4 ms·
You aren't wrong, not entirely at least. For instance, a person can be of very little means monetarily; but have great wealth in the stuff they hold due to its
by sjmm1989 5y ago
You aren't wrong, not entirely at least. For instance, a person can be of very little means monetarily; but have great wealth in the stuff they hold due to its liquid wealth and inherent value.
For instance, I am by all means of the definition living in poverty right now; but I also have much more than even some middle class folk might have depending on their life style.
So poor is relative mostly to the compared 'true wealth' of each other person.
You might only make 1200 a month, but you own a house. Or you might only make 2k a month, but you have a vehicle and house and many luxury items with in it.
By our current standards if you made those amounts, you would be considered poor, like me. BUT, you will still be richer than someone who gets that same amount of money from some stipend, but without any where to live and all those basic things that should be an uncontested human right.
So again. It's all relative to the situation at hand.
If I sold everything I have and went back to just a laptop with bag, a duffle bag of clothes, a back pack full of my 'stuff', and a blow up mattress; I would have maybe 10k total in my account to reuse as a nest egg.
And that's if I don't get ripped off by everyone and their mother.
So one last time. Wealth, is relative.