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	<title>Comments on: Fortune Magazine&#8217;s So Called HENRYs are Getting It All Wrong</title>
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		<title>By: LaughOutLoud</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-45534</link>
		<dc:creator>LaughOutLoud</dc:creator>
		<pubDate>Thu, 23 Jun 2011 13:53:16 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-45534</guid>
		<description>My perspective:

From the outside looking in (the perspective of 95% of these posts) you just don&#039;t understand what it is like to take out a million dollar business loan, put a second mortgage on a MODEST house, work 80 hours a week because you have a FAMILY and 44 employees counting on YOU, and then... AFTER 12 YEARS OF WORKING YOUR A$$ OFF, pay that loan off, buy that big house, put your kids in private school, take them on a EUROPE vacation that blows their minds, and provide them 100000 TIMES MORE than you or your wife ever had growing up.   The last few years have been the most fulfilling and rejuvenating of my life, even with a modest 60 hrs a week of work (early riser).

America was great because people used to get up and go to work, and then make it great.  Like me.   It was my risk, it was my a$$, and it was my hard work that bought that house and car.  And you wonder why people like me don&#039;t care what other people think -- it&#039;s because we heard it when we applied for that loan, heard it when we missed that sale, and heard it when we walked onto the car lot to buy that new car... &quot;You can&#039;t do that&quot;.

Guess what - I did.  And if I listened to the thousand morons who would rather tell me why I couldn&#039;t nail it -- I&#039;d be sitting where you are, in that Starbucks on free WiFi, complaining that some guy in a porsche just walked in with an ugly shirt on.  

I&#039;m the one laughing out loud.  Enjoy your starbucks.</description>
		<content:encoded><![CDATA[<p>My perspective:</p>
<p>From the outside looking in (the perspective of 95% of these posts) you just don&#8217;t understand what it is like to take out a million dollar business loan, put a second mortgage on a MODEST house, work 80 hours a week because you have a FAMILY and 44 employees counting on YOU, and then&#8230; AFTER 12 YEARS OF WORKING YOUR A$$ OFF, pay that loan off, buy that big house, put your kids in private school, take them on a EUROPE vacation that blows their minds, and provide them 100000 TIMES MORE than you or your wife ever had growing up.   The last few years have been the most fulfilling and rejuvenating of my life, even with a modest 60 hrs a week of work (early riser).</p>
<p>America was great because people used to get up and go to work, and then make it great.  Like me.   It was my risk, it was my a$$, and it was my hard work that bought that house and car.  And you wonder why people like me don&#8217;t care what other people think &#8212; it&#8217;s because we heard it when we applied for that loan, heard it when we missed that sale, and heard it when we walked onto the car lot to buy that new car&#8230; &#8220;You can&#8217;t do that&#8221;.</p>
<p>Guess what &#8211; I did.  And if I listened to the thousand morons who would rather tell me why I couldn&#8217;t nail it &#8212; I&#8217;d be sitting where you are, in that Starbucks on free WiFi, complaining that some guy in a porsche just walked in with an ugly shirt on.  </p>
<p>I&#8217;m the one laughing out loud.  Enjoy your starbucks.</p>
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		<title>By: NON-HENRY</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-30628</link>
		<dc:creator>NON-HENRY</dc:creator>
		<pubDate>Wed, 15 Sep 2010 15:10:28 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-30628</guid>
		<description>Andrea-
Yes, I AM defending the HENRYs, not the RICH. (HENRY = HIgh Earner, NOT RICH Yet.) I appreciate the contribution of hard work and, God forbid, EMPLOYMENT. You want a better financial situation? GET OUT THERE AND EARN IT; LIKE I AM, LIKE THEY DID. Go to college. Get a Degree. Serve in the Armed Forces. Get a job worthy of your skill/trade/craft.I did ALL four of the afoementioned; in a slightly different order.  If I can, ANYONE can. By the way; THIS is why I&#039;m tired of people complaining.</description>
		<content:encoded><![CDATA[<p>Andrea-<br />
Yes, I AM defending the HENRYs, not the RICH. (HENRY = HIgh Earner, NOT RICH Yet.) I appreciate the contribution of hard work and, God forbid, EMPLOYMENT. You want a better financial situation? GET OUT THERE AND EARN IT; LIKE I AM, LIKE THEY DID. Go to college. Get a Degree. Serve in the Armed Forces. Get a job worthy of your skill/trade/craft.I did ALL four of the afoementioned; in a slightly different order.  If I can, ANYONE can. By the way; THIS is why I&#8217;m tired of people complaining.</p>
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		<title>By: Andrea</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-30417</link>
		<dc:creator>Andrea</dc:creator>
		<pubDate>Thu, 09 Sep 2010 04:08:04 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-30417</guid>
		<description>Oh for heaven&#039;s sake. I&#039;m so tired of the non-rich defending the rich.</description>
		<content:encoded><![CDATA[<p>Oh for heaven&#8217;s sake. I&#8217;m so tired of the non-rich defending the rich.</p>
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		<title>By: NON-HENRY</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-30404</link>
		<dc:creator>NON-HENRY</dc:creator>
		<pubDate>Wed, 08 Sep 2010 22:05:22 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-30404</guid>
		<description>I see...  

So what happens to those &quot;Hard working, lucky&quot; earners that are, yet again, taxed heavily? All we will be doing is hitting at the heart of most businesses; primarily small and medium-sied ones at that. By the way, those businesses make up a LARGE percentage of the economy. 

Here&#039;s a novel idea... STOP EXCESSIVE GOVERMENT SPENDING. STOP THE 99 WEEK UNEMPLOYMENT EXTENSIONS. We have already spent close to a trillion dollars, and are about to pass ANOTHER $350 BILLION. 

.?.?.

America will wake up out of the slumber because of necessity; aka no more free money. They will find more work; they will get different jobs based upon the economy. THEY WILL DO WHAT IT TAKES TO MAKE THEIR FAMILIES SURVIVE AND DO SO WITH INNOVATION, JUST AS AMERICA ALWAYS HAS. Where is it written in the Constitution that we should be given credits/gov&#039;t rebates/BRIBES to buy houses and cars that we already cannot afford? (Yep; HENRY&#039;s can&#039;t afford them either; especially with the new Obama-Care). 

Although I am NOT a HENRY as of yet; we (and I AM going to incude myself in that group, nonetheless) work VERY HARD for our earnings. We went to school, served our great nation, have mouthes to feed/clothe, and/or made a great gamble with our lives to get our great reward. Let&#039;s find another scape-goat, not the backbone of the economy.

...In other words, FORBES HIT THE NAIL ON THE HEAD.</description>
		<content:encoded><![CDATA[<p>I see&#8230;  </p>
<p>So what happens to those &#8220;Hard working, lucky&#8221; earners that are, yet again, taxed heavily? All we will be doing is hitting at the heart of most businesses; primarily small and medium-sied ones at that. By the way, those businesses make up a LARGE percentage of the economy. </p>
<p>Here&#8217;s a novel idea&#8230; STOP EXCESSIVE GOVERMENT SPENDING. STOP THE 99 WEEK UNEMPLOYMENT EXTENSIONS. We have already spent close to a trillion dollars, and are about to pass ANOTHER $350 BILLION. </p>
<p>.?.?.</p>
<p>America will wake up out of the slumber because of necessity; aka no more free money. They will find more work; they will get different jobs based upon the economy. THEY WILL DO WHAT IT TAKES TO MAKE THEIR FAMILIES SURVIVE AND DO SO WITH INNOVATION, JUST AS AMERICA ALWAYS HAS. Where is it written in the Constitution that we should be given credits/gov&#8217;t rebates/BRIBES to buy houses and cars that we already cannot afford? (Yep; HENRY&#8217;s can&#8217;t afford them either; especially with the new Obama-Care). </p>
<p>Although I am NOT a HENRY as of yet; we (and I AM going to incude myself in that group, nonetheless) work VERY HARD for our earnings. We went to school, served our great nation, have mouthes to feed/clothe, and/or made a great gamble with our lives to get our great reward. Let&#8217;s find another scape-goat, not the backbone of the economy.</p>
<p>&#8230;In other words, FORBES HIT THE NAIL ON THE HEAD.</p>
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		<title>By: Perspective</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-26526</link>
		<dc:creator>Perspective</dc:creator>
		<pubDate>Wed, 19 May 2010 17:54:01 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-26526</guid>
		<description>My wife and I are classic HENRYs.  We&#039;re both attorneys in our 30s, no kids, and a household income near $300k.  Sounds great, huh?  Aren&#039;t we rich?  Well, no actually, we have a negative net worth.  We hope to be rich someday, but we’d like tax policy not to treat us rich now, because we’re not.

We have nearly $200k in student loans combined.  We are both from divorced below-middle-income families, so we had to work and borrow to get through undergrad and law school.  

We live in Orange County, CA and therefore have a nearly $600k mortgage on a townhouse.  

Our net worth today, is probably around -$100k, yet Obama and democrats want to tax us as if we’re rich living some grand lifestyle.

I’m not complaining – just trying to place things in perspective when we start talking about progressivity of the tax code.  I support a progressive tax code, just less progressive then the current one, and I support an aggressive estate tax.  That’s the only way to truly collect fair taxes on people who are really rich – as defined by their balance sheets and not their income statements.</description>
		<content:encoded><![CDATA[<p>My wife and I are classic HENRYs.  We&#8217;re both attorneys in our 30s, no kids, and a household income near $300k.  Sounds great, huh?  Aren&#8217;t we rich?  Well, no actually, we have a negative net worth.  We hope to be rich someday, but we’d like tax policy not to treat us rich now, because we’re not.</p>
<p>We have nearly $200k in student loans combined.  We are both from divorced below-middle-income families, so we had to work and borrow to get through undergrad and law school.  </p>
<p>We live in Orange County, CA and therefore have a nearly $600k mortgage on a townhouse.  </p>
<p>Our net worth today, is probably around -$100k, yet Obama and democrats want to tax us as if we’re rich living some grand lifestyle.</p>
<p>I’m not complaining – just trying to place things in perspective when we start talking about progressivity of the tax code.  I support a progressive tax code, just less progressive then the current one, and I support an aggressive estate tax.  That’s the only way to truly collect fair taxes on people who are really rich – as defined by their balance sheets and not their income statements.</p>
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		<title>By: Abby</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-12946</link>
		<dc:creator>Abby</dc:creator>
		<pubDate>Mon, 12 Jan 2009 01:12:04 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-12946</guid>
		<description>It seems like a logical fallacy to say &quot;I went to public school and came out fine&quot; as an argument to public schools being adequate. A great number of them aren&#039;t. I was fortunate enough to attend one of the top public high schools in the nation (beating out even many private schools), but I know for a fact that I was one of the lucky few. Even then, the sheer cost of living in the district was comparable, if not higher than the tuition of many private schools elsewhere. Choosing to live there was not a luxury-- my parents saw it as a necessary investment.

For those living in poorer neighborhoods, the public education system is simply not cutting it and private school may very well appear to be a necessity in these areas for parents who value education and self-enrichment. It&#039;s a sad state of affairs when taxpayers feel that an education system they&#039;re paying for is not up to snuff, so they feel that they must shell out more money for a private education.</description>
		<content:encoded><![CDATA[<p>It seems like a logical fallacy to say &#8220;I went to public school and came out fine&#8221; as an argument to public schools being adequate. A great number of them aren&#8217;t. I was fortunate enough to attend one of the top public high schools in the nation (beating out even many private schools), but I know for a fact that I was one of the lucky few. Even then, the sheer cost of living in the district was comparable, if not higher than the tuition of many private schools elsewhere. Choosing to live there was not a luxury&#8211; my parents saw it as a necessary investment.</p>
<p>For those living in poorer neighborhoods, the public education system is simply not cutting it and private school may very well appear to be a necessity in these areas for parents who value education and self-enrichment. It&#8217;s a sad state of affairs when taxpayers feel that an education system they&#8217;re paying for is not up to snuff, so they feel that they must shell out more money for a private education.</p>
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		<title>By: Steve C @ MyWifeQuitHerJob.com</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11639</link>
		<dc:creator>Steve C @ MyWifeQuitHerJob.com</dc:creator>
		<pubDate>Mon, 10 Nov 2008 01:08:03 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11639</guid>
		<description>I went to public school also and came out fine but it seems as though the schools in California aren&#039;t as good as in Maryland where I grew up.  Here in the bay area, you either have to shell out a million bucks for a house in a good school district or you go to private school.  Many people opt for the latter.  I don&#039;t consider private school a discretionary expense in this case.</description>
		<content:encoded><![CDATA[<p>I went to public school also and came out fine but it seems as though the schools in California aren&#8217;t as good as in Maryland where I grew up.  Here in the bay area, you either have to shell out a million bucks for a house in a good school district or you go to private school.  Many people opt for the latter.  I don&#8217;t consider private school a discretionary expense in this case.</p>
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		<title>By: Jon Kepler</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11622</link>
		<dc:creator>Jon Kepler</dc:creator>
		<pubDate>Sat, 08 Nov 2008 23:30:38 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11622</guid>
		<description>Matthew, I wouldn&#039;t necessarily say that Obama is more right wing than Stephen Harper (who I support, by the way).

I think a lot of people are also missing one of the downsides to being a HENRY as opposed to actually rich:  your income can still go to zero.  When you&#039;re rich, the assumption is that you&#039;re almost untouchable.  HENRYs still worry about unemployment, heath care bills, and more.</description>
		<content:encoded><![CDATA[<p>Matthew, I wouldn&#8217;t necessarily say that Obama is more right wing than Stephen Harper (who I support, by the way).</p>
<p>I think a lot of people are also missing one of the downsides to being a HENRY as opposed to actually rich:  your income can still go to zero.  When you&#8217;re rich, the assumption is that you&#8217;re almost untouchable.  HENRYs still worry about unemployment, heath care bills, and more.</p>
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		<title>By: Henry Wannabe</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11617</link>
		<dc:creator>Henry Wannabe</dc:creator>
		<pubDate>Sat, 08 Nov 2008 07:22:30 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11617</guid>
		<description>I almost wept reading about those poor, targeted HENRYs in our country.  It’s GOT to be pretty tough for them to make ends meet, what with all the private school tuition and socking away a mere $4,000 per month in their retirement accounts on top of the nearly $1,000 per month children’s college fund.

I mean, it’s just not right that they have to “starve themselves of luxuries” as the article pointed out.  That’s just so….what’s the word?.....CRUEL.

Oh those poor, poor, poor souls (figuratively poor, that is).  And the terrible plight of that Selden family…it breaks my heart.  They’re just two doctors trying to scratch out a modest living in a super-modest $750,000 home in the Charlotte suburbs and they have to….I can barely finish this sentence through my tears….that poor family (figuratively poor, that is) has to postpone their “pet project” to expand their playroom.

My GOD, what has this world come to when a family of two doctors with a small playroom can’t even make it bigger when they want to?.?.  They have to WAIT..  WAIT, I tell you.  Ohhhh, the inhumanity of it all.</description>
		<content:encoded><![CDATA[<p>I almost wept reading about those poor, targeted HENRYs in our country.  It’s GOT to be pretty tough for them to make ends meet, what with all the private school tuition and socking away a mere $4,000 per month in their retirement accounts on top of the nearly $1,000 per month children’s college fund.</p>
<p>I mean, it’s just not right that they have to “starve themselves of luxuries” as the article pointed out.  That’s just so….what’s the word?&#8230;..CRUEL.</p>
<p>Oh those poor, poor, poor souls (figuratively poor, that is).  And the terrible plight of that Selden family…it breaks my heart.  They’re just two doctors trying to scratch out a modest living in a super-modest $750,000 home in the Charlotte suburbs and they have to….I can barely finish this sentence through my tears….that poor family (figuratively poor, that is) has to postpone their “pet project” to expand their playroom.</p>
<p>My GOD, what has this world come to when a family of two doctors with a small playroom can’t even make it bigger when they want to?.?.  They have to WAIT..  WAIT, I tell you.  Ohhhh, the inhumanity of it all.</p>
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		<title>By: Rick Vaughn</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11614</link>
		<dc:creator>Rick Vaughn</dc:creator>
		<pubDate>Sat, 08 Nov 2008 04:33:33 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11614</guid>
		<description>Well if you are HENRY and not rich yet you certainly have no room to complain. Then again it&#039;s all relative. I personally do not agree with this &quot;Robin Hood&quot; principle being thrown around. No one should ever be penalized for being successful. Good post Ning.</description>
		<content:encoded><![CDATA[<p>Well if you are HENRY and not rich yet you certainly have no room to complain. Then again it&#8217;s all relative. I personally do not agree with this &#8220;Robin Hood&#8221; principle being thrown around. No one should ever be penalized for being successful. Good post Ning.</p>
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