Announcement

Collapse
No announcement yet.

What net worth do you consider financially wealthy?

Collapse
X
Collapse
First Prev Next Last
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • What net worth do you consider financially wealthy?

    What net worth do you consider financially wealthy?

  • #2
    A large multiple of spending.

    Comment


    • #3
      For a typical physician, I'd consider a physician wealthy if they had $5MM. For an average household making around $100k, probably $1.5-2MM, depending on age.

      Comment


      • #4
        Depends on the liquidity of the net worth ($5M in securities > $5M in a home).  Depends on pensions ($1M in securities + pension may be > than $1.6M in securities).  Depends on location ($1M in CA < $1M in TX).  Depends on age.  Depends on marital status ($5M married never divorced < $5M single never married).  Etc.

        Does this affect your plans?

        Comment


        • #5
          My net worth + $1.

          Comment


          • #6
            How old is middle aged?  At what wavelength does red become orange, and orange become yellow?  At what height should we label someone as tall, average, and short?  All such fascinating questions!

            Comment


            • #7
              1 million+ in liquid assets and 2 million+ in net worth is minimum I'd consider to be wealthy.

              Comment


              • #8
                45-65 years
                635nm
                590nm
                Above 59 inches


                The OP's question is much more subjective. Lots of variables. The best single answer would probably be some kind of formula like the PAW/UAW from millionaire next door.

                Comment


                • #9
                  $10M

                  Comment


                  • #10




                    How old is middle aged?  At what wavelength does red become orange, and orange become yellow?  At what height should we label someone as tall, average, and short?  All such fascinating questions!
                    Click to expand...


                    35 yo (I no longer felt youthful at this age, ergo it's middle age)

                    625 and 590 nm

                    USA (averages): 5'9.1" men, 5'4" women. Average weights are eye-opening.

                    Comment


                    • #11




                      What net worth do you consider financially wealthy?
                      Click to expand...


                      My nurse would consider me wealthy.

                      I think $10M qualifies (don't have that much).

                      Mark Zuckerberg might tip $10M per year.

                       

                      Comment


                      • #12
                        .01% I'd consider anything else mass affluent.

                        https://review.chicagobooth.edu/economics/2017/article/never-mind-1-percent-lets-talk-about-001-percent

                        Comment


                        • #13
                          NW >$5M  gets pretty much anyone to do whatever they want within reason.

                          >$10M luxury wealthy - buy/do almost anything without needing to even consider the impact on NW.

                          Comment


                          • #14
                            15M in liquid assets would provide 600k/year at 4%. Excludes illiquid assets like homes or businesses.  That sounds like real wealth to me.

                            5M would provide a very comfortable 200k/year, which I would consider entry level wealthy.

                            Comment


                            • #15




                              My net worth + $1.
                              Click to expand...


                              Lol. Good one, Arsene. You must be a Gooner.

                              Comment

                              Working...
                              X