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[quote=Anonymous][quote=Anonymous]My weekend took me to Alabama due to a wedding and I ended up befriending a few people at the wedding and going to their homes. One couple I met is a lawyer and stay at home mom. They live in a 5000 sq ft home and drive a Lexus and an Audi. They had a live in nanny. The kicker is that their house is only worth $450k and he is a solo attorney in a suburb. Would you consider these people rich or just middle class in the right area to live a nice lifestyle? Yes I’m being materialistic and terrible thinking these things. [/quote]

Net worth, HHI, net worth with consideration for future inheritance, and actual quality of life are not the same thing. They are wealthy in that their quality of life far exceeds others. They might not be as wealthy in terms of net worth or HHI.

A lot of people who enjoy that quality of life do so comfortably, either within their means or far below. And a lot of people who enjoy that quality of life are in debt and have loans on nice cars, second mortgages, etc.

You never know what people have. I have been surprised so many times when people reveal that they bought their home in cash or had to pay for their sofa in installments. Brandon miller is an example of when wealth is a facade. [/quote]

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