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Old 05-05-2016, 03:35 PM
 
8,238 posts, read 6,595,679 times
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As an aside, I see lots of cases of 'money buying love'. Happens for men who have money quite often.

And is happening for some women these days who have money.
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Old 05-05-2016, 03:49 PM
 
260 posts, read 235,017 times
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Quote:
Originally Posted by Densi52 View Post
I believe I have read that 70k/yr is the magic income. Anything above that didn't provide any real enjoyment.
IMO anyone who believes that there is a magic number that pertains to all really is clueless!
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Old 05-05-2016, 03:51 PM
 
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there is no limit to what i could find a use for . i guarantee you if anyone here was given an additional 50k a year they would enjoy spending every penny of it .
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Old 05-05-2016, 04:05 PM
 
Location: Ponte Vedra Beach FL
14,617 posts, read 21,527,554 times
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Quote:
Originally Posted by matisse12 View Post
As an aside, I see lots of cases of 'money buying love'. Happens for men who have money quite often.

And is happening for some women these days who have money.
Not sure I'd call it love - but it's someone to cuddle with . For example:

https://en.wikipedia.org/wiki/Anna_Nicole_Smith

When we lived in south Florida - we used to spend weekends at the Breakers in Palm Beach. And it used to have what the locals referred to as "hags and f***" social events. Older wealthier widowed/divorced women being escorted by young gay guys - who tended to their needs. Can't say that if I wound up being an old wealthy widow - that I wouldn't rule out this kind of paid companionship. And I have encouraged my husband to do likewise if I predecease him (although I think he would be less likely to do it than I would - just his nature).

Obviously - after you've been married for a long time and are joined at the hip with your spouse - we'll be celebrating our 45th anniversary this year - you would prefer to die simultaneously - or be the first to die - but that isn't always in the cards.

Guess I would just have to see how I felt if my husband died before me. I know that my father was doing online dating when my late mother was terminal - before she was even dead. I certainly wouldn't/couldn't ever do that. Robyn
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Old 05-05-2016, 05:24 PM
 
Location: Dallas
31,292 posts, read 20,780,433 times
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Quote:
Originally Posted by Densi52 View Post
I believe I have read that 70k/yr is the magic income. Anything above that didn't provide any real enjoyment.
That's way too low in my experience.
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Old 05-05-2016, 05:47 PM
 
Location: Texas
133 posts, read 175,634 times
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I'm single and make more than twice that amount now. However, I know for a fact that I could live off $75k. And that is with a mortgage. A few minor adjustments (i.e. trade the BMW for a more affordable car) and I'm good to go. Of course, I'm a homebody but I think I could afford to take trips when I wanted without dipping into savings.
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Old 05-05-2016, 05:59 PM
 
2,560 posts, read 2,307,367 times
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Quote:
Originally Posted by matisse12 View Post
As an aside, I see lots of cases of 'money buying love'. Happens for men who have money quite often.

And is happening for some women these days who have money.
Not quite sure that is "love" they are buying.
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Old 05-05-2016, 07:14 PM
 
6,438 posts, read 6,935,456 times
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Quote:
Originally Posted by Mr5150 View Post
Why retirees with low savings are happy anyway


Millions of retirees say they will never fully recover from financial losses during the Great Recession, new data show. Yet the vast majority say they are happy. That's not as contradictory as it may sound. For most retirees, having the time to do what they want is far more satisfying than having money to live well.




Why retirees with low savings are happy anyway
Where did their money go? The market hit a new high, well above the pre-recession high, in May 2015.

Some people may have sold at the bottom but whoever they sold their stocks *to* must be very happy.
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Old 05-05-2016, 07:51 PM
 
493 posts, read 444,101 times
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This is the actual conclusion of the article.

"Yet there is no denying the high happiness readings among retirees—the highest indicators are for those who are married or who have guaranteed lifetime income in addition to Social Security. "

Nuff said.
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Old 05-05-2016, 10:42 PM
 
Location: Verde Valley AZ
8,775 posts, read 11,924,830 times
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Quote:
Originally Posted by johnd393 View Post
At first I think if I had a little more money, I could meet my needs and life would be so easy. Than a little more money comes and I realize there were needs that I didn't consider when I had less because there was no realistic chance of meeting them. Now I'm aware of other needs that must be met and I need more money. Than more money comes and the process repeats.
There must be a income point where all needs are met and what's left are wants. There must be a income point where all wants are met and what's left is just keeping score.
I'm still discovering more needs.

I guess that's why they say the more you make the more you spend and it's true. Because so many 'needs' have been put on the back burner that once you have the means to take care of them, you do. I've always been able to take care of 'most' of my needs but a LOT of my wants were put on the back burner. Living just above poverty level for a long time you learn to say "No" to a lot of things. I did it for so many years it was really hard to let go of the habit. I still hold onto some of that. But some of the needs that weren't being met back then are taken care of now, and have been for a few years. It's a good feeling and my wants are minimal.


I'd still like more money though.
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