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We need a new word beyond rich. Everyone takes rich as a personal achievable goal.
We need a word for someone who has more money than is healthy. An easy to use word.
They are so rich they no longer know the cost of things. They can't relate to their neighbors. They no longer need to be a part of their community to survive.
Wealth is the feeling of having all your needs met and being satisfied with life in a stable and permanent way.
Someone for whom the normal and inevitable experiences of suffering (illness, death in the family, natural disaster, etc) have no real economic consequences.
Anybody who doesn't have to work for the rest of their life because it's voluntary + they don't really have to look at the price tags of the things they want.
It's always "wealthier than us", isn't it?
But I'd say whenever you have no money worries, that's wealthy. Like you could retire today if you wanted and not just survive but buy a new car or house if you wanted to, go on a long vacation, anything that just needs money to do is within your reach. Never have to say no simply because of money. That is what I define as wealth (financial wealth) and it's different amounts in different places.
Bezos is not wealthy. He just has a lot of money. I can't imagine he's found any real happiness with it. Sure a brand new Ferrari every week can buy you some happiness, but that's short lived.
The man has a serious mental illness that will not be addressed, because he has too much money and power for anyone to be allowed to tell him he's ill.
Billionaires are a danger to themselves and others. They should be admitted into a mental hospital against their will and they should be treated until they are cured.
This isn't even a "CEO bad" joke. I honestly believe it's a mentally disorder. Or maybe a specific mix of different disorders and unfortunate environments, circumstances and enablers.
What's your take on Elon.....I know mental illness, but I saw somewhere that his gaming account that was almost #1 got banned and all I can think is he's obsessed with being no1
I'm not sure it's quite the same level of blatant disregard for human life, or life in general, that Bezos has. Elon has different issues than Bezos, but definitely something unhealthy and dangerous about his behaviour as well.
You can cure rich with a weekend in Vegas, Wealth is terminal.
Shit, for the obscenely rich, a green plumber can cure that.
Living in London and working in the City so long really skewed my view on this. I guess because I worked with so many people earning six figures (and double that for household income) who were still very much "workers", were paying off the mortgage and hated commuting like anyone else. They didn't seem rich to me. Maybe if they sold up and moved out of town, sure, but just trying to live day to day they were counting the cost like an average person just up-scaled.
I feel like being able to live off passive income / interest AND living where you want is where "rich" starts for me. I could live off passive income now, in a basic place far from London but I'm not "rich". I can live pretty much where I want in London, but I'd have to continually work for it. Being able to do either of these things would put me in many people's "rich" bracket but for me it's when you can do both at the same time.
As if to prove your point on London, this is timely...https://www.ft.com/content/fa6fdb8e-c36e-4854-8b3a-1552ab41f217
Rich is being subscribed to the financial times?
Ah, sorry I found the link through Google, didn't know there was a paywall, I don't have a sub either. It looks like if you read the top before the paywall it still has the article summary; London rents rose 11.4% YOY.
In general I would say you're rich if you could stop working and live a life where you never want for anything
You are wealthy/rich at the point where you no longer know or care about the well being of the people that count on you to survive–the point of dehumanization is the threshold of a monster.
Anyone with a net worth listed on their wikipedia page.
Anyone who can lose several million dollars at work and might still have a job the next day.
Anyone who can damage fancy clothing and think "I'll just get a new one."
Anyone who can have a holiday abroad every year. Especially if they have a summer home.
Anyone who gets surprised when they find out someone has never been skiing.
Anyone who gets surprised when they find out someone has never been skiing.
That depends on culture a lot. In Austria it's actually rare to find someone who has never been skiing (25% of the population go skiing regularly, and that has already been at around 50% not many years ago). Even when not doing it with your family while growing up everyone learns it at school.
I'm not rich at all but I do get surprised when someone who isn't obviously from another country has never been skiing (typically it means that they grew up somewhere else but you just don't notice anymore).
$500,000 combined household gross income
You're not really wealthy until you can raise your own legion.
Depends entirely on where you live. In my part of the world, a decent 1800 SF house goes for around $1.5M.
I first thought 1800 SF house was referring to the painted ladies and thought the price way too low.
