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07.14.08, 17:22 PM General Topics
33 replies
how do you definte "incredibly wealthy?" [ Reply | Watch | Flag ]
General Topics 07.14.08, 05:22 PM Flag
 

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making more than a million dollars a year [ Reply | More
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General Topics 07.14.08, 05:23 PM Flag
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really? that doesn't get you that far. [ Reply | More
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General Topics 07.14.08, 05:25 PM Flag
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making more than a million??? I don't think I know anyone who makes that. I know people who have that in savings, houses, etc. combined, but not anyone who makes that anually. [ Reply | More
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General Topics 07.14.08, 05:26 PM Flag
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where do you live? [ Reply | More
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General Topics 07.14.08, 05:26 PM Flag
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^^ i don't mean that in a snarky way at all. am just curious becuase i feel like everyone i know does. maybe it is just the bubble i am in [ Reply | More
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General Topics 07.14.08, 05:27 PM Flag
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yes you are in a bubble [ Reply | More
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General Topics 07.14.08, 05:28 PM Flag
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really? what do these people do? is everyone a ceo or something? [ Reply | More
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General Topics 07.14.08, 05:29 PM Flag
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all finance in some form or another. or family $$ [ Reply | More
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General Topics 07.14.08, 05:29 PM Flag
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how does one "make" over a million a year in family $? From dividends? [ Reply | More
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General Topics 07.14.08, 05:30 PM Flag
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Drawing income from a trust [ Reply | More
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General Topics 07.14.08, 06:03 PM Flag
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drug dealers silly [ Reply | More
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General Topics 07.14.08, 05:42 PM Flag
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DH makes more than a million. IT sales. In a good year, I come close. I'm a Treasurer. [ Reply | More
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General Topics 07.14.08, 06:03 PM Flag
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you're kidding, right? everybody you know makes over a million a year? what do they do? [ Reply | More
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General Topics 07.14.08, 05:29 PM Flag
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Not snarky, but seriously, what do your friends do? [ Reply | More
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General Topics 07.14.08, 05:30 PM Flag
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artists, writers, lawyers, finance, all kinds of things. computers, store owner. [ Reply | More
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General Topics 07.14.08, 05:31 PM Flag
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And all these people earn more than a million dollars? Do you have any idea how rare it is to earn that much? [ Reply | More
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General Topics 07.14.08, 06:05 PM Flag
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It really isn't that rare [ Reply | More
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General Topics 07.14.08, 06:12 PM Flag
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Yes, it is. As someone who specializes in tax and is very familiar with incomes in the US, I know for certain that million dollar incomes are very rare. [ Reply | More
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General Topics 07.14.08, 06:14 PM Flag
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0.15% of families (possibly multiple incomes) earned $1 MM or more in 2007. But you don't think it's rare? [ Reply | More
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General Topics 07.14.08, 06:17 PM Flag
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You need a grammarian in that bubble. [ Reply | More
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General Topics 07.14.08, 05:32 PM Flag
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roflmao [ Reply | More
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General Topics 07.14.08, 05:33 PM Flag
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ITA everyone I know would have 1mil+ and we're not in any exclusive circles or bubbles! Incredible wealthy to me would be 5mil+ in equity [ Reply | More
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General Topics 07.14.08, 06:12 PM Flag
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uws [ Reply | More
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General Topics 07.14.08, 05:28 PM Flag
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wealth has little to do with income everything to do with net worth [ Reply | More
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General Topics 07.14.08, 05:31 PM Flag
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exactly. Plenty of people blow through $1M a year and are far from incredibly wealthy. Unless you made that for a while and saved some of it you don't qualify. [ Reply | More
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General Topics 07.14.08, 05:35 PM Flag
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i think trump defines wealthy as making a million (or more) in passive investments. [ Reply | More
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General Topics 07.14.08, 06:00 PM Flag
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net worth ofover 30 mm [ Reply | More
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General Topics 07.14.08, 05:28 PM Flag
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private jet [ Reply | More
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General Topics 07.14.08, 05:28 PM Flag
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If under 45 and in NYC, net worth of over $10million PLUS earned income of over $1 million. Of course, if net worth is over $25 million, then earned income could really be 0. [ Reply | More
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General Topics 07.14.08, 05:56 PM Flag
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Having enough that you and your children will never have to worry about money, no matter what (expensive healthcare, etc). [ Reply | More
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General Topics 07.14.08, 06:02 PM Flag
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It's funny, but I know people with - by NYC standards - not that much income and not that high a net worth, who live fairly frugally (by choice) and as a result have managed to put themselves in this situation. I think past a certain point, it's more about what you spend and less about what you have/make. [ Reply | More
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General Topics 07.14.08, 06:05 PM Flag
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ITD. If you ever have to worry about money, you are not incredibly wealthy. If you save a nice nest egg, but have to worry about staying insurable so you don't run up millions of dollars in medical bills if there is a catastrophic injury or illness, you are not IMO, incredibly wealthy. [ Reply | More
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General Topics 07.14.08, 06:09 PM Flag
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Bill Gates. [ Reply | More
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General Topics 07.14.08, 06:57 PM Flag
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