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Old 09-10-2019, 10:24 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
23,015 posts, read 40,558,107 times
Reputation: 24352

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You did better than most. When did that hit home?

Bout age 15 (I was working full time night shift)

age 16 +++ (even better) when I was living away from home (and working night shift).

Filthy rich ($1 / hr)
Rent took most of the wages.

Gas ... $0.19 / gal.
IN only 3 more yrs I would be brewing my own fuel (for free) and still do so...nearly 50 yrs later.
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Old 09-10-2019, 11:25 PM
 
8,213 posts, read 5,194,475 times
Reputation: 13982
Quote:
Originally Posted by SaraR. View Post
It doesn't matter whether you do better than most people. It's not a competition


It matters whether you are happy and have your basic needs fulfilled (shelter, food, healthcare)
Well, that's the crux of the whole debate, isn't it? Are criteria for success absolute, or relative.

Let's consider this thought-experiment. In Scenario A, the time is 500 BC. You are a tribesman in a primitive village. Most villagers have a disease or two. Most have lost several children. Most have several missing teeth. And typically they might have one or two cows. Everyone is illiterate, and worries about harassment by a stronger, neighboring tribe. You, on the other hand, have only lost one child to disease. You have 5 cows. And you only have two missing teeth. In relative terms, your situation is superior in the village.

In Scenario B, the time is the present. You're an invited-speaker at Davos. Your net worth is $50M. You have a vacation house, besides your fancy condo in Manhattan. And you have a nice yacht. You flew to the meeting via charter-flight. But most other attendees flew to the meeting in their own private jets. Their net worth is >$100M. And besides a condo in Manhattan, they each have a place in London, a country-house in southern France, and a farm in Australia. And their yachts are bigger.

Which scenario would you choose?
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Old Yesterday, 12:08 AM
 
448 posts, read 177,929 times
Reputation: 1297
Quote:
Originally Posted by JustMike77 View Post
Actually, it was my Son who made it hit home for me. He was living in San Diego and I was visiting one time and having lunch with him and a friend of his. I offhandedly mentioned that if he stayed living there, I might "drop a hundred grand on a boat to park in San Diego harbor for when I come to visit". After his friend left, my Son scolded me severely. "Dad, you just can't talk like that. Most people can't just buy a $ 100,000 boat for when they come to visit". My first thought was, "They can't ?" So I started doing some math on how much "good jobs" pay and then I was like, "Oops, now I get it". I've never made a comment like that since.
Really?

Hahahaha. I don't believe you. You made that comment because you were bragging. Sad that you embarrassed yourself and your son, but that's O.K. Everyone makes mistakes.

Did you brag because it made you feel superior for 5 seconds? If you can push the friend down, did it make you feel that much better after your chat? Why do you have to brag to feel better about yourself?

In actuality, what you did had the opposite affect. Instead of being impressed, your son was annoyed and his friend was not impressed with your being so boastful. Maybe your son will be having lunch with you alone next time.

"Maybe I should buy a Maserati and park it in a rented garage for me to drive when I come visit you."

It is always best to stay humble.
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Old Yesterday, 01:34 AM
Status: " ." (set 10 hours ago)
 
117 posts, read 22,881 times
Reputation: 148
Quote:
Originally Posted by ohio_peasant View Post
Well, that's the crux of the whole debate, isn't it? Are criteria for success absolute, or relative.

Let's consider this thought-experiment. In Scenario A, the time is 500 BC. You are a tribesman in a primitive village. Most villagers have a disease or two. Most have lost several children. Most have several missing teeth. And typically they might have one or two cows. Everyone is illiterate, and worries about harassment by a stronger, neighboring tribe. You, on the other hand, have only lost one child to disease. You have 5 cows. And you only have two missing teeth. In relative terms, your situation is superior in the village.

In Scenario B, the time is the present. You're an invited-speaker at Davos. Your net worth is $50M. You have a vacation house, besides your fancy condo in Manhattan. And you have a nice yacht. You flew to the meeting via charter-flight. But most other attendees flew to the meeting in their own private jets. Their net worth is >$100M. And besides a condo in Manhattan, they each have a place in London, a country-house in southern France, and a farm in Australia. And their yachts are bigger.

Which scenario would you choose?
The one where I get to keep all of my teeth
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Old Yesterday, 08:08 AM
 
16,836 posts, read 4,420,594 times
Reputation: 11739
Quote:
Originally Posted by ysr_racer View Post
Showing up to an event event driving a few year Bentley is very humbling. Those guys with new cars can be so cruel.
My Dad had a couple Rolls Royces - bought them well used of course.

But it was amazing the effect it had on people....they thought he was a Saudi Prince or the like!
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Old Yesterday, 08:10 AM
 
16,836 posts, read 4,420,594 times
Reputation: 11739
Quote:
Originally Posted by RationalExpectations View Post
The wealthiest human being on the planet is Vladimir Putin, with an estimated net worth exceeding $250 Billion, and possibly as high as $500 Billion. That greatly exceeds the combined wealth of Jeff Bezos, Bill Gates, and Warren Buffett.

Socialism's redistribution has worked out very well for Vladimir Putin -- the country's wealth has been redistributed to him.
Well, maybe....but if the people decide otherwise, he will lost 95% of it in a heartbeat - and many even hang for it.

His risk is larger than that of some others.
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Old Yesterday, 08:11 AM
 
16,836 posts, read 4,420,594 times
Reputation: 11739
Quote:
Originally Posted by ohio_peasant View Post
Well, that's the crux of the whole debate, isn't it? Are criteria for success absolute, or relative.

Let's consider this thought-experiment. In Scenario A, the time is 500 BC. You are a tribesman in a primitive village. Most villagers have a disease or two. Most have lost several children. Most have several missing teeth. And typically they might have one or two cows. Everyone is illiterate, and worries about harassment by a stronger, neighboring tribe. You, on the other hand, have only lost one child to disease. You have 5 cows. And you only have two missing teeth. In relative terms, your situation is superior in the village.

In Scenario B, the time is the present. You're an invited-speaker at Davos. Your net worth is $50M. You have a vacation house, besides your fancy condo in Manhattan. And you have a nice yacht. You flew to the meeting via charter-flight. But most other attendees flew to the meeting in their own private jets. Their net worth is >$100M. And besides a condo in Manhattan, they each have a place in London, a country-house in southern France, and a farm in Australia. And their yachts are bigger.

Which scenario would you choose?
No yacht. No private jet (even Buffet uses net jets). And only the properties I could easily handle.
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Old Yesterday, 08:35 AM
 
3,896 posts, read 3,233,535 times
Reputation: 8372
Quote:
Originally Posted by RationalExpectations View Post
The wealthiest human being on the planet is Vladimir Putin, with an estimated net worth exceeding $250 Billion, and possibly as high as $500 Billion. .
He's also the only person on Earth who owns an American president.
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Old Yesterday, 08:47 AM
 
Location: Colorado
131 posts, read 30,203 times
Reputation: 601
Quote:
Originally Posted by ohio_peasant View Post
And their yachts are bigger.

Which scenario would you choose?

This is the reason that I don't get into a yacht measuring contest with my friends. Someone always has a bigger yacht.
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Old Yesterday, 09:02 AM
 
Location: New Oxford, PA
127 posts, read 61,688 times
Reputation: 498
When I retired at 46, I looked around and saw many of my lifetime acquaintances who were the same age or older still trying to figure it out. Some were bouncing from one minimum wage job to another, or had become content with "disability" payments of $1K/month or so (coupled with various government handouts). Others had spent their adult years working for employers that offered no hope of a retirement income other than SS at 62. One even mentioned going back to school in their 50s, hoping for a better paying career path. Another was back living with his mother in his mid-40s.

Now it's four years later, and they are still doing what they've always done, and telling me how "lucky" I am. My usual reply is that luck had nothing to do with it. If they did what I did, they'd have what I have.
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