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Old 12-11-2014, 05:11 PM
 
47 posts, read 24,473 times
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I feel the first guy will be wealthier overall in the end.
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Old 12-11-2014, 05:22 PM
 
Location: Montana
1,752 posts, read 1,656,380 times
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The secret of wealth is to spend less than you earn.

Doesn't matter how much or how little you earn, you just need to spend less than what you earn, and eventually, you will accumulate wealth relative to your earnings level.
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Old 12-11-2014, 05:24 PM
 
Location: Buckeye, AZ
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It depends, how far along the 100k earner is and how much they put into their 401k. The question is a little too vague.
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Old 12-11-2014, 05:25 PM
 
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This needs many more variables for an accurate answer.
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Old 12-11-2014, 05:25 PM
 
47 posts, read 24,473 times
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Quote:
Originally Posted by mkpunk View Post
It depends, how far along the 100k earner is and how much they put into their 401k. The question is a little too vague.
It's hinted the 100k guy spends it all on fancy toys or lives in an overpriced "hipster" place like SF. No mention of 401k or IRA.
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Old 12-11-2014, 05:35 PM
 
Location: The Triad (NC)
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Quote:
Originally Posted by GoodOldDays View Post
Who's better off? The guy living at home
maxing out his 401k and IRA at 36,000 a year or someone breaking even at 100000
Who has the hottest girlfriend?
Who is having the most/best sex?
Who is traveling and adventuring the most?

You're only 20something and unencumbered once in your life.
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Old 12-11-2014, 05:45 PM
 
47 posts, read 24,473 times
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Quote:
Originally Posted by MrRational View Post
Who has the hottest girlfriend?
Who is having the most/best sex?
Who is traveling and adventuring the most?

You're only 20something and unencumbered once in your life.
The 401k guy can do all those once he has 6 million + net worth in 40 years.
Thanks to new technology by then they can probably reverse the aging process and thus the richer one can afford to take advantage of the newest advances.
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Old 12-11-2014, 05:55 PM
 
Location: Buckeye, AZ
27,351 posts, read 15,795,936 times
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Quote:
Originally Posted by GoodOldDays View Post
It's hinted the 100k guy spends it all on fancy toys or lives in an overpriced "hipster" place like SF. No mention of 401k or IRA.
You should have made just a little more clear.
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Old 12-11-2014, 05:57 PM
 
47 posts, read 24,473 times
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Quote:
Originally Posted by mkpunk View Post
You should have made just a little more clear.
Couldn't fit it in the topic and was rather uncomfortable at the time of typing the first sentence so I had to rush.
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Old 12-11-2014, 06:10 PM
 
Location: The Triad (NC)
28,508 posts, read 62,217,072 times
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Quote:
Originally Posted by GoodOldDays View Post
The 401k guy can do all those once he has 6 million + net worth in 40 years.
Thanks to new technology by then they can probably reverse the aging process and thus the richer one can afford to take advantage of the newest advances.
I'll takes that as a 'no'
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