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Omega_M
Nostalgia



Registered: Jun 2005
Location: Ether
In Silicon Valley, Millionaires Who Don't Feel Rich

An article on the millionaires of silicon valley. Most of them tend not to splurge their money. Many think their earnings are peanuts compared to their neighbors who earn in the 10s of millions. These guys still work hard putting in 60-70 hrs per week.

In Silicon Valley, Millionaires Who Don’t Feel Rich

I would love to end up in a similar situation


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Originally posted by twilightki : It feels like something you'd listen to at 4 in the morning, or listen to in your car while you're going in a tunnel.

Old Post Aug-06-2007 02:55  India
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tathi
wanderlust



Registered: Jan 2003
Location:

i meet people all the time who make around $5 a day and struggle to feed their kids (yet consider themselves lucky compared to some) here in Ecuador so i find those whingers in silicon valley pretty fucking disgusting

here´s a good book on Status Anxiety
http://www.amazon.com/Status-Anxiet...n/dp/0375420835

Old Post Aug-06-2007 17:05  Australia
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josh4
Supreme tranceaddict



Registered: Dec 2003
Location: New York City
Re: In Silicon Valley, Millionaires Who Don't Feel Rich

quote:
Originally posted by Omega_M
An article on the millionaires of silicon valley. Most of them tend not to splurge their money. Many think their earnings are peanuts compared to their neighbors who earn in the 10s of millions. These guys still work hard putting in 60-70 hrs per week.

In Silicon Valley, Millionaires Who Don’t Feel Rich

I would love to end up in a similar situation

Thats the truth. Thats where I work and its just expected of you to put in those long hours even on the weekend if need be. Its not unusual to get off work at 7 or 8pm. When all your coworkers are working those hours its hard to be the only one that doesn't. And most of the time you don't get overtime pay

Its crazy expensive to live out here. If I were one of those guys I'd cash out soon as I hit a couple million and move to a cheaper area to live off it. There are plenty good areas where you could retire on a couple million. I don't see the sense in killing yourself to live in an area where thats just chicken scratch

Old Post Aug-06-2007 20:22  United States
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tubby
Supreme tranceaddict



Registered: Jul 2002
Location: sydney

this is not a new concept, measurement of wealth has always been done in comparison to your peers and neighbours. we should all feel very wealthy in the west compared to the income the majority of the world survives on, yet we all want more.

Old Post Aug-06-2007 23:53  Australia
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Fir3start3r
Armin Acolyte



Registered: Oct 2001
Location: Toronto, ON, Canada

The disease is called, "Keeping up with the Joneses".

There's nothing wrong with making a decent dollar but a lot of people have no idea how to rationalize the cost on their mind/body.

Probably why so many people over there snap and become flower children....(j/k)

...when enemas become the norm, there's got to be an issue somewhere lol


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Old Post Aug-07-2007 00:23  Canada
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Omega_M
Nostalgia



Registered: Jun 2005
Location: Ether

quote:
Originally posted by tubby
this is not a new concept, measurement of wealth has always been done in comparison to your peers and neighbours. we should all feel very wealthy in the west compared to the income the majority of the world survives on, yet we all want more.


yes, that is true. But what makes this special is that these people belong to the top 1% income bracket in the US.

And still they don't think they are rich enough.


___________________

Download and review ! Omega_M - In the Mix (Beta Version)

Originally posted by twilightki : It feels like something you'd listen to at 4 in the morning, or listen to in your car while you're going in a tunnel.

Old Post Aug-07-2007 00:35  India
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AnotherWay83
The B00b Maintenance Guy™



Registered: Aug 2000
Location: land of d(-_-)b

yeah i read that article in the paper. i guess what makes them keep working so hard in spite of having all that money in the bank is the fact that most, if not all of them, have children that they want to put through college, which we all know is really expensive these days, and at the same time they wanna save up enough for retirement. an of course theres the "keeping up with the joneses" factor that has already been mentioned.

personally i dont believe in making good money if you're not able to enjoy it, so if i had that kind of money, i'd definitely move some place alot cheaper

Old Post Aug-07-2007 06:04 
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echosystm
super wow maker



Registered: Jul 2004
Location:

whats with parents paying their kids way through college? doesnt the government have an accumulated study debt system?

Old Post Aug-10-2007 11:41  Australia
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shaolin_Z
Hei Hu Quan



Registered: Nov 2004
Location: Austin, Texas, USA: TXTA #102

Shallow materialistic capitalist whores.


___________________
"The Greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." -Stephen Hawking
"First they came for the communists, and I did not speak out— because I was not a communist;
Then they came for the socialists, and I did not speak out— because I was not a socialist;
Then they came for the trade unionists, and I did not speak out— because I was not a trade unionist;
Then they came for the Jews, and I did not speak out— because I was not a Jew;
Then they came for me— and there was no one left to speak out for me." -Martin Niemöller

Old Post Aug-10-2007 11:54  United States
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TranceAddict Forums > Other > Political Discussion / Debate > In Silicon Valley, Millionaires Who Don't Feel Rich
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