By Daniel de Vise
USAToday.com
July 26, 2025
You don’t need a million dollars to feel financially comfortable—just over $800,000 will do, according to the latest Modern Wealth Survey by Charles Schwab.
While the line between comfort and wealth might seem subtle, for many Americans, it’s a striking one—amounting to a nearly $1.5 million gap in perception.
Lili Vasileff, a certified financial planner in Greenwich, Connecticut, defines financial comfort as essentially never having to worry about money.
“Comfortable, to me, means that I can meet my bills every day of the week, that I don’t live paycheck to paycheck, that I have savings set aside as an emergency fund, and that I have made good progress toward achieving my financial goals. Being wealthy is about financial freedom and loftier goals.
Wealthy, to me, means that I have savings that I don’t need to dip into, and I can create a legacy for my children, that I have the ability to have a little more ego in terms of the quality of things that I want,” she said.
See the full article at USA Today.
Lili Vasileff Named One of the Best Independent Advisors of 2025
Lili Vasileff is featured in investmentnews’ 2025 list of 5-Star independent advisors, recognized for her exceptional client service and expertise in navigating complex financial situations.
