Comments on: Are You Rich or Poor? Even the Experts Couldn’t Tell You. http://www.businesspundit.com/are-you-rich-or-poor-even-the-experts-couldnt-tell-you/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 03 Feb 2012 07:09:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gastarbaiter http://www.businesspundit.com/are-you-rich-or-poor-even-the-experts-couldnt-tell-you/comment-page-1/#comment-30355 Gastarbaiter Thu, 23 Dec 2010 09:57:45 +0000 http://www.businesspundit.com/?p=4694#comment-30355 2Dips, Correct me if I'm wrong, but being healthy, good looking and tough but not rich guy you can still have something that even the rich people really really wanted. There are many examples. How about spending a cristmas party in the space? How many rich people have the proper health condition to go out the space? and many more... 2Dips,
Correct me if I’m wrong, but being healthy, good looking and tough but not rich guy you can still have something that even the rich people really really wanted. There are many examples.
How about spending a cristmas party in the space? How many rich people have the proper health condition to go out the space? and many more…

]]> By: Dips http://www.businesspundit.com/are-you-rich-or-poor-even-the-experts-couldnt-tell-you/comment-page-1/#comment-8067 Dips Wed, 20 Aug 2008 12:57:36 +0000 http://www.businesspundit.com/?p=4694#comment-8067 Why even look at absolute incomes? A definition that would fit any country would be: - Rich is when you can afford luxuries on your *debit card* unthinkingly, any time of the week/month/ year. - Middle class is when you 'indulge' in the luxuries after some thought of your budget, probably in a certain time of the month/ year. - Poor is when you dont even care about the luxuries. Luxuries are things you buy/ take services from, on the basis of whim, and want and not because of need or as a special thought. If you can buy a Gold Omega because you want to, you are rich; if you plan the purchase and it will be something youve really really wanted, youre probably middle class; if you look at it as something unattainable and out of bounds, well, you are poor. Why even look at absolute incomes?
A definition that would fit any country would be:
- Rich is when you can afford luxuries on your *debit card* unthinkingly, any time of the week/month/ year.
- Middle class is when you ‘indulge’ in the luxuries after some thought of your budget, probably in a certain time of the month/ year.
- Poor is when you dont even care about the luxuries.

Luxuries are things you buy/ take services from, on the basis of whim, and want and not because of need or as a special thought.
If you can buy a Gold Omega because you want to, you are rich; if you plan the purchase and it will be something youve really really wanted, youre probably middle class; if you look at it as something unattainable and out of bounds, well, you are poor.

]]> By: Lord http://www.businesspundit.com/are-you-rich-or-poor-even-the-experts-couldnt-tell-you/comment-page-1/#comment-8047 Lord Mon, 18 Aug 2008 20:48:19 +0000 http://www.businesspundit.com/?p=4694#comment-8047 It isn't even apparent their answers are that different. Obama used income; McCain may have meant wealth. Using a 4% safe rate, $5M would provide $200K in income, actually lower than Obama. It isn’t even apparent their answers are that different. Obama used income; McCain may have meant wealth. Using a 4% safe rate, $5M would provide $200K in income, actually lower than Obama.

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