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Aug 6, 2019
4:31
:13
pm
Colorado
All-American
if you’re living off of $3M, 6% is actually not that easy to guarantee
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Colorado
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cu-coug
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Colorado
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Mar 3, 2011
Last login
May 4, 2024
Total posts
15,792 (259 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.
Gerald-DeGroot
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
fortuitousfred
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.
fortuitousfred
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.
fortuitousfred
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.
displacedute
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.
displacedute
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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