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Reply to "CMM: feeling “rich” has more to do with savings than income "
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[quote=Anonymous]Often you don't know what you have until you don't have it anymore. I'm a "401k millionaire" in my 40s but that doesn't make me feel rich. I just was laid off and had to switch sectors and now make much less than before in my new job. We'll be okay financially but it's different now. We can no longer shrug off an unexpected expense. Previously, if something came up and cost $2k (for example), it would be no big deal. We wouldn't even think about it. Now, we'll have to think about it, at least until I can claw my way back up. That is the opposite of rich.[/quote]
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