Given a choice, would you rather be rich and stressed about money or Average and Easy Money??
What is your preference: Rich & Stressed or Average & Easy Money?
- Thread starter marketsurfer
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Why not rich and easy money? That is theoretically possible too? Your questions are manipulative and simplistic.
And when are you rich? Amount?
You should first try not to be stressed and then take the max you can take. For some it means they will be average and for others it means they will be rich. And there will even be some (or maybe even the majority) who will stay poor, so that they end up stressed.
It is never black or white. There are thousands of grey shades between the two extremes. At least if you are not thinking in a simplistic way.
Why would average mean less stress? Why would rich mean more stress? There is no correlation between stress and money. Stress comes from being out of control, not from becoming rich or poor.
And when are you rich? Amount?
You should first try not to be stressed and then take the max you can take. For some it means they will be average and for others it means they will be rich. And there will even be some (or maybe even the majority) who will stay poor, so that they end up stressed.
It is never black or white. There are thousands of grey shades between the two extremes. At least if you are not thinking in a simplistic way.
Why would average mean less stress? Why would rich mean more stress? There is no correlation between stress and money. Stress comes from being out of control, not from becoming rich or poor.
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Because for most people, outside of trust fund kids, being rich without money stress is impossible. it can happen but its not common for working folks--
Sure, but that's not the question nor the reason for the question. I strongly believe anyone can be wealthy, but there is a corresponding (usually for regular people) level of stress that goes along with that.
Here are my definitions:
level 1 Rich/wealthy to me is creating a minimum of a million USDper year on a consistent basis--- Average is middle class of $80 to $250k per year.
I already have the choice, it does not need to be given.
Average is easy. Rich is easy.
Money is money. Nothing more.
Money != stress.
Surf, there is plenty of economic research on this and Daniel Kahneman won a Nobel Prize in Economics for his work in this area. Google "Prospect Theory".
hmmmm, you are very different than the average average rich person. why do you think this is? Are you a trust fundee or similar?
surf
Not at all. Self-made. Its easy to average. It's easy to be rich. The journeys to either of those destinations, as defined and determined by the person taking the journey may be stressful, but that was not your question. Money is money, nothing more. Obama also "won" a Nobel prize.
I don't follow your logic and believe reality is far different than what you are claiming- but its ok, everyone is different. thanks! surf
honest answer for me would be "average and easy money"
i have kids in private schools, colleges next yr..all will be paid...wife who overspends..so all the short vol trades although earning large sums...i send it right out ..so i look fwd to the day i can live simpler..plotting it as we speak!
i have kids in private schools, colleges next yr..all will be paid...wife who overspends..so all the short vol trades although earning large sums...i send it right out ..so i look fwd to the day i can live simpler..plotting it as we speak!