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re: Are most posters on this board very financially well-off?
Posted on 6/16/21 at 10:52 am to SmackoverHawg
Posted on 6/16/21 at 10:52 am to SmackoverHawg
Well BMAC use to post here and he made 70m in his career.... Plus they have a couple of big guys from Nola and BR who post
2
Posted on 6/16/21 at 11:01 am to AUHighPlainsDrifter
quote:
I don't think I'd be skipping an annual $800 MRI no matter what level of income I had. That seems like something that I would want to prioritize
Radiation stopped the growth
Posted on 6/16/21 at 11:02 am to MrJimBeam
quote:
Until we get Ancient PJ back in here
how dare you mock AT. AT is a WINNER. AT lives in the land of 3,000,000% gains.
Posted on 6/16/21 at 11:04 am to Zachary
I don't worry about paying my bills and contributing to retirement, but I also qualified for every recent stimulus, so there you go.
Posted on 6/16/21 at 11:07 am to Zachary
quote:Most, no. Better than average, probably. But that's not saying much
most posters on this board very financially well-off
Posted on 6/16/21 at 11:11 am to BottomlandBrew
I qualified for stimulus as well. It was based on income not net worth. Similar to the recent story about billionaires paying relatively low taxes. Thankfully we don't get taxed on unrealized capital gains. Besides, the stimulus wasn't specifiacally targeted at the poors.
Posted on 6/16/21 at 11:19 am to FinleyStreet
quote:Theoretically...if you think inflation is what CPI states it is. Cost of living is a bit more important when we are talking retirement, and that is well above the CPI number. Furthermore, it would have to outpace COL + my annual living expenses or I will have nothing 50 years from now.
Theoretically, the 2.5M would outpace inflation if you have it invested properly.
This post was edited on 6/16/21 at 11:21 am
Posted on 6/16/21 at 11:26 am to tduecen
quote:
BMAC use to post here and he made 70m in his career
What did he do?
Posted on 6/16/21 at 11:28 am to TigerTatorTots
quote:
Cost of living is a bit more important when we are talking retirement, and that is well above the CPI number. Furthermore, it would have to outpace COL + my annual living expenses or I will have nothing 50 years from now.
Yes, of course. I mostly base my numbers off the trinity study (with an added layer of conservatism); all of these things are factored in.
Posted on 6/16/21 at 11:34 am to Zachary
If by “financially well off” you mean I make just enough to pay my bills and have a little bit left over to pay for everyone’s EBT purple drank and Cheetos and the $90,000 Exkalade they have parked outside then, by golly just call me Mr Moneybags.
Posted on 6/16/21 at 12:22 pm to Zachary
quote:
Are most posters on this board very financially well-off?
Does monopoly money count?
My family hates me. They wear Eat the Rich t-shirts on family game night.
Posted on 6/16/21 at 12:28 pm to Zachary
Really depends on how you define that term. A better question may be at what age do you plan to retire comfortably and never have to work again, or did you get the stimulus last year.
I'm 46 now and planning to retire and travel with my wife at 55. It maybe sooner if some investments go better than expected or our business keeps growing and we can work ourselves out of it.
I'm 46 now and planning to retire and travel with my wife at 55. It maybe sooner if some investments go better than expected or our business keeps growing and we can work ourselves out of it.
Posted on 6/16/21 at 12:42 pm to Chucktown_Badger
Played sports 
Posted on 6/16/21 at 12:44 pm to tduecen
quote:
Played sports
Ah, gotcha. He was like Zappa.
Posted on 6/16/21 at 12:45 pm to ithad2bme
(no message)
This post was edited on 6/16/21 at 5:57 pm
Posted on 6/16/21 at 5:50 pm to Zachary
I'm not retiring tomorrow, but I'm extremely comfortable. Not to say I didn't have my fair share of lean years and ramen noodles, but I'm a bit older, make a good living and have invested wisely, so I'd guess I'm far ahead of the curve (in regard to the overall general population).
Posted on 6/16/21 at 7:05 pm to tduecen
quote:
Well BMAC use to post here and he made 70m in his career...
Yeah, but taxes take half.
But can't forget that MLB retirement! I'd still bet he's not the richest. And yes, some really rich people will post and follow boards like this to find some hidden gems or to get a feel for what people are thinking. And a few like to share their knowledge and experience with others and would love to see them prosper. 
Posted on 6/16/21 at 7:26 pm to SmackoverHawg
quote:
And a few like to share their knowledge and experience with others and would love to see them prosper.
Posted on 6/16/21 at 9:44 pm to Zachary
I live a quiet life here in Albuquerque. My meth lab coupled with my car wash has me on the path to retirement in 2 years.
Posted on 6/16/21 at 10:15 pm to newmexicotiger
My whole net worth is tied to a blue cube running a decentralized oracle network that no one understands and people think is a big scam
This post was edited on 6/16/21 at 10:15 pm
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