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Personal Finances / Living Below Your Means

URL:  https://boards.fool.com/im-not-seeing-here-a-distinction-in-who-has-the-15095804.aspx

Subject:  Re: Everyone has money - until someone needs it. Date:  6/2/2001  7:20 PM
Author:  warrl Number:  150398 of 908845

I'm not seeing here a distinction in who has the greatest net worth. Rather, I'm seeing a major variation in lifestyles and liquidity...

with those with the more frugal lifestyle having greater liquidity.

It is entirely consistent with the evidence to say that those with the more frugal lifestyle ALSO have a greater net worth than most... the grandfather with his assets tied up in illiquid investments is quite plausibly higher, and the father who is in the middle of real estate deals likewise (but those real estate deals DO tend to consume large quantities of cash while in progress).
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