One minute run-time
How people spend their free time and how it has changed over the course of our life-times.
One of the markers between a wealthy person and one who isn't wealthy is that the wealthy person is more likely to invest his money in items that are DURABLE. For example, they are more likely to invest in new skills than go on a cruise.
Many of the "friends" make on the internet are fleeting. Some people brag about how many people they "unfriend" as a way to seek status and communicate how "picky" they are.
When my parents were old, +95% of the contacts (outside of paid caregivers) were family and the other 5% were from the church.
Agree. A person deciding to experience a cruise should be a one time thing. Spending for multiple cruises (to me) is wasted $$$. Food is food and if the destinations can change but staying aboard is 95% of the time spent. Just doing the same thing over and over.
ReplyDeleteAgreed.
ReplyDeleteAnother big marker I've seen is planning for the future instead of indulging yourself now.
I've read that there are 3 things that determine whether or not you'll be in poverty or not (most of the time):
1. Finish high school
2. Wait to have kids until you're married.
3. Wait until at least 20 to get married.
If you do all these, you will do far better in life than if you do none of them.
Jonathan
I might add a slight addition, ERJ. The wealthy also invest in things that generate value or income and not in depreciating assets or things that only cost them money.
ReplyDelete“The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money.
ReplyDeleteTake boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles.
But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet.
This was the Captain Samuel Vimes 'Boots' theory of socioeconomic unfairness.”
― Terry Pratchett, Men at Arms
That is a great mental picture.
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