Poll: How much would you have to make a year to be "rich"?

[dquan97]

From FW, I was curious as to what this crowd's opinion as to what annual income would you consider to be rich.

Link to US Census

For my zip code, the median household income is $63,774. I think $75,000-$100,000/yr (taking cost of living into account) would be considered rich for a single person to live on and even support one other person.

 

[richardycc]

rich is relative, you could be making $300k/yr, but if your yearly expenses are like $299k, you aint rich. I read it somewhere that if you have about $800k in asset/savings, you are richer than 84% of the people in the US.

 

[bozack]

Wow your numbers are low IMHO, for me to be rich I would have to be making 1.2 million per year, anything less is just well off IMHO.

 

[Viper GTS]

Income != rich, especially when your poll only goes to $300K.

Viper GTS

 

[freebee]

Didnt you just post this in fw finance?....

 

[DrNoobie]

No one becomes "rich" off of their yearly salary, they become wealthy off how they invest their yearly salary.

 

[djNickb]

Look up the SEC's rules for what the financial requirements are to be an 'accredited investor' those are people that the government considers 'rich' and are allowed to partake in the investments that the rich use to really make $$

 

[Viper GTS]

Originally posted by: djNickb
Look up the SEC's rules for what the financial requirements are to be an 'accredited investor' those are people that the government considers 'rich' and are allowed to partake in the investments that the rich use to really make $$

http://www.sec.gov/answers/accred.htm

Viper GTS

 

[jpeyton]

I'd measure richness in terms of two things: financial freedom and happiness.

Of course if you want to measure it Robin Leech style, you can look at gross income or profits; have fun with that.

 

[Lifer]

yeah, ur poll kinda sucks.
those make $300k+ must be uber rich then

 

[FeathersMcGraw]

All I know is, if I were a rich man, all day long I'd biddy biddy bum.

 

[dquan97]

Originally posted by: freebee
Didnt you just post this in fw finance?....

I did, and posted here just to contrast the replies

 

[Shockwave]

I'm too dumb to understand that link to the census agency...

 

[RossMAN]

I think it varies by person, where you live and your current (pre-wealth) lifestyle.

For us it would be PAID FOR HOME, 2 PAID FOR cars, $0 cc debt and enough income to live "comfortably".

 

[dquan97]

Originally posted by: Shockwave
I'm too dumb to understand that link to the census agency...

you can type in your address/city/state/zip to find the census info for that area.

 

[Hammer]

500k/yr

 

[DrNoobie]

Median income is 120K...no wonder everyone is a stuck up bitch.

 

[DT4K]

I'd consider myself rich at 200k/yr.
But if I lived within 100 miles of San Francisco, it would be more like 1 million +

 

[Ns1]

i think when you start making 100k you're prettyrich

 

[Ameesh]

i think 1/2 mill in net revenues a year would be a good beggining to being called wealthy

 

[Ameesh]

Originally posted by: NeuroSynapsis
i think when you start making 100k you're prettyrich

100k is chump change

 

[FoBoT]

Originally posted by: dquan97
For my zip code, the median household income is $63,774. I think $75,000-$100,000/yr (taking cost of living into account) would be considered rich for a single person to live on and even support one other person.

you must be a liberal, a few percent over the median income isn't rich, that is whacko thinking

 

[UNCjigga]

By the time I'm 30, I'd imagine $100,000 a year would be the average 'good' salary of someone my age with a college degree. So in a dual-income home, I'd peg $200,000 annually as the new benchmark for 'upper-middle class'...if there is such a thing anymore.

 

[UNCjigga]

edit: wow that census data is pretty cool! According to results for my city, there are 194 females here with 'no husband present' making over $200,000 annually!!!

MUST FIND THESE WIMMEN!!!! :Q

 

[TuxDave]

Originally posted by: Ameesh

Originally posted by: NeuroSynapsis
i think when you start making 100k you're prettyrich

100k is chump change

I think I'm very well off if I hit 100K. If I hit 200K, I'll say I'm rich.