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02-13-2018, 02:12 PM
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#181
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,666
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I have come to the conclusion that if you have ~$2.5m in NW NOT including your main living property. With a 4% WR ($100k PA) That would put you in the Middle to Upper Middle C!&$$ . Add SS and Pensions and it would put you squarely into the Upper Middle. JMHO I could be wrong.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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02-13-2018, 03:01 PM
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#182
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,558
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Quote:
Originally Posted by Spanky
Plymouth is a great location within 30 minutes of downtown Minneapolis and the lake is a lot quieter than Lake Minnetonka, which is crowded by big boats and farther to downtown.
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I like Plymouth quite a bit, and actually love the new neighborhood, even though I'm a little uncomfortable with being on the less wealthy side of the curve now. Its a lot easier to not worry about keeping up with the Joneses when the Joneses can't afford to do anything all that exciting.
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02-13-2018, 03:58 PM
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#183
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,666
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1 problem with Plymouth. Cold as Hell in the winter. Not in my ideal retirement garden spots.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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02-13-2018, 04:06 PM
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#184
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,585
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Quote:
Originally Posted by ShokWaveRider
1 problem with Plymouth. Cold as Hell in the winter. Not in my ideal retirement garden spots.
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I'm not looking to start an argument or anything, but my understanding is hell is not cold at all, but just the opposite - very hot.
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02-13-2018, 04:10 PM
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#185
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,597
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It's well known that the devil tailors each experience to the individual sinner's dislikes, which the devil knows even better than the sinner does.
In other words, you may yet be surprised
Quote:
Originally Posted by MichaelB
I'm not looking to start an argument or anything, but my understanding is hell is not cold at all, but just the opposite - very hot.
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__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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02-13-2018, 04:14 PM
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#186
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,666
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Quote:
Originally Posted by MichaelB
I'm not looking to start an argument or anything, but my understanding is hell is not cold at all, but just the opposite - very hot.
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LOL.... OK you win.... But not an ideal retirement spot nevertheless.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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02-13-2018, 04:29 PM
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#187
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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Quote:
Originally Posted by MichaelB
I'm not looking to start an argument or anything, but my understanding is hell is not cold at all, but just the opposite - very hot.
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Perhaps hell freezes over in Minnesota.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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02-13-2018, 04:57 PM
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#188
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,182
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It's pretty cold there today...
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02-13-2018, 05:01 PM
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#189
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Administrator
Join Date: Apr 2006
Posts: 22,973
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Quote:
Originally Posted by MichaelB
I'm not looking to start an argument or anything, but my understanding is hell is not cold at all, but just the opposite - very hot.
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Dante says that there is a frozen lake in the middle of Hell. https://en.wikipedia.org/wiki/Cocytus
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Living an analog life in the Digital Age.
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02-13-2018, 05:10 PM
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#190
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,666
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__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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02-13-2018, 05:10 PM
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#191
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by ShokWaveRider
1 problem with Plymouth. Cold as Hell in the winter. Not in my ideal retirement garden spots.
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Anywhere in Minnesota in the winter is simply Brrr cold!
__________________
May we live in peace and harmony and be free from all human sufferings.
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02-13-2018, 07:37 PM
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#192
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Thinks s/he gets paid by the post
Join Date: Sep 2014
Location: The Great Wide Open
Posts: 3,789
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My wife kisses me several times during the day, my kids, their spouses and grandkids hug, kiss and seem to enjoy my company. My neighbors wave back when I wave to them, my 7 tenants all acknowledge me and for the most part pay their rent on time all the time. My brothers and sisters all speak to me when I am around, and pleasantries are always exchanged when we get together on a regular basis.
At least to my face.
I am rich beyond compare; life is good. I don't know what class that is, but I'm fine with the one I'm in.
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02-13-2018, 08:50 PM
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#193
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Recycles dryer sheets
Join Date: May 2015
Location: NorCal
Posts: 329
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Just read another recently published article about money and happiness. Apparently there is a sweet spot.
“...It’s been debated at what point does money no longer change your level of well-being. We found that the ideal income point is $95,000 for life evaluation and $60,000 to $75,000 for emotional well-being...Emotional well-being, or feelings, is about one’s day-to-day emotions, such as feeling happy, excited, or sad and angry. Life evaluation, really life satisfaction, is an overall assessment of how one is doing and is likely more influenced by higher goals and comparisons to others... The study also found once the threshold was reached, further increases in income tended to be associated with reduced life satisfaction and a lower level of well-being..."
Money only buys happiness for a certain amount - Purdue University
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02-13-2018, 09:01 PM
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#194
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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I don't believe the above. Most people will agree that there is a diminishing effect with increasing income, but negative?
It could be because the higher income jobs come with more stress, and that additional money may not be worth it. We have seen many doctors on this forum retire early for that exact reason.
But, if one can get more money for no additional work, would you refuse because it makes you less happy? Come on!
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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02-13-2018, 09:18 PM
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#195
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,577
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According to this article you only need 375k in retirement to be middle class.
Nowadays, to sustain a “comfortable” and “middle-class” lifestyle in retirement, a retiree will need about $375,000 in savings. The reality is that most folks fall far short of that number.
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02-13-2018, 09:43 PM
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#196
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Recycles dryer sheets
Join Date: Nov 2015
Posts: 442
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I got it
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02-13-2018, 09:59 PM
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#197
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Recycles dryer sheets
Join Date: Nov 2015
Posts: 442
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Quote:
Originally Posted by FIREd_2015
Just read another recently published article about money and happiness. Apparently there is a sweet spot.
“...It’s been debated at what point does money no longer change your level of well-being. We found that the ideal income point is $95,000 for life evaluation and $60,000 to $75,000 for emotional well-being...Emotional well-being, or feelings, is about one’s day-to-day emotions, such as feeling happy, excited, or sad and angry. Life evaluation, really life satisfaction, is an overall assessment of how one is doing and is likely more influenced by higher goals and comparisons to others.
Money only buys happiness for a certain amount - Purdue University
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I think the good ol' Boilermaker grad students who authored this study are off-- way off. The study states that the the ideal income point is $95,000 per individual. This is the kind of rubbish that leads folks to believe that they'll never retire with enough $ to live happily and well, let alone ER.
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02-13-2018, 10:17 PM
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#198
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Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Reno
Posts: 1,331
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Quote:
Originally Posted by Amethyst
It's well known that the devil tailors each experience to the individual sinner's dislikes, which the devil knows even better than the sinner does.
In other words, you may yet be surprised
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02-16-2018, 10:49 AM
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#199
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Thinks s/he gets paid by the post
Join Date: Jun 2017
Location: Western NC
Posts: 4,610
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Quote:
Originally Posted by Rianne
I think what you're trying to establish is not upper/middle/lower class living. Warren Buffet lives a middle class, possibly lower-middle-class lifestyle. He goes to McDonald's for the cheapest breakfast possible and drives a simple car. He lives in the same house he's lived in forever. .
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Buffet's house is usually pictured from the front.
From that angle, it does appear to be a modest home.
But an aerial photo shows essentially another full-sized home at the back.
There's nothing "lower-middle-class" about where he lives.
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02-16-2018, 11:08 AM
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#200
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Location: DC area
Posts: 2,479
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Sounds like John Goodman's speech in the Gambler. Google it, but NSFW language.
Edit - look for the 1 minute version.
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged
"All models are wrong, some are useful." - George Box
“There is always a well-known solution to every human problem: neat, plausible, and wrong.” - H.L. Mencken
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