...compared to the rest of the world, definitely!
Income statement vs. Balance Sheet. Earnings do not equate to wealth.
“Never had big money”
Neither have I’m thankful to have always had just enough.
The Brits obsession with us is bizarre.
It is HOW you spend your “riches” that matters.
Congress has figured that out. :)
I am Elmer J. Fudd, millionaire. I own a mansion and a yacht.
-PJ
There is a difference between being “rich” and being “wealthy”. Being rich is having a lot of money (usually from one source, think lottery winners, actors and athletics). Being wealthy is having a lot of money from a lot of different sources, usually investments, owning a business, savings).
Many people can become “rich” but few have the knowledge and skill to become “wealthy”
A lot of rich people do not remain rich once that flow of money stops.
Anyone even if they are not talented or a lottery winner can become “rich” and it is not the amount of money you make either. The secret is don’t spend more then you make, and put away a little for the future and be wise in your investments.
Credit cards are the one way to guarantee you will never be rich (unless you pay them off each month). The interest paid on the monthly balance is the money you could be saving and eventually investing.
- things I have learned over the 70 years on this earth.
Being wealthy has little or nothing to do with income.
Most wealthy people’s net worth is related to assets and capital gains, many of them file 1040s with little or no income.
I am rich in spirit.
If that's what it takes to be considered wealthy today, then at 76, almost 77, I'm poverty level.
I’m not even middle class anymore. Thanks, Brandon.
1 in 20? I find this very hard to believe.
The left loves to play the rich vs poor scam.
Rich is anyone with more money than you.
Poor is anyone with less money than you.
It’s all subjective from the point of view of the listener. That’s how socialists and communists convince the more wealthy that they are poor and have to get even with those than have more. Soon they are all equally poor.
My house and car are paid off. I’m not hungry. So I feel rich.
Read later!
keeping up
To know contentment.
Is to be rich!
I am doing ok but have seen how congress with their inflationary spending can wipe out savings in months and then it takes years to recover.
My AMD stock needs to get to $250 a share and stay there or go higher for me to feel comfortable. It came close and peaked about 6 weeks ago at $227 but is now at $157... as the FED will not act one way or another. People who never worked in a real job are the ones running the FED and congress!
Next stock will be Starlink (Elon Musk) when it is offered at the end of this year or sometime next then I will be able to buy a few things and not worry about the money.