Fwiw, if they had invested in the market in 2009 and left the money in, and continued to invest, they would have made a lot of money. Most of the people who lost money when it went down were those who pulled their money out.
it's interesting to see different perspectives on rich vs not, and I mean that honestly. In another thread there was a brief discussion on if $400k a year makes someone rich. I think so, though not rich in the way that they have no cares about money at all.
Did the guy you're referring to have a family? It can be hard to save large amounts of money with a family.
No he didn't have a family, which is why I say the choices one makes in life can make one rich. I would rather have the family.
While I don't think of myself as rich, if things continue as they have, I could be to the point that I consider myself rich in 8-10 years assuming that I live that long. My definition of rich would be having my house paid for, being mostly debt free, and having half a million or so in various investments. That is probably not the definition of rich that most people have though.