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Author Topic: How do you define rich?  (Read 3814 times)
ecnalubma
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May 05, 2021, 06:17:19 PM
 #181

I will consider myself rich if I able to provide my family what they need, the basic things, having a house, car for transportation and decent business is enough for me. Rich has different meaning to individuals but it depends on what level you are contented with.
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May 05, 2021, 06:28:05 PM
 #182

Truly rich involves more than money.

For me a solid life companion. = A good wife.
Really good health for the two of us.

Those two above can be had and are more  important to me than $$.
Without them I would not think of my self as rich.

So let us say I have them both a  good wife and  GOOD HEALTH for  the 2 of us.

NEXT would be at least ½ dozen really good friends
and 12 or more good relatives.     I do have some good friends and relatives.



Next would be no terrible friends or neighbors or relatives.  This is hard for most of us. I suffer from some bad friends ,neighbors and relatives.

But if I had solid money I can avoid the bad neighbors friends and relatives.



what is solid money for me 10 million and for my wife 15 million would be more than enough for me to think I was rich.

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May 05, 2021, 06:31:59 PM
 #183

Yea, to me being rich, is  a state where you can afford anything you wish to have and you dont have any issue {spiritual or physical} stuff to deal with i.e in a state of fulfillment..... mind you,  that it  doesnt neccessarily mean that you have so much in your bank account because not everyone who has acquired a lot of money can at same time solve their problems.
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May 05, 2021, 08:34:06 PM
 #184

How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
In general, the meaning of being rich is having a lot of money, whether you have 1000 bitcoins or 100 bitcoins it has made you rich,
but there are also levels of rich, you know elon musk? yes elon musk is the number one richest person in the world, and look at the influence in the crypto world !,
just making tweets of the crypto currency has increased, haha very easy to get profit right?

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May 05, 2021, 09:41:38 PM
 #185

I define someone as rich not by their current financial stature, or how much they earn on a daily or monthly basis, but on how good they can recover after a loss. Most "rich" guys that we know eventually empty their bank accounts within 2 generations because what they have most in money, they lack in proper financial management. A real rich person will find a way to get 100k after losing 10k. And that's how successful people in the world thrived.
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May 05, 2021, 10:03:15 PM
 #186

I think rich in knowledge, of material wealth, money, freedom... is called rich. Rich is when you have a lot of money, eat luxury food. You buy expensive stuffs. You travel all over the world. You have profound knowledge, understanding of many fields. At that time you are really rich.

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May 05, 2021, 10:40:48 PM
 #187

In my opinion you are rich when you can sustain yourself indefinitely and provide for your family.

The main difference between the average people and the rich is that rich people don't count money every time they want to buy something. They don't negotiate with their family members.

In most families and probably also in your family when a child wants a new computer you talk about it, check for the cheapest places to buy, ask what specs the child wants and think where you can do cuts to save money. Maybe a cheaper graphics card? Maybe a smaller drive?

It's the same with houses, cars. You think and talk about it. Do you really need 4x4 or some luxury feature like a sun roof or leather seats?

Rich people just buy things they like. If you see that thing you like in the store and can get it every time, you're rich.
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May 06, 2021, 12:12:02 PM
 #188

I think rich in knowledge, of material wealth, money, freedom... is called rich. Rich is when you have a lot of money, eat luxury food. You buy expensive stuffs. You travel all over the world. You have profound knowledge, understanding of many fields. At that time you are really rich.
I suppose one of the most important and good definitions of wealth is becoming wealthy in knowledge, because if you have the wisdom and knowledge, you will undoubtedly become wealthy in the future if you used it correctly.

Luxury items do not necessarily indicate that you are rich since they may not have come from their own wallet. But, to be honest, being wealthy means you're financially secure and won't run into any problems.

There are a lot of fake rich people out there right now, flaunting their wealth while actually relying on other people's income.
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May 06, 2021, 12:53:34 PM
 #189

in general, rich people are people whose lives are comfortable because they have a lot of money, so that any wish can be fulfilled. By using branded goods, they seem to occupy the top social status. but there are also rich people who are low profile, but from all of these good asset management will prevent poverty

This might be true in some cases, especially for the newer rich people. Having branded luxury good is usually a way to signal to others that you made it in life and that you have a lot of money. But what I noticed from the super rich is that they don't really care about these brands. For them it is more important to have functional things that help them in their daily life. Sure they have nice houses and nice cars but don't really want to show off, and are more interested in privacy and secrecy.
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May 06, 2021, 04:03:57 PM
 #190

In my environment, I should say that being rich has to be associated with power. You’ll never be rich without the power to keep your wealth consistently. Being rich also has to be consistent. You wouldn’t want to be a one day millionaire.

You can always have a million dollar on your bank but that wouldn’t guarantee you becoming rich in the long run. And in order to do that, you have to make sure you have enough cash flow at the point where you don’t need to work and you still earn while you sleep. Not just earn enough but earn more and it has to be in in growing curve.

But honestly, being rich for me is rich with Finance, Friends, Family and Spiritual. If I have these all at peace consistently? I don’t think I have to earn more than I could spend.

Money is always there if you know how the process and systems works. You will never ever lose a cash if you know the trick. So I guess, I should focus on building my relationships with my friends, family and myself. Freedom and inner peace is more important than anything in this world.

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May 06, 2021, 05:26:13 PM
 #191

In my environment, I should say that being rich has to be associated with power. You’ll never be rich without the power to keep your wealth consistently. Being rich also has to be consistent. You wouldn’t want to be a one day millionaire.

You can always have a million dollar on your bank but that wouldn’t guarantee you becoming rich in the long run. And in order to do that, you have to make sure you have enough cash flow at the point where you don’t need to work and you still earn while you sleep. Not just earn enough but earn more and it has to be in in growing curve.

But honestly, being rich for me is rich with Finance, Friends, Family and Spiritual. If I have these all at peace consistently? I don’t think I have to earn more than I could spend.

Money is always there if you know how the process and systems works. You will never ever lose a cash if you know the trick. So I guess, I should focus on building my relationships with my friends, family and myself. Freedom and inner peace is more important than anything in this world.
Of course, you put everything on the shelves and presented enough understandable thoughts about wealth and a rich person. But based on this, it can be understood that each person has his own understanding of wealth and a rich person. For one person, the word wealth may contain that financial amount of security that allows him to live comfortably and not deny himself anything, given a healthy
and a joyful family and a good family home. And for some, wealth includes not only huge bank accounts and assets, but also power in certain circles or in the state in general.

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May 06, 2021, 06:50:13 PM
 #192

I will consider myself rich if I able to provide my family what they need, the basic things, having a house, car for transportation and decent business is enough for me. Rich has different meaning to individuals but it depends on what level you are contented with.
- Our satisfaction always increases exponentially, maybe when we have nothing, dreams will be very small but after completing the first dream, we will be more advanced in the next dream and everything will continue until our life ends, some will like being rich in one way but someone else will like to be rich in another, depending on what they own, they have different goals, but in general, all of them will lead them to the richest possible level, satisfaction is a system with no end points


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May 07, 2021, 06:25:36 AM
 #193

If Rich in the view of others is to have money or property that is unlimited and will not run out for seven generations, but for me it is enough only financially and is able to meet daily needs and have enough savings for old age.
because if you have enough money like the list of the richest people in the world it will never be enough if we can't be grateful.

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May 07, 2021, 08:17:07 AM
 #194

How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Rich defined about what you are having in value and not what you have in speculative .

If you have Holding Bitcoin then you are not totally rich because there is a opportunity that the value will fall.

But if you converted your coins to fiat then that will prove about your wealth in life.









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May 07, 2021, 09:21:40 AM
 #195

- Our satisfaction always increases exponentially, maybe when we have nothing, dreams will be very small but after completing the first dream, we will be more advanced in the next dream and everything will continue until our life ends,
if you have nothing you will crave for many things but if you have something the craving for things will decrease .
its a waste of money to have the latest model and if your device can run the basic thing that you need , thats a sign to be contented .

Quote
some will like being rich in one way but someone else will like to be rich in another, depending on what they own, they have different goals, but in general, all of them will lead them to the richest possible level, satisfaction is a system with no end points
thats two kinds of being rich . one is to stay simple and humble if he met his goals of being rich but the other will strive more to become rich in another level . i will choose the first one because its tiring if you dont have a contentment in life . you cant enjoy your money
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May 07, 2021, 10:13:40 AM
 #196

I will consider myself rich if I able to provide my family what they need, the basic things, having a house, car for transportation and decent business is enough for me. Rich has different meaning to individuals but it depends on what level you are contented with.
You are right and the Key word here is Contentment. When you look around you, you would notice different level of people with different level of finance but some above your level financially might still be complaining every day about their money not being enough while you are just comfortable with what you have. So first of, if you are not contented with what you have an live according to that, you will always see your self as poor while the even lesser financial person will always see himself as rich because he can live according to what he has.

Even the Richest people in this world are still looking to make more money.
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May 07, 2021, 02:15:03 PM
 #197

I will define rich as been able to conveniently without any stress provide for your basic need of life. When you have money and properties accrued to you. This is just the presence of money, this is synonymous to be wealthy.

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May 07, 2021, 09:37:51 PM
 #198

How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Richness can be seen in another perspective like something that is equal to the tax, from another definition of richness is a process of providing shelter, feeding properly, giving out some gifts, showing appreciations to people who are equal or less privilege, such as paying school fees to whom it may concern, so this idealogy of richness is a personal suggestions.

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May 07, 2021, 09:45:39 PM
 #199

How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Richness can be seen in another perspective like something that is equal to the tax, from another definition of richness is a process of providing shelter, feeding properly, giving out some gifts, showing appreciations to people who are equal or less privilege, such as paying school fees to whom it may concern, so this idealogy of richness is a personal suggestions.
Its just a part if someone does have the intent on doing so but majority of those rich people wont really be wasting up their money into those charitable actions which is really sad.

They do only think on how they would accumulate even more money.So this kind of thing is a bit questionable because not all rich people would really be ending or considering this kind of idea.

Defining rich is literally talking into those people who arent much affected in terms of financial.They have the capacity when it comes to investment and other transactions that involves money.

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May 08, 2021, 02:15:27 AM
 #200

How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Richness can be seen in another perspective like something that is equal to the tax, from another definition of richness is a process of providing shelter, feeding properly, giving out some gifts, showing appreciations to people who are equal or less privilege, such as paying school fees to whom it may concern, so this idealogy of richness is a personal suggestions.
the greater the wealth of assets owned, it is directly proportional to the amount of state tax that must be borne, from this it can be revealed the amount of a person's total assets. in terms of material needs, I think rich people have no difficulty

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