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Old 10-17-2006, 10:18 PM
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brian brian is offline
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Default When do you have enough wealth?

Here's a lovely article from Success from the Nest - When will you be weathy?

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As we work to build our little home based ventures, or to get one off the ground, we imagine a time when we have more coming in than we need. It’s always some vague vision of wealth, a future point in time when our bank account has grown along with our business. It’s important to take the time to really think about and understand our own personal definition of wealth. And there’s no better time then now. Because, how will you know when you’ve arrived, if you don’t know where you’re going?
It's actually a pretty good point because I've seen my own parents go from debt-trodden to winning the pools, getting a great house - then divorcing, and my dad ending up living in a one-bedroom flat.

He always wanted more - always had to have something bigger and better.

It's a lesson I take quite on board, but I'm not sure where my own vision of financial success is.

I guess a point to bear in mind is to take it in stages. At present, my big financial goal is to pay off the mortgage more quickly.

I figure I could sell my business to do it, but that would kill my income.

So at present, take everything in stages - and maybe one day have enough to buy that big Victorian mansion.

After that...who knows?
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Old 10-18-2006, 02:19 PM
katharina katharina is offline
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Default Re: When do you have enough wealth?

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Originally Posted by brian View Post
Here's a lovely article from Success from the Nest -
I enjoyed that article, thanks Brian. It certainly made me think and I came to a realization that will be my answer. Simply, it'll never happen. I'll never feel that it will be enough. Now that's not greed, that's my habit of living with "what if's." What if I can't work when I'm older? What if I can't find a job and my home is in danger of being taken? What if another great depression happens?

All these things are what force me to keep overworking myself and rarely take a break. "What if I use up everything I have saved twenty years from now and there's nothing left?" It just goes on and on. Thanks for making me realize that. I will never feel wealthy because the "what if's" take over.
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Old 11-03-2006, 07:34 PM
bangfor bangfor is offline
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Default Re: When do you have enough wealth?

The sky has to be the limit, because unless one reaches a point where managing the accumulated wealth with all the available help is not possible, then that will be it, but unless there is such a handicap and the sources don't dry up, there is always use for wealth, while at the same time wealth brings to the fore many interesting things.
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Old 11-21-2006, 03:08 PM
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sweet_mayhem sweet_mayhem is offline
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Default Re: When do you have enough wealth?

right now, my goal is to save at least 20% of my income and still have enough to contribute to my loved ones here at home. but my remote goal is to have passive income which can allow me to leave even for a year so i can travel yet still have money flowing to my bank account.
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Old 11-27-2006, 12:42 PM
aima123 aima123 is offline
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Default Re: When do you have enough wealth?

Well, setting aside 10% in my income may lead me to have wealth for the future, though it takes many years to have it plenty and enough.

Last edited by aima123; 11-27-2006 at 12:44 PM.
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Old 11-28-2006, 08:58 AM
burfi burfi is offline
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Default Re: When do you have enough wealth?

Great article, it is very important to understand that hard work is neccessary. And there is this iota of luck with ensures that you get to taste success.
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Old 11-29-2006, 01:37 AM
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kelkat kelkat is offline
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Default Re: When do you have enough wealth?

There will never be enough if you can be happy with what you have. The gotta have more attitude happens in paupers and millionaires alike.
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Old 12-23-2006, 01:59 AM
riskey58 riskey58 is offline
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Default Re: When do you have enough wealth?

I truely believe that know one feels that they have enough wealth. I think the more you have the more you want. People set thier goals and once they reach them they are not satisfied and set them higher.
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Old 12-23-2006, 08:40 PM
asinakaraz asinakaraz is offline
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Post Meine aktuellee

Hello
Der Fehler muss also irgenwo in der Win-Registrierung liegen.
Hat jemand ne Idee wo ich suchen muss ?
G'night
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Old 12-23-2006, 10:35 PM
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taiarain taiarain is offline
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Default Re: When do you have enough wealth?

My primary goal is the elimination of my non-mortgage debt, followed by reducing my mortgage and providing my kids a decent chunk for college.

I'm trying to focus on these things first and avoid using money earned from my business for "extras." You know, new furniture or a vacation, etc. If I can keep perspective, I believe we'll do well.
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