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Author Topic: What is Your Definition of Wealthy?  (Read 2991 times)

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Offline Carl

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What is Your Definition of Wealthy?
« on: February 12, 2010, 05:12:15 PM »
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7701953

Quote
Mike 03  (1000+ posts)         Fri Feb-12-10 06:01 PM
Original message
Poll question: What is Your Definition of Wealthy?
   
In the distant past I would do this poll from time to time, but it is always fascinating to receive the opinions of others on this question, and I appreciate in advance the opinion of anyone willing to participate.

Because this in an escalating poll, I am asking you to vote for your baseline. In other words, if someone making sixty grand a year is "wealthy", please vote for that rather than the next highest amount.

Likewise, if you have a target not generally listed here, please specify it. Thank you in advance.
Poll result (20 votes)
Someone making over $60,000 a year is wealthy    (0 votes, 0%)   Vote
Someone making over $100,000 a year is wealthy    (10 votes, 50%)   Vote
Someone making over $200,000 a year is wealthy    (6 votes, 30%)   Vote
Someone who has a net wealth of one million dollars but is retired with no income is wealthy    (0 votes, 0%)   Vote
Someone who has a net wealth of two million but is retired with no income is wealthy    (0 votes, 0%)   Vote
Someone with a net worth of five to ten million who is not working is wealthy    (4 votes, 20%)   Vote
Other (Please explain)    (0 votes, 0%)

Pretty new but could get fun.

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Offline Mike220

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Re: What is Your Definition of Wealthy?
« Reply #1 on: February 12, 2010, 05:13:49 PM »
They forgot the one that would get 90+% of the vote.

"If you're not on welfare, you're wealthy."
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Offline The Village Idiot

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Re: What is Your Definition of Wealthy?
« Reply #2 on: February 12, 2010, 05:19:56 PM »
Quote from: Mike220 on February 12, 2010, 05:13:49 PM
They forgot the one that would get 90+% of the vote.

"If you're not on welfare, you're wealthy."

That'd definitely win by a longshot
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Offline ColonialMarine0431

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Re: What is Your Definition of Wealthy?
« Reply #3 on: February 12, 2010, 05:20:30 PM »
Quote
Alias Dictus Tyrant (163 posts)      Fri Feb-12-10 06:05 PM
Response to Original message
2. Income is not wealth. If you have to work, you aren't wealthy.  Or at least that's how I see it. Even at $100,000 per year, you would still have to work decades to save up enough money to live without working.
 


 :rotf:

So I guess Bill Gates, Steve Jobs, Donald Trump etc aren't "wealthy", because they do still work. :mental:

This is the mentality that'll keep AKA Dick Tyrant working paycheck to paycheck for the rest of his/her/it's life.
« Last Edit: February 12, 2010, 05:30:58 PM by ColonialMarine0431 »
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Offline thundley4

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Re: What is Your Definition of Wealthy?
« Reply #4 on: February 12, 2010, 05:27:37 PM »
Quote from: ColonialMarine0431 on February 12, 2010, 05:20:30 PM


 :rotf:

So I guess Bill Gates, Steve Jobs, Donald Trump etc aren't "wealthy", because they do still work. :mental:

This is the mentality that'll AKA Dick Tyrant working paycheck to paycheck for the rest of his/her/it's life.

To be fair the DUmmie said: "If you have to work, you aren't wealthy. "  Bill Gates and the others don't have to work, they want to.
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Offline USA4ME

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Re: What is Your Definition of Wealthy?
« Reply #5 on: February 12, 2010, 05:31:23 PM »
The Mike 03 primitive is the one who recently fellatioed Skin's in order to be reinstated.  Being rich to him is having enough money to dry clean his blue dress.

.
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Offline ColonialMarine0431

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Re: What is Your Definition of Wealthy?
« Reply #6 on: February 12, 2010, 05:32:00 PM »
Quote from: thundley4 on February 12, 2010, 05:27:37 PM
To be fair the DUmmie said: "If you have to work, you aren't wealthy. "  Bill Gates and the others don't have to work, they want to.

This is true.
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Offline Randy

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Re: What is Your Definition of Wealthy?
« Reply #7 on: February 12, 2010, 06:08:59 PM »
$50,000,000.00+ is rich. Anything less is middle class.  :fuelfire:
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Offline The Village Idiot

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Re: What is Your Definition of Wealthy?
« Reply #8 on: February 12, 2010, 06:15:46 PM »
Quote from: Randy on February 12, 2010, 06:08:59 PM
$50,000,000.00+ is rich. Anything less is middle class.  :fuelfire:

<-- they OWN a car!! TAX THEM!!!

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Offline Randy

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Re: What is Your Definition of Wealthy?
« Reply #9 on: February 12, 2010, 06:18:05 PM »
Quote from: FGL on February 12, 2010, 06:15:46 PM
<-- they OWN a car!! TAX THEM!!!



Well yeah they're rich! They have a Motor Home.  :hyper:
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Offline The Village Idiot

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Re: What is Your Definition of Wealthy?
« Reply #10 on: February 12, 2010, 06:39:46 PM »


Homeless RV!!!
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Offline Chris

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Re: What is Your Definition of Wealthy?
« Reply #11 on: February 12, 2010, 06:54:55 PM »
Expecting a homeless person to carry around their own shelter like a common animal is degrading to the homeless.

Does it only come in one color?  That's discrimination.

Where are the pillows and blankets?  You just hate the less fortunate.

</bobolink>
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Offline The Village Idiot

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Re: What is Your Definition of Wealthy?
« Reply #12 on: February 12, 2010, 06:56:59 PM »
Quote from: Chris on February 12, 2010, 06:54:55 PM

</bobolink>

It needs some exterior storage at least.

That is exactly what I would expect bobolink to say
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Offline Chris

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Re: What is Your Definition of Wealthy?
« Reply #13 on: February 12, 2010, 07:04:31 PM »
It's a ridiculous item.  Some other homeless person would just steal it.  Besides, once some bum has passed out and defecated in it, it would probably never get used again.  And it's plastic... it would stay in a landfill for a billion years before it started degrading which is where every one of those things will wind up anyway.

Whatever happened to cardboard boxes and newspapers?  These new bums and their fancy doodads. :lmao:
« Last Edit: February 12, 2010, 07:09:24 PM by Chris »
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Offline The Village Idiot

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Re: What is Your Definition of Wealthy?
« Reply #14 on: February 12, 2010, 07:14:47 PM »
Quote from: Chris on February 12, 2010, 07:04:31 PM
It's a ridiculous item.  Some other homeless person would just steal it.  Besides, once some bum has passed out and defecated in it, it would probably never get used again.  And it's plastic... it would stay in a landfill for a billion years before it started degrading which is where every one of those things will wind up anyway.

Whatever happened to cardboard boxes and newspapers?  These new bums and their fancy doodads. :lmao:

It needs central heating
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Offline Vagabond

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Re: What is Your Definition of Wealthy?
« Reply #15 on: February 12, 2010, 08:02:09 PM »
Anyone that make more than me.  :bawl: /DUmode.
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Offline The Village Idiot

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Re: What is Your Definition of Wealthy?
« Reply #16 on: February 12, 2010, 08:03:36 PM »
Quote from: Vagabond on February 12, 2010, 08:02:09 PM
Anyone that make more than me.  :bawl: /DUmode.

$9 an hour is wealthy! There ya go. Start those 75% tax rates right there.
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Offline MrsSmith

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Re: What is Your Definition of Wealthy?
« Reply #17 on: February 12, 2010, 08:50:33 PM »
Healthy -- check

Passel of healthy kids & grandkids -- check

No one goes hungry -- check



ok, we're wealthy! 
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Offline Chris

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Re: What is Your Definition of Wealthy?
« Reply #18 on: February 12, 2010, 09:22:46 PM »
Quote from: FGL on February 12, 2010, 06:15:46 PM
<-- they OWN a car!! TAX THEM!!!

Looks like an AMC Rambler/Marlin.  Would be worth a few bucks today, regardless of the condition... enough to get a cheap apartment.
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Offline kenth

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Re: What is Your Definition of Wealthy?
« Reply #19 on: February 12, 2010, 11:45:44 PM »
Was there a "Anyone making more than me" option?
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Offline BlueStateSaint

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Re: What is Your Definition of Wealthy?
« Reply #20 on: February 13, 2010, 05:32:25 AM »
Quote from: kenth on February 12, 2010, 11:45:44 PM
Was there a "Anyone making more than me" option?

I was thinking of that too.
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Offline Tucker

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Re: What is Your Definition of Wealthy?
« Reply #21 on: February 13, 2010, 08:15:40 AM »
Quote from: Chris on February 12, 2010, 06:54:55 PM
Expecting a homeless person to carry around their own shelter like a common animal is degrading to the homeless.

Does it only come in one color?  That's discrimination.

Where are the pillows and blankets?  You just hate the less fortunate.

</bobolink>

Let us not forget religious persecution against atheists. That mobile home has a fish emblem on the side.

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Offline Texacon

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Re: What is Your Definition of Wealthy?
« Reply #22 on: February 13, 2010, 08:47:48 AM »
Quote
Alias Dictus Tyrant (163 posts)      Fri Feb-12-10 06:05 PM
Response to Original message
2. Income is not wealth. If you have to work, you aren't wealthy.  Or at least that's how I see it. Even at $100,000 per year, you would still have to work decades to save up enough money to live without working.

DUmmie gets one part right and one very wrong.  This is why they never amount to much.  Yes, if you have to work you are not wealthy.  On the flip side of that DUmmie says "have to work decades to save up enough money to live without working" and that is the worst answer.

To get wealthy you don't save up money .... you invest the money in something that will give you a return.  This is where the DUmmies mess up all the time.  You want retirement income?  Buy some rental homes; Buy a parking garage; Buy anything that will give you a passive income while still increasing in value, THIS is the true way to wealth.  Hell, even if it is stocks paying dividends.  Saving the money WILL take decades to get you enough for retirement.  Letting that money work to make you more money will get you retirement income in a few short years if you do it right. 

Want a new Harley?  Take the money you would have spent on the bike and buy a small house.  Let the rent pay for the house AND the bike.  Stupid DUmmies.

KC
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Offline vesta111

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Re: What is Your Definition of Wealthy?
« Reply #23 on: February 13, 2010, 09:53:19 AM »
Quote from: Texacon on February 13, 2010, 08:47:48 AM
DUmmie gets one part right and one very wrong.  This is why they never amount to much.  Yes, if you have to work you are not wealthy.  On the flip side of that DUmmie says "have to work decades to save up enough money to live without working" and that is the worst answer.

To get wealthy you don't save up money .... you invest the money in something that will give you a return.  This is where the DUmmies mess up all the time.  You want retirement income?  Buy some rental homes; Buy a parking garage; Buy anything that will give you a passive income while still increasing in value, THIS is the true way to wealth.  Hell, even if it is stocks paying dividends.  Saving the money WILL take decades to get you enough for retirement.  Letting that money work to make you more money will get you retirement income in a few short years if you do it right. 

Want a new Harley?  Take the money you would have spent on the bike and buy a small house.  Let the rent pay for the house AND the bike.  Stupid DUmmies.

KC

Are we into the discussion on what is wealth and what is money.?

 
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Offline Texacon

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Re: What is Your Definition of Wealthy?
« Reply #24 on: February 13, 2010, 09:58:36 AM »
Quote from: vesta111 on February 13, 2010, 09:53:19 AM
Are we into the discussion on what is wealth and what is money.?

 

I dunno ... I can tell you that true wealth is having enough passive income to cover all your expenses.  Once you've acheived that you work because you want to and not because you need to.  And this can be done at any income level. 

KC
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