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Is Wealth a top priority?
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Mac Elite
Join Date: Feb 2006
Location: Manhattan, NY
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Interesting story I found on CNN, it basically states that today's youth and young adults are more focused on wealth as a primary goal in life. Is this true? When I think of some friends I wonder. I know one dude who only talks about the fact he is getting paid too little. He already makes six-figures but wants more. It's like his whole self-esteem is linked to it. Of course, that's one guy.
I thought I would see what your own goals and thoughts were.
Polls: Wealth is a top priority for today's youth - CNN.com
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Professional Poster
Join Date: Dec 2003
Location: Los Angeles of the East
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its allll bout that paper son...
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NOW YOU SEE ME! 2.4 MBP and 2.0 MBP (running ubuntu)
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Moderator
Join Date: Feb 2006
Location: on the verge of insanity
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I make roughly 30k and figure if I make 60 - 75k, I'd be content. With more money comes more headaches and more bills. The above mentioned would be enough for me to live comfortably yet still not be "rich". Though I probably still couldn't afford to buy a house on it.
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I like my water with hops, malt, hops, yeast, and hops.
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Clinically Insane
Join Date: Oct 2001
Location: San Diego, CA, USA
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Money is the power to get what you want in the world. Thus, if you want things, it seems logical that you want money. Thus, unless we are a society of Buddhas or severely depressed people, that seems about like what I'd expect.
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Chuck
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"Instead of either 'multi-talented' or 'multitalented' use 'bisexual'."
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Moderator
Join Date: Jun 2000
Location: inside 128, north of 90
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I find as I progress through life, my standard of living increases proportionally to my income. So I've never really felt as rich as I thought I would at my income level. There are still bills, debts, risks. I don't think I'd ever get really rich enough in my profession where that wasn't a worry, save via the lottery.
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Moderator
Join Date: Feb 2006
Location: on the verge of insanity
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Ah, the lottery. Also known as the Redneck Pension Plan.
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I like my water with hops, malt, hops, yeast, and hops.
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Mac Elite
Join Date: Feb 2006
Location: Manhattan, NY
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Originally Posted by Rumor
Ah, the lottery. Also known as the Redneck Pension Plan.
That reminds me, I forgot to buy a mega millions ticket.
Seriously, I think there is a difference between materialism and being concerned about income though the article links them. You could want to be "rich" in order to buy a 2 bedroom house for your family in a modest neighborhood in San Diego. I'm just guessing, but it might take two six figure incomes to pull that one off these days.
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Registered User
Join Date: Mar 2000
Location: Garden of Paradise Motel, Suite 3D
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Originally Posted by Zeeb
today's youth and young adults are more focused on wealth as a primary goal in life.
I don't think so, not that I've seen at least, but it would make sense. The next 30 years are going to be very shaky (as the boomers start to retire, or not) and it makes sense to set oneself up to deal with that ASAP.
Realistically, it's not about wealth, it's about dealing with uncertainty. We work more toward financial goals to be able to provide better for an uncertain future. Given the politics of Social Security and health care, that makes tons of sense.
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Mac Elite
Join Date: Jun 2006
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While I'm in the minority - something that I'm used too, my desire in life is not to accumulate stuff or wealth. There are more important aspects to life then to increase one's bank account.
I remember an old co-worker once said this to me. "Nobody on their death bed ever wished they'd spent more time in the office." People now work crazy ours in the attempt to get promotions and make more money.
My priorities in life are: My faith, my family, my friends and then my career - in that order.
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Michael
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Addicted to MacNN
Join Date: Apr 2005
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Yes wealth is a priority of mine, I admit it. I am trying to ween myself off of this desire.
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Mac Elite
Join Date: Sep 2000
Location: Boynton Beach, Florida, USA
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I'm currently back in college studying to be an elementary school teacher, so wealth is not a priority for me.....
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2.7Ghz 15" Mid 2012 MBP 16GB RAM 7.2k 750GB HD anti-glare display|64GB iPad4 ATT LTE|
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Forum Regular
Join Date: Aug 1999
Location: The Capital of Silicon Valley
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There's nothing inherently wrong about wanting wealth and material possessions. It's that people expect these things to bring them happiness.
And that's where today's youth is going wrong. They're chasing money and things in a search for self-definition and fulfillment, without realizing happiness cannot be bought.
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Junior Member
Join Date: Sep 2006
Location: East Tennessee
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Wealth isn't really a priority for me. I would just like to be comfortable, and that doesn't require actually being rich. It would be nice to not have to worry about gas money, etc., much less car repairs and other such bills that spring up unexpectedly.
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Administrator
Join Date: Apr 2001
Location: San Antonio TX USA
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Wealth is NOT a priority for me. Being able to afford to do what I am trained and qualified to do IS, though. In other words, while I'm getting my current education to help people, I won't be able to do that if I can't afford a roof over my head and food on the table. No matter how charitable I am, those basic needs are still there. So it comes down to defining "wealth." To someone living on the street, I may appear wealthy, but I am most assuredly NOT.
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Glenn -----OTR/L, MOT, Tx
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Professional Poster
Join Date: Dec 2000
Location: Chicago, Illinois
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I'll trade money for love.
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Professional Poster
Join Date: Dec 2000
Location: Chicago, Illinois
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Yes, I know that's only legal in Nevada.
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Baninated
Join Date: Dec 2006
Status:
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Me? No. I don't need much money to live comfortably. I don't want the newest everything, a huge SUV, a ridiculous boat, bla bla bla. I want a job that I enjoy, and that's creative, with decent pay so I can live decently.
Some of my friends? They abandoned creativity and got business degrees in boring ass ****, and it seems like their soul purpose of the entire thing was to make money. I'm sure in 20-30 years they'll probably realize their mistake, until then, I just feel sorry for htem.
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Clinically Insane
Join Date: Jun 2001
Location: planning a comeback !
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Right now, I just want enough to pay my bills and debt off. Don't need a house or big stuff.
Yes, money is nice, but the problem is: it will never be enough, so you better start living being content with what you have at the moment.
-t
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Posting Junkie
Join Date: Mar 2005
Location: Louisiana
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I don't make a lot of money, and given my career choice, I don't plan on ever being rich. It would certainly be nice to have money (and the wife is likely going to get a good job as soon as college is finished), but I don't guess I'm an overly materialistic guy. I don't care about getting a beautiful car. I'll drive my 2003 Element as long as it will last. I am content in my nice, but small house. I don't demand a lot. I do, however, have two glaring weaknesses: Apple products and gaming.
I don't think I need to be rich. I just want to be completely out of debt (including student loans) by the time I'm 27 (three more years). I think that's a realistic goal.
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Professional Poster
Join Date: Aug 2001
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Originally Posted by ghporter
Wealth is NOT a priority for me. Being able to afford to do what I am trained and qualified to do IS, though. In other words, while I'm getting my current education to help people, I won't be able to do that if I can't afford a roof over my head and food on the table. No matter how charitable I am, those basic needs are still there. So it comes down to defining "wealth." To someone living on the street, I may appear wealthy, but I am most assuredly NOT.
Well stated.
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"It's weird the way 'finger puppets' sounds ok as a noun..."
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Registered User
Join Date: Mar 2000
Location: Garden of Paradise Motel, Suite 3D
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Originally Posted by davidflas
I'm currently back in college studying to be an elementary school teacher, so wealth is not a priority for me.....
Good thing, too.
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Banned
Join Date: Jun 2005
Location: Indy.
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Originally Posted by Jawbone54
I don't think I need to be rich. I just want to be completely out of debt (including student loans) by the time I'm 27 (three more years). I think that's a realistic goal.
Entirely possible. It's amazing what you can do when you're debt free.
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Clinically Insane
Join Date: Jul 2005
Location: Vacation.
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Maintenance of wealth is in the top five, but it's not at the top of the list.
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Clinically Insane
Join Date: Oct 2001
Location: San Diego, CA, USA
Status:
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Originally Posted by Railroader
Entirely possible. It's amazing what you can do when you're debt free.
Go to school and earn a lot of debt really quickly?
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Chuck
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"Instead of either 'multi-talented' or 'multitalented' use 'bisexual'."
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Banned
Join Date: Jun 2005
Location: Indy.
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Originally Posted by Chuckit
Go to school and earn a lot of debt really quickly?
Why would anyone do that. Pay cash like I am!
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Banned
Join Date: Jun 2005
Location: Indy.
Status:
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Originally Posted by Doofy
Maintenance of wealth is in the top five, but it's not at the top of the list.
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Clinically Insane
Join Date: Oct 2001
Location: San Diego, CA, USA
Status:
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Originally Posted by Railroader
Why would anyone do that. Pay cash like I am!
Because I have X amount of cash and school costs roughly X+25000?
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Chuck
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"Instead of either 'multi-talented' or 'multitalented' use 'bisexual'."
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Banned
Join Date: Jun 2005
Location: Indy.
Status:
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Originally Posted by Chuckit
Because I have X amount of cash and school costs roughly X+25000?
Ok.
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Banned
Join Date: Jun 2005
Location: Indy.
Status:
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Hilarious! I am getting a refinance-your-mortgage/get-out-of-debt banner ad at the top of this page right now!
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Mac Elite
Join Date: Oct 2001
Location: in a weapons producing nation under Jesus
Status:
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true wealth is having both time AND money. I am working on wealth to give me both.
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Banned
Join Date: Jun 2005
Location: Indy.
Status:
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Originally Posted by SeSawaya
true wealth is having both time AND money. I am working on wealth to give me both.
I'll help you a little bit, you'll never have enough wealth. Time is much more valuable.
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Mac Elite
Join Date: Oct 2001
Location: in a weapons producing nation under Jesus
Status:
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Originally Posted by Railroader
I'll help you a little bit, you'll never have enough wealth. Time is much more valuable.
of course, but not the point. When you have wealth, true wealth, you are free to do anything. Money becomes irrelvant cause you have what you need if you also learn how to live responibly in your means. Education in wealth building is not something ANY college teaches (or the professors might be rich themselves I'd guess) but it's through mentoring (and lots of reading) with someone who lives the lifestyle you dream of, and building a "B" type business, something that gives you regenerative income without being there by leveraging your time.
The only thing that separates us 95% of the people who fight over 5% of the money and the 5% of the people who control 95% of the money is information.
For those of you in college, ask yourself 'what is the lifestyle I want to live, not what is the job I want'.
Define - learn- do. Define what you want, learn how to acheive it, do it.
We 95%ers do it backwards, Do (pick a job), learn how to do the job, and that defines our lifestyle.
pretty backwards.
(for the record, I like money, but I love free time)
ok, I'm out
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Clinically Insane
Join Date: Oct 2000
Location: Los Angeles
Status:
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I'm pretty focused on the monetary pursuit. I do think recent generations have become more fiscally minded. We're more consumer oriented than we were in the past (most of us want iPhones, HDTV cool cars, nice homes etc.) and consumerism is a costly trait. Like others, I try not to let my desire for money overpower my other, higher concerns in life.
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"The natural progress of things is for liberty to yield and government to gain ground." TJ
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Banned
Join Date: Jun 2005
Location: Indy.
Status:
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Originally Posted by Big Mac
I'm pretty focused on the monetary pursuit. I do think recent generations have become more fiscally minded. We're more consumer oriented than we were in the past (most of us want iPhones, HDTV cool cars, nice homes etc.) and consumerism is a costly trait. Like others, I try not to let my desire for money overpower my other, higher concerns in life.
There's no difference in "consumer oriented" between the generations.
You simply want things people from older generations don't. And they want... get ready for this... items far more expensive than your little iPhone and the cheap cars that kids today want. My dad had a brand new sports car when he was 17 back in 1964. You know many kids buying new cars for themselves when they are 17 today?
Kids.
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Professional Poster
Join Date: Mar 2003
Location: In the South
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Originally Posted by andi*pandi
I find as I progress through life, my standard of living increases proportionally to my income. So I've never really felt as rich as I thought I would at my income level. There are still bills, debts, risks. I don't think I'd ever get really rich enough in my profession where that wasn't a worry, save via the lottery.
I have always felt the same way. And if you are smart, when things get tough (as they are for us presently.... you can still get by.
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Professional Poster
Join Date: Jun 2006
Location: "Working"
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Originally Posted by Railroader
Ok.
In all reality, there are some of us that want to just take the 8 semesters of classes and get the fark out of college without having to save up $50,000 beforehand or taking semesters off to work so I don't have to go into debt. I'm working my butt off to make it out in 4 years so I don't have to do an extra semester.
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Professional Poster
Join Date: Mar 2003
Location: In the South
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Woah... I am in school now and with the right planning- it can be done w/o major debt.
Oh, and time...
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Posting Junkie
Join Date: Mar 2005
Location: Louisiana
Status:
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Time and money = Happiness? I thought time was money. A crazy cabbie told me that in NYC.
Anyways, I'm going to be able to manage graduating with only $8,000 worth of debt. It will probably be less, because I'm saving up during the semesters for the one ahead. No problem.
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Addicted to MacNN
Join Date: Sep 2000
Location: Across from the wallpaper store.
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It's really hard not to be concerned with accumulating wealth in this society.
I can tell you that my income has doubled in the last 6 years, and as my income has increased my happiness has not. In fact I can tell you that some very good memories have been made when we were flat broke and living in a crappy place with a really, REALLY crappy car.
That's not to say that I am particularly UNhappy now. Just not any happier than I was before. Sure, I don't have the money worries that I did before but money is neither the only, nor the most important concern in life.
I think it is important to differentiate between happiness and pleasure. We often confuse the two but money CAN buy one, and NOT the other.
Don't get me wrong, I DO care about money. It's just that I am concerned with being secure in maintaining what we have but not really with attaining more. I do put into my 401(k), not so that I can be wealthy someday but so that I hopefully won't have the WORRY of money when I am too old to work. I don't, however, work overtime and I definitely don't bother with the lottery. I have better things to do than to give my time to some company and I just don't need to be rich.
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Being in debt and celebrating a lower deficit is like being on a diet and celebrating the fact you gained two pounds this week instead of five.
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Banned
Join Date: Jun 2005
Location: Indy.
Status:
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Originally Posted by Gossamer
In all reality, there are some of us that want to just take the 8 semesters of classes and get the fark out of college without having to save up $50,000 beforehand or taking semesters off to work so I don't have to go into debt. I'm working my butt off to make it out in 4 years so I don't have to do an extra semester.
Why not work and go to school?
Justify your debt however you want. You'll still be owing someone money and in my mind that is a very bad thing. I'll admit that it is my opinion.
Some people have no problem owing people money. Mainstream thinking. Not me.
Some people like loaning people money and making money. Still not me.
Some people have patience and work hard for what they have accomplished without debt. Me.
You can stay in the mainstream, you seem comfortable there. I am on a different path than most people, I'll admit that.
And btw, a bachelor's in 4 years. Piece of cake.
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Banned
Join Date: Jun 2005
Location: Indy.
Status:
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Originally Posted by smacintush
It's really hard not to be concerned with accumulating wealth in this society.
No. It's. Not.
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Clinically Insane
Join Date: Oct 2001
Location: San Diego, CA, USA
Status:
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Originally Posted by Railroader
No. It's. Not.
Uh…says the guy who's apparently rich enough to pay for school without taking out any loans or taking time out to work full-time.
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Chuck
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"Instead of either 'multi-talented' or 'multitalented' use 'bisexual'."
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Professional Poster
Join Date: Jun 2006
Location: "Working"
Status:
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Originally Posted by Railroader
Why not work and go to school?
Justify your debt however you want. You'll still be owing someone money and in my mind that is a very bad thing. I'll admit that it is my opinion.
Some people have no problem owing people money. Mainstream thinking. Not me.
Some people like loaning people money and making money. Still not me.
Some people have patience and work hard for what they have accomplished without debt. Me.
You can stay in the mainstream, you seem comfortable there. I am on a different path than most people, I'll admit that.
And btw, a bachelor's in 4 years. Piece of cake.
I put in 20 hours a week making $8.50 an hour. I've managed to save a good amount and I actually got an extra scholarship this year, but when I have to pay rent, car repairs, insurance, gas, food, etc all out of pocket, it doesn't go very far. Sure I could give up every spare moment and get a night job sometime but I know it would wear me out and my grades would plummet.
Bachelors in four years? Of course it's easy, if you're doing business, psychology, economics, design, etc. Not mechanical engineering. The vast majority stay at least one extra semester, if not two.
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Addicted to MacNN
Join Date: Sep 2000
Location: Across from the wallpaper store.
Status:
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Originally Posted by Railroader
No. It's. Not.
Yes. It. Is.
You're just so much better than the rest of us that it's easy for you. Us normal people sometimes struggle with it.
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Being in debt and celebrating a lower deficit is like being on a diet and celebrating the fact you gained two pounds this week instead of five.
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Mac Elite
Join Date: Sep 2000
Status:
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As long as I have the money I need to live comfortably (not extravagantly), not owe any large sums of money, and realize my dreams I don't require wealth. I don't expect to have a luxury car, or a mansion. About the only thing I do expect top-of-the-line is my personal computer, a Mac of course.
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Mac Elite
Join Date: Mar 2003
Status:
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Originally Posted by Chuckit
Uh…says the guy who's apparently rich enough to pay for school without taking out any loans or taking time out to work full-time.
That's what I was thinking. If he can afford $50k in schooling (in less than four years apparently) without difficulty, he is not someone that most people can relate to.
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Junior Member
Join Date: Oct 2004
Status:
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Originally Posted by Railroader
No. It's. Not.
I agree. I have for a long time always valued time over money. The last raise I got I traded for more vacation time. My old boss tired to set a bonus plan for more sales and I told him I did not care about the extra money. Even when I was young I did not feel that money was a big motivator for me. Even when I did not have much money I lived well below my means and never really had any problems not having the money I needed.
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Professional Poster
Join Date: Jan 2001
Location: Australia
Status:
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Originally Posted by Railroader
Some people have no problem owing people money. Mainstream thinking. Not me.
Do you count a mortgage as debt?
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Mac Elite
Join Date: Apr 2003
Location: Hong Kong
Status:
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Health is more important than wealth.
As you can not enjoy your wealth without your health.
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Professional Poster
Join Date: Nov 2004
Location: Belgium
Status:
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Yeah wealth is pretty much a top priority for me. I just want to have enough so I can just forget about worrying about money. It sucks when you have to worry about money and have sleepless nights because you can't pay your bills. Money does make happy.
I don't need a castle or a Rolls Royce but I just want to be able to not worry a second about being able to pay the bills. And I want to be able to buy me and my family some extras we don't really need.
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iMac 20" C2D 2.16 | Acer Aspire One | Flickr
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