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How to Tell if You Are Wealthy
Old 04-22-2011, 03:15 PM   #1
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How to Tell if You Are Wealthy

If you need a yardstick...

How to Tell if You Are Wealthy - Yahoo! News
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Old 04-22-2011, 03:42 PM   #2
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A sense of perspective helps. Even if your friends are all multi-millionaires, it's worth remembering that half of all households in the US make do on less than $50K per year. If you're taking down triple, quadruple, quintuple, . . . you're wealthy. It doesn't matter if you're struggling to pay junior's private tuition bill you're still wealthy.
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Old 04-22-2011, 04:37 PM   #3
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Count your friends....
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Old 04-22-2011, 04:46 PM   #4
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Count your friends....
+1. And your blessings.
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Old 04-22-2011, 05:05 PM   #5
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Count your friends....
If you have a handful of good friends, you are truly wealthy. And, yes, one's blessings, too...too numerous to mention if I am totally honest with myself.
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Old 04-23-2011, 01:11 AM   #6
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I found it interesting that they listed checking price tags.... heck, I will be checking price tags my whole life...... even if I won a $100 million lottery... it is the way that I am...
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Old 04-23-2011, 06:38 AM   #7
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I think the number of "wealthy " people is way understated. If you add city county state and federal employes with pension annuities worth a million and multi millions plus criminals, drug dealers etc there are a lot of millionaires out there. A small business owner who saved a million or two for retirement and has no pension feels no wealthier than a Miami detective I know who has a multimillion dollar retirement annuity.
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Old 04-23-2011, 06:42 AM   #8
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...a Miami detective I know who has a multimillion dollar retirement annuity.
Heck, just take your personal estimated SS at FRA and multiply x 25. For many of us, the value will put us well on the way to $1M.
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Old 04-23-2011, 08:23 AM   #9
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It's kind of like pornography. You know it when you see it, and, some of it may look like it to you, but not to others.
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Old 04-23-2011, 08:28 AM   #10
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A small business owner who saved a million or two for retirement and has no pension feels no wealthier than a Miami detective I know who has a multimillion dollar retirement annuity.
+1
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Old 04-23-2011, 09:13 AM   #11
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At least this article recognized that "wealthy" is a subjective word. You're wealthy (in financial terms) when you feel certain ways about money. "I realized that I don't need to check price tags" for example.

The article correctly observed that there are a number of such statements, some of us connect more with one than with another.

Here's one that I would connect with me. "I'd feel financially wealthy if I took multiple vacations per year that involved flying, and it never occurred to me to look at the coach fares."

But "wealth" is really a continuum, so here's another level. "I'd feel financially wealthy if I took multiple vacations per year that involved flying, and it never occurred to me to fly commercial."
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Old 04-23-2011, 09:24 AM   #12
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This is kind of a reality check, the Global Rich List:

Global Rich List

According to them, with a $20k/year income you're still in the top 11.16% in the world.

It's all relative I suppose. A number of family members would be hard-pressed to pay for something as basic as a new furnace. We'd just sigh and write the check.
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Old 04-23-2011, 02:25 PM   #13
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Then you have the distinction between wealthy and "truely wealthy". I'll take just being comfortable + good health.
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Old 04-23-2011, 02:30 PM   #14
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It's very easy. If women 30 or more years younger than you are hinting that they might like to get to know you, you are wealthy- and in the good old fat-cat money way, not some lame new age definition.

Also good, but not as specific- if you annoy the hell out of liberals you may be wealthy.

Ha
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Old 04-23-2011, 07:27 PM   #15
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It's very easy. If women 30 or more years younger than you are hinting that they might like to get to know you, you are wealthy- and in the good old fat-cat money way, not some lame new age definition.
And here I thought it was my good looks. Thanks for bursting my bubble
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Old 04-25-2011, 07:38 AM   #16
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It's very easy. If women 30 or more years younger than you are hinting that they might like to get to know you, you are wealthy- and in the good old fat-cat money way, not some lame new age definition.

Also good, but not as specific- if you annoy the hell out of liberals you may be wealthy.

Ha
My new definition is you are wealthy if your yacht has space for two helicopters.

A former colleague of mine was relating a story about Microsoft Co-Founder Paul Allen. Mr. Allen is single but hopes to get married. (Ladies no need to worry about SWR if you marry Paul.) My colleague isn't a fan of the man.

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Then there is Paul the consumer. The way he spends money is distasteful. He appears to live like I imagine Donald Trump would like to live. And sadly, I think there are a lot of hangers-on. I once stood next to Paul at an Allen Conference (Herb Allen who is not a relation to Paul) and listen to Paul discuss Yacht building with a woman I did not know. The woman asked if he had a Helicopter Port on his boat. Paul looked at her as if she was from Mars and said ” where else could you put your Helicopter?”. He then told her that his boat had two. I wanted to puke.
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Old 04-25-2011, 07:58 AM   #17
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My new definition is you are wealthy if your yacht has space for two helicopters.
Only two?
Ho, hum.

Eclipse Motor Yacht

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The Eclipse features a 16m swimming pool, which can be covered to make a dance floor. The yacht accommodates three helicopters and a three-man private submarine, which can drive to a depth of 160ft.
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Old 04-25-2011, 08:19 AM   #18
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And here I thought people who had two cars were rich!!!
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Old 04-25-2011, 09:36 AM   #19
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It's kind of like pornography. You know it when you see it, and, some of it may look like it to you, but not to others.
It's kind of like buying a boat--if you have to ask "how much," you can't afford it. If we have to ask "Am I wealthy?", we're not.
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Old 04-25-2011, 10:56 AM   #20
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It's kind of like buying a boat--if you have to ask "how much," you can't afford it. If we have to ask "Am I wealthy?", we're not.
Agree. Those who are wealthy know it.
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