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10,000 Millionaire Losers I Feel Sorry For

Author: Jim Kukral Category: Making Money Online, New York Times

Sunday
Aug 5, 2007

I’m not sure what they thought we were supposed to “feel” for them in this NY Times piece. But all I felt after reading this was…

What a bunch of rich unhappy losers.

As you can probably tell, I don’t value money as my life’s goal as many other do. Perhaps this is why I’m not filthy rich. But perhaps this is also why I can honestly say that I truly believe that having money makes things easier… but in no way makes you happy. Me at least.

Mr. Steger, 51, a self-described geek, has banked more than $2 million. The $1.3 million house he and his wife own on a bluff overlooking the Pacific Ocean is paid off. The couple’s net worth of roughly $3.5 million places them in the top 2 percent of families in the United States.

Yet each day Mr. Steger continues to toil in what a colleague calls “the Silicon Valley salt mines,” working as a marketing executive for a technology start-up company, still striving for his big strike. Most mornings, he can be found at his desk by 7. He typically works 12 hours a day and logs an extra 10 hours over the weekend.

“I know people looking in from the outside will ask why someone like me keeps working so hard,” Mr. Steger says. “But a few million doesn’t go as far as it used to. Maybe in the ’70s, a few million bucks meant ‘Lifestyles of the Rich and Famous,’ or Richie Rich living in a big house with a butler. But not anymore.”

12-hour days and working weekends is ridiculous, I don’t care how much money you’re making. More at livedigitally.

Final thought. Do you think maybe the NY times piece was too one-sided and really made these people look bad? I’m wondering if that is the case.

Watch the video here.


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