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Do you consider anyone making $250.000 a year to be "Rich"?
Yes 55%  55%  [ 92 ]
No 45%  45%  [ 76 ]
Total votes : 168
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PostPosted: Sat Dec 31, 2011 8:09 am 
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Bearcat

Joined: Tue Jun 15, 2010 2:00 pm
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Location: O'Fallon, MO
My answer is HELL YEA your rich. Thats over $20,000 a month. :D :lol:


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PostPosted: Sat Dec 31, 2011 8:23 am 
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Single-Sixer
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Location: Rappahannock Co, Virginia
There's a difference between "take home" and "gross."

You also must consider a small business might generate this amount of money per year,....but after overhead +/- employees the take home might not be anything near the "rich" level of $20,000/mo.

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PostPosted: Sat Dec 31, 2011 8:26 am 
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Blackhawk

Joined: Sun Feb 08, 2009 5:55 pm
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best I've ever done was collect my unemployment after 30 yrs of workin. I got $430/wk. wife had a job and carried the ins. but we didnt want or need anything. and i was comfortable. I cant imagine trying to spend $10 grand a month , thats $2,500 /wk...or $357.14285/day..

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PostPosted: Sat Dec 31, 2011 8:41 am 
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Hunter
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$250K is a bunch of money and a common sense kind of person could dang sure live well and have fun on it. But right now in the world, there are actually people who come close to spending that about every day.
Some of the Kuwaiti, Saudi, Indonesian Oil & Shipping, international money players like George Soros take wealth to extreme reaches


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PostPosted: Sat Dec 31, 2011 8:46 am 
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Blackhawk
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I voted yes. But as with anythin git is relative. I gross mid 50's with my military retirement, so if I could make almost 5 times my current level i would consider myself to be rich. Hell I could double my current spending levels, and still be able to put nearly a matching amount into savings/imvestments i would be happy as a pig in poop. Of course the more you make the more you spend

Matt

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PostPosted: Sat Dec 31, 2011 8:49 am 
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Hawkeye
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Location: Maine
Depends... "Rich" as far as money, perhaps but it would depend on the lifestyle one has too. Many live too close to their means, either with or without much choice. (trying to keep up with the neighbors for example) Those folks aren't "rich". Then there's being "rich" in life. Those that aren't as concerned with the financial aspects and are more happy with what they have for friends, family and not the material things.

Me, somewhere in the middle and I'm not close to that $250K intake. Still, I'm comfortable in one aspect but quite "rich" in the other. :)

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PostPosted: Sat Dec 31, 2011 8:53 am 
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Single-Sixer

Joined: Sat Nov 01, 2008 7:03 pm
Posts: 305
Location: SW Wisconsin
Don Lovel wrote:
$250K is a bunch of money and a common sense kind of person could dang sure live well and have fun on it. But right now in the world, there are actually people who come close to spending that about every day.
Some of the Kuwaiti, Saudi, Indonesian Oil & Shipping, international money players like George Soros take wealth to extreme reaches


We have a president and family who would starve on that measly amount.

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PostPosted: Sat Dec 31, 2011 8:55 am 
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Single-Sixer

Joined: Thu Dec 09, 2010 2:17 pm
Posts: 196
Location: Clearwater, FL
Upper middle class. Not rich.


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PostPosted: Sat Dec 31, 2011 9:00 am 
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Hawkeye
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Joined: Sat Jan 29, 2005 2:01 am
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Location: Louisville Ky
Don't think it would make me rich but I could get by on it one helluva lot better than I'm doing now. :)
BT


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PostPosted: Sat Dec 31, 2011 9:01 am 
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Hawkeye
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Location: charles city . va
Well, consedering my current financal cirumstances ,I'm so broke I can't pay attention so heck yea .
Lou

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PostPosted: Sat Dec 31, 2011 9:18 am 
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Site Admin

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If it doesn't make you rich in a relatively short time....it makes you stupid.


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PostPosted: Sat Dec 31, 2011 9:59 am 
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Bearcat
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Joined: Thu Sep 22, 2011 7:01 pm
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Location: San Antonio
CigarGuy wrote:
Upper middle class. Not rich.


Agreed.

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PostPosted: Sat Dec 31, 2011 10:04 am 
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Buckeye

Joined: Fri Feb 16, 2007 2:01 am
Posts: 1243
Location: Nowhere FL
That is a lot more than I ever made in a year. The problem is that many small business will be taxed as "rich" My son owns and operates a machine shop and doesfabrications for local industries, and is doing well, but RICH ? No, he's not rich by any normal standard.

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PostPosted: Sat Dec 31, 2011 10:12 am 
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Buckeye

Joined: Wed Mar 07, 2007 2:01 am
Posts: 1595
Location: Florida
It would allow for a comfortable living. It is not rich, especially if you have kids.


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PostPosted: Sat Dec 31, 2011 10:33 am 
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Buckeye

Joined: Mon Jan 03, 2011 9:14 pm
Posts: 1236
Location: East Coast, VA
anyway you slice it thats a lot of money. Whether you are wasting it on pointless, unnecessary purchases. Those people that make this type of money think they must send their kids to private school at $30,000 a year and must drive a $100,000 car, live in a $1 million dollar house, they have to be members to the country club at $15-30,000 a year, they take $10-15,000 dollar vacations a few times a year. That is when it adds up becuase that is unneeded spending

It bothers me when people pay for their children's education. We pay tax dollars to offer give children an education. Some areas are an exception becuase the school systems are terrible but if you make they much money, move to a good school division. My $25,000 truck does great, the home i live in isnt small and isnt worth $1 mil, I dont take expensive trips but i do spend a few thousand on hunting every year, and still am able to put money in my 403.

There is a big difference between living smart and not.

In my mind once you start making around $70,000 a year you are getting up there and very well off, $90-100K would start getting in that rich category.


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