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Tony Montana posted:250k a year is wealthy. You can still piss it all up a wall, but even then some should stick in a crack somewhere and turn into more money. 250k, period, isn't a lot of money on it's own. Not really. After taxes that's like $125k, and then if you're in moat places where people make that much money, you're probably spending another $30k on rent. Before any other expensive that leaves you with like $95k/yr, which is way more than anyone else makes but not enough to retire on, so you still need to earn a paycheck, and I'd say you're not wealthy if you need to earn a paycheck to maintain a modest lifestyle.
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Dec 6, 2016 19:54
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Imaduck posted:And loving LOL if you think having $95k of fun money after taxes and posh rent is paid is a "modest" living. No, I think if you need to work to keep a modest living then you're not wealthy. Having $95k in the bank is not enough for you to keep a modest living. You still have to keep the paychecks coming in or you become homeless. If you can live off your savings indefinitely, I'd consider you wealthy. If you have to get a job, you're not. oliveoil fucked around with this message at 20:42 on Dec 6, 2016 |
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Dec 6, 2016 20:39
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Dogfish posted:To the people who think if you work you're not wealthy: can you expand more on why you think that? When I think of wealth, I think of the definition you get when you google that word, which is basically "an abundance of valuable possessions or money". Working doesn't have anything to do with being wealthy or not - if you're wealthy, you can still work. What matters is whether you HAVE to work. If you don't have enough money to stop working then you don't really have an abundance of money. Maybe you have a job that pays a lot and will let you get an abundance eventually - but having a path to get something is not the same as already having that thing.
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Dec 8, 2016 19:02
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