I Made $570K Last Year, But I Don’t Feel Rich

[Uccmal]

In my example above it should have been Dr. Brothers who died, not Barbara Walters.... oops.

[SharperDingaan]

Keep in mind that this is just the averaging effect. The rich person living in a poor neighborhood feels rich, but can only go down by association. The poor person living in a rich neighborhood feels poor, but can only rise by association. If ... you choose to play the game.

 

Move to a poor neighborhood, get your rich friends to come as well, & you gentrify it. The poor get forced out, the neighborhood becomes 'trendy', the value of your (& your friends) real estate rises, & you all walk away very rich. You still need a place to live .... but changed the game.

 

"Make your money early, then retire to do your own thing", is the time-worn game of many discarded trophy wives. The divorce settlement to set yourself up, & a kid or two to ensure an adequate cash flow while they are growing up. Disgruntling, because the independence evident in this time-worn game is a threat, but it is a threat that is tolerable as long as it is not widely advertised.

 

"Make your money, & have the grace to die early", is the game of many an heir; & much of the financial services industry. The heirs don't know what to do with you, & don't appreciate your 'retirement' activity rubbing your wealth in their faces. And you only leave a significant estate behind .... because the financial services industry guilt trips you to.

 

Other than paying off your taxes, & ensuring your spouse has a pension for his/her remaining life - WHY are you leaving ANYTHING? You've already paid for your kids education. Your grand-kids are your kids responsibility; not yours.

 

The notion that you might work in retirement for fun - & live a healthy, active & very fulfilling life, is totally counter-culture.  And ... really no different to the sexual revolution of the 60's; it is the same generations, all facing the same issues, at the same time ... just 40-50 years later. The "I Don't Feel Rich" dissonance being observed today is just the beginning. Disgruntling, because the independence evident in this time-worn game is a threat, but it is a threat that is tolerable as long as it is not widely advertised.

 

Then ... given that Jagger & Richards can still play in their 70's, when they should have been dead many times over, it promises to be an interesting time!

 

SD 

 

 

[Alekbaylee]

The word "worry/worried/worrying" comes up more than 50 times in the text.

For some reason (personal history/background, etc.), certain persons seem to always worry, whatever the situation is.

This guy will probably continue to worry when he earns the 7 figures income. ???

[Guest Dazel]

 

Those with riches will realize the worry that comes with losing it...which is where the rich are now...that is why huge cash reserves.

 

The book I mentioned is  on " the good life" and deals more with "wealth"... And examines that.

 

Wealth is friends, family, security, control over your time, contentment....you have to realize Aristotle was rich because he had slaves and farm hands for food etc...He could not figure out how you could do an exchange of value between a pig and a bed...both had value but how would you compare?

 

He would have loved the governments now create a trillion pigs with a printing machine!

 

So really what is rich?

 

Dazel.