What the hell is rich anyways?

[Anonymous]

Anonymous wrote:

Anonymous wrote:if you have 400k in liquid assets, you are comfortably poor. what kind of shit is this?

the chart also is stupid because it doesn't take age into account. is a 23 year old kid working at a hedge fund making 350k "comfortably poor" because he's only banked 100 grand?

HENRYs

Not PP, but this is "high earners, not rich yet" for the ??? PP.

[Anonymous]

I do not care who is rich, I do not care what is rich. Live your life to the best of your ability, and take pleasure in the life you have created.

[Anonymous]

Anonymous wrote:I do not care who is rich, I do not care what is rich. Live your life to the best of your ability, and take pleasure in the life you have created.

I would agree but our politicians want to stick to the rich and are fueling class warfare. So what is rich and who should be taxed at what rate? As it stands right now you can make $500,000 and be taxed as the same rate as $500,000,000.

[Anonymous]

Only in dcumland, OP.

Can you hear the collective eyeroll?

[dimasok]

Anonymous wrote:if you have $10 million, you are rich. assuming a 4% return annually, that throws off 400 grand a year. this is not "comfortably off" or whatever the list says it is.

did this come out of "rich dad, poor dad"?

10 million is not rich if you want to buy the truly expensive stuff

http://coolmaterial.com/roundup/mark-zuckerberg-6-9-billion/

Yacht alone would cost you $200 million