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What would you call "rich"?
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Tourer
Joined: Jun 2006
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From:
What would you call "rich"?
In trying to keep from hijacking another thread, I thought I would post this as a new one.
I am just curious as to what all of you would consider the income of someone who is "rich" (as in RUB)
Figure on total family income for one year.
Tim
I am just curious as to what all of you would consider the income of someone who is "rich" (as in RUB)
Figure on total family income for one year.
Tim
Tourer
Joined: May 2005
Posts: 458
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From: N.J. !!!!!
RE: What would you call "rich"?
I have a very good paying job, but I am not a RUB.
But, I am rich, meaning....I have my health, wife & kids health,and a wife who says "If you're spending big money it better have wheels & make noise". Top that!
But, I am rich, meaning....I have my health, wife & kids health,and a wife who says "If you're spending big money it better have wheels & make noise". Top that!
Cruiser
Joined: Oct 2006
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Cruiser
Joined: Jul 2006
Posts: 212
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From: Folsom, CA
RE: What would you call "rich"?
Do we get a choice? Rich or broke? I'll take rich. Richer than ****, filthy rich, rich like Thurston Howell III.
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Seasoned HDF Member
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From: Montana & Arkansas
RE: What would you call "rich"?
Twill be an interesting thread.
But, "Rich" is notbest defined by income. Due to nutso consumer marketing, dangerous mortgage and loan giving standards and our "gotta-have-that-today" society, a huge number of people/families are one-paycheck away from disaster or even bankruptcy.
Rich is best defined as Net Worth: It is allyour assets at a realistic market value less all debts and near term obligations. And from the assets you should really reduce them by the value of the assets it takes to just subsist (housing, clothes, pots and pans, a chair to sit on, basic transportation). And, on that basis of measuring "Rich", it's incredible how many folks earning $a half million or more per year havezero or even negative Net Worth. Merrill Lynch estimates there are only 7 million people in the world who have a Net Worth of more than $1 million. And that $1 million, if in place at a normal retirement age, could produce a retirement income of about $50,000. or so per year.
Ugh... Just Ride!!
But, "Rich" is notbest defined by income. Due to nutso consumer marketing, dangerous mortgage and loan giving standards and our "gotta-have-that-today" society, a huge number of people/families are one-paycheck away from disaster or even bankruptcy.
Rich is best defined as Net Worth: It is allyour assets at a realistic market value less all debts and near term obligations. And from the assets you should really reduce them by the value of the assets it takes to just subsist (housing, clothes, pots and pans, a chair to sit on, basic transportation). And, on that basis of measuring "Rich", it's incredible how many folks earning $a half million or more per year havezero or even negative Net Worth. Merrill Lynch estimates there are only 7 million people in the world who have a Net Worth of more than $1 million. And that $1 million, if in place at a normal retirement age, could produce a retirement income of about $50,000. or so per year.
Ugh... Just Ride!!
Road Master
Joined: Sep 2006
Posts: 991
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From:
RE: What would you call "rich"?
ORIGINAL: gunrunner
RICH as in R.U.B. is being able to drop 15- 20K on a toy. Even if its on credit.
RICH as in R.U.B. is being able to drop 15- 20K on a toy. Even if its on credit.
But I am "rich" because I live a full life, have my health, have my family, and have some real good friends.
Thats why I laugh everytime I see a RUB post, and the idiots that take offense to being called a RUB.
Hell, if you are a real biker, your a RUB, because you too are "Rich" with the knowledge and experianceof what riding is all about.
And to answer the poll, Money ain't nothing but a thing.