@HerbsandDirt The biggest advantage of an inheritance is being able to use it when it actually changes someoneโs life. Helping your kids build a home and financial stability today can be far more meaningful than leaving them an asset decades later.
Your paycheck might say more about your social class than you think:
Under $16K โ Poverty
$16Kโ$32K โ Near Poverty
$32Kโ$56K โ Lower Class
$56Kโ$84K โ Lower Middle
$84Kโ$126K โ Middle Class
$126Kโ$167K โ Upper Middle
$167K+ โ Upper Class
Would you consider $100K a lot of money?
@madebyolah The older I get, the more I realize youโre rarely paying for someoneโs time. Youโre paying for everything they had to own, insure, maintain, and risk to deliver the result.
@theficouple The hardest part isnโt understanding compound interest. Itโs having the discipline to get that first $250k invested. After that, time starts doing the heavy lifting.
Funny how getting older changes your definition of wealth.
I donโt want a bigger house.
I donโt want more cars.
I want fewer responsibilities.
The real luxury is owning your time.