What's your definition of a wealthy person? Sure, Bezos is rich, but where do you put the threshold? (sh.itjust.works)

submitted 3 days ago* (last edited 3 days ago) by neidu3@sh.itjust.works to c/asklemmy@lemmy.world

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What does it take in terms of assets, abilities, and/or income for you to consider them wealthy?

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[-] sexy_peach@feddit.org 3 points 3 days ago

For everyone, right? Nobody works everyone just collects their 3k

[-] bluGill@fedia.io 6 points 3 days ago

For most of us reading this it is an obtainable retirement income. On the world stage if you can read this you are probably rich. A little bit of savings can get you 3k inflation adjusted once you reach "old age".

[-] ComradeMiao@lemmy.dbzer0.com 2 points 3 days ago

Of course on the world stage this varies per country but I agree that a big of savings can get you there by retirement, especially if done early.

In China a common goal is to save 140k USD then invest it and retire by one’s mid 30s living a simple life.

[-] bluGill@fedia.io 2 points 3 days ago

That would be achievable in the US as well - 140k US saved and living a "simple life". Those some people who try it go back to work in a few years because it turns out they value a more complex life. YMMV.

[-] sexy_peach@feddit.org 1 points 2 days ago

A little bit of savings? How much would you need to save per month?

[-] ComradeMiao@lemmy.dbzer0.com -1 points 3 days ago

Relax. If you max out your ROTH IRA every year until retirement that is possible (for the US).

this post was submitted on 18 Dec 2024

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