If you invest it right? As pointed out when income stops how do you acquire assets? If assets grow generating income then you have income for life.
I think what I meant is like an analogy to an apple tree. You can plant an apple tree and then reap the apples as they grow, or you can just keep buying apples...
I think most assume income means wealth, well unless it is passive income generated from assets so that you can stop working, so not job derived income then yes.
As pointed out by others there are lots of people on high incomes yet they are asset poor, would you classify them as wealthy then?
I supposes most people can be classified as Income poor/asset poor, Income rich/asset poor, Income poor/asset rich, or Income rich/asset rich. I know which quadrant I am in or which one I would like to be in.
I suppose most would like to be in the last quadrant, right?