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Whats the definition of being "rich"

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Old Jul 11, 2006 | 08:11 AM
  #21  
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Rich = the point where your money earns more money than you working.
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Old Jul 11, 2006 | 08:35 AM
  #22  
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Originally Posted by Ash,Jul 10 2006, 09:55 PM
I consider "rich" to be when my assets earn enough interest or income on their own to support my lifestyle without me having to work.

Another goal is to figure out how to pay no taxes at all.... call me republican... or cynical... I just don't want to pay for other people's choices of stupidity in life.
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Old Jul 11, 2006 | 09:08 AM
  #23  
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Originally Posted by mav,Jul 11 2006, 03:57 AM
And if a bus hits him tomorrow, he'll be making a $2 million donation to the feds.

IMO, the true definition of being rich is being happy, regardless of how you spend it or save it.
Not exactly, he has enough mortgage insurance, life insurace, and a good trust. How many broke people who can't pay their bills have you seen who are happy? Being happy is being happy, not rich. Although being rich tends to make you worry less and live a better live. Rich is using your money and ideas to create more wealth, not buying a nice cars, clothes, or taking vactions. All of those come once you are rich, however your income from your assets cover your sending habbits and more.

Sam
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Old Jul 11, 2006 | 10:43 AM
  #24  
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According to Rich Dad Poor Dad, being rich is when your assets bring in more money than your regular job does. AKA, if you were to lose your job, you would still have enough assets to live out the rest of your life. Assets could be stock/real estate/whatever
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Old Jul 11, 2006 | 01:09 PM
  #25  
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Rich = Being able to fill up your H2 twice a week.

jk

To me, there are two kinds of money.... Rich, and Wealthy.

As Chris Rock said.....


"Shaq is rich. The guy who signs his check, is wealthy"
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Old Jul 11, 2006 | 01:25 PM
  #26  
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in the financial sense: being "set" for life
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Old Jul 11, 2006 | 01:34 PM
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A/F < 14.7
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