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I think 'independently wealthy' describes that situation more clearly/less confusingly.
by falsedan 10y ago
I think 'independently wealthy' describes that situation more clearly/less confusingly.
- brokenmachine 10y agowealthy != independent. Financial independence to me is not needing to work ever again, even if I'm living quite frugally.
- falsedan 10y agoI don't understand the distinction; are there wealthy dependent people? I've run the numbers on what I'd need to not work and the total amount required would clearly put me in the 'wealthy' camp.
- brokenmachine 10y ago> are there wealthy dependent people? I would say yes. Well, maybe not dependent but not independent. Some people with large incomes are still up to their eyeballs in debt, or at least not living within their means. IMO financial independence requires living within your means until the point where you never need to work again to continue that lifestyle for the rest of your life.