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These seem more like levels of income than wealth (hint, the three levels are not worrying about debt/dinner bills/vacation costs). Wealth is the ability to ge
by paulsutter 8y ago
These seem more like levels of income than wealth (hint, the three levels are not worrying about debt/dinner bills/vacation costs).
Wealth is the ability to generate such income levels passively (having control over your time).
- italicbold 8y agoAgreed, I spend about 95% of my earnings every month and dont worry about any of these. I live a privileged life yet I have only accumulated $80,000 in assets over the years which puts me in the lowest 40 to 59th percentile and below the average americans net worth of 100k.
- jonknee 8y ago> I spend about 95% of my earnings every month > I live a privileged life yet I have only accumulated $80,000 in assets Maybe you should save more? Even just spending 90% would make a huge difference and then you can continue to live a privileged life forever.