Yup - two years back hubby demanded to know why his super and two ip's weren't enough ... until I pointed out that he'd just spent the entire yearly income from such on a single vehicle only a month earlier.
Age and financial position calculation?
- Thread starter Delilah
- Start date
Yup - two years back hubby demanded to know why his super and two ip's weren't enough ... until I pointed out that he'd just spent the entire yearly income from such on a single vehicle only a month earlier.
How do you deal with this formula as a couple?
By the raw formula ...I need to pull my finger out. But hubby is waaaaay ahead.pfft. Like he would be there without me
You need to understand that behind every successful man stands a wonderful woman.
It is definitely possible to have net worth of 400k by age 35- many writers on this forum have claimed this.
Property may not double every 15 years.
It is human nature to keep up with the Jones'. I don't think that you can really feel good if you are the only driver of toyota in a suburb of ferrari and lamborgs. If you do not constantly elevate your goals and aspirations, you cannot improve.
What a load of it!
Sorry China, but you have many recent posts here on SS that show you may not yet have realised that Keeping Up With the Jones is a surefire way to retire poor. I think you might discover that Millionaires Next Door dont want to live in a suburb where the others drive Ferraris and Lambs. Most of us would be quite happy driving a Toyota (well, a pre-loved Lexus then) if it means we can exit the rat race and live by a beach somewhere long before we are too old and decrepid to do so otherwise.
Please, go and read Rich Dad Poor Dad again if you misunderstood the chapter about doodads.
My point is that it would be good to be financially free but still be able to drive a ferrari at a young age. Whilst we would be happy driving a toyota, I suspect that a ferrari, bought second hand with cashflow arising from a fraction of their passive income stream would make most people happier still. I note that the millionaires next door generally drive toyota but what about the billionaires next door.
You got that right.
Thinking in financial terms, I think that a good wife is probably the best asset a man can have.
Hmm... Should I bring this to your wife's attention?Fixed that for you!
Hmm... Should I bring this to your wife's attention?
What is said on SS, stays on SS
pinkboy
I remember once when I was working as a Trainee, my Boss's wife did something for him which he needed done (can't remember the task).
She said to him in a joking manner, in front of me; "See?; Where would you be without me?"
His straight faced reply was "Probably driving a Porsche, right now".
She said to him in a joking manner, in front of me; "See?; Where would you be without me?"
His straight faced reply was "Probably driving a Porsche, right now".
As long as there is only ever one.
Nothing matches a divorce as a setback to wealth creation.
As long as there is only ever one.
Nothing matches a divorce as a setback to wealth creation.
I look at a lot of entrepeneurs who have declared bankruptcy, gone to jail and when they emerge from jail, they are still usually driving a Ferrari to their waterfront mansion. I am thinking of Rod Adler, Geoff Edelstein and Alan Bond. I believe that the only way that these people can emerge unscathed despite jail terms is the support of the good wife.
And an even better accountant + lawyer.
So what happens if you are a single billionaire and go to jail after bankruptcy? Is everything lost?
If I was in that situation I would've ensured that my mother was the sole director and shareholder of my companies/trusts so I could re-emerge and resume my lifestyle.
And if you had no mother, father, spouse, children or close relatives - would you be able to re-emerge from the ashes?
When I first read the above, I was in complete agreement. But I have been listening to a number of things lately including bob proctor and think and grow rich. He talks about if you want something then you need to think about it.
In fact a lot of the discussion centers on minimizing your limiting beliefs, hence seeing oneself being better than the Joneses is a perfectly valid and in fact commendable trait.
Similar threads
