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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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Blackhawk
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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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Location: 12944(thats Upstate)
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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Location: Kansas City, Mo USA
$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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Joined: Thu Dec 30, 1999 2:01 am
Posts: 12560
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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Blackhawk

Joined: Sat Nov 01, 2008 7:03 pm
Posts: 579
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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Buckeye

Joined: Thu Dec 09, 2010 2:17 pm
Posts: 1201
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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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 9:12 am 
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It would make me rich, but maybe not some one else.

CDFingers

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

Joined: Thu Aug 24, 2006 1:01 am
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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: 1537
Location: Nowhere KY
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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Hunter

Joined: Wed Mar 07, 2007 2:01 am
Posts: 2237
Location: Florida
It would allow for a comfortable living. It is not rich, especially if you have kids.


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