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<blockquote data-quote="quad decade guy" data-source="post: 5067001" data-attributes="member: 77939">If fortunate enough....Here, real estate is about 1/4 to 1/3 less compared to say CA/NY.....of which being a &quot;millionaire&quot; is based for many.Most middle class folks are of which you described as coming nowhere close to our pay and benefits. Thus, retiring like everyone else.I know a lot of folks that think $180k is a lot of money. Winning the lottery for some. It&#039;s nice and goes a long way to being comfortable vs. struggling. Having $200k in a 401k is nice....and when folks add their &quot;real estate holdings&quot; into the equation to push their &quot;wealth&quot; into being wealthy....Ok. but when you sell your house...then what?Buying a house in LA for $40k 50 years ago or inheriting it and being $750k today...doesn&#039;t make you wealthy. Remembering your worth being as much cash as you can get your hands on.....now. No? A proverb....something about &quot;1 in the hand is better than.....&quot;I have a friend whose DAD seemed to be savvy and smart with money and real estate....We(w/friend) talked about his Pop being 90+ and what follows....knowing of how his Dad invested and held these investments for years. He recently sold everything etc...I asked my friend....&quot;So, you&#039;re in for a windfall....?&quot;. Friend: &quot; Not really....my Dad maybe has $500k which will be split between my Sister and me...&quot;Message? Estimations and what really happens(actual net) can be wildly different.</blockquote>

[QUOTE="quad decade guy, post: 5067001, member: 77939"] If fortunate enough.... Here, real estate is about 1/4 to 1/3 less compared to say CA/NY.....of which being a "millionaire" is based for many. Most middle class folks are of which you described as coming nowhere close to our pay and benefits. Thus, retiring like everyone else. I know a lot of folks that think $180k is a lot of money. Winning the lottery for some. It's nice and goes a long way to being comfortable vs. struggling. Having $200k in a 401k is nice....and when folks add their "real estate holdings" into the equation to push their "wealth" into being wealthy....Ok. but when you sell your house...then what? Buying a house in LA for $40k 50 years ago or inheriting it and being $750k today...doesn't make you wealthy. Remembering your worth being as much cash as you can get your hands on.....now. No? A proverb....something about "1 in the hand is better than....." I have a friend whose DAD seemed to be savvy and smart with money and real estate....We(w/friend) talked about his Pop being 90+ and what follows....knowing of how his Dad invested and held these investments for years. He recently sold everything etc...I asked my friend...."So, you're in for a windfall....?". Friend: " Not really....my Dad maybe has $500k which will be split between my Sister and me..." Message? Estimations and what really happens(actual net) can be wildly different. [/QUOTE]

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