Being financially solvent and rich are two different things. Someone who can afford the things they need and can buy things they want occasionally is not necessarily rich. Having zero credit card debt or any other debt other than a house is not being rich. Saving money doesn't mean you are rich. Setting up savings accounts, 529s and other things for your son and your future is financial solvency.
Sometimes we are a little sad when people think we are rich. We aren't rich. But we are financially secure because we have planned.
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