This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Attaining Wealth


Yeah I am in the same camp, I don't really want to make a lot of money, more money at the expense of other things doesn't do anything for me right now

Right now I am stress free, have heap of time, I get to do thing thing I enjoy everyday...

I am in a goldilocks stage and would not swap for more money
or anything else to upset the current position...
 

+1 peak season in popular place $400 is normal, I usually dont have luxury of going off peak as I have to follow the kids school holiday time table and every we go it expensive during these times....Hotel, Air fare, Cruise, Activities.

but hey that why you invest :) to get enough money to be able to do that sort of stuff but not to go over the top.
 
Depends what you get for the $400.

True, still when you spend around 7 weeks a year paying for a hotel room, I generally try to budget. When it comes to travel, I do like the quantity :cool:

Hopefully my employer isn't watching, but I do find at 4am on a quiet night shift I'm able to do a bit of hunting around for bargains.

As smurf says, there's plenty of bargains out there, discounts etc, but a lot of people are either too lazy or sometimes too proud to take advantage of them.

I have a lot of respect for Buffett as he has the wealth, yet still a fairly simple outlook on life. I get to se to omany in the financial industry at Martin Place looking a million dollars in their suits and sports cars, but I bet the majority of them are geared up to the point they probably stress themselves to sleep each night.

I do think we've started to follow what the Singaporeans call the 4Cs - Car, Cash, Credit card, Condo - and a 5th one for the truly rich - Country club membership. To me that is not a true measure of wealth, especially if it comes with a meanness of spirit.
 
Something I've learned over the years is that you cannot exceed your own self image.

I know what you're saying but there's a really important proviso, and that is: I can always act in a way which is beyond my current self image.

When I'm a baby, my self-image is that I am a helpless baby who can't walk. My actions have to exceed my self-image in order to learn how to walk and take care of myself. Desire makes me act, then the self image changes. Then the new image creates the new reality.

This is the essence of behavioural therapy - acting outside of one's self image. The theory goes that if I act like the person I want to be, the subconscious imprints start to fall in line with that. A new self image is created, and a new reality follows.

The other option in life is to see the self image as just that... merely an image, a concept... something only adolescents hang onto. But that's for the religion thread.
 
Attaining Wealth imo requires the following.

1. Luck
2. Resilience
3. Hard work
4. Not following the crowd.
5. Not worrying about losing your wealth.

They are my five essential requirements

It helps if you can do the following.

1. Come from a home that is poor in assets but rich in hope and love.
2. Not be overly impressed by ostentatious wealth.
3. Marry the only child of a very rich person in poor health who doesn't intend to give their money to some stupid cat charity.
4. Buy low sell high.
5. Control your expenditure.
6. Have friends who are not ostentatious, but all the way from poor to wealthy.
7. Get involved with your community, do pro bono work etc.

gg
 

That's the hard one.

Though not a godbotherer I find a biblical phrase from Psalm 23:4 quite moot.

Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.

I translate this as self belief when I have to make a difficult decision.

Another translation of the good psalm is.

" **** Happens "

gg
 
Disagree with this one. No need to worry about it, but it makes sense to always protect your capital.

There is a difference between active protection of wealth and worry about losing it.

I know some very wealthy people paralysed by their wealth leading dreadfully worrisome lives, worse than a resident in Vinnies.

gg