How long does it take the average person to become RICH

$2M in US and happy days for sure, but it will also be dependent on what State, at least there are 52, you have choices. Quite frankly I could quite easily live in Charleston, Atlanta, South Carolina, Florida, Dallas, Portland, standard of living is great and luxury vehicles at half the price... nice.

 

Why is that ridiculous?

 

Assuming that is gross before tax, living in Sydney with a family, it actually isn't that crazy.

 

Agree. Totally different ball game for Sydney folks with kids on board. That'll be another 10 yrs or so on the treadmill then. Ouch!

 

Me too. Could happily spend at least half the year there. Esp if I could take my pooch, but that's not going to work.

 

Lots of options mix business with pleasure, can go the Rockies, Mexico, Canada

My partner will be going over in May for a couple of months, the plan is next year I may be spending 6 months of the year in USA. Pretty excited really, its cheap as chips, in comparison Perth is so expensive

 

Yes, very exciting. Agree it's mega cheap. We're doing another US home exchange later this year in Phoenix area. Love Vegas and Canyon areas, National Parks out west. Florida's not bad either

 

Brilliant, never been to Vegas, must do it

 

Hmmmm.....$1m net is not rich.....I had this about 9 years ago.......but very interesting very people become rich under 27 years..

Also what is the definition of rich $1m...$2M...$5m ...$10m net?

Oh...as for "What would Carrie Bradshaw do?"....she buy another pair of Manolo's or Louboutins of course!

 

I think you need @ $5 million NET to be able to ignore calls and emails and do as you please....

Maybe 4

 

Haha.... what about Mr Big

 

Haven't you heard "sisters are doing it for themselves" ? ..in relation to wealth of course...

 

But the average person wants to be rich just like they want to be healthy and intelligent and talented and have deep meaningful relationships.

The "average" person does not want to put in the effort to be at optimal health, increase their talent, relate to other people better or become rich because all these things take a LOT of effort, time and understanding above what the average person will see on TV, learn at school or learn in the media.

The average person wants a blue print of exactly what to do in an easy step by step fashion.

But all things things, wealth, health, relationships (yes they are all related), are derived not from media or formal education but from a deep connection to self, mindeset and self education - the journey is not easy and the average person, although they want them, can't have them.

Don't be average!

 

But...but..bu..Xenia.......I am great at being average.......

 

Ha ha
You are anything but average Mr Sash.

 

I was wondering when someone would explain the difference between wealthy and rich which was something I learned at a young age. My music tutor corrected me when I would use he term "rich" loosely to talk about anyone who had a bit of money. He said people like the Queen are rich, nearly everyone else with lots of money are "wealthy" at best but not rich.

 

Health is most important

 

That assumes resi portfolio. Anyone with that much to invest would be nuts not having it in commercial

 

I could be wrong but I think most property investors start with resi and then perhaps move onto commercial or develop property or

Sell resi to also hold large portfolio of shares

 

I do know a few where the parents did the hard yards with blocks of units initially then moved into development of commercial. The kids have continued in development well before they bought any residential at all.