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Old 12-19-2020, 12:09 AM   #56
peter12
Self Imposed Retirement
 
Join Date: Jul 2002
Exp:
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Quote:
Originally Posted by fulham View Post
Having cash and being worth a lot (and spending a lot) are different things.

My grandpa is a first gen immigrant worth over 2 billion dollars. He drove a 1993 4 runner and lives in a bungalow in west vancouver. He legitimately only shopped at winners/walmart his entire life.


my father is worth 500 million as he owns 25% of the family company. He spends a lot and lives a "rich lifestyle" but not more sow than any premier Calgary flame player. Aka a vacation house and lots of toys.


Im technically worth a lot via shares in my family company. I cant sell them; we dont pay out a dividend and I make 60K a year working in tech, with 90K in debt due to a injury I sustained in the US(with no insurance).

Net worth/Cash/Access to funds are different things.
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