Neither rich nor poor, but in THE MIDDLE. Grateful for what I have attained & have. There ARE ALWAYS opportunities for those to improve their socioeconomic status no matter where they ARE. The socioeconomic wheels are always dynamic. Rich CAN become poor & poor CAN become rich- it is all about MINDSET, SMARTS, &........ATTITUDE.
Exemplary example of poor...........to RICH, no MEGA-RICH. Never give up hope. DON'T LET your present socioeconomic status DETERMINE you. YOU determine where YOU are GOING socioeconomically!
Monetary wise? Probably somewhere in between. We don't have alot of extra money--we put alot into savings and college funds. But we have enough to live a decent lifestyle. There are many days I could use a bigger house and a bigger car, but that's when I remind myself that at least I have a roof over my head and a truck that runs well. Giving up a full time income took a toll on how we live, but it's worth it for me to be home with my kids. Because with them, I'm a pretty rich girl!
aww, you beat me to it. I have no money. I mean, honest to God, I have 6 dollars in the bank. But my kids are healthy, I have both my hands, and man who loves me. The bills are paid, and I have a roof over my head. Rich and poor, such realtive things....
Well, you'd get more rich than poor, I'd think. At some point, my family would like to be able to really enjoy everything we've worked so hard for. Saving up enough to be able to take off and do that gives my husband added incentive to get up and go to work every morning. He has something to look forward to instead of feeling like he's just working to pay a bill and survive another day. JMO.
I know we are supposed to be saving more, but I don't know that it makes a lot of sense right now. I would put money in stuff. Money is going to worthless soon, or nearly worthless. A pile of it won't help you. You can't eat it. It doesn't burn very well or generate much heat in winter.
I love that story...I remember reading it last year in an economics course. It is very possible to save a million dollars. Easier if you are younger, but still possible even in your 40's.
Do a search for "how to save a million dollars". There are lots of plausible plans for every age.
I am only 22 and have been living off my savings the last 7 months. I had a lot saved up, but I needed to 'live'. It was something I needed to do, I needed a break from working and I wanted to finally get to travel for leisure. I'm taking out loans to go back to school full-time this fall. Some may think that's dumb after I had enough saved for a few years of college, but I don't mind what happened. It was a good learning lesson. After I pay off my loans, I'll be in good shape to start saving for retirement. I think it ultimately depends on if you want to live in the now or save for later. Right now, I've been living life to the fullest, but realize that I need to start saving!
I personally could not live as frugally as the millionaire making $11 per hour...my little sister, now. Yes. And she does...and she has quite a bit saved up.
But I would have gone crazy without the education I have (which cost me plenty...and is the main reason I don't have a Phd or terminal art degree), or without any travel, or just certain things I find interesting--mainly cultural--that make me feel like I'm living.
My approach, since I do have some debt built up, is investments. I feel like it is the only way to actually make some real $$. Even if you have a good job, 401ks are not all that--I feel like the way things are set up, you have to take responsibility for your own money. I feel one can never get wealthy doing what other people tell you to do and running the general pattern of college, job, marriage, big mortgage, retirement.
Hey Laughing Mom, Thanks. You are definitely correct. Since I Lost my fulltime daytime job due to the company going bankrupt, I had to take the first job I found. Which is working 4.30pm - 2.30am, my family arrive home at 6pm, Ive gone to work by this time and when I arrive home they are in bed. When I get up they have gone. Feel so dam lonely. No decent job vacancies makes it even harder. Thank God for hubpages, think I would have topped myself by now, NOT All this is down to the recession.
Why would it matter if someone is rich or poor, people are people are they not? We should not measure ourselves for what we have, but we should measure ourselves for what we do and how we handle ourselves, you see I am wealthy because I have family and friends who surround me.
Happiness is important and what makes you truly happy. If money and material possessions make you really happy/fulfilled then fine. Most people though will tend to say that money is not important and that friendship, love etc makes them happy. Rich/Poor is irrelevant.
Being a good saver, may not make you rich, but it would certainly help out in hard times.... I have never been a saver, but when I get back into the work force, I will put a little away instead of spending it all.......
I am so angry with Bank Of America They loved me when I handed them $4,000 foreign currency, and now when I ask for a basic credit card ,they want me to establish a longer banking history! Too bad I didnt ask them to provide one for me 5mths ago, grrrrr
To tell you the truth Im sick of banks ,just wish our money system was all different.
yeah. my husband works for a landscaping company, and they do the lawn for a local bank, and the manager there actually said.."we have so much money, we dont know what to do with it."..he was concerned about taxes...and my bank just changed its rules..if I have lees then 100 dollars in checking any day, I will be charged a 35 dollar service fee...
I am a rich rich as far as having a wonderful loving family, good health, and beautiful lifestyle surrounded by nature. I am poor in monetary terms having enough to cover bills and keep a roof over my head, but little extra. Even when I had a high paying job we weren't really any happier. Money doesn't buy happiness it just makes life a little easier. The more money people make, the more they often stress about losing it.
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There has been a lot of discussion about class warfare, and the wealthy not paying "their fair share",so my question for you, my esteemed fellow Hubbers is this:Assuming that they are complying with all...