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Originally Posted by Webby
Na.. not knocking it PK - it is above the average and sure ain't pocket change to anybody. At the same time, it's not exactly into the "rich" category - there are folks who do earn very serious money - don't mean grading em by how much they can stuff into their pockets - more on the basis of what they apply that money to and using it. There is a limited any person can spend money - else it's just bullshit and waste.
Get the impression from this thread that all that matters is some dollars - don't think that is true. There are far more "values" than money and they bring much more "satisfaction" than a load of dollar bills. Sure is the case with me and I sure don't consider myself "rich".
Can only say from the few people I know who are *seriously* wealthy - they worked for every dime and are not into wasting either money or time, but often, they get more of a kick/buzz out of making projects work - and along with that there is often some financial benefit.
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Well I wouldn't call it rich in the US, I would say that if someone in the US earns that money CONSISTENTLY, they will live a very comfortable lifestyle. They'll live in a very nice neighborhood, be able to afford most basic luxuries, and never have to worry about the next meal or mortgage payment. My dad made about 100k a year and we lived in a very nice community and had everything we needed as kids growing up (including college).
But you're right about the value of money. It's amazing how many people who make that kind of money live essentially poor and paycheck to paycheck. They spend the money on lavish cars, expensive clothes, and other tangible goods that add zero to their net worth. If you are smart with your 240k, invest it properly, you can live rich.