To a certain extent, but there's a lot of lifestyle inflation at play in those situations, too. Feeling entitled to sending kids to private schools, etc.
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I was a fac brat in a prep school, and I distinctly remember a certain classmate claiming to be middle class by referencing the cost of yacht sails as a burden. His sister threw a tantrum when the family got a A4 rather than an A8, b/c "that's what poor ppl drive".
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Replying to @MattCropp @MorlockP
I mean full context I earn more than 200k in Seattle its comfortable but not, you know, /comfortable/ I don't own a car, I have no idea how I'll ever afford a down payment on a house here Possibly I oversave idk But I surely dont feel RICH
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At $200k you're not rich, because we see what rich people are like on the TV every day. We all compare ourselves to the top 0.1%. Maybe you even know some of them. I do. I envy them. I can't help it. I wish I was rich too. But at $200k you're making out like a goddamn BANDIT.
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Savings tho. I save half my income. Which, yes, glorious to be lucky to able to, and that's all future consumption, and, yes, top 2 or 3 or whatever % by income. But also: 1 shared used car, no cellphones, no vacations, etc.
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not even gonna get into your personal consumption patterns it'd be like discussing earth weather with a martian
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Replying to @random_eddie @MorlockP and
But yeah, when talking about "rich" you have to factor in income. To live a rich lifestyle you have to have a rich income or a super-rich bank account If you can live a comfortable lifestyle without working, you're rich, no matter what that lifestyle entails.
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Replying to @random_eddie @MorlockP and
What "comfortable" means depends on what you've gotten used to. You can get used to anything. You can get used to living like a college student if you do it for a decade. You can get used to living like a king if you do it for a few years.
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Replying to @random_eddie @MorlockP and
Thus: save like crazy, and quit working as soon as you have enough wealth to live your current lifestyle on the investment income. Anyone who keeps working past this point is an idiot, a masochist, or a striver. Most people are strivers, and yet also don't save enough.
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Replying to @random_eddie @MorlockP and
I would call this less the point where you can stop working, more the point where you start looking for work you'd do for its own sake anyway if you just stop doing productive things you go insane
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eigenrobot Retweeted bosco
counterpoint or is ithttps://twitter.com/selentelechia/status/1160023336543408128?s=19 …
eigenrobot added,
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Replying to @eigenrobot @ded_ruckus and
Masto: MattCropp@social.coop 🌲 🌲 Retweeted Masto: MattCropp@social.coop 🌲 🌲
Masto: MattCropp@social.coop 🌲 🌲 added,
0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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