If you live with major debt then you are not wealthy. I saw this all the time at my last job.
Guy makes 300K and has the following:
$35K Spouse Car
$20K Kids Car
$100K Student loans
$30K Credit Card debt
Goes on trips
This typically means the person is spending whatever they are making. If you think I am kidding then just look at the what is going on in the United States right now. Most people have NOTHING in savings and have thousands in credit card debt.
Wealth (IMO) is a combination of:
Having all major debt paid off (Except your home - although you should have 10-20% paid off.
Helping others out (Giving)
Saving (College, Retirement and emergeny funds)
Spending (on things that you can afford. If you are making good money and have debt paid off then you can buy and play more)
So that being said there are couples with the combined income of $130K that are much wealthier than someone making $250K. They just might not show it.
Make sure you don't call the charge. But make sure you call the foul on the scrum....
All content owned by CycloneFanatic.com - All rights reserved 2005-09. By viewing this website you agree to the Terms of Service, Site Rules and Legal Disclaimer. The words, views, images and opinions expressed or provided by users do not reflect the opinions or views of CycloneFanatic.com or Iowa State University. The names, words, symbols, and graphics representing Iowa State University are trademarks and copyrights of the University protected by the trademark and copyright laws of the United States of America and other countries and are used on this web site under license from the University. Original site design, premise & construction by Jeremy Lind.