What amount of money would you have to have in the bank, or as an annual income, to consider yourself "rich?"?

1 Answer

Answer :

Depends on whether I have to work for the income or not. I used to think that $50,000 per year income would be more than enough, and I wished I had that coming in and didn’t have to work for it. Now I think it’s more like $100,000, which given when I started thinking about it, actually may not even be keeping up with inflation. Really I think it’s about how much more is coming in than going out (without doing anything special, and accounting for sudden expenses such as medical costs). That has always seemed challenging to even get “in the black.”

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