Quote:
Originally Posted by unit
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
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Rich by my definition means you can buy million dollar homes on a monthly basis.
Wealthy is someone who signs ^ guy's pay cheque.