KRL, about what you said yesterday... - GoFuckYourself.com

07-31-2003, 09:08 AM

Hey KRL, yesterday you mentionned in the AMP vs. Bradshaw thread how many millionnaires you know live a low profile... how they drive a SUV instead of a ferrari and live in a nice house but not a mansion.

tell me this then, what DO they do with their money? keep it for retirement? plan on giving to the generations to come? because it seems as if they dont spend it, they only save it.

I would appreciate your comment,
thanx in advance

Fletch XXX · 07-31-2003, 09:10 AM

good drugs and beer, what else?

Spunky · 07-31-2003, 09:14 AM

Reinvest

07-31-2003, 09:15 AM

Quote:

Originally posted by spunky1
Reinvest

so what, keep on reinvesting and use none of it?

theking · 07-31-2003, 09:44 AM

I do not know what your definition of "millionaire" is. Some think that if your assets are in the million or above category...then you are a millionaire...others think that you must have an annual income of a million or above to be considered as being a millionaire.

I am long time friends with several self made millionaires in the since that they have assets worth several million dollars...but some of them fall short of having an annual income of a million dollars or above. All of them have one thing in common...they do not flaunt their wealth...and would not appear to be millionaires to those that did not know otherwise.

All of them dress in very casual clothes...all of them have relatively modest homes (they could have live in much more expensive homes)...all of them have relatively inexpensive vehicles...and do not automatically buy a new vehicle every year. Most of them have relatively inexpensive boats...(they could have yachts)...most of them have somewhat expensive motor homes (as do I). A couple have small airplanes. They all are down to earth (family types...not play boys...don't have any serious vices) and all of them bargin shop...and are not loose with their money.

They all live as they choose to live and buy what they choose to buy but also are somewhat frugal...they will leave behind handsome inheritances for their families.

KRL · 07-31-2003, 09:45 AM

I think the mentality is primarily focused on preservation of wealth for the responsibilities that goes with it and to carry it successfully intact and expanded into the next generation of the person's family.

I grew up in the suburbs of Philadelphia. They call it the Main Line. If you read Town & Country Magazine, its that type of place, and mostly populated with blue blood old line money. (my blood isn't blue by the way LOL) I'm mentioning this because you won't find anywhere like it where moneyed people are so completely inconspicuous, discreet in their lifestyle and ultra conservative with their money. Everything in their thought process is based on preservation of wealth and shrewd long term investing. Frugal lifestyles is putting it mildly. They'll keep the same clothes for 20 years. They'll put hundreds of thousands of miles on their cars before they dare buy a new one.

A lot of it goes to charities and social causes. But mostly its just save save save. My sister married into a blue blood family with an 8 figure fortune, but they were cheap as hell though. Only thing they spent money on grandly was playing golf and the like at their country club. When I went to my sister's in-laws estate for a holiday get together, I couldn't believe how it was decorated inside. I mean it was loaded with valuable antique furniture, but it was like the house was the same way from when it was built and furnished 100 years ago. Really surreal.

Excessive conservation is a bit extreme in my opinion. Being frugal is a good thing I think, but life really is here to be enjoyed also and it does take spending money to have fun. I think the idea is to find a happy balance. One where you spend and save in check.

I've gone through different phases and opinions on it myself. One of the reasons I made that lengthy fatherly lecture style post to Brad, was cause I used to be that way too with people. I was pompous, cocky and ostentatious. It wasn't untill I realized that I had lost a lot of good friends being that way, blown a good personal relationship, wasted outrageous amounts of money on things just to impress my friends, and was sitting in a big house all alone thinking to myself is this what making lots of money turns you into that I realized I needed to slap myself in the face, come off of the holier than thou, smarter than everyone throne, and be a real person again.

After you have kids you usually change your thoughts on the way you spend money too. You just naturally start to think of them instead of buying things for your own pleasures. You get the natural desire to protect your money so they are protected.

Money is one of life's most complexing things. It can really fuck your head up if you don't keep things under control. Too much can be as bad as having too litte. Being somewhere in the middle seems to be the best way to go. Enough to have peace of mind, but you still need and want to be challenged with new opportunities all the time.

07-31-2003, 09:46 AM

Quote:

Originally posted by theking
I do not know what your definition of "millionaire" is. Some think that if your assets are in the million or above category...then you are a millionaire...others think that you must have an annual income of a million or above to be considered as being a millionaire.

I am long time friends with several self made millionaires in the since that they have assets worth several million dollars...but some of them fall short of having an annual income of a million dollars or above. All of them have one thing in common...they do not flaunt their wealth...and would not appear to be millionaires to those that did not know otherwise.

All of them dress in very casual clothes...all of them have relatively modest homes (they could have live in much more expensive homes)...all of them have relatively inexpensive vehicles...and do not automatically buy a new vehicle every year. Most of them have relatively inexpensive boats...(they could have yachts)...most of them have somewhat expensive motor homes (as do I). They all are down to earth (family types...not play boys...don't have any serious vices) and all of them bargin shop...and are not loose with their money.

They all live as they choose to live and buy what they choose to buy but also are somewhat frugal...they will leave behind handsome inheritances for their families.

very nice, thank you

but, honestly. if I had that much money, it would be meant to be enjoyed, not bottled up for someone else to enjoy it instead of me

07-31-2003, 09:51 AM

thank you so much KRL for giving me an answer with so much detail, you can never hear it better than from someone who has lived it.

also thanx theking!

both of you have really answered my question

polish_aristocrat · 07-31-2003, 09:51 AM

Quote:

Originally posted by KRL
I think the mentality is primarily focused on preservation of wealth for the responsibilities that goes with it and to carry it successfully intact and expanded into the next generation of the person's family.

I grew up in the suburbs of Philadelphia. They call it the Main Line. If you read Town & Country Magazine, its that type of place, and mostly populated with blue blood old line money. (my blood isn't blue by the way LOL) I'm mentioning this because you won't find anywhere like it where moneyed people are so completely inconspicuous, discreet in their lifestyle and ultra conservative with their money. Everything in their thought process is based on preservation of wealth and shrewd long term investing. Frugal lifestyles is putting it mildly. They'll keep the same clothes for 20 years. They'll put hundreds of thousands of miles on their cars before they dare buy a new one.

A lot of it goes to charities and social causes. But mostly its just save save save. My sister married into a blue blood family with an 8 figure fortune, but they were cheap as hell though. Only thing they spent money on grandly was playing golf and the like at their country club. When I went to my sister's in-laws estate for a holiday get together, I couldn't believe how it was decorated inside. I mean it was loaded with valuable antique furniture, but it was like the house was the same way from when it was built and furnished 100 years ago. Really surreal.

Excessive conservation is a bit extreme in my opinion. Being frugal is a good thing I think, but life really is here to be enjoyed also and it does take spending money to have fun. I think the idea is to find a happy balance. One where you spend and save in check.

I've gone through different phases and opinions on it myself. One of the reasons I made that lengthy fatherly lecture style post to Brad, was cause I used to be that way too with people. I was pompous, cocky and ostentatious. It wasn't untill I realized that I had lost a lot of good friends being that way, blown a good personal relationship, wasted outrageous amounts of money on things just to impress my friends, and was sitting in a big house all alone thinking to myself is this what making lots of money turns you into that I realized I needed to slap myself in the face, come off of the holier than thou, smarter than everyone throne, and be a real person again.

After you have kids you usually change your thoughts on the way you spend money too. You just naturally start to think of them instead of buying things for your own pleasures. You get the natural desire to protect your money so they are protected.

Money is one of life's most complexing things. It can really fuck your head up if you don't keep things under control. Too much can be as bad as having too litte. Being somewhere in the middle seems to be the best way to go. Enough to have peace of mind, but you still need and want to be challenged with new opportunities all the time.

great post, as usual

Cassie · 07-31-2003, 09:54 AM

Quote:

Originally posted by theking
I do not know what your definition of "millionaire" is. Some think that if your assets are in the million or above category...then you are a millionaire...others think that you must have an annual income of a million or above to be considered as being a millionaire.

I am long time friends with several self made millionaires in the since that they have assets worth several million dollars...but some of them fall short of having an annual income of a million dollars or above. All of them have one thing in common...they do not flaunt their wealth...and would not appear to be millionaires to those that did not know otherwise.

All of them dress in very casual clothes...all of them have relatively modest homes (they could have live in much more expensive homes)...all of them have relatively inexpensive vehicles...and do not automatically buy a new vehicle every year. Most of them have relatively inexpensive boats...(they could have yachts)...most of them have somewhat expensive motor homes (as do I). A couple have small airplanes. They all are down to earth (family types...not play boys...don't have any serious vices) and all of them bargin shop...and are not loose with their money.

They all live as they choose to live and buy what they choose to buy but also are somewhat frugal...they will leave behind handsome inheritances for their families.

signs of a person who knows how to enjoy their life but not take for granted what took so long to make. is it safe to say that those people you know are giving (but not to an extreme) to others such as family members and the like?

Fletch XXX · 07-31-2003, 09:55 AM

Quote:

Originally posted by KRL
I think the mentality is primarily focused on preservation of wealth for the responsibilities that goes with it and to carry it successfully intact and expanded into the next generation of the person's family.

I grew up in the suburbs of Philadelphia....

Good post homie.

FlyingIguana · 07-31-2003, 10:14 AM

Quote:

Originally posted by bdjuf
Hey KRL, yesterday you mentionned in the AMP vs. Bradshaw thread how many millionnaires you know live a low profile... how they drive a SUV instead of a ferrari and live in a nice house but not a mansion.

tell me this then, what DO they do with their money? keep it for retirement? plan on giving to the generations to come? because it seems as if they dont spend it, they only save it.

I would appreciate your comment,
thanx in advance

how do you think they became millionaires?

07-31-2003, 09:08 AM	#1
buddyjuf Guest Posts: n/a	KRL, about what you said yesterday... Hey KRL, yesterday you mentionned in the AMP vs. Bradshaw thread how many millionnaires you know live a low profile... how they drive a SUV instead of a ferrari and live in a nice house but not a mansion. tell me this then, what DO they do with their money? keep it for retirement? plan on giving to the generations to come? because it seems as if they dont spend it, they only save it. I would appreciate your comment, thanx in advance

07-31-2003, 09:10 AM	#2
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	good drugs and beer, what else? __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

07-31-2003, 09:14 AM	#3
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,970	Reinvest __________________ *YOUR INFORMATION HERE*

07-31-2003, 09:44 AM	#5
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	I do not know what your definition of "millionaire" is. Some think that if your assets are in the million or above category...then you are a millionaire...others think that you must have an annual income of a million or above to be considered as being a millionaire. I am long time friends with several self made millionaires in the since that they have assets worth several million dollars...but some of them fall short of having an annual income of a million dollars or above. All of them have one thing in common...they do not flaunt their wealth...and would not appear to be millionaires to those that did not know otherwise. All of them dress in very casual clothes...all of them have relatively modest homes (they could have live in much more expensive homes)...all of them have relatively inexpensive vehicles...and do not automatically buy a new vehicle every year. Most of them have relatively inexpensive boats...(they could have yachts)...most of them have somewhat expensive motor homes (as do I). A couple have small airplanes. They all are down to earth (family types...not play boys...don't have any serious vices) and all of them bargin shop...and are not loose with their money. They all live as they choose to live and buy what they choose to buy but also are somewhat frugal...they will leave behind handsome inheritances for their families. __________________ When you're running down my country hoss...you're walking on the fighting side of me! FOR THE LYING LOWLIFE POSTING AS PATHFINDER...https://gfy.com/fucking-around-and-pr...athfinder.html Last edited by theking; 07-31-2003 at 09:52 AM..

07-31-2003, 09:45 AM	#6
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	I think the mentality is primarily focused on preservation of wealth for the responsibilities that goes with it and to carry it successfully intact and expanded into the next generation of the person's family. I grew up in the suburbs of Philadelphia. They call it the Main Line. If you read Town & Country Magazine, its that type of place, and mostly populated with blue blood old line money. (my blood isn't blue by the way LOL) I'm mentioning this because you won't find anywhere like it where moneyed people are so completely inconspicuous, discreet in their lifestyle and ultra conservative with their money. Everything in their thought process is based on preservation of wealth and shrewd long term investing. Frugal lifestyles is putting it mildly. They'll keep the same clothes for 20 years. They'll put hundreds of thousands of miles on their cars before they dare buy a new one. A lot of it goes to charities and social causes. But mostly its just save save save. My sister married into a blue blood family with an 8 figure fortune, but they were cheap as hell though. Only thing they spent money on grandly was playing golf and the like at their country club. When I went to my sister's in-laws estate for a holiday get together, I couldn't believe how it was decorated inside. I mean it was loaded with valuable antique furniture, but it was like the house was the same way from when it was built and furnished 100 years ago. Really surreal. Excessive conservation is a bit extreme in my opinion. Being frugal is a good thing I think, but life really is here to be enjoyed also and it does take spending money to have fun. I think the idea is to find a happy balance. One where you spend and save in check. I've gone through different phases and opinions on it myself. One of the reasons I made that lengthy fatherly lecture style post to Brad, was cause I used to be that way too with people. I was pompous, cocky and ostentatious. It wasn't untill I realized that I had lost a lot of good friends being that way, blown a good personal relationship, wasted outrageous amounts of money on things just to impress my friends, and was sitting in a big house all alone thinking to myself is this what making lots of money turns you into that I realized I needed to slap myself in the face, come off of the holier than thou, smarter than everyone throne, and be a real person again. After you have kids you usually change your thoughts on the way you spend money too. You just naturally start to think of them instead of buying things for your own pleasures. You get the natural desire to protect your money so they are protected. Money is one of life's most complexing things. It can really fuck your head up if you don't keep things under control. Too much can be as bad as having too litte. Being somewhere in the middle seems to be the best way to go. Enough to have peace of mind, but you still need and want to be challenged with new opportunities all the time. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

07-31-2003, 09:51 AM	#8
buddyjuf Guest Posts: n/a	thank you so much KRL for giving me an answer with so much detail, you can never hear it better than from someone who has lived it. also thanx theking! both of you have really answered my question