(Closed) What do you consider “Rich”

posted 7 years ago in Money
Post # 3
Member
801 posts
Busy bee
  • Wedding: December 2012

Rich is when you don’t have to worry about money. 

You can go on a shopping spree, and not care or question whether you should return it.

That’s my view.

Post # 4
Member
5296 posts
Bee Keeper
  • Wedding: January 1993

@kmsw: ^^^ that.

When you don’t seriously worry about the cost of something. You’re really rich if you could afford to stop working today and retire for the rest of your life (granted that you aren’t already 60years old).

Post # 6
Member
11325 posts
Sugar Beekeeper
  • Wedding: February 2011

wow I think its VERY dependant on where you live… I’d say my concept of “rich” is a pretty high standard though. I think the middle class comprises a huuuuge range of people who generally are able to meet basic needs and have some luxury items but still worry about money. For me to think a person was “rich” they’d probably have to be wealthy enough that they don’t HAVE to work, but do. 

Post # 7
Member
801 posts
Busy bee
  • Wedding: December 2012

 

@lefeymw:

Rich is when you don’t have to worry about money. 

You can go on a shopping spree, and not care or question whether you should return it.

That’s my view.

 

if an ideal shopping spree is $100 and they don’t worry about it, then they are rich relative to their expectations. 
same thing if it’s $5000 or $1M.

I guess it can be relative in that sense.

 

for me?? $5000 and no worry would be AMAZING!!!!! (and rich!)

Post # 8
Member
14485 posts
Honey Beekeeper
  • Wedding: June 2011

If I could stop working and easily maintain my lifestyle with out any changes that would be rich enough for me.  But I think I just definied retirement. 

.. this is a tough question!!  Ok.. how about this, whether working or not, if I dont have to worry about saving for anything I want or saving for a retirement.

Post # 9
Member
868 posts
Busy bee
  • Wedding: November 2011

If you can go shopping, period, without having to do math in your head or check your account balance from your iPhone, you’re rich.

Post # 10
Member
3063 posts
Sugar bee
  • Wedding: November 2012

I think someone is rich when they no longer have to work if they don’t want to, but are still earning at lot of money because they’ve built a foundation of successful income producing assets.

I don’t care how much someone can blow at Louis Vuitton if they’re spending 40-100 hours of their TIME making that money, they’re not wealthy. If you’re still filling out a timesheet or you’re retired but due to being retired you’ve stopped EARNING money, you’re not rich.

Post # 11
Member
868 posts
Busy bee
  • Wedding: November 2011

@6598731ssfse3: It is funny that you say that.  Once upon a time, my sister (who is a lawyer for a huge law firm) and I were having a conversation and I asked her how many hours a week she worked.  When she told me, I started dividing into her annual salary and realized that I make more money per hour than she does.  Sure she makes more money, but I get to work my 9-5 (I work in HR) and go home to my kids instead of being chained to my desk.  It becomes a quality of life issue at some point!

Post # 12
Member
1697 posts
Bumble bee
  • Wedding: June 2012

Yeah, i “didn’t worry” too much about spending money last year but i worked extra hours and held additional positions to get the money to spend. I was NOT rich. yes, rich would be i dont work AND i can blow money whenever I want on whatever I want.

On a side note, I am VERY ABUNDANTLY rich in blessings. everyday all day long. ( content sigh)

Post # 13
Member
2731 posts
Sugar bee
  • Wedding: March 2014

@kmsw: I agree! I saw this post earlier and wasn’t exactly sure how to respond so I didn’t, but I think you said it very well. I’ve ALWAYS worried about money, like my whole life. I think I’ll feel like I’ve finally made it in life when that is no longer an issue for me.

Post # 14
Member
1543 posts
Bumble bee

If you can pay all of your bills on time, ahead of time, still have room left over for savings, vacations and the like, AND go shopping, without looking at that price tag. As in,”I like that, I’m buying it”, and forking over the cash or plastic without batting an eye. All while living in your nice home, driving your nice car, neither of which are fixer uppers.

 

Post # 15
Member
5296 posts
Bee Keeper
  • Wedding: January 1993

To me a shopping spree is more than $100 or having to check your balance. It’d be shopping at higher-end stores (probably not having to wait months on end to get your 30% sticker from Kohl’s like some people…..) and not worrying if you drop a few thousand. Being able to buy a car without thinking about it. Or a boat. Or a vacation home.

That to me, is rich.

Post # 16
Member
10714 posts
Sugar Beekeeper
  • Wedding: June 2012

I have a a rich uncle, his wife and him hired various famous decorators to decorate each individual room in their house. They bought a 4 million dollar home with cash. They have never had to worry about money and they never take anything too seriously. I definitely look at them as rich folks.

On the other hand I see my grandparents as rich as well and they make 1/20th of what my uncle and aunt bring in.. They spend freely without figuring out where their bill money is going to come from. They would actually have a ton of money if they didn’t buy a bigger house or newer car every few years but they say (the more money you make the more you spend- and I get that).

Most people on the bee look fairly rich to me, my Fiance makes $25,000 or so a year and I’ve seen rings on here that cost more than that tehe. 

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