How much money does it take to be rich?

Discussion in 'Community Discussion' started by Rodimus Prime, Apr 13, 2008.

?

Year income to be rich

  1. $30,000/year

    7 vote(s)
    2.8%
  2. $40,000/year

    2 vote(s)
    0.8%
  3. $50,000/year

    3 vote(s)
    1.2%
  4. $60,000/year

    4 vote(s)
    1.6%
  5. $70,000/year

    6 vote(s)
    2.4%
  6. $80,000/year

    8 vote(s)
    3.2%
  7. $90,000/year

    3 vote(s)
    1.2%
  8. $100,000/year

    32 vote(s)
    12.9%
  9. $150,000/year

    32 vote(s)
    12.9%
  10. $200,000/year

    44 vote(s)
    17.7%
  11. Great than $200,00 please post

    107 vote(s)
    43.1%
  1. Rodimus Prime macrumors G4

    Rodimus Prime

    Joined:
    Oct 9, 2006
    #1
  2. skunk macrumors G4

    skunk

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    #2
    Definitely over £100,000 a year, but however much you have it will not make you happy.
     
  3. iDAG macrumors 65816

    iDAG

    Joined:
    Sep 9, 2007
    Location:
    Athens, Ohio
    #3
    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
     
  4. remmy macrumors 6502a

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    Jul 1, 2007
  5. Cromulent macrumors 603

    Cromulent

    Joined:
    Oct 2, 2006
    Location:
    The Land of Hope and Glory
    #5
    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.
     
  6. sushi Moderator emeritus

    sushi

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    Location:
    キャンプスワ&#
    #6
    I would say having a networth that will allow you maintain your current lifestyle without working for the rest of your life.

    So very true!
     
  7. 119576 Guest

    119576

    Joined:
    Aug 6, 2007
    #7
    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
     
  8. Sun Baked macrumors G5

    Sun Baked

    Joined:
    May 19, 2002
    #8
    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.
     
  9. Cromulent macrumors 603

    Cromulent

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    #9
    I agree. Quintessential English aristocracy :).
     
  10. srl7741 macrumors 68020

    srl7741

    Joined:
    Jan 19, 2008
    Location:
    In my world
    #10
    I guess it would depend on your definition or "Rich". Money does not make you rich.
     
  11. Xfujinon macrumors 6502

    Joined:
    Jul 27, 2007
    Location:
    Iowa City, Iowa
    #11
    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.
     
  12. xUKHCx Administrator emeritus

    xUKHCx

    Joined:
    Jan 15, 2006
    Location:
    The Kop
    #12
    According to a quick google search it can be as low as £14.99 to get your name changed.
     
  13. skunk macrumors G4

    skunk

    Joined:
    Jun 29, 2002
    Location:
    Republic of Ukistan
    #13
    MacRumors Poll or Deed Poll?
     
  14. Cromulent macrumors 603

    Cromulent

    Joined:
    Oct 2, 2006
    Location:
    The Land of Hope and Glory
    #14
    Max Power!
     
  15. sushi Moderator emeritus

    sushi

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    #15
    True.

    I would add, that your health is one of the most valuable things you have.
     
  16. ErikCLDR macrumors 68000

    Joined:
    Jan 14, 2007
    #16
    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.
     
  17. robanga macrumors 68000

    robanga

    Joined:
    Aug 25, 2007
    Location:
    Oregon
    #17
    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 :)
     
  18. motulist macrumors 601

    motulist

    Joined:
    Dec 2, 2003
    #18
  19. Gelfin macrumors 68020

    Gelfin

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    Sep 18, 2001
    Location:
    Denver, CO
    #19
    None of the above. The correct answer is "more."
     
  20. motulist macrumors 601

    motulist

    Joined:
    Dec 2, 2003
    #20
    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.
     
  21. heehee macrumors 68020

    heehee

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    Same country as Santa Claus
  22. Gelfin macrumors 68020

    Gelfin

    Joined:
    Sep 18, 2001
    Location:
    Denver, CO
    #22
    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.
     
  23. Cromulent macrumors 603

    Cromulent

    Joined:
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    The Land of Hope and Glory
    #23
    Unless your a monk is which case the answer is less :).
     
  24. Sun Baked macrumors G5

    Sun Baked

    Joined:
    May 19, 2002
    #24
    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.
     
  25. Legolamb macrumors 6502a

    Legolamb

    Joined:
    Nov 27, 2006
    Location:
    North of where I'd like to be
    #25
    Always being handed $20 back, no matter what you want to spend/buy.
     

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