I only ride Uber comfort

[pain is ocean i am fish]

As a person with enough money to flex but not enough money to do anything useful, i feel really acomplished every time i get out of my Uber comfort/select ride


What's your poor man idea of what a rich man does?

[Angel]

I never liked the idea of flexing since the status of wealth shouldn't matter. I know plenty of people who wear designer clothes, have nice cars and fine dine but are struggling to pay off debt or buy a house due to trying to portray wealth just to satisfy their ego.

But to OPs original question; my idea of poor man's/woman's luxury is to pay for carpark, shop at retail prices and to order after dinner drinks after desserts.

[kbiz]

โพสต์ดั้งเดิมโดย Angel:

I never liked the idea of flexing since the status of wealth shouldn't matter. I know plenty of people who wear designer clothes, have nice cars and fine dine but are struggling to pay off debt or buy a house due to trying to portray wealth just to satisfy their ego.

That's called big hat, no cattle.

[kilésengati]

โพสต์ดั้งเดิมโดย kbiz:

โพสต์ดั้งเดิมโดย kilésengati:

Even reaching middle class living standard by 65 only by living frugal and working hard is a dream of many that will no longer become reality, thanks to corpos and their bankster politicians. They don't want people to live such lives but rather to depend on welfare and consoom.
Save x-percent of your income to get rich isn't going to work with inflation like this and wages not catching-up on inflation for decades now - that's like burning money. It isn't a bad idea to have buffer, but it shouldn't be regarded as a way of earning money or saving for an investment because inflation will outpace you. Unfortunately, it's typical Dave Ramsey boomer advice. Problem with ETFs and trading in general is that you shouldn't do it if you can't afford to loose the money - many can't.

Why do you have to live frugally? I'm just saying you don't have to spend your money as fast as you earn it.

Investing is a long-term game. It's about generating wealth over time. How long of a rolling period of time (in years) do you think it takes the stock market to always have a positive return?

You can't invest over a long term if you can't afford to keep up the investment. If a crisis hits and you either loose your income or it isn't worth as much anymore, there are many things you can't cut spending on without sacrificing income, health or standard of living (not speaking of consooming here) and one of the first things people resort to is to liquidate their investments, even for a loss.

[DRUNK_CANADIAN]

โพสต์ดั้งเดิมโดย Rumple Stiltskin:

As a person with enough money to flex but not enough money to do anything useful, i feel really acomplished every time i get out of my Uber comfort/select ride


What's your poor man idea of what a rich man does?

Wears nice clothes.... most rich people dress moderate/basic at best..... the clothing items do cost a lot but the style is almost non-existent most of the time unless they are media personalities.

[Plaid]

I'd be more like Conan, with my cushy job and enormous salary, driving around an old Ford Taurus.

[kbiz]

โพสต์ดั้งเดิมโดย kilésengati:

You can't invest over a long term if you can't afford to keep up the investment. If a crisis hits and you either loose your income or it isn't worth as much anymore, there are many things you can't cut spending on without sacrificing income, health or standard of living (not speaking of consooming here) and one of the first things people resort to is to liquidate their investments, even for a loss.

You should take a course on investments. I'm just telling you the basic fundamentals for sucess. You should shovel as much money as you can in tax preferred vehicles like a Roth IRA too.

You should have an Oh Sh!t fund for when things go wrong. You should lower your equity exposure and increase your fixed income and cash exposure as you get closer to retirement.

Yes, things can go wrong, but things can go very right too.

And yeah, if you can't afford to save anything then the subject of investing is moot.

[kilésengati]

โพสต์ดั้งเดิมโดย DRUNK_CANADIAN:

โพสต์ดั้งเดิมโดย Rumple Stiltskin:

As a person with enough money to flex but not enough money to do anything useful, i feel really acomplished every time i get out of my Uber comfort/select ride


What's your poor man idea of what a rich man does?

Wears nice clothes.... most rich people dress moderate/basic at best..... the clothing items do cost a lot but the style is almost non-existent most of the time unless they are media personalities.

The difference between their t-shirt and average Joe's is not only the price, but also quality. Even if you "just" spend twenty euro on a tee instead of five, the quality improves immensely. I came to the conclusion, as long as it isn't a fashion product where you pay for the brand/designer, it is always worth spending a bit more as it will outlast the cheap crap by a long mile, making it cheaper in the end.
I once bought a pajama on clearing sale once that would have cost almost a hundred euro at MSRP, and holy moly, the difference in quality is not worlds, but universes.

You buy cheap, you buy twice - or more than thrice for that matter.

[kbiz]

โพสต์ดั้งเดิมโดย DRUNK_CANADIAN:

Wears nice clothes.... most rich people dress moderate/basic at best..... the clothing items do cost a lot but the style is almost non-existent most of the time unless they are media personalities.

Yes, understated.

People buy things they don't need, with money they don't have, to impress people they don't like. -Hamilton

[kilésengati]

โพสต์ดั้งเดิมโดย kbiz:

You should take a course on investments.

About that: https://i.redd.it/yhp6l7f1lyj51.jpg

Also I live in Germany. No way to easily get around being taxed to death for the average citizen here.

โพสต์ดั้งเดิมโดย Huh?:

โพสต์ดั้งเดิมโดย kilésengati:

Not financial advice, duh!

Even reaching middle class living standard by 65 only by living frugal and working hard is a dream of many that will no longer become reality, thanks to corpos and their bankster politicians. They don't want people to live such lives but rather to depend on welfare and consoom.
Save x-percent of your income to get rich isn't going to work with inflation like this and wages not catching-up on inflation for decades now - that's like burning money. It isn't a bad idea to have buffer, but it shouldn't be regarded as a way of earning money or saving for an investment because inflation will outpace you. Unfortunately, it's typical Dave Ramsey boomer advice. Problem with ETFs and trading in general is that you shouldn't do it if you can't afford to loose the money - many can't.

Look dude, all I gotta say is that you need to stop blaming corpos, governments, the elites, all of them -- and this goes for everyone here. Because the blame falls on you, you're living in capitalism, not in communism or dictatorship, you're free to make something out of yourself. And just because they're trying to keep you their little wage slave, doesn't make them evil. They're in fact nice and I appreciate that they've given us the option to get the ♥♥♥♥ out of that race race hell.

So the choice is there, figuring out how to get out is on you, and if you fail, then what can I say, it's your fault.

Yes, it is up to everyone to make the best out of the situation, even if the odds are stacked against you.

Our country is literally run by a bankster, eco-fascists and spineless turn-coats wrecking the country. And the biggest opposition party is not cuckholded by cancel culture and equally corrupt, but contributed to the mess through the previous government, too. Why do you think people are protesting them?
People that are trying to catch people in wagey cageys are evil, full stop. Your corporate and government simping is next level.

[kbiz]

That's a funny jpg. Remember, I'm only offering the truth. It's probably one of the most valuable things you can do. Well, besides growing a sweet jpg collection

It's all good. I was directly asked to elaborate. So I did.

We get taxed quite a bit in the United States too.

[𝕎𝔸𝕃𝕋𝔼ℝ]

โพสต์ดั้งเดิมโดย L1qu1dator:

โพสต์ดั้งเดิมโดย 𝕎𝔸𝕃𝕋𝔼ℝ:

Get a car lol

You've got to be rich to own any car nowadays, with these gas prices.

What an exaggeration. I guess like 3/4 of this planet is rich then.

[kilésengati]

โพสต์ดั้งเดิมโดย kbiz:

That's a funny jpg. Remember, I'm only offering the truth. It's probably one of the most valuable things you can do. Well, besides growing a sweet jpg collection

It's all good. I was directly asked to elaborate. So I did.

We get taxed quite a bit in the United States too.

Over there, you have really nice tools even for average citizens to minimise taxes though, even being able to carry tax deductions over to the next couple fiscal years.
We don't. And in the few cases where we can deduct from taxes, there are very strict limitations.
Our volkswirtschaftliche Einkommensbelastungsquote, effectively how much of their income a tax payer looses on average to taxes, sits at over 50 %.