What do you guys consider rich? - DFWstangs Forums
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 54 (permalink) Old 10-31-2008, 04:18 PM Thread Starter
Lifer
 
Join Date: May 2005
Location: Denton, TX Home of the Mean Green
Posts: 1,036
What do you guys consider rich?

The top 10% of earners in this country have an annual household income of
$108,000 or better. At what point do we separate rich from middle class from poor?

2007 SRT8-Grand Cherokee
2008 Cadillac Escalade
Got5onIt is offline  
Sponsored Links
Advertisement
 
post #2 of 54 (permalink) Old 10-31-2008, 04:21 PM
HERE WE GO STEELERS
 
Geor!'s Avatar
 
Join Date: Dec 2003
Location: HERE WE GO!!!
Posts: 18,685
Wealthy = 200k+. Poor = -$30k

Geor! is offline  
post #3 of 54 (permalink) Old 10-31-2008, 04:22 PM
Baller
 
Join Date: Nov 2003
Location: drrty south
Posts: 4,003
Rich...

Over 500K a year at least.
ruffdaddy is offline  
 
post #4 of 54 (permalink) Old 10-31-2008, 04:22 PM
No Cerveza... No Trabajo
 
01WhiteCobra's Avatar
 
Join Date: Jun 2002
Location: Where's my beer?
Posts: 21,924
I'm a tad north of that (and I think the figure is 118K) and I ain't rich.

My 401K is now a 400K (was 301K)
01WhiteCobra is offline  
post #5 of 54 (permalink) Old 10-31-2008, 04:24 PM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
1m/ yr minimum


and then you prolly got so much of the money tied up in small businesses or keeping the ones youve got afloat, that it would barely feel like 100k/yr.


so i dunno what you could define as "rich"
sc281_99-0135 is offline  
post #6 of 54 (permalink) Old 10-31-2008, 04:59 PM
Dont Be Stupid
 
black50's Avatar
 
Join Date: Mar 2004
Location: Burleson
Posts: 1,417
the way i heard long ago was...If you work hard for your money no matter how much then your not rich

but when your money works for you then that is considered rich

Forgot where i heard that phrase from..But imo I would say 250k a year at least

95 gt - Work in progress...306,TFS heads,Holley systemax II,--It's Alive..After 3 years

2000 S-10 ZR2...Needs tires and a lift bad
black50 is offline  
post #7 of 54 (permalink) Old 10-31-2008, 05:01 PM
mannish boy
 
Cooter's Avatar
 
Join Date: Jun 2000
Location: drunk on diesel
Posts: 31,758
a wise man once told me "rich is when you can tell everyone around you to kiss your ass"

if you don't have to work another day in your life and you'll be healthy/happy/etc. you're rich...

if you can do those things living in a multi-million dollar home, driving exotic cars, jetting around the world, etc. you're wealthy
Cooter is offline  
post #8 of 54 (permalink) Old 10-31-2008, 05:06 PM
ebay pimp
 
Join Date: Oct 2001
Location: Carrollton, TX
Posts: 4,360
Quote:
Originally Posted by Cooter
a wise man once told me "rich is when you can tell everyone around you to kiss your ass"
Agreed, if you owe nothing to anyone & have enough resources to never again have to take a job....your rich.

On the flip side, if you earn $500K a year, spend every penny & carry debt....your a slave.
White trash wagon is offline  
post #9 of 54 (permalink) Old 10-31-2008, 05:08 PM
BP
Keep your unicorns
 
BP's Avatar
 
Join Date: Apr 2000
Location: At the Dexter Lake Club
Posts: 12,422
When you can buy whatever you want without ever even thinking about whether you can afford it or not. I'd consider myself fairly wealthy with $75 million in the bank.

Buell 1125R
Raptor 700R
No fast cars though
BP is offline  
post #10 of 54 (permalink) Old 10-31-2008, 05:13 PM
ebay pimp
 
Join Date: Oct 2001
Location: Carrollton, TX
Posts: 4,360
Quote:
Originally Posted by BP
When you can buy whatever you want without ever even thinking about whether you can afford it or not. I'd consider myself fairly wealthy with $75 million in the bank.
Wow! You must be a materialist, I could feel that way with $5 million.
White trash wagon is offline  
post #11 of 54 (permalink) Old 10-31-2008, 05:16 PM
[x] original checkboxer
 
MattB's Avatar
 
Join Date: May 2000
Location: Coppell
Posts: 10,836
Exclamation

I would consider net worth a better statement of wealth than what you make per year.
MattB is offline  
post #12 of 54 (permalink) Old 10-31-2008, 05:22 PM
Lifer
 
TENGRAM's Avatar
 
Join Date: Mar 2006
Posts: 2,333
Quote:
Originally Posted by Got5onIt
The top 10% of earners in this country have an annual household income of
$108,000 or better. At what point do we separate rich from middle class from poor?
that seems about right to me.

poor <$25k
well off >$60k
rich >$100k
very rich >$250k
filthy rich >$1M
TENGRAM is offline  
post #13 of 54 (permalink) Old 10-31-2008, 06:11 PM
BP
Keep your unicorns
 
BP's Avatar
 
Join Date: Apr 2000
Location: At the Dexter Lake Club
Posts: 12,422
Quote:
Originally Posted by White trash wagon
Wow! You must be a materialist, I could feel that way with $5 million.
I'd spend more than that on my house and boat. Then you've got the helicopter to get me from the house to the boat. You also have to pay the staff to keep the boat ready to go, house help and a pilot. Of course private security is also a necessity. Then you add in fuel costs, the hookers, blow and that 5 million won't last a week.

Buell 1125R
Raptor 700R
No fast cars though
BP is offline  
post #14 of 54 (permalink) Old 10-31-2008, 06:38 PM
ebay pimp
 
Join Date: Oct 2001
Location: Carrollton, TX
Posts: 4,360
Quote:
Originally Posted by BP
I'd spend more than that on my house and boat. Then you've got the helicopter to get me from the house to the boat. You also have to pay the staff to keep the boat ready to go, house help and a pilot. Of course private security is also a necessity. Then you add in fuel costs, the hookers, blow and that 5 million won't last a week.
You'll always be a slave, if you got your $75M, you would just scale up your materialism.
White trash wagon is offline  
post #15 of 54 (permalink) Old 10-31-2008, 06:54 PM
T-MINUS
 
Sean88gt's Avatar
 
Join Date: Sep 2000
Posts: 28,540
OJ is rich.
Anyone that has 'F You' money is rich.
[email protected] 108k being rich!!
I suppose in the words of Chappelle (no matter how I feel) "I'm rich, bitch!!"
Sean88gt is offline  
post #16 of 54 (permalink) Old 10-31-2008, 07:08 PM
Genetically Blessed
 
Join Date: Jul 2002
Location: An Investment Bank
Posts: 13,733
Quote:
Originally Posted by Sean88gt
[email protected] 108k being rich!!
No shit, what the hell!
slow99 is offline  
post #17 of 54 (permalink) Old 10-31-2008, 07:11 PM
BP
Keep your unicorns
 
BP's Avatar
 
Join Date: Apr 2000
Location: At the Dexter Lake Club
Posts: 12,422
Quote:
Originally Posted by White trash wagon
You'll always be a slave, if you got your $75M, you would just scale up your materialism.
Yeah, so? I'd be a slave with a badass house and boat

Buell 1125R
Raptor 700R
No fast cars though
BP is offline  
post #18 of 54 (permalink) Old 10-31-2008, 07:18 PM
 
Join Date: Jan 2006
Posts: 2,181
I didn't get a rebate check... Funny how you pay the most in taxes and contribute to society yet there are people here who want everything for free.... At the same time you have people who will work their ass off and can't get in......

obama = death of America ---- Built by people sick of government control who sailed ships across the pond to be free................................
LMPChris is offline  
post #19 of 54 (permalink) Old 10-31-2008, 07:21 PM
 
Join Date: Jan 2006
Posts: 2,181
You think health care is free overseas??? The poorest people pay taxes there too....... I would love to see a 15% on everyone.... Not sure where they would come up with the money to pay for what the government spends though.....
LMPChris is offline  
post #20 of 54 (permalink) Old 10-31-2008, 08:38 PM
Lifer
 
TENGRAM's Avatar
 
Join Date: Mar 2006
Posts: 2,333
Quote:
Originally Posted by 07-105
I didn't get a rebate check... Funny how you pay the most in taxes and contribute to society yet there are people here who want everything for free.... At the same time you have people who will work their ass off and can't get in......

obama = death of America ---- Built by people sick of government control who sailed ships across the pond to be free................................
Quote:
Originally Posted by 07-105
You think health care is free overseas??? The poorest people pay taxes there too....... I would love to see a 15% on everyone.... Not sure where they would come up with the money to pay for what the government spends though.....
did you post in the wrong thread?
TENGRAM is offline  
post #21 of 54 (permalink) Old 10-31-2008, 08:51 PM
T5-T56-Tremec specialist
 
thesource's Avatar
 
Join Date: Nov 2004
Location: Heading back to Plentywood
Posts: 8,389
To me , being rich is not so much about what you make versus what you have available sitting in your bank account .

I would say under 30K a year is poor , under 100K is middle class , under 200K is living well and over 250K a year is border line rich . If you are pulling in over 350K a year clear , thats making some damn good money and there is no excuse for not having several thousand dollars in the bank .
thesource is offline  
post #22 of 54 (permalink) Old 10-31-2008, 09:20 PM
GAP
Carpe Burrito
 
GAP's Avatar
 
Join Date: Sep 2005
Posts: 835
My definition would be...

Rich... not needing a job to support yourself. Being able to make purchases without worrying about the cost. Depending on your age, I would think 5-10M+

Well off... Have to work to maintain your lifestyle, but dont have to work to survive with middle class comfort or better.

Poor... having no more money then to pay for the necessities. Depending on if you're married, or have kids and how many. I'd say <25k if you're single.

GAP is offline  
post #23 of 54 (permalink) Old 11-01-2008, 05:26 AM
Lifer
 
FATHERFORD's Avatar
 
Join Date: Oct 2003
Location: Katy and Waco
Posts: 1,932
Quote:
Originally Posted by slow99
No shit, what the hell!
x2

"His tricked out trans am guzzles every dime he brings home"

2004 RC SWB F150 5.4 - Saleen S/C'd 5.4 3V
1979 Pace Car - Not the usual mods
1984 Gt-350 - Trickflow'd 302
1992 Coupe - Vortech'd 393
1997 Viper GTS - H/C and Giggles

Buy my F-150 Vortech Setup! - Link
FATHERFORD is offline  
post #24 of 54 (permalink) Old 11-01-2008, 06:04 AM
Lifer
 
Join Date: Nov 2001
Location: Ellis County
Posts: 18,370
"Rich" is a relative term. To consider myself "rich", I would think a large, comfortable home (paid for), garage full of auto's (paid for), no debt at all, and no descendants needing to ever work again. That is "rich" in my view. Now "wealthy" is another thing altogether...

CHL holder and Conservative...AKA "Domestic Terrorist"
Vertnut is offline  
post #25 of 54 (permalink) Old 11-01-2008, 07:05 AM
T-MINUS
 
Sean88gt's Avatar
 
Join Date: Sep 2000
Posts: 28,540
I think the problem with a lot of you guys is that none of you have seen a truly poor person.

Poor people are those that make under $30k a year? Are you kidding me? Poor is some guy eating out of a dumpster. What you guys (and a shit ton of others) consider poor is amazingly well off compared to others.
Sean88gt is offline  
post #26 of 54 (permalink) Old 11-01-2008, 07:17 AM
Turbobrooks
 
Andrew's Avatar
 
Join Date: Feb 2001
Location: You can call me Aaron Burr from the way I'm dropping Hamiltons
Posts: 16,252
I don't feel rich. I live in a shitbox apartment and drive a 7 year old car. So what?



Allen Werl Performance Racecraft Motorsports Inc.

Made possible by:
http://www.jamesbschassisservices.com
http://www.brooksracecraft.com
Andrew is offline  
post #27 of 54 (permalink) Old 11-01-2008, 07:20 AM
NEOCON EDUCATOR
 
bullet's Avatar
 
Join Date: May 2003
Location: CHICAGO S&P PIT
Posts: 1,789
Quote:
Originally Posted by Sean88gt
I think the problem with a lot of you guys is that none of you have seen a truly poor person.

Poor people are those that make under $30k a year? Are you kidding me? Poor is some guy eating out of a dumpster. What you guys (and a shit ton of others) consider poor is amazingly well off compared to others.



And that is why the term rich is subjective.

More money is great but when you reach a point where that extra dollar earned does not represent any more security then you are rich.

That point will be a lot lower number for a lower / middle class person who has a lower cost lifestyle of 2k a month than for a upper class person with a 20k a month nut.


The problem with wealth and money is as you get older and acquire it does not represent the same thing. When you were 5 years old $20, was a lot, when you were 10, $100 was a lot,, when you were 15, a thousand and it only escalates from there as your lifestyle demands more money as your take home grows.



Zero debt and 7 figures generating 5% risk free gives the normal person plenty of time to do what ever they want with their time.
bullet is offline  
post #28 of 54 (permalink) Old 11-01-2008, 08:27 AM
Lifer
 
grape's Avatar
 
Join Date: Dec 2003
Location: Fort worth, tx
Posts: 2,783
wealth is relative to your circle of friends, wealthy is having your children argue over who get's the gulfstream on spring break........if you punch a clock for anybody but yourself........you will never be considered among the upper echelon of life.

real cobras don't have fog lights
grape is offline  
post #29 of 54 (permalink) Old 11-01-2008, 08:38 AM Thread Starter
Lifer
 
Join Date: May 2005
Location: Denton, TX Home of the Mean Green
Posts: 1,036
Lots of different views here. Let's talk about this from a strict numbers standpoint. The government doesn't care who is behind what dollar amount when deciding how to tax income. When we try to separate wealthy from middle class from the poor, from a specific dollars & cents position, where do we draw the line?

2007 SRT8-Grand Cherokee
2008 Cadillac Escalade
Got5onIt is offline  
post #30 of 54 (permalink) Old 11-01-2008, 09:33 AM
GAP
Carpe Burrito
 
GAP's Avatar
 
Join Date: Sep 2005
Posts: 835
U.S. Census Bureau Poverty Thresholds, 2007
Size of Family Unit Poverty Threshold
One person (unrelated individual) $10,590
Under 65 years $10,787
65 years and over $9,944
Two people $13,540
Householder under 65 years $13,954
Householder 65 years and over $12,550
Three people $16,530
Four people $21,203
Five people $25,080
Six people $28,323
Seven people $32,233
Eight people $35,816
Nine people or more $42,739

GAP is offline  
post #31 of 54 (permalink) Old 11-01-2008, 09:39 AM
Lifer
 
FRANCISCO308's Avatar
 
Join Date: Mar 2006
Location: Grand Prairie
Posts: 4,585
<--Poor

Wish I had millions like everyone on Dfwstangs Fuckin rich white folks



FRANCISCO308 is offline  
post #32 of 54 (permalink) Old 11-01-2008, 10:06 AM
Lifer
 
Mustangman_2000's Avatar
 
Join Date: Dec 2005
Location: D/FW
Posts: 8,912
I'm not really sure how I would define "rich", but 100K is not rich folks.

Not in this country.

Quote:
Originally Posted by MR EDD View Post
it was not a problem to bring money to his house at 10pm.so why is it a problem to call and bitch.it wasnt a problem when we were all sitting around smoking pot together.yes i said it we all were smoking pot together.what now stupid.
Mustangman_2000 is offline  
post #33 of 54 (permalink) Old 11-01-2008, 10:09 AM
No Cerveza... No Trabajo
 
01WhiteCobra's Avatar
 
Join Date: Jun 2002
Location: Where's my beer?
Posts: 21,924
Quote:
Originally Posted by Mustangman_2000
I'm not really sure how I would define "rich", but 100K is not rich folks.

Not in this country.
100K can be rich. I can certainly point to many who are retired with mid-7 figures than never made more than 75-100K a year.

It's all about how you work it.

My 401K is now a 400K (was 301K)
01WhiteCobra is offline  
post #34 of 54 (permalink) Old 11-01-2008, 10:18 AM
Lifer
 
Join Date: Mar 2002
Location: South of the Red River
Posts: 3,332
Quote:
Originally Posted by White trash wagon
You'll always be a slave, if you got your $75M, you would just scale up your materialism.
All I need is my ranch in SW Tejas and a 10 car garage. And this lamp...and this chair....

Talk is cheap because supply exceeds demand!
black01gt is offline  
post #35 of 54 (permalink) Old 11-01-2008, 10:19 AM
Lifer
 
Mustangman_2000's Avatar
 
Join Date: Dec 2005
Location: D/FW
Posts: 8,912
Quote:
Originally Posted by 01WhiteCobra
100K can be rich. I can certainly point to many who are retired with mid-7 figures than never made more than 75-100K a year.

It's all about how you work it.
OK. I'll rephrase.

100K is not rich for the average American with a mortgage, car payment(s), children, and credit card debt. Not everyone is debt free. Sometimes due to poor money management, but sometime do to circumstances beyond your control.

Yes, if you eliminate the accounts payable, then 100K would be very comfortable.

Quote:
Originally Posted by MR EDD View Post
it was not a problem to bring money to his house at 10pm.so why is it a problem to call and bitch.it wasnt a problem when we were all sitting around smoking pot together.yes i said it we all were smoking pot together.what now stupid.
Mustangman_2000 is offline  
post #36 of 54 (permalink) Old 11-01-2008, 10:26 AM
Lifer
 
Join Date: Nov 2001
Location: Ellis County
Posts: 18,370
Quote:
Originally Posted by Mustangman_2000
OK. I'll rephrase.

100K is not rich for the average American with a mortgage, car payment(s), children, and credit card debt. Not everyone is debt free. Sometimes due to poor money management, but sometime do to circumstances beyond your control.

Yes, if you eliminate the accounts payable, then 100K would be very comfortable.
It's also a regional thing. $100k a year in Texas, is nice money. In New York, it's probably average...same in L.A.

CHL holder and Conservative...AKA "Domestic Terrorist"
Vertnut is offline  
post #37 of 54 (permalink) Old 11-01-2008, 10:32 AM
No Cerveza... No Trabajo
 
01WhiteCobra's Avatar
 
Join Date: Jun 2002
Location: Where's my beer?
Posts: 21,924
Quote:
Originally Posted by Mustangman_2000
OK. I'll rephrase.

100K is not rich for the average American with a mortgage, car payment(s), children, and credit card debt. Not everyone is debt free. Sometimes due to poor money management, but sometime do to circumstances beyond your control.

Yes, if you eliminate the accounts payable, then 100K would be very comfortable.
I'm not here to help those that haven't figured it out.

Mortgage... cool... car payments... blah... credit card debt... blah.

With a mortgage and 2 kids I could live very comfortably on 100K a year and still have 7 figures when I retire.

Luck happens. Bad luck happens. My dad, after putting 2 of 3 kids through college, counted on his privately-held pension for retirement... until the company he worked for for 35 years went bankrupt and took his pension along with the bankruptcy when he was 55. No retirement and no job at 55.

He's got a low 7 figure retirement now at 75. He worked his ass off for 15 years... now wait... he smartly worked his ass off for 15 years... to build it back up again.

He also survived two bouts of cancer and 3 aneurysms in his life. He's a survivor.

He is also where I learned, through countless examples, when your ass gets knocked down you come up swinging. You are either a winner or a loser in America. The choice is your's.

My 401K is now a 400K (was 301K)
01WhiteCobra is offline  
post #38 of 54 (permalink) Old 11-01-2008, 10:40 AM
T5-T56-Tremec specialist
 
thesource's Avatar
 
Join Date: Nov 2004
Location: Heading back to Plentywood
Posts: 8,389
Quote:
Originally Posted by 01WhiteCobra
It's all about how you work it.
I feel the same damn way . I know people that twice or even three times what I make and have less than half what I do .
thesource is offline  
post #39 of 54 (permalink) Old 11-01-2008, 10:45 AM
Token Troll
 
GhostTX's Avatar
 
Join Date: Nov 2004
Location: Sherman
Posts: 4,101
My uncle defined it as when you're secure enough to get your family a good steak dinner whenever you want and not worry about the cost.

'05 Redfire Mustang

"Self-government won't work without self-discipline." - Paul Harvey
GhostTX is offline  
post #40 of 54 (permalink) Old 11-01-2008, 10:49 AM
No Cerveza... No Trabajo
 
01WhiteCobra's Avatar
 
Join Date: Jun 2002
Location: Where's my beer?
Posts: 21,924
Quote:
Originally Posted by GhostTX
My uncle defined it as when you're secure enough to get your family a good steak dinner whenever you want and not worry about the cost.
Well, damn! I must be really rich then!

Although at 45, I have to watch the damn red meat these days.

My 401K is now a 400K (was 301K)
01WhiteCobra is offline  
post #41 of 54 (permalink) Old 11-01-2008, 10:51 AM
Token Troll
 
GhostTX's Avatar
 
Join Date: Nov 2004
Location: Sherman
Posts: 4,101
Isn't that the whole point? Rich is where you can afford the luxuries you want when you want them. To put a dollar number to it just stupid as there's a ton of factors out there than can't truly be measure.

Just look at housing. Compare dollar for dollar a house here versus Crazyfornia.

'05 Redfire Mustang

"Self-government won't work without self-discipline." - Paul Harvey
GhostTX is offline  
post #42 of 54 (permalink) Old 11-01-2008, 10:53 AM
No Cerveza... No Trabajo
 
01WhiteCobra's Avatar
 
Join Date: Jun 2002
Location: Where's my beer?
Posts: 21,924
Quote:
Originally Posted by GhostTX
Isn't that the whole point? Rich is where you can afford the luxuries you want when you want them. To put a dollar number to it just stupid as there's a ton of factors out there than can't truly be measure.

Just look at housing. Compare dollar for dollar a house here versus Crazyfornia.
Yup.

Money is just a median of exchange. Once you realize this you will be wealthy. Seriously.

There is a reason why Vegas makes you use chips instead of dollars. People seriously put too much emphasis on holding a dollar bill. The chip you throw out there is worth just as much... it just seems like it is different.

My 401K is now a 400K (was 301K)
01WhiteCobra is offline  
post #43 of 54 (permalink) Old 11-01-2008, 11:38 AM
mannish boy
 
Cooter's Avatar
 
Join Date: Jun 2000
Location: drunk on diesel
Posts: 31,758
Quote:
Originally Posted by 01WhiteCobra
I'm not here to help those that haven't figured it out.

Mortgage... cool... car payments... blah... credit card debt... blah.

With a mortgage and 2 kids I could live very comfortably on 100K a year and still have 7 figures when I retire.

Luck happens. Bad luck happens. My dad, after putting 2 of 3 kids through college, counted on his privately-held pension for retirement... until the company he worked for for 35 years went bankrupt and took his pension along with the bankruptcy when he was 55. No retirement and no job at 55.

He's got a low 7 figure retirement now at 75. He worked his ass off for 15 years... now wait... he smartly worked his ass off for 15 years... to build it back up again.

He also survived two bouts of cancer and 3 aneurysms in his life. He's a survivor.

He is also where I learned, through countless examples, when your ass gets knocked down you come up swinging. You are either a winner or a loser in America. The choice is your's.
inspirational post, my friend!
Cooter is offline  
post #44 of 54 (permalink) Old 11-01-2008, 11:52 AM
Out
 
Join Date: Apr 2000
Posts: 41,952
Quote:
Originally Posted by TENGRAM
that seems about right to me.

poor <$25k
well off >$60k
rich >$100k
very rich >$250k
filthy rich >$1M
That SUCKS!!! Do you people honestly think that?!?! $250K a year is NOT rich. I make more than "rich" and less than "very rich" by these standards. I have, what I consider, good money management. So why is it that I'm not "rich?"
Denny is offline  
post #45 of 54 (permalink) Old 11-01-2008, 11:54 AM
Out
 
Join Date: Apr 2000
Posts: 41,952
Quote:
Originally Posted by GAP
U.S. Census Bureau Poverty Thresholds, 2007
Size of Family Unit Poverty Threshold
One person (unrelated individual) $10,590
Under 65 years $10,787
65 years and over $9,944
Two people $13,540
Householder under 65 years $13,954
Householder 65 years and over $12,550
Three people $16,530
Four people $21,203
Five people $25,080
Six people $28,323
Seven people $32,233
Eight people $35,816
Nine people or more $42,739
Shit... talk about a group of people who can't define "poverty."
Denny is offline  
post #46 of 54 (permalink) Old 11-01-2008, 12:03 PM Thread Starter
Lifer
 
Join Date: May 2005
Location: Denton, TX Home of the Mean Green
Posts: 1,036
Quote:
Originally Posted by Denny
That SUCKS!!! Do you people honestly think that?!?! $250K a year is NOT rich. I make more than "rich" and less than "very rich" by these standards. I have, what I consider, good money management. So why is it that I'm not "rich?"
This is DFWstangs, you sure you don't make 10x's more than "filthy rich"?

2007 SRT8-Grand Cherokee
2008 Cadillac Escalade
Got5onIt is offline  
post #47 of 54 (permalink) Old 11-01-2008, 12:06 PM
No Cerveza... No Trabajo
 
01WhiteCobra's Avatar
 
Join Date: Jun 2002
Location: Where's my beer?
Posts: 21,924
Quote:
Originally Posted by Denny
That SUCKS!!! Do you people honestly think that?!?! $250K a year is NOT rich. I make more than "rich" and less than "very rich" by these standards. I have, what I consider, good money management. So why is it that I'm not "rich?"
What have your investments returned, on average, over the past 15 years?

My 401K is now a 400K (was 301K)
01WhiteCobra is offline  
post #48 of 54 (permalink) Old 11-01-2008, 12:08 PM
Out
 
Join Date: Apr 2000
Posts: 41,952
Quote:
Originally Posted by Got5onIt
This is DFWstangs, you sure you don't make 10x's more than "filthy rich"?
You think I'd associate with you guys if I did?!?! I'm far from it, but I hope to have one seven-figure year before I die. I just don't see it happening. It take me doing some outrageous shit just to get into six-figures (and barely in there, at that).
Denny is offline  
post #49 of 54 (permalink) Old 11-01-2008, 12:10 PM
Out
 
Join Date: Apr 2000
Posts: 41,952
Quote:
Originally Posted by 01WhiteCobra
What have your investments returned, on average, over the past 15 years?
Last 15 years? Only two years worth bragging about. Overall, I'd say slightly better than just keeping it in something low-risk (and a ton of foot-work to boot).
Denny is offline  
post #50 of 54 (permalink) Old 11-01-2008, 12:32 PM
No Cerveza... No Trabajo
 
01WhiteCobra's Avatar
 
Join Date: Jun 2002
Location: Where's my beer?
Posts: 21,924
Quote:
Originally Posted by Denny
Last 15 years? Only two years worth bragging about. Overall, I'd say slightly better than just keeping it in something low-risk (and a ton of foot-work to boot).
Got to work on getting the returns up. Nothing like waking up every morning while your money is kicking ass!

Although I have to say the $2500 I invested 10 years ago on the current gig is returning around 10000% a year... of course I still have to work at it.

Owning a business does help out a lot (even with the 0% returns the first 3 years!)

My 401K is now a 400K (was 301K)

Last edited by 01WhiteCobra; 11-01-2008 at 12:38 PM.
01WhiteCobra is offline  
Sponsored Links
Advertisement
 
Reply

Bookmarks

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DFWstangs Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome