So when will you hit your first million in assets? That includes house, minus mortgage, blah blah.

Based on today's lifestyle and earnings, wife and I are shooting for 51 years old, 13 years from now. What about you? Anyone aiming high? Higher? There already?

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You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman

Sorry Kuan, but there will be a large geographic sector making up this august body that feels that discussing such things is not proper

It's more inflammatory than politics? Yeah you know, it's OK to not have the same ambition, hell I don't have the same ambitions as you. But having enough makes life all the more tolerable, enjoyable even. My BIL is gonna hit his first million in 3-4 years. At that point I'm gonna throw him a biga$$ party!

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You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman

I just meant that most of us born in the South were raised to consider mention of one's personal financial status in conversation as impolite. For instance, if you were to ask my dad what he paid for something--anything--he would have a stroke.

John, do you think it's regional or generational, this reluctance to discuss things of this nature. My dad would have considered such conversations to be in poor taste.

He came from an old Southern family that had owned a sizable portion of the town they lived in. He would never have owned an MB, thinking it was too pretentious. He wanted a Lincoln Towncar til the day he died, but would never have bought one of those either.

He often loaned his employees, brothers, more distant relatives, and sometimes nearly complete strangers money. I asked him why, because I thought many of them wouldn't pay it back. He told me he was almost certain none of them would, but he didn't do it with that in mind. He was fortunate to have more than many of them had, so he felt it was important for him to share what he had with them when he could.

My dad! What a man. I still miss him a lot even after nearly twenty years. No, I don't find those kind of values nearly as often in my generation as I did in his, I'm sorry to say.

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

You never ask a man the size of his spread or the number of head in his herd.

Period.

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Never a dull moment at Berry Hill Farm.

I don't know. I didn't want to offend anyone, so I won't speculate further. Personally, I think its in poor taste--but that is only an opinion and not an indictment of character. I am kind of old fashioned though, and this computer and my participation in this forum is as high tech as I get. I stood up for a woman from New York last month as she entered the room, and she looked like she was tearing up, so I gave her my handkerchief and then she started balling. I asked her what was wrong and she said I reminded her of her grandfather (from VA). I have opened the door for women who have in return have been insulted by the gesture. Whaddya gonna do?

If you are sorry you don't see those values, then practice them yourself to bring them back!! People will copy you. I used to do pretty well with the ladies as a bachelor, and you would be suprised how many people will try to emulate you when they first laugh at gestures they at first deem archaic.....

Amy Vanderbilt is on my daughters' required reading list too....

Here, here old chap !



.

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[http://languageandgrammar.com/2008/01/14/youve-got-problems-not-issues/ ]

"A liberal is someone who feels they owe a great debt to their fellow man, which debt he proposes to pay off with your money."

Kuan- Does a "million" smiles in my heart count? Or a million "thanks you's" from my patients count? I am content with what I have and what i am working towards, it won't be a million on paper but in my heart it will be.

That's cool. I don't have any worries right now, and we're way under a million bucks. I could live like this for the rest of my life.

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You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman

Most wealthier-than-average folks have their resources tied up in non-liquid assets, such as their homes. They also might over-estimate what their places are really worth, so take it all with a very large grain of salt.

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma

I don't think it is a patrician thing at all--I was just writing silly. If there are three guys standing around and one is discussing which stock to buy with the $1M he just fell into, it would make the other two school teachers who are upside down on their leased cars uncomfortable--think about it that way.

A million dollars ain't what it used to be. I hit that a while ago, but I'm still working my butt off.

When thinking about being able to retire, I generally consider that I'll need a million dollars for every $50K a year I need to live on. That's liquid assets, not total net worth.

If you can average 6-9% growth a year, you can tap into that for 5% to live on without getting into your principal and still leaving a little to account for inflation.

I figure I'll probably need about $100-125K a year to quit working completely, hence I would need $2-2,500,000 total of income producing assets in order to no longer require a salary.

See what I mean?

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles