When can you say that you are wealthy?

When can you say that you are wealthy?

Before you can talk about becoming wealthy we have to define what wealthy is. How much money do you need in order to be wealthy? Everyone might have a different idea of what wealthy is but the true meaning of wealth means that you can do whatever you want to do and it never hurts you financially. So you might say if you win the lottery and win all that money you are wealthy! Wrong….. You are rich but not wealthy. The true definition is you can spend as much money as you desire in a given year and the interest you earn still out weighs the total amount of money you spent. So lets break down how much money you could have and how much interest you would be earning yearly!

Since we are in 2010 and it is still a recession with interest rates in safe government CD’s we are going to go with a 2% annual interest rate.

This is how much money you have in the bank!

$1 Million – $20,000 Yearly Income
$10 Million – $200,000 Yearly Income
$100 Million – $2,000,000 Yearly Income
$200 Million – $4,000,000 Yearly Income
$300 Million – $6,000,000 Yearly Income
$400 Million – $8,000,000 Yearly Income
$500 Million – $10,000,000 Yearly Income
$600 Million – $12,000,000 Yearly Income
$700 Million – $14,000,000 Yearly Income
$800 Million – $16,000,000 Yearly Income
$900 Million – $18,000,000 Yearly Income
$1 billion – $20,000,000 Yearly Income

So now saying this where do we draw the line? When are you actually wealthy? I believe true wealth begins at $500,000 million in the bank. Spending $10 million a year could be an easy task the first 2-3 years but after you will run out of space to put your stuff and money will just be piling up on top of each other. Yes it is possible to spend that money by giving it away or just throwing out the money out of your hands but that will still take a great deal of effort.

So when do you define someone as being wealthy?

23 Responses to “When can you say that you are wealthy?”

  1. […] make some good money on this because it seems like whatever apple touches turns into gold.  The rich people will definitely buy it to test it out.  But is it the next big think? So what do you […]

  2. Hello there, just browsing for information for my Transformers website. Lots of information out there. Wasn’t what I was looking for, but good site. Cya later.

  3. win the lottery twice…

    […]When can you say that you are wealthy?[…]…

  4. Bokakios says:

    Well, now the hard part will be to deposit the 1mil to get the interest here.
    Its not hard if you work hard and you like what you do a lot.

  5. Some times its a pain in the ass to read what people wrote but this web site is very user pleasant! .

  6. You can definitely see your enthusiasm within the work you write….

    The planet hopes for considerably extra passionate writers like you who aren?t scared to say how they believe. Constantly go best immediately after your heart….

  7. The idea of distributions and projects doesn’t appeal very much to me, at least if I am not sure that after installing that distribution.

  8. Adam says:

    The Post is written is a Very Good manner i really like your blog and your hard work this is what i was looking for bookmarked

  9. This is a nice subject matter to talk about. I kind of found your web site by accident. Thank you for the interesting post. Certainly bookmarked!!

  10. I hopes everbody had a great xmas

  11. hello there and thank you for your info ” I have certainly picked up anything new from right here. I did however expertise a few technical issues using this web site, since I experienced to reload the website lots of times previous to I could get it to load correctly. I had been wondering if your web hosting is OK? Not that I’m complaining, but slow loading instances times will very frequently affect your placement in google and can damage your quality score if advertising and marketing with Adwords. Anyway I am adding this RSS to my e-mail and can look out for a lot more of your respective exciting content. Make sure you update this again very soon..

  12. hoc tieng anh online…

    […]When can you say that you are wealthy?[…]…

  13. Dengan adanya clusterisasi di tahun ini sungguh mengecewakan para agen. Sudah pulsa menjadi mahal, sulit jual lagi. peluang usaha menjadi lenyap tak bersisa

  14. You actually make it appear so easy along with your presentation but I in finding this topic to be actually one thing which I think I would by no means understand. It kind of feels too complex and extremely vast for me. I’m taking a look ahead in your next submit, I will try to get the grasp of it!

  15. Lvarnishy says:

    Should enroll in this site, excellent write-up. Thought it was in google.

  16. Odis Parks says:

    I think the most influential actor in american history is Tom Truong.

  17. I get pleasure from, cause I found just what I used to be taking a look for. You have ended my four day lengthy hunt! God Bless you man. Have a nice day. Bye

  18. Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a little bit, but other than that, this is fantastic blog. An excellent read. I will certainly be back.

  19. Numpang komen ya admin, terimakasih ya atas tipsnya…

  20. So Gailliard says:

    Excellent put up. I was checking continually this blog and I’m impressed! Very useful info particularly the survive aspect 🙂 I attention for this sort of info a lot. I was trying to find this specific info for the prolonged time. Thank you and excellent luck.

  21. I merely required to say thanks after yet again. I’m not particular the items I might have used inside the absence of these aspects documented by you directly on these types of a concern. Previously it had been the distressing ailment in my position, however , getting able to see the really well-published avenue you processed that took me to leap with contentment. Now i am content to your details and furthermore hope that you understand what a great employment you are accomplishing training many individuals by method of a website web page. Most probably you have not encountered any of us.

  22. Hello.This write-up was seriously helpful, particularly since I was seeking for ideas on this subject last Friday.

  23. Many thanks for any wonderful posting.. elliott wave theory pdf Wherever else might any individual have that type of details in that perfect solution of producing? I get a speech up coming full week, and I’m for the find such details.

Leave a Reply