The pseudo-affluent: If you look rich, you probably aren't - Deepstash

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The pseudo-affluent: If you look rich, you probably aren't

thinksaveretire.com

The wealthy

Most rich people do not flaunt their wealth: They don't live in high-class neighborhoods or drive expensive cars. They look like you and me.

The rich have a net worth of above $1 million. Most rich people got wealthy through a simple combination of earning an income,

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They buy things that convey success. They want you to know just how much stuff they have by showing off their success.

The pseudo-affluent feel insecure about how they compare with the Joneses and the Smiths. They hold on to the belief that all economically successful peop...

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The pseudo-affluent generally:

  • They earn a high-income, but spend the majority of what they make.
  • Wear expensive suits or carry expensive purses.
  • Drive high-end luxury or sports cars.
  • Really believe that rich people act rich.

It does not mean ...

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Your neighbor might be secretly wealthy if:

  • They have an above-average understanding of finances: They may not be concerned about the looming recession, but calmly take about general atmosphere data points.
  • They read: The space in their home...

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  • You pay yourself first. You fund your retirement accounts before you pay anyone else.
  • You live in a reasonably-sized house.
  • You understand good debt vs. bad debt.
  • You live a sensible lifestyle that's withi...

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