12/22/2023 0 Comments Upper middle class![]() The FUMCPWCDJ&RPF will never carry over credit card balances. Just think of that electricity meter that can just go down to nothing now. Just one of the several things that lazy people like us dream of doing. We’ve been talking about self-installing solar panels like MMM but never got around to it. There’s almost a chicken or egg thing happening. The large majority of those who are part of FI community fits the description and lifestyle to a tee. Naturally, Financial Independence / Retiring Early is one of the hallmarks of FUMCPWCDJ&RPF. You have drawn up outlines and/or blueprints that entails the amount, time remaining and at least one kind of side hustle that generates income (passive or otherwise) for life post-FIRE. If you have LESS than 3 of these things as part of your lifestyle then you are not a FUMCPWCDJ&RPF yet and you can’t sit with us. Here are some of the status symbols that FUMCPWCDJ&RPF carry. The FUMCPWCDJ&RPF status symbols are separated off from the modest 2 car-owning household of the solidly middle-class who has HBO cable and the private islands of the mega-rich. Status Symbols of Upper Middle Class “FUMCPWCDJ&RPF” People Like many other forums much like MMM and Bogleheads there is a hivemind effect of sorts. If not exactly that, we have more in common with each other than not. What the no, then by definition those are the two things that don’t mix!įrugality is as good as any status to hold and everything frugal people do is backed up by a symbol of their belief.Ĭontrary to common misconceptions, frugal people will naturally have their own forms of bravado too.Īfter about 8 months of embedding myself within the Rockstar’s personal finance community, hovering like a spy, pretending to be cool, I have come to realize that we’re almost all FUMCPWCDJ&RPF. Hubby and I were at a restaurant once and the guy sitting next to us pulled out what looked to be the Centurion card and I rubbernecked myself to see if it was. For the personal card, the spent bar minimum is set around $350,000 across all your Amex accounts in a calendar year. There’s no official requirement for Centurion eligibility, but we’re talking big bucks. You can only be invited to apply into this exclusive Amex card club and no one knows Amex’s exact criteria. The fanciest credit card in man’s creation. The price tag on them is pretty outrageous too. Not to be confused with oversized, overproduced McMansions, t hese mansions were designed by real architects with thought and form abound. They have an 8+ figure net worth and their annualized portfolio returns can feed a medium-sized Latin American city until the sun burns out. “A possession to indicate a person’s wealth and/or class.”įor status symbols of the Mega-Rich, w e’re talking about the Nicolas Cages of the world. “Choosing to live on less of the total allotted resourced.” Not only did FUMCPWCDJ&RPF have the privilege of coming in at the right income scale, they developed the right mindset towards personal finance. Their savings rate is leaps and bounds higher than the average American hovering a savings rate of around 5% at best. What separates them from the other white-collar desk jobs drones is the fact that they are frugal. These frugal fighters are educated and employed in stable white-collar desk jobs either as engineers, doctors or financial analysts etc. Plus, doesn’t Frugal Upper Middle-Class People With Comfortable Day Jobs & Reads Personal Finance ( FUMCPWCDJ&RPF) just roll off the tongue?! That was the original title but WordPress thought my working title was too long for SEO.īut I didn’t have a better name. ‘The 13 Status Symbols of Frugal Upper Middle- Class People With Comfortable Day Jobs & Reads Personal Finance’
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