How much $ are you worth? alphas vs proletarians
#61
(11-16-2019, 05:37 PM)billydingdong Wrote: You never really know what people and their families are really sitting on, but studies on wealth show that doctors, lawyers, bankers and others in status-oriented professions tend to be voracious consumers and under accumulators of wealth relative to their incomes.

The notion of saving and investing in favor of spending in order to secure one's financial freedom seems to be an alien concept in the collective consciousness and at all income levels.

You are 100% correct about this. You can always outlast these people on pure stability.
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#62
(11-20-2019, 01:19 PM)Jetset Wrote:
(11-16-2019, 05:37 PM)billydingdong Wrote: You never really know what people and their families are really sitting on, but studies on wealth show that doctors, lawyers, bankers and others in status-oriented professions tend to be voracious consumers and under accumulators of wealth relative to their incomes.

The notion of saving and investing in favor of spending in order to secure one's financial freedom seems to be an alien concept in the collective consciousness and at all income levels.

You are 100% correct about this. You can always outlast these people on pure stability.

Also in terms of investing, sometimes the right move is to do nothing and wait. You don’t have to swing at ever pitch thrown. That is a quick way to burn out.
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