I would define rich as "being able to afford anything and not worrying about money".
Yeah, i think you're certainly rich if you can buy everything you want, or if you shop without looking at the price tag anymore. Although sure, many people might have different opinion about it, and have their own expectations. Some people might be satisfied with one bitcoin and thought that they're rich already, but some might still not be satisfied even with 1000 bitcoin because they want more and more.
There's no exact standard for what should be called rich and what not.
Topic: How do you define rich? - page 12. (Read 3899 times)
How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Wealth is somewhat more than the amount of money. It is a complex indicator with many fuzzy boundaries. Even if we take one of the indicators of wealth, money, their amount will be very different. For someone, $ 10,000 is a fabulous wealth, and for someone 1,000,000,000 is this amount that he will give without hesitation and without regret to some fund to save guinea pigs from reptilians. Someone values health and freedom the most, someone has their own lock and a safe in the basement full of banknotes.
Therefore, wealth is health, freedom or independence, connections with people who have influence, living in a country with working legal legislation, a sufficient amount of money to satisfy your needs and be able to do charity work. And the Glock pistol
Nope what i've been thinking about being rich is I don't need to worry about my payment bills anymore.
And have a lot of assets in real estate which is for investment.
One more thing is i can travel around the world with my beloved one and don't care about the bills.
And have a lot of assets in real estate which is for investment.
One more thing is i can travel around the world with my beloved one and don't care about the bills.
I wish to have that too. Having everything with full of reserves.
You already classified yourself as rich once you achieved this stage, not worrying with money and you'll able to get anything whatever you like and not just whatever you need. There are many people who's greed and even they'll already have the same privilege they are not considering their wealth enough as they keep aiming for more.
How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
I define being rich as a person who have a lot of assets/money in his crypto and bank account, an individual who has his own house, cars and resorts. Let's be realistic, having enough for a living won't paid your Hospital bills if your parents got real sick. You'll just end up borrowing money every time and then you'll get drown to debt. Where is rich in that?
We need to have a continuous upper class flow of income in order for us to categorized ourselves as rich individual. That's how I define rich!
How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
For me , I will define rich is an individual who can buy anything they want, having stable business of their own, does not have debts anywhere can share blessings to the less fortunate people and most of all has good health because for me health is wealth. Money or wealth is not worth if the one who own it has a sever pain and dying. Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Everyone can define or give explanation of richness from he or her perspective, because what another person think is richness might not be the same his opponent or another person might see it as concept of richness, so therefore the definition is based on what you see or saw can make you draft your personal definition of rich.
Now am average person who have these below can be included as a rich person
* feeding three square meal a day....it's obvious the individual is personal rich,
* having a personal shelter.... These are one of the criteria of been rich,
* clothing yourself without asking to another or begging... Are another evidence of richness,
* having a source that generate daily, weekly, monthly, annually revenue is signs of richness
So see what people taught is richness
* having private cars......really its richness but all hands can't affordable car,
* giving out money everytiime to less privileges,
* dressing nice everyday and always.
So rich is the ability to make a personal provision of your needs or wants at appropriate time without demanding or requesting from another person.
Now am average person who have these below can be included as a rich person
* feeding three square meal a day....it's obvious the individual is personal rich,
* having a personal shelter.... These are one of the criteria of been rich,
* clothing yourself without asking to another or begging... Are another evidence of richness,
* having a source that generate daily, weekly, monthly, annually revenue is signs of richness
So see what people taught is richness
* having private cars......really its richness but all hands can't affordable car,
* giving out money everytiime to less privileges,
* dressing nice everyday and always.
So rich is the ability to make a personal provision of your needs or wants at appropriate time without demanding or requesting from another person.
Clearly the definition of rich being a lot of wealth has everything, a lot of luxury, a lot of land, and a lot more, and I think that rich is not just a treasure that is worth a lot of health. I think it's a lot of understanding But wealth can be associated with greed or whatever it is that makes us forget everything and goes to any way to make ourselves rich and maybe rich makes one proud and much more accomplished than rich
It's depend on where we live. Some countries has high cost of living and some other has low cost of living. Maybe the closest way to define rich is by comparing the income and living cost, I think if we still can save 90% and above of our income then we are already rich people. But usually people pretend that rich people are those who can buy more luxury stuffs rather than other. Also for me being rich means that we can help poor people.
It doesn't depend on that in my opinion, if you are rich then you won't really have a problem where you are living because you are living in excess. For me, the definition of a rich person is someone that has enough money to raise a family of more than 3 and have them live in comfort even if they have their own family. Well, people are right that rich people can buy luxury stuff because they have an excess of money and the point will come where they have to use those money for something and I think that splurging on luxury as a rich person is acceptable. I like your idea that being rich means that someone is altruistic. We all used to think that having so much money is what makes us rich. But I guess as time goes by, as we grow old, we see the true meaning of richness where having true friends, good health and happy family is what truly matters.
Actually, you have touched a good point, the meaning of rich changes with age and priorities.When we are kids/teenagers, being rich means having more money and health is not a concern while fame is not in question. When we are adults let's say 25-40 yrs of age, the highest priority is fame, and money is the next thing while health is not a concern. When we reach our old age, we are most concerned about health while fame and money don't matter as much.
So, the meaning and definition of rich change with time and according to our needs. One who has a lot of money would wish he had better health while someone with good health but starving would rather want more money.
The true meaning of rich is: Having all the 3, health, wealth, and good recognition in society which is fame.
It's depend on where we live. Some countries has high cost of living and some other has low cost of living. Maybe the closest way to define rich is by comparing the income and living cost, I think if we still can save 90% and above of our income then we are already rich people. But usually people pretend that rich people are those who can buy more luxury stuffs rather than other. Also for me being rich means that we can help poor people.
For me, being a rich person can buy whatever we want regardless of the price. Because most of us when going to buy goods always consider
the price of the item. If someone claims to be rich but still has questions about price, that means that person is not really rich. Maybe my thinking is
not in line with other people's, because everyone does have different views regarding wealth.
the price of the item. If someone claims to be rich but still has questions about price, that means that person is not really rich. Maybe my thinking is
not in line with other people's, because everyone does have different views regarding wealth.
Nope what i've been thinking about being rich is I don't need to worry about my payment bills anymore.
And have a lot of assets in real estate which is for investment.
One more thing is i can travel around the world with my beloved one and don't care about the bills.
And have a lot of assets in real estate which is for investment.
One more thing is i can travel around the world with my beloved one and don't care about the bills.
Well, I consider it in different tiers.
If I were to describe someone's wealth using the word rich, then rich would probably be $1m+, very rich would bet $25m+ and ultra-rich would be $250m+ - The numbers are mainly based on me being Danish though(when converted to DKK the last one would be a billionaire).
But I would never really say something like that in general. When friends and family ask, I usually just describe people as "living well" if they are worth $1m+. When we're talking big figures the privacy and all of that suddenly starts to matter a lot more, for a lot of people. - Sure there are people with a $1m who doesn't wanna tell anyone because they're scared, but when you're worth $100m the actual rich is suddenly way different.
If I were to describe someone's wealth using the word rich, then rich would probably be $1m+, very rich would bet $25m+ and ultra-rich would be $250m+ - The numbers are mainly based on me being Danish though(when converted to DKK the last one would be a billionaire).
But I would never really say something like that in general. When friends and family ask, I usually just describe people as "living well" if they are worth $1m+. When we're talking big figures the privacy and all of that suddenly starts to matter a lot more, for a lot of people. - Sure there are people with a $1m who doesn't wanna tell anyone because they're scared, but when you're worth $100m the actual rich is suddenly way different.
Financial freedom and no longer being tied down to work is the definition of wealth for the rich.
I also define it that way. You're not needed to go to your job from time to time because you're the one who owns the business and it's operating continuous and at the same time you are financially free.I have a desire to be able to retire early with savings and investments that can meet my needs.
You can do it, if you grind as much as you can when you're still young to work or have business you can make it. I would love also to retire early. How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
To me rich is achieved once ypu lose any and all stress related to financial requirements for living. If you generally never have to worry about more money coming in than you are well off enough to be considered rich I would think, financially speaking. I dont think there is a defined number because being rich in one area of the world would not be rich in another so its all dependent on personal situation
When it comes to definition that do came from person to person depending on where he do lives then it would really vary since not all countries does sit on the same situation
which means they will really be in different in terms of value but still it wont really be an issue because we do have our own preference when it comes to things.
You might be rich in your country but not in the other countries that you havent known and thats a fact.
How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
To me rich is achieved once ypu lose any and all stress related to financial requirements for living. If you generally never have to worry about more money coming in than you are well off enough to be considered rich I would think, financially speaking. I dont think there is a defined number because being rich in one area of the world would not be rich in another so its all dependent on personal situation
rich in money?
for me, it's a condition when you are in a financial freedom phase.
where you don't have to think about the money that has been spent on something.
IMO, the "money can't buy happiness" narrative is so wrong.
rich in general?
It's happiness. happiness is a complex thing, all parameters for life balance should be filled properly. I also want a condition where I have nothing to be over thought. seriously, my overthinking level is above 9000
for me, it's a condition when you are in a financial freedom phase.
where you don't have to think about the money that has been spent on something.
IMO, the "money can't buy happiness" narrative is so wrong.
rich in general?
It's happiness. happiness is a complex thing, all parameters for life balance should be filled properly. I also want a condition where I have nothing to be over thought. seriously, my overthinking level is above 9000
How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Rich to me is someone who has:Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
1- Completely control over their mind
2- Living a mentally and physically healthy life
3- Isn't afraid to take risks while doesn't take unwanted risks
4- Has a good status in the society
A lot of people consider rich who has a lot of money but for me, I never believed rich is defined by having more money. I had a relative who had an enormous amount of money and land but when they were suffering from a deadly disease, they had no one with them, neither their children nor their family with them. I cannot define such people as rich.
We all used to think that having so much money is what makes us rich. But I guess as time goes by, as we grow old, we see the true meaning of richness where having true friends, good health and happy family is what truly matters.
How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
I used to think that it takes a lot of money to become rich, and that is the goal that I always strive to always try to make a lot of money but then when I feel satisfied with what I have. Then I realized the wealth. It's not all about money, you need things of value, it's simply that the things you have at least physical as well as spiritual value, that's my opinion about rich. Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
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