Reply to Ok can we stop saying $300k is "rich" in DC?

Forum Index » Money and Finances

Reply to "Ok can we stop saying $300k is "rich" in DC?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Funny how folks quote HHI. I worked on Wall Street 30 years before taking a job in the D.C. Area. Folks always would rate rank on your income alone. Spouses income and investment income etc don't count. I say a guy making 350k starts a good income, 500k is next level and a one million salary is holy grail. HHI is not a good indicator of how well someone is doing.

Also middle class is a lifestyle not an income level. [b]My old CEO[/b] lived in same house he always lived in since his 20s and [b]gave 90 percent of income to charity[/b]. Most of rest was a trust for kids. He lived a blue collar lifestyle complete with a small split level on a 69x100 plot. Nice guy. The year we did IPO he made more than Oprah Winfrey or any pro player or singer. Still drove a minivan. His pay was around 100 million that year. Most stock as he founded company that did IPO.

[/quote]

Most here could learn a lot from this. But they won't, because they're too mired in greed to think about anything beyond hoarding as much money as possible forever and ever (praise Satan!).[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics