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How To Be Rich

Ask The Compound

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Wealth Class Distinctions and Perceptions

This chapter explores the definitions and distinctions between upper middle and upper classes, analyzing the impact of geographic location on wealth perception. The discussion highlights the significance of net worth calculations, including home equity, and the psychological differences between feeling wealthy and possessing liquid assets. Through statistical insights and societal expectations, the chapter delves into the complexities of wealth distribution in the U.S., especially in high-cost living areas.

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