Fairly accurate email. I remember the days of making peanuts and I know I am nowhere near that poverty level anymore, but after taxes and a bunch of living expenses money isn’t what it used to be.
LS: Which is insane, to me. Of course they’re rich! How do you define rich?
JS: I think of rich as not having to worry about money, not having to worry about retirement, not having to worry about saving for your kids’ educations. I have three kids and I try to save up for their futures, and my retirement, and even with my salary I don’t feel secure.
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Great article. I agree with him. He is not rich.
How dare you! You greedy bastard. Don’t you know at some point you’ve made enought money?”
Most people who make large amounts of money (ie, $570,000) have put huge amounts at risk to get to the point where they make that much. Or they are professionals like lawyers and doctors who pay a fortune in liablity insurance. Or they have sold a business and its a one time spike in income. There are very few people who have a “9 to 5” job who make this much. They usually are very educated, work very hard and/or put a lot at risk. In fact, the clock punchers who make a lot usually work for the government or a union.
He’s paying for the indolent democrat voters. We have the illusion of affluence in this country. Someone who works hard and earns a lot is actually a cash cow for the redistribution economy.
The Overtaxed $250K Couple: ‘We’re Not Rich’
Fiscal Times ^ | 12/06/2012 | Harriet White*, as told to Colleen Oakley
Posted on Thursday, December 06, 2012 11:04:34 AM by SeekAndFind
This is another good article on the "poor" rich people in America.
Oh please.................
Much the same, from what I remember, especially if one lived in NYC.
Now, it's expanded to MD, CA, and where ever else "liberalism" is destroying common sense and fiduciary responsibility.
$500k ain’t jack shit. That’s just spending money.
your income does not make you ‘rich’
what you’ve accumulated does
Great article, thanks. I enjoy reading the words of someone who is level-headed.
“I have three kids (and hence, eventually will have three tuitions to pay)”
The guy is raising 3 moochers — self entitled, if not rich, moochers. Those “kids” should learn to earn and pay their way through college.
Doc is a contemptible whiner in my book. Here’s why:
I dream of making 10% of his income in at least one year before I die. Don’t think it’s going to happen.
I think I’m doing pretty well; debt-free, enough savings to live comfy for ten months or scantly for maybe three years.
Anybody who can’t feel secure on 20x my income needs a whack upside the noggin.
I simply have trouble understanding how ANYONE with over 500k could have ANY DEBT on ANYTHING (unless they live in a $3M house, which is not the case here).
If you have the means, you ELIMINATE the debt. From there, you work to insulate yourself against what’s coming, which is the crash of the US Dollar. So you buy hard stuff (like gold), maybe property. But not on credit, because terms WILL be changed on you (after the fact), if things get really bad (i.e., you simply WILL NOT be permitted to pay back a loan with dollars worth 2% of what they were worth when you took out the loan - laws will be passed to allow the change in terms, as have happened in other countries).
Sorry, but I simply have a problem with this guy.
Well, then, it’s obvious that the medical racket needs more money from Uncle Samantha through its patients. Have fun. Enjoy the slide.
Fortunately he has not gone through the greatest wealth destroyer in the US, especially prevalent for physicians,...divorce.
I used to say —after my divorce— that I wanted to meet and date a multi-millionaire Lady, for prosepects of marriage. ... After dating one I realize the folly of that Magic Thinking.
I don’t worry about money. I’m pretty happy with my life. My yearly income is a four-figure number.
Interesting, no mention of God in the whole interview.