Randy Jones | May 21, 2009

It’s a cliché I heard a lot while I was writing The Richest Man in Town: “Money can’t buy happiness.” I can tell you that there are a lot of miserable rich people out there, and it is certainly true that pursuing money for money’s sake will not lead to a satisfying life. But for RMITs wealth is not only a tool to achieve great things and add value to the community; it’s also the reward for their hard labor, that allows them to pursue their passions and have a full, well-rounded life. Across the board, I found that having money is indeed related to happiness. And science backs me up: In April of last year, University of Pennsylvania economists Betsy Stevenson and Justin Wolfers presented a study at the Brookings Institute in Washington, D.C., on just this subject. According to the New York Times, Stevenson and Wolfers found that 90 percent of the households in America that have incomes of $250,000 or more call themselves “very happy.”

Category: #1: Seek Money for Money's Sake and Ye Shall Not Find, Money and Meaning, The Richest Man in Town book, The Twelve Commandments | No Comments »
Tags: Betsy Stevenson, Brookings Institute, Christel DeHaan, Georgia Lottery, happiness, John McAfee, Justin Wolfers, lottery, Mae West, Northwestern University, stuff, The Richest Man in Town, University of Indianapolis, University of Pennsylvania

Randy Jones | February 17, 2009

I wanted to be rich from my earliest memory. In fact, I believe I was hardwired to see the world through the lens of affluence, even though I was growing up on a farm in Carrollton, Georgia, far from the glamour of what is usually associated with the so-called good life. Full disclosure: I was not poor by any stretch of the imagination. I have never known what it must be like to wonder where my next meal would come from or how I would make the late utility payment. Many might even say I grew up rich—but while I was privileged, certainly, it was not what I would call rich. At least, not by the definition I have come to apply to “rich” in my adult life. And certainly not in the strictest financial sense: I came from hard-working Southern stock; to me, it seemed my dad and mom never stopped working, and they made certain that my brothers and I “joined the fun.” It wasn’t always fun, but boy was it effective, and in many ways life-altering. Like my dad and mom, I love to work. Few things make me happier than ending a productive day or checking off my entire “to do” list. I thrive on that sense of accomplishment, that ineffable feeling that I have earned my keep.

Perhaps this is the reason I devoted the past few years of my life to writing The Richest Man in Town. And what a journey it has been: I have researched and interviewed the richest self-made man or woman in 100 American towns in an attempt to find out how they reached their American Dream and what we could learn from their seismic success.

Category: Welcome to the Richest Man in Town | No Comments »
Tags: Bernard Madoff, Bernie Madoff, Bill Gates, Carl Icahn, Kirk Kerkorian, Larry Ellison, Larry Page, Mae West, Michael Dell, Sergey Brin