Originally Posted by TheDoc

There are a few kinds of wealthy persons. The super rich, which are so damn rich they couldn?t spend the money if they wanted to, which 99.9% of the people here will never reach that mark.

Then the wealthy, which earn the their wealth within this lifetime on their own. Normally they are business owners. (2/3 of the wealthy own their own companies) Out of this group of people, two types come to mind.

Wealthy people which buy lots of personal items, nice houses, cars, etc.. Normally these people make high incomes, but have very little personal net wealth in owned properties, stocks, bonds, etc.. However they do have the most current $150k car or lease. The neighbors and them think they are wealthy, when they are not.

Then the real wealthy people, normally owners of smaller companies, 50+ years in age and are normally very froogle people, who invest properly, don?t over spend, and have real goals & budget. These are people living in normal middle class houses; drive 30k cars that they own, and can retire tomorrow if they wanted. Oddly enough, MOST wealthy people do not fall into this category, hence why most aren?t really wealthy.

How many wealthy people here can retire tomorrow, for good? How many out right own their house or car? How many could loose their business tomorrow and survive?