What’s your definition of being rich?

[enron_by_the_sea]

My observation:
When you travel with family, you buy first class plane tickets (not upgrade or use frequent flyer miles.)

[an]

When you travel with family, you buy first class plane tickets (not upgrade or use frequent flyer miles.)
How about, when you have your own private jet when you travel so you don’t have to even sit in first class :-D.

[an]

When you travel with family, you buy first class plane tickets (not upgrade or use frequent flyer miles.)
How about, when you have your own private jet when you travel so you don’t have to even sit in first class :-D.

[an]

When you travel with family, you buy first class plane tickets (not upgrade or use frequent flyer miles.)
How about, when you have your own private jet when you travel so you don’t have to even sit in first class :-D.

[an]

When you travel with family, you buy first class plane tickets (not upgrade or use frequent flyer miles.)
How about, when you have your own private jet when you travel so you don’t have to even sit in first class :-D.

[an]

When you travel with family, you buy first class plane tickets (not upgrade or use frequent flyer miles.)
How about, when you have your own private jet when you travel so you don’t have to even sit in first class :-D.

[Coronita]

Simple definition for me:

Rich= A family's net worth (after taxes, depreciation,outstanding obligations) = $20million+ in present day dollars. Of course, this number goes up as the dollar weakens.

$20million after tax assets earning a piddly 5% interest rate each year would be about $1million in pretax income, half of which would end up going to uncle sam, which by my book would be enough F.U. money to support a family without having to work full time for someone(s) that you normally would not want to do.

 

I don't equate one's salary to "rich". First off, it's more about how much one keeps than earns. Two, salaries come and go. Three, several CEO's have a $1 salary, but are sitting on a pile of equity (which by the way probably means they don't end up having to pay social security taxes, SDI,etc, because that comes from W-2's.)

 

One of these days, my company will be bought by google or the like and perhaps I can relate (yeah right).

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Simple definition for me:

Rich= A family's net worth (after taxes, depreciation,outstanding obligations) = $20million+ in present day dollars. Of course, this number goes up as the dollar weakens.

$20million after tax assets earning a piddly 5% interest rate each year would be about $1million in pretax income, half of which would end up going to uncle sam, which by my book would be enough F.U. money to support a family without having to work full time for someone(s) that you normally would not want to do.

 

I don't equate one's salary to "rich". First off, it's more about how much one keeps than earns. Two, salaries come and go. Three, several CEO's have a $1 salary, but are sitting on a pile of equity (which by the way probably means they don't end up having to pay social security taxes, SDI,etc, because that comes from W-2's.)

 

One of these days, my company will be bought by google or the like and perhaps I can relate (yeah right).

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Simple definition for me:

Rich= A family's net worth (after taxes, depreciation,outstanding obligations) = $20million+ in present day dollars. Of course, this number goes up as the dollar weakens.

$20million after tax assets earning a piddly 5% interest rate each year would be about $1million in pretax income, half of which would end up going to uncle sam, which by my book would be enough F.U. money to support a family without having to work full time for someone(s) that you normally would not want to do.

 

I don't equate one's salary to "rich". First off, it's more about how much one keeps than earns. Two, salaries come and go. Three, several CEO's have a $1 salary, but are sitting on a pile of equity (which by the way probably means they don't end up having to pay social security taxes, SDI,etc, because that comes from W-2's.)

 

One of these days, my company will be bought by google or the like and perhaps I can relate (yeah right).

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Simple definition for me:

Rich= A family's net worth (after taxes, depreciation,outstanding obligations) = $20million+ in present day dollars. Of course, this number goes up as the dollar weakens.

$20million after tax assets earning a piddly 5% interest rate each year would be about $1million in pretax income, half of which would end up going to uncle sam, which by my book would be enough F.U. money to support a family without having to work full time for someone(s) that you normally would not want to do.

 

I don't equate one's salary to "rich". First off, it's more about how much one keeps than earns. Two, salaries come and go. Three, several CEO's have a $1 salary, but are sitting on a pile of equity (which by the way probably means they don't end up having to pay social security taxes, SDI,etc, because that comes from W-2's.)

 

One of these days, my company will be bought by google or the like and perhaps I can relate (yeah right).

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Simple definition for me:

Rich= A family's net worth (after taxes, depreciation,outstanding obligations) = $20million+ in present day dollars. Of course, this number goes up as the dollar weakens.

$20million after tax assets earning a piddly 5% interest rate each year would be about $1million in pretax income, half of which would end up going to uncle sam, which by my book would be enough F.U. money to support a family without having to work full time for someone(s) that you normally would not want to do.

 

I don't equate one's salary to "rich". First off, it's more about how much one keeps than earns. Two, salaries come and go. Three, several CEO's have a $1 salary, but are sitting on a pile of equity (which by the way probably means they don't end up having to pay social security taxes, SDI,etc, because that comes from W-2's.)

 

One of these days, my company will be bought by google or the like and perhaps I can relate (yeah right).

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[San Diego Native]

From a monetary standpoint, I’d echo the $5MM net worth figure mentioned as a minimum for being considered “rich.”

Many, especially in Shallowfornia, (I’ve named it this, and I’m a native) like to give the “appearance of wealth,” but if you knew their net worth, you’d fall on the floor laughing.

For me, net worth is about being able to live the life I want to live–enjoying a great home, a great career, a loving family, friends, and life itself–without worrying about finances.

[San Diego Native]

From a monetary standpoint, I’d echo the $5MM net worth figure mentioned as a minimum for being considered “rich.”

Many, especially in Shallowfornia, (I’ve named it this, and I’m a native) like to give the “appearance of wealth,” but if you knew their net worth, you’d fall on the floor laughing.

For me, net worth is about being able to live the life I want to live–enjoying a great home, a great career, a loving family, friends, and life itself–without worrying about finances.

[San Diego Native]

From a monetary standpoint, I’d echo the $5MM net worth figure mentioned as a minimum for being considered “rich.”

Many, especially in Shallowfornia, (I’ve named it this, and I’m a native) like to give the “appearance of wealth,” but if you knew their net worth, you’d fall on the floor laughing.

For me, net worth is about being able to live the life I want to live–enjoying a great home, a great career, a loving family, friends, and life itself–without worrying about finances.

[San Diego Native]

From a monetary standpoint, I’d echo the $5MM net worth figure mentioned as a minimum for being considered “rich.”

Many, especially in Shallowfornia, (I’ve named it this, and I’m a native) like to give the “appearance of wealth,” but if you knew their net worth, you’d fall on the floor laughing.

For me, net worth is about being able to live the life I want to live–enjoying a great home, a great career, a loving family, friends, and life itself–without worrying about finances.

[Author]

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