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Hate the Rich/Successful Folks - Printable Version +- Dividend Growth Forum (http://DividendGrowthForum.com) +-- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=15) +--- Forum: The Economy (http://DividendGrowthForum.com/forumdisplay.php?fid=19) +--- Thread: Hate the Rich/Successful Folks (/showthread.php?tid=1501) Pages:
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RE: Hate the Rich/Successful Folks - kayboy - 04-08-2016 (04-06-2016, 11:08 PM)mikesdca Wrote: Hi, I haven't posted much, but I cannot process what seems to be a very strong sentiment against the wealthy or successful class in the US. I am 51 --so use that for reference.A bit of gratitude might help with the frustration. RE: Hate the Rich/Successful Folks - rayray - 04-10-2016 (04-08-2016, 07:50 AM)Kerim Wrote: During my first few years out of law school, I was making good money, and saving a lot because I had few expenses (though I was paying rent!). And back then you could get 6 percent interest on a savings account! I was doing projections showing me completely financially independent by 45. (And that was before I even discovered DGI.) Then I got married. And bought a house. And had a kid. And then my kid got sick. Now I'm 46 and although I still save and invest, I wonder if I'll ever be able to retire. I applaud anyone who is considering and planning their financial future from a young age, but at 27, you have no f***ing idea what life has in store for you. Kerim, you and I are basically the same age and let's be honest with ourselves, we still don't have an idea what life has in store for us, lol. In 20 years we're going to look back when we were 45/46 and think my gawd, "What the freak was that all about?" Or any other many different things we can ponder about in a couple of decades. I think this is an interesting topic; however, I just don't have the time to respond at the moment. RE: Hate the Rich/Successful Folks - rayray - 04-18-2016 This is a hot topic right now, especially with the Bernie Sanders political ads on the boob-tube the last few days. There is no denying the fact that CEO's salaries have dramatically increased the last 3 to 3 1/2 decades compared to the average employee. When one looks at Lee Iacocca's salary, it's peanuts in comparison. Do today's CEO's deserve this exuberant pay? With the never ending golden parachutes to some of these very unsuccessful CEO's, a simple answer IMHO is NO. I have no problem with a Steve Jobs, Warren Buffet, Bill Gates or any of these founders of many great companies being worth billions. My issue is if a CEO fails at his job does he deserve a pay package at the expense of other employees and shareholders? And these stock options not hurting or count towards the bottom line? Really? Okay, whatever. Having said this, I'm also a believer that you can give some people millions and they'd still end up broke no matter what--there is a reason why some people can create wealth for themselves and others cannot, even through good old fashion luck. It just doesn't give anyone the right to lie, cheat and steal on any level and that includes those participating within the welfare system. RE: Hate the Rich/Successful Folks - NilesMike - 01-13-2018 (04-08-2016, 07:50 AM)Kerim Wrote: During my first few years out of law school, I was making good money, and saving a lot because I had few expenses (though I was paying rent!). And back then you could get 6 percent interest on a savings account! I was doing projections showing me completely financially independent by 45. (And that was before I even discovered DGI.) Then I got married. And bought a house. And had a kid. And then my kid got sick. Now I'm 46 and although I still save and invest, I wonder if I'll ever be able to retire. I applaud anyone who is considering and planning their financial future from a young age, but at 27, you have no f***ing idea what life has in store for you. Where would you be now if you hadn't formed that plan early on? I lot further away from your goals I suspect. Re: class envy People always want what the other guy has, very few will work for it. Not that they don't work hard, they don't work smart. A robot will outwork any hard worker. |