How wealthy are you.....really?

I feel rich as I've seen lots of dirt poor people.

It's all about priorities to us. We could buy a new car since ours is 12 years old, or spend the winter in Thailand. The car runs just fine. Thailand wins.
 

QuickSilver said:
There is wealthy..... and there is WEALTHY. If you have a net worth around that amount, but you are going to use it to live in retirement and not support an exorbitant lifestyle.,,then I would think you are comfortable. BUT if you have enough money that you can blow on whatever catches your fancy, like yachts and car elevators, then I think that qualifies as being rich.
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Agree. I may be financially independent, but I don't feel wealthy even though Im in the 1% bracket. I can't go buy a big yacht. Maybe a small bass boat. ;)
 

Go on then Jim....How poor are you really?...seriously, why not turn this thread on it's head?...there has to be folks on here who struggle financially so let's here from you all , lets not presume everyone on this forum are wealthy folks cuz it can't be so surely?
 
Holly, I am not really "poor" but with my pension and social security (and wifes SS) we get by. We can't afford to throw money away but we have everything we need. I worry for the REALLY poor!!!!
 
AZ Jim said:
Holly, I am not really "poor" but with my pension and social security (and wifes SS) we get by. We can't afford to throw money away but we have everything we need. I worry for the REALLY poor!!!!
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I was poor for a good part of my adult life, being poor and old would be worse!
 
Well I'm glad you're not on your uppers Jim, and I'm the same as you AS..poor for the best part of my life, so what I have now I'm very grateful for, good enough to get by thank the lord, no worries about how to pay the next bill, and please God it always continues. As you say Poor is awful but old and poor has to be the worst, with no opportunity to be able to earn any money to improve finances.

However I still believe that there could be many people on this forum who read threads like this and think ...well lookee at those folks bragging about their expensive holidays and properties etc... while they are struggling to pay the next Bill... so I hope if anyone is having a hard time financially that they would feel comfortable posting here
 
The original post was meant to show that none of us on here are really poor; in world-wide terms....
i know that some people on here will be struggling; but not in absolute terms.....
I was shocked to find that I was so wealthy in world terms...it doesn't always feel like it!
 
Yes, some folks can act/be very modest/low-key about their wealth. We know a couple who are both retired. The husband gets SS and a nice Pension from Ford Motor Company and his wife only gets SS. They have two homes, FL and Mich., and a lake cottage in Mich.. They have four boats: pontoon, ski, sail and cuddy cabin type. Hardly ever eat at home and have friends who have the kind of money they do. They act very modest about the money they have, but we KNOW they sure aren't poor by any degree of the word.

Some folks in our age bracket don't have to pay rent, if renting a home from a relative or pay mortgage because the house is fully paid for. If they had to pay rent or mortgage, they might be "sweating" the money thing as well.
 
Well, I'm certainly not rich, by any means. BUT, I have enough to have a roof, food, medical care, etc., and to take care of my doggies and have a little left over to help out my sister sometimes. That's all I really need.
 
I have always lived beneath my means in order to save for a comfortable retirement.. so I have never had a luxury car or a huge new home.. In return for that I am now in pretty good shape for retirement... if only I could decide when.
 
hollydolly said:
Well I'm glad you're not on your uppers Jim, and I'm the same as you AS..poor for the best part of my life, so what I have now I'm very grateful for, good enough to get by thank the lord, no worries about how to pay the next bill, and please God it always continues. As you say Poor is awful but old and poor has to be the worst, with no opportunity to be able to earn any money to improve finances.

However I still believe that there could be many people on this forum who read threads like this and think ...well lookee at those folks bragging about their expensive holidays and properties etc... while they are struggling to pay the next Bill... so I hope if anyone is having a hard time financially that they would feel comfortable posting here
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I feel very badly for seniors who struggle as that easily could have been me, as I struggled for years. I didn't even leave the US until I was 46, so travel is something I've only done for the last 17 years, and except for the first two trips that's thanks to my hard-working husband. Many of my friends on FB who can't travel tell me they enjoy following my travels and learning about new places.
 
QuickSilver said:
I have always lived beneath my means in order to save for a comfortable retirement.. so I have never had a luxury car or a huge new home.. In return for that I am now in pretty good shape for retirement... if only I could decide when.
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As long as you have no plans that require you to quit and you still enjoy, why quit? On the other hand if ya did, you could play here more.
 
QuickSilver said:
Therein lies the conumdrum..... I have no idea what "play" I'm interested in. I've worked all my life..
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My sister who had been widowed in her 40's and was a teacher was worried she'd be bored in retirement. But the decision was made for her when her state's teacher's retirement plan was about to lower the pension amounts. So she retired at 60. She kept telling us she loved her job and she had no hobbies and didn't like doing crafts. Well, she hasn't been bored at all since she retired and it's been nearly 5 years.

You might be surprised to discover something you've always wanted to do or learn, read about, etc.
 
QuickSilver said:
Therein lies the conumdrum..... I have no idea what "play" I'm interested in. I've worked all my life..
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Don't fall into the trap of others thinking when it comes to "what to do with your time". See, this is where simple things went. People feel now if you are not into some time consuming activity when you retire, you'll simply "rot on the vine". Not true. I retired in 1991 and haven't had any common "activities" since. I feel no guilt in sitting on my patio reading, or just thinking, cruising the computer, puttering in the garage, etc. Nothing exciting and it hasn't killed me yet, nor have I lost my ability to function. I think, for instance just the things you can learn online keeps your mind somewhat sharp. Let days happen..take care of yourself but you need not "work" at retirement. RELAX.
 
AZ Jim said:
Don't fall into the trap of others thinking when it comes to "what to do with your time". See, this is where simple things went. People feel now if you are not into some time consuming activity when you retire, you'll simply "rot on the vine". Not true. I retired in 1991 and haven't had any common "activities" since. I feel no guilt in sitting on my patio reading, or just thinking, cruising the computer, puttering in the garage, etc. Nothing exciting and it hasn't killed me yet, nor have I lost my ability to function. I think, for instance just the things you can learn online keeps your mind somewhat sharp. Let days happen..take care of yourself but you need not "work" at retirement. RELAX.
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I really need to cultivate your approach towards life, Jim. I feel acutely guilty if I'm not pursuing some worthwhile endeavor.
 

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