why do you want to be rich??? - Page 2

setab · 03-10-2006, 09:54 AM

Quote:

Originally Posted by brewer12345

JG, is that you?

Only if I'm channeling while my window washers are slapping time. Oh Lord, won't you buy me a Mercedes Benz?

setab

Enuff2Eat · 03-10-2006, 09:54 AM

Rustic23

rich is NOT a number. it's a freedom and like some of you said. it's in the eye of the beholder.

also, do NOT be fool by the census. the number that you quoted is far far far away from the truth. national average on income per family/household is based on anyone is 18 years of age and above. *this includes welfare recipients, millions of retiree (who are rich but got no earning income), ~17-20million college students (guessing from the census), disability and handicaps, investors who are "rich" but shelter their income in their company legally or tax defer program and many more that i can' t think of .... these people bring the average income way down.

if your family gross income is around $50k/year. *you are just SURVIVING and in some cases, pay check to pay check people. *trust me, i am a living example.

enuff

vinhmen · 03-10-2006, 10:23 AM

So I can buy stuff.

LRS · 03-10-2006, 10:50 AM

Boont said: "Don't like the question. Seems immature."

What, us immature?? I would ask, is a naked maid really practical?

I don't want to be rich. My hub and I could both work to 65 and increase our pensions to fabulous sums, plus double or triple our investments and retire on a couple hundred thousand per year or more. But we've decided that what we want is our present income (about 55,000), adjusted for inflation and medical insurance which must be paid out of pocket. We figure we will reach that goal in about 4.6 years.

My kids ask if we're rich and I tell them we are well-to-do. We fit in with our largely middle-class neighbors. They are teachers, firefighters, paramedics, small business owners, mid-level management types. Although we all have nice houses, none are McMansions and nobody is really ostentatious. Many have already retired in their 50's. You see some driftboats, SUV's and a motor home or two, but mostly people are living a successful middle-class existance. That's good enough for me.

I'm modifying this to add that at our income, we are not living paycheck to paycheck. Salaries are relative to where you live and how frugal you are. We can maintain our lifestyle plus save money on that income. We don't have a mortgage or debt, however.

kaudrey · 03-10-2006, 10:54 AM

I, like some others have said, want to be FI, not rich.

When I don't have to work anymore, that's when I'm going to quit. I have lots of hobbies and interests that I'd like to pursue and just don't have the time...

Rustic23 · 03-10-2006, 11:31 AM

Enuff,
The ‘family income’ structure, if graphed would look somewhat like a pyramid or a pear. There are a lot more folks at the bottom than at the top. There is only one Bill Gates, and from there it spreads. At the bottom there are lots of people living under bridges. More than we want to admit. If you sliced this pear in the middle, where would the income line be? My guess is about $50,000. Just because that may be the average income, does not mean folks are living it up, in fact my guess would be like you said, pay check to pay check.

Your point is well takes as to what makes up this figure. Those that have seen my earlier post know I don’t trust many of the statistics quoted. (Except Marshac’s I now know where he gets his from)

We currently live on about $60,000 and have managed to save enough to retire. Our living expanses will be less than $50,000 upon retirement. Major difference is, none of our income will not be subject to SS tax, with hard monthly expenses of less than $3,000. On the other hand I figure my daughter and son-in-law’s income somewhere around $150,000 a year, and they live pay check to pay check.

cute fuzzy bunny · 03-10-2006, 11:33 AM

So I can have...one...millllion...dollars!

Then I'm going to buy some sharks with frickin laser beams on their heads.

ebisky · 03-10-2006, 12:49 PM

Quote:

Originally Posted by setab

For me and Bobby Mcgee, Freedom's just another word for nothing left to loose. The notion that you have to be rich, as in have a lot of money, to be free is misguided, to say the least. If you are defining freedom as the ability to buy that Porsche or not, etc. you are only talking about the freedom to consume. My definition of monetary freedom would come closer to having the bills paid and lunch money in my pocket. But even that definition is falls short. Freedom is more tied to truth, inner peace and contentment than it is to money. The rich can be shackled while the poor can be free. Get rich if you want to. I have no problem with that if that's what you want to do, but don't expect it to automatically make you free, happy or any of the other things that are truly important in the long run.

setab

Just because you have freedom doesn't mean you'll be happy. Freedom is about not having restrictions, not happiness.

"Freedom is more tied to truth, inner peace and contentment than it is to money" Apply your theory to any people or group of people who have been enslaved. I'm sure they would have liked their freedom over any inner peace or contentment they had. Frederick Douglass actually literally acquired enough freedom/money from the sale of his book, "Narratives of a life" to have freedom and no longer be a slave. The best of both worlds is to have inner peace & be free, yet again, any inner peace that results from the refusal to acquire more freedom/money is due to the structure of society.

Ed_The_Gypsy · 03-10-2006, 01:09 PM

Quote:

oh one more thing. naked maid would be nice too.

Funny you should mention that...

This service is available in Edmonton, Alberta. (Do not underrate the ingenuity of Canadians! I am constantly being amazed.

When the rules are different, the game is different!)

Ed The Gypsy,
Stranger in a Strange Land

03-10-2006, 02:33 PM

I don't think that naked maids are very expensive.

kz · 03-10-2006, 02:54 PM

Rich=happiness.

Happiness=giving money away

I want to be rich in order to give money away. It runs in my family.
And it's not b.s. to us.

Enuff2Eat · 03-10-2006, 04:48 PM

kz

i don't mean to give back is b.s. literally. it's just a "political" cool and right things to say and people tends to say that so often withOUT a deep honesty.

rustic23

i agree with you 100%. higher incomer is taxed to death and sometime "think" that they make big bucks and therefore living a pretty high live style and live "paycheck to paycheck".

enuff

Nords · 03-10-2006, 04:49 PM

"A man is a success if he gets up in the morning and gets to bed at night, and in between he does what he wants to do."
* * * * * * * * * * * * -- Bob Dylan

That's rich enough for me. *

Quote:

Originally Posted by TromboneAl

I don't think that naked maids are very expensive.

I'm not so sure about that. *My extensive "naked maid" research on Google indicates that totally naked maids are apparently in short supply-- the rest all seemed to be wearing something.

Although many of the websites appeared eager to exchange offers with me...

Bruce · 03-10-2006, 05:24 PM

Independence! 8)

SC · 03-10-2006, 06:24 PM

Quote:

Originally Posted by setab

The notion that you have to be rich, as in have a lot of money, to be free is misguided, to say the least. If you are defining freedom as the ability to buy that Porsche or not, etc. you are only talking about the freedom to consume. My definition of monetary freedom would come closer to having the bills paid and lunch money in my pocket. But even that definition is falls short. Freedom is more tied to truth, inner peace and contentment than it is to money. The rich can be shackled while the poor can be free. Get rich if you want to. I have no problem with that if that's what you want to do, but don't expect it to automatically make you free, happy or any of the other things that are truly important in the long run.

This is one of the most intelligent paragraphs I've read. Kudos setab.

. . . Yrs to Go · 03-10-2006, 07:10 PM

If I wanted to be "rich" I'd never stop working.

Eagle43 · 03-10-2006, 08:24 PM

Compared to several of my family, I am rich. Why do I want to be? Independence. I just love being independent. And money grants that. Well, money and health. Got both, for the moment.

audreyh1 · 03-10-2006, 08:51 PM

Quote:

Originally Posted by 3 Yrs to Go

If I wanted to be "rich" I'd never stop working.

Bingo!

Audrey

UVaOK · 03-10-2006, 08:57 PM

Quote:

Originally Posted by Eagle43

Compared to several of my family, I am rich. Why do I want to be? Independence. I just love being independent. And money grants that. Well, money and health. Got both, for the moment.

Excellent point about health. I was always told that the first true digit of your net worth is best represented by your health; you can accumulate and attach as many financial zeros as you desire to that first digit, but without it, you're still left with 0. Without your health, being rich doesn't mean much.

cute fuzzy bunny · 03-10-2006, 09:05 PM

Quote:

Originally Posted by TromboneAl

I don't think that naked maids are very expensive.

As it turns out AND BEFORE I MET MY WIFE it happened every now and then at no additional charge.

03-10-2006, 09:54 AM	#22
Enuff2Eat Recycles dryer sheets Join Date: Oct 2005 Posts: 303	Re: why do you want to be rich??? Rustic23 rich is NOT a number. it's a freedom and like some of you said. it's in the eye of the beholder. also, do NOT be fool by the census. the number that you quoted is far far far away from the truth. national average on income per family/household is based on anyone is 18 years of age and above. this includes welfare recipients, millions of retiree (who are rich but got no earning income), ~17-20million college students (guessing from the census), disability and handicaps, investors who are "rich" but shelter their income in their company legally or tax defer program and many more that i can' t think of .... these people bring the average income way down. if your family gross income is around $50k/year. you are just SURVIVING and in some cases, pay check to pay check people. *trust me, i am a living example. enuff

03-10-2006, 10:23 AM	#23
vinhmen Dryer sheet aficionado Join Date: Aug 2005 Posts: 28	Re: why do you want to be rich??? So I can buy stuff.

03-10-2006, 10:50 AM	#24
LRS Recycles dryer sheets Join Date: Mar 2004 Posts: 228	Re: why do you want to be rich??? Boont said: "Don't like the question. Seems immature." What, us immature?? I would ask, is a naked maid really practical? I don't want to be rich. My hub and I could both work to 65 and increase our pensions to fabulous sums, plus double or triple our investments and retire on a couple hundred thousand per year or more. But we've decided that what we want is our present income (about 55,000), adjusted for inflation and medical insurance which must be paid out of pocket. We figure we will reach that goal in about 4.6 years. My kids ask if we're rich and I tell them we are well-to-do. We fit in with our largely middle-class neighbors. They are teachers, firefighters, paramedics, small business owners, mid-level management types. Although we all have nice houses, none are McMansions and nobody is really ostentatious. Many have already retired in their 50's. You see some driftboats, SUV's and a motor home or two, but mostly people are living a successful middle-class existance. That's good enough for me. I'm modifying this to add that at our income, we are not living paycheck to paycheck. Salaries are relative to where you live and how frugal you are. We can maintain our lifestyle plus save money on that income. We don't have a mortgage or debt, however.

03-10-2006, 10:54 AM	#25
kaudrey Full time employment: Posting here. Join Date: Feb 2006 Location: Alexandria, Va Posts: 504	Re: why do you want to be rich??? I, like some others have said, want to be FI, not rich. When I don't have to work anymore, that's when I'm going to quit. I have lots of hobbies and interests that I'd like to pursue and just don't have the time... __________________ Two roads diverged in a wood, and I - I took the one less travelled by...

03-10-2006, 11:31 AM	#26
Rustic23 Thinks s/he gets paid by the post Join Date: Dec 2005 Location: Lake Livingston, Tx Posts: 1,102	Re: why do you want to be rich??? Enuff, The ‘family income’ structure, if graphed would look somewhat like a pyramid or a pear. There are a lot more folks at the bottom than at the top. There is only one Bill Gates, and from there it spreads. At the bottom there are lots of people living under bridges. More than we want to admit. If you sliced this pear in the middle, where would the income line be? My guess is about $50,000. Just because that may be the average income, does not mean folks are living it up, in fact my guess would be like you said, pay check to pay check. Your point is well takes as to what makes up this figure. Those that have seen my earlier post know I don’t trust many of the statistics quoted. (Except Marshac’s I now know where he gets his from) We currently live on about $60,000 and have managed to save enough to retire. Our living expanses will be less than $50,000 upon retirement. Major difference is, none of our income will not be subject to SS tax, with hard monthly expenses of less than $3,000. On the other hand I figure my daughter and son-in-law’s income somewhere around $150,000 a year, and they live pay check to pay check.

03-10-2006, 11:33 AM	#27
cute fuzzy bunny Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Dec 2003 Location: Losing my whump Posts: 22,527	Re: why do you want to be rich??? So I can have...one...millllion...dollars! Then I'm going to buy some sharks with frickin laser beams on their heads. __________________ Many an optimist has become rich by buying out a pessimist

03-10-2006, 02:33 PM	#30
TromboneAl Guest Posts: n/a	Re: why do you want to be rich??? I don't think that naked maids are very expensive.

03-10-2006, 02:54 PM	#31
kz Recycles dryer sheets Join Date: Jan 2005 Posts: 254	Re: why do you want to be rich??? Rich=happiness. Happiness=giving money away I want to be rich in order to give money away. It runs in my family. And it's not b.s. to us.

03-10-2006, 04:48 PM	#32
Enuff2Eat Recycles dryer sheets Join Date: Oct 2005 Posts: 303	Re: why do you want to be rich??? kz i don't mean to give back is b.s. literally. it's just a "political" cool and right things to say and people tends to say that so often withOUT a deep honesty. rustic23 i agree with you 100%. higher incomer is taxed to death and sometime "think" that they make big bucks and therefore living a pretty high live style and live "paycheck to paycheck". enuff

03-10-2006, 05:24 PM	#34
Bruce Dryer sheet aficionado Join Date: Feb 2004 Posts: 41	Re: why do you want to be rich??? Independence! 8) __________________ Time is the fire in which we burn!

03-10-2006, 07:10 PM	#36
. . . Yrs to Go Thinks s/he gets paid by the post Join Date: Sep 2005 Posts: 1,615	Re: why do you want to be rich??? If I wanted to be "rich" I'd never stop working.

03-10-2006, 08:24 PM	#37
Eagle43 Thinks s/he gets paid by the post Join Date: Jan 2005 Posts: 1,660	Re: why do you want to be rich??? Compared to several of my family, I am rich. Why do I want to be? Independence. I just love being independent. And money grants that. Well, money and health. Got both, for the moment. __________________ Resist much. Obey Little. . . . Ed Abbey Disclaimer: My Posts are for my amusement only.

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