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Davidson Deac II

Member Since 24 Nov 2008
Offline Last Active Jul 26 2014 09:01 PM
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Posts I've Made

In Topic: The downsides of being rich

25 July 2014 - 04:54 PM

I once got a million out of a ATM.  Felt good, even if it was 1 million Turkish Lira which was only worth about 20 dollars. 


In Topic: Vladimir Putin

25 July 2014 - 09:03 AM

Not necessarily on Russia taking up the reigns. But, I do believe that the American empire is nearing its fall. I don't believe the USA will itself cease to exist, but it will look very different.

Any empire can only get so big, so complicated, and so corrupt before the chinks in the armor begin to show.

 

In a hundred years, most nations will look different.  Its not a matter of corruption or complexity or anything like that.  Its just the nature of things. The only constant is change. 


In Topic: The downsides of being rich

24 July 2014 - 10:48 AM

Fwiw, if they had invested in the market in 2009 and left the money in, and continued to invest, they would have made a lot of money.  Most of the people who lost money when it went down were those who pulled their money out. 


In Topic: Koch Brothers Give $25M to United ***** College Fund

24 July 2014 - 09:36 AM

Good for them.


In Topic: The downsides of being rich

24 July 2014 - 09:32 AM

it's interesting to see different perspectives on rich vs not, and I mean that honestly.  In another thread there was a brief discussion on if $400k a year makes someone rich. I think so, though not rich in the way that they have no cares about money at all.

 

Did the guy you're referring to have a family?  It can be hard to save large amounts of money with a family.

 

No he didn't have a family, which is why I say the choices one makes in life can make one rich.  I would rather have the family. 

 

While I don't think of myself as rich, if things continue as they have, I could be to the point that I consider myself rich in 8-10 years assuming that I live that long.  My definition of rich would be having my house paid for, being mostly debt free, and having half a million or so in various investments.  That is probably not the definition of rich that most people have though. 


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