I hear that poor people often think about what its like...

[slakjaw]

No way! are you sure?

[porsche4life]

Originally Posted by GH85Carrera

I would love to get a 996 911 GT3. I am lusting after them.

Do it...

Not like you can leave the money to anyone, Don't have any kids in college.


DO IT...

[slakjaw]

It's difficult to post here on this crappy iPhone. I was curious as to what the ****en suicide rate was between classes of people.

[RWebb]

interesting - found a link

it appears to be higher for the wealthy

Economyincrisis.org - America's Economic Report - Daily


the obvious solution is to send your extra, suicide-ridden wealth to me

[Aurel]

Well, rich people sometimes commit suicide when they become poor. Poor people don`t have that problem, the fear of becoming poor.

[DARISC]

Originally Posted by slakjaw

No way! are you sure?

I said, "I think".

Originally Posted by slakjaw

It's difficult to post here on this crappy iPhone. I was curious as to what the ****en suicide rate was between classes of people.

Nothing wrong with your post. It just made me feel..."funny".

I think it's untrue that dentists have a high suicide rate. Mine's still alive but, over the years I've been going to him, I'm convinced that he's tried to kill me a number of times.

Just saw this on the inner webs -

Suicides per million of active population:

Food batchmakers (241)

Physicians (222) and health aides (excluding nursing) (221)

Lathe and turning machine operators (199)

Biological, life and medical scientists (188)

Social scientists and urban planners (171)

Dentists (165)

Lawyers and Judges (140)

Guards/sales occupations were tied at 139

Tool and die makers (126)

Police, public servants (118)

Neocon PARF fanatics (136)

[beepbeep]

I believe we are programmed to enjoy/suffer the derivate of wealth curve. Being constantly poor or constantly rich would probably feel the same. Getting richer is fun, getting poorer sucks. I would rather stay constantly "in the middle" than get rich than go back to middle.

Interesting topic, nevertheless.

[campbellcj]

What modest success I've experienced is tempered by the fact that a number of other people and their families, not to mention my family, are counting on me to not royally eff things up. Recently I let some of them down and that is hard to deal with. I've become far more financially conservative and hopefully mature in the last couple years and shudder to think how bad things could have become if I hadn't.

[slakjaw]

Originally Posted by DARISC

I said, "I think".



Nothing wrong with your post. It just made me feel..."funny".

I think it's untrue that dentists have a high suicide rate. Mine's still alive but, over the years I've been going to him, I'm convinced that he's tried to kill me a number of times.

Just saw this on the inner webs -

Suicides per million of active population:

Food batchmakers (241)

Physicians (222) and health aides (excluding nursing) (221)

Lathe and turning machine operators (199)

Biological, life and medical scientists (188)

Social scientists and urban planners (171)

Dentists (165)

Lawyers and Judges (140)

Guards/sales occupations were tied at 139

Tool and die makers (126)

Police, public servants (118)

Libcon PARF fanatics (136)

Interesting

[Dottore]

Originally Posted by DARISC

Food batchmakers (241)

Food batchmakers are always living on the edge.

Right out there in the existential ozone.

Mothers, don't let your children grow up to become food batchmakers.

[DARISC]

Originally Posted by Dottore

...Mothers, don't let your children grow up to become food batchmakers.

Hmmmm...that has a rather lyrical ring to it. My neighbor, Nellie Wilson, is an old broken down country western singer - if you don't mind, I'll show it to her. Her most recent failure was in the country gospel genre with a little ditty that went:

Ya won't find Jesus while giving a fark
on a rollin' doughnut no materrrrrrrrr
how freakin' holey it is.

[rick-l]

Originally Posted by lendaddy

Ok, looks like $150k puts a household in the top 5% and$250k puts a household in the top 1.5%.

What kind of propaganda is that? Yeah you'll be in the top income tax filers but so what?

If you start with nothing, make a couple hundred thou a year for a couple years and spend it all you are still poor. It is not hard to blow that much in a year after taxes.

[on2wheels52]

"If you start with nothing, make a couple hundred thou a year for a couple years and spend it all you are still poor. It is not hard to blow that much in a year after taxes."

Sounds like a good formula for staying poor to me. Some of my best customers make lots of money.
Jim

[lendaddy]

Originally Posted by rick-l

What kind of propaganda is that? Yeah you'll be in the top income tax filers but so what?

If you start with nothing, make a couple hundred thou a year for a couple years and spend it all you are still poor. It is not hard to blow that much in a year after taxes.

Propaganda? If you make 10 mil a year and spend every dime each year then you're not rich?

Rich is not a clearly definable term like wealth.

And if you think there is some liberal "hate the rich" motivation in my post you're deeply mistaken. My post was only about individual perception, not a judgment.

[rick-l]

Originally Posted by lendaddy

Propaganda? If you make 10 mil a year and spend every dime each year then you're not rich?

10 million you will acquire some stuff.

The range your talking about being 150-250 is not necessarily rich. You can easily blow through that with work expenses, living expenses, minor medical, couple of kids in college. Especially if you've only made that for a couple of years.

[slakjaw]

40% of my pay goes into my 401k and other savings. I only make in the 50s

I guess I am living like I am poor right now but I have big plans for *someday*

[Dueller]

Originally Posted by Dueller

This reminds of beach thinking a few weeks ago. One of my wife's patron's gave us use of one of his condo's in Destin, FL (Redneck Riviera). It was a penthouse, 15th floor, 5000 sf, private elevator opened into foyer, yadadadada. On the market for $2.5M (yeah, right). As I was sitting on the balcony I looked in both directions and saw row after row after row of similar upscale condo's....miles and miles of them.

The owners stopped by as they were staying in their $4M 7000 sft condo in a neighboring complex. How'd he make his money? As best we can tell he is a slum lord and has taken advantage of massive HUD subsidies for his "projects" type apts. Who knows? He mayhave inheritted ited it. Doesn't matter.

And knowing I was in one little Fla panhandle development, I couldn't help but think "Who the hell makes enuff money to buy these?" In friggin' Destin Fl? And there are opulent developments all over the country. Far pricier than the Fl panhandle.

Yeah I know people have over extended and subprime mortgages....but jeez...what are these people doing to afford such (relative) opulence?

Enjoyed it anyway...but....

So the rich are truly different as Hemmingway/Fitzgerald drunkenly opined. Back last October I shared above with you guys after getting free use of the above referenced condo. Well, we're back down here and I must share with you a little experience courtesy of my wife's patron/benefactor. We arrived this past sunday to use it again. We walked in and the condo smelled a little stale and we noticed that the kitchen was a bit disorganized. Then we noticed the beds weren't made and there were linens in the washing machine unlaundered.

And there was $120 on the counter left for the maid to do the cleanup (this is a non-rental condo complex). Then I noticed a newspaper dated October 16, 2009. A NEWSPAPER I LEFT OVER 7 MONTHS AGO WHEN WE WERE LAST DOWN The $120 was the same money we left for the housekeeper last October.

These people have so much $$$$ that they had not even been back down here even tho' its only 4 1/2 hours from their home.

I dunno...if I had a $2.5M condo that close I think I would find time to spend at least a long weekend down here. Even if you do own a more luxurious one right down the beach.

I gotta find another line of work.

[dd74]

The wealthy, particularly the old wealthy, I don't mind. It's the nouveau riche that I can't stand.

I know a guy who's never had a job - never. He was a trust fund baby, and adopted to boot. Mom and Dad owned a whole mess of oil fields from Mid-Wilshire down to Long Beach. I think Standard Oil bought them out.

Who knows how many 100s of millions he's worth. He and his wife are happy, practicing yoga, traveling the world, building their own recording studio for their own albums which they'll release on their own label...

But he's never had a job, except the job of spending money.

[911Rob]

You never stop wanting; and when you do, you die.

And in the pursuit of your desires, you think in the obtaining of it, it will make you happier.
But alas, you never stop wanting, so a new desire is created from your new vantage point.

I'm in the same boat as Due, but many of the wealthy people that I know are very disciplined and there is no way you could ever amass their fortunes without the 25 years of hard work, education, experience and effort that they put into it.

I loved Dott's fathers quote; that's a keeper Thanks Dottore.

I work(ed) hard because I don't like not having money; I'm boggled to see people that live their lifestyles as an excuse because of lack of money. Go out and get the money and live the lifestyle you choose. Be happy, it's your God given gift.

So true that appreciation is also a big part of being happy, but that said, you never stop wanting; don't fight it.... go for it.

[Superman]

AFAIK, wealthy people generally do not think about what it's like to be poor, except for the fear of losing their wealth. But.......

Years ago I met up with some old college chums, which included a guy who is wildly wealthy. His father was General Manager of General Motors for a long time, for example. At the time we got together, this friend of mine was running the national bank of a South American country. He was dating a recent, former Miss Peru. Never drove himself anywhere. His caddy had several assistants. Et cetera. When we were chatting and I was admiring his lifestyle, he said he envies folks like me. I looked at him quizzically, and he said he lives a cloistered life where he knows he cannot trust anyone.