As long as I can live comfortably, I'm happy. Having too much money and you begin to take things for granted and you don't have that sense of reward and satisfaction knowing you've really worked for what you want.
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How much money does it take to be rich?
- Thread starter Rodimus Prime
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For me, a wage of £30,000 a year would mean my life was rich. I could afford to pay a mortgage, buy food, and buy the odd luxury thing (Apple products now and again...).
Marrying a loving woman and having a nice family is far more important to me. No amount of money could make me as rich as having those things!
Marrying a loving woman and having a nice family is far more important to me. No amount of money could make me as rich as having those things!
Expenses for the very rich are usually written-off in some way, or payed for by some other entity.
They know all the tricks, having written most of them.
I'm currently reading a book that has a lot to say about this subject.
Money, Possessions, and Eternity by Randy Alcorn
In Chapter 16 Alcorn writes:
The book was published in 2003, but I doubt much has changed in the 9 years since. Most of us take what we have for granted and don't know how "rich" we truly are.
Money, Possessions, and Eternity by Randy Alcorn
In Chapter 16 Alcorn writes:
The book was published in 2003, but I doubt much has changed in the 9 years since. Most of us take what we have for granted and don't know how "rich" we truly are.
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Calling yourself rich because you have a lot compared to someone who has nothing is dumb. The poll made me laugh. No one is getting rich on $200k a year. Add another zero and then you're in the right neighborhood.
I think it depends where you live. Cost of living in NYC and S.F. are much higher than some rural areas nowhere near a city.
World poverty stats have actually changed dramatically in that time, mostly because of the rise of countries like China.
In 2003 roughly 30% of the world lived in "extreme poverty" which means less than $1.25 (in 2005 dollars) per day in income. Today that figure (adjusted for inflation to $1.50) is less than 20%.
Not according to Statistics
According to sociologists such as Dennis Gilbert, James Henslin, Joseph Hickey, and William Thompson, the upper middle class tops out with a median household income of $87,000 to $99,000. $200,000 would place you well into the Lower-Upper class.
According to sociologists such as Dennis Gilbert, James Henslin, Joseph Hickey, and William Thompson, the upper middle class tops out with a median household income of $87,000 to $99,000. $200,000 would place you well into the Lower-Upper class.
I agree with this. I have seen people that make over $150,000 a year with a car and home allowance. This person lived a lavish lifestyle yet ended up out of work living with their parents and deep in debt. This person liked to point out to me how much more they made than me.
I, on the other hand, made just over $100k yet I owed only a mortgage and only bought what I could pay cash for.
When our company folded I was able to live comfortably until I found the job I wanted. This other person was desperate and never recovered. So wealth to me is being able to absorb the complexities life throws at you while continuing to grow and move forward.
I guess it's all in how you define "rich". There's a difference between rich and fabulously wealthy. Someone who makes $200k in an average American city is most certainly rich in my book. Considering that less than 3% of the country makes that much, I'd call that rich. Someone who makes $2m a year is very wealthy, and someone who makes $20m a year is fabulously, ridiculously wealthy.
I think our versions of wealthy have gotten seriously out of whack with the amounts some people make these days. You can make $32m a year (more than 1000 times the median single income) for swinging a stick at a ball a few times a week or $20m for a single movie. It's kind of crazy.
And that would be your own fault. If someone making $200k a year is "worse off" than someone making $50k a year, then they are doing it wrong.
So Rodimus used to post threads like Wally? 
To be on topic: A dollar is rich if everyone around you has nothing.
To be on topic: A dollar is rich if everyone around you has nothing.
Well put. For many people as income grows so does expenses. The more I make the more my expenses actually go down as rather then buying more stuff. I paid off what I had and saved.
Faced a similar situation years ago. Company I was with at the time moved. I continued with the plan to get engaged. Got the ring cash and lived my life as I did when employed, took time to study and ended up in a better position than before.
So Rodimus used to post threads like Wally?
To be on topic: A dollar is rich if everyone around you has nothing.
wouldn't your dollar be worthless because nobody else has money hence something else enters into society as currency?