If you own your home, and are otherwise completely out of debt, you can live much better on far less income. Income doesn't mean much if most of it is going to

If you own your home, and are otherwise completely out of debt, you can live much better on far less income. Income doesn't mean much if most of it is going toward debt service. Anecdote: Trump had an epiphany when he realized a bum on the street was literally worth more than he was financially.