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jmowreader

(52,645 posts)
22. I'll give you an example of what "wealthy" is
Mon Jan 6, 2025, 05:16 AM
Jan 2025

You go to the supermarket. You have a list with the food you'll need for a week on it.

You walk into a department and they've got some product that isn't on your list, is pricey and you enjoy eating.

If you can buy that item without having to not get another item on your list, or pay a bill late because you spent the money buying this product, you're wealthy.

Consider Shamsud-Din Jabbar, the guy who committed the New Orleans attack on New Year's Eve. He made a ton of money - well over $100,000 per year - but since he had bills that exceeded his income he was not wealthy.

On the other hand, I can go to the gas station or call the furnace repairman if I need to and not even worry about the bill because I KNOW I've got the money to cover it. Therefore, I am wealthy. And I don't even make a third of what Mr. Jabbar made.

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There probably isn't an answer to this question, or indirectly, there is an answer to this question, that SWBTATTReg Jan 2025 #1
$3.6 billion Unladen Swallow Jan 2025 #5
The national debt will never get paid down madville Jan 2025 #2
This isn't an answer to your entire question, but everything goes by "Net Worth" which is obviously.... A HERETIC I AM Jan 2025 #3
This message was self-deleted by its author PeaceWave Jan 2025 #15
Sure. A HERETIC I AM Jan 2025 #18
The answers to this good question vary widely Mike 03 Jan 2025 #4
Being somewhat NORTH of those numbers I assure you were' NOT "wealthy" WarGamer Jan 2025 #8
Agreed ProfessorGAC Jan 2025 #13
Same Here DET Jan 2025 #17
From a purely monetary perspective anciano Jan 2025 #6
Thought about it extensively... WarGamer Jan 2025 #7
Someone with $100 M is definitely wealthy, IMO Happy Hoosier Jan 2025 #16
Around 10 million Johonny Jan 2025 #19
I am wealthy, ForgedCrank Jan 2025 #9
This message was self-deleted by its author anciano Jan 2025 #10
This message was self-deleted by its author PeaceWave Jan 2025 #12
When someone can do pretty much whatever they want and still not touch the principle? haele Jan 2025 #11
I Don't Hate That ProfessorGAC Jan 2025 #14
To quote The Boss: Retrograde Jan 2025 #20
This message was self-deleted by its author LudwigPastorius Jan 2025 #21
I'll give you an example of what "wealthy" is jmowreader Jan 2025 #22
In my experience, "wealthy" often means having more money than the one using the term. DFW Jan 2025 #23
Living off the interest Greg_In_SF Jan 2025 #24
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