What Does A "Wealthy" Lifestyle In PovertyFIRE Retirement Look Like?

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This post on r/Fire got me thinking. Many times wealth is defined by assets, a dollar amount, how big your house is, etc. but a person's minimum net worth to be considered wealthy in NYC is drastically different than in Missouri.

Instead of focusing on a dollar amount, there have to be some core traits that a wealthy person in a HCOL area and a wealthy person in a M/LCOL area share.

What are your thoughts on this? What are the core characteristics of a wealthy lifestyle other than a high net worth? What do you think a wealthy lifestyle in PovertyFIRE retirement could look like?

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Gholgie

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Posted: 3 years ago
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External URL: reddit.com/r/PovertyFIRE...