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 want, which I think most people value pretty highly.
[/ QUOTE ]
most of the wealth gained from this style doesnt come until later in life, 50 to 60 years old, after your portfolio has time to matured etc (Im obv making generalizations), but I dont want a couple million when Im 60, its seems like striving for that goal would make my life miserable.
[/ QUOTE ]
This is exactly the type of debate that I was looking for.
Also, in type 1, you don't necessarily pick up every penny you see on the ground - rather, you save 15% or more of your pretax income, buy cheaply, etc. You're not living a third world life. Rather, you're just not living "like a millionaire" - you're living like an average blue collar worker.
|