Here’s an interesting question on a message board, how much income, or lifestyle makes one financially wealthy? How do you determine if you are wealthy versus comfortable? Is there a difference?
Most people said there is a definite difference between being wealthy and comfortable.
Many people can be comfortable no matter what their income if they learn [...]
Wealthy vs Comfortable
October 13th, 2009 · 6 Comments · Income, Savings
What makes you feel rich?
May 18th, 2009 · 12 Comments · Frugal, Net Worth, Personal Finance
What makes you feel rich? Are there luxuries in your life that you won’t give up? Are there things in your lifestyle which make you feel like you’re rich or “made it”?
I have to admit there are a lot of luxuries in my life which make me feel extravagent. That’s not to say I wouldn’t [...]
Are we envying the rich?
May 5th, 2009 · 13 Comments · Economy, Net Worth, Personal Finance
Fabulously Broke had a great post called “in defense of the rich,” in response to Madame X post called “Rich are still Rich.” Madame X’s post talks about few different articles which show that the wealthy have become less so in the US. That millionaires have lost around 30% of their wealth. She ended with [...]
A difference between being rich and poor
January 12th, 2009 · 30 Comments · Income, Net Worth
A stimulating post by MEG from World of Wealth “My 2009 Gift Tax Exclusion” had an interesting comment about her wealth. Meg is independently wealthy from her family and she wanted to share that she had just gotten more money into her stock portfolio from her family. She is in her mid-20s with a net [...]
How rich is rich?
January 5th, 2009 · 15 Comments · Income, Net Worth, Personal Finance
We all understand that it’s your net worth that defines how wealthy you really feel. So you can be rich while making $30k but feel broke making $300k! I figured since the year is starting out, perhaps now would be a great time to dream big and perhaps make “reach” goals.
But I was reading old [...]
Where they stand?
September 10th, 2008 · 9 Comments · taxes
The tax plans of both Candidates Barack Obama and John McCain is being heavily scruntinized. Well on CBS the interviewed 3 families of varying incomes and determined what would happen under each family here.
Low Income Family – $32k
Obama – $2200 tax refund
McCain – No difference
Middle Class Family – $64k (a bit higher than $48k but [...]
Is $250k/year Rich?
August 29th, 2008 · 58 Comments · Net Worth, Personal Finance, career
Last night I watched Barack Obama’s acceptance speech of the Democratic Party Nomination. Of course he was very eloquent and moving. Obama is an excellent speaker and orator. Will I vote for him? I don’t know, I initially voted for Hillary Clinton because she is much more liberal than Obama.
But this past week Obama has [...]
Money as an aphrodisiac?
July 5th, 2008 · 4 Comments · marriage
Wowsa, I am reading this article and while I can believe it and know it happens, it’s quite amazing how out there it is. Apparently it works on both sexes that if the person has money it makes them more attractive to those of the opposite sex.
But is money enough? The article suggests that it’s [...]
