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Well I guess we will just disagree. At least you contributed by paying taxes so getting something back later doesn't bother me at all. He is just taking without having put anything in.
It's too easy to blame the government for everything and not hold ourselves accountable. That attitude does not help the country nor does it help someone else who could use the aid, but obviously you are okay with that.
I know a person who has a house in Ca, has 7 rentals, 3 Porsches, a Jeep, and a few other cars. He gets free healthcare, discounted utilities, and other low income benefits.
It reminds me of Sec 8 renters that drive really nice cars that don't need to be sec 8. Sure blame the government, but does it make it right?
Yeah, I live in CA, have 2 Porsches, free medical and discounted utilities. I think it’s ridiculous too. But I didn’t vote for the people who set up these laws, so I have no problem taking advantage of their stupid policies. Two can play at this game.
And let’s talk about real estate investing. I wish I had the cajones for it, but I don’t.
That’s an “unfair” game too..... because investors don’t have to pay a premium for buying real estate , at least here in CA (ie, no residential exemptions on property tax) , prices have been unrealistically inflated by investors so that the middle class person cannot afford an entry level home. Do you feel bad about that? Or do you feel that these investors are merely taking advantage of govt policy?
I have a story about my husband's old college friend who the OP reminds me of.
They both went to the same top college. My husband's friend came from a wealthy family. He knew he would get a modest amount residuals/royalties from the work of his father.
My husband and this friend wound up in the same industry and some times worked together. Well, this guy came into work an hour or more late. Then he gossiped for the first hour. Well, he went out to lunch. Basically, he didn't start his workday until two or three and worked until seven or eight at night. He would brag about his "long" hours.
He lost his job and had a bad reputation, so at the age of thirty, he was unemployable in this industry.
When we had dinner together once every ten years, he basically claimed, like the OP:
Quote:
A free mind is nothing to take lightly so please don’t envy me too much. I respect the wisdom freedom allows such a young mind to harvest so early in life. I also appreciate the patterns and connections in the fabric of life it allows me to see.
When the truth was my husband's college friend probably has a learning disability which makes employment difficult.
Something to consider:
T.S. Elliot, he most influential poet of the 20th Century wrote The Waste Land in 1922, while he worked in the foreign transactions department at Lloyd’s bank.
William Carlos Williams wrote poetry while he was a family doctor.
Ezra Pound taught Romance languages at Wabash College.
Lots of thoughtful writers and philosophers work traditional jobs and still have time for great thoughts.
A prisoner, homeless person, or hell even a career nighttime security guard could say this too. Everyone gains different perspectives as they live and age, you're just taking them and attributing to something it isn't, and you have no proof to back up your theories because obviously your only data point is yourself. You might have experienced the exact same changes in perspective holding a job.
If my sample size for alien abduction was only my own abduction - should I throw it out because some internet tough guy begged for proof?
I’m simply relating what I experience within my own existence.
Quote:
Congrats on playing victim and reading into things nobody said. No comparison was made with your travels to anyone on this forum, but it is damned funny that you think your little day trips are such a hectic travel schedule you have trouble remembering how many cruises you took.
You give off a seething vibe with comments like that which are bolded.
I honestly don’t get the travel thing. Do people sit around talking about their travels to prove how wealthy they are?
I don’t give a rat’s arse about where people travel.
I have a story about my husband's old college friend who the OP reminds me of.
They both went to the same top college. My husband's friend came from a wealthy family. He knew he would get a modest amount residuals/royalties from the work of his father.
My husband and this friend wound up in the same industry and some times worked together. Well, this guy came into work an hour or more late. Then he gossiped for the first hour. Well, he went out to lunch. Basically, he didn't start his workday until two or three and worked until seven or eight at night. He would brag about his "long" hours.
He lost his job and had a bad reputation, so at the age of thirty, he was unemployable in this industry.
When we had dinner together once every ten years, he basically claimed, like the OP:
When the truth was my husband's college friend probably has a learning disability which makes employment difficult.
Something to consider:
T.S. Elliot, he most influential poet of the 20th Century wrote The Waste Land in 1922, while he worked in the foreign transactions department at Lloyd’s bank.
William Carlos Williams wrote poetry while he was a family doctor.
Ezra Pound taught Romance languages at Wabash College.
Lots of thoughtful writers and philosophers work traditional jobs and still have time for great thoughts.
I’ll never claim to have found the path everyone should follow. If one is passionate about something...follow it.
Would you need 2 million for yourself or would you want your HH portfolio to be 2 million (as you reference a family)? OP is only referring to himself, so you'd effectively need to double what he is living off of to get what he would consider doable if it were him and his spouse. So you two aren't all that far off if you double his he's at 1.6 million.
Well I was speaking quite casually there, but yes I said I would be comfortable with 2 Million. I'd definitely prefer a bit more, but I think 2 Million starts to feel doable for an avg sized American family (< 2 kids).
BTW, one 30-yo having 800k in savings doesn't make it all that likely that they would find a partner with another 800k as well. If he does, then yes, I would say they together are 80% of the way to having savings that would make me comfortable enough to consider retiring at that age.
If my sample size for alien abduction was only my own abduction - should I throw it out because some internet tough guy begged for proof?
I’m simply relating what I experience within my own existence.
No, but you should have some self-perspective and stop breaking your arm patting yourself on the back publicly for supposedly enlightenment that is only sourced by your rich imagination and assumptions of great wisdom.
Quote:
Originally Posted by eddiehaskell
You give off a seething vibe with comments like that which are bolded.
I honestly don’t get the travel thing. Do people sit around talking about their travels to prove how wealthy they are?
I don’t give a rat’s arse about where people travel.
You miss the point again by so far Jupiter's orbit passed between you and it.
1. You talk about how much travel makes it hard to remember how many cruises you had.
2. It turns out all this travel is just a handful of driving day trips, which really isn't some hectic travel schedule you're implying and it's no more than anyone else who juggles a lot more things in their life.
3. You say you don't like cruises, so of course you talk about another cruise booked for Jan
As aslo pointed out, the stuff you say doesn't really jibe. It sounds like one cover story on top of another, fitting together very poorly.
Giving Eddie the benefit of the doubt that he is really not Juho Nätti, I would offer the following advice: that much money is on the low side of providing what I consider a "safe" amount to retire in your 30's. But it is well in excess of providing you with a huge opportunity - to continue working at something that gives you "joy". If you are a roofer, asphalt worker, mover, or other occupation where you are destroying your spinal column, stop doing that now, part of happiness in old age is not having a crippled body, which is a side benefit of working in those industries. Get some career counseling, and land on something you could see yourself doing for free the rest of your life, and then find a way to get good at doing it, and then find a way to make money from doing it.
This may be as a professional sport fisherman, hunting guide, hobby farmer, raiser of show dogs, working with blind kids, porn star, restorer of old Jaguars, whatever - bottom line, you are well past the point where you need to save more money, you only have to make your annual expenses for another dozen or so years, until the time your nut has grown to the point where you can live off it for the rest of your life. But by then, you may like what you're doing so much that you never want to give it up. And that's what having a large sum of money is "really" worth - you can afford to work at something you enjoy at this point, and that kind of freedom is rare in this world. My BIL wisely noted once, "You rarely have money, health, and time all at the same time". With $800K in your thirties, you do - now go find something you can't wait to get out of bed to do for the next forty years, and get good at doing it.
Well I was speaking quite casually there, but yes I said I would be comfortable with 2 Million. I'd definitely prefer a bit more, but I think 2 Million starts to feel doable for an avg sized American family (< 2 kids).
BTW, one 30-yo having 800k in savings doesn't make it all that likely that they would find a partner with another 800k as well. If he does, then yes, I would say they together are 80% of the way to having savings that would make me comfortable enough to consider retiring at that age.
He doesn’t have to find a partner with $800k if that partner works to produce the income $800k would produce after taxes and typical expenses (housing) which he already has covered. Like I said earlier this is the equivalent situation to a stay at home spouse when the other spouse earns ~$70-$80k/yr and all income & expenses are combined. Sure it’s not a life not luxury, but it’s not as if it’s living in poverty or a spartan lifestyle like so many seem to be inferring needs to be done on the income $800k would safely produce per year.
No, but you should have some self-perspective and stop breaking your arm patting yourself on the back publicly for supposedly enlightenment that is only sourced by your rich imagination and assumptions of great wisdom.
You are welcome to your opinions, but where’s your proof supporting your diagnosis?
Quote:
You miss the point again by so far Jupiter's orbit passed between you and it.
1. You talk about how much travel makes it hard to remember how many cruises you had.
2. It turns out all this travel is just a handful of driving day trips, which really isn't some hectic travel schedule you're implying and it's no more than anyone else who juggles a lot more things in their life.
3. You say you don't like cruises, so of course you talk about another cruise booked for Jan
As aslo pointed out, the stuff you say doesn't really jibe. It sounds like one cover story on top of another, fitting together very poorly.
1. So I didn’t remember if I had went on 2 or 3 cruises...why does this grate on you? They simply weren’t memorable experiences for me.
2. I go somewhere several times per month. Big deal. When you are retired time starts running together so yes, what seems like a little tends to run together. For me, a week might as well be a day. Again, that’s hard to understand unless you’ve been retired a while with no where you HAVE to be.
3. I DON’T like cruises...that doesn’t mean my woman doesn’t want someone to go with.
You got me! Detective of the year.
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