GoFuckYourself.com - Adult Webmaster Forum - View Single Post - How much money does someone have to earn to be considered as Rich?

Grinder · 01-09-2005, 11:51 AM

There is a good book called "The millionaire next door". The authors use a formula to determine how you rate in aquiring wealth and assets. The authors say that those seeking wealth should have a net worth that equals one's age multiplied by one's annual income, with the result divided by 10. Doing this will put you in the upper 1% range of American savers.

So if you are 25 and earn $40,000 per year you should have a net worth of over $100,000

But if you are 50 and earn $250,000 per year you should have a net worth of over 1.25 million

They considered a net worth of over 10 million to be rich.

01-09-2005, 11:51 AM
Grinder Confirmed User Join Date: Nov 2001 Location: Atlanta, GA, USA Posts: 261	There is a good book called "The millionaire next door". The authors use a formula to determine how you rate in aquiring wealth and assets. The authors say that those seeking wealth should have a net worth that equals one's age multiplied by one's annual income, with the result divided by 10. Doing this will put you in the upper 1% range of American savers. So if you are 25 and earn $40,000 per year you should have a net worth of over $100,000 But if you are 50 and earn $250,000 per year you should have a net worth of over 1.25 million They considered a net worth of over 10 million to be rich.