What is a rich person? - Mercedes-Benz Forum

View Poll Results: What's an appropriate net assest value to be considered rich?
$50,000 1 4.55%
$100,000 1 4.55%
$250,000 0 0%
$500,000 2 9.09%
$800,000 0 0%
$1,000,000 2 9.09%
$2,000,000 4 18.18%
$5,000,000+ 12 54.55%
Voters: 22. You may not vote on this poll

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post #1 of 36 (permalink) Old 05-04-2009, 01:50 PM Thread Starter
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What is a rich person?

In terms of $$ net assets.
Try not to get into other esoterica forms of wealth, you know like knowledge and stuff some of the people on the right lack and envy.
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post #2 of 36 (permalink) Old 05-04-2009, 01:51 PM
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Income that exceeds outgo.
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post #3 of 36 (permalink) Old 05-04-2009, 01:54 PM
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post #4 of 36 (permalink) Old 05-04-2009, 01:59 PM
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post #5 of 36 (permalink) Old 05-04-2009, 01:59 PM
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I say anything over 500K. I was going to say 250K but yeah, being rich would start at the 1/2 mil asset mark. I guess with income you would never want to be on either extreme during a life time. Being flat broke doesn't cut it, and being over rich warrants fear of loosing said assets or ones life.






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post #6 of 36 (permalink) Old 05-04-2009, 02:17 PM
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Quote:
Originally Posted by slybydesignw210 View Post
I say anything over 500K. I was going to say 250K but yeah, being rich would start at the 1/2 mil asset mark. I guess with income you would never want to be on either extreme during a life time. Being flat broke doesn't cut it, and being over rich warrants fear of loosing said assets or ones life.
Well if you live in southern California and have a 3 bedroom home in a middle class area, 2 cars, 401K, etc. you are rich. 500k? That is how much your home alone costs in that area.

Who's John Galt.

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post #7 of 36 (permalink) Old 05-04-2009, 02:24 PM
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100 million is the entry.
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post #8 of 36 (permalink) Old 05-04-2009, 02:28 PM
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100 million is the entry.
Depends what the meaning of is, is.
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post #9 of 36 (permalink) Old 05-04-2009, 02:29 PM
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heh, heh......I say awfully boring, ole chap! heh, heh......
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post #10 of 36 (permalink) Old 05-04-2009, 02:48 PM
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$1,000,000 can go pretty quick. If you have $2,000,000 or more in net assets, you should never be broke nor want again, ever.
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