"bluecutie" <BlueCutie[at]gmail.com> wrote in message
news:1157064562.566251.7760[at]i3g2000cwc.googlegroups.com...
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The rich knows money cannot buy happiness. The poor hopes money cannot buy
happiness.

704set


======================================= MODERATOR'S COMMENT:
Please relate future comments to financial planning.

bluecutie wrote:

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Maybe.

I have met many poor who were unhappy.

I think what makes a person happy has more to do with how they think
and how they deal with their circumstances.

Note that when you have more capital than you need for daily living you
have more choice and you can deal with more of life's unexpected
issues. Being able to drop what you are doing to spend time with a
relative who is about to die, providing extended care for an elderly
family member, responding to requests for assistance from strangers who
were caught up in a disaster, being able to volunteer at a school, etc.
All of the above are easier to do when you have time and time can
almost be purchased with cash. More correctly money can be used to free
up the 24 hours we each have every day (your time or people you hire).

John Corey

"bluecutie" <BlueCutie[at]gmail.com> wrote in message
news:1157064562.566251.7760[at]i3g2000cwc.googlegroups.com...

<snip
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Says you! I think I could be quite happy.

bluecutie wrote:
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Yes ... precisely to the crux of the matter. Presumably the people with
private jets produced goods and services to a greater extent than those
without jets (I do recognize that is a "loaded" proposition, but I
think it is true as much as other generalizations are "true").

As for what defines true wealth, it varies from person to person. I
have very often thought that a poet, a composer, a sculptor, an artist
- all consider, hear, feel, and see things that no amont of money can
ever buy. I went to a Mozart Chamber Orchestra concert - it is a wonder
of the synchronicities of life that there is one cello note I still
hear. I'm not good enough to even name the piece, let alone the stanza,
but there you have a cello maker providing the instrument for the
cellist to play the notes Mozart wrote hundreds of years ago, and the
prefectly placed note I noticed in the midst of a flow of music, and
time, and events. And what better could men ask than admiration for
their accomplishments?

luyongxu wrote:
. . .
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Interesting info. As long as the other time is spent doing meaningful
work and contributing to society, I could live this way, too. Wine and
wandering do not a happy person make.

"Private jet owners have an average annual income of $9.2 million and a
net worth of $89.3 million. They are 57 years old. And 70 percent of
them are men.

Hannah Shaw Grove and Russ Alan Prince, two researchers, surveyed the
group to find out who they are, what makes them tick, and perhaps most
interestingly, what they spend their money on.

The average jet setter spends nearly $30,000 per year on alcohol (wines
& spirits). Grove and Prince note that this amount is about two-thirds
of the median household income in the U.S. And that's the smallest
category of spending they surveyed.

The next smallest was "experiential travel," which includes guided
tours, such as photographic safaris, or hikes to Machu Picchu, or
eco-tours to the Brazilian rainforest, or kayaking in Baja California
during the gray whale migration. For these experiences, jet setters
spend an average of $98,000 per year."

This is the kind of life that I want to live. Thought I might share
this with the group to give everybody some motivation. I found this
Marketwatch article on http://www.bearmode.com .