Re: Different types of wealth
quids says
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I got the impression that he was talking about living like a pauper @ 25, so he'd be rich later. I may be wrong.
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emon87 says
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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.
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whatever, after actually reading the thread it looks like you already admitted to being wrong about what i was arguing since pauper = 3rd world life. i'm not sure why you can't admit this.
clearly the way to live is a balance of all 3 options unless you don't like doing anything (#1) or have an income that would never end without notice (#2/#3).
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