Behaviors rich people have.

[kallend 1,622]

www.sfgate.com/news/slideshow/17-things-rich-people-do-74597/photo-4563965.php

...

The only sure way to survive a canopy collision is not to have one.

[FlyingRhenquest 1]

/me adjusts his monocle disapprovingly.

I'm trying to teach myself how to set things on fire with my mind. Hey... is it hot in here?

[millertimeunc 0]

Interesting list. I'm not surprised that reading related behaviors appear on there multiple times. Most jobs I can think of off the top of my head which pay well require multiple hours of reading per day.

The best things in life are dangerous.

[JohnnyMarko 1]

That was........dumb

[normiss 622]

I guess I never realized how rich I am.

[JohnMitchell 14]

Me too, except for that "getting up early" thing anymore.

Considering cause and effect, I think the habits build wealth, not the wealth building habits. I was taught frugality and self-dependence by my parents. It's paid off well.

I'm not surprised at all about the reading. It's the key to so many things in life.

[swisschris62 0]

What actually defines rich?
Lots of money in your pocket?
Kinda f'ed up huh?

[Andy9o8 0]

A lot of that was either tail wagging the dog, or just obnoxious. Except for the thing about reality TV.

[lurch 0]

"They make their children volunteer", huh?
Brilliant. Force them to do something while pretending it is voluntary.
If they have to "make" them, it isn't volunteering.
Doublethink. Teach it to em young.
-B

Live and learn... or die, and teach by example.

[quade 3]

kallend

www.sfgate.com/news/slideshow/17-things-rich-people-do-74597/photo-4563965.php

It's not cause and effect. It's Maslow's Pyramid.

quade -
The World's Most Boring Skydiver

[Andy9o8 0]

quade

***www.sfgate.com/news/slideshow/17-things-rich-people-do-74597/photo-4563965.php

It's not cause and effect. It's Maslow's Pyramid.

I prefer my dog thing. It's easier for The Great Unwashed to understand.

[ryoder 1,381]

I'm doing pretty good according to that, except with the children.
It would probably be easier if I *had* children.

"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

[Nataly 38]

quade

***www.sfgate.com/news/slideshow/17-things-rich-people-do-74597/photo-4563965.php

It's not cause and effect. It's Maslow's Pyramid.

^^^ THIS ^^^

"There is no problem so bad you can't make it worse."
- Chris Hadfield
« Sors le martinet et flagelle toi indigne contrôleuse de gestion. »
- my boss

[mattjw916 2]

Without quantifying the definition of "rich" that article is pointless.

People in San Francisco sit around and read a lot because they are all "house poor" buried in their over-priced/under-water mortgages and can't go anywhere since BART is always on strike.

NSCR-2376, SCR-15080

[labrys 0]

These are behaviors "people who have been taught to enjoy learning and have access to resources" have

Owned by Remi #?

[DrewEckhardt 0]

Most of the rich people I've known and met lived frugal lifestyles and invested money for decades, started companies designed to grow exponentially, and/or were early employees at such companies.

Reading, getting up early, exercising, etc. didn't have much to do with it.

swisschris62

What actually defines rich?

You can live a decent lifestyle indefinitely without another pay check. Other definitions tend to confuse income with wealth.

Ideally you have more than you need to do that and can give some to your children to allow them to pursue whatever career they want regardless of the compensation which goes with it.

Quote

Kinda f'ed up huh?

No, becoming rich by the time you grow old is prudent in a country where Social Security can replace less than 1/3 of a higher earning person's income and is likely to become means tested because most people would rather buy expensive crap like bigger houses.

You can do that as a public servant - the people retiring at 55 with a $90K pension have an annuity worth somewhat over $2M at current prices.

You can do that on your own - $1000/month into tax advantaged retirement accounts will get you $1M of current dollars in 28 years (assuming historic S&P 500 7% real returns with dividends reinvested) and let you draw $40K/year. Another decade will double your million and practical draw.

$1K/month is only a little more than average sized car payments for a couple.

Saving more is a prudent hedge against market declines and early retirement due to sickness, injury, age discrimination, etc.

[JerryBaumchen 1,047]

Hi Drew,

Quote

retiring at 55 with a $90K pension

I guess you have not heard of Mike Belloti, former football coach at the University of Oregon.

He is retired on $44,000/month.

How about dem apples?????

JerryBaumchen

PS) And because he divorced his wife before he retired she gets $5,000/month. Then, after he retired, he remarried her and she still gets the $5K/mo. And it doesn't come out of his retirement. Oh, and COLA's are included with those numbers.

[normiss 622]

He referred to a couple's car payments.
A couple newer cars could easily top $1000 a month for some folks these days.
I have a friend with a $1200 per month BMW 6 series payment.
Idiot.
Her tits aren't that nice anyway.

[swisschris62 0]

Maybe he should have gotten the 800 dollar model BMW and invested some money into having her tits fixed.

[normiss 622]

She is, by far, VERY FAR, THE, single most high maintenance woman I have ever seen in my life.

"I ain't sayin' she a gold digger...."

[swisschris62 0]

Sorry, I can't wrap my head around that stuff.
My wife is smarter when it comes to that stuff.
I know our numbers are no where near that nor do I think they need to be, but that's just me.
My land is payed for, my house on a seperate property is 3 years away from being paid off, we have about 200g in stock ( which gained about 30g this year bringing it back around where it was) and my wife has her 401k at work with another 100g or so ( she is a public servant, school, and has 3 years left. Her pension isn't paying 44g a month though.
Oh and my truck and trailer are fully paid off.
I plan on slowing it down in the next few years.
Maybe I'm totally fooling myself but I think we will be ok. I never really want to quit work altogether just maybe scale it back and go on the road during the warm weather months.
Hell I actually thought we were doing pretty good.

[Rick 67]

normiss

She is, by far, VERY FAR, THE, single most high maintenance woman I have ever seen in my life.

"I ain't sayin' she a gold digger...."

You can't be drunk all day if you don't start early!

[kallend 1,622]

JohnMitchell

Me too, except for that "getting up early" thing anymore.

Considering cause and effect, I think the habits build wealth, not the wealth building habits. I was taught frugality and self-dependence by my parents. It's paid off well.

I'm not surprised at all about the reading. It's the key to so many things in life.

I don't see any cause and effect suggested. Just observations.

...

The only sure way to survive a canopy collision is not to have one.

[Opie 0]

normiss

He referred to a couple's car payments.
A couple newer cars could easily top $1000 a month for some folks these days.

True but those who choose to make those kind of car payments the majority of their life generally are not on a path to building any true wealth. Even if the car dealer did convince them it was "zero" percent interest in some cases.

[normiss 622]

Dude "It's only $20 more a month than your current payment!"