re: Does reading this board make anyone else feel poor?

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Just work on bettering you and things generally fall into place. Don't play the comparison game, it's impossible to win.

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Excellent reply.

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Meanwhile I see people I know for a fact make less than us buying brand new Tahoes

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What do you do?

A LOT of people are going to get knocked back to reality over the next 2 years.

Hoping it's not too bad...

Not as much as reading the OT.

Chances are if you are on the money talk board on tigerdroppings, you are probably somewhat doing well financially or on the right path to financial success. All the poors would never even attempt to read a post here.

Reading the ZOM thread almost made it a reality.

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completely debt free.

You would not know it by the car I drive or the house we live in.

I don't know how some people afford the vehicles and houses they do.

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E.g., >20% of $250K earners maintain constantly revolving credit card debt.

A dear friend who I considered a mentor and a very wealthy man told me many times that he was surprised at how many of his own family, supposed friends and former co-workers were hoping he would fall flat on his face when he decided to go out in his own. He said when he started becoming successful, many people kept telling him he was going to fail, it would never last and he was an idiot to leave his old job. Envy comes in many forms.

I think it’s human nature to hope others fail because it justifies our own aversion to risk and fear of failure. I’ve seen this same mechanism on the MTB and OT where others really don’t want to hear a so called “baller” tell their story or give advice. Granted no one likes a braggart and that is understandable.

I had breakfast with a commercial banker this morning who gets loans, lines of credit and accounts for a lot of small and family businesses. He was making the point that his wealthiest customers did not lead flashy lives, drive super expensive cars and live in McMansions and try to impress people. If you have never read “The Millionaire Next Door”, give it a try.

Oh yea. True or not, I feel like a financial flop reading this board.

Really hard to stomach since I feel like I make a lot of money for someone my age, but it makes for good motivation.

Everyone should be required to read 3 books (min):

Richest Man in Babylon

The Millionaire Next Door

The Psychology of Money

…especially those who feel like burning through $250k per year is too easy nowadays.

Might be time to reflect on how others influenced your financial mindset (vs setting the financial outcomes for yourself).

Responded to wrong poster. My bad.