This varies in case of the place he lives in.
Consider he lives in a metropolitan city.
2006-10-17 22:13:43 · 8 answers · asked by someone 1 in Business & Finance ➔ Personal Finance
HELLO! DO RICH PEOPLE EARN A SALARY! I thought they owned a business and showed all their personal expenditure as Company expenditure
If you want to be rich you can never earn a salary. Salaried fellows get taxed, because the employer has to forcibly deduct tax at source! So start a business!
2006-10-17 22:32:39 · answer #1 · answered by indiangal 3 · 0⤊ 0⤋
I think you got the wrong idea of being rich. Being rich means you are financially free. A salaried worker can never be rich because there will always be bills to be paid. Even if you make $15,000 a month, you are not deemed rich because you might be having negative assets.
If one is to be referred as 'rich', he does not need to work. He would probably have income from property rentals, share dividends, fixed deposit interests, businesses....etc
Meaning his revenue is more than his expenditure.
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2006-10-18 05:43:05 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Take the average salary of your area (I think this is available in US census bureau), divide by 12 to get the average monthly earnings . And from there I would multply by two. If you make more than this amount on a monthly basis, then you can honestly say you're earning twice as much as the average worker! I don't know if you can necessarily say you are rich or not. I think anyone who is able to found their own foundation is rich.
2006-10-18 05:19:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
perhaps its not just that u earn a lot to be a rich man. It is more important to channelize ur money watever it may be in the right way ......then irrespective of ur monthly income ull be termed rich...besides rather than payin hell of taxes u donate some money to charities........this will make u exempted from tax for that amount and ull be termed as rich person with the label GENEROUS
2006-10-18 05:31:56 · answer #4 · answered by mithun m 1 · 0⤊ 0⤋
Rich persons do not work 4 others they use others talent to get rich. They employ hundreds of MBAs & return them little part of their earnings. Even if he takes 1000 bucks only out of each MBAs earning, he earns 1000x1000
2006-10-18 09:00:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Sorry, your job at McDonalds isn't going to make you seem rich.
2006-10-18 05:21:43 · answer #6 · answered by I'm Fat & Ugly 1 · 0⤊ 0⤋
$20/day n able to see family menber in evenning n rest in coffee shop in night time.
2006-10-18 05:22:13 · answer #7 · answered by robert h 1 · 0⤊ 0⤋
Whatever it is you'll always think it is not enough!
2006-10-18 05:18:39 · answer #8 · answered by dot&carryone. 7 · 0⤊ 0⤋