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Article About Millionaires In US.  
User currently offlineAndesSMF From , joined Dec 1969, posts, RR:
Posted (6 years 9 months 3 weeks 4 days 12 hours ago) and read 1249 times:

Interesting read.

http://news.yahoo.com/s/nm/20071101/lf_nm_life/wealth_millionaires_dc

11 replies: All unread, jump to last
 
User currently offlineConcordeBoy From , joined Dec 1969, posts, RR:
Reply 1, posted (6 years 9 months 3 weeks 4 days 12 hours ago) and read 1234 times:

...what's so "interesting" about it?
Absolutely none of this is "news", or really even newsworthy.

It's more along the lines of an all-descriptive "well, duh!".


User currently offlineAirCop From , joined Dec 1969, posts, RR:
Reply 2, posted (6 years 9 months 3 weeks 4 days 12 hours ago) and read 1234 times:

Being worth a million and having a million are two different things. Nothing new in the article looks like a rehash of the information in the "Millionaire Next Door"which was published about 10 years ago.

User currently offlineAndesSMF From , joined Dec 1969, posts, RR:
Reply 3, posted (6 years 9 months 3 weeks 4 days 12 hours ago) and read 1227 times:

"Private wealth specialists Lewis Schiff and Russ Alan Prince found the number of Americans with $1 million to $10 million had risen to 8.4 million households -- or 7.6 percent of U.S. households -- and was growing at 15 percent a year."

these new millionaires adhere to middle-class values, earning their money rather than inheriting it, working 70 hours a week...

"They spend their money on all the things that tie back to family values -- on the health and welfare of their family, career development, and as you move up the ladder they spend on leisure and luxury activities."

"They found that 89 percent of middle-class millionaires believed anyone could attain wealth through hard work."


User currently offlineLAXspotter From India, joined Jan 2007, 3650 posts, RR: 5
Reply 4, posted (6 years 9 months 3 weeks 4 days 11 hours ago) and read 1206 times:

Quoting AndesSMF (Reply 3):

its a changing trend to answer this question

Quoting ConcordeBoy (Reply 1):
what's so "interesting" about it?



Quoting AndesSMF (Reply 3):
"They found that 89 percent of middle-class millionaires believed anyone could attain wealth through hard work."

No kidding



"Patriotism is the last refuge of the scoundrel" Samuel Johnson
User currently offlineAirCop From , joined Dec 1969, posts, RR:
Reply 5, posted (6 years 9 months 3 weeks 4 days 10 hours ago) and read 1167 times:

Quoting AndesSMF (Reply 3):
these new millionaires adhere to middle-class values, earning their money rather than inheriting it, working 70 hours a week...

"They spend their money on all the things that tie back to family values -- on the health and welfare of their family, career development, and as you move up the ladder they spend on leisure and luxury activities."

"They found that 89 percent of middle-class millionaires believed anyone could attain wealth through hard work."

Again whats new..I'm a government worker, who saved, invested and presto I'm worth over a million dollars, so in short being worth a million dollars is not that big of accomplishment any more. Oh by the way, I didn't work 70 hours a week, I have better things to do with my time than work myself to death.


User currently offlineAndesSMF From , joined Dec 1969, posts, RR:
Reply 6, posted (6 years 9 months 3 weeks 4 days 9 hours ago) and read 1148 times:

Quoting AirCop (Reply 5):

It IS still a big accomplishment. There are many ways to do it. You did it by saving and investing. As some say:

- What is the easiest way to have money?
- Don't spend it! (Or learn how to spend it wisely)

Quoting AirCop (Reply 5):
Oh by the way, I didn't work 70 hours a week, I have better things to do with my time than work myself to death.

There are some who imagine that the 'rich' get there by screwing others. IMHO, most get there in two ways: saving or working themselves to death. I have seen personally (from both sets of parents) what it can take to get rather wealthy. In the meantime, we have chosen to be financially secure, but placing family togetherness as a priority. In other words, we could both work more and make plenty more $$$, but we chose family, at least for now.


User currently offlineConcordeBoy From , joined Dec 1969, posts, RR:
Reply 7, posted (6 years 9 months 3 weeks 4 days 9 hours ago) and read 1139 times:

Quoting AndesSMF (Reply 6):
- What is the easiest way to have money?
- Don't spend it

To which some would ask:
what then would be the point in having money?

Quoting AndesSMF (Reply 6):
There are some who imagine that the 'rich' get there by screwing others.

"Behind every great fortune, there is a crime"
~Honoré de Balzac


User currently offlineAndesSMF From , joined Dec 1969, posts, RR:
Reply 8, posted (6 years 9 months 3 weeks 4 days 8 hours ago) and read 1125 times:

Quoting ConcordeBoy (Reply 7):
what then would be the point in having money?

Save it so you can get something bigger and better, or just to have the comfort of having a financial cushion.

Better yet, know WHEN and HOW to buy.


User currently offlineConcordeBoy From , joined Dec 1969, posts, RR:
Reply 9, posted (6 years 9 months 3 weeks 4 days 8 hours ago) and read 1116 times:

Quoting AndesSMF (Reply 8):
Save it so you can get something bigger and better, or just to have the comfort of having a financial cushion.

maybe it's a language barrier, but you seem to be missing the intended irony in that (rhetorical) question.....


User currently offlineAndesSMF From , joined Dec 1969, posts, RR:
Reply 10, posted (6 years 9 months 3 weeks 4 days 8 hours ago) and read 1105 times:

Quoting ConcordeBoy (Reply 9):
but you seem to be missing the intended irony in that (rhetorical) question.....

I have certain senses that, shall we say, are grossly underdeveloped...


User currently offlineAirCop From , joined Dec 1969, posts, RR:
Reply 11, posted (6 years 9 months 3 weeks 4 days 8 hours ago) and read 1104 times:

Quoting AndesSMF (Reply 8):
Save it so you can get something bigger and better, or just to have the comfort of having a financial cushion.

Better yet, know WHEN and HOW to buy.

Okay, I can agree with this..for the life of me I can't understand why people buy boats, jet skis, RV's when they only use them occasionally, and they are a money sucking item. (Ditto for fancy cars)


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