How much money do you need to feel ‘rich?’

How much money do you need to feel rich?

Wealth is a subjective concept, but one thing is universal in most definitions: being able to live a comfortable life without having to work.

“I’d like to have enough money so my family and I wouldn’t have to work anymore or worry about the necessities, and maybe travel a bit,” said Deborah Veale, a Southern California resident visiting New York City.

Veale said she’d need about $10 million to consider herself set.

One woman from Seattle put it at a “couple thousand dollars a month.” Another from New York City wanted a billion (although she’d still fly coach.)

Experts peg the figure to be somewhere around $2 million to $12 million in savings.  Read More…

This article has 11 Comments

  1. Kendall Gourley

    @Brenda – That is so corny!

  2. Brenda McCormick

    As long as i have my family. I feel rich every day.

  3. Humberto Bateman

    Lol, how does one lose $300 million again? I recall that person losing $200 million in slots at a Vegas casino. Dude, your down $200 million…stop already! So funny that the casino just encouraged him to continue on. With the amount they raked in from him alone they could build another casino next door with cash alone. And all he gets is a complimentary breakfast.

  4. Imari

    The richer you get the more out of touch one becomes with real society. But then seeing as how everyone strives to want to be rich i guess this is an inborn thing with everyone.

  5. Dominic Clifton

    Your comment made me think of poor Mike Tyson or the countless other celebrities that lost vast fortunes because they had no self-control. For them not even $300 million was enough.

  6. Elian Wilkinson

    I agree $2 million is probably the minimum one would need to live off the interest for the rest of their lives. That is, unless you are dumb and spend, spend, spend.

  7. Stacey

    I have a friend that is a millionaire in his 60s but choses to live below his means because from what i gather he grew up with nothing and so when he got all the money in the world he saw no need to use it.

  8. Stanley Kinke

    Honestly, everyone is different. Some people have a need to live extravagently while others dont mind living below the poverty line

  9. Oisn

    I think men and women are different. Women look for men with financial security. Even if they dont realize it at a concious level from my experience they are more attracted to me who are well off. And it makes sense too because it gives their offspring a better chance of survival.

  10. Dejuan W.

    I’ll take $10 million per year for life, please.

  11. Benedict Gillilan

    Money isnt everything
    Just ask King Solomon.
    As long as one has God in their lives then nothing else matters.

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