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The definition of rich

Discussion in 'Investor Psychology' started by JacM, 12th May, 2016.

  1. JacM

    JacM VIC Buyer's Agent Business Member

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    Saw this today and thought it is quite relevant to our investing world.

    rich.jpg
     
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  2. Barny

    Barny Well-Known Member

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    Can't say I've ever invested in buckets. But she's cute
     
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  3. datto

    datto Well-Known Member

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    If you got a roof over your head, clothes on your back and food the table then that is rich.

    Any more than that is a bit rich. Some may consider it greedy.
     
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  4. Xenia

    Xenia Adelaide Property Manager Business Member

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    At that age, you would not care anyway :)

    wealth is what you have left even after you have lost all your money.
     
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  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Provided that the next photo isn't:

    [​IMG]
     
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  6. boeman

    boeman Well-Known Member

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    I'll consider myself rich once I paypass items on my card and don't get nervous while it processes.
     
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  7. EN710

    EN710 Well-Known Member

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    Somehow this question reminds me of china from SS...
     
  8. MTR

    MTR Well-Known Member Premium Member

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  9. See Change

    See Change Timing Lord Premium Member

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    She's got it by the bucket load ...

    Cliff
     
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  10. Azazel

    Azazel Well-Known Member

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    *Do not leave babies unattended in buckets.
    They can drown.
     
  11. joel

    joel Well-Known Member

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    Try tapping and walking away without waiting to see it say "Approved" ;)
     
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  12. Blueskies

    Blueskies Well-Known Member

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    Sure, I guess I would be content and happy owning the rolling country acreage in the background!
     
  13. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    So thats where babies come from...
     
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  14. Scott No Mates

    Scott No Mates Well-Known Member

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    Yup, usually aisle 2 at Coles or aisle 4 in Woolies (near the baby wipes).

    This one is from the organics range.
     
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  15. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    So there's a 50% markup
     
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  16. EN710

    EN710 Well-Known Member

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    Trying to remember what is in aisle 2 in my coles.... cereals?
     
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  17. bobbyj

    bobbyj Well-Known Member

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    This is such a good philosophical question that most of us redefine again and again as we go through life with changing goals and dreams.

    I think it's closely linked with happiness and most of the posts here seem to reflect on that.

    Being rich is about feeling content and grateful for everything you have.
    Whilst it's all relative, there are some simple things like health, good relationships, food and shelter, lifestyle. I don't think a dollar amount in the bank/offset/net worth will really make you 'feel' rich.
    Numbers are infinite and we've all tasted greed and hunger for more wealth (not that it's a bad thing). You can simply never have enough. I certainly don't feel rich when I add up my net worth and think to myself 'gosh it's so much work building up monetary wealth'.

    To answer the question though in context of Australian society: rich would be to have your own home, own your own decent car, go on overseas holidays, never worry about bills, have enough time to look after your relationships and health, and always have enough buffer to buy whatever you need.

    Anything extra is simply to keep up with or one up the Joneses.
     
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  18. alexm

    alexm Well-Known Member

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    Definition of rich is very subjective isn't it?

    From a monetary sense, I think anyone with a net worth over $10m would be rich but this is my opinion.
     
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  19. MTR

    MTR Well-Known Member Premium Member

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    Just throwing another question out there.... Does rich mean you are successful??
     
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  20. Perthguy

    Perthguy Well-Known Member

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