if you’re living off of $3M, 6% is actually not that easy to guarantee

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Aug 6, 2019
4:31:13pm

Colorado All-American

if you’re living off of $3M, 6% is actually not that easy to guarantee

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Colorado

Previous username: cu-coug
Bio page: Colorado
Joined: Mar 3, 2011
Last login: Jun 21, 2024
Total posts: 16,066 (261 FO)

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Messages

Author

Time

POLL: At what salary range is a person considered "well off, wealthy, or just rich"?

Pretorian

8/6/19 2:23pm

It’s 200k+ and you are living a whole different way.

8/6/19 2:24pm

How many kids do you have?

SandYFan

8/6/19 2:25pm

3

Pretorian

8/6/19 2:28pm

The lower amounts, you have to make for a lot of years and save a lot, or

Plato

8/6/19 2:25pm

Well off 200k, Rich 500k, Wealthy is about net worth more than annual salary.

chago04

8/6/19 2:31pm

Making just 100k puts you in the top 83% of all US households

8/6/19 2:48pm

so there is a 1% uptick from 100k to 200k.

Mayor of Cougartown

8/6/19 2:50pm

I misread the chart.

8/6/19 2:57pm

that makes a ton more sense.

Mayor of Cougartown

8/6/19 3:01pm

It depends on a lot of factors. $200K is rich by whole world standards but not

Colorado

8/6/19 3:02pm

Unless this info is incorrect your info is incorrect

TNT

8/6/19 3:03pm

Mine was for household income, not individual. Also mine was from 2014.

8/6/19 3:14pm

RE: Mine was for household income, not individual. Also mine was from 2014.

TNT

8/6/19 3:19pm

Oh. Forgive. TNT is new here

TNT

8/6/19 3:19pm

All your terms are not income based, they are balance sheet based

stoils

8/6/19 2:31pm

I see your point but a person in this situation is completely different from the

Pretorian

8/7/19 12:35pm

To me rich = high income, wealthy = High net worth

cougfanz

8/6/19 2:33pm

Your standard is too high. $3m in net worth will work out to

Plato

8/6/19 4:20pm

if you’re living off of $3M, 6% is actually not that easy to guarantee

Colorado

8/6/19 4:31pm

Give it to me. I'll guarantee it.

Plato

8/7/19 8:48am

Where you live would play a big role.

mik3

8/6/19 2:56pm

this kinda highlights an issue. Big household income doesn't turn into wealth

Mayor of Cougartown

8/6/19 3:25pm

They're different terms to me.

8/6/19 3:41pm

I similar but different. Well off is living well and within your means.

CougaRR4L

8/7/19 12:20pm

I think that's a fair definition.

8/7/19 12:22pm

Good point. And agreed on wealthy. It is often used that way.

CougaRR4L

8/7/19 12:28pm

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