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Topic: Critical Issue: What is "rich"?

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Cincydawg

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Critical Issue: What is "rich"?
« on: May 19, 2023, 04:03:16 PM »
Think of in a general sense, not some isolated situation.  NAV is the key, not income.  If a person or couple has $X million, you'd consider them to be rich.
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847badgerfan

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Re: Critical Issue: What is "rich"?
« Reply #1 on: May 19, 2023, 04:07:30 PM »
5
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Benthere2

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Re: Critical Issue: What is "rich"?
« Reply #2 on: May 19, 2023, 06:00:14 PM »
what would everyone consider poor or average in the US
my guess is it differs which part of the country you are living
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MrNubbz

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Re: Critical Issue: What is "rich"?
« Reply #3 on: May 19, 2023, 06:21:20 PM »
Depends on how much you keep from the Gov't
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bayareabadger

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Re: Critical Issue: What is "rich"?
« Reply #4 on: May 19, 2023, 11:33:04 PM »
I factor income in.

I have friend who are hauling in at least $290k as a household (I think). No idea what's in the bank, but I consider them at least lightly rich.
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longhorn320

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Re: Critical Issue: What is "rich"?
« Reply #5 on: May 20, 2023, 12:12:33 AM »
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OrangeAfroMan

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Re: Critical Issue: What is "rich"?
« Reply #6 on: May 20, 2023, 01:21:17 AM »
Other.
Your poll choices are exactly what I was talking about.  1 million bucks in the bank is the lowest option?  What???
.
Being rich is having options.  Being comfortable.  Budgeting as a good idea, not a necessity to avoid homelessness.  Choosing where you want to live and not living where the market forces you.  
.
Part of why I believe most here live in an economic bubble and think my description is nuts is because you're mostly older.  Let's chalk it up to age.
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Hawkinole

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Re: Critical Issue: What is "rich"?
« Reply #7 on: May 20, 2023, 01:39:34 AM »
Rich is when you have friends and family that love you, and support you.
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847badgerfan

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Re: Critical Issue: What is "rich"?
« Reply #8 on: May 20, 2023, 08:01:10 AM »
Quote from: OrangeAfroMan on May 20, 2023, 01:21:17 AM
Other.
Your poll choices are exactly what I was talking about.  1 million bucks in the bank is the lowest option?  What???
.
Being rich is having options.  Being comfortable.  Budgeting as a good idea, not a necessity to avoid homelessness.  Choosing where you want to live and not living where the market forces you. 
.
Part of why I believe most here live in an economic bubble and think my description is nuts is because you're mostly older.  Let's chalk it up to age.
Or maybe it's because you're posting on a board with a bunch of engineers, lawyers and financial guys.
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Cincydawg

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Re: Critical Issue: What is "rich"?
« Reply #9 on: May 20, 2023, 08:48:43 AM »
The poll is simply an attempt to generate a board consensus, not everyone has to agree obviously, and there isn't any certain definition of the term otherwise.  So, we're not seeking the "right answer", because there isn't one.  We're seeking merely opinions.  But I'm sure a few might think THEY have the "right answer" and everyone else is wrong.

fine.
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OrangeAfroMan

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Re: Critical Issue: What is "rich"?
« Reply #10 on: May 20, 2023, 08:51:51 AM »
Quote from: Cincydawg on May 20, 2023, 08:48:43 AM
The poll is simply an attempt to generate a board consensus, not everyone has to agree obviously, and there isn't any certain definition of the term otherwise.  So, we're not seeking the "right answer", because there isn't one.  We're seeking merely opinions.  But I'm sure a few might think THEY have the "right answer" and everyone else is wrong.

fine.
I'm sure this is aimed at me........except I totally agree with your post.
I simply voted "other."  No need to get your panties in a bunch.
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OrangeAfroMan

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Re: Critical Issue: What is "rich"?
« Reply #11 on: May 20, 2023, 08:53:04 AM »
Quote from: 847badgerfan on May 20, 2023, 08:01:10 AM
Or maybe it's because you're posting on a board with a bunch of engineers, lawyers and financial guys.
Sure, that too.
So being aware of that, maybe there's no reason for some of you to downplay your obvious wealth.  
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Cincydawg

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Re: Critical Issue: What is "rich"?
« Reply #12 on: May 20, 2023, 08:55:42 AM »
I think another factor is age.  A person who is 25 will have a different perspective than one who is 65 and has saved all his life for retirement.  The latter can look at a million dollar pot and realize it's not really adequate, depending.  The former may well view a million as an aspirational goal someday.
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847badgerfan

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Re: Critical Issue: What is "rich"?
« Reply #13 on: May 20, 2023, 08:57:02 AM »
Downplay? Like others, I like nice things. We discuss here. Much of our discussions would be gone if we didn't talk about travel, cars, places to live, etc. 

If not talking about those things is downplay, well, I'm not playing. And this board is probably toast.
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