What Class are You?

[dazzleman]

I voted "Other" because "Baller" wasn't an option.



Actually, I didn't vote at all.

Baller?  Does that mean you roll around on your balls?  That must be pretty painful, man....

[Lazerous]

Baller?  Does that mean you roll around on your balls?  That must be pretty painful, man....

http://www.youtube.com/watch?v=SkIryQ6Paqg

[dazzleman]

http://www.youtube.com/watch?v=SkIryQ6Paqg

That's pretty disgusting.

[saxonyron]

That's pretty disgusting.

Oh...my......God!  I just had to wash my eyes out with rubbing alcohol after watching that.  Imagine the size of the cup he has to wear when playing baseball!   

[the Teuton]

That takes some testicular fortitude if I've ever there was an instance.

[GoCougs]

I pretty much do the same thing.  I have a goal of how much I want to save, and I usually exceed it.  So I don't worry too much if I'm 'wasting' some money to live well within that context, though it does raise some questions about whether my savings goal is high enough.  I believe that it is, since it is a pretty substantial percentage of my income.

My next goal, which will actually be more difficult, is to improve the longer-term return that I am getting on my various investments.  I want to get my money working harder for me, rather than the other way around.  To me, that's the true definition of rich -- that your money works for you, rather than you working for your money.

What I found works for me is that I automatically put 10% of my after-tax earnings from whatever source into a slush fund. The purpose of this fund is to spend freely on whatever. It works great, and prevents me from living too cheap (which I'm naturally drawn to) and from feeling guilty about spending too much.

As to putting money to work - I haven't cracked the "income" code, either. Up until recently, by the time you had sufficient equity to actually turn a monthly profit from renting a home or multi-family property, the COCR was better with a C/D and you had zero risk from bad renters or a bad market. I've decided that if it's relatively easy, the cream is gone, and the best you can expect is about to keep pace with inflation. So the trick I've found is to do stuff that isn't easy, or that at least isn't done all that often; hard money loans, unique real estate development, etc. But these are also a lot riskier, and take a lot more time and due diligence.

[sportyaccordy]

Lower class, but not low enough to have my life subsidized