watsoninc.blogspot.com — What is the good life to you? Like many, I used to imagine Barbie and Ken with the big home, matching BMWs, vacation home(s), and luxurious yacht. I assumed that Barbie and Ken were the very portrait of success. However, a closer look revealed that my vision was distorted. Barbie and Ken were BROKE! Forget looking rich, let's be rich instead.
Oct 17, 2007 View in Crawl 4
bdbrOct 18, 2007
I don't think its completely fallacious, just the part about having to be corrupt.Its not impossible to gain honest wealth without shirking taxes, its just very slow. They take a huge portion once you pass six figures. I asked not to get promoted this year because I see so little of it after the government is done, and its not worth the extra stress. And regarding debt, I can't imagine anyone could obtain much wealth without hating the idea of paying interest. The only thing I pay interest on is my house, and I got a 15-year loan to minimize that.
square47Oct 18, 2007
I'm with you except for the gold part. Gold has been a terrible investment compared to mutual funds over the long run.
square47Oct 18, 2007
Number one reason for divorce in North America is money issues and money fights. So having tons of money isn't the central issue. Its more like agreeing on what to do with it and having a financially stable foundation that will lead to (or at least be the ground work for) happiness.
drjglobalJun 26, 2008
Well-written. I agree that people are broke and miserable just because they feel the need to impress people with expensive things. We are a culture of people who spend money before we make it, spend more than we make, and are more worried about what our neighbors, and even strangers, think than about what we're doing to ourselves and our family with so much money stress. Let's get back to the things that really matter and being wise stewards of our money.
davidmsweeneyDec 13, 2008
Now look at this from the perspective of just one year since it was written. Imagine what has happened to these paycheck-to-paycheck rich people now. The rich are people who make a lot of money; the wealthy are the ones that write the checks to the rich. There is also a big big difference between olkd rich and new rich.