How much money do you need to be rich? - Page 2 - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind > Free Your Mind Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 07-06-2006, 07:32 PM   #16
Rock n' Roll Doggie
 
Join Date: Dec 2004
Location: Strong Badia
Posts: 3,430
Local Time: 11:03 AM
The pastor at a church I recently attended talked about an interesting statistic. If you earn $35K a year, you are in the top 97% of the world's wealthiest citizens. If you boost that number to $45K, you are in the top 99%.

Really puts things in perspective.
__________________

__________________
nathan1977 is offline  
Old 07-06-2006, 07:37 PM   #17
Rock n' Roll Doggie
 
Join Date: Dec 2004
Location: Strong Badia
Posts: 3,430
Local Time: 11:03 AM
Quote:
Originally posted by Irvine511

when you make statements like this, which seem totally foreign to my experience, where do you get your information? do you know many 23 year olds? do you know many twenty-somethings who are well aware that they simply will not be able to do as well as their parents no matter how "well" they do? are there facts your basing this on, or are these inferences from broadly understood principles, i.e. kids today are spoiled?

i mean this as a 100% serious question.
I did career counseling a few years ago as a side gig. I can vouch for some (not all) of what NBC said. Students would come in comparing their earning potential with what kids a few years ago were getting ($50K starting salaries with a $10K signing bonus in the Internet boom). When you'd point out that the Internet boom was over, they'd say, "Screw it, I'll go to law school."

Having said that, I just had lunch with some old friends, one of whom volunteers for NARAL, the other of whom is looking at a career in environmental policy. Piss-poor but happy as clams. So I don' t think everyone can be tarred with the same brush.
__________________

__________________
nathan1977 is offline  
Old 07-06-2006, 09:48 PM   #18
Refugee
 
Muggsy's Avatar
 
Join Date: May 2004
Location: I live in colombia, with a box of watercolors and butterflies in my tummy
Posts: 2,033
Local Time: 06:03 AM
Quote:
Originally posted by Irvine511


do you know many 23 year olds? do you know many twenty-somethings who are well aware that they simply will not be able to do as well as their parents no matter how "well" they do?
*raising my hand* . My parents start to make "real" money when they were younger than I am now... they could buy their own house, and raise us in a good school with an average salary (it would be shit in the USA but here it is enough money). To be honest,,, I don't know If I can do the same thing ... I still live in my parent's house and most of my friends do the same, a few can rent an apartment but sometimes they get short of money. we are not bitter, but that's because we don't have more responsabilites (like raising a kid), and we know we can't afford that.
__________________
Muggsy is offline  
Old 07-06-2006, 09:54 PM   #19
Rock n' Roll Doggie
FOB
 
WildHoneyAlways's Avatar
 
Join Date: Oct 2001
Location: In a glass case of emotion
Posts: 8,158
Local Time: 05:03 AM
Quote:
Originally posted by nathan1977


I did career counseling a few years ago as a side gig. I can vouch for some (not all) of what NBC said. Students would come in comparing their earning potential with what kids a few years ago were getting ($50K starting salaries with a $10K signing bonus in the Internet boom). When you'd point out that the Internet boom was over, they'd say, "Screw it, I'll go to law school."

The difference between this and what nbc said is that the students you talked to wanted the starting rate of a few years ago and not what someone with 10-20 years experience made.
__________________
WildHoneyAlways is offline  
Old 07-06-2006, 09:56 PM   #20
Blue Crack Supplier
 
Irvine511's Avatar
 
Join Date: Dec 2003
Location: Washington, DC
Posts: 30,494
Local Time: 06:03 AM
Quote:
Originally posted by nathan1977


I did career counseling a few years ago as a side gig. I can vouch for some (not all) of what NBC said. Students would come in comparing their earning potential with what kids a few years ago were getting ($50K starting salaries with a $10K signing bonus in the Internet boom). When you'd point out that the Internet boom was over, they'd say, "Screw it, I'll go to law school."

Having said that, I just had lunch with some old friends, one of whom volunteers for NARAL, the other of whom is looking at a career in environmental policy. Piss-poor but happy as clams. So I don' t think everyone can be tarred with the same brush.


^ i think this is quite reflective of reality.

of course there are some people who want it all, now, and i can relate to this because i was in college from 1996-2000 and heard all sorts of fairy tales about the Internet Boom, stuff like they were giving out $60K a year jobs on street corners in SanFran, but when i graduated, the market had tanked and everyone was waiting it out in graduate school. and i think we should also keep in mind that most people pay exorbitant amounts of money for education in comparison to their parents, and my parents owned their own home when they were my age, and i have to rent a room in a house, yet i make significantly more than they did (and i don't make that much).

anyway, i found NBC's comment hugely presumptuous as i imagine most 20-somethings would.

__________________
Irvine511 is offline  
Old 07-06-2006, 10:07 PM   #21
Rock n' Roll Doggie
 
Se7en's Avatar
 
Join Date: Feb 2001
Location: all around in the dark - everywhere
Posts: 3,531
Local Time: 06:03 AM
my most basic, general, rule of thumb for this question is, if you can stop working today and yet still have a middle class income you're rich. obviously, wealth is relative on an international scale.

as a 23 year old young professional, or whatever, i would just like to be able to pay off my student loans with relative speed, afford to put a down payment off at least 50% on a small fuel effecient car (think yaris), and live in a small apartment on my own. at the rate i'm going i will be able to do so in 10-20 years.
__________________
Se7en is offline  
Old 07-06-2006, 11:02 PM   #22
Jesus Online
 
Angela Harlem's Avatar
 
Join Date: Dec 1969
Location: a glass castle
Posts: 30,163
Local Time: 10:03 PM
Quote:
Originally posted by BonosSaint
Enough that you can say Fuck Off to just about anyone.
I'm loaded! It's not an attitude then!



No really, I agree. Everyone in here is focusing on income but not debt. Doesn't matter how much you earn when it is sucked up in debt.
-debts +assets. Disposable income means bugger all.
__________________
<a href=http://img.photobucket.com/albums/v196/angelaharlem/thPaul_Roos28.jpg target=_blank>http://img.photobucket.com/albums/v1...aul_Roos28.jpg</a>
Angela Harlem is offline  
Old 07-07-2006, 02:17 AM   #23
Rock n' Roll Doggie
 
BonosSaint's Avatar
 
Join Date: Aug 2004
Posts: 3,566
Local Time: 07:03 AM
Nope, you're wealthy as all hell.

Thanks. I needed that.
__________________
BonosSaint is offline  
Old 07-07-2006, 02:17 AM   #24
ONE
love, blood, life
 
AtomicBono's Avatar
 
Join Date: Sep 2004
Location: Athens, Greece
Posts: 10,486
Local Time: 05:03 AM
Quote:
Originally posted by nathan1977
The pastor at a church I recently attended talked about an interesting statistic. If you earn $35K a year, you are in the top 97% of the world's wealthiest citizens. If you boost that number to $45K, you are in the top 99%.

Really puts things in perspective.
Is that really true? That certainly does put things into perspective.

I think it's really all perspective. It's how much money you feel like you have compared to those around you. I'm definitely well-off, but I wouldn't call myself rich, despite having two iPods (they were both christmas presents, different years, and I begged for them) my dad is a lawyer (litigation, generally dealing with utilites companies) and he worked extremely hard to get to where he is today, and he still works hard everyday... we have a big house, he has a new Mustang, and we live quite comfortably. compared to some of my friends who can barely afford rent, I guess I seem rich. but it's not like we can afford to buy anything we want. dad supports three kids and he manages his funds well, but we've wanted to go to England for a couple years now but we never have enough money to i'm not complaining by any means, I'm just saying, I always thought rich was buying a new BMW every year and going on vacation whenever you feel like and wearing highly expensive designer clothes and all that, which is definitely not us. I consider us upper middle class, but I guess to many people we're rich should i feel guilty about it?
__________________
AtomicBono is offline  
Old 07-07-2006, 03:33 AM   #25
Rock n' Roll Doggie
Band-aid
 
maycocksean's Avatar
 
Join Date: Jan 2006
Location: The Most Important State in the Union
Posts: 4,882
Local Time: 06:03 AM
It seems like a working defintion of "rich" from a monetary standpoint (I agree that you can argue the richness of life--those things like family, friends, etc that are "priceless" as the Mastercard commercials say) would fall long two possible lines.

"Rich" means that you can live comfortably without having to work.

"Rich" means that you have enough money to buy whatever you want.

Obviously, if you've got both of the above you are rich without question.

Using both criteria, that probably means that most of us are not wealthy. But. . .the second criteria is problematic. The fact is we live in a culture where the whole idea is that you can never by everything you want. No matter how much you have, you will always want more. The advertising industry wants to make sure that it is the case--that we're never satisified.

And the thing is we've already got sooo much. I've traveled quite a bit and I'm telling you no one lives as large as Americans do. Our threshold for middle class success is higher than just about anywhere. To most of the world, even a lower middle class American and even those that would be considered "poor" would be considered pretty well off by their standards. A lot of the things we think we "need" we really don't. We live in houses that are larger than any other "middle class homes" in the world. A car is a "necessity" in America for even the struggling classes (heck, our idea of poverty is living in your car), and having a two car family is considered normal, whereas in much of the world, many "middle class" families don't own even one car. The amount of clothing we have, even the size of our roads is far beyond what most of the world has.

And yet we aren't rich. Why? Because we all want, we all "need" more.

I'm not necessarily saying we all need to move into huts. I'll be the first to tell you that I just couldn't live in the tiny apartments that many of my Filipino friends in Saipan call home.

But I think it's good to be aware of just how good we have it, and to recognize that a lot of our "needs" are being created by Madison Avenue and are not intrinsic.
__________________
maycocksean is offline  
Old 07-07-2006, 09:31 AM   #26
Refugee
 
dazzlingamy's Avatar
 
Join Date: Apr 2005
Location: The city of blinding lights and amazing coffee - Melbourne.
Posts: 2,468
Local Time: 10:03 PM
I think rich is being happy with the money you have. You don't wish for more, you are happy with what you've got.

I also like the explaination someone said about needing to wanting things and the difference between the classes.

I also think today, that a small percentage (but the most prolific) of americans that earn gross amounts of money for pretty much nothing ie celebrities are turning money and being rich into a farce. To have SO MUCH money you spend a million dollar on clothes a year, i frankly think is disgusting and as these celebs are so well publicised around the world, its a message of 'gross over wealth' that causes much scorn and also much envy from other countries and citizens around the world.

Honestly, my family is quite rich in monetoary sense. But i still have to work....and i love my family more because of the people they are then the fact I go overseas every year, or new cars, or my own house blah blah....it doesn't matter to me.
__________________
dazzlingamy is offline  
Old 07-07-2006, 09:57 AM   #27
Blue Crack Supplier
 
Irvine511's Avatar
 
Join Date: Dec 2003
Location: Washington, DC
Posts: 30,494
Local Time: 06:03 AM
Quote:
Originally posted by dazzlingamy
I also think today, that a small percentage (but the most prolific) of americans that earn gross amounts of money for pretty much nothing ie celebrities are turning money and being rich into a farce. To have SO MUCH money you spend a million dollar on clothes a year, i frankly think is disgusting and as these celebs are so well publicised around the world, its a message of 'gross over wealth' that causes much scorn and also much envy from other countries and citizens around the world.


nicole kidman ... russell crowe ... rupert murdoch ... keith urban ... hugh jackman ... AC/DC ... kylie minogue ...
__________________
Irvine511 is offline  
Old 07-07-2006, 10:20 AM   #28
Refugee
 
dazzlingamy's Avatar
 
Join Date: Apr 2005
Location: The city of blinding lights and amazing coffee - Melbourne.
Posts: 2,468
Local Time: 10:03 PM


can you ever just leave this whole Australia/USA thing alone. I'm not bashing YOU, i'm explaining what other countries see. Yes those people are Australian born (well minus Kylie, Nicole and Rusell from that list) but you'd be hard pressed to find a lot fo people in the states let alone out of america who would know where those people come from.

And you can have rupert. He sounds more american then australian now! (and certainly has american business morals!)

But i do agree with those people you listed, yes they all earn more money then sense. I mean a 7 million dollar wedding for nicole and Keith. is there any need for that? No.
__________________
dazzlingamy is offline  
Old 07-07-2006, 10:37 AM   #29
Blue Crack Supplier
 
Irvine511's Avatar
 
Join Date: Dec 2003
Location: Washington, DC
Posts: 30,494
Local Time: 06:03 AM
Quote:
Originally posted by dazzlingamy


can you ever just leave this whole Australia/USA thing alone. I'm not bashing YOU, i'm explaining what other countries see. Yes those people are Australian born (well minus Kylie, Nicole and Rusell from that list) but you'd be hard pressed to find a lot fo people in the states let alone out of america who would know where those people come from.

And you can have rupert. He sounds more american then australian now! (and certainly has american business morals!)

But i do agree with those people you listed, yes they all earn more money then sense. I mean a 7 million dollar wedding for nicole and Keith. is there any need for that? No.


i'm sorry, it's just in nearly all your posts you take out-of-the-blue potshots at the US and seem to locate us as the nexis of all evil in the world. i dislike the current administration and direction of the country as anyone, but i still don't like being singled out and have fingers pointed at me when other countries are every bit as guilty of the same crimes.

and i often have fantasies about moving to Oz, so please don't get me wrong.

(and i don't want Rupert ... no freaking way)
__________________
Irvine511 is offline  
Old 07-07-2006, 06:44 PM   #30
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 03:03 AM
A breadth of living experience (by a couple of decades) has shown me evidence of this trend – having lived though the post college years and knowing young 20-somethings today. The experiences nathan1977 witnessed at the end of the 90’s were just as evident through the 80’s. I found it odd to say my observations were hugely presumptuous when I’ve experienced this personally.

As a consumer society, we have also accelerated our acquisition of personal non-essentials. Items considered luxuries by our parent’s generation are not only acquired, but upgraded on a regular basis. The level of conveniences and non-essentials that we have available and readily take advantage of is far and above what was consumed by our parents.

It is also hard to image today what we can accomplish over 10 to 20 to 30 years.
__________________

__________________
nbcrusader is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 06:03 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com