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Reply to "Is 300k the new 100k? At what HHI does one "make it"?"
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[quote=Anonymous]You don't make it based on household income. Spending it all away doesn't make you "Wealthy". That is to say a HHI of 300k, but only saves 30k a year is pretty bad. You make it based off passive income, otherwise you are just a wage slave. If you have 2-5million in investment accounts that pay dividends with 8-20% effective yield (due to the magic of compounding over 20-30 years), you are doing outstanding.[/quote]
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