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Resilient? Sure. Realistic for anyone with only $10k in assets? Not even remotely. Not in the market we have today. There are too many people who are using debt
by falcolas 2y ago
Resilient? Sure. Realistic for anyone with only $10k in assets? Not even remotely. Not in the market we have today. There are too many people who are using debt just to get their basic needs met, let alone something with enough permanence to be considered an asset.
- mym1990 2y agoWe're just using arbitrary numbers to demonstrate a point, we aren't trying to assess anyone's actual financial health.