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08-14-2009, 05:07 PM
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#26 | | Banned By Establishment
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Originally Posted by yellowpower  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.
Last edited by WHEYsted; 08-14-2009 at 05:19 PM.
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08-14-2009, 05:43 PM
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#27 | | Proud to be called a RS Regular!
Join Date: Feb 2009 Location: Abbotsford
Posts: 149
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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.
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08-14-2009, 07:10 PM
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#28 | | Ubereem Mod
Join Date: Mar 2002 Location: Richmond
Posts: 3,070
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Originally Posted by unit 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.
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Originally Posted by Culture_Vulture sometimes I like to use kindergarten art class scissors to cut my pubes | | |
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08-15-2009, 06:11 PM
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#29 | | Unauthourized Spammer
Join Date: Jun 2005 Location: .
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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?  | |
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08-19-2009, 09:09 AM
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#30 | | Tech Team Mod
Join Date: May 2002 Location: LoL
Posts: 4,555
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Originally Posted by penner2k 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.
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08-20-2009, 04:53 PM
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#31 | | I Will not Admit my Addiction to RS
Join Date: Apr 2006 Location: North Burnaby
Posts: 509
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do what you want, when you want............
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08-20-2009, 05:33 PM
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#32 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,063
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^i somewhat disagree because that sounds more like retirement, to be financially free.
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08-20-2009, 05:44 PM
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#33 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
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if you own a 300' yacht, helicopter, jet, and an island. you are rich.
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08-20-2009, 06:44 PM
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#34 | | My homepage has been set to RS
Join Date: Oct 2005 Location: Van City
Posts: 2,230
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Originally Posted by johny 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.
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08-21-2009, 04:52 AM
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#35 | | HELP ME PLS!!!
Join Date: Jan 2002 Location: Vancouver
Posts: 5,560
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^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.
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~goodnight fat sig.
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08-21-2009, 12:09 PM
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#36 | | I contribute to threads in the offtopic forum
Join Date: Nov 2001 Location: Cayman Islands
Posts: 2,945
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Originally Posted by nipples 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
__________________ LClock 1.62b pinkbaby(aka pinkbuggy): (_\._) :p
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08-22-2009, 08:56 PM
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#37 | | My dinner reheated before my turbo spooled
Join Date: Nov 2006 Location: Vancouver
Posts: 1,720
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..as long as i have your friendship, i will, and always, be the richest man...
pfffft
HAHHAHA
500 BILLION SON
stupid money
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If we are not able to ask skeptical questions, to interrogate those who tell us that something is true; to be skeptical of those in authority, then we're up for grabs..
-Carl Sagan
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08-26-2009, 04:07 PM
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#38 | | Need my Daily Fix of RS
Join Date: Jul 2006 Location: vancouver
Posts: 251
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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.
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echo comming for you!
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08-26-2009, 04:34 PM
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#39 | | I contribute to threads in the offtopic forum
Join Date: Jan 2003 Location: Vancouver
Posts: 2,674
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:lol
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08-26-2009, 07:16 PM
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#40 | | Rs has made me the woman i am today!
Join Date: Jan 2002 Location: ?
Posts: 4,331
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Originally Posted by hillmar 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 
you achieve rich status when your monthly income is over 200k!
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08-26-2009, 10:47 PM
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#41 | | Rs has made me the man i am today!
Join Date: May 2002 Location: van
Posts: 3,412
Thanked 494 Times in 214 Posts
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Shaquille O'Neal is rich. The guy writing Shaq's paycheck is wealthy.
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08-26-2009, 11:24 PM
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#42 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Mar 2003 Location: Vancouver
Posts: 6,803
Thanked 91 Times in 38 Posts
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Originally Posted by will068 Shaquille O'Neal is rich. The guy writing Shaq's paycheck is wealthy. | repost
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08-26-2009, 11:53 PM
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#43 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,661
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Originally Posted by Chuck Norris 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.
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08-26-2009, 11:55 PM
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#44 | | Need to Seek Professional Help
Join Date: May 2006 Location: Vancouver
Posts: 1,023
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Originally Posted by nonamehustla 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.
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jbsali
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09-15-2009, 05:11 PM
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#45 | | nuggets mod
Join Date: Feb 2002 Location: richmond
Posts: 7,051
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Originally Posted by nipples 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
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I searched for truth, and all I found was You
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09-26-2009, 11:08 AM
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#46 | | Proud to be called a RS Regular!
Join Date: Jun 2009 Location: vancouver
Posts: 101
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IMO being rich means you're not a SLAVE to STUFF.
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if you do not do the thing you fear, the fear controls your life
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09-29-2009, 03:10 PM
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#47 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
Posts: 18,225
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"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."
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10-01-2009, 09:02 PM
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#48 | | 14 dolla balla aint got nothing on me!
Join Date: Feb 2005 Location: 604
Posts: 682
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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.
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10-01-2009, 09:43 PM
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#49 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,063
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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
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10-01-2009, 10:44 PM
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#50 | | RS.net, where our google ads make absolutely no sense!
Join Date: Apr 2006 Location: Toronto
Posts: 925
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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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