What Income Class are you? Lower class, Middle class, Upper Middle Class, Upper Class or Top 1%?

[ThisIsMe]

I don't sweat the market and have way less than $2 million. I'm not even close to a million. I have zero worries about my money. Anyone who has a million and "sweats the market" has to be living well above their means.

There is one guy in the same town I live in, he is worth $300 million dollars, and still lives in the same ranch house he always has for the past 40 years. His son, on the other hand, had a massive, three story, all stone home built in the most expensive neighborhood. Think it cost around $3 million. Maybe he sweats the markets.

Im nowhere close to a million, but, with the exception of a car and house payment, I live debt free. I make ok money for my area but I limit my expenses to mostly what I need. There are a lot of things I want, im just not willing to spend the cash on them or go in debt for them.

If there is something I NEED, I will buy it, if its something I WANT I'll save the cash and buy it.

I just have an aversion to credit cards.

 

[MarathonMike]

Really? 2M per year is considered upper middle??

Net worth, not per year.

 

[Stryder50]

Money is not all that important if you can provide for your basic needs.

Mo money, mo problems. Life is happier when you keep it simple and concentrate on things other than money.

grow your own food
butcher your own meat
weave your own cloth
make your own cloths and linens
chop your own firewood
smelt your own metals
do your own medical and dental

and who needs to pay taxes ????

 

[San Souci]

What can or will the upper middle class do that the middle class can’t or won’t?

Buy a Big House?

 

[playtime]

middle class with a rock solid excellent credit score.

 

[marvin martian]

Yea, because that never happened. I invested for all of the Obama years. My returns were all positive, albeit modest.

I knew you didn't have a pot to piss in.

To bad you pulled everything out of the markets in 2016 because Paul Krugman told you Trump was going to cause a "worldwide recession".