tag:blogger.com,1999:blog-878781244953948813.post2832809426156093425..comments2023-09-22T20:53:43.819-07:00Comments on How Business Happens: Do Not Take On DebtUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-878781244953948813.post-59884033055274821342015-08-23T16:12:06.841-07:002015-08-23T16:12:06.841-07:00I never plan to retire. I plan on being financiall...I never plan to retire. I plan on being financially independent doing something that I like.<br /><br />Retirement meaning the intention of not working at all I don't think was ever the usual occurrence through history, unless it was for health reasons. The modern notion of complete retirement and doing nothing for the rest of ones' life like being on one long vacation is a recent notion I believe. In olden times, people would just downsize their work in accordance with what they were physically capable of doing as they aged. So instead doing hard labor like digging ditches or working a plow, they just did something less strenuous like peeling potatoes or maybe knitting. They could always be doing something useful to the farm or household. People also did not live as long and just dropped dead on the job. I also think that this recent notion of complete retirement is a strategy by investment companies to get people to think that they need to amass enormous amounts of retirement money so that they can profit from investing and managing it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-878781244953948813.post-80022190914657417122015-08-23T13:46:01.446-07:002015-08-23T13:46:01.446-07:00Very good... yet other definition, although not u...Very good... yet other definition, although not unusual. But you see that your definitions are essentially "wealth is accumulation" and in service of staying out of government clutches, a prudent goal. But does not your definition imply you quit working, that is retire, at 65? I wonder why anyone would retire from doing what they love?<br /><br />I think the right definition of wealth is what range of the population can access the range of goods and services available with their own money. Not just what you get or have, but that to which every one has access... This is optimal in only a free market.<br /><br />JohnJohn Wiley Spiershttps://www.blogger.com/profile/17912149116679736768noreply@blogger.comtag:blogger.com,1999:blog-878781244953948813.post-33582774087112980332015-08-23T12:02:16.746-07:002015-08-23T12:02:16.746-07:00"How do you define wealth?"
Wealth = To..."How do you define wealth?"<br /><br />Wealth = Total amount of $USD in assets and investments (savings, investment accounts, IRA's, 401(k), real estate, etc.) + Affordable and easy access to an ample number and variety of goods and services that improve your standard of living (services like medical care, security, insurance, vacations, and goods like healthy food, appliances, TV's, cell phones, Sony Playstations and xBoxes, etc.).<br /><br />At least that's what I think of when I think of Total wealth.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-878781244953948813.post-64072303089494139372015-08-21T08:11:29.399-07:002015-08-21T08:11:29.399-07:00Wealth could mean building a net worth sufficient ...Wealth could mean building a net worth sufficient to maintain one's needs (medical, dietary, leisure, etc.) on a daily basis from age 65 to death without having to rely on government handouts or loans.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-878781244953948813.post-68059164338266853992015-08-21T06:17:28.501-07:002015-08-21T06:17:28.501-07:00How do you define wealth?
JohnHow do you define wealth?<br /><br />JohnJohn Wiley Spiershttps://www.blogger.com/profile/17912149116679736768noreply@blogger.comtag:blogger.com,1999:blog-878781244953948813.post-32052019066366349592015-08-20T22:20:51.877-07:002015-08-20T22:20:51.877-07:00Yes, ultimately self-employment is the key. The ab...Yes, ultimately self-employment is the key. The ability to increase earnings (self-employment) as opposed to earning wages (being employed) is the best way to build wealth.Anonymousnoreply@blogger.com