Re: Who are the Rich?
You're way off. You "start" making money at about 120k, there you can live in just about any city you want. Above that, up to about 150k you can have a choice of quality. Above that, at about 200k, you can live, eat, travel, and generally be considered well off. If you have any hobbies or do other things that cost money, you get to keep and spend 1 out every 2 dollars you earn above 200k (depending on where you live) -- so if you want 50k "spending" money a year, earn 300k. For every kid you have in college, add another 40-50k pre-tax. And this assumes that you've leveraged your income with mortgages and car payments -- in which case it's all at risk if you ever earn less. To be comfortably rich, you'd have to start with 500-750k tax free and then have a 200-300k income.
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