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In Reply to: Are you rich? posted by Rod M on May 7, 2021 at 08:23:40:
We are retired and our income is from the typical sources, SS, small pensions and RMDs from investments. We have very little debt. Our home is paid for. We can afford anything we want within reason, but we don't live extravagantly. That's pretty much how we got to where we are, living within our means and saving and investing conservatively.
According to the supplied ranking tool, we are rich. During our earning and raising kids years, we would have been down the list much further. In my opinion, if we are rich, it has more to do with how little some folks have, not how much we have.
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Follow Ups
- I consider us comfortable but not rich. - srdavis2000 05/7/2110:22:19 05/7/21 (23)
- Whether I am rich or not depends on how I define rich on the test - Goober58 11:08:55 05/7/21 (22)
- RE: Whether I am rich or not depends on how I define rich on the test - Rod M 12:03:09 05/7/21 (11)
- RE: Whether I am rich or not depends on how I define rich on the test - Goober58 12:24:24 05/7/21 (10)
- RE: Whether I am rich or not depends on how I define rich on the test - Rod M 12:57:22 05/7/21 (8)
- I doubt many billionaires live modest lifestyles and keep their cash in a mattress. - Rick W 12:32:45 05/8/21 (0)
- That's the problem I have with tax the rich - Goober58 13:41:46 05/7/21 (6)
- You heard very very wrong. nt - tinear 18:24:27 05/7/21 (5)
- No I heard correctly - Goober58 19:55:50 05/7/21 (4)
- RE: No I heard correctly - rivervalley817 21:17:07 05/7/21 (3)
- I always think that maybe if I work REALLY heard. . . - Chris from Lafayette 10:45:13 05/9/21 (2)
- RE: I always think that maybe if I work REALLY heard. . . - fantja 23:41:51 05/9/21 (0)
- RE: I always think that maybe if I work REALLY heard. . . - rivervalley817 22:43:08 05/9/21 (0)
- Billionaires ? ... - reelsmith. 12:28:47 05/7/21 (0)
- RE: Whether I am rich or not depends on how I define rich on the test - srdavis2000 11:45:09 05/7/21 (9)
- Several years back I read somewhere that most millionaires drive the Ford Tauras - Goober58 12:38:23 05/7/21 (8)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - Rod M 14:40:52 05/7/21 (1)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - Inmate51 15:20:45 05/7/21 (0)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - srdavis2000 13:43:38 05/7/21 (5)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - Rod M 14:47:47 05/7/21 (1)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - srdavis2000 15:31:34 05/7/21 (0)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - Inmate51 13:57:42 05/7/21 (2)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - srdavis2000 14:19:27 05/7/21 (1)
- RE: Several years back I read somewhere that most millionaires drive the Ford Tauras - fantja 23:47:51 05/7/21 (0)