As it relates to financial wealth...

[The_Iron_Disciple]

Being able to work when you want, and not work when you want.

Being able to undertake projects, have fun, and own the things you want, with zero worry.

Agreed !

[candidizzle]

"rich" is a state of mind!

[Emmortal]

"rich" is a state of mind!

Only poor people living with their parents say that.

[slayer]

depends on where you live , here in lancaster pa you can have a brand new 6000 sqft home on a few acres for about 600,000 with about 6 to 10,000 a yr in taxes , so it does not take very much in some places.
the same home 2 hrs away in new jersey costs about 2 million with about 30,000 in taxes...

so house paid for a about 1 million in the bank here in lancaster and your rich without working!

you can easilly retire on 500,000   in the bank/stocks  living off the interest and a 300,000 house paid for...

[candidizzle]

hey fuck you!
hahaha.
yeah well when i am older and rich in the wallet as well as the mind i will say the same thing.
money is easy to come by, really. what isnt easy to come by is peace of mind.

[SteelePegasus]

Having enough money to snort coke off of the ass of a different 18y/o girl every night

[Emmortal]

I agree, I was just giving you shit.

Having enough money to snort coke off of the ass of a different 18y/o girl every night

Ehhh, this really doesn't cost that much, especially if you live in LA.

[joelocal]

 The question is what do you consider financially rich?  For me, I agree with a $10 million net worth...

Ok, how about what ever I can live off of comfortably? I have a house payment of $6500 per mo. but little else in the way of debt. I have always said that no matter how much I make, how much I stand to inheret or wether I hit the big powerball jackpot, I would never retire, no need too. But as long as I have the freedom to do what I want, spend time with my family and kids, without worry, that would be financial wealth IMO!

[GoneAway]

Being able to work when you want, and not work when you want.

Being able to undertake projects, have fun, and own the things you want, with zero worry.

agreed.

[D-bol]

I hear this all the time.  
This is the most asinine statement imaginable when it comes to finances.  
If people would be smart with their money for a short time frame early in their career, they could enjoy an almost exponential increase in money the rest of their life.  

If people would put a few grand a month into investments in their 20's, they could then live like they wanted to live now in a year or two.  
At that point, they could still put money away, and in another year or two could live much better than they would if they had never put money away.  
By the time they reached their 40's, they could be living much better than they would had they not taken that initial year to be smart.  And, despite spending much more money they could still invest and allow all their previous investments to grow.  

it is absurd to think one can get wealthy by "putting away" few grand each year into investment....

[joelocal]

it is absurd to think one can get wealthy by "putting away" few grand each year into investment....

Why? it's an absolut fact if you start early enough. I think when YOU think of wealth, you think of some young millionair. What he is saying, if you put a few thousand away each year into the right investments, you WILL be wealthy bu the time you're in your late 40's or 50's. Stop thinking of wealth as being instant, it most cases it's not!

[Monster_Everything]

For a NYer id say making 200K a year (by yourself) is 'rich' enuf......but by NO means is that near what the real rich make....

[D-bol]

if its not "instant" wealth then it's not worth persuing....just get good salary and enjoy life while you can....
talking of which, some executive salaries in your country are in 10's of millions per annum...and thats not even CEO's

[Monster_Everything]

if its not "instant" wealth then it's not worth persuing....just get good salary and enjoy life while you can....
talking of which, some executive salaries in your country are in 10's of millions per annum...and thats not even CEO's

There is a diffrence to being rich and being wealthy....rich people have nice cars, multiple homes, alot of money in the bank....wealthy people are those people bosses...

[joelocal]

if its not "instant" wealth then it's not worth persuing....just get good salary and enjoy life while you can....
talking of which, some executive salaries in your country are in 10's of millions per annum...and thats not even CEO's

"if it's not "instant" it's not worth persuing?? Are you serious? Unless you win the lotto or inherit from some rich family member, there is no such thing as "instant" wealth. Every wealthy person didn't start out rich, even the CEO's who make 10mil a year didn't start out making that much, they had to work their way up the ladder as well, and trust me, it wasn't overnight, it took years upon years.

[muscularny]

being able to buy whatever you want (obviously normal things not your own island in dubai) and do whatever you want is rich

[Pete Dimano]

being alive, being healthy, not being in jail anymore 

[XFACTOR]

$10M+ net worth

spot on.

 I notice people stating yearly incomes.  I don't agree with that as anything can happen.  It's how you manage those net earnings and what you turn it into at the end of the day/year.

[Butterbean]

As it relates to financial wealth...

when someone no longer experiences envy and/or longing in regard to any material thing since they could purchase anything they wanted.

[MindSpin]

As it relates to financial wealth...

when someone no longer experiences envy and/or longing in regard to any material thing since they could purchase anything they wanted.

You could say that about Mother Teresa, Jebus or Ghandi, yet they didn't have a dime...

[mass243]

it is absurd to think one can get wealthy by "putting away" few grand each year into investment....

Warren Buffet not wealthy   He started it that way... Of course it's not going to happen in those measurements to everyone but I could still feel wealthy with even half of that he got - or even less...

[joelocal]

You could say that about Mother Teresa, Jebus or Ghandi, yet they didn't have a dime...

.....yet they were rich.

[Tre]

I've got a great family, a nice home, a car that's completely paid for, ready cash reserves in the bank, and a beautiful girlfriend.

I'm not wealthy, but consider my life to be very rich. 

---

Rich = having a lot of money, but you've still got to work for your money

Wealthy = having a lot of money working for you, so that you don't have to

[Deadpool]

I like that rich vs wealthy distinction, Tre, well said

[wisconsinBB]

I've got a great family, a nice home, a car that's completely paid for, ready cash reserves in the bank, and a beautiful girlfriend.

I'm not wealthy, but consider my life to be very rich. 

---

Rich = having a lot of money, but you've still got to work for your money

Wealthy = having a lot of money working for you, so that you don't have to

Very well said.  Don't get me wrong, money and finacial success is very important to me, but money isnt really everything.  I know some seriously fucked up, miserable rich people.