Yup. There's balance sheet affluence and then there's income sheet affluence... two often orthogonal properties in most cases. On one extreme, is the cliché s

Yup. There's balance sheet affluence and then there's income sheet affluence... two often orthogonal properties in most cases. On one extreme, is the cliché stock broker: always broke despite high income... high marginal propensity to consume (MPC) combined with income sheet affluence, which does not necessarily lead to balance sheet affluence. The other extreme is that are some folks lead thrifty lives and aren't income sheet affluent by any measure, but because of prudent investing, are easily characterized as balance sheet affluent. (Example: I know a guy that has investments exceeding 7 digits that makes 40k USD/year and spends no more on average than 2 USD/day.)