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  1. BayView

    FIFO - a question of fairness

    As Sanj said. From my experience, those who live for the moment often end up at the end with very little and then have to live off the Gubb and "enjoy" a life of less - pension. Now; that's fine with me; but don't whine about having to live on the pension....which oh, so many of them do. They...
  2. BayView

    FIFO - a question of fairness

    I think the OP was referring to those folks who are not rich, and view those who are rich as folks who had more opportunity to get there as "lucky" etc. And how unfair the not-rich folk think it all is that they aren't rich - even though they had an opportunity to do so, then blew it....and...
  3. BayView

    FIFO - a question of fairness

    Well done!! Of course; you realise that you are different form the herd; being here on SS is testament to that. I don't mean that in a nasty or critical way - the majority of folks are like those you have described, the minority of folks are (property) investors, and the minority of...
  4. BayView

    FIFO - a question of fairness

    Many of those folks would, and they have no right to whinge. But some are; "easy come; easy go". It comes down to financial education - and discipline. Discipline to not blow it, and then discipline to act. If you read my linked post about my BIL, you can see he did not listen to the advice...
  5. BayView

    FIFO - a question of fairness

    Wanna bet. I could turn $140k per year into a nice large sum of money in assets and passive income in 10 years, no worries. Of course; I've got the benefit of years behind me from stuffing things up.
  6. BayView

    FIFO - a question of fairness

    A lot of folks who have gone on to become successful and wealthy have had to do lots of sacrificing of family life/lifestyle/time, etc. Not saying that it is right; a nice balance is the objective, but it's a bit unlikely to become very wealthy and successful in your career without the...
  7. BayView

    FIFO - a question of fairness

    See this as an example: http://somersoft.com/forums/showpost.php?p=1314068&postcount=1
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