AirCop From , joined Dec 1969, posts, RR: Reply 2, posted (5 years 6 months 3 weeks 3 days 4 hours ago) and read 973 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.
AndesSMF From , joined Dec 1969, posts, RR: Reply 3, posted (5 years 6 months 3 weeks 3 days 4 hours ago) and read 966 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."
AirCop From , joined Dec 1969, posts, RR: Reply 5, posted (5 years 6 months 3 weeks 3 days 2 hours ago) and read 906 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.
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.
AirCop From , joined Dec 1969, posts, RR: Reply 11, posted (5 years 6 months 3 weeks 3 days ago) and read 843 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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