How do you define rich? - page 13. | Bitcointalksearch.org

philipma1957

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Quote from: paxmao on February 28, 2021, 06:50:10 PM

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?

1) Rich in money ? 100,000,000 million works for me.
2) Rich in BTC ? 4000 BTC works for me.

3)Rich in health ? I am 64 I need to be 32 again with zero heath issues and a guarantee to live at least back to 64 > Not sure this is possible for me or anyone else. Grin

4)Rich in love life? My wife needs to be 30 again with zero health issues and a guarantee to live at least back to 62 > Not sure this is possible for me or my wife. Grin

5)Rich in friends? I am as I have my wife.

So I am 1 for 5.

1 and 2 are not likely

3 and 4 are not possible as far as I know.

But having number 5) One really good close friend is very nice.

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Quote from: wxxyrqa on March 07, 2021, 12:43:24 PM

Quote from: charlesmichel1 on March 07, 2021, 10:43:49 AM

Being rich isn't about owning $100k or $1million. Rich people earn more than they spend. This is the only feature matters.

Perhaps your assumption is really the most correct, since a rich person never counts a penny, and his annual income is such that an ordinary person cannot earn so much in his entire life. It may be necessary to distinguish between a wealthy person and a rich person.

The very basic difference I find between the rich and a common man is the investment strategy. Rich always prioritise investment, whereas the common man always prioritise savings. For a simple living savings is the only choice, because it is risk free. When it comes to investment it gives profit as well as loss. One needs the ability to withstand all sort of situation, common man fail in it.

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Quote from: Ifemini on March 07, 2021, 03:59:28 PM

Quote from: paxmao on February 28, 2021, 06:50:10 PM

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 does not have to be related to bitcoin hodling etc. An individual can be classified rich if they can afford the most expensive stuffs in the market (in multiple folds) without having to borrow or panic or feel it massively. A recent example is Mahrez who noticed after 5 weeks that someone had stolen £175,000 from his account.

Even with those amounts with rich people wouldnt much care but since all of the money we had earned did really come from hardwork then most likely we will really be that serious on tracing it out

on who are the hell those who had been stealing your money even with those billionaires unless if they would just let it happen but its impossible for them to tolerate or neglect it out.
Humans are born greedy and they wont like on experiencing on losing money or having some leaking out of their bank accounts or other things that do spits out their precious fiat.

Rich defines on having tons of money without minding on what you should buy on point or on tomorrow.

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Quote from: paxmao on February 28, 2021, 06:50:10 PM

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 does not have to be related to bitcoin hodling etc. An individual can be classified rich if they can afford the most expensive stuffs in the market (in multiple folds) without having to borrow or panic or feel it massively. A recent example is Mahrez who noticed after 5 weeks that someone had stolen £175,000 from his account.

wxxyrqa

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Quote from: charlesmichel1 on March 07, 2021, 10:43:49 AM

Being rich isn't about owning $100k or $1million. Rich people earn more than they spend. This is the only feature matters.

Perhaps your assumption is really the most correct, since a rich person never counts a penny, and his annual income is such that an ordinary person cannot earn so much in his entire life. It may be necessary to distinguish between a wealthy person and a rich person.

NeverSop

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Quote from: paxmao on February 28, 2021, 06:50:10 PM

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?

No!

For me, wealth is financial freedom, including property. A calm, carefree life, never thinking about any financial problems. Science has proven that the rich have a much higher life expectancy than the poor. That is just one of the simple differences that people expect to achieve riches. I expect that I will become "rich" or become rich at the age of 40. And I am still looking for doors to find any opportunity to become rich. Even buy lottery tickets. Lol

charlesmichel1

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Being rich isn't about owning $100k or $1million. Rich people earn more than they spend. This is the only feature matters.

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Quote from: ?? on ??

Being rich means being able to provide one’s basic needs and still have enough to keep as back up. It also means having more assets than liabilities.

Having more assets than liabilities just means you have a positive net worth, it doesn't mean you're rich. If you've got $1,000,000 in cash and $999,999,999 in liabilities, your net worth is the same as a guy who has $1 and no liabilities. Neither of these people is rich.

Granxis

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To be rich is not about making a lot of money, let me give there for example, many of us have had to stay in our homes because of the pandemic. How long can we survive without ever working? In my point of view it means: living for years without working. Making a lot of money is just making a lot of money.

Kong Hey Pakboy

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For me I call someone rich if they afford more than their daily needs. What I mean is that they have an extra money (either it is from saving, investing, etc.). Also, rich people for me are smart in managing their financial assets; they know how to handle when they experience something that is problematic in their money, and they are not deciding based on what they feel, but they decide what's the best thing to do in adversaries.

MCobian

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Actually, in general, being rich is that people have a lot of wealth. But interestingly everyone defines rich differently. For me, people can be called rich
if they don't have debt, all daily needs have been met and often provide financial assistance to other people. So I judge a rich person not based on
the amount of money he has. Because I think it's useless for someone to have a lot of money, but have a lot of debt to the bank or have not been able
to provide financial assistance to others.

virasisog

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Each people has their own definition of rich, one can be considered rich with just owning anhouse, car, business, or earning above their means. But with human's nature of greed this will not be enough we always seek for more and will never be contented. As long as you fit your own definition you can consider yourself rich, I guess contentment defines it, some will be contented with just having a consistent income, having their own house or business, etc. Even with a lot of money if you think that it is not sufficient you will never consider your self "rich". No money can define being rich.

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It depends on what you think about rich because we have different perspective someone says you are rich if you have a lot of money and assets some of them are rich in terms of friends and positive vibes but if we are talking about being rich in terms of numbers I think I will count this that a person is rich because they can afford anything they want but there is no limit I think if we say the word rich, all you want is, therefore, you can get in just a single drop of your money.

lalabotax

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Defining rich?
I will define I am rich when I always thank about what I am having right now. And about crypto, I think that when I have big profits, fulfilling my primer and seconder necessities, and of course, having savings for the future.
And actually defining the rich cannot be based on how much we own right now because we must feel less and less about it and going to reach higher again and again.

Ridwan Fauzi

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There is no one who will feel that he is rich already, he will always feel lacking in anything, especially for the wealth section.

He always want something that he hasn't reached and always try to reaching it. I guess become a rich person is depend someone else assumption, not by ourself.

Not necessarily we have got anything, money, cars, houses and everything but we are still lacking and want to get something else. Because the definition of rich in my opinion is when we don't want anything anymore and enjoy what we've got now.

qwertyup23

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Quote from: paxmao on February 28, 2021, 06:50:10 PM

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?

The term "rich" is a subjective word as it depends upon the individual's perception of being rich.

In a third-world country, "rich" may be perceived as someone who earns at least above the minimum wage, who has their own house and land, and has resources which enables them to live a comfortable life; while "rich" in a first-world country may mean to be owning luxury vehicles, mega mansions, yachts, etc.

Again, the question really depends upon the individual. Personally, I think being "rich" means having a roof behind your head where you do not have to worry about anything financially. You can visit a mall and not worry about buying anything as you have such means.

In the crypto-sphere, however, I see "rich" as to someone who at least owns more than 10 BTCs in their wallets given the value of them in the market.

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Quote from: paxmao on February 28, 2021, 06:50:10 PM

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?

In general, of course, "rich" tells about the money and assets we have...
however, each individual has his own view of being 'rich'. I personally think that being 'rich' means having no disease, having a good and healthy husband and children, and having a home and stable job. the point is you have to find the meaning of the word 'rich' itself.

Hamphser

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Quote from: ?? on ??

Being rich means being able to provide one’s basic needs and still have enough to keep as back up. It also means having more assets than liabilities.

Well said!

This do talk about capacity on buying up something without any have problems after such spending and thats i do consider to be rich.Financially capabled

and do able to have lots of options neither on going for more investment, buying up things, seeing opportunities to earn more, buy all wants and needs.

This is where i do consider or could i define on being rich.

skarais

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Basically the definition of being rich is being able to do everything from a financial point of view. But in essence, people are still not rich if they still want to accumulate money every day. In my opinion, when we have great gratitude for what we have today, we are also said to be rich.
Rich is not always about money and about the asset we have today. But rich is when we can make life more meaningful. In everyday life, maybe people who have a lot of wealth are called rich people, but we only interpret it in plain view. To be honest, without money we would still be rich if we could still live happily.

wack slacker

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The wealth lies in financial matters, health and has good relations with the whole society. A real-life example is people like Bill Gates, Warren Buffet. They have a lot of money, leisure in life and a lot of good deeds with many respectful people.

We often work hard to find money and then lose our family happiness and forget many of the values in life.

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