Q: What is your definition of "rich"? In terms of either

>>1056579
It's a complex issue anon

5+ mil networth

3-4x the income of your friend circle

>>1056579
1 mil liquid

(your house doesn't count senpai)

>>1056643
>tfw I have $9M net assets and just $200k in my bank account

I should not have bought so many houses/condos. I regret everything

>>1056650
what's your net ROI Mr Slumlord?

In my mind "rich" generally means well off. Income above $150-200k, liquid net worth (not including residence) above $1 million.

Wealthy, on the other hand, is the people who have lives that "normal" people simply can't fathom. Incomes in the multiples of millions per year, net worth of $20+ million.

Rich means nothing. That's just upper middle class. These people drive BMWs, entry-level Porsches, they fly first class or business class. They probably still work 40ish hours a week. Maybe they go on a cruise every summer.

Wealthy is what matters. These people live lives that are just... it just doesn't make sense to a normal person. Your son just turned 16? Sweet, he gets a McLaren. Honey, gather up the kids, we're going to fly to Monaco on a chartered jet (or maybe one that they outright own). I really like this business idea, I'm gonna put $5 million up for an ownership stake.

>Q: What is your definition of "rich"?

Someone with few desires. This can be achieved in two ways: work hard and smart to feed your desires, or train yourselves to be happy with a few things.

Basically, only the CEO and the stoic are rich.

>>1056714
What about the stoic meditating on a giant pile of cash?

>>1056579
https://en.m.wikipedia.org/wiki/High-net-worth_individual
HNWI is a standard for richfags.

>>1056659
I get ~4% return from rent money less condo fees+taxes, and then however much the property appreciates by. Last year those together totalled 8%.

>>1056579
When you are ready to die tomorrow without any regrets.

Eh, I'd describe people like this:

UHNW (30mm+ usd) - Rich/Loaded
VHNW (5mm+ usd) - Well-off/Affluent
HNW (1mm+ usd) - Decent or rich if under the age of 25

one who has enough money to live off interest or dividends without having to wagecuck and owns his house