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Would you consider yourself 'rich'? Here's how much more you need to earn to be considered wealthy in every state compared to 5 years ago
Daily Mail ^ | 4/27/24 | Tilly Armstrong

Posted on 04/27/2024 2:27:20 PM PDT by Libloather

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Never had big money. C'mon Powerball!
1 posted on 04/27/2024 2:27:20 PM PDT by Libloather
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To: Libloather

...compared to the rest of the world, definitely!


2 posted on 04/27/2024 2:32:06 PM PDT by JJBookman (Democrats = Party of the end)
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To: Libloather

Income statement vs. Balance Sheet. Earnings do not equate to wealth.


3 posted on 04/27/2024 2:32:52 PM PDT by Cobra64 (Common sense isnโ€™t common anymore)
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To: Libloather

“Never had big money”

Neither have I’m thankful to have always had just enough.


4 posted on 04/27/2024 2:33:16 PM PDT by Huaynero
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To: Libloather

The Brits obsession with us is bizarre.


5 posted on 04/27/2024 2:35:44 PM PDT by Vision (Woke is communism and it has no place in America. Election Reform Now! Obama is an evildoer.)
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To: Libloather

It is HOW you spend your “riches” that matters.


6 posted on 04/27/2024 2:36:42 PM PDT by goodnesswins (The Tree of Liberty is getting thirsty...)
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To: Cobra64

Was thinking the same. Income is a very poor metric of “wealth.” There’s a huge difference between someone making a $300,000/year who spends it all and has no savings/investments and someone making a $300,000/year who has $10 million in assets.


7 posted on 04/27/2024 2:37:22 PM PDT by irishjuggler
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To: Libloather
You can't get rich by "earning a salary".

Congress has figured that out. :)

8 posted on 04/27/2024 2:37:35 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Libloather
I thought I was rich because I own 23 Bitcoins. And the price of one Bitcoin is over $60,000! Imagine my disappointment when I discovered that I own the wrong kind of Bitcoin.


9 posted on 04/27/2024 2:40:36 PM PDT by Leaning Right (The steal is real)
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To: Libloather

I am Elmer J. Fudd, millionaire. I own a mansion and a yacht.

-PJ

10 posted on 04/27/2024 2:45:50 PM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: irishjuggler

Bingo! Paycheck vs Savings.


11 posted on 04/27/2024 2:48:24 PM PDT by Cobra64 (Common sense isnโ€™t common anymore)
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To: Libloather

There is a difference between being “rich” and being “wealthy”. Being rich is having a lot of money (usually from one source, think lottery winners, actors and athletics). Being wealthy is having a lot of money from a lot of different sources, usually investments, owning a business, savings).

Many people can become “rich” but few have the knowledge and skill to become “wealthy”

A lot of rich people do not remain rich once that flow of money stops.

Anyone even if they are not talented or a lottery winner can become “rich” and it is not the amount of money you make either. The secret is don’t spend more then you make, and put away a little for the future and be wise in your investments.

Credit cards are the one way to guarantee you will never be rich (unless you pay them off each month). The interest paid on the monthly balance is the money you could be saving and eventually investing.

- things I have learned over the 70 years on this earth.


12 posted on 04/27/2024 2:50:16 PM PDT by CIB-173RDABN (I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
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To: Political Junkie Too

๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ‘


13 posted on 04/27/2024 2:53:52 PM PDT by MotorCityBuck (Keep the change, you are filthy animal! )
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To: Libloather

Being wealthy has little or nothing to do with income.

Most wealthy people’s net worth is related to assets and capital gains, many of them file 1040s with little or no income.


14 posted on 04/27/2024 2:55:26 PM PDT by Jim Noble (Assez de mensonges et de phrases)
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To: CIB-173RDABN
- things I have learned over the 70 years on this earth.

All sound advice. I view dollars as honey bees. If you take good care for them they can go out and work for you and bring back more honey every day or you can spend them and they never bring back anything.

Wealthy people don't need jobs, they have passive incomes that produce honey every month.

15 posted on 04/27/2024 3:21:58 PM PDT by usurper (AI was born with a birth defect.)
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To: Jim Noble

I agree. Wealthy people often work because they enjoy it but the wealthy don’t work to “pay the bills” and can just live off the income stream produced by their wealth. I always equated being wealthy with the ability to increase one’s net worth over time while also living well on passive income.


16 posted on 04/27/2024 3:22:29 PM PDT by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: Libloather

I am rich in spirit.


17 posted on 04/27/2024 3:24:05 PM PDT by Judge Bean
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To: usurper

“Wealthy people don’t need jobs, they have passive incomes that produce honey every month.”

Good way to say that. Never heard it better.


18 posted on 04/27/2024 3:24:20 PM PDT by nomorelurker
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To: CIB-173RDABN

Rich = Having “F.U.” Money


19 posted on 04/27/2024 3:27:53 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Libloather
"$544,518"

If that's what it takes to be considered wealthy today, then at 76, almost 77, I'm poverty level.

20 posted on 04/27/2024 3:45:13 PM PDT by mass55th (โ€œCourage is being scared to death, but saddling up anyway.โ€ โ€• John Wayne)
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