how wealthy are you?

Also, mint.com is great for tracking your net worth. That weekly e-mail has no problem telling me what a douchebag or dominator I've been

I trust it with my accounts... but that's the one concern. That site gets hacked and ohhhhh shit, shit just got real!!
 


I do plan on living comfortably like you say tho.
Tell us how hard you are going to work. Or better yet, don't tell us, just do it. Living comfortably is the product of an effective work life.

Berto said:
If you aspire to be bigger than that, then go burn that book immediately and get your ass back to work.
This ^^
 
Wealthy is not just about having money. If you make $150k a year but are working 120 hour weeks hating life, you may as well not be making that money because you cannot even enjoy it, let alone taking years off your life from crazy hours and likely unhealthly lifestyle, which are factors that cant even be measured.

Point being, everything is relative - there is no equation to life, it is what you make of it :)

Idk what drug you are on but $150k working 20 hours a week isn't wealthy.

If you work for anything more than enjoyment or hiding from issues in your self then you are probably not wealthy. Most people on this board are probably not wealthy. I'm sure there are some that are rich but the difference between wealthy and rich:
rich-the rich work their asses off for their money
wealthy-the wealthy use their money to make more money and sit back and watch from the sidelines.
everyone else- everyone else is either lazy or hustles trying to be one of the above lol.
 
That calculation is telling me that I should be at $760k at the age of 19.

lmao. Can't win with this shit.
 
Words to live by:

Wake up, will ya, pal? If you're not inside, you're outside, okay? And I'm not talking a $400,000 a year working Wall Street stiff flying first class and being comfortable, I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player, or nothing.
 
Yea income + assets less liabilities.

The point of wealth is to not have to work. Or if you lost your job, you could still live normally for 10+ years

This is where you are wrong. This is what the low and middle class think but its not reality for most of the elite. No matter how much money you have you want more it doesn't matter if your worth 10k or 10 billion. The rich and elite are always on a quest for more and the things they do are actually work, and for many they love it with all their heart and continue on that quest until the day they die.

"If your not growing, your dying"
 
This is where you are wrong. This is what the low and middle class think but its not reality for most of the elite. No matter how much money you have you want more it doesn't matter if your worth 10k or 10 billion. The rich and elite are always on a quest for more and the things they do are actually work, and for many they love it with all their heart and continue on that quest until the day they die.

"If your not growing, your dying"

I'm not saying they save to not work, they continue to work, but pile their money so much that if they stopped working they could live comfortably.

Everyone has a lot of good points here. My view of it is that the number is a good target. Something to keep in mind as you decide what to do with your money. I also agree that this book doesn't apply to AM. Technology really is a game changer, however investing your earnings wisely is key.
 
I'm not saying they save to not work, they continue to work, but pile their money so much that if they stopped working they could live comfortably.

Everyone has a lot of good points here. My view of it is that the number is a good target. Something to keep in mind as you decide what to do with your money. I also agree that this book doesn't apply to AM. Technology really is a game changer, however investing your earnings wisely is key.

It all depends on your definition of wealthy. My definition of living life how I want to is being able to never question whether or not I'll have enough for my bills and be able to buy things without looking at price tags and working the hours that I want to work. That means having what I want and being satisfied at my point in life.

Money is nothing but a component to the overall motivator for me, achieving new levels. It's just a game, and I'm going for the high score.

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PS -> Keep in mind there's a HUGEEE difference between rich and wealthy.