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rules:resources
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rules:resources [2016/01/28 23:11] Brend created |
rules:resources [2016/01/28 23:14] (current) Brend |
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| ====== Resources ====== | ====== Resources ====== | ||
| - | An extension of [[rules:start#Resources]], into the 6+ range. This page contains a text for the [[#Resources Background]], a more extensive [[#Sketch of Ratings]] and their associated style of life, and a little bit of [[#Perspective of Money]]. | + | Despite the historical use of the Deutsche Mark in 1991 Berlin, we will use the Euro currency. To allow for simpler estimations of the worth of money, we have corrected the amounts mentioned in the Resources background. This correction takes into account the publication date of the source book (1998), corrects for changes in purchasing power over the years (including inflation) and converts the amounts from USD to EUR. |
| - | This proposal would have been much more difficult without the insightful [[https://www.reddit.com/r/AskReddit/comments/2s9u0s/what_do_insanely_wealthy_people_buy_that_ordinary/cnnmca8|What do insanely wealthy people buy, that ordinary people know nothing about?]] post, which sets out categories of wealth. | + | Furthermore, we have also extrapolated these ratings into the 6+ range. The resource rating and descriptions below sketch a style of life. The noted allowances for all ratings are "spending" money that is available for things beyond the indicated style of life. |
| - | + | See also the more extensive [[rules:resources#Sketch of Ratings]] and their associated style of life, and a little bit of [[rules:resources#Perspective of Money]]. | |
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| - | ===== Resources Background ===== | + | |
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| - | The resource rating and descriptions below sketch a style of life. The noted allowances for all ratings are "spending" money that is available for things beyond the indicated style of life. | + | |
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| ===== Sketch of ratings ===== | ===== Sketch of ratings ===== | ||
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| + | This proposal would have been much more difficult without the insightful [[https://www.reddit.com/r/AskReddit/comments/2s9u0s/what_do_insanely_wealthy_people_buy_that_ordinary/cnnmca8|What do insanely wealthy people buy, that ordinary people know nothing about?]] post, which sets out categories of wealth. Based on those categories, we sketch the following styles of life: | ||
| **Resources :5: (worth $10mm-$30mm)** (liquid, exclusive of value of primary residence). At this level, your needs are met. You can live very comfortably at a 4-star/5-star level. You can book a $2000 suite for a special occassion. You can fly first class internationally (sometimes). You have a very nice house, you can afford any healthcare you need, no emergency financial situation can destroy your life. But you are not "rich" in the way that money doesn't matter. You still have to be prudent and careful with most decisions unless you are on the upper end of this scale, where you truly are becoming insulated from personal financial stress. (Business stress exists at all levels). The banking world still doesn't classify you as 'ultra high net worth' | **Resources :5: (worth $10mm-$30mm)** (liquid, exclusive of value of primary residence). At this level, your needs are met. You can live very comfortably at a 4-star/5-star level. You can book a $2000 suite for a special occassion. You can fly first class internationally (sometimes). You have a very nice house, you can afford any healthcare you need, no emergency financial situation can destroy your life. But you are not "rich" in the way that money doesn't matter. You still have to be prudent and careful with most decisions unless you are on the upper end of this scale, where you truly are becoming insulated from personal financial stress. (Business stress exists at all levels). The banking world still doesn't classify you as 'ultra high net worth' | ||
rules/resources.1454019098.txt.gz · Last modified: 2016/01/28 23:11 by Brend
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