If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.

  • AA5B@lemmy.world
    link
    fedilink
    arrow-up
    1
    arrow-down
    2
    ·
    edit-2
    19 hours ago

    That’s a bit of an edge case but why not? If they earn enough to live the way they want, are secure from immediate financial catastrophe, and can afford some luxuries, then maybe they are wealthy, despite being subsistence

    Meanwhile someone can earn a nice fat six figure salary but be over mortgaged for house and car, not living comfortably, and paycheck to paycheck on the edge of financial disaster. They’re poor, despite it being by their poor choices

    Wealth is freedom from want and financial anxiety