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Reply to "s/o what is rich - net worth"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My personal thought is a NW of around $10M. at $10M, you could put your money away, and earn 3%, or around $300K a year which buys you a very nice lifestyle without touching principle. To me, rich is not needing to work, or working because you want to. If you are still working, still saving, you might be a high earner, might be affluent, but you still have goals and bills to pay so you aren't rich - even if you are well on your way. [/quote] I would agree with this - maybe it could go as low as 5-6 mil. [b]Anyone who is 30-50 years old and has 2-3 million still has to work (although can probably cut back to a cush job that just covers expenses). [/quote][/b] That's excessive. It takes a LONG time to get to a few M.[/quote]
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