I know plenty of people who's achieved (and easily surpassed) what some are saying here ... how much $ per week, or how much total assets etc etc.
But not one of these people have stopped working / building wealth further.
That's the key for me...doing something i love to do, that supplies enough for us to maintain the lifestyle we enjoy whilst having enough left over to give away...
The reason why we are here is because we don't want to grow our income passively. I enjoy making money. I don't see that changing when I hit a certain amount.
Does anyone here actually know anyone who's accumlated enough wealth and is "Living the Dream" so to speak?
Does anyone here actually know anyone who's accumlated enough wealth and is "Living the Dream" so to speak?
I know plenty of people who's achieved (and easily surpassed) what some are saying here ... how much $ per week, or how much total assets etc etc.
But not one of these people have stopped working / building wealth further.
So I think it is important to ask yourself... will whatever you say is enough now, be enough when you get there?
My guess is, for 99.9% of people, the answer is no.
Not in a position to curtail my acquisition stragedy!
So. How much wealth is enough?
I've already said that I had a target of what was enough, pretty carefully calculated. I've seen too many people become obsessed with continuing to make money long after they'd reached a very comfortable level of financial independence. Some also had been so obsessed for so long with increasing the total that they found it difficult to spend e.g. wouldn't go on holiday because they didn't want to deplete the pile.Does anyone here actually know anyone who's accumlated enough wealth and is "Living the Dream" so to speak?
I know plenty of people who's achieved (and easily surpassed) what some are saying here ... how much $ per week, or how much total assets etc etc.
But not one of these people have stopped working / building wealth further.
So I think it is important to ask yourself... will whatever you say is enough now, be enough when you get there?
My guess is, for 99.9% of people, the answer is no.
That has been my attitude also. There's something immensely rewarding in voluntarily contributing to your communityI think the main issue is that if you are not making money you are spending it, but from my perspective if i did have 'enough' passive income i would rather spend that spare time helping others or supporting causes close to me, rather than working hard to make even more money
Agree. My guess would be that most of the population works in jobs that are a means to an end only, just a pay packet, and it's just a constant grind for them. Last week I admired a gorgeous bouquet of roses sitting behind a Woolworths checkout operator, a woman close to retirement age. They were from her husband for their anniversary, in part to compensate for them being apart on that day. He works at some distance in the mines and was away most of the time. She said "what can you do? neither of us want to do what we do, but you have to do it for the money." Hundreds of thousands of people like that.I know plenty of people who have way more than the numbers being quoted in this thread. While I agree that you should do something you like, I disagree that doing that automatically brings wealth. A lot of it is just luck.
Dear oh dear.
The last thing on your mind is how can I get more, if you are truely wealthy!!
You are abundantly wealthy if you just want to give to see the relief you can bring.
Fullment is in that, not in hankering for more or worrying about what to do with it all.
If you are profoundly wealthy you know it's value - there are only so many hamburgers you can eat at lunchtime!
Caviar tasts disgusting.
'You still have to get on the treadmil fatso.'
Those that do not know wealth will instinctivly feel, "I can't believe Buffet and Gates are giving it all away, that's insane."
Tight fistidness is not a happy state, not a contended state, not a fearless state, not a state of feeling the warm overflow of wealthiness.
Wealth is a river, expect poison if your always try to dam it and intense fear when you eventually lose it, which you will!
'Never kept a dime past sunset,
Aways burnt a hole in my pants'
Keith Richards from the song - Happy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I don't think anyone said anything about giving it all away. Rather it's having achieved through one's own efforts (and maybe a bit of luck) a position where there is some money left over each year after providing for all that we need for ourselves. That's the point where there is imo great pleasure and satisfaction in giving.bit of a catch 22 isn't it? people who become wealthy enough to achieve this goal aren't usually those that want to give it all away and help others etc. If they had that frame of mind then chances are they are not wealthy.
In reality most of the figures touted here will not be achieved by our members.
Off the 33000 members around 231 will become millionaires.
Of the approx 1000 active members posting 7 of us are or will be in that group.
View attachment 49915
But those with 30 million or more will be more elusive.
Of the 33000 (Ive halved the Asia Pacific total ) 6.6 of us
Of the 1000 actively posting we may have 1
View attachment 49916
So even moderate wealth of $1 million is a rare achievement.
Well I'll be one, so that leaves 6 spots for the rest of you all
But those with 30 million or more will be more elusive.
Of the 33000 (Ive halved the Asia Pacific total ) 6.6 of us
Of the 1000 actively posting we may have 1
View attachment 49916
So even moderate wealth of $1 million is a rare achievement.
I really hope you do!
The distance between " I will be and i've made it " is immense.
Looking back is far easier than looking forward!
I don't think anyone said anything about giving it all away. Rather it's having achieved through one's own efforts (and maybe a bit of luck) a position where there is some money left over each year after providing for all that we need for ourselves. That's the point where there is imo great pleasure and satisfaction in giving.
For me it's about being able to support the RSPCA, specifically to help them prosecute people who are cruel to animals.
Does anyone here actually know anyone who's accumlated enough wealth and is "Living the Dream" so to speak?
I know plenty of people who's achieved (and easily surpassed) what some are saying here ... how much $ per week, or how much total assets etc etc.
But not one of these people have stopped working / building wealth further.
So I think it is important to ask yourself... will whatever you say is enough now, be enough when you get there?
My guess is, for 99.9% of people, the answer is no.
Why not? You're pretty much contradicting your earlier posts with this remark.Allow me to re-phrase. People who want to become rich or 'wealthy' to give probably won't end up becoming rich or wealthy.
I disagree. I think it's more of a mindset, an attitude to the community. I and many people I know have always made voluntary contributions to the community. If whilst not well off financially, then in our time. And then as the financial situation improves, there's the capacity to give in monetary terms as well.I think the whole giving thing comes after people have accumulated vast wealth and then realise, or perhaps wonder if there is more to life than the money they have been chasing. They then find great satisfaction in sharing that wealth and helping others, whether by donating their time or money. Giving time is something that is also achieved through an accumulation of wealth as you don't need to be at work all week, if at all.
Why not? You're pretty much contradicting your earlier posts with this remark.
I disagree. I think it's more of a mindset, an attitude to the community. I and many people I know have always made voluntary contributions to the community. If whilst not well off financially, then in our time. And then as the financial situation improves, there's the capacity to give in monetary terms as well.
Something I believe is that the health of any community is as good as the contribution of its members.
Such contributions don't have to be financial.
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