Why Affluence Increases in Steps
25th April 2020
Stewart Butterfield expanded on this idea when he discussed what he called the “Three Levels of Wealth.” My colleague, Ben Carlson, beautifully summarized the three levels of wealth as:
- Level 1. I’m not stressed out about debt: People who no longer have to worry about their credit card debt or student loans.
- Level 2. I don’t care what stuff costs in restaurants: How much you spend on a particular meal isn’t impacted by your finances.
- Level 3. I don’t care what a vacation costs: People who don’t care how expensive the hotel is or which flight they go on.
April 27th, 2020 at 11:22
I first felt I was finally doing OK financially when I took the car to a real car wash and had someone else clean it.