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Forum: EDF 07-11-2007, 01:16 PM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

rwesty,

Sorry buddy. You:


http://img77.imageshack.us/img77/3687/fail1ti6.jpg
Forum: EDF 07-11-2007, 01:17 AM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

[ QUOTE ]


So...
1) Don't make a lot, but save it all.
2) Make a decent amount, spend all on housing/cars/college.
3) Don't make a lot, but spend it on hobbies.

Why are these the only...
Forum: EDF 07-10-2007, 07:48 PM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

Yeah, hopefully people are still coming back to this thread.

What I meant was something like this:

Would you rather:

1. Live like a "typical" middle income/blue collar worker, not do much...
Forum: EDF 07-10-2007, 01:10 PM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

[ QUOTE ]




OP, I think the problem is that you didnt make the guidelines for wealth #1 clear enough. I think when you were talking about 1 you were talking rich dad/poor dad type stuff (at...
Forum: EDF 07-10-2007, 01:08 PM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

[ QUOTE ]
[ QUOTE ]
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If everyone was like me, saving 2/3 of their gross income before taxes then the economy would tank quickly.

[/ QUOTE ]

WTF?

[/ QUOTE ]
Forum: EDF 07-10-2007, 04:23 AM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

A normal person also isn't going to leave behind his family and friends and move to a poor country, so, it isn't so easy for most.
Forum: EDF 07-10-2007, 12:45 AM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

[ QUOTE ]
Number 1 is by far the nuts. If you have that then the other 2 are given.

[/ QUOTE ]


That isn't true at all. For most people, attaining #1 means giving up large expenditures...
Forum: EDF 07-09-2007, 11:16 PM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

[ QUOTE ]
why would that warrant its own discussion when it's so obviously false?

[/ QUOTE ]

I guess not its own discussion - I just wanted to hear his reasoning?
Forum: EDF 07-09-2007, 08:29 PM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

[ QUOTE ]
3 early in life is the only probable route to achieve 1, 2 or 3. When did you last meet that guy that prioritized to get good grades in school instead of travelling half a year and then...
Forum: EDF 07-09-2007, 05:36 PM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

[ QUOTE ]
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type 1 wealth seems like masturbation, and fairly stupid to have as a goal.

[/ QUOTE ]

type 1 is the only one that is actually WEALTH

the others are just RICH; as soon...
Forum: EDF 07-09-2007, 05:34 PM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

[ QUOTE ]
If you arent rich by teh time you are 50, imo, it was a waste to save all that money. I also think people are over estimating how hard it is to turn a 90k to 150k/ yr job with a wife and...
Forum: EDF 07-09-2007, 05:08 PM
Replies: 67
Views: 284
Posted By emon87
Re: Different types of wealth

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
type 1 wealth seems like masturbation, and fairly stupid to have as a goal.

[/ QUOTE ]

type 1 wealth leads to security and having free time to do whatever you...
Forum: EDF 07-09-2007, 04:48 PM
Replies: 67
Views: 284
Posted By emon87
Different types of wealth

After reading a couple of personal finance books (the Millionaire Next Door and Richest Man in Babylon), I have been doing a lot of thinking about what constitutes "wealth" and what is the best type...
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