anyways and its only gotten worse over these past four years. I don't play bullshit games because I have no time and it cuts down on my fun time. I rather be happy and poorer than be a rich miserable bloodsucking bastard any fucking day of the week. Playing a soul-less bloodsucker only leads to a quick death in life and all of them feel an emptiness inside. Also, people in the fucking south are generally closed minded which so the opposite of my makeup and attitudes in life. I love the big cities and western part of the US. I will eventually move and live out west somewhere near a beach. In conclusion, I'm your average David trying to take on Goliath.

[Kilby]

Let see, first its not always what you know but who you know in life in order to get ahead. If you only needed knowledge and analytical reasoning to solve problems than I have been short changed by the current idoitic educational system. Because the current system doesn't like out of the box thinkers at least no in the southern US. Anyone who lives in the Southern United States knows what a buch of utter bullshit their school produce. But no time to bitch because I never bitch about anything and take sole responsibility for my own actions. Also, in the South (GA) I have realized no matter how good of a job I do it doesn't matter in the end because, "I don't fit a certain typical company image."

The mid management levels will always play politics and games out in the real world and will promote someone who they can control with "fear" of job security. I know thats what a majority of corporations do anyways and its only gotten worse over these past four years. I don't play bullshit games because I have no time and it cuts down on my fun time. I rather be happy and poorer than be a rich miserable bloodsucking bastard any fucking day of the week. Playing a soul-less bloodsucker only leads to a quick death in life and all of them feel an emptiness inside. Also, people in the fucking south are generally closed minded which so the opposite of my makeup and attitudes in life. I love the big cities and western part of the US. I will eventually move and live out west somewhere near a beach. In conclusion, I'm your average David trying to take on Goliath.

Nice to see you again, Darkness. What do you do, if you don't mind me asking?

[Blue]

I got wealthy off of conventional methods, social favors, and luck.. Not motivation as much as using logic to make cash.. Yes, it does help to be middle class - any middle classer, well sorta, can become elite.. but someone from the ghetto with the name, "Laquisha" is going to have to work extra hard. That is a given within the current capitalistic society... But you need smarts and an aptitude to learn; otherwise, you better be Old Money.
Welcome to the forum, you actually live pretty close to me, we've got a surprisingly small number of Californians here. You want to go into the details of applying logic?

+Blue

[venerationOFrabbits]

Real estate apparently is rather difficult to get into if you don't have a good 'in'.

This should read --

Real estate is rather difficult to get into if you have a good 'conscious' to begin with.

[Ferrus]

Real estate is rather difficult to get into if you have a good 'conscious' to begin with.
Sounds fun...

[venerationOFrabbits]

Sounds fun...

Sorry, you'll need to manipulate people with "Feelings" and also sit around listening to them, all the while feigning interest.

Edit -- I see you're from the UK, I know Land Surveyors are Real Estate agents as well, in the UK. So it may be different where you are.

[Ferrus]

Well, I suppose I can't manipulate people with feelings, though I would have no compunction about doing so: or manipulating them as a whole. In fact I would gain perverse pleasure out of it.

[venerationOFrabbits]

Well, I suppose I can't manipulate people with feelings, though I would have no compunction about doing so: or manipulating them as a whole. In fact I would gain perverse pleasure out of it.

Well then!

I think you should move to the US and marry a very succesful Real Estate Agent.

[Ferrus]

Haha, I wouldn't mind taking advantage of people's snobbery. I could see something amusing in that.

[venerationOFrabbits]

Haha, I wouldn't mind taking advantage of people's snobbery. I could see something amusing in that.

That does sound fun.

Before you make any plans, buy any plane tickets or whatever, watch "American Beauty".

Annette Benning did a wonderful acting job in her role as a sucksesful Real Estate Agent in that movie.

[Ferrus]

That is a movie I have always intended to watch, I believe Claverhouse's signature has a reference to it.

[darlets]

I want to secure personal freedom and thus have been considering sources of income.

This is some stuff I wish I'd known when I was younger.

If you don't spend much you don't need to earn much. One way of looking at this problem is to keep your expenses down. Thriftiness is good. Alot of people get higher salaries and just consume more stuff, they don't save anymore.

It's what you save, not what you earn.

I've read some of the rich dad poor dad series and one of the main points that come out of it, in his definiation is of assets/liabilities:
an asset is something that earns you money
and a
liability is something the costs you money.

Which is quite different from more correct/technically economic definitions.

So technically, if you ask an accountant, a car would be an asset but from his point of view it's a liability
Again a Stereo or T.V would be an asset, but from his definition it's not.

I've spent alot of time thinking about this of late, because essentially I've taken a pay cut to be happier. If you have very small expenses you don't have to spend alot of your time earning money to keep your lifestyle going.

I rent, so I don't have a mortgage, I paid cash for my car. I walk or ride where I can.

If you read books on making money the point they make is "Wealth" is the amount of time you can go without an income. Nothing more, nothing less.

So my general advice/plan to financial stability, which I've garnered from people/books is:
Always try and save 10% of your income. Have it directly taken out of your bank account.
When you get a pay rise, do something nice for yourself with the extra money for the first two months of the new pay, but then try and put a high % of it into you savings plan after that. (You were living off the lower wage before hand)
Always have some sort of spending money in your budget (Really strict budgets aren't realistic long term)
If you're in a relationship get use to living off one income and save the other one. You will be most likely living off one income for a period of time if you have kids so if you can't manage the two of you living off one income while their a no kids, you may want to reassess you spending habits before having kids.

Invest as early as possible in your life. You are never to young to start saving.

And there's an old jewish saying which I think ring very true for investing.
"When everyone else is running, walk, when eveyone else is walking, run"

Don't follow the herd. See current impending global real estate melt down that is starting to occur.

If your looking at investing, consider looking into Ethical Funds. They're typcially are against clubbing baby seals to death for profit and stuff like that.

This is stuff I've just learn along the way.

Read books on money. I find it silly that people will spend 40 hours a week earning money, but won't spend 40 minutes a week learning about it.

Seriously, just read one book a year about money/economics. They don't have to be about economic theory, some books are quite practical, from stuff on how to do stuff around the house, how to manage money day to day. Just highly practical stuff. If you want to go read about high brow economic theory, knock yourself out, that's good too.

[int]

Making money is just like anything else. You need to get involved.

[RottenApple]

I would encourage people to try and avoid the corporate ladder. The typical path which everybody follows is based on a system of hierarchy. In other words you need a large number of losers to make a small number of winners. You can roll the dice if you like, but I would bet that very few people on this forum are insecure enough to become the Silver-Back-Chest-Thumping-Donald-Trump's which rise to the top.

A great number of wealthy people I know are merely tradesmen who went off on their own. They kept their costs low and slowly built up a list of clients. Learn to do something well and the clients will come.

[Ferrus]

A great number of wealthy people I know are merely tradesmen who went off on their own. They kept their costs low and slowly built up a list of clients. Learn to do something well and the clients will come.
True: self-employment or the professions are far better area to make money in than the management corporate ladder. But of course the former requires balls and some risk; the latter requires brains and often money/contact to get the right qualifications.

[RottenApple]

True: self-employment or the professions are far better area to make money in than the management corporate ladder. But of course the former requires balls and some risk; the latter requires brains and often money/contact to get the right qualifications.

Yes, the trick is to keep your costs low which, in turn, keeps the risks low. Some guys I know who pulled it off started their own thing while still living with their parents. The mechanic I use did this. He started fixing cars on his father's lawn and he now rents a small garage in an industrial area.

He's not a billionaire but he has a big house, swimming pool, a few cars and plenty of money to play with. Couple that together with the fact that he has no boss to kick his ass and it starts to look like a great life.

[MetallicJackal]

Hmm.

Well, sure, working for yourself sounds like a great idea and all, and you do have the potential to amass quite a bit of wealth, but you forget, even if you don't have somebody else breathing down your neck, you still have to be your own boss. That means, you have to kick your own ass. Keep yourself accountable. Organized. And concerning the amount of 'lack of motivation' and 'laziness and INTP's' threads floating around these forums, something tells me that being self-enterprising isn't a quality that many INTP's share

After all, if it was, I doubt we would have so many of those same INTP's complaining about being unhappy with everything in life that requires a bit of effort... career, love, finances, hygiene, physical appearance, etc.

I think any INTP who has enjoyed some considerable success in their career must've simply accepted that, despite the deficiencies in executive functioning that is native to their personality type, their lot in life wasn't just going to land in their laps. So, they either got off their asses to develop some much needed executive skills. Or they had some really, really brilliant luck.

My money is on the former.

The point is not to look for INTP's who are successful or wealthy, and let yourself be cheered by the fact that some guy with the same personality as you isn't a career/financial failure. The point is looking for INTP's who are successful and finding out what they did differently from you to get where they are. Chances are, it will probably prompt yet another stroll down to the bookstore self-help section in another vain attempt to augment one's Fe and/or J function.

And yeah, I know that I'm definitely not the first to point this out either. But hey, here's to a bit of hoping that it's this particular dose of a commonly repeated and uncomfortable truth might get somebody moving. I won't be holding my breath, though.

[wrathfuldeity]

wealth as to what...$, friends, time, health, hobbies, family....

imho wealth changes as we change and get older...now that I am older its more about time, health, family and hobbies. career wise I am downwardly mobile, less responsibilities, less money but more time, health/energy to do the things I truly enjoy doing than chasing after more money and career prestige.

[volterock]

What MetallicJackal says is right. You must learn to discipline yourself. Figure out how you develop good habits. Also, read what darlets said a few times. Be frugal.

Also, set goals and the steps needed to reach those goals. Develop habits to help you act on the relevant steps needed. Keep trying and learn perseverance through a persistent look to the future when you get discouraged. Don't lose sight of your goals.

Don't just budget your money but also your time. When you are doing something ask yourself if the time spent is an asset to you or a liability.

And love other people. Money can come and go in an instant but loving other people feels like the right thing to do and you're more likely to better your financial situation with this type of character anyway.

[Fjaertorslovaark]

If this thread is still relevant:

1) Buy shitloads of silver, now. It's the investment of the decade.

http://www.youtube.com/watch?v=-IiarVvZguY
http://www.youtube.com/watch?v=7D4zjkv1Ssw


2) Read "Think and Grow Rich"

DO NOT get into real estate right now. Real estate is falling and has a long way to go before it bottoms out. Trade your silver for cash flow real estate in a few years.

The ultimate career is of course, an entrepreneur. As an INTP I'm sure you have the ideas, but you may lack the organization/consistency to do it on your own. My plan is to team up with some friends who have their shit together. One's an INTJ, the other is likely ISTP.

[Fjaertorslovaark]

Also, be wary about entering a profession as an INTP. I'm just graduating from an engineering degree, and I can't stand most of my peers (ISTJs). We're totally out of sync. Rather than climbing corporate ladders in a cubicle, I hope to build a successful start up. I have insane passion when working on my own projects, just fucked up time management abilities.

Finally, pay attention to everything volterock said... and yes, I'm aware that this thread is ancient.