What’s your definition of being rich?

[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.

[Ren]

I think many people in this thread are defining “happiness”, while the original poster’s question was really about monetary wealth.

I am rich in peanuts.

[Ren]

I think many people in this thread are defining “happiness”, while the original poster’s question was really about monetary wealth.

I am rich in peanuts.

[Ren]

I think many people in this thread are defining “happiness”, while the original poster’s question was really about monetary wealth.

I am rich in peanuts.

[Ren]

I think many people in this thread are defining “happiness”, while the original poster’s question was really about monetary wealth.

I am rich in peanuts.

[Ren]

I think many people in this thread are defining “happiness”, while the original poster’s question was really about monetary wealth.

I am rich in peanuts.

[Coronita]

AA,

There is one thing I think is evident. You can't judge how "rich" a person is based on the appearances alone. I'll add the flip side of the coin.

My old manager bought his CV home about 8 years ago for a few hundred thousand and now the house is worth over a million. I wouldn't consider him rich since he makes about $80k a year and his wife stays at home.

The fact that your old manager can live in CV on an $80k single person family salary to my mind means that obviously he's must be doing something right 🙂

 

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

—– Sour grapes for everyone!

[Coronita]

AA,

There is one thing I think is evident. You can't judge how "rich" a person is based on the appearances alone. I'll add the flip side of the coin.

My old manager bought his CV home about 8 years ago for a few hundred thousand and now the house is worth over a million. I wouldn't consider him rich since he makes about $80k a year and his wife stays at home.

The fact that your old manager can live in CV on an $80k single person family salary to my mind means that obviously he's must be doing something right 🙂

 

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

—– Sour grapes for everyone!

[Coronita]

AA,

There is one thing I think is evident. You can't judge how "rich" a person is based on the appearances alone. I'll add the flip side of the coin.

My old manager bought his CV home about 8 years ago for a few hundred thousand and now the house is worth over a million. I wouldn't consider him rich since he makes about $80k a year and his wife stays at home.

The fact that your old manager can live in CV on an $80k single person family salary to my mind means that obviously he's must be doing something right 🙂

 

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

—– Sour grapes for everyone!

[Coronita]

AA,

There is one thing I think is evident. You can't judge how "rich" a person is based on the appearances alone. I'll add the flip side of the coin.

My old manager bought his CV home about 8 years ago for a few hundred thousand and now the house is worth over a million. I wouldn't consider him rich since he makes about $80k a year and his wife stays at home.

The fact that your old manager can live in CV on an $80k single person family salary to my mind means that obviously he's must be doing something right 🙂

 

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

—– Sour grapes for everyone!

[Coronita]

AA,

There is one thing I think is evident. You can't judge how "rich" a person is based on the appearances alone. I'll add the flip side of the coin.

My old manager bought his CV home about 8 years ago for a few hundred thousand and now the house is worth over a million. I wouldn't consider him rich since he makes about $80k a year and his wife stays at home.

The fact that your old manager can live in CV on an $80k single person family salary to my mind means that obviously he's must be doing something right 🙂

 

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

—– Sour grapes for everyone!

[Ren]

I’ve heard “rich” defined as not having to work for your money but being in the position of your money working for you.

I’ll go along with that too. However, for me, the process of making my money work for me (investing and managing my business) is fun. I’d like to see it one day go from 50 hours a week to 20, though.

As for worldly goods, where you draw the line between rich and not rich depends on the person. I have no desire to own a casino or 200-foot yacht, but 3,000 sq ft on a half acre with an ocean view and a GT2 in the garage would be nice.

[Ren]

I’ve heard “rich” defined as not having to work for your money but being in the position of your money working for you.

I’ll go along with that too. However, for me, the process of making my money work for me (investing and managing my business) is fun. I’d like to see it one day go from 50 hours a week to 20, though.

As for worldly goods, where you draw the line between rich and not rich depends on the person. I have no desire to own a casino or 200-foot yacht, but 3,000 sq ft on a half acre with an ocean view and a GT2 in the garage would be nice.

[Ren]

I’ve heard “rich” defined as not having to work for your money but being in the position of your money working for you.

I’ll go along with that too. However, for me, the process of making my money work for me (investing and managing my business) is fun. I’d like to see it one day go from 50 hours a week to 20, though.

As for worldly goods, where you draw the line between rich and not rich depends on the person. I have no desire to own a casino or 200-foot yacht, but 3,000 sq ft on a half acre with an ocean view and a GT2 in the garage would be nice.

[Ren]

I’ve heard “rich” defined as not having to work for your money but being in the position of your money working for you.

I’ll go along with that too. However, for me, the process of making my money work for me (investing and managing my business) is fun. I’d like to see it one day go from 50 hours a week to 20, though.

As for worldly goods, where you draw the line between rich and not rich depends on the person. I have no desire to own a casino or 200-foot yacht, but 3,000 sq ft on a half acre with an ocean view and a GT2 in the garage would be nice.

[Author]

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