At what point do you consider someone rich?

Discussion in 'Mayberry Lounge' started by Tamriel Terror, Feb 9, 2018.

  1. Oboeplata

    Oboeplata Purple Belt

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    Most "rich" people I've talked to worried about money and their problems, but it's beyond my realm of comprehension.

    You know, stuff like penny-pinching even though they have, I think at least, +1 million and well-off or worrying about things I don't even understand nor have the time for.

    However, a few of them just don't seem to worry about anything. This might be dumb, but they look and sound different compared to other people. It seems like they are relaxed and care-free, all the time.
     
  2. Amerikuracana

    Amerikuracana Titanium Belt

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    A million liquid with less than 200k in debt.
     
  3. Johnson

    Johnson Green Belt Platinum Member Banned

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    When they stop talking about making money and only worry about spending it.
     
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  4. Fatt Hughes

    Fatt Hughes Brown Belt

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    I consider someone rich if they have total financial independence from an at-will employer that can decide to turn your life upside down from one day to the next. They don't rely on salary or wages. They have enough passive income flowing in that they can essentially retire before they're 60's or 50's. They also have diversified assets, in case market weakens in one of their cash centers. Rich people tend to make better choices than the average wage hound.
     
  5. Plutoburn

    Plutoburn Alpha booze head

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    The moment when you make the transition from working for money to money working for you.

    Experienced this first hand, because my parents were working as much as 100hrs a week in their early 30s to their early 40s until the business took off. In a few years, they "retire" from working day to day and got into real estate investment. They haven't "worked" in the traditional sense for over 20 years, but they are still making good money because they are collecting rent, interest, dividend, and profit from businesses.
     
    Last edited: Feb 9, 2018
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  6. Organic Damage

    Organic Damage Dancing on the ashes of the World

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    Conceptually, when they can without blinking lose an amount of money that would cripple me financially and psychologically.
     
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  7. dc007

    dc007 mr. white belt

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    Probably making over 500k a year. Wealthy is a whole other level though.
     
  8. Cint

    Cint Plutonium Belt Platinum Member

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    I'd be happy with a million.
     
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  9. chrisdiaz

    chrisdiaz Brown Belt

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    When they dont constantly worry about how much money they have in their account because "its alot"

    what a lot is to people can vary greatly. I imagine it comes down to living a carefree lifestyle not constantly constrained to how much money you have. If i could own my house and make music all day, I would consider myself wealthy.
     
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  10. Mocrates

    Mocrates Ik ben Groot.

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    I like this definition.
     
  11. Jaeger Imperator

    Jaeger Imperator GET SOME Platinum Member

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    when you reach the level of "fuck you" money, you can basically say fuck you to everything and everyone
     
  12. DarkneT

    DarkneT Bones is GOAT, change my mind Platinum Member

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    Fuck

    Rich to me is just two incomes with no kids
     
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  13. IIIIIIII

    IIIIIIII Titanium Belt

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    a lot of that depends on where you live. you gotta figure that part out first.
     
  14. Jim Cozad Jr.

    Jim Cozad Jr. Brown Belt

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    When you no longer have to budget or worry about how much you're spending...
     
  15. astrozician

    astrozician Orion's Belt

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    If you can quit your job and live at your current level of consumption for 10 years, I would consider you wealthy.
     
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  16. boingyman

    boingyman If can, can. If no can, no can.

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    I personally think being 'rich' is to the point that you do not need to work (if you chose not to work) to support yourself and your family, while at the same time have more than enough money to sustain your lifestyle throughout your lifespan. I think for my situation $10 million would do the trick where I could live off interest alone and still generate wealth through investing. $20 million would be a much safer bet though.
     
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  17. Final Rehab

    Final Rehab Soul of Light in Overdrive Yellow Card

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    When they have enough money that they can commit murder and walk.
     
  18. Playswellwithlawndarts

    Playswellwithlawndarts Jack of all trades Master of Some

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    So more than Aaron Hernandez
     
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  19. AGGAMEMNON66

    AGGAMEMNON66 -----------Villain-----------

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    I would say if they have millions of dollars and don't have to work for a living.


    200k or just a bit more a year is nice, but it's not rich.
     
  20. AGGAMEMNON66

    AGGAMEMNON66 -----------Villain-----------

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    If you owned property (like a house and so on) and pay all that comes with it, plus other expenses -you'd see that it's not rich at all. Not even close. You still have to go to work every day to keep up on everything. Unless you live some bullcrap minimalist lifestyle which isn't reasonable to ask everyone making that money to do. You want those people turning around and spending that money, making purchases and so on to help keep the economy rolling along.


    7 figure salary or more a year is about there. But 6 figure isn't.
     
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