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Old 06-12-2008, 03:51 PM
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samhass samhass is offline
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Default Re: What is rich?

It's a tough question and one that has changed dramatically for me over the years.
Let's assume you have no other income like pension,SS, etc.
In my thirties I thought 50 mil was the number. This was a time of world travel, fine dining, very fine shoes and clothing, etc. In my forties I started needing less. I figured 25 was a good number. At the end of my 50's I find I need very little and am content to say put except for the mandatory trips to our northern home. If there were no other income, houses don't count and you have to live off the nest egg, I would say 8-10 mil. Remember, your investments could tank. Nope, that's not rich. That's really comfortable. Bill Gates is rich.
I think our developer is rich. I'm not sure how many "rich" people live in TV. I think they're on the coasts. I don't need to be that wealthy. I'm happy right where I am.
Mint, I'm with your husband. I am a saver and also choose to live below my means. I just don't need all that "stuff". I'd rather play mahjong than shop. I have no interest in "the ladies that lunch" club. I'd rather go dig in the dirt and plant flowers.
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