Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 01-02-2008, 08:30 PM   #61
Recycles dryer sheets
Join Date: May 2007
Posts: 331
This thread reminds me of an old stand up comedy routine from the seventies. I wish I could remember the source, but can't. Anyway the comedian said that he had determined that the cost of living was always whatever his salary was plus $40. I think most of us consider "rich" to be some number more than what we have. My portfolio plus $500,000 sounds about right.

Cruisinthru is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-02-2008, 09:04 PM   #62
Recycles dryer sheets
Join Date: Nov 2007
Location: Quezon City, Philippines
Posts: 91
Send a message via Skype™ to imnxpat
Originally Posted by brewer12345 View Post
Rich to me means being wealthy enough that you really don't have to care about money ever again.
I agree, but "wealthy enough" is relative to one's life style. For me, having enough to live comfortably part of the year here in the Philippines and the other part in the U.S. in a modest but comfortable home or apartment.

imnxpat is offline   Reply With Quote
Old 01-03-2008, 09:54 AM   #63
Thinks s/he gets paid by the post
Milton's Avatar
Join Date: Apr 2007
Posts: 1,937
Originally Posted by RetireeRobert View Post
I agree. $5 million is rich.
Not according to Robert Frank's book Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich (2007). He says that by current standards, you need at least $10 million to be considered "entry-level rich".
"If at any times we must deal in extremes, then we prefer the quiet, good-natured hypocrite to the implacable, turbulent zealot of any kind. In plain terms, we are not so fond of any set of notions, as to think them more important than the peace of society". John Toland, The Description of Epsom (1711)
Milton is offline   Reply With Quote
Old 01-03-2008, 12:08 PM   #64
Recycles dryer sheets
Join Date: Aug 2007
Location: S.W. Minnesota
Posts: 134
Back to the Little House on the Prairie theme,
Rich is a warm house with indoor plumbing(and the ability to get to it by yourself)

We're all richer than the kings of yore.
waltwill8 is offline   Reply With Quote
Old 01-03-2008, 12:50 PM   #65
Recycles dryer sheets
Join Date: Jan 2005
Posts: 310
Rich is when you can give away enough to affect others' lives but not feel or notice it.

P.S. is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Great article "Ten Reasons You Aren't Rich" Surfdaddy FIRE and Money 5 03-24-2007 12:19 AM
5 Lessons from the "rich" tryan FIRE and Money 73 03-22-2007 05:15 PM
How'd you spoil yourself when you feeling "rich"? Enuff2Eat FIRE and Money 67 09-25-2006 09:34 AM
"Getting Rich: The Poor Man's Guide" frayne Young Dreamers 8 05-23-2006 01:08 PM
Book reports: "Blink" & "Tipping Point" Nords Other topics 2 12-04-2005 04:15 PM


All times are GMT -6. The time now is 09:27 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.