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Money and Finances
Reply to "Rich v Affluent"
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[quote=Anonymous][quote=Anonymous]Rich is net worth. Income certainly can be conducive to net worth, but it is not the same as net worth. Don't talk to me about incomes and 'rich.' Rich is assets.[/quote] This brings us to the great trouble underlying the conversation -- financial planning and expectations. Many people in the 80 to 99.5 income bracket may like they are on treadmill because they are spending most of the their incomes. Being on a treadmill doesn't make you middle class. However, it does put you in a precarious position. Although there are many expenditures that feel justifiable and are, in fact, very nice, the fact is that a lot of us are trading our ability to be debt-free or to build actual wealth ... despite the fact that many of us make more than almost everyone else in the country or even in our high-cost region. This is a larger, cultural problem. I know I'm at least partway captive to it. [/quote]
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