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(D. Gerasimatos) wrote in message news:bg50cv$337

While its sad to see an average family fall into foreclosure, it is
damn funny when the $1,000,000 homes are in default.

Why?

The average guy needs a certain size of home to acommodate his family.
This average home he buys may stretch his resources but he doesn't
want all 3 kids in one bedroom so he goes for it.

The next fellow with 4X the income of the average dude arbitrarily
decides to super-sized his home to the point of being on the edge
financially. This vain dude had a choice and could have bought a
comforable home to acommodate his family for half the money. When he
stumbles and finds himself in default, you may well see him in the
same light as the average guy described above ... I don't.

"The Millionaire Next Door" illustrates well the fact that wealthy

I have read this book. It does not say what you think it says.

Fine, do you recommend the book or not?

Who said this guy was straining and what business is it of yours?

Hey, let the guy hang himself with his own rope. One of my fellow
vultures may benefit. People in most income brackets are hell-bent on
over extending themselves and getting into trouble. If this ever
changes then I'll be looking for another line of work. Are you
worried for me?

you spend your money on stuff that I think is foolish

But I pay cash for everything so foolish or not the purchases do not
risk my family's financial health.

It may not be about what we have, but on the other hand having $20 million
in the bank and living in a one bedroom apartment on the wrong side of town
isn't exactly living life to the fullest.

Ok, but back in the real world even the frugal wealthy folks that I
know live very comforably. Do you personally know anyone with
20-million living as you discribe?

What is the purpose of money if not to enjoy oneself? There's a beauty to
dying owing lots and lots and lots of money! Hence, the saying that "When
I die I want my last check to bounce!".

Dimitri

Yes Dimitri, if you know the day of your passing you can perhaps gauge
your spending like a smart bomb. You are very fortunate to be so in
tune with the universe. As for stupid fools like me, we have little
clue how long we're going to hang around this earth so we like to keep
a fat cushion just incase that Zocor is better than first thought.