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Then what it would it mean to not be paycheck to paycheck? If investing counts as spending, doesn’t that mean that 100% of people are living “paycheck to paych
by rco8786 4y ago
Then what it would it mean to not be paycheck to paycheck?
If investing counts as spending, doesn’t that mean that 100% of people are living “paycheck to paycheck”? You’re either spending it or you’re investing it, there’s nothing else to do with money.
- orev 4y agoMost people would define “investing” as putting money into illiquid assets, like stocks, etfs, real estate, etc. where the money cannot be used to buy things. Money sitting in a checking or savings account (even one that earns a meager interest rate) is not considered “invested”.
- rco8786 4y agook so someone who puts money in a savings account is not living paycheck-to-paycheck, but someone who puts that money into the stock market is? it makes no sense.