Help for the mere millionaire

[RISP]

I learned that many people of wealth are hidden, isolated, and troubled about their wealth. I wanted to help people in that frame of mind start to heal their wounds around wealth [...].

Gosh, life is tough. Good that someone is helping out these poor fellows.

 

[clifp]

The original topic was interesting, but I never buy bacon, seldom eat it out, except at buffet, and consequently I am completely unable to contribute to the thread.

 

[Culture]

A 357 might be OK, but does it need all 6 shots to hit? And do you know how loud a large gun would sound inside a home, leave alone an RV? You would be deaf for a long time after the 1st shot, if your hearing is not permanently damaged.

Let's go one more step away:

Do what I did. Get a 454 Casull. The muzzle blast alone will scare away the bear. I wear ear plugs AND ear muffs when I shoot it, and it is a necessary requirement. The whole range stops and looks when I let one off, especially when shooting under cover. You probably won't hit anything after the first shot because you either dropped the gun or are holding your wrist in pain, but hit or miss, the bear will likely be gone.

 

[MichaelB]

Let's go one more step away:

Do what I did. Get a 454 Casull. The muzzle blast alone will scare away the bear. I wear ear plugs AND ear muffs when I shoot it, and it is a necessary requirement. The whole range stops and looks when I let one off, especially when shooting under cover. You probably won't hit anything after the first shot because you either dropped the gun or are holding your wrist in pain, but hit or miss, the bear will likely be gone.

What could possible go wrong with this?

In the unlikely event that I find myself in an RV exposed to potential unwanted bear attention I'm following Brewer's advice

In any case, much smarter to be bear aware and keep attractants tucked away.

 

[NW-Bound]

I take it that it would also be unlikely to find yourself in an RV that is not exposed to bear hazard?

RV is certainly not for everyone. Else, there would be a traffic jam on the Alcan highway, more busy than it already is.

 

[MichaelB]

I take it that it would also be unlikely to find yourself in an RV that is not exposed to bear hazard?

RV'ing sounds like it could be lots of fun, but it's not for me - I don't like to drive. Going along as a passenger is something I wouldn't mind trying.

 

[nun]

Nay, on the contrary, the moderators are specially selected & trained for their ability to introduce bacon topics to selected threads!

Unfortunately, it all too often takes the form of Porky Pig.

Back on topic. I believe that the keys to financial and money management success for most of us are simple thrift and being risk averse. Those are qualities that many millionaires don't possess; the highly paid have never learned thrift and so spend too much when they have a limited fixed income; the people that made their money through risky speculation will roll the dice again and might loose a lot that time around and those that inherit or win money just haven't have the experience to manage it correctly.

 

[ducky911]

Nords wrote.

I suspect that this pricing could lead to an opportunity for entrepreneurial early retirees. Why, for just $5000 I could offer an intensive three-day curriculum on Oahu that covers the same subjects and includes a free surfing lesson!

one question.........hosted bar?

 

[MasterBlaster]

The original topic was interesting, but I never buy bacon, seldom eat it out, except at buffet, and consequently I am completely unable to contribute to the thread.

The two topics running through this thread make a lot of sense when you see that bacon deniers are similar to people who inherit wealth. It's a guilt thing.

I learned that many people that don't eat bacon are hidden, isolated, and troubled about their eating habits.

I learned that many people of wealth are hidden, isolated, and troubled about their wealth.

 

[NW-Bound]

So, perhaps Bacon ≈ Wealth?

If so, it follows that one can substitute for the other, or at least complement it?

It now makes more sense to me. Thanks for the enlightenment. Only here in the ER forum. I am sure many financial writers who lurk here are taking notes.

 

[NW-Bound]

While the BAWH ("Bacon can Approximate Wealth Hypothesis") will be contested and perhaps remains unproven indefinitely in some skeptic's mind, the enlightenment has just reminded me of the following song.

Johnny Nash - I Can See Clearly Now - YouTube

I will have to log off now to go to Home Depot to buy some hardware to build a trellis for my wife's squash plant to grow on to. No more bacon until that is built, the missus has decreed. See you all later.

 

[Jay_Gatsby]

Like Hamlet said, knowing how to earn lots of money is not the same as knowing how to manage it. [Insert name of professional sports figure here.] In fact, I believe that knowing how to earn lots of money actively discourages you from learning how to manage it. Why would you need to do the latter if you're already nailing the former?

Funny blog entry/article on money as a renewable resource. http://blog.canadian-dream-free-at-45.com/2010/11/29/money-as-a-renewable-resource/

Key point raised is:

"These people, like my kids, see money solely as a renewable resource. Every month, there will be more money, so there’s no reason to save and there’s no reason not to spend it all."

 

[Jay_Gatsby]

So, perhaps Bacon ≈ Wealth?

If so, it follows that one can substitute for the other, or at least complement it?

It now makes more sense to me. Thanks for the enlightenment. Only here in the ER forum. I am sure many financial writers who lurk here are taking notes.

So based on the foregoing logic, could it be said:

"Bacon is not the root of all evil. The love of bacon is the root of all evil?"

 

[NW-Bound]

I will draw a parallel to this saying, "Lack of money is the root of all evil." - George Bernard Shaw, and suggest that "Lack of bacon is the root of some evil".

You may dispute that, but will at least have to agree with me on a less wide-reaching statement.

"Lack of bacon is the cause of hunger" - NW-Bound

By the way, I just saw the following on Amazon.

 

[NW-Bound]

PS. I would modify your quote as follows.

"Bacon is not the root of [-]all evil[/-] obesity. The love of bacon is the root of [-]all evil[/-] obesity".

 

[deserat]

About the toughness, I did not see the difference. It could be because my wife tended to overcook the regular bacon to render more fat out, and quite often the bacon got a bit crunchy. But now that you have mentioned the taste...

It could be simply that you have a more discerning palate, but you made me wonder. Being the curious type, I will have to get to the heart of the matter, and have to do a more detailed A/B test for myself.

See the trouble you caused? A minute ago, I was happy with the status quo. Now, I wonder if I miss out on something.

I read where one could take a package of regular bacon - cook it in the oven and then freeze it yourself for quick microwaving later.....I'm going to try it

 

[ERhoosier]

Late to this bacon-fest, so please pardon me for a diversion back to the OP. Nord's post of $1-5M ER range is not that rare these days, even for some fortunate blue-collar workers. Long ago I worked UAW for Chrysler & some of my buds from back then (those lucky enough to survive the layoffs!) ER'ed in their early 50's (after 30+yrs). I know others who worked in city gov't with similar retirement packages after 35+yrs of service. Viewed as a functional 'immediate annuity', these retirement packages are easily worth >$1M (inc. retirement pay, insurances, etc.). Add in whatever they put away in additional retirement savings (IRA, etc.) and they have a 7-figure nest egg to manage. Most would not view these folks as "rich". OTOH- Someone building up a moderately successful small business over 30+yrs who sells it off for $1M is termed "rich" by many (inc. certain politicians). In reality both ER scenarios have similar net worth, and many similar financial management challenges. Both may be ripe for abuse by unscrupulous types in the financial industry.

 

[Nords]

Edited to add: How is that for thread-jacking?

I'm impressed!

I've read about active noise-suppressing headphones for shooting firearms. But I suspect they're a lot more expensive than a combination of earplugs + earmuffs.

I'm getting to the point where I can't distinguish higher frequencies (mostly women's voices) from cocktail-party-chatter background noise. I can hear that they're talking, but I can't pick out the words. It's annoying, but I've decided that acute hearing is overrated.

Nords wrote.
I suspect that this pricing could lead to an opportunity for entrepreneurial early retirees. Why, for just $5000 I could offer an intensive three-day curriculum on Oahu that covers the same subjects and includes a free surfing lesson!
one question.........hosted bar?

Crap, even Wharton's $10K/week couldn't handle the bar tab for this crowd...