Quote:
Originally Posted by Murf993
Your points are all valid. There are uber rich with much different rules, there are rich which I suspect is your category who clearly play be different rules and then there is the rest of the population with varying degrees of wealth, debt, liquidity, assets etc. For most of them they are trying to live a comfortable lifestyle, good cashflow and owning a nice home with some toys (which could be a big screen or a sports car). They try to pay off their home and have some money set aside to retire, which may look like sitting in their garden or doing world travel. A few folks have the luxury of having $1.5M cash on hand to make those types of financial decisions. Lots of us could make investments like you suggest if we had the cash on hand. I'm not rich, but I've done well. If I had it all to do over I'd have made a few decisions differently and been much better off financially, but I have no real complaints, although I must say I am envious of your collection of exotics.
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Yeah - there are people at all points on the scale and the "rules" for each are different. For those living paycheck to paycheck, the rules are "try to stay alive". For those wise enough to squirrel money away, there's a different set of rules. For years I worked hard but felt I was getting nowhere, and even now I would say there's many on the forums earning way more than I am (I don't think I have a really high salary - certainly not in the 1% I know that) - where my lifestyle has come from is founding a company that has slowly grown over the 10 years from 3 people to about 300, and is now worth serious money. You don't have to invent the next Facebook or SnapChat to do well, but I will never be in Zuckerberg's league money wise either.