Anonymous
Post 12/15/2022 22:56     Subject: Re:So just what does it take to be considered “rich” In Washington DC?
Anonymous wrote:$10M in stocks/bonds is the answer to this question.


Rental real estate doesn't count?
Anonymous
Post 12/15/2022 18:56     Subject: Re:So just what does it take to be considered “rich” In Washington DC?
$10M in stocks/bonds is the answer to this question.
Anonymous
Post 12/15/2022 18:06     Subject: So just what does it take to be considered “rich” In Washington DC?
Anonymous wrote:If you have to work, you’re not rich. End of story.


I mean, maybe, but lots of people who think they’re middle class or UMC wouldn’t have to work if they didn’t also “have” to have a bunch of UMC lifestyle trappings. Either they’re 5 years away from a lean FIRE net worth or they already have one.
Anonymous
Post 12/15/2022 17:57     Subject: So just what does it take to be considered “rich” In Washington DC?
If you have to work, you’re not rich. End of story.
Anonymous
Post 12/15/2022 17:48     Subject: Re:So just what does it take to be considered “rich” In Washington DC?
$350K is the entry point now.
Anonymous
Post 12/15/2022 15:37     Subject: So just what does it take to be considered “rich” In Washington DC?
Who cares!
Anonymous
Post 12/15/2022 15:35     Subject: So just what does it take to be considered “rich” In Washington DC?
Rich is in the eye of the beholder. I grew knowledge LMC and I feel rich because I can buy out-of-season produce, lessons for my kids, and vacations that require a plane ride. Some people on this board can do all that and feel “solidly middle class.”
Anonymous
Post 12/15/2022 15:33     Subject: So just what does it take to be considered “rich” In Washington DC?
Anonymous wrote:A rich person in DC doesn't have a salary. They have wealth that grows. And they have nothing in common with me. And the growth of their wealth depends on large companies and public institutions make decisions that go against the public good most of the time.


*making decisions
Anonymous
Post 12/15/2022 15:33     Subject: So just what does it take to be considered “rich” In Washington DC?
A rich person in DC doesn't have a salary. They have wealth that grows. And they have nothing in common with me. And the growth of their wealth depends on large companies and public institutions make decisions that go against the public good most of the time.
Anonymous
Post 12/15/2022 15:31     Subject: So just what does it take to be considered “rich” In Washington DC?
Paradoxically the only way you could live the lifestyle of a "rich" person on $198K in DC is by living somewhere no rich person would ever want to live, thereby making your lifestyle not rich.
Anonymous
Post 12/14/2022 22:55     Subject: Re:So just what does it take to be considered “rich” In Washington DC?
Considered rich to who exactly? After a certain point it’s all relative to your circle.
Anonymous
Post 12/14/2022 22:38     Subject: Re:So just what does it take to be considered “rich” In Washington DC?
Anonymous wrote:Having great health.


.+1 bazillion.
Anonymous
Post 12/14/2022 21:48     Subject: So just what does it take to be considered “rich” In Washington DC?
Anonymous wrote:Not caring about the extra charge for guacamole at Chipotle


This!

Not the nose job etc...