Learn more about moneyandinvestments with this collection
The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
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, saving for retirement, and spending wisely.
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4.17K reads
MORE IDEAS ON THIS
Characteristics of the pseudo-affluent
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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2.99K reads
The secretly wealthy
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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2.12K reads
The pseudo-affluent
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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3.5K reads
You might be affluent if:
- 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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2.97K reads
CURATED FROM
IDEAS CURATED BY
"Making money is art and working is art and good business is the best art." ~ Andy Warhol
Related collections
Other curated ideas on this topic:
Wealth In Terms Of Owning Things
Housing should be no more than 30% of your income. Warren Buffett's house is worth .001% of his total wealth.
The possession of things differentiates the rich from the wealthy. Wealthy people don't flaunt their money; they save and invest it.
Characteristics of the pseudo-affluent
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 ...
Wealthy People and Pseudo Affluence
Wealthy people have sustainable access to money, often for a very long period of time. Their habits are now aligned with the wealth that they have incurred.
Pseudo affluence, on the other hand, is what people experience when they are currently earning lots of money and start to be...
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