Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 04-03-2013, 09:23 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,291
I am in the top 10%.... but did poorly on the test...

I owe on our house.... I will probably buy our next car with a loan (if it is still very low).....

I still say what I do when asked...


I am well off, but still far enough away from true FI that it will take me some time to get there... not complaining though....
__________________

__________________
Texas Proud is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-03-2013, 09:28 PM   #22
Thinks s/he gets paid by the post
David1961's Avatar
 
Join Date: Jul 2007
Posts: 1,076
What about someone who rents? They are not paying interest on a house, but still have housing costs.
__________________

__________________
David1961 is offline   Reply With Quote
Old 04-03-2013, 10:16 PM   #23
Thinks s/he gets paid by the post
photoguy's Avatar
 
Join Date: Jun 2010
Posts: 2,301
I don't understand the need to come up with new definitions or tests for being wealthy (there seem to be a lot of blog posts on this recently). If you want a qualitative definition then "boatload of money" will do. If you want a quantitative definition why not use percentile of net worth.
__________________
photoguy is offline   Reply With Quote
Old 04-03-2013, 10:39 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,533
Sorry, too busy swimming in my pools of money to look at a silly set of questions!
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is offline   Reply With Quote
Old 04-03-2013, 11:12 PM   #25
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,873
Quote:
Originally Posted by pb4uski View Post
+1 but top 10% rather than 5%. (Congratulations BTW!) To me wealth is all relative, while I concede that I am wealthier than many, there are plenty of people out there who are much wealthier than I.
I can also answer all 4 questions which favor my being wealthy. The scoreboard is a moving target because I turn 50 in a few weeks. I am in the top 10% now but will move down to top 25% once I join the 50-59 age group. I feel so poor now LOL!
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is offline   Reply With Quote
Old 04-03-2013, 11:54 PM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,460
Damn!. Had to borrow against both places when the PenFed 5/5 loans were at 3% with no fees. There goes our standing in the country club. poor us. I feel about as bad as when my Creditkarma score drops because I'm picking up $400 in bonus money by signing up for a new card
__________________
calmloki is online now   Reply With Quote
Old 04-03-2013, 11:59 PM   #27
Thinks s/he gets paid by the post
 
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,577
In spite of being in the top 5% on the scoreboard and being pretty confident I can safely FIRE later this year, # 3 was the only question I could answer in my favour.

Interesting but a pretty poor test.
__________________
Budgeting is a skill practised by people who are bad at politics.
traineeinvestor is offline   Reply With Quote
Old 04-04-2013, 12:29 AM   #28
Recycles dryer sheets
comicbookgujy's Avatar
 
Join Date: Jan 2013
Posts: 178
Quote:
Originally Posted by scrabbler1 View Post
I can also answer all 4 questions which favor my being wealthy. The scoreboard is a moving target because I turn 50 in a few weeks. I am in the top 10% now but will move down to top 25% once I join the 50-59 age group. I feel so poor now LOL!
Same here. Turned 40 this year and went from being in the top 5% to only top 25%.

I'm going downhill!!! We're truely in a great depression!!
__________________
comicbookgujy is offline   Reply With Quote
Old 04-04-2013, 01:30 AM   #29
Full time employment: Posting here.
Tyro's Avatar
 
Join Date: Aug 2012
Location: Upstate
Posts: 699
Quote:
Originally Posted by David1961 View Post
I love question number 4!:

You are at a cocktail party and a stranger asks: “What do you do?” If you answer this with any known occupation, you are not wealthy and you’re probably a workaholic.
+1. If this were the only question/criteria, then all retired people are wealthy. I don't think so.
__________________
Yeah well, that's just, ya know, like, your opinion, man. ~ The Dude
Tyro is offline   Reply With Quote
Old 04-04-2013, 01:38 AM   #30
Full time employment: Posting here.
Tyro's Avatar
 
Join Date: Aug 2012
Location: Upstate
Posts: 699
Quote:
Originally Posted by FUEGO View Post
Sorry, too busy swimming in my pools of money to look at a silly set of questions!
__________________
Yeah well, that's just, ya know, like, your opinion, man. ~ The Dude
Tyro is offline   Reply With Quote
Old 04-04-2013, 04:09 AM   #31
Full time employment: Posting here.
 
Join Date: Dec 2010
Posts: 572
Stupid article and useless and silly questions.
"Question 4:
You are at a cocktail party and a stranger asks: “What do you do?”
If you answer this with any known occupation, you are not wealthy and you’re probably a workaholic."
So if your answer is I do not work, I am on welfare. Does that make you a wealthy person?
__________________
bondi688 is offline   Reply With Quote
Old 04-04-2013, 05:32 AM   #32
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Not sure how to answer the OP's question. Wealthy as compared to what ? Poor people in third world countries who come to my free clinics ? Yes. Compared to Wall Street guys making $100,000,000 per year? No.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 04-04-2013, 06:07 AM   #33
Moderator
Ronstar's Avatar
 
Join Date: Aug 2007
Location: A little ways southwest of Chicago
Posts: 9,370
I'm not wealthy - I spend all day doing my own yard work, etc. If I was wealthy, I'd have a gardener and other servants.
__________________
Ronstar is online now   Reply With Quote
Old 04-04-2013, 07:54 AM   #34
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,579
We're there, and although I'm working I have an attitude problem and will leave if/when things don't suit me.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 04-04-2013, 08:06 AM   #35
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,451
#4 my answer is retired. Isn't that an occupation?
__________________
clifp is offline   Reply With Quote
Old 04-04-2013, 08:21 AM   #36
Thinks s/he gets paid by the post
growing_older's Avatar
 
Join Date: Jun 2007
Posts: 2,609
Quote:
You are at a cocktail party and a stranger asks: “What do you do?” If you answer this with any known occupation, you are not wealthy and you’re probably a workaholic."
So the only choices are "no known occupation - therefor wealthy" or "a known occupation - therefor workaholic" Seems pretty silly.
__________________
growing_older is online now   Reply With Quote
Old 04-04-2013, 08:27 AM   #37
Thinks s/he gets paid by the post
DFW_M5's Avatar
 
Join Date: Sep 2003
Posts: 4,982
LOL, if you have to answer questions to know if you are weathy, you ain't wealthy. I'm with W2R, happiness is a much better measure of wealth
__________________
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
DFW_M5 is offline   Reply With Quote
Old 04-04-2013, 09:48 AM   #38
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,291
Quote:
Originally Posted by calmloki View Post
Damn!. Had to borrow against both places when the PenFed 5/5 loans were at 3% with no fees. There goes our standing in the country club. poor us. I feel about as bad as when my Creditkarma score drops because I'm picking up $400 in bonus money by signing up for a new card

LOL... I had something similar with Creditkarma.... they dropped my score after we paid off our car loan and our mortgage was 'paid off' because we were refinancing... the new mortgage did not show up... these, along with the credit checks because of the refi lowered my score a lot... seems pretty dumb to me...
__________________
Texas Proud is online now   Reply With Quote
Old 04-04-2013, 09:48 AM   #39
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
I am wealthy as wealth is defined as love, time and quality relationships.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 04-04-2013, 09:50 AM   #40
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,739
Send a message via Skype™ to kcowan
I guess my answer to #4 of Private Portfolio Manager should change to "'Bout what?" although I do say to friends that I am independently wealthy when pressed because that means I do not need to work any longer.

The wealth grid would be more meaningful if they published the boundaries rather than the medians. I can see that as we age and move into our 70s, we become wealthier according to their table.

We are not only wealthy but also blessed!
__________________

__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 12:57 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.