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Posted: 7/23/2010 11:03:04 AM EDT
[#1]
You're conflating influential with rich. How about a well-connected lawyer who knows a lot of people and talks a good game? He has a lot of influence on politics, but he isn't rich, necessarily.
They're orthogonal concepts. |
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Posted: 7/23/2010 11:04:25 AM EDT
[#2]
People who have enough money that they don't have to work (even if they do).
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Posted: 7/23/2010 11:04:35 AM EDT
[#3]
"Rich" means you have so much money that you, your family and your decendants will never have to work and instead can live off your investment income alone for eternity.
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Posted: 7/23/2010 11:05:05 AM EDT
[#4]
Someone who has enough money that they no longer need to work
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Posted: 7/23/2010 11:06:24 AM EDT
[#5]
Quoted:
People who have enough money that they don't have to work (even if they do). Quoted:
"Rich" means you have so much money that you, your family and your decendants will never have to work and instead can live off your investment income alone for eternity. Quoted:
Someone who has enough money that they no longer need to work I would agree with these assessments. When I grow up, I want to be independently wealthy. 
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Posted: 7/23/2010 11:07:47 AM EDT
[#6]
To me "rich" in the commom usage is defined as someone who has more money than they can spend.
Wealth refers to more money than their grandchildren can spend. |
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Posted: 7/23/2010 11:08:07 AM EDT
[#7]
When for all practical purposes you no longer have to ask "how much?"
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Posted: 7/23/2010 11:09:22 AM EDT
[#8]
$250k seems like a nice starting point. Wealthy is a bit different, though. To me, you are wealthy when your money works harder than you do.
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Posted: 7/23/2010 11:09:32 AM EDT
[#9]
Anyone with enough smarts to work hard and save to where when they retire they don't have to:
A) suck on the govt tit B) not work and live comfortably in retirement to offset inflation C) have enough money to finance children and grandchildren with higher education costs, weddings, and large family vacations where everyone has a great time D) Zero debt when they die and enough money left over so children and grand kids will receive some sort of financial gain. Now for some that is $10 million and for some others more or less than this number. |
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Posted: 7/23/2010 11:10:31 AM EDT
[#10]
While we're at this little exercise, can we determine who is "smart" and who isn't? Then maybe we can move on to who is "fit" and who isn't, and possibly who's "patriotic" and who isn't? Life's a heck of a lot easier with nice neat labels for everyone.
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Posted: 7/23/2010 11:11:07 AM EDT
[#11]
Quoted:
You're conflating influential with rich. How about a well-connected lawyer who knows a lot of people and talks a good game? He has a lot of influence on politics, but he isn't rich, necessarily. They're orthogonal concepts. That guy usually has a big pile of money to go along with it. Poor lawyers don't usually have a lot of pull, unless they are a government lawyer. |
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Posted: 7/23/2010 11:11:18 AM EDT
[#12]
12 million, liquid.
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Posted: 7/23/2010 11:11:51 AM EDT
[#13]
In the political sense, anyone who owns a house and/or makes more than 100k per year.
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Posted: 7/23/2010 11:13:29 AM EDT
[#14]
anyone making more than me
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Posted: 7/23/2010 11:13:41 AM EDT
[#15]
Quoted:
The other threads going around have demonstrated that there isn't any common definition of "The Rich". So, in your own words, please tell me who you feel constitute "The Rich". In my view, "The Rich" are people who are so wealthy that money is no longer about being able to afford a higher standard of living but about the ability to exercise influence over industry, technology and/or politics. The way I see it, you need to have at least one hundred million dollars ($100,000,000) to even begin exercising influence, but even then your influence is still limited. I consider "The Rich", the people who actually have the money to throw their weight around, as being people worth five hundred million dollars ($500,000,000) and up. In a small town in a small county you can influence people with family name and the history that follows that name. Typically that family has money in the millions, but not hundreds of millions. Look at the Ravenels of South Carolina for instance. Long history and millions of dollars...you don't need $100 million to influence the populace in most states. Lots of them have helped run the state of SC at some point over the past 180 years. |
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Posted: 7/23/2010 11:13:56 AM EDT
[#16]
Someone that has enough money to stop working whenever they choose(if they do to start with) and can live comfortably for life.
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Posted: 7/23/2010 11:14:27 AM EDT
[#17]
I don't like this whole concept of defining people according to their wealth. What's the purpose? So you can glorify them? Demonize them? Tax them? Be envious?
People get hung up crap like this too easily and use it as an excuse to create divisions. |
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Posted: 7/23/2010 11:15:33 AM EDT
[#18]
Rich people make my teeth hurt.
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Posted: 7/23/2010 11:15:43 AM EDT
[#19]
Quoted:
While we're at this little exercise, can we determine who is "smart" and who isn't? Then maybe we can move on to who is "fit" and who isn't, and possibly who's "patriotic" and who isn't? Life's a heck of a lot easier with nice neat labels for everyone. He didn't ask for a "determination" or a definitive answer. He asked what it means to each of us as an individual. I don't see this as being a thread about labeling. More a thread about different perspectives. YMMV |
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Posted: 7/23/2010 11:16:38 AM EDT
[#20]
Quoted:
While we're at this little exercise, can we determine who is "smart" and who isn't? Then maybe we can move on to who is "fit" and who isn't, and possibly who's "patriotic" and who isn't? Life's a heck of a lot easier with nice neat labels for everyone. i want to see where the line for wierd starts |
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Posted: 7/23/2010 11:17:28 AM EDT
[#21]
Quoted:
$250k seems like a nice starting point. Wealthy is a bit different, though. To me, you are wealthy when your money works harder than you do. Thats kind of what I would think. 250k a year ( unless you're in Manhatten or a few other ultra expensive areas..) is rich to me. Not ultra rich, just rich. |
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Posted: 7/23/2010 11:18:09 AM EDT
[#22]
Quoted:
When for all practical purposes you no longer have to ask "how much?" I concur with this assessment. |
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Posted: 7/23/2010 11:18:23 AM EDT
[#23]
Quoted:
Quoted:
While we're at this little exercise, can we determine who is "smart" and who isn't? Then maybe we can move on to who is "fit" and who isn't, and possibly who's "patriotic" and who isn't? Life's a heck of a lot easier with nice neat labels for everyone. i want to see where the line for wierd starts because from way back there you can't see the line, right?
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Posted: 7/23/2010 11:19:29 AM EDT
[#24]
Rich is someone who doesn't have to work
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Posted: 7/23/2010 11:21:05 AM EDT
[#25]
Honestly, I don't define it. The dividing line is a moving target and the term can mean different things in different contexts.
Bill Gates is rich. Warren Buffet is rich. But, in my opinion, someone who nets a million a year is also probably rich. Someone making less than that can be rich, someone making more than can be not rich if they manage their money wrong. Having assets that allow a person to live in a carefree manner without ever worrying about a paycheck is rich (but this is not the same as "retired", which is a far cry from rich in most cases) But just having a lot of money doesn't necessarily put one in the capital "R" category. "THE RICH" is a boogieman class warfare thing in this country, in many cases (and in my opinion). "Evil tax cuts that favor THE RICH", for instance. At this point in my life, I'd consider myself rich at the previously mentioned million/year of income or with ... hmm, let's say $40 million in cash/investments/whatever. But that's not snobby yacht club, rubbing elbows with the upper crust rich. That's the rich of a guy that's lived his whole life solidly middle-class. |
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Posted: 7/23/2010 11:22:00 AM EDT
[#26]
Ironically, perhaps, I would consider myself "rich" when I no longer need a paycheck in order to leave a comfortable lifestyle. (Maybe I still would work, but I wouldn't *have* to.)
The irony is that if I was rich, I would not be paying much in taxes, because my actual income would not be unusual –– I would just have a lot of money in the bank or tied up in investments. |
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Posted: 7/23/2010 11:23:57 AM EDT
[#27]
In my neck of the woods I would consider a family earning over about $250k/yr who isn't in debt to be 'rich'.
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Posted: 7/23/2010 11:28:24 AM EDT
[#28]
Having so many friends that the Christmas presents don't fit under the tree.
Money ain't shit. 
The government considers me rich as I'm in the highest tax brackets state and federal. |
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Posted: 7/23/2010 11:31:36 AM EDT
[#29]
Quoted: In my neck of the woods I would consider a family earning over about $250k/yr who isn't in debt to be 'rich'. this is about what im thinking. |
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Posted: 7/23/2010 11:32:00 AM EDT
[#30]
Quoted: You're conflating influential with rich. How about a well-connected lawyer who knows a lot of people and talks a good game? He has a lot of influence on politics, but he isn't rich, necessarily. They're orthogonal concepts. ^^^ Truth. ^^^ As for how I would define "Rich", in the sense that you are asking, there are two types. The first type is independently wealthy and doesn't need to work, or engage in any form of money making other than investments. They don't own or operate a company or other business, they simply live off of their already gained/given wealth. Generally, these folks would be able to live comfortably the rest of their lives without ever making another dime, and still have cash leftover to leave to heirs. No real debt, it's all capital. The second type run some sort of business to generate capital, and are still making money through these business ventures. They may be investing, but they are still creating wealth. If they owe more than they own, I don't consider that wealthy. The caveat being that if they were to stop generating wealth right now, the capital they currently have after paying off debt would allow them to live comfortably the rest of their lives only on liquid capital, without ever making another dime, and have leftover to leave to their heirs. There isn't an arbitrary number amount that defines "Rich", IMO. But then again, I don't worry about what other people have, I'm only concerned about me and mine.
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Posted: 7/23/2010 11:32:46 AM EDT
[#31]
Anyone with more money than me.
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Posted: 7/23/2010 11:34:06 AM EDT
[#32]
Well if you ask my mom or sisters to define rich, they would say, "anybody who has a nickle more than I do".
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Posted: 7/23/2010 11:37:55 AM EDT
[#33]
I define anyone named motown_steve as rich. {Tax Nazi} More taxes for you! {Tax Nazi}
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Posted: 7/23/2010 11:38:16 AM EDT
[#34]
Me!
I have an Awesome Wife, Great Kids and a God whom loves me. I can still walk, I can still Hear, See, and Feel. I am rich beyond belief. Or were you just talking about money? |
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Posted: 7/23/2010 11:38:27 AM EDT
[#35]
It's all relative.
Since USA's poor are richer than 85% of the world, are they rich? |
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Posted: 7/23/2010 11:38:44 AM EDT
[#36]
I usually see someone as rich if they have disposable income greater than my total income. Turns out, I think a lot of people are rich
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Posted: 7/23/2010 11:41:10 AM EDT
[#37]
Gates, Buffett, Mark Cuban, etc etc. All of them are "The Elites" They are above "The Rich" but they are used as evil figureheads to attack "The Rich"
"The Rich" are people like the late Phil Harris, from "Deadliest Catch" and now, his sons are. "The Rich" is your grandparents. "The Rich" is the guy who saves up his money from a tour in Iraq, and a year or two of contracting over there, then buys a house for 150k cash, and flips it and buys another house. "The Rich" is the guy that owns the local bakery, or butcher shop. "The Rich" is your local small business owner, because they are the people that benefit from "Tax cuts for The Rich" The Elites don't benefit from the tax cuts for the rich, it does nothing to them. What it does do is prevent anyone else from becoming an Elite, it keeps them in power. |
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Posted: 7/23/2010 11:44:26 AM EDT
[#38]
The definition is always: "whoever has more money/nice shit than I do."
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Posted: 7/23/2010 11:44:54 AM EDT
[#39]
I guess "rich" to me in a money way would be someone who does not have to ever work, buys what they want when they want, and has people do everything for them when it comes to, let's say, house/car maintance, ect.
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Posted: 7/23/2010 11:45:11 AM EDT
[#40]
Anyone who makes more than me... or anyone who makes less than me but spends their money in such a responsible manner, that they have more stuff than I do.
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Posted: 7/23/2010 11:45:38 AM EDT
[#41]
Quoted: To me "rich" in the commom usage is defined as someone who has more money than they can spend. Wealth refers to more money than their grandchildren can spend. Not Possible. I could easily squander Bill Gate's fortune if I put my mind to it. |
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Posted: 7/23/2010 11:48:25 AM EDT
[#42]
"I call it Ed's Island"
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Posted: 7/23/2010 11:49:24 AM EDT
[#43]
Quoted: Having so many friends that the Christmas presents don't fit under the tree. Money ain't shit. The government considers me rich as I'm in the highest tax brackets state and federal. Well I could help you with that problem. |
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Posted: 7/23/2010 11:49:33 AM EDT
[#44]
Rish is being able to keep a roof over your head , food on the table and clothes on your back.
Unfortunately half of our selfish jealous country believes that is poverty. |
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Posted: 7/23/2010 11:49:37 AM EDT
[#45]
Quoted:
Quoted:
To me "rich" in the commom usage is defined as someone who has more money than they can spend. Wealth refers to more money than their grandchildren can spend. Not Possible. I could easily squander Bill Gate's fortune if I put my mind to it. Brewster's Millions comes to mind. |
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Posted: 7/23/2010 11:51:39 AM EDT
[#46]
Like others in this thread... the only "Rich" i envy, are the TRULY rich....
By that I mean men who have loving wives, kids, and have a decent, steady job they actually enjoy. I envy that more than any of the toys materially rich people play with. I'm currently poor in EVERY area... except for finances. I'm actually doing pretty decently, but my house is paid off, so I have more disposable income/leeway |
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Posted: 7/23/2010 11:52:57 AM EDT
[#47]
Quoted:
12 million, liquid. That's my magic number. But I would settle for $10mm and go ahead and quit my day job. |
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Posted: 7/23/2010 11:53:43 AM EDT
[#48]
Quoted: Brewster had to have no assets left.Quoted: Quoted: To me "rich" in the commom usage is defined as someone who has more money than they can spend. Wealth refers to more money than their grandchildren can spend. Not Possible. I could easily squander Bill Gate's fortune if I put my mind to it. Brewster's Millions comes to mind. Personal jets are for nouvea riche pissants. I'd have a luxury jet, and an aircraft carrier to land it on. If I had money left over, I'd get a carrier group to escort it. Still money left over? Well, I'll have to start buying governments... |
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Posted: 7/23/2010 11:54:37 AM EDT
[#49]
Someone that gets food stamps, welfare and a unemployment check
in my town is considered rich or at the least well to do. |
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Posted: 7/23/2010 11:56:01 AM EDT
[#50]
Quoted:
Someone that gets food stamps, welfare and a unemployment check in my town is considered rich or at the least well to do. Do you live in Memphis? |
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