RE: RE: Being A Dollar Millionaire Is Not What It Used To Be
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RE: Being A Dollar Millionaire Is Not What It Used To Be

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Great article. This hits differently from Cuba. Here, inflation and the exchange-rate gap make purchasing power evaporate very fast, so the idea of “a million dollars” feels even more distant and, at the same time, your point about nominal wealth vs. real wealth makes a lot of sense. I especially agree with the distinction between net worth and liquid cash: having assets doesn’t necessarily mean having income to live on. My question would be: in a high-inflation context, what balance do you think makes sense between holding liquid cash and having assets that generate income? Thanks