Frugality by current standards or by billionaire standards?

Mar 19, 2023
10:26:06am

vagabonder Truly Addicted User

You bet your butt I'll upgrade my house and get new cars. Wearing shoes for years would be out too. I wouldn't buy a fleet of lambos or a yacht and probably wouldn't trade in my wife for a newer model though.

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vagabonder

Bio page: vagabonder
Joined: Dec 15, 2016
Last login: May 4, 2024
Total posts: 14,906 (28 FO)

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Messages

Author

Time

POLL: If you had a billion dollars, would you practice any level of frugality?

Heath Squashwell

3/19/23 10:05am

Maybe with respect to charitable contributions

Non-mo Coug

3/19/23 10:06am

Moderation in all things. Especially charitable giving.

ArcticKat

3/19/23 10:47am

Of course. Big purchases (or tons of small purchases) could wipe that out in not

BlooCoog

3/19/23 10:07am

Unless you are buying private jets and yachts

cougarbart

3/19/23 10:08am

Even if you’re buying private jets and yachts you’re not killing nearly a $B

pink22

3/19/23 10:11am

Agreed but those are the only items that could make a serious dent

cougarbart

3/19/23 10:15am

If you aren't, then you're practicing some level of frugality

El Jefe

3/19/23 10:16am

And private islands

tony

3/19/23 1:18pm

Not too long?? A billion dollars?

pink22

3/19/23 10:09am

Maybe he’s forgetting a few zeroes

maxpowers

3/19/23 10:10am

Lots of huge purchases and investments a person could make. Do some

BlooCoog

3/19/23 11:39am

Live off $100M/yr in interest?

rivercitycoug

3/19/23 10:32am

Yes. Have an awesome life. Give a bunch of it away to people who need it more

BlooCoog

3/19/23 11:16am

it would be pretty hard to even spend the interest on a billion - that's millions of dollars a week.

dryflyelk

3/19/23 10:37am

I think we’ll be judged in the afterlife to a degree on how we spent our money.

cmoney

3/19/23 10:09am

Luke 18:25 agrees, but the "woke" parts of scripture are better left ignored.

vagabonder

3/19/23 10:13am

Difference between helping someone out of your heart vs being forced to help

jrifkin48

3/19/23 10:19am

Thanks, I had forgotten about Luke 18:26.

vagabonder

3/19/23 10:27am

Looks at the recent SEC case. 😬

Bad Plus Fan

3/19/23 10:27am

It depends on what you mean by frugality

webster242

3/19/23 10:09am

This. Frugality benchmark changes

insanobueno

3/19/23 10:23am

Yeah, on a scale of 100 I’d probably be a 2 or 3

cougaman

3/19/23 10:12am

Dude a half of one percent is 5 million a year to live off of. Investing the principal at that level you're

DJROSS

3/19/23 10:18am

The sum result of frugality would change. For example a new Cadillac does not

Cheap Seats

3/19/23 10:20am

Frugality by current standards or by billionaire standards?

vagabonder

3/19/23 10:26am

I’m sure your wife is happy you probably wouldn’t trade her 😂

Heath Squashwell

3/19/23 10:50am

Happy now or happy if I had a billion dollars?

vagabonder

3/19/23 11:24am

I’d be “frugal” enough to hopefully not encourage my kids to grow up to be

maxpowers

3/19/23 10:29am

RE: POLL: If you had a billion dollars, would you practice any level of

ballen

3/19/23 10:29am

Shoot for 2.5% return.

JohnnyC

3/19/23 10:52am

It would be impossible to spend that kind of money without giving it away

GA_Coug

3/19/23 12:36pm

Did I get in my twenties or my forties?

KCFan85

3/19/23 11:11am

Frugality means different things at different income levels.

Bradleyd16

3/19/23 1:57pm

Asking for a friend?

VenomFarmer

3/19/23 2:35pm

yeah, old habits die hard

qwerew

3/19/23 6:35pm

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