How Rich Is Rich?

Re:How Rich Is Rich? by wallflower on Friday October 22, 2010 @06:59PM (#1821862)

True wealth is how long you can maintain your preferred lifestyle without working. By scaling back, you become wealthier.

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Re:How Rich Is Rich? by dkarl on Friday October 22, 2010 @07:32PM (#1821952)

Only if you can manage to "prefer" your new, scaled-back lifestyle.

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Re:How Rich Is Rich? by sliverstorm on Friday October 22, 2010 @08:36PM (#1822105)

I think 'manage' is not quite the right word. I am sure there are plenty of people out there who could be happier while spending less- the ones who are spending in search of happiness.

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Re:How Rich Is Rich? by groaner on Saturday October 23, 2010 @12:51AM (#1822678)

Care to quantify that? I could maintain my current lifestyle for 8-10 years from savings (without having to touch retirement accounts), or longer if I move somewhere cheaper, but I don't feel wealthy at all.

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Re:How Rich Is Rich? by jaxn on Saturday October 23, 2010 @10:35AM (#1823548)

Feeling wealthy and being wealthy are often two very different things.

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