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This is true, however, I think that it is different depending on how you view it. To me, if I have enough wealth to sustain myself and my immediate family, which means that I can do what I want, when I want, then I am "rich". Maybe not in a purely material sense, but that means squat to me...

I think it's different for each of us. To me, it means a fully paid off PPOR and enough passive income to live on without the need to work for someone else and the ability to travel as much as I want.