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Well, we will travel as far as someone wants to pay us!! LOL. Which isn't very often since it's hard to beat the local guy on price when I have to pay all the out of town expense. I was in Lexington just last weekend picking up a truck we bought to make a repair truck out of. First time I have been there over than the power tour. If you get this way, hollar and we'll talk shop....or cars....or both!! :cheers: LOL!:cheers: |
More likely the guy driving the 2006 duramax with Velcro tennies and ordinary looking is the millionaire in the sea of others.
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Xactly.
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Well I hope to be one of the million-airs here on lateral-g.I just have to keep working hard and in about 20-30 year's I might get there.:lol: I hope lateral-g is still going.:lol: :lol:
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<----- Not a millionaire
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Interesting topic, but I don't see the reason why some people get bent out of shape about discussing this topic. I grew up broke, and always tried to learn from those that had achieved some level of success. I'm still learning. I also share what I've learned along the way, to those interested in doing something with the information. To the casual commenter that just makes some sort of wiseguy remark, stereotyping others for having nicer toys as not having earned it, I don't have time for those people. Like Stuart said, those people have a "me" problem with themselves. I know numerous people from all income levels that are 100% content with their lifestyles, nothing wrong with that. I've always had pride and have always been driven, no matter what my current paycheck at the time stated. That drive, ambition, and action is what the haters lack. It is much easier to sit back, be lazy, and criticize and be envious, instead of getting off your ass and doing what it takes to reach a desired level of financial success.
Also, Greg's statement about net worth vs annual income are pretty damn accurate. Having a 7+ figure net worth doesn't make someone live some sort of extravagant lifestyle, jet setting across the globe, having 20 exotic cars, and multiple mansions. Those guys have the 9+ figure net worth nowadays. I'd love to get there someday. |
Nicely said!!! :thumbsup:
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Good post Nine!
I said earlier -- or maybe in the OWS thread... that what really scares me the most is that people don't have enough savings for retirement. The reason that scares me is because I know what it costs to live and how much it takes to earn enough off of your "savings". Todd said it very well - that it's not how much you make - but how much you spend. That's very true. But there are basic living costs that everybody has... and these take real cash to pay. If you need 50K to pay your bills now (4K per month) - that will take 60K or more with inflation. Property taxes keep rising etc. To "take home" 60K - a guy might get 2K (maximum) from Social Security.... Now you have to make another 36K after taxes... and that takes just short of one million bucks. You really can't just sell your house and move somewhere cheaper... it just doesn't work like that. You'll have grandkids and friends - and it's where you've lived for "X" years etc. So that "asset" really isn't available to live on. Plus - most will need to sell their house later when they're needing assisted living etc (it cost me over 500K to support my mother for 4 years... Since I owned the house outright - I sold it for 204K and used that up first). That equity needs to be the court of last resort. I think what Nine - and I - have been saying is that all this "millionaire" talk is nice if you're looking up from the bottom... it looks like OMG that guy is rich... but in reality -- you have to have a "few" million just to be "comfortable" - a "bunch" to be "rich" - and a gazillion to be the kind of millionaire that people dream about (including the guy that is comfortable and the "rich" guy!). And oh hell yeah life is "easier" when you have some dough but you have to be HAPPY first. Even the Ten Commandments makes a statement about coveting the other guys stuff... And here's what Nine was saying - it's what makes the difference... I have a personal trainer. While working out - we discuss life etc. He is now invested in some stocks - 10K worth that he'd saved up that was "sitting" in CD's earning zippola. We'd sit and watch CNBC - next thing he's asking about why/what/how - what did I do with this or that and what they were talking about and what it meant...HE TOOK INTEREST on his own! Then asked me for "help" selecting etc. Then he took action and now owns some dividend paying stocks. Now we're working on some ideas that could really be a hit (or not). They're HIS ideas - we're just bouncing around the add ons and the possibilities of marketing etc. My point is... that he hasn't stopped at just being a PT... he's always thinking about "the next thing" - a move up - how to work a little more and what it takes to be an achiever. He's not sitting around being static.. he's active in his own success. |
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