• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 50,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

  2. Forum *Official* Book Discussion
    Influence, The Psychology of Persuasion by Robert Cialdini

    The forum has voted to discuss this book. Grab it and let's discuss!
    Buy: Buy | Discuss: Influence: The Psychology of Persuasion(Review | Discuss)

$150,000 A Year Qualifies As Being "Rich"???

Discussion in 'General Mindset, Motivation, Beliefs' started by Nick2169, Dec 9, 2011.

  1. Rabby
    Offline

    Rabby Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    410
    Likes Received:
    919
    Joined:
    Aug 26, 2018
    Gender:
    Male
    Location:
    Florida
    Rep Bank:
    $5,733
    Wow, this is a resurrected zombie thread. It's a good distinction to make though; wealth and income are not the same thing. If you make 6 figures in USD, and your time is not tied to your business (or investments) you can live at a high quality of life pretty much anywhere in the world.

    Income security is important too. Having a job that pays 500k per year gives you a high income, but it isn't necessarily secure. You can lose such a job in a variety of ways - your health fails, management fires you, the shareholders vote you out, etc. If you control an asset that "only" pays you 150k per year, you probably have more security of income.

    If, on top of that your income is mostly passive, and as MJ points out, you have no debts, you have a great deal of security AND flexibility that the 500k employed income earner does not have.

    Will you buy a nicely furnished Hawker with your income? Probably not. But you have assets, security, time, and the flexibility to set new goals and follow through with them. Isn't that wealth?
     
  2. The Abundant Man
    Offline

    The Abundant Man Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    1,226
    Likes Received:
    1,676
    Joined:
    Jul 3, 2018
    Gender:
    Male
    Rep Bank:
    $9,053
  3. WJK
    Offline

    WJK Gold Contributor Speedway Pass

    Messages:
    655
    Likes Received:
    1,461
    Joined:
    Oct 9, 2017
    Gender:
    Female
    Location:
    Nikiski, Alaska
    Rep Bank:
    $9,567
    We pick lots of berries (blueberries, strawberries, raspberries, currants, watermelon berries, etc.), wild greens, mushrooms and other wild plants. We use them fresh during the summer. I just walk out my door and pick what I need for a stir-fry or soup. Pesto made with wild greens is a wonderful pasta sauce.

    The rest I use to make jams, or we freeze them or dry them in a solar dehydrator for the winter dinner table. Our wild plants have several times the antioxidants and other nutrients compared to the store-bought stuff that's shipped here from the Lower 48.

    We also have smokehouse for meat, fish and cheese, and sawmill for our lumber needs. We harvest our own trees. Living in rural Alaska is a lifestyle. It's not for wimps and lazy people. Yes, we work hard, but it's worth it.
     
    Bekit, Rabby and Kingmaker like this.
  4. The Abundant Man
    Offline

    The Abundant Man Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    1,226
    Likes Received:
    1,676
    Joined:
    Jul 3, 2018
    Gender:
    Male
    Rep Bank:
    $9,053
    Maybe you guys should have your own reality show on the History Channel(Used to be about history but turned into a reality show station)
     
  5. WJK
    Offline

    WJK Gold Contributor Speedway Pass

    Messages:
    655
    Likes Received:
    1,461
    Joined:
    Oct 9, 2017
    Gender:
    Female
    Location:
    Nikiski, Alaska
    Rep Bank:
    $9,567
    No thank you. I don't want the disruption or the spotlight. I had a high-powered career in Los Angeles for 30 years. I like my current quiet lifestyle with my husband.
     
  6. 100k
    Offline

    100k Gold Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    1,059
    Likes Received:
    1,259
    Joined:
    Oct 20, 2012
    Rep Bank:
    $3,854
    $150k/year ... after taxes ...passively, without having to get out of bed to work.

    Yes... I'd say you're pretty much rich IMO. If you have to work for that $150k and pay taxes on top of that, then you're in the middle classes at best.
     
    SMH likes this.

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page