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Originally Posted by broke
I've given you the benefit of the doubt (not sure why) -- please DEFINE each of the following:
middle class
upper middle
carefree wealthy
great
In a country where the average GROSS wage is $20,114.00/year -- do you honestly believe that one needs a NET income of $60K to $120K to be middle class?
ROTFL.
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middle class would be the average high income group. Net worth in the $100K to $500K range.
upper middle are the corporate execs and professionals income group. Net worth in the $1 to $3 Mil range.
carefree wealthy would be the successful small business owners who do really well and can pretty much buy all the toys. Net worth in the $3 to $10 Mil range.
living great is when you got more money than you can spend even when you're buying the toys, but you still need to keep doing deals to support the lifestyle. Net worth in the $10 to $25 mil range.
rich and famous is when you've got huge income, you're living fantastic lifestyle, and you've got enough to stop working if you want to, and you're passive investments are able to sustain a huge lifestyle. Typically a net worth in the $25 to $100 Mil range
super rich is when you're a major player, worth over $100 mil but not a billionaire yet, and have so much money coming in you can't even manage your lifestyle yourself and need a team and assistants for all aspects of your life.
ultra rich is when you are a billion dollar and up player.