Row 70131

Row ID: 70131 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 70131 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

>To me, wealthy is you can spend money on something and you won't miss it. If I have to remove money from investments to pay for something, it hurts.

To me, wealthy is amassing sufficient assets to cover my living expenses, at my desired "quality of life" (always a loaded term) for as long as I draw breath, and to leave a generous estate for my children. At that point, I am financially independent, and I will withdraw from my portfolio to fund that quality of life and enjoy all of the time with family and experiences that money provides for. I couldn't care less about sports cars and celebrity lifestyles. So I suppose it's largely a matter of perspective. The higher the cost of your lifestyle, the more assets you need to feel wealthy. Happiness is matching your assets to your liabilities in an attainable and sustainable way.

We spend most of our lives trading away time to collect money. It would be a shame if, in our waning years, we felt shame or guilt for trading away money to collect time -- time with family, friends, and to live experiences.

FieldValue
text >To me, wealthy is you can spend money on something and you won't miss it. If I have to remove money from investments to pay for something, it hurts. To me, wealthy is amassing sufficient assets to cover my living expenses, at my desired "quality of life" (always a loaded term) for as long as I draw breath, and to leave a generous estate for my children. At that point, I am financially independent, and I will withdraw from my portfolio to fund that quality of life and enjoy all of the time with…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-23
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Raw Record

{
  "text": ">To me, wealthy is you can spend money on something and you won't miss it. If I have to remove money from investments to pay for something, it hurts.\n\nTo me, wealthy is amassing sufficient assets to cover my living expenses, at my desired \"quality of life\" (always a loaded term) for as long as I draw breath, and to leave a generous estate for my children. At that point, I am financially independent, and I will withdraw from my portfolio to fund that quality of life and enjoy all of the time with family and experiences that money provides for. I couldn't care less about sports cars and celebrity lifestyles. So I suppose it's largely a matter of perspective. The higher the cost of your lifestyle, the more assets you need to feel wealthy. Happiness is matching your assets to your liabilities in an attainable and sustainable way.\n\nWe spend most of our lives trading away time to collect money. It would be a shame if, in our waning years, we felt shame or guilt for trading away money to collect time -- time with family, friends, and to live experiences.",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1lS1hLV01KSDY5dXAxYkxUajNWa3picUlGRjJTeFE2WGl4T2ZoYkZxYmtpS0FQU2tMc3pWUWEtR3piQUVBMkpJUVVGd2lYT2hHUlBvaUt6WElsaG1SUWc9PQ==",
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}
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