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To me, "wealthy" means you can stop working at any time and maintain your desired lifestyle without worrying about money. Doesn't mean that you have to, but ha
by turtlebits 5y ago
To me, "wealthy" means you can stop working at any time and maintain your desired lifestyle without worrying about money.
Doesn't mean that you have to, but having that freedom of choice is huge.
- alistairSH 5y agoYeah, rich vs wealthy. Rich = have a lot of money. Wealthy = have enough money to live off the interest/earnings, pay somebody else to manage it, etc. All wealthy people are rich. Most rich people are not wealthy. Does having a few million tied up in a 401k make somebody rich? Yes. Does it make them wealthy? No. It makes them a successful, but not exceptional, middle-aged professional.