3 ms·
>the nouveau riche I'm not even sure that many are really rich. I recently read that the average net worth of a Ferrari owner is less than one million pounds a
by tonyedgecombe 5y ago
>the nouveau riche
I'm not even sure that many are really rich. I recently read that the average net worth of a Ferrari owner is less than one million pounds and that most Ferraris are financed.
Real wealth is what you don't spend.
- coldtea 5y agoReal wealth is what you get to enjoy.
- astrange 5y agoNet worth isn’t a good measure of being rich; high negative net worth means you’re rich too. All the average people are in the middle.
- lukas099 5y agoCan you explain what you mean by this?
- astrange 5y agoLow net worth includes people with $0, but also people worth negative millions because they have a lot of debt. The only way to get that much debt is if you’re rich. It’s better to look at assets excluding debt. This also shows the problem with student loan relief, which is it mostly benefits dentists.
- tonyedgecombe 5y agoNot really, wealth is usually a measure of assets rather than income. https://www.investopedia.com/terms/w/wealth.asp https://www.investopedia.com/terms/w/wealth.asp