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Thru most of my 20s, I lived a simple life on less than $10,000 a year. I won't say that I felt rich, but I experienced far more freedom and enjoyment than I do now, earning significantly more money. Point is, if a person is not happy and enjoying their life, no amount of money qualifies that person as rich...at least in my mind.
I consider it being rich.The MOST I have ever made is half that amount and I'm doing pretty well for myself.
So while people who are making that much are spending that amount (or more) and don't consider themselves to rich, most people will NEVER make that much in a single year.
Hence...the lucky 300k earners are rich.
Or will be if they save some of it...LOL
Thru most of my 20s, I lived a simple life on less than $10,000 a year. I won't say that I felt rich, but I experienced far more freedom and enjoyment than I do now, earning significantly more money. Point is, if a person is not happy and enjoying their life, no amount of money qualifies that person as rich...at least in my mind.
Of course, $10,000 was a lot of money in the early 60's! Just kidding, when was that?
Its a stupid question and thread as the percentage of 300,000 subject to living arrangements, (local) is
substantial, no doubt about it
Besides...Websters ...rich, Wealthy having Rich's, abounding in (plentiful)
So wheres the Rich's the Lamborghini, the diamond bracelets the 52mil yachyt...?
Looks like some peony baloney trying to put his or her nose up in the air out of basic insecurity.
....Give me a break or lets see the Rich's , Mr 300,000
Many presume that word to mean some sort of physical labor - which of course is not necessarily the case. "Work" can mean doing something smarter rather than "harder"
If one can make a good living by opening that Donut Shop, then as long as they make good creme filled donuts, more power to 'em.
Hey its never a good living when you make people work all day with no break for min wage ....baloney money.
Low intelligence always finds a way to beg , regardless of need.
Begging off your workers with your hand out like a gruff under a bridge
is rather low in existence.....
mostly seen within the intellectually slow crowd.
I suppose if its difficult to comprehend above, it would be necessary to
experience for a few years with the dreaded dwelling costs that these
people endure.
And all for what.....you call it...."more power to him"
I call it.....collapse in self worth.
It's been asked at what salary level is someone considered rich, and there has been some very interesting insight.
My question is, if a family has a combined income of $300,000 a year, are they considered "rich". Of course everything is relative, but in most parts of the US is this considered wealthy?
While this figure is clearly a large sum, I think it depends how old one is when they earn this kind of money which determines whether or not they are rich. If it's someone in their 30's or even 40's, I would argue that they are affluent (not rich).
But if it's someone in their 50's or 60's (who has yet to pay off their mortgage, drives luxury automobiles, travels extensively, dresses to the nines, enjoys fine wine and food) I would say they are not.
Even though a salary of $300,000 puts one in the top .9% of US income earners, I still do not consider this figure to be "rich". Do you?
You're blurring the line between "income" and "net worth." Your first example illustrates income, second example with the 50s/60s yr old person is an example of net worth.
Income of 300K is rich, net worth of 300K at age 50/60 is not rich.
You're blurring the line between "income" and "net worth." Your first example illustrates income, second example with the 50s/60s yr old person is an example of net worth.
Income of 300K is rich, net worth of 300K at age 50/60 is not rich.
Hes not blurring any line if you read what he says....where is net worth suggested in 50-60....all he says is the mortgage isn't paid and the lifestyle is aggressive in costs.
Where do you comprise net worth in second example where evidently there is zero net worth with an income of 300,000 ?
The final conclusion in comment makes perfect sense.
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