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The Propeller – What Does it Mean to be Rich? – 11-2-2025

Finance: Guac Recession – Chipotle’s Fall from Flavor

It’s official, Chipotle’s stock is down so bad right now, you can literally buy two burritos for the price of one share.
 


 

But here’s the kicker: those burritos? They’re starting to feel more like rice wraps with a cameo appearance from a few lonely pieces of chicken or steak. The quality has taken a nosedive, and loyal fans are noticing. What used to be a hearty, flavor-packed meal now feels like a budget airline version of your favorite burrito, all filler, no thrill.

We’re not just watching a stock dip; we’re witnessing the dawn of the Guac Recession. When the guac costs extra and the burrito barely delivers, you know something’s off.

Is this just a temporary slump or a sign of deeper issues at the once-beloved fast-casual giant? Either way, the burrito-to-stock-price ratio has never been more telling.

Do you still like eating at Chipotle?  (FYI – I prefer Qdoba Mexican Eats over Chipotle, and Guac is always included at no extra charge!)

 

Aviation: The Time I had Dinner with a Man who fell from Space

On a clear August morning in 1960, Colonel Joseph W. Kittinger stood inside a small gondola suspended beneath a massive helium balloon, 102,800 feet above the Earth, higher than any human had ever gone without a spacecraft. From that altitude, the curve of the planet stretched below him, a brilliant blue fading into the blackness of space. The air was so thin that a suit failure would have meant instant death. And yet, without hesitation, Kittinger stepped into the void, and fell.

For four minutes and 36 seconds, he plummeted through the stratosphere, reaching speeds over 600 miles per hour. He spun uncontrollably, his body twisting violently as he descended toward thicker atmosphere. Unknown to many at the time, one of his gloves had failed to pressurize properly. His right hand began to swell — grotesquely — to more than five times its normal size.

A little over 5 years ago, I had the incredible privilege of having dinner with Colonel Kittinger at the Sun’n’Fun airshow, thanks to my good friend Neil from Pilot Mall. During that dinner, Kittinger recounted the jump in vivid detail, including the harrowing moment he realized his glove had a leak. Despite the excruciating pain, he remained calm, resisting the instinct to panic. At 17,500 feet, he deployed his parachute and moments later touched down safely in the New Mexico desert, alive, triumphant, and forever changed.

That leap was part of Project Excelsior, a U.S. Air Force program born from Cold War necessity. As aircraft began flying at extreme altitudes, the military needed to know: could a pilot survive an ejection from the edge of space? Kittinger, already a seasoned test pilot, volunteered to find out. He had made two previous jumps for the program, one of which nearly killed him when a malfunctioning stabilization chute knocked him unconscious. He fell more than 80,000 feet before his automatic parachute system saved his life. Undeterred, he returned just weeks later to make the record-setting jump.

Kittinger’s courage pushed the boundaries of human endurance and aerospace science. His data helped shape the development of high-altitude ejection systems and laid the foundation for NASA’s Mercury and Gemini missions. When he landed that day, he didn’t just set records, he opened the door to space.

But his story didn’t end there. Kittinger continued to serve in the Air Force, flying 483 combat missions during the Vietnam War. On his final mission, his F-4 Phantom was shot down over North Vietnam. Captured and imprisoned in the infamous “Hanoi Hilton” for 11 months, he endured torture and isolation. Fellow POWs remembered him as a pillar of strength, the same quiet resolve that had carried him through the thin air above Earth.

In 1984, Kittinger made history again by completing the first solo balloon flight across the Atlantic — 3,543 miles from Maine to Italy, alone for 86 hours. Battling storms, fatigue, and freezing temperatures, he later said simply, “The sky is where I feel most alive.”

Even in his later years, Kittinger remained a guiding force in aerospace exploration. In 2012, he mentored Felix Baumgartner during the Red Bull Stratos project, helping him break the very record Kittinger had set decades earlier. As Baumgartner prepared to jump, Kittinger’s calm voice came over the radio, a steady presence from someone who had once stood alone at the edge of space.

Colonel Joseph Kittinger passed away in 2022 at the age of 94. He left behind more than records , he left a legacy of courage, curiosity, and service. His life was a testament to the idea that true progress often requires stepping into the unknown, not for fame, but for the benefit of others.

As he once said, “The sky is not the limit — it’s only the beginning.”

Life/Finance: What Does It Really Mean to Be Rich?

When most people hear the word “rich,” their minds jump to images of yachts slicing through turquoise waters, sprawling mansions tucked behind iron gates, and private jets waiting on the tarmac. It’s the stuff of movies, music videos, and Instagram flexes.

But here’s the reality check: in the U.S., being considered “upper class” starts at a net worth of around $800,000. And to be in the top 10%, you’re looking at about $1.5 million.

 


That’s a far cry from the billionaire lifestyle we associate with being “rich.” And yet, for many people, reaching that level of wealth would be absolutely life-changing. It could mean freedom from debt, the ability to retire early, or simply the peace of mind that comes from knowing you’re financially secure.

For others, though, even that level of wealth doesn’t feel like true security. Maybe they live in a high-cost city, have family obligations, or are navigating health challenges. Maybe they’ve seen how quickly fortunes can change. In those cases, $1.5 million might feel like a buffer—not a guarantee.

My Perspective

As someone who’s spent a lot of time thinking about money, not just how to earn it, but how to feel good about it.  I’ve come to realize that “rich” isn’t a number. It’s a perspective.

I’ve seen firsthand how someone can live a deeply fulfilling life on a modest budget. I’ve also seen how chasing more money, more status, more stuff can become a treadmill that never stops.

We often forget that wealth is relative. It’s not just about how much you have, it’s about how secure, free, and fulfilled you feel. It’s about whether your money supports your values, your health, your relationships, and your dreams.

So, What Is Rich?

Maybe “rich” is:

  • Having the time to cook a nourishing meal and share it with people you love.
  • Waking up without financial anxiety.
  • Being able to say “yes” to opportunities, or “no” to things that don’t serve you.
  • Feeling aligned with your purpose, whether that’s building a business, creating art, or simply being present for your family.


Wealth is a tool. It’s not the destination; it’s the fuel. And how far it takes you depends on where you’re trying to go.

So next time someone asks, “What does it mean to be rich?” I’ll say: it depends. But for me, it’s about freedom, fulfillment, and the ability to live life on my own terms.

Quote of the Week

“Genius is one percent inspiration and ninety-nine percent perspiration.”
Thomas Edison

 

Ideas are easy. Execution is rare. What separates dreamers from doers is the willingness to persist long after the excitement fades.

The world doesn’t reward the idea alone, it rewards the effort that brings it to life.

Work patiently. Build deliberately.

Let your sweat give shape to your spark.

With intention and optimism,

 


This is re-published from the weekly email sent by Leonard Mack entitled The Propeller.  To subscribe, visit https://www.LeonardMack.com/subscribe and read it every Sunday evening.


This intellectual nourishment is intended for informational purposes only. One should not construe anything herein as being legal, tax, investment, financial, or other advice.


My rule is this – I have no advice to give, only experience to share. I have no interest in being a guru or telling people what they should do. Rather, I share my own experience because there is no right or wrong. Your mileage may vary.