The "wealthy" I am using in this question is finanically wealthy.
I define wealthy as 500k in liquid assets/cash.
So is anyone here wealthy (by my definition) or know someone who is?
If so, what is your main source of passive income?
*I am asking this question because I am a curious guy...*
2006-08-20 13:32:47 · 4 answers · asked by mookie123 1 in Business & Finance ➔ Other - Business & Finance
Not me.
2006-08-20 13:40:27 · answer #1 · answered by the_architect 4 · 0⤊ 0⤋
My father was worth over around a million dollars around 1987.
He got his money through the stock market, and flipping houses, and earnign money through real-estate. He was a real-estate agent, and owned his own construction company, so he could fix/flip a house, and sell it, and keep all the commission.
The stock market crash of the late 80's changed all that though.
2006-08-20 20:39:00 · answer #2 · answered by J-Pizzle 3 · 0⤊ 0⤋
Yes my husband is what you would consider wealthy (I don't say we because he earned it before we got married). He was an independent contractor for several years and tight wad as well so he saved the majority of it.
2006-08-20 20:39:35 · answer #3 · answered by glitterprincess 4 · 0⤊ 0⤋
I know a millionaire. He is a farmer (college graduate in education) You would never know it to look at him. Looks like a farmer.
2006-08-20 20:47:39 · answer #4 · answered by old_woman_84 7 · 0⤊ 0⤋