"For Millionaires 'Wealthy' Is $7.5 Million"



Hmm that's strange cause I figure you need about $60 million to be wealthy
 
According to the article, "There are about 5.5 million U.S. households with at least $1 million in assets, or about 5 percent of the population."

Personally, I don't typically call someone that has $1 million in assets a millionaire. Because then you have dipshits that simply have "control" of $1 million in assets claiming to be a millionaire. Such as the ones that are tied to a million dollar mortgage.

Silly fucktards actually believe that because they're financially chained to (and owe 70%+ on) 4 walls that are..."worth"...$1+ million that they're a millionaire.


 
  • Like
Reactions: Medici
Being rich is all about earning 'X' and being able to buy all you want with that money.

If you make 60k a month and spend 40k a month with all the stuff you want / need then you are rich.

If you make 60k a month, but spend 70k you are not rich because you are spending more than you earn and you will end up fighting debt.
 
Beach Affiliate said:
According to the article, "There are about 5.5 million U.S. households with at least $1 million in assets, or about 5 percent of the population."

Personally, I don't typically call someone that has $1 million in assets a millionaire. Because then you have dipshits that simply have "control" of $1 million in assets claiming to be a millionaire. Such as the ones that are tied to a million dollar mortgage.

Silly fucktards actually believe that because they're financially chained to (and owe 70%+ on) 4 walls that are..."worth"...$1+ million that they're a millionaire.
Click to expand...

I've done marketing campaigns targeting people with $1m+ in investable assets, so I know what the def is. $1m in investable assets does not include the value of your primary residence. It can however include the value of other real estate properties.
 
Those with that much wealth have much more to lose and way too many responsibilities for my likings. I would rather have less money, more time and enjoy a comfortable and worry-free life, although I am sure it's possible to have both if you're smart.
 
artur27 said:
Being rich is all about earning 'X' and being able to buy all you want with that money.

If you make 60k a month and spend 40k a month with all the stuff you want / need then you are rich.

If you make 60k a month, but spend 70k you are not rich because you are spending more than you earn and you will end up fighting debt.
Click to expand...

No, Robert Kiyosaki student, $60k/mo is not "rich."

What you're talking about is called living within your means and people should be doing it any damn way.
 
adionline said:
Those with that much wealth have much more to lose and way too many responsibilities for my likings. I would rather have less money, more time and enjoy a comfortable and worry-free life, although I am sure it's possible to have both if you're smart.
Click to expand...
peasant-spotted.png


Dude, you know you don't have to buy anything just because you're rich, right?

You can leave every cent you make in investments/accounts and live like a pauper all day long. In fact I've done that, and can highly recommend all new "rich" folk do that themselves.
 
lukep said:
peasant-spotted.png


Dude, you know you don't have to buy anything just because you're rich, right?

You can leave every cent you make in investments/accounts and live like a pauper all day long. In fact I've done that, and can highly recommend all new "rich" folk do that themselves.
Click to expand...

I'm starting to like lukeps posts
 
To me a millionaire means 10 million+ in liquid assets. Multi millionaire is 100+ million.

Retirement below 1 million in assets is pretty much poverty.
 
Hello friends,

In today world true rich are those with net worth over 1 billion.

Millionaire are just people who have a little more money then average.

Good luck bros
 
The thing is, there are people who win millions in the lottery and end up broke within a few years. I wouldn't say they were ever wealthy.

Being able to make enough money through investments to live comfortably without doing any "real work" is my definition of wealthy. Whether that's $1000/month or $1,000,000/month doesn't matter.

Some guy moving to Ecuador and living a nice life off his pension and some rental income is wealthy in my book, just not on the same level as Warren Buffet or Carlos Slim.
 
artur27 said:
Being rich is all about earning 'X' and being able to buy all you want with that money.

If you make 60k a month and spend 40k a month with all the stuff you want / need then you are rich.

If you make 60k a month, but spend 70k you are not rich because you are spending more than you earn and you will end up fighting debt.
Click to expand...

<Hippie>
Nah man, like, being rich is not needing 60k a month man. Just being happy with where you're at man.

Oh wealth? That's a whole different story man.
</Hippie>
 
turbolapp said:
To me a millionaire means 10 million+ in liquid assets. Multi millionaire is 100+ million.

Retirement below 1 million in assets is pretty much poverty.
Click to expand...

That sounds good, but you're wrong unless we're all allowed to make up new definitions of words when ever we want.
 
You must log in or register to reply here.
Top Bottom