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[quote=Anonymous][quote=Anonymous]I'm 32. Our HHI is 260K. My net worth is $1.1M.

I'm not rich.

Why not?

Both my wife and I have to work to make that number. We can't afford private school for our 3 kids - no way in a million years. We don't live off investments, nor do they even materially contribute to our income. We don't have a butler, a maid, a cook or a driver. We don't have import cars, rather two old beat up cars. If one of us got seriously sick, it would likely bankrupt us. If I lost my job we'd probably lose the house. We have to work to live. Those who are truly rich have none of these issues. [/quote]

And you are delusional.  Why can't you afford private school for your 3 kids?  And why do you have two old beat up cars?  Because you've made other expensive choices (most likely living in an expensive area in an expensive house).  If you chose to live in a less expensive community in a less expensive house, you could opt to send your three children to private school and have newer cars.  But you placed a premium on house location and possibly school district.  If you make $260K HHI, with zero deductions, you are taking home about $200K.  That's close to $16K per month.  Paying for insurance, retirement, etc, and you should still be clearly $12K per month easily.  I'm sorry, but that's rich.  The average middle class person, even in this area doesn't make that money gross let alone net after all of those expenses.  You've chosen to live in an expensive area, made expensive choices and don't have a lot of disposable income left over.  Boo hoo.   I'm sorry, but just because you spend a lot, and have very little left over doesn't mean that you aren't rich, it just means that you spend  a lot, which frankly, enforces the idea that you are rich.[/quote]

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