Attitude about money is more important than the amount of money one has. That’s why many lottery winners are broke just a few years later. A smart person spends less than their income, a foolish person spends more than their income. Either direction, the more you do it, the greater the degree of your financial status.
So where is this person living, eating, drinking, and not paying taxes just because they make $200,000? Not that they couldn’t save a lot faster than someone making $40,000, but 10 years ain’t gonna do it. Let’s not forget inflation (~3.2%). In 10 years, $50,000 is going to be worth about $35,000.
Nighthawks Premium Member about 8 years ago
so, it’s simple. just make $200,000 a year. The rest will fall into place.
Smiley Rmom about 8 years ago
Attitude about money is more important than the amount of money one has. That’s why many lottery winners are broke just a few years later. A smart person spends less than their income, a foolish person spends more than their income. Either direction, the more you do it, the greater the degree of your financial status.
R.U. Kidding about 8 years ago
That’s not such a bad life, Claire…
bobviously about 8 years ago
So where is this person living, eating, drinking, and not paying taxes just because they make $200,000? Not that they couldn’t save a lot faster than someone making $40,000, but 10 years ain’t gonna do it. Let’s not forget inflation (~3.2%). In 10 years, $50,000 is going to be worth about $35,000.
hippogriff about 8 years ago
That’s what Mr. Macawber told David Copperfield a century and a half ago.