i guess what i meant to ask is

when would you consider yourself/someone to be rich?
and
when would you consider yourself/someone to be poor?



[Edited on June 3, 2010 at 5:41 PM. Reason : and the middle ground]

6/3/2010 5:38:30 PM

wealthy/broke

6/3/2010 5:39:22 PM

carlos: rich

gates: poor

6/3/2010 5:40:25 PM

6/3/2010 5:41:08 PM

white, non redneck, non wigger: rich
else: poor

6/3/2010 5:42:51 PM

To me debt-free with at least a years worth of expenses in the bank, a comfortable retirement account, and a regular job.

Without debt payments you could make like $30K and live comfortably.

6/3/2010 5:45:09 PM

million dollar house or more
luxury car
minum 1 million dollar savings + retirement

6/3/2010 5:48:34 PM

is that rich or poor?

6/3/2010 5:54:31 PM

"rich" - upper quartile net worth
"poor" - lower quartile net worth
"middle ground" - everybody else

6/3/2010 5:58:14 PM

100k/year salary

or

500k non real estate/automobile net worth

6/3/2010 6:01:58 PM

^That is dumb.


This is not:

Quote :

""rich" - upper quartile net worth "poor" - lower quartile net worth"

6/3/2010 6:03:58 PM

savings account / investments

and

accepting financial assistance / welfare

6/3/2010 6:06:12 PM

^^really? because if you live in california your shack could be worth 300k now making you "rich" in net worth but if you actually got a mortgage on it you would be "poor" income wise.

6/3/2010 6:09:31 PM

Quote :

"accepting financial assistance / welfare "

yikes. loans get compared to welfare ITT

6/3/2010 6:11:10 PM

^
depends on what the loan is for.
by assistance, I mean, you need it to pay bills...buy food...get by.
if your loan is for school or business or something, that's not "assistance" as I mean it.

6/3/2010 6:13:57 PM

ohhhh ok that is better.

i still used some loan $$ to live off of while in school. but i'm chalking those up as educational expenses. people have to eat while they go to school!

6/3/2010 6:17:12 PM

^
everyone knows that most students are poor, lol.

6/3/2010 6:21:50 PM

true. most students are beyond poor lol

i would sign up for food stamps if i could

6/3/2010 6:23:57 PM

Rich: Financially stable
Poor: not

I'm personally not financially stable, but thats what parents are for until you're about 25.

I'm AstralAdvent and i approved this message.

6/3/2010 6:25:31 PM

WHAT? then my parents should be paying me back for the last four years of my life.

though i can't complain TOO much cause i did get to go back on my parent's health insurance after i went back to school. but i age out in a month so i'm getting kicked to the curb again. and i lived at home for 2 summers whilst in law school. though the second one wasn't by choice. but that did save some $$$ on food. unfortunately i was still paying board at a place i wasn't living in

i want a job so badddddddddddd

[Edited on June 3, 2010 at 6:30 PM. Reason : .]

6/3/2010 6:29:44 PM

i'm speaking in general, it is fairly difficult for people to get jobs now and most people your age are going back to school because they can get loans and live off that + parents, and that's better than collecting unemployment i guess...

Unless i make a shit load of money before i graduate i probably won't be stable by the time i'm 25. Then again i don't really spend money on anything.

I'm AstralAdvent and i approved this message.

6/3/2010 6:34:38 PM

6/3/2010 6:43:21 PM

6/3/2010 6:43:54 PM

6/3/2010 6:44:18 PM

ahaha


I'm AstralAdvent and i approved this message.

6/3/2010 6:45:00 PM

ahahaha

6/3/2010 6:47:21 PM

Quote :

"really? because if you live in california your shack could be worth 300k now making you "rich" in net worth but if you actually got a mortgage on it you would be "poor" income wise."

So paying $1300 month for a mortgage, reducing your salary to $84,400 per year, would make you poor?

6/3/2010 6:54:03 PM

Something like less than 3% of the population will ever make 100k/year?

6/3/2010 7:13:50 PM

Cheeseburger and chocolate shake =rich

6/3/2010 7:18:55 PM

bttt

6/4/2010 10:20:33 AM

Rich: Food on the table, roof over my head, and cold beer in the fridge.

6/4/2010 10:23:26 AM

damn gotta get those images back h8r

I'm AstralAdvent and i approved this message.

6/4/2010 10:24:49 AM

rich: the ability to spend money on things you want without having to think about it.
poor: not having money to spend on things you need.

middle ground: money for things you need but maybe not all the things you want

6/4/2010 10:26:38 AM

I like how if you're not poor, you're rich, and vice versa.

some of y'all need to get out of fantasyland.

6/4/2010 10:27:37 AM

^

6/4/2010 10:29:33 AM

rich...more money than me
Poor...less money than me

6/4/2010 10:29:45 AM

actually you'd probably do it for free

I'm AstralAdvent and i approved this message.

[Edited on June 4, 2010 at 10:31 AM. Reason : nvm]

6/4/2010 10:30:30 AM

It would depend on how much money I'd be getting.

6/4/2010 10:31:54 AM

Quote :

"when would you consider yourself/someone to be rich? and when would you consider yourself/someone to be poor?"

rich: when they can afford to pretty much do what they want, go on vacation somewhere? sure! pickup a new tv? sure! buy a new house somewhere? sure! when money is not a issue when it comes to actually living.

poor: when you can't or just barely cover costs, eg. if your car broke down could you pay to replace it? no. repair it? no. if you had a medical bill come up could you cover it with out impacting a large portion of your other expenses? no. when money is a pivotal issue when it comes to actually living.

6/4/2010 10:33:51 AM

Quote :

"I like how if you're not poor, you're rich, and vice versa. some of y'all need to get out of fantasyland."

I know, right?
I still think my answer is good:



rich: savings account / investments

[middle]: neither

poor: accepting financial assistance (to get by) / welfare

6/4/2010 10:36:26 AM

^^

[Edited on June 4, 2010 at 10:36 AM. Reason : best post yet.]

6/4/2010 10:36:42 AM

Quote :

" rich: when they can afford to pretty much do what they want, go on vacation somewhere? sure! pickup a new tv? sure! buy a new house somewhere? sure! when money is not a issue when it comes to actually living. poor: when you can't or just barely cover costs, eg. if your car broke down could you pay to replace it? no. repair it? no. if you had a medical bill come up could you cover it with out impacting a large portion of your other expenses? no. when money is a pivotal issue when it comes to actually living."

But when you're rich, you want things like luxury yachts that you can't afford, or perhaps a private jet...

And by this definition, the vast majority of Americans are poor...

6/4/2010 10:52:53 AM

Top 1% of Americans: Rich.
Bottom 99%: Poor.

6/4/2010 10:54:40 AM

rich: when you can live a very good life off the interest of the interest of your money

6/4/2010 10:55:57 AM

Poor- limited to no water, food, ,shelter, healthcare, rights, education, family/friends/love.

I consider myself VERY rich by that definition.

I don't care what anybody says, living in the USA makes you rich.

[Edited on June 4, 2010 at 11:06 AM. Reason : GREAT THREAD TARUNY!]

6/4/2010 11:02:31 AM

Just $.43 a day, can feed little Oonfufu

6/4/2010 11:07:18 AM

Quote :

"But when you're rich, you want things like luxury yachts that you can't afford, or perhaps a private jet..."

not everyone wants a yacht or a private jet. even if they could 'afford' it....

my definition still fits, as if you're truly 'rich' you could afford to get a 'yacht' (note there is not quantitative size or cost here 100k will get you a nice boat, much less than a house, it's the upkeep that will kill you) or get in on a private jet share quite easily.

my definition is also transferable across the board to any country.

[Edited on June 4, 2010 at 11:11 AM. Reason : s]

6/4/2010 11:10:38 AM

Quote :

"But when you're rich, you want things like luxury yachts that you can't afford, or perhaps a private jet..."

what's your point? that there are levels of rich? ok...

Quote :

"And by this definition, the vast majority of Americans are poor..."

No, the vast majority of Americans don't know how to manage the money they do have.

6/4/2010 11:13:50 AM

Quote :

"rich: the ability to spend money on things you want without having to think about it. poor: not having money to spend on things you need. middle ground: money for things you need but maybe not all the things you want"

im going to have to agree the most with this

6/4/2010 11:38:38 AM

rich: not me
poor: me

6/4/2010 11:46:15 AM