How Rich is Rich? (POLL INCLUDED)

~For the sake of the thread, let's just use wealth and riches interchangeably since that could be debated on an entirely different thread.~​

It's no secret that money is the driving force for everyone's needs, including comfort and happiness. In this world where hard work is a must, and the reward comes in the form of a piece of paper with numbers printed, we strive hard to save and build some level of fortune, even in the most tumultuous of times. With that being said, there's a need for us to attain "richness".

Still, the question remains:
How rich is rich?​

And this is where you, the posters, come in. Share with me the ideal income that would mean rich. Moreover, does richness buy happiness? If so, why? Or why not?

 

Interesting question. I would have to say rich to me would enough monwy to take care of the Knight Dynasty including my offspring and that of my siblings. Homes in the Caribbean, North America, Europe, Latin America, and Africa. As well as an education fund so the youth can go to any school they choose.
To me money means security and time to live the way I want and to take care of my loved ones as well as help those in need.
To be totay honest money means becoming Batman with a Professor X twist.
Building an institute for young gifted middle class kids who often slip through the cracks encouraging their talents in order to help balance the bullshit in the world. As well as buying cool gadgets while I beat up bad guys withmma and other martial arts skill. Hey never said I was sane lol

 

When your passive income exceeds your comfortable living expenses. Freedom is the ultimate rich.

 

Money can buy you happiness but not true happines, money can buy you love but not true love, money can buy you loyalty but not true loyalty. Yep money is 99% of everything but cannot buy you truth which is the 1% missing. With that being said if i was to choose between a naked Scarlett Johnson lying spreadeagled on a bed and a million dollars i would go for the money. Rich for me is having enough to cater for the 4th generation of my family even when i am dead and gone.

 

1-5 mil is enough for me. Self-employ myself with something I love to do and chill out. Buy a few toys (cars), nice house (2500sqf), and about 5 ac of land. Kids get a trust fund. Done. 50+ mil,,, ball!

 

If a person wins a lottery he/she must get their act together and make sure to know who is really loyal to them. First and formost:Make it a goal not to be poor again.

 

I work for the 'rich' on a daily basics I service their swimming pools. Most of the wealthy folks I see live in a sheltered environment, I can't live like that. Rich to me is; having a roof, food, and people who love me around me at all times. I won't get rich on what I'm doing, but at least I know I don't to look over my shoulder.

 

I don't need a private jet or a 30 room mansion. I simply want the ability to walk into any store and be able to purchase what ever I want without looking at a price tag.

Since 60-75% of my problems can be fixed with a proper infusion of funds. I would say that money can't buy happiness, but it can make the unhappiness better.

 

For me, I would aim for the most comfortable, which would be in the nine digits and above. You can never have too much money, hence I would like to have $500,000,000 or more to sustain myself. Now granted, it doesn't mean that I would spend my money and live in this fantasy, closed world like a lot of of people who are well off. I'm a pretty simple person who like to live in a fairly middle class (upper) lifestyle and enjoy myself as a single man with little woes.

As to whether it brings happiness? I would say yes, but only in a sense that it is something you can control. You can't really control the outcome of a relationship, or your job. But you have control on what you can do to make yourself better. At least with money, it doesn't cheat you, or leave you with a mess. The only thing it can deliver is paranoia if you're completely worried about your finances and of course the people around you. So there would be a loss of trust with such grand responsibilities.

However, if I have to choose between a marriage with wealth or live single with wealth, I'd choose the latter since it's less of a headache.

 

The term "rich" is deceptive as one can win the lottery and have $40 million dollars in their bank accounts by the end of the month. The problem with conflating having money with being "rich" is that it takes more than money to be rich or maintain wealth. A survey of the post-career earnings of many professional athletes, for example, reveals that they're very good at wasting their money.

One million dollars is enough be rich. The question is what would you do with it, piss it away in one weekend like Pacman Jones or grow it like Warren Buffett? A rich person knows how to grow money, not just have it.

 

For me, it all depends.

My dad and uncle went to the store a few weeks ago, and my uncle was drunk... had trouble finding his money to pay for more beer. My dad ended up paying for whatever he got (marshmallows for the fire i thin) and checked in the beer too.
Then the uncle said to my dad, "it's some good having a rich brother"
My dad doesn't "even" make $100,000 a year... told his brother that it's only because he doesn't waste money on beer and whatever.

I think money's overrated. As long as there's enough to pay bills and not feel like a strict budget is needed... have the ability to go into a store without opinions being swayed by the price.

 

I think if I were to wake up rich one day, I'd like to have between $3-5 million dollars. That would be enough to:

take care of the parental units
put enough aside in a trust fund for the little one
rent a nice house for a year
spend $100K to make a movie to sell
get financial advice from a trusted financial manager
quit my job to write FT

I lead a simple life and don't require much. If I have enough money to allow me to safely leave my job to do the things I really want to do, then that'll be enough for me.

 

A person could spend 50,000 a week for 40 years if they had 104 mil. Spending 5k a week for 40 years is just 10.4 mil. I don't know about y'all but 5k a week for the next 40 years at my disposal would safice.

 

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That wouldn't be a bad idea. But if I were to have that sort of money, I'd just have $100,000 per year to draw from the bigger money morsel in order to sustain myself and live nicely. And of course, let the rest build. It's a good thing to have.

 

That would work great.

 

If I can't actually be the Dark Knight it ain't no fun

It does interest me that given the choice most wouldn't take the biggest sum to help others outside their immediate circle.

 

It would be great to have 500 mil but whate are the odds of that? Next to non. Lol. I'm trying to be realistic. One mil is very attainable.

 

I think if you got a mill in the bank you rich

 

Ahhh, if we're talking just a million, then I would only draw $60,000 annually, but still have a job to supplement my income.