Tired of Money

To me, money is extremely intoxicating to tell the truth.
I could write an essay: “The Beauty of Money” –by IEV. Even better, Chad could organize the 2011 Analyst Forum Writing Congress as part of the AF 2.0 festivities, and the only topic would be our love for money.
I’ll compose a requiem too.
 
krazykanuck Wrote:
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> @Dude: Thinking of all the realities of life is
> enough to make you occasionally wonder what the
> point of all of it is.
>
> That being said I love having and making money. I
> like being able to look at my bank and investment
> accounts and know that I’m already ahead of
> probably 99% of my fellow recent university
> graduates. Makes my life problems look pretty
> trivial next to the people who don’t have enough
> money to cover rent, or car insurance, or whatever
> problems most 22 year olds have.
If a great deal of your level of happiness and satisfaction with life is dependent on comparing yourself to others you’re in trouble.
 
My mantra is simple, live below your means 95% of the time, and above it 5% of the time. The worst thing u could do imho is to buy stuff like expensive homes, expensive cars, jewelry, etc as you’ll continually raising the cost of your lifestyle (meaning you’ll be on the workforce hamster wheel for a lot longer since u need to pay for your next car, which will likely be more expensive). A big house makes no sense at all from a number of reasons, including A) Its more expensive to maintain (plus higher property taxes/insurance/electricity) , B) You have to spend more money furnishing the place, C) Its less intimate, if u have a spouse/kids, you’re more likely to not see them in a big crib.
I live in the same apartment and drive the same car now as I did when I first got out of school 7 years ago and was dead broke, I splurge on vacations from time to time (Especially on restaurants, went to Alinea in Chicago last month, will blow ur mind), with majority of my post-tax income going into the market (mostly high dividend, low beta equities). I’ll be d@mned if I’m still working because I need to when I’m 50.
 
^ I cannot believe that is only your 11,000 post or close to it. Where have you been?
 
xabat77
you forgot to mention women. they are the reason that 99 percent of guys need a big house, jewelry, and flashy cars.
“Without women, all the money in the world would have no value.” - A Onasis
 
xabat77, what the heck have you been up to over the last few years? Drop me a line – gotta update you on a couple things and would love to hear how you’ve been. Didn’t realize you were still around…you made an impressive guest appearance.
 
bodhisattva Wrote:
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>
> If a great deal of your level of happiness and
> satisfaction with life is dependent on comparing
> yourself to others you’re in trouble.
True but there’s nothing wrong with a little healthy competition.
 
McLeod81 Wrote:
——————————————————-
> “So you think that money is the root of all evil?
> Have you ever asked what is the root of money?
> Money is a tool of exchange, which can’t exist
> unless there are goods produced and men able to
> produce them. Money is the material shape of the
> principle that men who wish to deal with one
> another must deal by trade and give value for
> value. Money is not the tool of the moochers, who
> claim your product by tears, or of the looters,
> who take it from you by force. Money is made
> possible only by the men who produce.”
Altas Shrugged. Nice.
 
econgirl Wrote:
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>
> Altas Shrugged. Nice.
Yep. I didn’t think anyone caught the Francisco d’Anconia quote.
 
Great book. The movie wasn’t that bad either! Did you guys see it? Atlas Shrugged pt 1?
 
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