Reply to What HHI is indisputably RICH in a HCOL area?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you can’t live off your wealth, you aren’t rich.  Income shouldn’t matter.  [/quote]

Then, rich is relative because my investments generate a half million a year, but I spend only $150k/year. So, by your definition, I’m rich. However, my wealth wouldn’t support the lifestyle of the posters in this thread. So, am I rich or poor?[/quote]

+1
My investments generate ~1M and my W2 income is almost that.  My lifestyle is very UMC.  We live on ~200-300k.  I can't imagine wanting a lifestyle that requires $1M!  So strange to me.  I'd be so out of touch with humanity and the people I see as peers.  I'd feel isolated and unrelatable.  It's so bizarre to me that there exists people that crave this.  It makes me wonder about their value system.  We have 3 homes and 4 kids in private school/college and I feel comfortable in that crowd - country clubs, skiing, etc.  Really we don't need more than what we have.  Ok, if we had to save aggressively then add savings on top of the 200-300k.[/quote]

You have three homes and four children in private on an income of $200K and are in the country club crowd but can’t relate to people with $1m HHI. It sounds like you have family money and life a similar lifestyle to people with $1m HHI. You’re not giving off “of the people vibes.”[/quote]

I don't relate to people who want private jets, first class for the family, designer everything, luxury vacations at the Four Seasons in the most remote parts of the world.  What I'm saying is most people in that crowd (what i consider the rich UC crowd) don't live that way.  Yet people here insist they do - they don't.  Some of them have some of those things.  I have 3 homes, for example, but I don't have all those things, nor do I want them.  And, yes, you're right that we are not climbing to reach where we are; we are coasting - and it's much cheaper to coast than climb.[/quote]

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