Topic: How do you define rich? - page 15. (Read 3899 times)
Riches may/can be in aspect of finance, health, family and more, but for this I think it's finance OP referencing. I think rich is taste, what I can have and go buy as rich may/will not go by with another person, high taste people will not be rich until they have the money to meet there high taste and even if they are in an admirable position of wealth it matters not, so I consider riches as different in individual taste.
I characterize somebody as wealthy when they have sufficient assets to not work so they can survive for another day. The address may be a lovely unclear one since one can reply based on otherworldly, money related, social and physical angle. But accepting that it'll be an in general, I would say that a person is wealthy when they don't discover the have to be get trivial sums since they know that can earn alot not for a limited time but forever.
Well, I define someone as rich when they enter into a mall and buy whatever things they like to buy without seeing the price tag of them are rich. 
In 2021, 1 Million cannot be considered as huge money!
In 2021, 1 Million cannot be considered as huge money!
defenition of rich for me if i have more than 1000x monthly living expenses , and that must be cold money which mean i still have more than it to spended for emergency or for hobby. i just spend about 700 usd/month for dialy life , so i must have 700k cold money and have at least 10% from cold money in my bank account right now, and i rich already.
In my social terms, rich can be defined as having a good car and a huge house.
I dont know that terms applied on another part of society or not. But thats how rich defined in my society at this time.
Theres another term called conglomerate, its another level of rich when have many bussinesses and you can buy mostly anything.
I dont know that terms applied on another part of society or not. But thats how rich defined in my society at this time.
Theres another term called conglomerate, its another level of rich when have many bussinesses and you can buy mostly anything.
When you have a sustainable and comfortable life where you don't have to work for more than 8 hours a day just to sustain your necessities and when you reach all the goals that you have in life, for me, that's my description of being rich. When you don't have to worry about how you will survive life the next day and having good health is also a sign of being wealthy. There are also rich people who aren't happy with their status, I think contentment is still the key.
The most common definition of wealth which is known to many people is that amount of money we have on our name which can be in form of liquid cash,fancy houses,cars collections or many other lavish items.But wealth has different relative meanings :
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Definition of wealth according to Robert Kiyosaki, author of the book Rich Dad, Poor Dad.
The definition of wealth is the number of days you can survive without physically working (or anyone in your household physically working) and still maintain your standard of living.
The definition of wealth is the number of days you can survive without physically working (or anyone in your household physically working) and still maintain your standard of living.
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The Government’s Definition of Wealth
Wealth means the sum of net taxable income and the adjusted assessed valuation of real property. (Code of Maryland 2014)” As you can tell this definition is more in line with the traditional interpretation of wealth. It does differ slightly as a lot of people assume that a good salary automatically means great wealth.
Wealth means the sum of net taxable income and the adjusted assessed valuation of real property. (Code of Maryland 2014)” As you can tell this definition is more in line with the traditional interpretation of wealth. It does differ slightly as a lot of people assume that a good salary automatically means great wealth.
So different people have different perspective related to wealth in their own terms so it's upon you how a person calculate that he is wealthy or not as it has different meanings.
-Rich in resources
-Rich in knowledge
-Rich in wealth
-Rich in kindness and other qualitative factors
So what line are you really looking for?
Rich people should have a successful business, and those who don't need to work anymore, are the things that a lot of people considered first before calling you a rich person but for me, I considered a person rich in simple ways if you are already contented of what you have and what you are now then you may now call you a rich person, as of now I cannot still consider myself as a rich person because I still don't have a stable income and house and lot. I just want to claim that I could have those things in the future and will call myself a rich person, only need to hard work and always find ways to have another income.
I define rich as a person who doesn't need to work for money anymore, doesn't mean that they do not make money, even the richest person in the world still keeps making money, hell that is one of the main problems in the world people who have enough to live forever still greedy for more, but that is not the point, in order to be rich you need to have enough money that if you do not make one more dollar ever.
The money you have will be enough for you, and would help you raise your kids, hopefully until they are capable of making their own money, you do not even have to guarantee their whole life to be considered rich by my standards, if you can raise them well without debt, and pay their college tuition and help them on their early career struggles, after they have a decent life you are done, no more extra money needed to spend on them, if you can that is great if not that is alright. That changes from nation to nation, in some nations 100k is enough for this, in some nations you need millions of dollars but it is always the same, the lack of need to work.
The money you have will be enough for you, and would help you raise your kids, hopefully until they are capable of making their own money, you do not even have to guarantee their whole life to be considered rich by my standards, if you can raise them well without debt, and pay their college tuition and help them on their early career struggles, after they have a decent life you are done, no more extra money needed to spend on them, if you can that is great if not that is alright. That changes from nation to nation, in some nations 100k is enough for this, in some nations you need millions of dollars but it is always the same, the lack of need to work.
It is a subjective topic and question. Well, if I own $1M then I'm rich and if I own 1000 bitcoin, I'm also rich in my own definition. Just as the others, they'll also consider themselves for having both to be rich or with any of those.
The basic definition of being rich is that you've got a lot of money to spend, house to sleep and wants that you already have while having financial freedom. But if you ask Bob Marley, he have a different answer about richness.
People do have different mindsets this is why definition of being rich would really vary but one thing in common is about on that financial freedom on where humans do really aim for.The basic definition of being rich is that you've got a lot of money to spend, house to sleep and wants that you already have while having financial freedom. But if you ask Bob Marley, he have a different answer about richness.
This is the reason on why we do work hard, why we do make out investment and other ways for us to earn money because we do really aim on having that status in life where we dont need
to work hard for us to buy our needs and wants.
Defining rich does really talks about on having lots of money..In difference with countries currencies then numbers will really be different on each places.
You can do whatever you want and you're free, that's also part of the meaning of it. You're free.
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?
Everyone has their own opinion. In general who has enough money to overcome their difficulties is rich. But what I think is who is satisfied with their life is rich. This is very subjective for every people so many may not agree with me. But trust me you will find the answer if you look at what do you need? what do you want? and what do you have?
Wealth is an abstract definition, can possess many material, property, sovereignty, financial freedom. Being rich is also emotionally significant, a lot of love, and a warmth being loved. Many people call it "rich for love". In my opinion, wealth is a combination of material and emotional wealth. It is the essence between personality, emotions, and possession.
Many people own very large assets but do not have care, love, warmth or vice versa. Nor is it necessarily eternal wealth.
Many people own very large assets but do not have care, love, warmth or vice versa. Nor is it necessarily eternal wealth.
In my own definition of it. I could say that being rich is someone that doesn't have to worry where you can get some money to eat for tommorrow. Defining rich is not only by the amount of what we have in our savings account, it also be seen in our behaviour on how we socialized with other people and have a peace of mind.
The definition of being 'rich' is subjective. The definition of riches is relative as it depends on individual.
Personally, I believe that having enough to cater for one's expenses and bills is being rich.
Many people believe that having a specific amount of money is what tags them as being rich or wealthy but trust me, even if when they attain such figure, they become not contented and want even more
Believe me, in a matter such as this, contentment is the key
Personally, I believe that having enough to cater for one's expenses and bills is being rich.
Many people believe that having a specific amount of money is what tags them as being rich or wealthy but trust me, even if when they attain such figure, they become not contented and want even more
Believe me, in a matter such as this, contentment is the key
It is a subjective topic and question. Well, if I own $1M then I'm rich and if I own 1000 bitcoin, I'm also rich in my own definition. Just as the others, they'll also consider themselves for having both to be rich or with any of those.
The basic definition of being rich is that you've got a lot of money to spend, house to sleep and wants that you already have while having financial freedom. But if you ask Bob Marley, he have a different answer about richness.
People do have different mindsets this is why definition of being rich would really vary but one thing in common is about on that financial freedom on where humans do really aim for.The basic definition of being rich is that you've got a lot of money to spend, house to sleep and wants that you already have while having financial freedom. But if you ask Bob Marley, he have a different answer about richness.
This is the reason on why we do work hard, why we do make out investment and other ways for us to earn money because we do really aim on having that status in life where we dont need
to work hard for us to buy our needs and wants.
Defining rich does really talks about on having lots of money..In difference with countries currencies then numbers will really be different on each places.
Most of the time, people relate the term rich with financial capability. However, there are some people who feel that they are already rich, if they are contented with their life even if they don't have so much money. Sometimes for those people who don't have debts and they can eat what they want, they already consider them as rich. So yes, it is a very subjective matter and it depends on every individual. Some people feel that they are not rich even if they have multi-million dollar home and cars, and still they feel empty.
It is a subjective topic and question. Well, if I own $1M then I'm rich and if I own 1000 bitcoin, I'm also rich in my own definition. Just as the others, they'll also consider themselves for having both to be rich or with any of those.
The basic definition of being rich is that you've got a lot of money to spend, house to sleep and wants that you already have while having financial freedom. But if you ask Bob Marley, he have a different answer about richness.
People do have different mindsets this is why definition of being rich would really vary but one thing in common is about on that financial freedom on where humans do really aim for.The basic definition of being rich is that you've got a lot of money to spend, house to sleep and wants that you already have while having financial freedom. But if you ask Bob Marley, he have a different answer about richness.
This is the reason on why we do work hard, why we do make out investment and other ways for us to earn money because we do really aim on having that status in life where we dont need
to work hard for us to buy our needs and wants.
Defining rich does really talks about on having lots of money..In difference with countries currencies then numbers will really be different on each places.
It is a subjective topic and question. Well, if I own $1M then I'm rich and if I own 1000 bitcoin, I'm also rich in my own definition. Just as the others, they'll also consider themselves for having both to be rich or with any of those.
The basic definition of being rich is that you've got a lot of money to spend, house to sleep and wants that you already have while having financial freedom. But if you ask Bob Marley, he have a different answer about richness.
The basic definition of being rich is that you've got a lot of money to spend, house to sleep and wants that you already have while having financial freedom. But if you ask Bob Marley, he have a different answer about richness.
For me, the definition of being rich is that if I can get out from debt and have a business that can continue to be developed with a stable income, it is not impossible the income continue to increase every year.
If you have enough to make life comfortable for you, this is being rich. An income that can sustain you and you have income for savings. I mean if you don't lack money, you are rich.The word rich is defined with money and when you have money in abundant, that means you are rich in it, rich in money.
Actually we have different standards situating on how we define what it takes to be stated other people or ourselves to be rich. Some people tell that being rich is all just about money, having lots of businesses, properties and etc. In my case, I define someone to be rich by having an intellectual capacity to make his money move into a good circulation making it a good point to maintain his position and put it into greater heights that is improving his capacity as an individual not just on money but at the same time giving opportunity to other individuals have an opportunity to sustain their daily life needs because he intended to make himself rich while making other people work for him like a win win situation.
I define someone as rich in terms of wealth, if they can sustain the next generation of their family all on their money, and 1000 bitcoins is more than enough to sustain your grandkids here in my country. Now rich could also mean abundant, and stuff like that, but personally, when someone says rich I automatically think of it as wealth-type.
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