2006-11-14 11:06:00 · 14 answers · asked by charlize 1 in Business & Finance ➔ Personal Finance
Strictly speaking in the financial sense, it's not about being rich, it's about financial independence. That is when your passive (non-working) income is greater than your expenses. You only have to work if you want to.
The best way to achieve this is reducing your expenses, and increasing passive income.
2006-11-15 13:35:08 · answer #1 · answered by AfterBK 1 · 0⤊ 0⤋
Surveys have consistently shown that most people would consider themselves "rich" if they were making about 1 1/2 times whatever they are making when asked.
2006-11-14 11:54:11 · answer #2 · answered by worldinspector 5 · 0⤊ 0⤋
you are rich if you are alive you have health somebody nearyoua family
money is only the way to get what you want if you nly want money you would never get enought
i really belive in this
know i am reaching 40
2006-11-14 11:10:20 · answer #3 · answered by otorrinolaringologodeuranga 4 · 0⤊ 0⤋
I think I rather be wealthy because you will always have money, If I was rich I can spend it all and then have nothing.
2006-11-14 11:09:30 · answer #4 · answered by LIZ 3 · 1⤊ 0⤋
I would consider myself rich if I dad a million.I am richer in other ways, healthy and happy that's more important.
2006-11-14 11:08:27 · answer #5 · answered by jacqui 2 · 0⤊ 0⤋
Millions...... in the bank/investments and very smart investing it would take a good 20 years for that to build
2006-11-14 11:13:39 · answer #6 · answered by ne_patriots2005 4 · 0⤊ 0⤋
This is absolutely going to vary person-to-person, however, you are never rich if you don't have friends and family who love you :)
2006-11-14 11:10:57 · answer #7 · answered by plasticonohen 1 · 0⤊ 0⤋
What would it take to consider myself wealthy, financially? Enough money to not have to work.
2006-11-14 11:10:27 · answer #8 · answered by Shibi 6 · 0⤊ 0⤋
It depends on your expectations in life. For some folks it's a million and for others it's hundred-million.
2006-11-14 11:09:04 · answer #9 · answered by HSB 3 · 0⤊ 0⤋
oh, you need money to be rich?
I know many people who would give up material wealth for two arms-two legs- or sight-- to have s son or daughter back...
to know love or leace and joy...
money brought them trajedy...
2006-11-14 11:38:58 · answer #10 · answered by cork 7 · 0⤊ 0⤋