I think this just kinda belongs on here

[jpinpb]

Rustico – your post reminded me of George – “The richest man in town.”

I know this guy who lives in RSF who has a fleet of Ferrari’s F150s, etc. He’s dying of cancer. Some things money can’t buy.

And of course, money can’t buy happines. I know a lot of “rich” people who are quite miserable.

[raptorduck]

DWCAP. Yes, my table focused on just individuals, not households. I was speaking of individual relative financial wealth.

And I say liquid net worth to exclude equity in a home or other fixed/capital assets with limited or no liquidity. Liquid should be something you can turn to predictable cash in short order.

In terms of economic purchasing power and community wealth, I think HH income figures are most useful. You often see income figures for towns reported in per-capita income. I don’t think that is useful as a measure of purchasing power of a family or community demographic. My table above is per-capita, but it is focused on individuals. Per-capita in statistics, when reported as a group average, includes kids etc, and the average not very meaningful. A HH average is more meaningful.

As for the $250k mark that the Democrats use to draw a line above which they will tax those evil HH who make more than that. Well that is a separate topic, but a lot of people make above that line as individuals, let alone households, and it is ignorance to think that overtaxing that group will not have a negative impact on the group below. It will.

[raptorduck]

DWCAP. Yes, my table focused on just individuals, not households. I was speaking of individual relative financial wealth.

And I say liquid net worth to exclude equity in a home or other fixed/capital assets with limited or no liquidity. Liquid should be something you can turn to predictable cash in short order.

In terms of economic purchasing power and community wealth, I think HH income figures are most useful. You often see income figures for towns reported in per-capita income. I don’t think that is useful as a measure of purchasing power of a family or community demographic. My table above is per-capita, but it is focused on individuals. Per-capita in statistics, when reported as a group average, includes kids etc, and the average not very meaningful. A HH average is more meaningful.

As for the $250k mark that the Democrats use to draw a line above which they will tax those evil HH who make more than that. Well that is a separate topic, but a lot of people make above that line as individuals, let alone households, and it is ignorance to think that overtaxing that group will not have a negative impact on the group below. It will.

[raptorduck]

DWCAP. Yes, my table focused on just individuals, not households. I was speaking of individual relative financial wealth.

And I say liquid net worth to exclude equity in a home or other fixed/capital assets with limited or no liquidity. Liquid should be something you can turn to predictable cash in short order.

In terms of economic purchasing power and community wealth, I think HH income figures are most useful. You often see income figures for towns reported in per-capita income. I don’t think that is useful as a measure of purchasing power of a family or community demographic. My table above is per-capita, but it is focused on individuals. Per-capita in statistics, when reported as a group average, includes kids etc, and the average not very meaningful. A HH average is more meaningful.

As for the $250k mark that the Democrats use to draw a line above which they will tax those evil HH who make more than that. Well that is a separate topic, but a lot of people make above that line as individuals, let alone households, and it is ignorance to think that overtaxing that group will not have a negative impact on the group below. It will.

[raptorduck]

DWCAP. Yes, my table focused on just individuals, not households. I was speaking of individual relative financial wealth.

And I say liquid net worth to exclude equity in a home or other fixed/capital assets with limited or no liquidity. Liquid should be something you can turn to predictable cash in short order.

In terms of economic purchasing power and community wealth, I think HH income figures are most useful. You often see income figures for towns reported in per-capita income. I don’t think that is useful as a measure of purchasing power of a family or community demographic. My table above is per-capita, but it is focused on individuals. Per-capita in statistics, when reported as a group average, includes kids etc, and the average not very meaningful. A HH average is more meaningful.

As for the $250k mark that the Democrats use to draw a line above which they will tax those evil HH who make more than that. Well that is a separate topic, but a lot of people make above that line as individuals, let alone households, and it is ignorance to think that overtaxing that group will not have a negative impact on the group below. It will.

[raptorduck]

DWCAP. Yes, my table focused on just individuals, not households. I was speaking of individual relative financial wealth.

And I say liquid net worth to exclude equity in a home or other fixed/capital assets with limited or no liquidity. Liquid should be something you can turn to predictable cash in short order.

In terms of economic purchasing power and community wealth, I think HH income figures are most useful. You often see income figures for towns reported in per-capita income. I don’t think that is useful as a measure of purchasing power of a family or community demographic. My table above is per-capita, but it is focused on individuals. Per-capita in statistics, when reported as a group average, includes kids etc, and the average not very meaningful. A HH average is more meaningful.

As for the $250k mark that the Democrats use to draw a line above which they will tax those evil HH who make more than that. Well that is a separate topic, but a lot of people make above that line as individuals, let alone households, and it is ignorance to think that overtaxing that group will not have a negative impact on the group below. It will.

[raptorduck]

Rustico & co. I agree it is very relative, that is the nature of my table. I do not conote rich with anytying other than money. It has nothing to do with happiness, freedom, or anything else. Money, when managed properly, can buy degrees of financial freedom, which in turn can broaden your choices to contribute to your happiness, but it can just as easily, when managed poorly, buy misery, divorce, and despair. The old saying “the bigger they are, the harder they fall” rings true for the “richer” they are.

You can be worth millions and worry about money every day, or middle-middle class and have nary a worry in the world.

A number of years ago, after I bought my first house and was a bit smug in my financial success to my brother, he swiftly put me in my place and made a comment that taught me a lesson that resulted in a more balanced perspective on life for me. He said “you may make several times more than I do and spent a lot of money for your new house, but my house is almost twice as big as yours on 10 times the land for 1/3 the cost, and I have a boat to ride on the lake next to my house, have all my weekends off and get home by 5, while you work three times as much to have 1/3 the life I do.” Yes he does not live in California.

My job may never let me work the hours he does, but my very move to SD was a QOL decision for my family. My $$ will go a lot farther there than here and a 5-10 min commute is better than 1-1.5hrs.

But I digress. As I said, my view of rich here is very parochial and focused only on $$, not more worthy measures.

[raptorduck]

Rustico & co. I agree it is very relative, that is the nature of my table. I do not conote rich with anytying other than money. It has nothing to do with happiness, freedom, or anything else. Money, when managed properly, can buy degrees of financial freedom, which in turn can broaden your choices to contribute to your happiness, but it can just as easily, when managed poorly, buy misery, divorce, and despair. The old saying “the bigger they are, the harder they fall” rings true for the “richer” they are.

You can be worth millions and worry about money every day, or middle-middle class and have nary a worry in the world.

A number of years ago, after I bought my first house and was a bit smug in my financial success to my brother, he swiftly put me in my place and made a comment that taught me a lesson that resulted in a more balanced perspective on life for me. He said “you may make several times more than I do and spent a lot of money for your new house, but my house is almost twice as big as yours on 10 times the land for 1/3 the cost, and I have a boat to ride on the lake next to my house, have all my weekends off and get home by 5, while you work three times as much to have 1/3 the life I do.” Yes he does not live in California.

My job may never let me work the hours he does, but my very move to SD was a QOL decision for my family. My $$ will go a lot farther there than here and a 5-10 min commute is better than 1-1.5hrs.

But I digress. As I said, my view of rich here is very parochial and focused only on $$, not more worthy measures.

[raptorduck]

Rustico & co. I agree it is very relative, that is the nature of my table. I do not conote rich with anytying other than money. It has nothing to do with happiness, freedom, or anything else. Money, when managed properly, can buy degrees of financial freedom, which in turn can broaden your choices to contribute to your happiness, but it can just as easily, when managed poorly, buy misery, divorce, and despair. The old saying “the bigger they are, the harder they fall” rings true for the “richer” they are.

You can be worth millions and worry about money every day, or middle-middle class and have nary a worry in the world.

A number of years ago, after I bought my first house and was a bit smug in my financial success to my brother, he swiftly put me in my place and made a comment that taught me a lesson that resulted in a more balanced perspective on life for me. He said “you may make several times more than I do and spent a lot of money for your new house, but my house is almost twice as big as yours on 10 times the land for 1/3 the cost, and I have a boat to ride on the lake next to my house, have all my weekends off and get home by 5, while you work three times as much to have 1/3 the life I do.” Yes he does not live in California.

My job may never let me work the hours he does, but my very move to SD was a QOL decision for my family. My $$ will go a lot farther there than here and a 5-10 min commute is better than 1-1.5hrs.

But I digress. As I said, my view of rich here is very parochial and focused only on $$, not more worthy measures.

[raptorduck]

Rustico & co. I agree it is very relative, that is the nature of my table. I do not conote rich with anytying other than money. It has nothing to do with happiness, freedom, or anything else. Money, when managed properly, can buy degrees of financial freedom, which in turn can broaden your choices to contribute to your happiness, but it can just as easily, when managed poorly, buy misery, divorce, and despair. The old saying “the bigger they are, the harder they fall” rings true for the “richer” they are.

You can be worth millions and worry about money every day, or middle-middle class and have nary a worry in the world.

A number of years ago, after I bought my first house and was a bit smug in my financial success to my brother, he swiftly put me in my place and made a comment that taught me a lesson that resulted in a more balanced perspective on life for me. He said “you may make several times more than I do and spent a lot of money for your new house, but my house is almost twice as big as yours on 10 times the land for 1/3 the cost, and I have a boat to ride on the lake next to my house, have all my weekends off and get home by 5, while you work three times as much to have 1/3 the life I do.” Yes he does not live in California.

My job may never let me work the hours he does, but my very move to SD was a QOL decision for my family. My $$ will go a lot farther there than here and a 5-10 min commute is better than 1-1.5hrs.

But I digress. As I said, my view of rich here is very parochial and focused only on $$, not more worthy measures.

[raptorduck]

Rustico & co. I agree it is very relative, that is the nature of my table. I do not conote rich with anytying other than money. It has nothing to do with happiness, freedom, or anything else. Money, when managed properly, can buy degrees of financial freedom, which in turn can broaden your choices to contribute to your happiness, but it can just as easily, when managed poorly, buy misery, divorce, and despair. The old saying “the bigger they are, the harder they fall” rings true for the “richer” they are.

You can be worth millions and worry about money every day, or middle-middle class and have nary a worry in the world.

A number of years ago, after I bought my first house and was a bit smug in my financial success to my brother, he swiftly put me in my place and made a comment that taught me a lesson that resulted in a more balanced perspective on life for me. He said “you may make several times more than I do and spent a lot of money for your new house, but my house is almost twice as big as yours on 10 times the land for 1/3 the cost, and I have a boat to ride on the lake next to my house, have all my weekends off and get home by 5, while you work three times as much to have 1/3 the life I do.” Yes he does not live in California.

My job may never let me work the hours he does, but my very move to SD was a QOL decision for my family. My $$ will go a lot farther there than here and a 5-10 min commute is better than 1-1.5hrs.

But I digress. As I said, my view of rich here is very parochial and focused only on $$, not more worthy measures.

[barnaby33]

I have less levels. To me access to health care and education define the middle class today. Without them, you are one mis-step from penury.

To me someone is truly wealthy if they are secure in their lifestyle, without having to work. That means if you are happy living in a one bedroom in Northpark, you can probably be wealthy for a couple of hundred grand. If you’d like to live in Del Mar, well its at least an order of magnitude higher.

The key to true wealth in my eyes is lowered expectations, once you’ve got the basics covered. True wealth is the power of knowing you are far less controlled in your destiny than most of the poor shlubs driving fancy cars.

Josh

[barnaby33]

I have less levels. To me access to health care and education define the middle class today. Without them, you are one mis-step from penury.

To me someone is truly wealthy if they are secure in their lifestyle, without having to work. That means if you are happy living in a one bedroom in Northpark, you can probably be wealthy for a couple of hundred grand. If you’d like to live in Del Mar, well its at least an order of magnitude higher.

The key to true wealth in my eyes is lowered expectations, once you’ve got the basics covered. True wealth is the power of knowing you are far less controlled in your destiny than most of the poor shlubs driving fancy cars.

Josh

[barnaby33]

I have less levels. To me access to health care and education define the middle class today. Without them, you are one mis-step from penury.

To me someone is truly wealthy if they are secure in their lifestyle, without having to work. That means if you are happy living in a one bedroom in Northpark, you can probably be wealthy for a couple of hundred grand. If you’d like to live in Del Mar, well its at least an order of magnitude higher.

The key to true wealth in my eyes is lowered expectations, once you’ve got the basics covered. True wealth is the power of knowing you are far less controlled in your destiny than most of the poor shlubs driving fancy cars.

Josh

[barnaby33]

I have less levels. To me access to health care and education define the middle class today. Without them, you are one mis-step from penury.

To me someone is truly wealthy if they are secure in their lifestyle, without having to work. That means if you are happy living in a one bedroom in Northpark, you can probably be wealthy for a couple of hundred grand. If you’d like to live in Del Mar, well its at least an order of magnitude higher.

The key to true wealth in my eyes is lowered expectations, once you’ve got the basics covered. True wealth is the power of knowing you are far less controlled in your destiny than most of the poor shlubs driving fancy cars.

Josh

[Author]

Posts