case: (Default)
Case ([personal profile] case) wrote in [community profile] fandomsecrets2016-01-04 07:16 pm

[ SECRET POST #3288 ]


⌈ Secret Post #3288 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.

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Notes:

Secrets Left to Post: 02 pages, 044 secrets from Secret Submission Post #470.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.
ariakas: (Default)

Re: When do you consider someone well-off?

[personal profile] ariakas 2016-01-05 01:17 am (UTC)(link)
Ironically, the most popular car amongst millionaires is a Toyota Corolla. People who are legitimately wealthy generally are such because they're good with money, and this means not spending a lot on frivolous flashy things to keep up with their neighbours. That's the mark of the (would-be) upper middle class slowing burying themselves in debt.

So just about the only good gauge is real estate owned, as that's an investment that appreciates, so wealthy people who are also good with money tend to buy it. It's also trivially easy to see what that property was assessed at; that will give you a decent gauge of their minimum worth.

Re: When do you consider someone well-off?

(Anonymous) 2016-01-05 01:20 am (UTC)(link)
Net worth!anon above. Agreed.

On another point: when people are asked about money and think about it in terms of investments, real estate, and assets instead of dollars or consumable-objects-owned. They either have a background in finance, a personal interest in finance, or have enough money themselves to have made knowing about finance important to them.

Re: When do you consider someone well-off?

(Anonymous) 2016-01-05 03:09 am (UTC)(link)
In my case, it was watching my parents make terrible investments (they got scammed more than once) when I was a kid. As soon as I got my first decent job I got an RRSP. Twenty years later my current net worth puts me in one of the highest brackets.

Re: When do you consider someone well-off?

(Anonymous) 2016-01-05 03:22 am (UTC)(link)
So the latter two then.

Congrats, and I mean it sincerely.