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Reply to "Are you considering youself rich?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I consider ourselves rich yes, though we would never phrase it that way. Our great-great-grandchildren will never have to work. We know we are outrageously lucky.[/quote] At least someone here admits to being wealthy.[/quote] Because that poster is clearly truly wealthy. Making 1M/yr and having a mortgage on a 2m home isn't wealthy in the sense one should define wealth -- the wealthy don't have to work, don't have to budget, and don't have to second-guess a damn thing.[/quote] this is stupid. by that definition, an entertainer isn't wealthy even if they earn $10 million a year, if they own a $20 million home in Santa Barbara with a mortgage, and have to plan because their career will probably only last 5-10 years?[/quote] That's precisely it. The vast majority of entertainers and sports figures are rich. They don't have wealth, they have riches-it flows through their hands like water and requires continuous replenishing. Wealth sustains itself.[/quote]
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