Is there such thing as carefree life after 21?

[Rawr]

I think a lot of people want to be rich just so they can worry less. Well funny thing from what I hear it works the opposite, more money, more problems. May be it's all of us rushing back to our childhoods - carefree life, or even more, back to the womb, to the ultimate safety and security.

How does everyone feel about reducing the things we worry about as we get older, surely for some having food, shelter, and tv and not having to work ever but just living off a government check, or perhaps 5% on a big sum could be as close as you can get- if that floats your boat.

What is the closest one can get to carefree, after he/she made some money? And can we get there, or do we have to live in the mountains to do so?

 

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[mkzhang]

I wish I knew, so I can be carefree regardless if I am wealthy or not!

I am about to turn 22, and I haven't gotten to savior my childhood one bit.

 

[MJ DeMarco]

Money doesn't buy happiness because money is often used for purposes destructive to freedom. (More stuff, more debt, more "lifestyle") At some point, "MORE" has to stop.

 

[PaulRobert]

How does everyone feel about reducing the things we worry about as we get older, surely for some having food, shelter, and tv and not having to work ever but just living off a government check, or perhaps 5% on a big sum could be as close as you can get- if that floats your boat.

Money doesn't buy happiness because money is often used for purposes destructive to freedom. (More stuff, more debt, more "lifestyle") At some point, "MORE" has to stop.

This is my view on accumulation of wealth and aging. As we age, we (hopefully) mature. With that, I believe that as we make more money, we should mature with dealing with money.
The more money you make, the more self control and maturity you should instill in your life. If you have $500 and can't keep it because you are spending it, then what are you going to do when you have $1,000,000? If you cannot control your money when you are broke, then you will never have control when you are a millionaire. As stated multiple times, money does not solve problems. Its the decisions and mature thinking that does.

When I do make my millions, it will not be spend, spend, the money will never run out. Money cannot get to your head, what needs to be in your head is clear smart thinking.To many people, carefree living is an image where you throw money at a problem and it solves itself. You don't care how much you spend cause you have money. That is what happens to lotto winners and people that have poor money management skills. They think the money never runs out and just piss it away.

To me a carefree life after 21, is not worrying about essentials, but having the time to enjoy your life and having complete control of your money. You know every single income and expense.

 

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[MJ DeMarco]

As stated multiple times, money does not solve problems.

To steal some quotes from my book:

More money doesn't solve money problems. It's like trying to solve a leaking boat with a bucket -- no, instead, plug up the hole!

and

Poor money management is like gambling at the casino: The house always wins.

This is why people who make millions often can go broke just a few years later after their latest hit album or big contract signing.

 

[Bobo]

It's mindset. Last year should have been a miserable year: Custody battle, cancer, IRS audit, half our income gone....

Know what? Best year of my life. Somewhere over the past few years I really began to sell myself on the idea that happiness is all about a mindset. I am sad/angry/down about an hour per month in a bad month.

It's a cliche I know but happiness and freedom are a choice. Does being a husband and a dad limit my freedom? You could make that argument - it makes me happy.

Do three dogs make it hard to travel? Yeah, but they sure as hell make me laugh when I get home.

So many people say "I will be happy when X". Horseshit. If you are miserable poor you will be miserable in a nicer place when rich. It's like when people say "I wish I lived wherever". Uhm, hello, U-haul goes there.

Second thing I figured out? You can't make someone else happy, but they can make you miserable. Think carefully about who you surround yourself with and make sure that you like the guy in the mirror because yer gonna be hangin out with him a bunch.

 

[Cat Man Du]

Second thing I figured out? You can't make someone else happy, but they can make you miserable. Think carefully about who you surround yourself with and make sure that you like the guy in the mirror because yer gonna be hangin out with him a bunch.

You learned the secret: Happiness is INSIDE out ....not OUTSIDE in.

Other then the members of this forum. Do you know that MOST people .....look in the mirror and NEVER see themselves. ... EVER.:smx4:

 

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[DeletedUser394]

To steal from a song: "Money can't buy me happiness, But I'm happiest when I can buy what I want, anytime that I want"

I think there's comfort in having passive income to live off of forever, helping others, good health, and solid relantionships. Pretty much as carefree as it gets I guess.

How otherwise could you be more carefree? ...oh ya.... you could be dead lol

 

[Cat Man Du]

How otherwise could you be more carefree? ...oh ya.... you could be dead lol

Hmmmmmmmmmmmmmmm. Your troubles could be just starting then, but you'll have to wait to know!:huh2:

 

[LagunaLauren]

I think a lot of people want to be rich just so they can worry less. Well funny thing from what I hear it works the opposite, more money, more problems.

More money doesn't necessarily mean more problems. Seems that way sometimes when you're young an busting your butt to become successful. It can be complicated or stressful when you have the responsibility of tens of millions of dollars in mortgages or a company with overhead and employees. (Yes, I occasionally hyperventilate when I realize exactly how much $ I've committed myself to in Real Estate loans!) But several close friends I have who have become mega-mega millionaires have put people and systems in place to automatically keep generating Millions of $ for them with a passive involvement from them. They worked hard initially building their real estate empires or companies, but definitely enjoy the fruits of their labors now. Several of my friends have their own private jets and 120 ft+ mega yachts and truly enjoy relaxing, luxury lifestyles. Hanging around with a group of several friends who have achieved such great levels of wealth shows that it's definitely attainable for anyone, rather than a rare situation for a select few. (And most of them made their Millions in their 30s/early 40s).

More than anything, if done correctly, more money buys time and freedom.

 

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[LagunaLauren]

Here's a little inspiration for ya. Two of my friends' yachts, Shogun and Sojourn in Newport Beach. Still think more money means more problems? (Oh, and Shogun, the one in front, is sometimes chartered for over $60k+ a WEEK. His luxury toy generates an income for him when he's not using it personally!) Fastlane thinking.

 

[milliona]

I think a lot of people want to be rich just so they can worry less. Well funny thing from what I hear it works the opposite, more money, more problems. May be it's all of us rushing back to our childhoods - carefree life, or even more, back to the womb, to the ultimate safety and security.

How does everyone feel about reducing the things we worry about as we get older, surely for some having food, shelter, and tv and not having to work ever but just living off a government check, or perhaps 5% on a big sum could be as close as you can get- if that floats your boat.

What is the closest one can get to carefree, after he/she made some money? And can we get there, or do we have to live in the mountains to do so?

When you have Alzheimerz, that's the closest you can get...Not even the richest man in the world can live a carefree life. Not one, not the average Jane or Joe nor Uncle Sam. When you live in the mountains you will have different set of concerns...different, not necessarily less. You can not say Bill Gates has less or no problems at all. Money is outside of man as well as all material things are. But he can use it to buy the things that he want, for the needs of those he care for...to do certain things that make him feel valued and fulfilled.

When you have money, problems don't go away. They just change in shape and sizes. But the good thing is, you can now pursue those things you had always dreamed of doing when you were yet incapable because you had no money. That is freedom. You don't get education and work your a$$ off in some office, building or computer for so many years only to retire in your bunker and play with the squirrels. You better be dead not to go with the seasons of time or care what's going on in the world or in the lives of others. But the time of caring does not start when you're already financially free or you deserve some session with the Na'vis.

 

[HenkHolland]

First of all I like the quote:

Money does not make you happy, but it is better to be unhappy with money than without money.

Now the serious comment:

There is a research report of a professor of the Erasmus University in Rotterdam in the Netherlands, who studies the subject of happiness, including the influence of money on people's happiness. As to the effect of money the outcome was that as soon as people have an income (either from labour or from capital) that is above average, extra money does not make them significantly happier. If they have an income below the average extra money does make people significantly happier.

BTW this week he reported the result of a study on the effect of (alcohol) drinking on happiness. His preliminary conclusions are that in Western societies moderate drinkers (I believe this was defined as an average of two glasses per day) are happier than people who don't drink alcoholic drinks.
However, heavier drinkers as we can imagine are less happy than non-drinkers.

 

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[Bobo]

Here's a little inspiration for ya. Two of my friends' yachts, Shogun and Sojourn in Newport Beach. Still think more money means more problems? (Oh, and Shogun, the one in front, is sometimes chartered for over $60k+ a WEEK. His luxury toy generates an income for him when he's not using it personally!) Fastlane thinking.

Lauren my friend, now you have a point that I left out.

Once you figure out happy, you're gonna be a really good shopper when you're looking for FUN!

I would very much enjoy having an internet connection via satellite and have my biggest worry be where to park the boat.

 

[Rawr]

Got this email today.




"Nowhere are the limits of an external source of purpose so clear as
with money. While money serves as a primary source of motivation and
an ongoing preoccupation for many of us, researchers have found almost
no correlation between income levels and happiness. Between
1957 and 1990, per person income in the United States doubled, taking
into account inflation. Not only did people's reported levels of happiness
fail to increase at all during the same period, but rates of depression
grew nearly tenfold. The incidence of divorce, suicide, alcoholism
and drug abuse also rose dramatically.

"We humans need food, rest, warmth and social contact," writes
David Myers, author of The Pursuit of Happiness. "For starving Sudanese
and homeless Iraqis money would buy more happiness. But having
more than enough provides little additional boost to well b e i n g . ..
Once we're comfortable, more money therefore provides diminishing
returns... The correlation between income and happiness is modest,
and in both the U.S. and Canada [it] has now dropped to near
zero...Income also doesn't noticeably influence satisfaction with
marriage,
family, friendship or ourselves—all of which do predict a sense of well
being." Happiness, in turn, has been clearly associated with higher
productivity.
In short, money may not buy happiness, but happiness may help
you get rich.

Extrinsic rewards have actually been shown to undermine intrinsic
motivation. Researchers Mark R. Lepper and David R. Green spent
time watching nursery school children at play in order to assess what
they most enjoyed doing. Next, they began giving each child a reward
each time he or she engaged in the preferred activity. Across the board,
the children's interest in activities quickly diminished when they were
associated with rewards. In a second study, adults doing puzzles were
rewarded each time they were successful in completing them. Like the
children, their interest in continuing the activity progressively decreased.
Plainly, people can be motivated by material gain and by external
praise. The point is that we feel more passion for and derive more
pleasure from doing what we freely choose and most enjoy."

-The Power of Full Engagement by Jim Loehr and Tony Schwartz

 

[Cat Man Du]

Here's a little inspiration for ya. Two of my friends' yachts, Shogun and Sojourn in Newport Beach. Still think more money means more problems? (Oh, and Shogun, the one in front, is sometimes chartered for over $60k+ a WEEK. His luxury toy generates an income for him when he's not using it personally!) Fastlane thinking.

WHY...............Did'ya have to do that?????? Now I'm homesick for SoCal. Damn !

 

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[Cat Man Du]

Got this email today.

"Nowhere are the limits of an external source of purpose so clear as
with money. While money serves as a primary source of motivation and
an ongoing preoccupation for many of us, researchers have found almost
no correlation between income levels and happiness.

The point is that we feel more passion for and derive more
pleasure from doing what we freely choose and most enjoy."

-The Power of Full Engagement by Jim Loehr and Tony Schwartz

That's why............Gates & Buffet started their Non-profit. :smx19:

 

[MJ DeMarco]

Isn't that where Demi Moore was bought for $1,000,000?

:urock2:

 

[LagunaLauren]

Isn't that where Demi Moore was bought for $1,000,000?

:urock2:

WOuld be funny if it was. Jim bought this yacht a few years ago when he sold another one like just as big called Voyager. Don't know if Shogun has any theatrical history. He did remodel it completely on the inside, including a real shogun suit of armor in a glass case. (?)

 

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[LagunaLauren]

As a side note, I can say that the multi-millionaires I know who have worked for their own fortunes seem to truly be happy. The ones I know who have inherited millions seem to be an unhappy mess; irresponsible, drugs, alcohol, etc. Not that this is true for everyone, of course, just my immediate experience.

I agree that money makes you more of what you are. If you are compassionate, more money will enable you to be generous. If you're an a$$, more money just makes you a bigger a$$. Lack of money can certainly cause stress and unhappiness.

Oh, and Bobo-in response to your dilemma of where to park the yacht: It anchors quite nicely off of St. Bart's FYI. Money may not buy happiness, but it beats a stick in the eye!

fftopic:

 

[Bond]

Isn't that where Demi Moore was bought for $1,000,000?

:urock2:

This was the original boat called Huntress. It had a fire and was rebuild and named Atessa 1. They used Atessa 1 in the movie.

 

[GlobalWealth]

I think a lot of people want to be rich just so they can worry less. Well funny thing from what I hear it works the opposite, more money, more problems. May be it's all of us rushing back to our childhoods - carefree life, or even more, back to the womb, to the ultimate safety and security.

How does everyone feel about reducing the things we worry about as we get older, surely for some having food, shelter, and tv and not having to work ever but just living off a government check, or perhaps 5% on a big sum could be as close as you can get- if that floats your boat.

What is the closest one can get to carefree, after he/she made some money? And can we get there, or do we have to live in the mountains to do so?

As the saying goes, 90% of what you worry about won't ever happen, and you can't do anything about the other 10% anyway. So why worry?

With that said, maybe you should substitute the word 'passion' for 'worry'. Instead of focus on the negative, seek out passion in your life.

I decided a few years ago that my life was going to be the enjoyment of life experiences. I have not desire for owning a Lamborghini, however I would like to drive one for the day around Nurburgring. I worked very hard, for 13 years running my main business and realized it was running me. I didn't like my customers or my employees. I was beyond burnt out. So I sold it and now live a life I enjoy.

I still work hard, but I love what I do. I travel, a lot. I work with entrepreneurs and investors from all over the world. At my last company, I was filled with worry. Today, I am filled with passion.

 

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[Cat Man Du]

Amen..............bro !

 

[YOUNGMONEY]

nice yacht!

 

[Bobo]

I agree that money makes you more of what you are. If you are compassionate, more money will enable you to be generous. If you're an a$$, more money just makes you a bigger a$$. Lack of money can certainly cause stress and unhappiness.

Bingo. Thanks for distilling down what was rattling around in that frightening mess between my ears. I think Lauren and I were sep'd at birth, LOL

 

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[Rawr]

bump just because

 

[Van Halen]

Only 8 years later

 

[GlobalWealth]

bump just because

Holy thread resurrection batman

Sent from my VTR-L29 using Tapatalk

 

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