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In short, though perhaps inspiring and useful for those trying to get rich, it is worthless as a measure of people with actual wealth.

I respectfully disagree. There are many many people who make hundreds of thousands of dollars, yet their net worth compared to their income is paltry. Stanley uses a formula to come up with a certain age, you should have accumulated a certain net worth.

Many would call them 'wealthy' since they have multi-hundred thousand income levels. I don't. Stanley doesn't.

Many confuse 'net worth' with 'affluence', which is what Hollywood portrays...earn big bucks, spend big bucks, have even bigger debt. Affluence does not translate into net worth. many multi-million a year sports figures are broke 5 years down the road, since they were very successful in a high consumption lifestyle. Affluent? Yes? Rich or Wealthy? That depends upon your definition of 'weathly'. If it is having the appropriate net worth for your income, then I suspect that Stanley did a good job of looking at the habits of people with high net worth compared to their income.

Rich, wealthy, high consupmtion lifestyles might lead to early retirement, but I suspect most who are 'rich, wealthy' will continue to work to get the big bucks they are so accustomed to spending, and which they never saved any of along the way to be able to retire on.

If you are living on $300,000/yr, then at 4% withdrawal rate, it takes 25 times that amount, or $7.5 million of debt free assets to provide that.

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