Post # 1
Hi bees!! just wanted to get an opinion….i´ve always liked the phrase ” a small fortune” (you know….things you come across when reading jane austen and stuff like that when describing the cost of a ring….haha) but i wanted to get your opinion on what you think this means.
thank you very much for your time!!
Post # 3
I think of it more like $100,000. I mean, depends on what we’re referring to. If someone says their dinner cost a small fortune, I assume they’re exaggerating and really mean a few hundred dollars. But if the question is, how much do I think makes up a real small fortune, I think $100k is about it – enough to be a lot of money, but not enough to be made for life or anything like that.
Post # 4
That’s hard to answer but I would definitely put it WAY above $10k more like $250k
Post # 5
- Wedding: January 2013 - Harbourfront Grand Hall
@mstellah: If $250K is a “small fortune” what is an actual fortune in your opinion?!
I voted $1000-$2500 because it’s something available, but what I would also have to think twice about spending.
Post # 6
@foreverperpetua: I think it depends on the person’s circumstance and what they’re talking about. In the case of rings, yeah I would definitely expect over $10K, but not insane pricing either. Like I tried on a $375,000 yellow diamond ring today (seriously), and I would consider that a bit more than a “small fortune” lol.
Post # 7
I think it all depends. For me, it would be $8,000-$10,000, but mostly because finances are really tight right now and for FH and myself, that amount of money would be a lot for us.
ETA: As far as rings go, I voted for $3000-$5000. FH spent $2000 on my new set and I thought it was too much.
Post # 8
I think a small fortune is definitely 250K+. A fortune is a lifetime of easy living for you and your progeny, so a small fortune should be a comfy living!
Post # 9
I think it ALL RELATIVE to one’s circumstance
When I was a broke… trying to put together even an extra $ 50 or $ 100 at times was difficult (hence why I went without a lot of basic items that many others take for granted). So anything in the $ 200 to $ 500 range would have been “a small fortune for me”… and a $ 1000 would have been an impossibility
When I was with My Ex and we were quite well off (6 figure income coming in) $ 1,000 to $ 5,000 was doable, $ 10,000 and above a small fortune… and $ 50 K and more a difficulty (maybe a Loan or Line or Credit)… $ 100 K would have been almost impossible a REAL LIFE Fortune (in that it would mean cashing in one’s Investments / Selling our House etc so as to put our hands on that kind of cash)
Hence I’d say that a Small Fortune would represent any amount that you need to work to get together, but it isn’t unobtainable.
When it comes to my ERing… Mr TTR likes to tease me that my “glitter” cost him a “small fortunate”
He didn’t have to take out a Loan, or put it on our Line of Credit… but he certainly had to refigure some of his long-term savings.
Hope this helps,
Post # 10
I think it’s relative. I agree with PP like if dinner cost ‘a small fortune’ it didn’t cost thousands of dollars. But when referring to rings it means 10K minimum to me, if not $20K
Post # 11
$250k +, definitely. Our down payment was $100k (20% down on a two bedroom home) so I definitely have a new appreciation for what a “lot” of money is. $250k is enough that it would take us about 5 years to save up. Not a sum that would set us up for life (especially in the Bay Area) but something that would really help us pay down a house, etc.
Post # 12
I voted more than 10k – Me & fi couldn’t survive on 10k a year, so let’s say that’s ALL the money we had.. we wouldn’t survive long.
I would consider a small fortune to be like 100k+
Post # 13
@mchitt329: for a ring? About $500k to $1 mil
edited to clarify
Post # 14
I would say it depends on the typical price for an item of that category. A small fortune is significantly above average, but not absolute top tier.