So the cover of People magazine this week was that Kate Middleton bought a $50,000 rug. I looked at it and thought to myself "holy hell, I'd never buy a $50,000 rug, it doesn't matter how much money I had." But then I thought, if money was really no object, why wouldn't I buy a $50,000 rug? If you are pulling 8 figures, buying a $50,000 rug seems downright reasonable.

Now is a $50,000 rug really going to objectively improve your life, relative to a $500 rug? That I don't know.

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Posted by CidCock

Member since Sep 2007

Member since Feb 2011

8641 posts

Posted on 10/3/13 at 2:40 pm to Cold Cous Cous

quote:
Now is a $50,000 rug really going to objectively improve your life, relative to a $500 rug? That I don't know.

Yeah, I guess that's the point.

I would certainly spend it on something, but I don't think my life would be drastically better. I would still have the same friends, etc.

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Posted by LSUengineer12

The Best Side

Member since Dec 2011

1850 posts

Posted on 10/3/13 at 2:50 pm to Cold Cous Cous

First time looking at this all day

Glad I started this thread. Sure are a lot of successful people in here.

Humbles me at the ripe age of 24. Still have a long way to go.

quote:
What kind of work are you doing?

Private consulting here in BR

quote:
I know a few civil guys getting out soon signing for around the mid 60's but most are out of Louisiana

Definitely have the opportunity to make more out of state. I'm a family guy. All of my family is here.

quote:
All of you landlords: how is it?

I love it. Grew up around it. Just got my first property back in April. It doesn't come without work though. My rule of thumb is AT LEAST 10% return a year (After taxes and insurance). Property Cost 70,000 then you should charge at least $700/mo.
Scored a trailer and lot for $44,500. Getting $650/mo.

Glad the thread took off.. Jokes or not. haha