I think you can count yourself as truly rich when you can start treating money as mainly a flow. The stock-like aspect becomes more a way to keep score in wealth competitions.
Hmm. Competitive Wealthing as an Olympic sport.
Conversation
This Tweet was deleted by the Tweet author. Learn more
No because even a small crisis will have you going around trying to get stocks to recover and making bad stock decisions under duress like maxing out all credit cards
This Tweet was deleted by the Tweet author. Learn more
That might qualify. Basically a 6 months of middle class runway. I’ve experienced financial flow during the brief periods I’ve been able to sustain that kind of runway. Problem is keeping it in that zone despite income/expense volatility
This Tweet was deleted by the Tweet author. Learn more
It’s not 50k net worth. It’s 50k liquid reserves that are easily replenished after say 3-sigma volatility spikes. If it’s 50k in home equity or 401k it doesn’t count. If it’s 50k available credit on cards it doesn’t count.
