At what net worth do you think someone becomes rich?

[Jason Voorhees]

Title. For someone in their early 20s what would you consider to be "rich"

 

[grilldaddy❤️]

Anything over a mil

 

[davidlaidisme67]

i would say beginning at 200k imo

 

[Duke Archer]

10 million

 

[Jason Voorhees]

i would say beginning at 200k imo

Too low imo. 200K is nothing in some parts of the US

 

[Ogionth]

Title. For someone in their early 20s what would you consider to be "rich"

10K a month income = rich, in 20s

 

[davidlaidisme67]

10K a month income = rich, in 20s

exactly people really underestimate thats an amazing amount of income to recieve

 

[Jason Voorhees]

10K a month income = rich, in 20s

Like 10K hard cash after taxation?

 

[bourgeoizyzz]

I's say 10, because that's the territory where you're starting to be able to tell the world to fuck off

 

[Jason Voorhees]

exactly people really underestimate thats an amazing amount of income to recieve

Depends heavily on where you live imo.
@FaceandBBC

 

[Yliaster]

Rich a decade ago at 20 years old was around 100K like you were considered elite within this bracket.Today
in your 20's especially with Social Media seeing 2O year old Entrepreneurs with Lambos and Mansions obviously
the Overton Window has shifted a great deal and so "Rich" today would probably be somewhere in the 200 Million
range imo

 

[FaceandBBC]

exactly people really underestimate thats an amazing amount of income to recieve

Depends heavily on where you live imo.
@FaceandBBC

10k a month is really good if you live in the south. Not enough for places like Cali, NY, Washington, etc.

 

[Jason Voorhees]

10k a month is really good if you live in the south. Not enough for places like Cali, NY, Washington, etc.

Indeed. In bay area many decent sized houses start at $3M

 

[Jason Voorhees]

@isis_Bleach

 

[Jason Voorhees]

@MANLETprettyBOY

 

[SeiGun]

if you have 100k cash at early 20s you are rich

 

[Schizomogger]

Having 100k+ annual salary already puts you in the top 1% worldwide. Upper middle class american = rich worldwide

 

[Ogionth]

Like 10K hard cash after taxation?

yes.

 

[Jason Voorhees]

Having 100k+ annual salary already puts you in the top 1% worldwide. Upper middle class american = rich worldwide

Globally yes but outside of U.S. companies you’re not going to see those kinds of salaries. I make over $100k myself and still don’t feel rich. When I applied to companies in the UK like LSEG and Bloomberg even their top-end offers were nowhere near U.S. pay levels. @imontheloose

 

[imontheloose]

Globally yes but outside of U.S. companies you’re not going to see those kinds of salaries. I make over $100k myself and still don’t feel rich. When I applied to companies in the UK like LSEG and Bloomberg even their top-end offers were nowhere near U.S. pay levels. @imontheloose

View attachment 4000422

What offer did LSEG give you?

 

[Yliaster]

Rich is being able to buy Luxury Cars off the lot no down payment etc you not doing that with 100K like people
in the replies are saying

 

[Jason Voorhees]

What offer did LSEG give you?

£60k they stick to their grad scheme ranges The bigger pay jumps seem to haplen after a few years of experience or moving to more senior positions but even then they get dwarfed by US salaries.

 

[Jason Voorhees]

Rich is being able to buy Luxury Cars off the lot no down payment etc you not doing that with 100K like people
in the replies are saying

That is what even I'm saying.

 

[Yliaster]

100K - 10 Million is Middle to Upper Class

Rich starts at around 100 Million this is where you begin living effortlessly

Wealthy is basically set for life at this stage you exist and just inherit stuff

 

[Jason Voorhees]

100K - 10 Million is Middle to Upper Class

Rich starts at around 100 Million this is where you begin living effortlessly

Wealthy is basically set for life

$100M feels a bit over the top. I’d say in today’s terms, being “rich” in your 20s would probably start somewhere around $30-40M or more still way beyond what most people will ever see, but not quite billionaire territory.

 

[Copercel]

Title. For someone in their early 20s what would you consider to be "rich"

when he’s in peace with himself.

 

[imontheloose]

£60k they stick to their grad scheme ranges The bigger pay jumps seem to haplen after a few years of experience or moving to more senior positions but even then they get dwarfed by US salaries.

Yes. They know they get taken advantage of for a year or two. Pump ‘n’ dump basically. US salaries are numerically always going to be more appealing.

 

[Jason Voorhees]

£60k they stick to their grad scheme ranges The bigger pay jumps seem to haplen after a few years of experience or moving to more senior positions but even then they get dwarfed by US salaries.

@Saint Casanova

 

[Jason Voorhees]

Yes. They know they get taken advantage of for a year or two. Pump ‘n’ dump basically. US salaries are numerically always going to be more appealing.

A lot of UK grad schemes work like that. They bring you in at a relatively low salary, knowing you'll tolerate it for a year or two to build experience and get a big-name company on your CV. After that, many people either negotiate hard or jump ship to somewhere paying market rate

 

[imontheloose]

A lot of UK grad schemes work like that. They bring you in at a relatively low salary, knowing you'll tolerate it for a year or two to build experience and get a big-name company on your CV. After that, many people either negotiate hard or jump ship to somewhere paying market rate

Latter is much more popular. My brother did this (29).

 

[Jatt]

10k a month is really good if you live in the south. Not enough for places like Cali, NY, Washington, etc.

alot of people move to Thailand etc after hitting 10k a month if they earn online

 

[crazed]

if its not over 5m your not rich almost 10% of americans are millionaires

 

[Jason Voorhees]

Yes. They know they get taken advantage of for a year or two. Pump ‘n’ dump basically. US salaries are numerically always going to be more appealing.

I talked to UKcel and he told me £60k is very decent even for london posh areas unless I go to some ultra rich area like Richmond or Chelsea or something

 

[crazed]

your not keeping a stacy by beta buxing with 1 million dolars over 5 years.

 

[chadhamed]

1 m

 

[crazed]

1 m

nope you cant even surive a lifetime with that in america

 

[FaceandBBC]

alot of people move to Thailand etc after hitting 10k a month if they earn online

This is a smart option. You'll live like a king over there making 10k usd a month.

 

[crazed]

1 m

average american spends 3.3m in there lifetime soo if you dont geo max that money aint lasting

 

[imontheloose]

I talked to UKcel and he told me £60k is very decent even for london posh areas unless I go to some ultra rich area like Richmond or Chelsea or something

Decent. Not sure about posh areas in London, but it is pretty decent, indeed. You’d live in a middle-class area.

 

[Jason Voorhees]

Decent. Not sure about posh areas in London, but it is pretty decent, indeed. You’d live in a middle-class area.

More vacation, free food and 3 days office sounds good tho

 

[imontheloose]

More vacation, free food and 3 days office sounds good tho

Definitely. It depends on how you like your job to be structured and your environment really.

 

[Jason Voorhees]

@Swarthy Knight @pope

 

[Jason Voorhees]

Definitely. It depends on how you like your job to be structured and your environment really.

The taxes are also higher tho. UK is like the place you go to retire tbh.

 

[imontheloose]

The taxes are also higher tho. UK is like the place you go to retire tbh.

Cope. Colleague of mine pays 1% NI and HMRC haven’t gave a flying monkey.

 

[Swarthy Knight]

Selected $10-100 mil but it's irrelevant tbh, net worth is kinda cope. How much you straight up earn that's actually spendable is what matters imo. But maybe I'm being short sighted

 

[Jason Voorhees]

Cope. Colleague of mine pays 1% NI and HMRC haven’t gave a flying monkey.

I don't understand it fully but that only happens in very niche tax code situations

 

[Jason Voorhees]

Cope. Colleague of mine pays 1% NI and HMRC haven’t gave a flying monkey.

I looked it up apparently 1% NI isn't a standard statutory rate for employees. What is happening

 

[imontheloose]

I don't understand it fully but that only happens in very niche tax code situations

No idea how they’ve calculated it wrong. This isn’t something done by humans. I pay multiples more a week than he does a month.

They would have had to somehow have gave him the tax code of a widow or something.

 

[imontheloose]

I looked it up apparently 1% NI isn't a standard statutory rate for employees. What is happening

It’s around 1%. 1.85% is the available one I can imagine it being.

 

[Jason Voorhees]

No idea how they’ve calculated it wrong. This isn’t something done by humans. I pay multiples more a week than he does a month.

They would have had to somehow have gave him the tax code of a widow or something.

It’s around 1%. 1.85% is the available one I can imagine it being.

Anglo cunningness