Pipswich wrote:Badmike wrote:Regrettably, our society values intelligence, not wisdom. Yet we wonder why our lives are train wrecks and our nation is headed in the wrong direction?Society values neither intelligence, nor wisdom. Society is filled primarily with people who simply rut and rant with a wish in one hand and their neighbors **** in the other.
Badmike wrote:Regrettably, our society values intelligence, not wisdom. Yet we wonder why our lives are train wrecks and our nation is headed in the wrong direction?
Pipswich wrote: ... of Jewish, Scottish or Russian dissent.go figure.
Pipswich wrote:Badmike wrote:Regrettably, our society values intelligence, not wisdom. Yet we wonder why our lives are train wrecks and our nation is headed in the wrong direction?Society values neither intelligence, nor wisdom. Society is filled primarily with people who simply rut and rant with a wish in one hand and their neighbors **** in the other.We can probably can not change societies trending toward oblivion, but we can define our families place in it as it declines. If you get a chance read... The Millionaire Next Door, The Millionaire Mind (and for pure entertainment Rich Dad, Poor Dad). My summary,Don't get hooked on alcohol or dope.Find a partner and stick with them.Don't move around too much.Don't spend too much.Know the difference between spending money and buying assets.Borrow prudently and only to purchase income generating assets.Focus on investments that minimize work.Live long... die wealthy.Oh, and oddly enough, apparently you are more likely to follow the patterns observed by these researchers if you are (in alphabetical order).... of Jewish, Scottish or Russian dissent.go figure.
Sea-to-sky-games wrote:Pipswich wrote:Society values neither intelligence, nor wisdom. Society is filled primarily with people who simply rut and rant with a wish in one hand and their neighbors **** in the other.My comment was not meant to be exhaustive, but merely to point out that we train kids to learn facts, not how to apply these facts in a prudent manner. Likewise, we often vote for politicians based on their presumed knowledge of policy. But never how wise they are in applying this knowledge.
Pipswich wrote:Society values neither intelligence, nor wisdom. Society is filled primarily with people who simply rut and rant with a wish in one hand and their neighbors **** in the other.
Sea-to-sky-games wrote:http://www.nationalreview.com/articles/ ... -r-lott-jr
red_bus wrote:Having lived in Scotland for a few years, I can tell you "Scottish dissent" is quite a colourful thing to see
Kingofpain89 wrote:gma Don't get hooked on alcohol or dope, but don't be so friggin' uptight that you don't drink or smoke pot once in a while; everything in moderation, including moderation.Find a partner and stick with them, but be damn sure you pick the right partner in the first place; don't get married just because it's expected; sow your wild oats before you do this, by all means, but then keep it in your pants outside of your own bedroom.Don't move around too much, but by all means don't pass up those once or twice in a lifetime opportunities when they come along; regret's a bitch.Don't spend too much, but don't be a tightwad.Know the difference between spending money and buying assets. (Can't argue with this one.Borrow prudently and only to purchase income generating assets. (Damn straight).Focus on investments that minimize work. I have no fucking clue what this means.Live long... die wealthy. No. Live only as long as you're healthy and happy, and die with enough to pass on a moderate amount to your children--they need to work some to develop character, and you sure as hell can't take it with you.
Kingofpain89 wrote:And on a different subject:http://usnews.msnbc.msn.com/_news/2012/ ... 00-millionThink of all the cool stuff you could buy at Gen Con with an extra 300+ million dollars in the bank. 8O
Pipswich wrote:I love this. I didn't intend to offer direct advice and I love your assessment. I was mainly summarizing what I remember of The Millionaire Next Door and The Millionaire Mind.
Pipswich wrote:FYI, the millionaire next door does not work for someone elses stock portfolios. They typically own and operate 3-5 income generating small businesses and their primary assets. Also, since most of their wealth is in real assets and business property, it automatically adjusts to inflation in real terms... which stock portfolios seldom manage to accomplish.
MetamorphosisSigma wrote:don't be so friggin' uptight that you don't drink or smoke pot once in a while