Here's a first stab at a list for those of us that aspire to be competent and confident in the realm of personal finance: Less than a month: Emergency - one bad day from homelessnessOne to three months: Urgent - a moderate amount of bad luck from homelessnessThree to six months: Whew - The baseline of being able to sleep soundly at night, still in all-out hustle modeSix months to two years: Satisfactory - no longer afraid continuing to support one's self/family if job/business is lostTwo to five years: Well-off, Investments are just starting to produce meaningful amounts of supplemental incomeFive or more years: Confident - Investment income may be even more than most people's salaries25 Years or more: Financially Independent - even with the conservative 4% Safe Withdrawal Rate$100,000 more passive income than one spends to support their lifestyle: Wealthy$500,000 or more in passive income above and beyond what's needed to support one's lifestyle: Ultra WealthyThoughts?

He was inquiring if I wanted to be a moderator.

PM me, let's talkAccount Closed there are areas where you can (with some research) buy a cashflowing property (with light to moderate reno) for $7k.

Stay in Oregon.I thought we weren't allowed to discuss politics on BP...but the moderators are allowed to? 

Good luck to you.Post edited by moderator

This 100k down is it say 10% of your total net worth and you make 500k a year so worst case you stub your toe on this investment and take a minimal to moderate loss on this to resale after purchase?

It's all good in moderation. 

Everything in moderation.

I wish a moderator would read this and remove the sticker, now after 4 years, and avoid this thread to be pinned at the top.

I have 3 of my unites under section 8 and I am about $500 below the marketHere is the text on the billHousing restricted by deed, regulatory restriction contained in an agreement with a government agency, or other recorded document as affordable housing for persons and families of very low, low, or moderate income, as defined in Section 50093 of the Health and Safety Code, or subject to an agreement that provides housing subsidies for affordable housing for persons and families of very low, low, or moderate income, as defined in Section 50093 of the Health and Safety Code or comparable federal statutes.