- Joined
- Oct 3, 2007
- Messages
- 1,743
Alright everyone, delaying gratification is one of most talked about set of words around here. It comes up in almost every Fastlane definition, explanation and criteria by accomplished Fastlaner's.
So let's have it!
Where is your line between living rich and delaying gratification. I will explain further because there really doesn't HAVE to be a line separating the two, but it gets the point across correctly for this discussion.
I'm assuming everyone 'feels' differently about what 'delaying gratification' means to them. Some may say, "I can't spend a hundred grand on a luxury item THAT MAY OR MAY NOT APPRECIATE (key difference) until I net a million (1/10 of net)." Others may say anything above my necessary investments after leaving the rat race is play dough.
The results of either end of the spectrum are obvious dependent on what decisions are made. Hence serial entrepreneurs compared to a flashy ride (meretricious lifestyle) that lasts about a year, only to be broke yet again.
The point is, where is your defining factor? Technically, and I mean technically, you could be wealthy as hell and never live rich. I mean come on guys, let's get real here, there's no point in acquiring a fastlane lifestyle if you can't enjoy it. Your spirit won't be carrying any luggage upon departure.
I could delay gratification until my net worth is around 15 mil, if that's what I set my goal at. Not very realistic in terms of zero discretionary income, but nevertheless, I might bite the dust at 8 mil. Then what?
Point being, living rich is more than individually enjoying the money you've made or wealth you have created. It can open doors to helping others in many ways, and not just financially, as you become the master of your time here on earth.
So ladies and gents, where do you stand?
So let's have it!
Where is your line between living rich and delaying gratification. I will explain further because there really doesn't HAVE to be a line separating the two, but it gets the point across correctly for this discussion.
I'm assuming everyone 'feels' differently about what 'delaying gratification' means to them. Some may say, "I can't spend a hundred grand on a luxury item THAT MAY OR MAY NOT APPRECIATE (key difference) until I net a million (1/10 of net)." Others may say anything above my necessary investments after leaving the rat race is play dough.
The results of either end of the spectrum are obvious dependent on what decisions are made. Hence serial entrepreneurs compared to a flashy ride (meretricious lifestyle) that lasts about a year, only to be broke yet again.
The point is, where is your defining factor? Technically, and I mean technically, you could be wealthy as hell and never live rich. I mean come on guys, let's get real here, there's no point in acquiring a fastlane lifestyle if you can't enjoy it. Your spirit won't be carrying any luggage upon departure.
I could delay gratification until my net worth is around 15 mil, if that's what I set my goal at. Not very realistic in terms of zero discretionary income, but nevertheless, I might bite the dust at 8 mil. Then what?
Point being, living rich is more than individually enjoying the money you've made or wealth you have created. It can open doors to helping others in many ways, and not just financially, as you become the master of your time here on earth.
So ladies and gents, where do you stand?
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