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Reply to "At what net worth are you considered wealthy ?"
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[quote=Anonymous][quote=Anonymous]For what it's worth, we use a few services (banking, investments, etc.) that are geared toward high net worth individuals, and they pretty much all define high net worth as $10mm+ in liquid assets, with the general expectation that you will have real property and other long-term investments on top of that. I would say that would mean "wealthy" means $10mm liquid assets, maybe $15-20mm total net worth. [/quote] We have 40 million and have nowhere close to 10 million in liquid assets. Why would we have it sitting around, not making money? Maybe there is million that is liquid? We only have a mortgage on one of our houses for the tax right off. Other real estate and cars paid off.[/quote]
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