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Old 09-02-2010, 04:14 PM
 
Location: Planet Eaarth
8,958 posts, read 8,542,670 times
Reputation: 7193

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What reasons would cause you to want to be "rich"?

NOTE: Don't put down that you just want more stuff or more money to buy more stuff. Those are not valid reasons to want to be "rich".

That said what would motivate you to desire to be "rich"??
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Old 09-02-2010, 04:17 PM
 
Location: 'Murica
1,278 posts, read 1,429,403 times
Reputation: 706
not having to worry about going poor
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Old 09-02-2010, 04:19 PM
 
Location: Planet Eaarth
8,958 posts, read 8,542,670 times
Reputation: 7193
Quote:
Originally Posted by Vinsanity View Post
not having to worry about going poor
Ok, but tell us just how being "rich" is better than having "enough" to avoid being poor.
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Old 09-02-2010, 04:23 PM
 
Location: Little Elm, TX
6,946 posts, read 7,345,966 times
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As we reach middle age, most everyone I talk to say it's not about the money, but the ability to get off the treadmill and spend time doing what one considers to be more important things in life - family and friends, and making up for lost time.
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Old 09-02-2010, 04:34 PM
 
Location: 'Murica
1,278 posts, read 1,429,403 times
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Quote:
Originally Posted by Tightwad View Post
Ok, but tell us just how being "rich" is better than having "enough" to avoid being poor.
well we have to determine what "rich" means. It may not take billionaire wealth to secure a comfortable lifestyle, but even if you wanted to live frugally, it still takes quite a bit of money to sustain a retirement plan that starts at age 65 on top of a separate 6 month emergency savings fund.
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Old 09-02-2010, 04:37 PM
 
300 posts, read 217,327 times
Reputation: 292
Quote:
Originally Posted by Tightwad View Post
Ok, but tell us just how being "rich" is better than having "enough" to avoid being poor.
Being more able to deal with hardships that life will throw at you from time to time.

Will "being rich" prevent all hardships? Hardly, but I've seen and lived thru what financial strife can do to marriages and families (including the frugal ones!).

Also not being wholly dependent on a gov't agency and/or charity - unless praying for the 3rd of the month to get here ASAP so you have some money buy food/medicine/utilities is somehow glamourous.
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Old 09-02-2010, 04:39 PM
 
Location: southern california
50,240 posts, read 47,554,186 times
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the desire to purchase your own freedom.
that would be the only reason, and only enough money to do so.
money provides an opportunity to escape from very very bad circumstances.
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Old 09-02-2010, 04:41 PM
 
2,801 posts, read 5,877,821 times
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We are two very frugal people. Love to reduce utilities, no interest paid for over 20 years, love my old car, dress for comfort not style.

However, our wealth removes almost all the stress from daily life, allows for spontaneous things, allows us to help others, etc. It is more a mental condition than having "things".

We saved and saved (because we usually did not have anything special to spend money on) and created a wonderful portfolio which is balanced and diversified. We are going to have a pretty good retirement.
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Old 09-02-2010, 05:02 PM
 
Location: Central Alberta
156 posts, read 222,038 times
Reputation: 73
Its the competition, I want to do better than the guy beside me. Yet I'm probably half the age of most the people posting in this thread. My goal beyond that is being financially set.. asap. Not even needing that daily income, but being financially satisfied is not rich. I want to be rich to have and do ALOT more then the average well off guy. Money = Power.
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Old 09-02-2010, 05:06 PM
 
5,748 posts, read 7,318,101 times
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Why wouldn't I want to be rich?
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