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This really depends. My dad grew up really poor; each person in his family ate one meal every other day so there would be enough food to go around. He says that this was probably the time he was happiest because his family got along and things were just really simple. However, he always tells me that since I've never been so poor that I was starving and naked (I guess living in a small studio and sharing one twin size bed as the only piece of furniture for half of my life is like living as Bill Gates compared to what he went through), I don't realize that it's almost impossible to be truly happy when you are dirt poor and have no one to turn to. He also says that in America, it's more probable that you can be happy when you're homeless and poor because it's still possible to work your way up. Also, regardless of your pride and overcrowding issues, you can always go get food at a foodbank if your kids are on the brink of starving to death.

Then again, according to my parents, as long as I am rich, I will bring honor to the family which should make me happy regardless, lol. I'm going to opt for something in between.

Any homeless CAGS out there surfing free via library internet access?

Isn't the reason people want to be rich is because it will provide benefits and they think it will make them be able to enjoy more things, open doors, and be happier? So, if the only way to be rich is to be miserable, what's the point?

I thought this was a stupid question, until I realized people were actually picking, or contemplating, rich and miserable.

This isn't love or money, since the side effect is also being chosen (poor vs. happy).

new idea jav...take your love of sushi and your desire to become some kind of entrepeneur and open a high quality sushi restaurant.
www.tojos.com
this place, tojo's, for example. it's hands down the best sushi place in vancouver from what locals have told me, and rumor has it the best outside japan. one of my teachers once said that a night there with drinks can easily run $100+ per person. as a poor student i can't verify any of it, but look forward to the day i can. just a thought...

Originally Posted by javeryh jaykrue - I know I've asked before but how did you get started? I've got some money set aside and a real estate investment makes sense because prices almost never go down. I'm worried that I wouldn't be able to donate enough time to manage the property though and also about deadbeat tenants. Also, I'd have to spend a year doing it before I quit my (semi) secure job here (I actually think I'm getting fired soon because everyone does and I have kind of just been riding it out until then which is why I haven't quit yet).

I started out by renting out a condo to my college roommates. Legally speaking that was a stupid thing to do. I should have formed a corporation of sorts to protect myself from any legal backlash for some rookie move I might've done. Go with an LLC to start with. Or better yet, create a trust and place the LLC as one of its assets. If most of your assets are in trusts, it will appear that you will mostly nothing and thus, if anyone decides to sue you personally, the most they can take is what you personally own or make (for me, it's essentially my video games & tv). That's part of the reason why I don't have a big salary for myself. When you have more experience under your belt, consider switching that LLC to a C-Corp (with the trust still as the owner) and create another LLC as a subsidiary of the C-Corp which is directly responsible for the property in question. This should be true for all your other big assets. If you have 4 rental properties, you should have 4 separate LLCs under the C-Corp. Even better is if you base that C-Corp in Nevada as they don't have a state income tax as well as an added extra layer of legal protection as corporate ownership is not made publically available unless by subpoena and the last time that happened was 1985. As for managing the place, you can get a management firm to deal with managing the place & tenants for a percentage of the monthly income (10 percent give or take). Not to advertise but there's quite a good thread going on in fatwallet. It's a bit of a read as it's currently 72 pages long but a lot of the stuff they talk about is straight up your alley (budding/starting real estate entrepreneurs):


http://www.fatwallet.com/forums/mess...threadid=59627

When was the last time you saw a homeless man getting squirted in the face at the War of the Worlds premier and having his bitchfit being broadcast all over television?

Poor and happy wins the day.

i've been poor and (relatively) happy. i'd like to try the rich and miserable for a while.

My family went through a REALLY rough patch when I was in high school (after my dad left the military) in which we had no home to call our own. I ended up going to three different high schools. Twice we had to move in with relatives in which all four of us slept in the same small room on a floor. After we managed to get our own place, we still had little money and I remember when we literally had nothing but baking soda and water in the fridge. I don't know what it is like to be rich, but being being poor was never a happy time for me redgardless of how close I was with my family.

What morons are voluntarily choosing to be miserable?

EDIT: When you look at the choices, in one your happy, in the other your miserable. When you realize this, the amount of money is irrelevant. I would think you would choose whichever choice you'd prefer more. Unless your a masochist you can't possibly prefer being miserable to being happy, regardless of how much money you have.