Reply to WaPo on Net Worth

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]"What I find interesting is how incredibly detached from reality this forum is."

Speak for yourself. I make $1M/year in my 40s. That's my reality. Others are worth billions. That's theirs. This board isn't detached from reality at all. What makes it great is that there are a lot of highly successful people willing to share info about managing money (and earning it) and I find it helpful and fascinating. [/quote]

The poster talking about this forum being detached from reality is correct.

Also the overwhelming majority of info shared about "managing money" here is BS. It is not "helpful and fascinating"; most of the time it's textbook what not to do. [/quote]

[b]The "textbook what not to do" is exactly what made them successful. [/b]Don't you understand that taking more risk sometimes works out? If you don't want to take the risk, you're not on the fastest track, and that's perfectly fine, as long as you don't spit on all the others who made different choices. 
You can be middle class and happy, but middle class and jealous is not a good look.

[/quote]

I doubt we're talking about the same "info" being shared when we talk about what is textbook what.

[/quote]

Oh, I have an idea, since I've shared some things that have been excoriated by certain people. This is why I responded: sometimes it works. All the financial experts who work 9-5 jobs and have clients like the PP are not-rich. Otherwise they'd be in another line of work, or nor working at all. So what is their advice worth, hmm? The "textbook" that PP thinks contains the Holy Grail of Finance isn't actually something you need to follow to the letter. There's only one rule that works: the magic of compounding. 
 
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