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Juan Cena wrote:
But even with good financial planning, you would have to deal with things like rising costs of living, tuition, higher taxes, etc.
Look, all I'm saying is what level of income that people have considered rich doesn't quite work with the reality of economics.
There's nowhere in the country where you can make $600k and not be financially secure for the rest of your life if you want to be. Commute an hour or two to work in a sensible car, buy a $300,000 house in the suburbs, you'll be absolutely fine.
Live in a multi-million dollar house, drive lexuses, then sure, you may have to deal with troubles "keeping up with the Joneses" but that's nothign compared to people who can't eat today by no choice of their own.