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Wellardmac wrote:
Think about it, even if you win the Powerball it really doesn't buy you into the super-rich club like it used to. I think the Powerball record was around $365 million - sure that will allow most to retire on a comfortable living, but it won't buy you a mansion, a yacht, or a plane. You could buy a nice car or two, but what's that worth unless you're living in a $5 million dollar house to keep all your expensive stuff in? Don't even start talking about upkeep on that lifestyle. $365 million certainly wouldn't allow an extravagant lifestyle for life. MC Hammer was worth $30 million at his peak - he spent it all and ended up in bankruptcy. Britney Spears is on the same path and look at how much money she has (I could argue that she also has no class, even at a net worth of $150 million). Even those numbers do not buy financial independence.
Do you really think this way? I don't know, but last I checked $365 million buys a few mansions, yachts, and maybe a nice plane or 2. If you can't live a very extravigant life on that much money than the problem lies in the individual. I could lead a very very comfortable life on probably $3 million. Will that buy me a mansion? No. But I don't need one. And that's the point. Too many times we see people buying things because they think they can afford it or they are trying to keep up with the Jones'. Me, I could care less about the Jones'. s[p
Think about it, even if you win the Powerball it really doesn't buy you into the super-rich club like it used to. I think the Powerball record was around $365 million - sure that will allow most to retire on a comfortable living, but it won't buy you a mansion, a yacht, or a plane. You could buy a nice car or two, but what's that worth unless you're living in a $5 million dollar house to keep all your expensive stuff in? Don't even start talking about upkeep on that lifestyle. $365 million certainly wouldn't allow an extravagant lifestyle for life. MC Hammer was worth $30 million at his peak - he spent it all and ended up in bankruptcy. Britney Spears is on the same path and look at how much money she has (I could argue that she also has no class, even at a net worth of $150 million). Even those numbers do not buy financial independence.
Do you really think this way? I don't know, but last I checked $365 million buys a few mansions, yachts, and maybe a nice plane or 2. If you can't live a very extravigant life on that much money than the problem lies in the individual. I could lead a very very comfortable life on probably $3 million. Will that buy me a mansion? No. But I don't need one. And that's the point. Too many times we see people buying things because they think they can afford it or they are trying to keep up with the Jones'. Me, I could care less about the Jones'. s[p