Source: The 3 Levels of Wealth | A Wealth of Common Sense, by Ben Carlson
On a recent episode of How I Built This with Guy Raz, Butterfield was asked how this enormous wealth has impacted his life. He told Raz, “beyond a certain level of wealth it doesn’t make your life any better.”
He went on to list what he considers to be the three levels of wealth:
- 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.
This was a new way of looking at this and it got me thinking about where most Americans find themselves on this scale.
How might you list wealth classes based on lifestyle and quality-of-life features?