@ucbalumnus, I agree that the methodology is a bit suspect, and I posted the article somewhat tongue-in-cheek, but I do think there’s a huge HUGE disconnect in high cost of living areas about what we think is rich
"—About Dave Ramsey. Not sure why straight forward investing advice in safe funds is “self serving” or “unrealistically optimistic” or naive in the least. "
@gouf78, Here’s the problem with Dave’s investment advice, and I’m talking as a fan. His projections are based upon a 12% annual return, which very few people can continue over time. Unrealistic. He thinks that since he can get it, so can everyone. Okay, Dave, so what funds do you invest in? He never talks about that.
If Dave is talking about getting 12 percent returns,
he is a snake oil salesman.
"My definition of rich = when you have so much money that you can get up and walk out half way through a movie because it is so awful and not feel bad about the money you just wasted on the tickets.
I’ll never be rich."
Oh yeah? Try taking your kids to the Wolf of Wall Street, where the opening scene is Leonardo, where he is snorting cocaine out of a woman’s oriface… you might just walk out.
Get a refund, though!
Thanks for that … Won’t be renting that movie!
@busdriver11, I should probably stay out of this, but it’s even worse than basing things on a projected 12% return, because he’s confusing arithmetic means with geometric means.
@busdriver11, what you said about the Wolf of Wall Street was said in the most polite way possible.
I couldn’t get through the movie.
I hard a hard time watching that movie, but it was on an airplane and I didn’t pay to view it. It was so much excess, greed and people out of control AND taking advantage of others. The upsetting thing is that stuff like that WAS happening and probably still is to varying degrees.
Interesting comments. I loved the movie.
Well somebody must have loved the movie. Wasn’t it nominated for Academy Awards? I guess the somebody was you. 
The 12% return is what irritates me about Dave Ramsey and he refuses to back off of it. There was a time when 12% was tossed around commonly as a reasonable rate of return over decades but that was before the dot com bust. I use 8% in my retirement calculations. Will be extactic if I average 10% and ok if it’s 6%.
I have a rich cousin who grew
Up with me. The last gift he gave son was a baseball mitt. They called
For address
After
College
Graduation. But nothing sent. I would
Never ask him for help
@Himom, I have to assume the airline version of The Wolf of Wall Street was heavily edited. How long was the movie?
20 minutes?
It seemed pretty long–90 minutes or more, if I recall correctly. I’m sure they had to edit some of the more xrated scenes, but you definitely got the flavor of excess and greed and I have no interest in paying to watch the “full” version.
Some rich and not so rich people do that and they go into debt or bankruptcy.
I had a relative who was born into a rich family but lived frugally relative to her wealth. She would spend generously on others but not on herself. She refused to take a cab to see her physician in her 70’s and instead took public transportation. Before her death in the late 1990’s she donated $40M to various charities. Actually, most of her siblings were frugal meaning they watched their expenses even though their wealth can last through several generations.
There are many who are frugal when spending on themselves but more generous to others–many of my relatives or are quirky about what they choose to splurge on and what they economize on (meaing, of course that their choices don’t always mirror mine). :))
I am most certain they edited about an hour worth of porn on your flight, HImom! Would have been a good movie without it.
DocT, you sicko… 
“Wolf of Walls Street” was a bit much for us, but it was Red Box and we watched it all hoping it would get better. . (side bar - it as a good example of money not being everything.) The kids laughed when they heard we’d rented it. Apparently they knew it had more foul language than any other movie.
So funny, colorado_mom! It was my oldest son’s idea, and he is s real straight arrow. I know my husband would have walked out in 30 seconds, but I kept thinking it was going to get better.
I don’t know if everyone here is prudish or what. My wife and I saw it with our daughter and her then boyfried who she will be marrying in June. His first job out of school was as a trader on wall street. He didn’t like the pressure and is now a phys ed teacher. It was a bit uncomfortable with them however. We all loved the movie. I also saw it on a flight to Amsterdam. I don’t remember anything being edited out.,