[fso301]

If you’re a rich man, you can buy a house for cash. You do not have to worry about taking out a mortgage, let alone paying it back. If you’re a rich man, you can buy a car for cash and afford comprehensive insurance,

Being able to do those things does not mean a person is rich.

[A Formerly Proud Canadian]

Actually, those who have a place to live and a vehicle, are in the wealthiest 95% of the world. Yes, YOU are rich, as am I, as is EVERYONE posting on FR. Someone who can pay cash for his/her home, is even more wealthy.

[proxy_user]

Yeah, but you can but you have to be careful with such purchases. If you have a fortune of between $2 and $5 million, you’re affluent but not really rich. You have to squeeze that money and make it last.