Are you the 1%?

[Danmar]

Quote:

Originally Posted by NW-Bound You need to buy another home. One on the north shore of Lac Léman would do it, as the PV home apparently was not enough to bleed off that bursting-at-the-seam portfolio. Or maybe Lake Como? PS. While looking for an apartment to rent for a few days in Lausanne, I happened to spot a house for rent on Lac Léman. The price was more than $8000 / night.

Thanks for the advice. Did look at Lake Como at one point but past that now. Hard enough looking after the ones we have. Next move will be a sale. $8,000 per night would have an impact. Was it nice?

[NW-Bound]

Quote:

Originally Posted by Danmar $8,000 per night would have an impact. Was it nice?

I am looking for it again on AirBnB to provide a link to, but cannot find it again. Wonder if they take it off the rental market.

As it is 40x more than I can pay, I did not look at the listing closely to see what it offers.

[street]

Quote:

Originally Posted by CRLLS I(we) am (are) 64 yrs old. I do not know what people may make. I don't know what other people's net worth is and don't really care very much what other people have. I think I had maybe only 1 or yr of income over 6 figures. most years were much lower. Anyone on the street would not expect me to have the investments I have. Investible money is more about LBYM and the years doing so than any given income. Being in the upper 1% is more about the luck of being born, raised, living and working a fair number of years in the good ol' USA. Oh, and don't forget planning for FIRE for most of those years. BTW, I (we) had very little in my early thirties. Time is your friend.

So true! My history is very similar to yours. Starting time in saving is KEY so start young it doesn't have to be a lot but save.

I'm not in the 1% but I am in the upper 5% and very blessed in life.

[Gumby]

Currently, income>expenses. So long as that continues to be the case (and I expect it will for the foreseeable future) then we are happy, regardless of whether we are in the 1%, 5%, 10%, 50% or something else.

[traineeinvestor]

Quote:

Originally Posted by kcowan I keep my iPhone and cash in a ziploc to keep the salt water away when hiking and beach walking. One other walker does the same thing.

I do the same and my the firm's iPhone thanks me for it.

[Amethyst]

I think that's the shortest and best way to put it.

Quote:

Originally Posted by Gumby Currently, income>expenses. So long as that continues to be the case (and I expect it will for the foreseeable future) then we are happy, regardless of whether we are in the 1%, 5%, 10%, 50% or something else.

[traineeinvestor]

Quote:

Originally Posted by Gumby Currently, income>expenses. So long as that continues to be the case (and I expect it will for the foreseeable future) then we are happy, regardless of whether we are in the 1%, 5%, 10%, 50% or something else.

Another +1 on this.

Anything else is of more use to people trying to get a piece of my nest egg than it is to me.

[ikubak]

Quote:

Originally Posted by daylatedollarshort I deleted my post because I thought it might be a bit over the top, but I really do just have my cheap smart phone in a ziploc. Actually it is not even a ziploc. I think it is an Ikea plastic bag.

I'll show off......I don't have a cell phone or smart phone or whatever you call those gadgets!

[robnplunder]

Quote:

Originally Posted by ikubak I'll show off......I don't have a cell phone or smart phone or whatever you call those gadgets!

Wow, that's impressive. I have a cell phone in my golf back just in case I get stranded when my car breaks down (or I have to call the golf shop to complain about slow pace ).