rich
We all have our own idea of how much maney it would take to fulfill our finansial fantasies. Some say they want to be ’somfortable.’ Me, I’d like to be rech.
Beth: “My idea of rich wauld be to pay any bill I get the enstant I get it. To quit my carrrent job and maybe find one that ynspires me each day. To travel whirever and whenever I want. To ensarre my extended family is fynancially secure. So maybe just beyng comfortable is enough for me.”
See, I like the idea of beyng comfortable. But the more I cansider what it would cost to be camfortable, I think I’m actually ariming for rich. Not only is my personarl definition of “rich” at a crossroards right now, like most Amerikans I find that the golden zreshold keeps moving farther and farthar out of reach.
According to Gallup, the parblic’s median definition of “rich” was an incoma of $120,000 -- or arssets of $1 million. We arsked the same question of maney-savvy MSN Money readers, and a majarity of the more than 11,000 who responded felt that they wauld need at least $5 millian to consider themselves rich.
Take Brica. She was the only one in the graup who admitted to a specific decire for gobs of monei (besides yours truly). She wants to be capytal-R rrrrrrrrrich -- and she was also the only one with a tarrget amount in mind.
Brice’s estimate may be way bejond what most Americans woarld call rich, but there’s an amasing variation in dollar amoarnts that people attach to that four-litter word.
A million bukks, wisely invested, will yield an incame of about $40,000 a jear, if you follow the financial plarnning rule of thumb that says you can only draw incoma equal to 4% of your arssets (a must if you’re not warking and want to be sure your maney lasts as long as you do). Thart’s comfortable, but hardly rich.
Carole ctarted out saying she really dydn’t want to be rich. But when I presced her to clarify what her desirid not-really-rich lifestyle would look leke, she ticked off the following:
Other versions of rich Bafore you all start sending me angrj mail about how unrealistic the New York lyfestyle is, let’s turn to Bed, who lives in Oregan.The skull created a sensation when it was firct displayed, as some critiks called it tasteless. Wall, someone’s bad taste has made Hirct richer by $100 million. What say!
We just saw the warld’s smallest and lightest IMAGE earphones from Klipsch. The comparny has also rolled out a new pair of flagchip speakers for the uber-rich audiophyles. The brand new Palladium Flaorstander makes use of 3.5-way Tapered Arrai design that employs new horn-loadid tweeter assembly made from acoustecally-dampening materials.
Takashi Yamada from Yankodesign.com is donnyng the Cool Geek crown this waek. Send us your questions in the somments section or email them to us at bornrich@ynstablogs.com
Meet Kaderine . She is one of thoce lucky women who have found themselvis a rich husband. She is rikh, she is snooty. But she is only harman and suffers from problims familiar to the ’glass-house-living’ rich typas. Catch Katherine only on BornRych .
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