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PhiTiger1764
LSU Fan
Lurker since Aug 2003
Member since Oct 2009
11677 posts

re: This chart ranks everyone (even you) by their wealth
quote:

Only if you have no kids and do nothing to ever enjoy life (go on vacations, splurge on yourself from time to time, buy yourself toys, etc.)

Not true at all. You don’t even need to save that much. Like $5k a year from the time you start working until 65. Boom. Millionaire.


RealityTiger
LSU Fan
Geismar, LA
Member since Jan 2010
16372 posts

re: This chart ranks everyone (even you) by their wealth
You mean the same $5,000 that would go towards one of those things I previously listed?

On paper your plan sounds great. But it doesn’t quite work out so cut and dry. Eventually shite happens and you have to use your savings towards something and/or you don’t have that extra cash to save $5,000 a year for the sole purpose of not touching it.


SquatchDawg
Georgia Fan
Cohutta Wilderness
Member since Sep 2012
8447 posts

re: This chart ranks everyone (even you) by their wealth
The hardest thing in the world is living beneath your means. We’re in a status driven society and you just accumulate things. I make twice what I did ten years ago and spend twice as much.

My net worth is mostly wrapped up in money I can’t touch for another 10 years.


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CrimsonTideMD
Alabama Fan
Member since Dec 2010
5285 posts
 Online 

re: This chart ranks everyone (even you) by their wealth
quote:

Agree, because someone else could be 40 with 200k in net equity and 800k in cash and investments and afford to buy a 200k vacation home cash money


If you find a 200K vacation home worth buying, please let me know.


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