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unit · 08-13-2009, 12:26 PM

im not rich (far from it), but i was wondering how much income somebody would have to make to be considered "wealthy" or "rich"

i think if you can afford a 1m home, you can call yourself rich.
to afford a 1m home you probably need to be making around 250k/yr (gross)
and just because you own a 1m home doesnt make you rich either, since most ppl bought a 500k home 5-10 years ago and now its worth 1m... that doesnt count.

discuss

08-13-2009, 12:26 PM	#1
unit SFICC-03* Join Date: Mar 2002 Location: richmond Posts: 9,469 Thanked 4,277 Times in 1,681 Posts Failed 167 Times in 88 Posts	being rich im not rich (far from it), but i was wondering how much income somebody would have to make to be considered "wealthy" or "rich" i think if you can afford a 1m home, you can call yourself rich. to afford a 1m home you probably need to be making around 250k/yr (gross) and just because you own a 1m home doesnt make you rich either, since most ppl bought a 500k home 5-10 years ago and now its worth 1m... that doesnt count. discuss