Quote from: TDoS on May 16, 2025, 03:27 PMTodays working man, as K-Dog has demonstrated, can certainly find themselves in a higher level of net worth, depending on the time and dollars they had to invest and save. Although he has also mentioned preferring low but safer return investments.
Quote from: RE on May 16, 2025, 03:18 AMThis gets us back to the question of whether having a 7 figure net worth makes you rich in today's wotld.
Quote from: RENow, not being in the class of the filthy rich doesn't mean you're poor or even middle class. That's more an income driven thing than a net worth thing. These days to qualify for the 1% on Income, it's around $220K/yr I think.
Quote from: REKdog definitely does not get near that number.Of course not. It sounds like for someone with a high net worth, he is cash poor, with his stories of employment and being unhappy with the cost of his coffee and danish compared to his wages. Although, $20G's for a new heat pump? So he can be environmentally friendly? Seems like a bit of disconnect between those two.
Quote from: REYou probably surpass it. Between his SS and suplemental employment earnings, K-dog is middle class.In terms of cash flow, sure. But I have been specific about using a net worth metric, as opposed to cash income generated from being a working man. Todays working man, as K-Dog has demonstrated, can certainly find themselves in a higher level of net worth, depending on the time and dollars they had to invest and save. Although he has also mentioned preferring low but safer return investments.
Quote from: REMonsta is middle class and Knarf and I are poor. No filthy rich Diners at this time I am aware of.Your status I am aware of, from your own postings. I have no opinion and recall no Monsta stories related to the topic. At the Spartanburg SUN grand rollout he looked to be a nice young man, he was sitting with David closer to the tent when you and I were talking.
RE
QuoteThe excuse for the cooler was "insulting a diner". Where was the insult?
Quote from: RE on May 15, 2025, 06:22 PMQuote from: TDoS on May 15, 2025, 03:37 PMI have made no claim about the superioriority of billionaires, only classified high net worth individuals starting at 7 figures, like you and I.
Kdog's net worth only gets close to 7 figures if he gets a really good price on the sale of his McMansion, and even then the various closing costs would likely drop it below 7 figures. Besides that, he has to split the proceeds with his wife, She is not interested in selling.
RE
Quote from: TDoS on May 15, 2025, 03:37 PMI have made no claim about the superioriority of billionaires, only classified high net worth individuals starting at 7 figures, like you and I.
Quote from: RE on May 15, 2025, 01:04 PM
Peak Oil is back for an encore performance. It's DejaVu all over again.![]()
https://oilprice.com/Energy/Energy-General/The-Return-of-Peak-Oil.html
The Return of Peak Oil
Quote from: K-Dog on May 12, 2025, 07:05 AM7 figure net worth types?Of course I know what 2 orders of magnitude are. Not the point. I had previously and arbitrarily decided that 7 figures and up are high net worth individuals, and speculated on the perspective they, and you and I, might have because of it.
You claim to be a statician and can't tell 9 figures from 7. Dude, that is a difference of a hundred to one.
Quote from: K-DogI have met three billionaires in my life. RE knows this to be true because when he was in Seattle RE saw where I worked. He knows I have sucked in the thin air.
Quote from: K-DogBillionaires are not a superior life form. Sorry to inform you of this. As humans they are flawed, and capable of making horrible decisions which can ruin the lives of millions of people.
You are going back in the cooler. Three days.