4 ms·
It's "rich" in the sense that if you're smart and a bit frugal about it you'll never have to work again. It's not "rich" in the sense of never having to worry
by dagw 8y ago
It's "rich" in the sense that if you're smart and a bit frugal about it you'll never have to work again. It's not "rich" in the sense of never having to worry about money again. Really rich people will spend $8M adding a new garage to their summer house.
- hnaccy 8y ago>It's "rich" in the sense that if you're smart and a bit frugal about it you'll never have to work again If does nothing but spend money he can spend $150k every year until he dies. Not exactly frugal.
- Majestic121 8y ago150k$ a year is rich in Vietnam maybe, but if you plan to stay in the west, you'd be upper middle class at most
- hnaccy 8y ago$150k net for 50+ years is upper middle class at most in America? Jeez some people are in a bubble. Reminder this is assuming he completely stops working and does basically nothing with the money except match inflation.
- Majestic121 8y agoAccording to this : https://www.thebalance.com/definition-of-middle-class-income-4126870 https://www.thebalance.com/definition-of-middle-class-income... 150k is just the limit between upper middle class and high income, and most politicians use 200ke as the definition of high income. You might have a different definition of upper middle class, but mine has following
- hnaccy 8y agoThat's pre-tax.