<p>I hope I’ll be rich!
But my idea of being rich is being able to buy clothes that aren’t in the clearance section. If I can walk into a store and not have to wait till they get marked down and just buy it, I’ve made it. :)</p>
<p>I don’t exactly know. I mean if I do graduate with an engineering degree and stuff, then maybe I’ll be rich as long as I work hard enough. But as long as I’m comfortable with my living conditions and I enjoy my job, I will be happy. I don’t wanna be spoiled, filthy rich, but pretty much the same as right now, with maybe a few more stuff here and there.</p>
<p>I want to make at least 100k a year one day.</p>
<p>Do you guys really consider making 100k a year rich? My mom makes around 120k a year as an elementary school principal, and in no way would I consider us to be rich. </p>
<p>I plan on going into law or international relations, so hopefully I’ll make enough to live comfortably and occasionally splurge on some nice things. Around 300k a year would be perfect for me, but I would still be fine with less than that.</p>
<p>^ are you serious?
I know that we all hve different opinions of what we consider to be “rich” but I would imagine that you are living well off with your mom’s income. </p>
<p>I would reccomend you to take a look around. I know many people who have to learn to live with only $30,000 income and they have around 5-6 ppl in each family. Hard to imagine? Well it’s real. It saddens me that you seem dissatisfied with your current situation. It’s good to shoot for the best, but just know that how you are living is what me, and many of my friends would consider luxurious.</p>
<p>I think it seems logical that anyone’s aspirations might be to exceed their parents on the socioeconomic scale. It makes sense that doubling your parents’ income might be “moving up a rung on the ladder.”</p>
<p>Personally, I think $120k/yr is plenty to “live comfortably and occasionally splurge on some nice things.”</p>
<p>@duermomuco - you have to realize a lot depends on your community and part of the country you live in. For the average American, that is a large salary, considering the average income is about a third of that. </p>
<p>for example, in my hometown, the average price of a house is close to a million, but while that might buy a huge swanky home in Kansas, here it’s a typical 4 bedroom house. people in a rural midwestern town might say “Well if a house costs $1.5M it must be a mansion!” but a mansion in one area might only buy a decent-sized apartment somewhere else (like nyc). So the idea of “rich” is relative. </p>
<p>and well-off people tend to not think of themselves as rich because they likely live in an affluent community surrounded by similar people, so they don’t pick up on it. our idea of “rich” is basically anyone who’s making more than us or has a nicer house/car/<em>insert luxury item</em> than us.</p>
<p>I agree with Alix, I lived in a suburb outside of NYC and an average price of a house was a million. Nothng special either with the houses. Just location which makes the price of land expensive compared to a house in the middle of nowhere in Indiana where the price would consist of the stuff that the house has. </p>
<p>For me though $100k is a dream mark as I said before. Not sure about you guys but I consider being rich where I can easily pay off my college loans along with my wife’s, live somewhat comfortably in an average suburb house, and support my children and parents well. The thought of having a couple of mansions, a yacht, extremely private membership to a golf club doesn’t seem possible.</p>
<p>my dream is to drive a Ferrari down a race track.
so,
1 * ferrari = $280K
$250 track/day * 365 days/year = $91250
insurace for the ferrari/year = $60K
gas/maintenance = $50K</p>
<p>so yes. i need to be very rich.
thats why im spending close to $500,000 in next 8 years on my education.</p>
<p>wait a minute… i can get a Ferrari with the money. 
(goes and cancels his apps, and buys a Ferrari ;p)</p>
<p>I consider rich to be making 7 figures a year</p>
<p>In any decent metropolis, say New York, Boston, Chicago, LA, SF, etc. $120k is in NO WAY rich. That puts you in the “can barely live on” range. Think of New York. Run the numbers. $120k ($70k net of tax optimistically-more like $65k) doesn’t take you very far.</p>
<p>In those places, you have to make at least $500k+ to be considered “rich” if you have significant savings, and $1 million+ without, if you’re not willing to live out in the suburbs. If you’re willing to commute from the suburbs, that mark goes down to something along the lines of $200k/$400k. It also has to do with the ratio of net pay vs. nominal pay. Taxes are much lower in, say, Texas that has no state income tax than in California where it’s up to 9%.</p>
<p>That said, I’d be happy with about $250k/yr. If I’m single. If I’m married, I would like the other half to make about the same. $250k should allow me to buy a condo somewhere in the $850k-$900k range. In Manhattan though, this will get you an entry level studio. I’d prefer to not spend too much on a car. I’d rather spend it on travel and toys. :)</p>
<p>i dont want to be materialistically rich, but rich in the mind.</p>
<p>If a guy isn’t rich, why would I want to marry him? Everyone knows a guy’s value is directly correlated to his bank account. No I don’t want no scrub. </p>
<p>Millionaires = winners = husband material</p>
<p>AshleyMiller:</p>
<p>Take a look at the link below to a famous craig’s list post-
<a href=“http://urbanlegends.about.com/od/sex/a/gold_digger.htm[/url]”>http://urbanlegends.about.com/od/sex/a/gold_digger.htm</a></p>
<p>Also, $120k a year annual salary is wealthy - not super celebrity mega-rich, but wealthy by normal standards.</p>
<p>Forget if your dad brings any income to the table, but $120k alone a year will easily put you in the top 10% of American households by income, if not higher. Forget the rest of the world.</p>
<p>Of course you may not consider yourself rich; barely anyone barring millionaire parents would either. The guy making $300k a year is looking at the guy making $600k a year. He probably considers himself “well off, but not rich by any means.”</p>
<p>Yeah, it’s pretty subjective, but you’re rich.</p>
<p>Also, does anyone else think futurenyustudent sounds like an early Patrick Bateman? lol…</p>