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| How Do You Know You're Rich; Or what would you need to make you rich | |
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| Topic Started: Jan 27 2017, 11:02 AM (339 Views) | |
| Opinionater | Jan 27 2017, 11:02 AM Post #1 |
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Senior Member
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Is there a benchmark or is it a personal thing? What do you consider makes someone or you rich. |
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| Steve K | Jan 27 2017, 02:36 PM Post #2 |
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Once and future cynic
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Something like if your net wealth + 20 times gross income > 100 times average wage? IE have net assets of ~£3M or salary of £150k or some mix of same. On that definition, I'm not rich, well short in fact so excluding a lottery win then at this age I ain't ever going to be rich. I can cope with that. |
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| Affa | Jan 27 2017, 02:46 PM Post #3 |
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So it is 'rich' in financial terms, only. I don't measure things in financial terms alone, never have, so any answer I give will be alien to how most people regard being rich. Let's start with 'lack of need'. |
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| Steve K | Jan 27 2017, 02:51 PM Post #4 |
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Once and future cynic
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Why not start with the dictionary? https://en.oxforddictionaries.com/definition/rich Having a great deal of money or assets; wealthy I was seeking to give objectivity to 'great deal' |
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| Affa | Jan 27 2017, 03:19 PM Post #5 |
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A 'great deal' is having more than anyone could possibly need under any predictable and conceivable circumstances. |
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| Rich | Jan 27 2017, 04:39 PM Post #6 |
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In reply to the thread title......because it says so on my passport, now, if you had asked me how do I know when I am wealthy....... |
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| Steve K | Jan 27 2017, 04:48 PM Post #7 |
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Once and future cynic
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| marybrown | Jan 27 2017, 05:37 PM Post #8 |
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You are RICH..when you have enough money to live on..love of your family...enough to eat..enough to pay the bills.. Outside my house there are people sleeping in sleeping bags..under the trees.. |
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| Ewill | Jan 27 2017, 06:30 PM Post #9 |
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I'm quite sure that the many buyers of multi million pound Central London houses and flats would be delighted to know that you don't consider them ''rich'' |
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| Ewill | Jan 27 2017, 06:31 PM Post #10 |
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You've omitted ''health'' |
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| Rich | Jan 27 2017, 07:02 PM Post #11 |
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Precisely Ewill, for you see, every morning that I wake up I consider myself to be a multimillionaire. The most expensive headstone in the cemetery is no good to me or mine.
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| Affa | Jan 27 2017, 07:39 PM Post #12 |
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Only if they construed 'need' with 'want' as you apparently do. |
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| Ewill | Jan 27 2017, 07:57 PM Post #13 |
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| Ewill | Jan 27 2017, 07:57 PM Post #14 |
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| disgruntled porker | Jan 28 2017, 09:00 AM Post #15 |
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Older than most people think I am.
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True. You are poor if you can't afford what you need. You are adequate if you can afford what you need. You are rich if you can afford all you need and also what you want. |
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| Opinionater | Jan 28 2017, 09:38 AM Post #16 |
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Interesting views. What about "if you have more money than you need and need nothing you can't afford" |
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| disgruntled porker | Jan 28 2017, 10:37 AM Post #17 |
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Older than most people think I am.
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Blessed? |
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| Steve K | Jan 28 2017, 02:15 PM Post #18 |
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Once and future cynic
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Define 'need' Who actually 'needs' more than a basic staple diet and a roof over their head. Most would say only having that equalled being very poor |
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| Affa | Jan 28 2017, 03:03 PM Post #19 |
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Basic need is more than the necessity for shelter and food! It's having a purpose, responsibilities, occupation, a reason to exist, and the satisfaction of fulfilling those requirements. It is taking an active and productive role in society - as opposed to becoming vegetative state. |
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| Ewill | Jan 28 2017, 03:07 PM Post #20 |
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Yes All anyone actually needs is food,water and somewhere to sleep safely With a roof Anything else is arguably wants |
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| Paul | Feb 13 2017, 06:47 PM Post #21 |
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One can only live in one house at a time, drive one car at a time, if you have the ones around you that you love and they love you, then for me that is happiness I have all that I need, wealth cannot buy you health or happiness there are no pockets in a shroud rich or poor none of us live forever |
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| Oddball | Feb 13 2017, 09:22 PM Post #22 |
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Yes, Paul reflects on richness/wealth, with wisdom - I also believe the Bible says one or three things about wealth. |
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| Curious Cdn | Feb 14 2017, 12:43 AM Post #23 |
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How Do You Know You're Rich; You know you're Rich if you are holding a micrometer in your hand. Edited by Curious Cdn, Feb 14 2017, 12:43 AM.
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| Rich | Feb 14 2017, 01:04 AM Post #24 |
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And I still prefer imperial measurements even though my lathe is set up for metric so I can, if need be use both, it is just a simple matter of conversion. Edited by Rich, Feb 14 2017, 01:05 AM.
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