Quote from: RE on May 16, 2025, 03:18 AMThis gets us back to the question of whether having a 7 figure net worth makes you rich in today's wotld.

Sure, my use of 7 figures net worth was semi-arbitrary because once upon a time, being a MILLIONAIRE was a big deal. Most of us being geriatrics, most of us probably understand the frame of reference.

Quote from: RENow, not being in the class of the filthy rich doesn't mean you're poor or even middle class.  That's more an income driven thing than a net worth thing.  These days to qualify for the 1% on Income, it's around $220K/yr I think.

Is that all it takes? Seems like 2 early career professionals could pull that off.

Quote from: REKdog definitely does not get near that number. 

Of course not. It sounds like for someone with a high net worth, he is cash poor, with his stories of employment and being unhappy with the cost of his coffee and danish compared to his wages. Although, $20G's for a new heat pump? So he can be environmentally friendly? Seems like a bit of disconnect between those two.

Quote from: REYou probably surpass it.  Between his SS and suplemental employment earnings, K-dog is middle class.

In terms of cash flow, sure. But I have been specific about using a net worth metric, as opposed to cash income generated from being a working man. Todays working man, as K-Dog has demonstrated, can certainly find themselves in a higher level of net worth, depending on the time and dollars they had to invest and save. Although he has also mentioned preferring low but safer return investments.

I have been a bit more aggressive in my investing since I began, with occasional reversals. Like April/May 2008  ( a win!) and 2011 (a lose) and Valentines Day 2025 (so far a win!).

Quote from: REMonsta is middle class and Knarf and I are poor.  No filthy rich Diners at this time I am aware of.
RE

Your status I am aware of, from your own postings. I have no opinion and recall no Monsta stories related to the topic. At the Spartanburg SUN grand rollout he looked to be a nice young man, he was sitting with David closer to the tent when you and I were talking.

This is an interesting topic as well. Because I have never in my life cared about net worth. Or todays paycheck. Work hard, work smart, invest along the way,maybe you win, maybe you die of cancer at age 30. It's all a crapshoot.

Smoke'im while you got'im.