Six levels of wealth - how are you doing?

luckydude said:
It's a sweeping (and stereotypical) generalization to assume that just because someone has lower level of wealth (in your example, Smith being at level 1), that this person has no friends and is socially isolated.
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I didn't see levels 1 and 2, only levels 3 through 6 that pb4uski posted but if level 1 referenced people living in poverty- I worked in social services with people in poverty and typically their friends and family are the most important part of their lives. They will actually drop everything to go help their friends. Which sounds great unless you are working with them and their employer!
To say that they don't have any just shows what horse manure this guy is dishing out. IMO.
 
planuntilthefisthits said:
I'm seriously curious about this, and hope you or others can explain. I see random people walking their dogs in a park or street and then they stop and have animated conversation. Sometimes I am with a friend without his dog, and if he comes across a dog, he gets all swarmy and wants to talk to the owner. Clearly these people don't know each other. What are they talking about? Why the attraction?
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Some people enjoy seeing other dogs and talking to their owners. What do they talk about-I don't know but probably the dog, what breed etc.
 
Irishgirlyc58 said:
Some people enjoy seeing other dogs and talking to their owners. What do they talk about-I don't know but probably the dog, what breed etc.
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I walk my dog three times a day and sometimes take him to the local park for walking and glaring at the ducks! I meet all kinds of people walking dogs there and we generally talk about our dogs, the park, and the weather.
 
imjustawarrior said:
I have found the best way to build social connections is by having a dog. The cuter or uniqueness improves the odds. 😁

I can meet more people than I care to with my dog.
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Somewhat unfortunately so true. I never met so many neighbors until I had my dog. And when he was a puppy, even outside of the neighborhood, cars would little stop in the street to say hello.
 
planuntilthefisthits said:
I'm seriously curious about this, and hope you or others can explain. I see random people walking their dogs in a park or street and then they stop and have animated conversation. Sometimes I am with a friend without his dog, and if he comes across a dog, he gets all swarmy and wants to talk to the owner. Clearly these people don't know each other. What are they talking about? Why the attraction?
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We have a very uncommon breed. He is a 100 lb Bouvier Des Flandres. He is also a brindle. People have no idea what he is, so this draws a lot of attention. People will ask about him. We have even had people pull over and ask if they can pet him. We have had people drive by and take pictures. Everyone in our neighborhood knows him. People will call down the street to say hello to him by name. One neighbor man knocked on the door and asked if he could walk him.

When we meet other dog people we don't know, we talk about our dogs. Kind of like you would talk about your kids. It is kind of like if you are into sports are a music group or anything else. If you see someone with a shirt that you identify with, you talk to them. I think people like to have connections, and when they see someone with the connection they like, they engage about the connection.
 
imjustawarrior said:
Makes me think of Gene Hackman and his wife. They were level 6, but they were recluses.
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Question, for those who know (because I don't follow such things): were the Hackmans a low-key, low-spending couple? In other words, sure, they were wealthy. But if they were reluctant to spend, perhaps that... actually supports my point?
 
It's true. Everybody loves Peanut, the worse the hair day, the better.
PXL_20250619_142227899.jpg

come on, he has paint brushes for paws!
 
skyking1 said:
Nobody but Peanut rides there. It is the buckboard on a rough riding dump truck.
Buckboard = seat without air ride.
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I was just kidding...Peanut looks like he wants to be there with you. For my little guy, I set him up in my car with some luxury (and he loves the perch between the seats to sit on that I made):

car seat.jpg
 
It's about 25 minutes from home to the shop. I rarely have to bring the combination home but when I do, he accompanies me to the office to drop off the truck and excavator. The owner just loves him up, everybody pets him. It is a good treat for him.
 
We are mostly 4, with some of 3 mixed in. We have enough not to worry and we live a modest lifestyle.
 
I'm just above level 4 in net worth but my total yearly spending has been under 14k every year but one since I retired 8 years ago at 51 (no pension). One year my total spending was between 15-16k when I had hernia surgery.
 
Digger1000 said:
I'm just above level 4 in net worth but my total yearly spending has been under 14k every year but one since I retired 8 years ago at 51 (no pension). One year my total spending was between 15-16k when I had hernia surgery.
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That's amazing. I pay that much for HOA dues!
 
Digger1000 said:
I'm just above level 4 in net worth but my total yearly spending has been under 14k every year but one since I retired 8 years ago at 51 (no pension). One year my total spending was between 15-16k when I had hernia surgery.
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Thank you digger.
 
I suppose the type of spending outlined in that article creates jobs for bodyguards, chefs, caretakers and assistants of every sort, so there are benefits to more than just the extravagant spender.
 
I agree it can be kind of fun to see where you stand in these arbitrary bands, but any numbers like these that don't adjust for regional COL are worthless. $5M in NYC is just not the same as $5M in Missouri. I know he put in ranges, but the COL issue remains. It is really hard to have a national conversation when everyone's frame of reference is so different.
 
JohnnyBGoode said:
I agree it can be kind of fun to see where you stand in these arbitrary bands, but any numbers like these that don't adjust for regional COL are worthless. $5M in NYC is just not the same as $5M in Missouri. I know he put in ranges, but the COL issue remains. It is really hard to have a national conversation when everyone's frame of reference is so different.
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As someone living in a high cost of living area, this feels like both a yes and no.

When I was working, I had to live in this area to keep my job. However, since my husband and I retired, we could choose to move somewhere cheaper.

Staying here is a choice.
 
Yep! I also live in a high cost of living area and plan to stay, so I’ve factored that into my retirement plans. And certainly, once the mortgage is gone, the gap isn't as dramatic.

But I still think it’s tough to have a meaningful national conversation using fixed dollar bands. $5M just doesn’t mean the same thing in NYC as it does in, say, the Midwest. I don't think there is much to be done about it, just an observation.
 
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