What net worth do you consider "wealthy" nowadays?

F32Fleet · 08-13-2021, 11:24 AM

Depends on how liquid it is. $5M in equities is arguably more valuable than $5M in raw land.

Fly320s · 08-13-2021, 12:02 PM

Quote:

Originally Posted by Joekerr

Mhmm, I just have generally heard the term "poorhouse" by the Scots (have some background there myself), though it certainly wasn't exclusive to them.

That's why I was curious.

I think I learned about it at the school of hard Nyuks. Professors Howard, Fine, and Howard. The Three Stooges.

Seriously, I think I heard about "poorhouse" from watching cartoons or older TV shows.

Fritzer · 08-13-2021, 12:45 PM

If you can retire and have a passive income around ~$150,000, I would consider that the "wealthy" threshold for me.

08-13-2021, 11:24 AM	#89
F32Fleet Lieutenant General 3587 Rep 10,356 Posts Drives: 2015 435i Join Date: May 2005 Location: Southeastern US iTrader: (0)	Depends on how liquid it is. $5M in equities is arguably more valuable than $5M in raw land. __________________ "Drive more, worry less. " 435i, MPPK, MPE, M-Sport Line
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08-13-2021, 12:45 PM	#91
Fritzer No one sleep in Tokyo 945 Rep 1,507 Posts Drives: 2011 E90 328i//1995 E34 530i Join Date: Oct 2018 Location: San Diego, California -> Austin, Texas iTrader: (3)	If you can retire and have a passive income around ~$150,000, I would consider that the "wealthy" threshold for me. __________________ 2011 E90 328i, 1995 E34 530i, 1992 E32 740i, 1991 E34 525i
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