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-   -   being rich (https://www.revscene.net/forums/585738-being-rich.html)

WHEYsted 08-14-2009 05:07 PM

Quote:

Originally Posted by yellowpower (Post 6547122)
CLAIMMMMM

200k/year sounds like a lot but the tax is astronomical almost 40% of it is gone in the end to the government alone. Finances/savings bonds on top.

325ist 08-14-2009 05:43 PM

It depends were you live. In vancouver being rich is different than Prince George. I think if you are not worried to hang out with "poor" people, you are not yet rich.

Gt-R R34 08-14-2009 07:10 PM

Quote:

Originally Posted by unit (Post 6546946)
wow engrish at its finest.

anyway, i disagree about rich meaning you can afford anything. no matter how much money you have, theres always going to be something new that you want and cant afford.

haha why you hurting, UNIT.

man i really butchered it.

Chuck Norris 08-15-2009 06:11 PM

This is a hard question to answer because it's all relative.

For example. A guy making minimum wage in Canada, renting a gross apartment, just living from paycheque to paycheque is rich compared to a family in Africa where a family of 4 all working might make $3 a day.

I'm a member on 6speedonline and they are rich compared to the average revscene user.

Each person needs to define what rich is and that will be different things for different people. Any family income over $100,000 in Vancouver or GVRD is considered rich although due to upbringing and association, it feels average. Maybe even a bit poor.

If your idea of rich is a few homes worth a million a piece and a couple of nice cars (Bentley and Ferrari) it's not going to happen on $100,000k a year unless you're actively investing which I consider an extra job.

I used to think rich was when you stopped looking at the price tags and didn't calculate the bill in your head when ordering at dinner.

Ironically, the more money I make both in net worth and in my job, the more I look at price tags, refuse to buy things, and opt for water during dinner because I don't want to spend $1.25 on a pop.

Cheap? Probably. Wealthy? :)

dubzz24 08-19-2009 09:09 AM

Quote:

Originally Posted by penner2k (Post 6547206)
What if you have one nice property? Why do you need to have an expensive car? No debt maybe in Canada.. in the states it actually doesnt make sense for you to not have a mortgage since you can actually write the interest off.

You know that "write off" means it's just a tax deductable, right? Just like investment property mortgage interest here in Canada. It means that you don't pay tax on the amout equal to the interest payments, it doesn't mean that you get the whole amount of interest back. For instance, if you pay $10k in interest on a mortgage, you might get $1500-$3000 back depending on your tax bracket. You're still paying $7000-$8500 in interest.

gnu5 08-20-2009 04:53 PM

do what you want, when you want............

unit 08-20-2009 05:33 PM

^i somewhat disagree because that sounds more like retirement, to be financially free.

johny 08-20-2009 05:44 PM

if you own a 300' yacht, helicopter, jet, and an island. you are rich.

BoneThug 08-20-2009 06:44 PM

Quote:

Originally Posted by johny (Post 6556752)
if you own a 300' yacht, helicopter, jet, and an island. you are rich.

thats lazy thinking. you could live in a shack and still have a mil in the bank.

rich is a high net worth relative to your area. I could be rich if I moved to africa for example, but not so much here. wealthy is being rich enough to support your family over multiple generations.

nipples 08-21-2009 04:52 AM

^exactly!! Rich is having a high net worth. Check out the book 'Rich like them'
To be wealthy is to be financially free - to be able to pursue what you're passionate about. Being able to still have income generated despite quitting the 9-5job.

I'm not interested in being rich. There's no end to it. 10M, 20M,900B what's the difference? They're all financially free, so there is not qualitative difference between them.

But to be wealthy and not having to worry about money or work or whatever is concrete depending on your own financial situation.

SuperSlowSS 08-21-2009 12:09 PM

Quote:

Originally Posted by nipples (Post 6557460)
I'm not interested in being rich. There's no end to it. 10M, 20M,900B what's the difference? They're all financially free, so there is not qualitative difference between them.

big difference!!! you can't buy a g5 with 10m or 20m. 900B is where it is at now days. lol

StaxBundlez 08-22-2009 08:56 PM

..as long as i have your friendship, i will, and always, be the richest man...

pfffft
HAHHAHA


500 BILLION SON
stupid money

hillmar 08-26-2009 04:07 PM

I just let the credit card company determine if your rich .......If you spend-

U.S.- become a card holder included minimum spending of $250,000 in a 12 month period... and willing to dish out US$ 2,500 + One-time joining
fee of US$ 5,000.
http://en.wikipedia.org/wiki/Centurion_Card


Canada- 1 Million CAD in Liquid Assets, Net Worth of 3 Million CAD or >.
* 250,000 or more Annual Income
http://www.luxuryplastic.com/visa-in...lack-card-rbc/


So im guessing you met all the requirements that these cards require with no debt... your considered rich or the elite 1 percent of the population.

dinamix 08-26-2009 04:34 PM

http://seoblackhat.com/wp-content/up...liet-paper.jpg

ws6ta 08-26-2009 07:16 PM

Quote:

Originally Posted by hillmar (Post 6564886)
I just let the credit card company determine if your rich .......If you spend-

U.S.- become a card holder included minimum spending of $250,000 in a 12 month period... and willing to dish out US$ 2,500 + One-time joining
fee of US$ 5,000.
http://en.wikipedia.org/wiki/Centurion_Card


Canada- 1 Million CAD in Liquid Assets, Net Worth of 3 Million CAD or >.
* 250,000 or more Annual Income
http://www.luxuryplastic.com/visa-in...lack-card-rbc/


So im guessing you met all the requirements that these cards require with no debt... your considered rich or the elite 1 percent of the population.


i have a black infinite :D

you achieve rich status when your monthly income is over 200k!

will068 08-26-2009 10:47 PM

Shaquille O'Neal is rich. The guy writing Shaq's paycheck is wealthy.

misteranswer 08-26-2009 11:24 PM

Quote:

Originally Posted by will068 (Post 6565512)
Shaquille O'Neal is rich. The guy writing Shaq's paycheck is wealthy.

repost

Ulic Qel-Droma 08-26-2009 11:53 PM

Quote:

Originally Posted by Chuck Norris (Post 6548670)
This is a hard question to answer because it's all relative.

For example. A guy making minimum wage in Canada, renting a gross apartment, just living from paycheque to paycheque is rich compared to a family in Africa where a family of 4 all working might make $3 a day.

I'm a member on 6speedonline and they are rich compared to the average revscene user.

Each person needs to define what rich is and that will be different things for different people. Any family income over $100,000 in Vancouver or GVRD is considered rich although due to upbringing and association, it feels average. Maybe even a bit poor.

If your idea of rich is a few homes worth a million a piece and a couple of nice cars (Bentley and Ferrari) it's not going to happen on $100,000k a year unless you're actively investing which I consider an extra job.

I used to think rich was when you stopped looking at the price tags and didn't calculate the bill in your head when ordering at dinner.

Ironically, the more money I make both in net worth and in my job, the more I look at price tags, refuse to buy things, and opt for water during dinner because I don't want to spend $1.25 on a pop.

Cheap? Probably. Wealthy? :)

hahaha you know it too well man.

it's like the devils game on human nature.

jbsali 08-26-2009 11:55 PM

Quote:

Originally Posted by nonamehustla (Post 6545724)
Why do you care anyway OP? Your not going to get any closer to wealth by discussing other peoples fortune. Get off your ass, get an education, find a job that you love and pays well, work hard. Then you'll go places.

dude it was just a question... chill...out.

freakshow 09-15-2009 05:11 PM

Quote:

Originally Posted by nipples (Post 6557460)
I'm not interested in being rich. There's no end to it. 10M, 20M,900B what's the difference? They're all financially free, so there is not qualitative difference between them.

I'm gonna have to agree with SuperSlowSS.. 900B makes a slight difference.. :P

mr_piggy 09-26-2009 11:08 AM

IMO being rich means you're not a SLAVE to STUFF.

Harvey Specter 09-29-2009 03:10 PM

"I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing."

Westcoast67 10-01-2009 09:02 PM

I would define it is being financially independent. Where you can choose if you'd like to work or not. To put a number on it? Networth exceeding $3MM. Problem in BC is that a lot of people are technically millionaires because of the astronomical real estate boom. Right place at the right time.

unit 10-01-2009 09:43 PM

i think to be a millionaire you need a million in liquid assets. having a half decent house in vancouver and calling yourself a millionaire is lulz

KuSouL 10-01-2009 10:44 PM

buying a million dollar houses definitely does not make you rich ... in asia a relatively standard apartment costs that much

i think being rich is just ... being able to afford luxuries at the blink of an eye ~ there is no actual amount of money you need to make a year to quality as being rich ... i think this is most obvious when you travel a lot you see all the different values and costs of living in different countries

as for wealth ... you can call it a state of mind but fuck that
the wealthy people own the rich people ~ end of story


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