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« After Labor Day, Celebrate 401k Day | Main | Comments: Saving Money on Hotels »

September 06, 2005

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I think it is how much you can make (salary, business income, investment income), not how much you have (including non-performing investment) separates the wealthy from the poor.

I disagree.

You can make a ba-zillion dollars, but if you spend a ba-zillion plus $1, you're going backwards. Yet, you can make $30,000 and spend $29,000 and you're $1k ahead. Certainly, the latter person is better off.

As such, the true measure of wealth is what you have/end up with (net worth) not what you make (income).

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