Reply to Who is unapologetically Rich

Forum Index » Money and Finances

Reply to "Who is unapologetically Rich"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]You don't need to be truly rich to do those things, but you do need to be comfortable. Truly rich means you can hire a private jet for your vacations and could have multiple houses around the world, etc.[/quote]

I see.  So privileged beyond belief compared to the rest of the world, developed or not is not considered rich on this forum.  You need to be Koch Brothers/Bill Gates rich to be truly rich.  Or at least movie star rich.  Got it.[/quote]

The criteria that were used to determine "rich" by OP are very middle class concerns. When you do it at the levels of income many are describing you are talking upper-upper-middle class. But the rich don't give a sh*t about 529s, IRAs, and occasional date night splurge meals. [/quote]

Agree. My brother sells high-end timeshares ($1-2M and up--for a 12-week SHARE) and for his clients, the $1M ski condo is usually their fifth or sixth place, after the main house, the apartment in New York, the house in Martha's Vineyard, the condo in Miami, and the yacht. They all have their own planes to travel among all these homes and a permanent staff or crew in each location. They wouldn't think twice about buying an Audi, let alone paying for sleep away camp or a $250 restaurant bill. And it's not just Bill Gates or the Koch brothers, there are hundreds of thousands of people in the US with ultra high net worth. Yes, a HHI of $250K or $500K is "rich" by any definition, but there are still worlds of differences between a $250K income and $2M in net worth and $30M in net worth. [/quote]

+100 Thee are many people around here with net worth $2M. It takes at least $10M to be "upper class" by net worth. That is the bottom.[/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