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Reply to "At what net worth are you considered wealthy ?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It depends on the assets. Net worth doesn’t make you wealthy. Cash flow makes you wealthy. Cash flow is more important than net worth. [/quote] Not if it’s flowing out as fast as it’s flowing in. Wealth is what you have coming in, even if you don’t get out of bed in the morning. Another form of this can be a paid off house, because that represents cash flow that’s NOT going out every month in mortgage or rent. Call it imputed rent, if you’re Fancy Nancy.[/quote] Net worth is what makes you rich. You can translate high net worth to cash flow, it takes time to do the reverse.[/quote]
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