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How much money does it take to be rich?

Year income to be rich

  • $30,000/year

    Votes: 7 2.8%

  • $40,000/year

    Votes: 2 0.8%

  • $50,000/year

    Votes: 3 1.2%

  • $60,000/year

    Votes: 4 1.6%

  • $70,000/year

    Votes: 6 2.4%

  • $80,000/year

    Votes: 8 3.2%

  • $90,000/year

    Votes: 3 1.2%

  • $100,000/year

    Votes: 32 12.9%

  • $150,000/year

    Votes: 32 12.9%

  • $200,000/year

    Votes: 44 17.7%

  • Great than $200,00 please post

    Votes: 107 43.1%
  • Total voters
    248
If you make $100,000 or more a year than you are set in my opinion. :cool: I hope one day I'll be rich (I'm 16 right now). :D
 
skunk said:
Definitely over £100,000 a year, but however much you have it will not make you happy.
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Yeah. Being a millionaire nowadays isn't enough to live the good life. Christ if you want a big house over here your looking at spending £1 million + at least ($2 million) if you want to live in a nice area (I'm talking from someone who lives in Surrey).

Then holidays, car, equipment, furnishings it all adds up.
 
To lead a rich life you need not income nor savings, but the companionship of a good woman and the love of a family. and at least $100,000/yr
 
remmy said:
Also depends where you live
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All depends on the definition of rich, since most people usually spend much more than they earn displaying the lifestyle.

People tend to stretch to buy that million dollar house, lease the fancy cars, and buy clothes and gadgets on credit -- when people a few streets down may pay cash for their $5.5 million house and drive a lincoln with 100k on the clock.

Personally I tend to think of the rich as the ones who can pay cash for anything they need, and have gotten past the point where they need to make people think they are rich by keeping up with all the latest gadgets, clothes, and cars.
 
For me, rich is less of a dollar amount than it is the capacity to think of money in a different way. Let me explain.

Currently, I am a student. I have massive debt, I buy only the things I absolutely need, and I am forced to make monetary decisions based on available resources.

"Rich" to me will mean no debt (excepting a mortgage, for awhile), no reason to worry about finances to purchase the things I want, and the capacity to travel when it suits me. A nice retirement and investment portfolio is also necessary, but you don't have to be "rich" to accumulate good retirement savings or investments.

I made a list once of all the things I ever wanted. At the time, it totaled to something like $78,000 but it excluded a house or a car or regular annual expenses (health insurance, car insurance, etc.). It did include, however, all of the tangible things I ever wanted.

In summary, being rich is a state of mind when money is no longer an object or a number, but a background component of one's life. In my future profession, I have little doubt that I will obtain all of the "things" I want, but I am more looking forward to changing the way I view money entirely.
 
According to a quick google search it can be as low as £14.99 to get your name changed.
 
Being "rich" (in the economic sense) really depends on where you live and who you live around.

If you live in a place like Greenwich, Connecticut a 1,000 square foot measly little house will run you about $500,000. If you live in Bumsquat, Alabama $500,000 will get you a lot more for your money. If you live where i live in CT you could probably find a 3000sq ft house. Depending on your amount of disposable income, it kinda determines how "rich" you are.

If you live in a town with an average income of $40,000 and you make $100,000 you're going to look rich. If you live in a town where the average income is $95,000, you won't.

The average family income in my town is $115,000. To many average people (family income of $50,000) I suppose that would make you look at least fairly wealthy.
 
Agreed with most responses. Its relative to where you live and what the community standards are in that place. One thing for sure is no amount is ever enough to be happy. Happiness doesn't come from stuff :)
 
Gelfin said:
None of the above. The correct answer is "more."
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Actually, to be more precise the answer is "way way WAY more" than any of the options listed here. $200,000 in US dollars today will make you middle to upper middle class.
 
motulist said:
Actually, to be more precise the answer is "way way WAY more" than any of the options listed here. $200,000 in US dollars today will make you middle to upper middle class.
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While you are correct that the listed values are naively low, what I was aiming at was, no matter how much money you have, "more" is always the answer to that question.
 
heehee said:
Where is the +$50 Million option? :p
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Those athletes and actors still seem to go BK more often than the general public ... just allows for a finer grade of drugs, clothes, and paid friends while you do it.
 
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