WSJ on wealth

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed Jan 19 13:21:40 PST 2000


From chuck at tao.ca Wed Jan 19 08:50:11 2000

Most of my income, after taxes, goes to paying the rent

and past debts. Those debts are mostly credit card bills

from my 20s and student loan debts.

You're wealthy, you just don't know it: you bought an education instead of buying a house or something. You have an asset; the fact that you didn't have cash to pay for it at the time is largely immaterial to this conversation.

Maybe you mean to say that a college education should be free (you might get some sympathy here); maybe you mean to say that you're bummed that you spent your 90's windfall in the 80's (if you hadn't, you could certianly buy your $60 tennis shoes); maybe you mean to say that you wish you lived in a part of the country that didn't have so many high paid people relative to what you're paid (your rent would be lower if you did).

But you're aren't saying that the phenomenon doesn't exist, are you?

/jordan



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