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Old 01-02-2008, 08:30 PM   #61
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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.

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Old 01-02-2008, 09:04 PM   #62
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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.

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Old 01-03-2008, 09:54 AM   #63
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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".
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
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Old 01-03-2008, 12:08 PM   #64
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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.
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Old 01-03-2008, 12:50 PM   #65
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Rich is when you can give away enough to affect others' lives but not feel or notice it.

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