If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
Dude, you are rich.
He’s rich in spirit.
In reality, he’s about seven orders of magnitude from rich, and your perspective needs a good tinkering.
Depends on who I compare myself to and how one defines “rich.” To me, it means someone whose passive income exceeds their spending - and I’m nowhere even close to that… yet.
Yeah I think that’s where the distinction between rich and wealthy comes in. You still have to work for a living and are closer to homelessness than renting out Venice for a wedding (for instance).
This exact question from this thread is how rich are you and 34 months is quite wealthy.
It’s an important distinction where I’m a potential counter example. I admit it. I earn what ought to be a comfortable living but poor choices in the past (and probably still) mean that I’m only a couple months from financial disaster. And since it would affect my kids education and my old age, the affects would be major. I am clearly not wealthy, mostly due to my own choices
Nearly everybody who speaks English is rich. We just have no clue who poor other parts of the world are and so think of ourselves as poor.