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In Reply to: Whether I am rich or not depends on how I define rich on the test posted by Goober58 on May 7, 2021 at 11:08:55:
We seem to be in the same boat.
Early in our working careers, we were in the middle of the pack. We had conversations about having kids OR buying a house. Over the years we did better. At the very end of our careers, we were in the top 5%.
What really mattered though was 40 years of modest savings in conservative investments that slowly compounded. Yes the market goes up and down, but it doesn't wipe out people who are properly invested and diversified. And of course we all need good health insurance. Driving a BMW and skimping on health insurance could bite you in the ass.
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Follow Ups
- RE: Whether I am rich or not depends on how I define rich on the test - srdavis2000 05/7/2111:45:09 05/7/21 (9)
- Several years back I read somewhere that most millionaires drive the Ford Tauras - Goober58 12:38:23 05/7/21 (8)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - Rod M 14:40:52 05/7/21 (1)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - Inmate51 15:20:45 05/7/21 (0)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - srdavis2000 13:43:38 05/7/21 (5)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - Rod M 14:47:47 05/7/21 (1)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - srdavis2000 15:31:34 05/7/21 (0)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - Inmate51 13:57:42 05/7/21 (2)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - srdavis2000 14:19:27 05/7/21 (1)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - fantja 23:47:51 05/7/21 (0)