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not rich, just living high

July 14th, 2009 at 03:07 am

Saving log - $3 tip box
Spending log - $0

And I even found .03 on my commute home. One more day and its payday.

The Sunday before it so Seattle-y hot that I didn't even jog the 3 mi. Yesterday it was considerably cooler, even sprinkled at times. I jogged the 3 mi in 47 min 50 sec. My goal was to finish, but since my heart rate didn't go much above 135 bpm, next week my goal is to get my heart rate to the 140s and see how fast that is.

Found this article in Newsweek tonight and it made me laugh in places. My several points:
1. You are not rich, no matter how much you earn, if you don't save anything. You are only living high.

2. The real rich don't buy that much stuff. Oh for sure, some in the later generations do as they convert from being rich to "living high", but when I was in college there was that really, really rich college kid living like a church mouse because that's what dad and grand-dad did. Anyway, the real rich buy money (stocks, bonds, companies) rather than stuff. That's investing in a nutshell.

3. Ahem. This article could have been written in 1920, 1923, 1929 (of course), 1937, 1948, 1953, 1957, 1973, 1981, 1990 ... you get the idea - any other recession.

4. I would make the case that to the "living high" set this recession/depression is different. To the real rich, who were careful on the way up, are probably equally careful on the way down.

1 Responses to “not rich, just living high”

  1. frugaltexan75 Says:

    It kind of goes along with the saying - It's not how much you earn, it's how much you keep (and give away, I'd like to add) that matters in the end. Smile

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