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Reply to "At what net worth are you considered wealthy ?"
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[quote=Anonymous][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] If your net worth is high enough, cash flow doesn't matter. You can draw indefinitely from your savings and investments.[/quote] Cash flow always matter. Net worth doesn't pay bill. Your assets may not be liquid. My neighbor owns a business. The book value of the business is about 30 millions. His net worth is high right? But his kids are starting college and he worrying about how he's gonna pay for it because they don't have enough cash on hand to cover the costs. He doesn't want to sell his business. He may have to borrow money. That's why cash flow is important. [/quote] Of course net worth can pay the bills, your friend can easily borrow for cash flow. [/quote]
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