Originally Posted by sschuler1

Check out this link to see how rich you are compared to the rest of the world...

http://www.globalrichlist.com/


I have heard that if you have $20 to your name that you are richer than 80% of the world's population. It is humbling to see that figure when we put so much store in how much money we each have or don't have. God has blessed us with enough of everything we need.

I agree with this. When I taught,my children thought I was so rich because I didn't sleep in my car.
Where I grew up, rich is having health insurance or gas money. It is the poorest county in NY. Everyone in that area thinks I am super wealthy.
The good news is some of these people will never know anyplace but there hometown, never will fly, never take a vacation but will be proud, salt of the earth people who are happy.

Bare,
I really agree with your post.

[samhass]

Mc, It's wonderful that they are happy. I'll bet many rich people will never know the same happiness.

Originally Posted by mcelheny

I agree with this. When I taught,my children thought I was so rich because I didn't sleep in my car.
Where I grew up, rich is having health insurance or gas money. It is the poorest county in NY. Everyone in that area thinks I am super wealthy.
The good news is some of these people will never know anyplace but there hometown, never will fly, never take a vacation but will be proud, salt of the earth people who are happy.

[barb1191]

There are those who think anybody living in TV is monitarily rich!! HA Hardly. Yes, it's all relative, for sure. Great expression......"more money than month."

Great post, Sam....thx

barb

[Barefoot]

Part of feeling "rich" is also people fortune enough to have an indexed private pension plan with health care in addition to bank savings.

[samhass]

I have heard it said that everyone living in TV is rich. Ain't we jest lucky????

[784caroline]

I always thought Ed McMahn was "rich" until I saw his house was recently foreclosed on.

Sam,
The key word is "Some" are happy as there are others who suffer terribly because of poverty.
Compared to the people in Allegany Co, NY people in the villages are rich.

Bare,
Once again I agree with you. Sometimes I wish I was Canadian to have health care coverage. Yes, I am one who is luckily enough to have the money to pay for insurance but it is getting very expensive.

Gotta go. Everyone have a good night!

[samhass]

After reviewing all the answers so far, I am most delighted with Mint's "more money than month" quote. Ultimately I guess that's all we need! (along with the health care Bare mentioned)

[Blondie]

I am retiring on June 30th, and a little nervous b/c I really want to live full time in TV one of these days----so ----hopefully, I can afford it. One thing I know is that I am not rich at least not economically.

Funny, when I was first married, I was very young and we were very poor...but the best thing about that time was that we had no idea we were poor.

Thanks for this post (and all of them) I love getting to know you all through TOTV.
md blondie

[Muncle]

Originally Posted by SteveFromNY

But back to the topic - what is rich? I'd probably say a net worth of $5 million. So the earlier comment about $250K to $300K would require around $5 million in worth to generate that $250 to $300 annually at 5% to 6% return.

Back in the days when I was making decent money (a bit under $100K) I thought winning the lottery could be a curse. (Forgetting taxes) Win the Mil and that's okay -- just some bonus money to do stuff with, doesn't really affect your lifestyle and you can do some things you've wanted to do for yourself and others -- but win 2 or 3 Mil and you're in trouble. Win that much and you'd be expected to make major changes in your life, e.g., quite your job, buy a new house, fund numerous relatives, respond to every charity in existence, take care of all your near and dear friends. And we're talking about doing this on $100-$200K a year. I always kinda thought if the payoff was less than 7Mil, it was best to burn the ticket, though I might have been able to force myself.

[redwitch]

I've never defined "rich" by how much money someone had but rather what they could do with their money. If someone could afford to buy a Lexus as an impulse purchase for cash and still have enough money to live for the rest of the year, they were at the very least comfortable. If they could buy matching luxury vehicles just for the fun of it, they were definitely very well off. If they could buy my dream car (a Testarossa), they were rich.

Right now, I'd be happy with more money than month (but I'm getting there again).

[thegreenerside]

My daughter always told people that Mommy was Rich because Daddy gives her all of his money.

[another Linda]

What an interesting question! My husband and I both grew up in poor families. But, we both got good educations, have good jobs, have saved much and spent wisely. I guess I just assumed we had gotten to the "rich" point, and compared to the rest of the world we are. But after reading the responses here, I guess there are people who wouldn't agree.

[BUC]

I really want to retire, but after reading this thread I'm more than a little concerned if my wife and I will ever be able to retire. we really want to live in the TV but it may only be a dream. I, like everyone have worked and saved most of my life. I'm retired from the military,so health insurance is not an issue for us, if I was to retire in the next couple of years, sell out and move to the TV We'll have a monthly income of about 4,000 per month, will this be enough for a reasonable lifestyle in the TV. We're not fancy folks, but would like to eat out a couple of times a week, bowl one night, golf a couple times a week(par 3s Ok with me I'm not very good),and of course fish often.We have no outstanding debt. One of my concerns is that once a quit my job, and if something happens, the kids may need somthing or anything, I won't be earning at the level I am now, and if I was to go back to work who would hire an old fat guy. I'm not wineing just a little nervous.