How would you define rich (financially)?

[Zander]

What is financially rich, anyway? Most people don't equate wealth with a yacht in the Mediterranean and a house on every continent (that might be nice though!). What is rich to you?

 

[Trajan]

liquid, aside from annual income of over a million......liquid as in stocks bonds assets wholly owned not under lien/mortgage.

 

[percysunshine]

Cheese cake is rich.

 

[Artevelde]

I would go with having enough money and assets so that you don't have to work for a living.

 

[Douger]

Rich=Not having to worry about future chaos.
Wealthy= Not really having any idea how rich you are.

Of course I'm using the murkin definition.

 

[Defiant1]

It doesn't matter how much money you have, you aren't rich unless you have an (R) next to your name.

I've read that on the internets......

 

[Douger]

It doesn't matter how much money you have, you aren't rich unless you have an (R) next to your name.

I've read that on the internets......

One thing about it....if you're living in SOFLO and can afford a computer and internet you ARE rich.

 

[zzzz]

Assets in excess of a million US dollars is a good cut off. Of course those with more money usually spend more money and the outflow percentage of capitol may be close to others in a lower bracket making the rich person feel like they are not all that rich.

Its all relative.

 

[ThinkCritically]

rich is having enough money to never work another day for the rest of your life....Additionally the majority of your money is safely invested (not the market)

 

[Dude111]

Being able to PRINT $$$$ AT WILL and not ever being w/o!!

 

[PoliticalChic]

What is financially rich, anyway? Most people don't equate wealth with a yacht in the Mediterranean and a house on every continent (that might be nice though!). What is rich to you?

What would the money mean if one had a terminal disease?

Or despised one's spouse.

Or had no self-respect.


Rather than 'income,; rich should be define in terms how one uses whatever income one has:

'That man is the richest whose pleasures are the cheapest.'-Thoreau


I have often thought that winning the lottery would be wasted on me.

 

[ScreamingEagle]

rich is having enough money to never work another day for the rest of your life....Additionally the majority of your money is safely invested (not the market)

if rich is having enough to never work again.....one could say those on perpetual welfare are rich.....

 

[ScreamingEagle]

What is financially rich, anyway? Most people don't equate wealth with a yacht in the Mediterranean and a house on every continent (that might be nice though!). What is rich to you?

Obama originally said rich is a couple making $250k......i guess that means if your individual income is $125k you are rich....

Is "upper class" rich.....? if $97k per family is rich then i guess that means an individual income of $48.5k is considered rich....

BO seems to keep redefining (down) what it really means to be rich.....

[ame=http://www.youtube.com/watch?v=z-SavgJlBLA&feature=related]Obama: families making $97,000 are "upper class" and should pay more taxes - YouTube[/ame]

 

[Toro]

I used to think $3 million was rich.

Now, I work with people who make that in a week.

 

[percysunshine]

How would you define rich (financially)?

Enough juice to get the government to pay the tab for my hooker habit.

 

[The Infidel]

It doesn't matter how much money you have, you aren't rich unless you have an (R) next to your name.

I've read that on the internets......

 

[AquaAthena]

What is financially rich, anyway? Most people don't equate wealth with a yacht in the Mediterranean and a house on every continent (that might be nice though!). What is rich to you?

By a debt to income ratio. One can look very wealthy on paper, but their indebtedness can be very high which would negate any reality of wealth.

 

[iamwhatiseem]

I would say anyone with a net liquid worth of at least $1 million.