Originally posted by: TheAdvocate
Originally posted by: Amused
And speaking of talking points, yours come straight from the communist playbook.
And there we have it folks, the ideologue turning this into his own political obsession.
Way to miss the point, moron.
You are not rich until your money works for you, rather than you working for your money.
Originally posted by: Corporate Thug
500k and above is rich IMO. 300k income gets you a nice house in LA
Originally posted by: TheAdvocate
Originally posted by: Amused
And speaking of talking points, yours come straight from the communist playbook.
And there we have it folks, the ideologue turning this into his own political obsession.
Way to miss the point, moron.
You are not rich until your money works for you, rather than you working for your money.
Originally posted by: spidey07
Rich is wealth.
Has nothing to do with income.
Originally posted by: TheAdvocate
Originally posted by: Amused
Originally posted by: TheAdvocate
Salary=slavery - someone owns you.
Completely absurd.
Employment is a mutual agreement. An employee can quit his job and/or bargain for another one. A slave cannot.
Being able to change masters doesnt make you any less of a slave. Financial independence is the lack of a need for anyone to support you whatsoever. C'mon, get your talking points out.
Originally posted by: Descartes
Originally posted by: SarcasticDwarf
For the most part, at least 3+ million/year. At about 1-3 million you have a considerable income, but your expenses will likely be close to that. It isn't until you get above 2-3 million that you start to have very large amounts of disposable income.
That's ridiculous. If you make 1M a year and you can't manage your finances well enough to have an incredible amount left over, you probably wouldn't have made it to such an income in the first place. A $1M salary can buy you an exceptional home in almost any city.
Originally posted by: SarcasticDwarf
Originally posted by: Descartes
Originally posted by: SarcasticDwarf
For the most part, at least 3+ million/year. At about 1-3 million you have a considerable income, but your expenses will likely be close to that. It isn't until you get above 2-3 million that you start to have very large amounts of disposable income.
That's ridiculous. If you make 1M a year and you can't manage your finances well enough to have an incredible amount left over, you probably wouldn't have made it to such an income in the first place. A $1M salary can buy you an exceptional home in almost any city.
I'm not saying that you don't have money, only that you don't have large amounts of disposable income. Sure, at 1m/year you can essentially buy a cheap car as an impulse buy with little effect on your finances. At 3m/year, you can buy a large house. It is a matter of scale.
It also depends on where you are talking about as well. 1m/year in central Wisconsin will put you in the top .001% of the income bracket. That income in NYC or many parts of CA will not get you nearly as much (and those locations are where many of the jobs that pay that are)
Originally posted by: DLeRium
Originally posted by: SarcasticDwarf
Originally posted by: Descartes
Originally posted by: SarcasticDwarf
For the most part, at least 3+ million/year. At about 1-3 million you have a considerable income, but your expenses will likely be close to that. It isn't until you get above 2-3 million that you start to have very large amounts of disposable income.
That's ridiculous. If you make 1M a year and you can't manage your finances well enough to have an incredible amount left over, you probably wouldn't have made it to such an income in the first place. A $1M salary can buy you an exceptional home in almost any city.
I'm not saying that you don't have money, only that you don't have large amounts of disposable income. Sure, at 1m/year you can essentially buy a cheap car as an impulse buy with little effect on your finances. At 3m/year, you can buy a large house. It is a matter of scale.
It also depends on where you are talking about as well. 1m/year in central Wisconsin will put you in the top .001% of the income bracket. That income in NYC or many parts of CA will not get you nearly as much (and those locations are where many of the jobs that pay that are)
Dude, EXECs don't even make that much. Silicon Valley VPs make what.. 200k? Then maybe you get a fat bonus on top of that? Half a million a year at most. Maybe the stock options come in favorably, but you do NOT get to make 3 million / year that easily.
Originally posted by: Lurknomore
There's rich and then there's $RICH$.
I work in the Upper East Side of Manhattan, but only work.
I cannot relate to those who are so far ahead financially- cordial relations and small talk but that's about it.
One of our customers- let's just say he's taking over for the highest elected seat in NY, owns a number ( his family) of high rises in Manhattan, and is a possible pres. candidate in 2012. Net worth- $$$$$$$$$$