Quote:
Originally Posted by Sliver
It's statistically a high income, but a high income doesn't make you rich.
Growing a net worth on $200k per year takes more discipline than a lot of people have. That's why rich should be defined based on net worth. Defining rich based on net worth also takes into account familial money that can dictate a person's level of 'richness' better than their income.
There can be high-income people that are underachievers of wealth and low-income people with high net worths due to their discipline and/or the socio-economic position of their family.
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If they're underachievers of wealth, that just makes them idiots. Not poor.
Poor people also underachieve at wealth, but we just call that life.