Put a Dollar Figure On It
There’ve been all kinds of articles lately about how $250,000 isn’t rich, and lots of arguments about what is and isn’t middle class. In fact, I’m not sure people even agree on what’s considered poor.
None of that is really surprising, since in many cases it’s a matter of perspective and who you’re comparing yourself to.
But I wanted to have a little fun today, if you’ll play along with me.
Let’s put a dollar amount on these terms in our own lives. Feel free to add why you put what you did too, if you want.
So in the comments, answer these questions:
- Ignoring salary for a minute, how much in cash equivalents (cash, stocks, bonds, and precious metals) would you have to have stashed away to consider yourself rich?
- How much of a household income would you have to make annually before you’d consider yourself rich? And poor?
I’m curious how all over the place we might be. My answers will be in the comments in a bit.