Capitalists

Instead of spending my pitifully small amount of time in the morning reading my favorite blogs, the last couple of days I have been reading stuff that I never would have seen except that the Weekend Pundit hosted the Carnival of the Capitalists this week.

As an aside - I think WS and I could easily be millionaires if we made nearly as much as that couple highlighted as the second pick under the Editor's Choice!

Anyway, since I've got nothing for you to read, go check it out.

Comments

[Cop Car]

Interesting reading, Bogie. I have a bone to pick with the 30/31-year-old 1/2-millionaires, though. They said, "Just remember, it's not what you make, it's what you spend that determines your net worth." That is baloney. Marilyn vos Savant [web site at: http://www.marilynvossavant.com/] once wrote on the subject, and I agree with her. She said that if one doesn't first make or get the money, one can neither spend nor save it--there is no choice at all. Of course, she was urging kids to stay in school to qualify for high-paying jobs, but her observation is nonetheless true.

[At one time it was true (and may still be true) that most of the really rich self-made people were not highly educated; but, on average, the higher one's formal education, the greater the life-time earnings--at least, for men.]

[bogie]

I agree with you an Marilyn - if your net worth is determined only by what you spend, I was certainly rich and didn't know it when I made minimum wage (that would be why I was working 2 jobs I guess).

I think that formal education thing backfired for me. I know for a fact that if I had stayed as a grower, I would be making more money now (heck, I could make more money as an inspector at the place I currently work at). Instead, I spent a lot of our money and CompanyS's money on an education, got a desk job and lost out on wages (heck, I'd settle for a raise at this point - I always seem to work for companies that have a wage freeze in affect, except for people that get "promoted").