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.
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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
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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
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You misunderstood. I meant a net worth of 50k is not sufficient, not that having liquid 50k does not count as net worth. That 50k will behave differently depending on how much more non-liquid net worth backs it up.
