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No, that is how I dress. I wear nice dress clothes and dress shoes every day. 99% of people have no idea what my dress shoes cost. I tailor a lot of it. I was more referencing the 150k+ autos, designer clothes with name brands plastered everywhere and 10k+ watches. Something people who are not...

Put together and having 10-100k on your wrist is completely different. Can vouch for all in the crime California, I live there

This is a complicated and nuanced question, depends how you calculate it, but do not consider 200k upper class in a major city. You aren't living in the best areas and you have to run a really tight budget. Maybe how it has been technically defined but all the assets rich people own has gone up...

Once you get to the level where you are considered "rich", you realize there is very little upside to looking like it to the public. If you own a business, your employees resent you and want more money, your clients think you are ripping them off, the people who are attracted to that are either...

This is the pretty standard upper middle class lifestyle, would just say the majority do it through debt and their personal balance sheet isn't that impressive. A lot of employees in the 300-500k range in major metro areas fall into this category with minimal net worth accumulation. I have a lot...

ok nice lol I have a few Indian friends, they are all very industrious and plan for the future, own property, biz etc It is pretty impressive on what some have amassed while they have been here. One literally came with nothing as a teenager and didn't speak English. He is in his 40s now and has...

You can make the argument both ways on technicality. My personal belief is not to add it to my net worth calculation. It is not that liquid and you have to add in the costs of finding somewhere else to live if you did sell. Money put into it is more for enjoyment and quality of life as opposed...

Maybe I missed this. Is this someone you are currently dating or just a hypothetical person? If it is not a real person who's values and goals you know intimately and have a long term functional relationship with, would hold off including them on any sort of future calculations. There are so...

One other thing to factor in as well, past 2 decades may have been the easiest time in history to generate large returns if in the United States. This primarily happened because of historically low interest rates and essentially being able to export our inflation to the world by having the...

At 175k, do you have an actual plan to get to 4-5M at 50? Unless you catch an early parabolic move in an asset and make no mistakes, it will be very challenging with your current income. If you save 50k yearly after tax(75kish pre tax income) with a 10% annual return, which both are very...

Yes. Usually not a big deal, guess depends what it applies too, essentially you can't share certain information. In business, usually is you are exposed to information they do not reveal to pubic.

You are correct that money is just a shared belief that it does in fact have value. It is however an integral piece of society both positively and negatively. This will be oversimplified but money is basically stored energy and a form of communication. You are paid for your labor and that energy...

Again, because real estate is selling doesn't mean people haven't moved or changed behavior. Markets are complex and have many variables

I never referenced that past couple decades, the entire time I only talked about last couple years. That is when the shifts started to happen. You have to learn how to use relevant data, maybe one day. I will pray for you

Wrong, pretty naive. Says 5.3% of population left since covid. Real Estate is a lot more complex than population movements. Last few years was mainly pushed by record low rates and mass amounts of stimulus.

This issue with NYC now is they are losing affluent residents who pay a lot of taxes and some are being replaced by low skilled immigrants who will not contribute tax wise nearly enough. https://finance.yahoo.com/news/york-city-lost-5-3-100000482.html...

The best thing you can do long term is when you start making more money do not upgrade your lifestyle and aggressively invest for the next 5-10yrs. Once you reach upper 6- low7 figure net worth in liquid assets you start to reach escape velocity where a 5-10% return is really meaningful and you...

Debt and how it us used is very nuanced. It can be a great tool if used responsibly, my personal opinion is most haven't because of the incentives created by very low interest rates the past 20yrs. Across all sectors most are way over leveraged. I have an extreme aversion to it, sometimes to...

I own a decent amount of physical metals but basically look at as a last line of defense and insurance for SHTF situation. Just performance it is not that great and you initially are pretty deep in the red on dealer premiums. If you own paper gold, you give up its most important properties for...

I really like Eth and think there is a lot of potential upside, I own a lot of it, just two completely different types of allocations in my opinion. If a nation, individual, pension fund etc wanted to park their money somewhere for 10-20yrs in cold storage. You can safely assume that the rules...