In New York City? With children? Nope. I agree with @AOC on that much. Once you've paid taxes and paid rent on a one-bedroom apartment, half of that is gone before you've even bought food.https://twitter.com/DrewSav/status/1200649177958637568 …
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Of course, there are very rich people who still work. But they don't work because they need the money, unless you define "need the money" by a particularly extravagant lifestyle.
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My dream is to be rich by your definition.
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Amounts to the same thing, if you count health problems rendering you unable to work.
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If you have a monthly budget, you are not rich.....
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Rich is "I don't need to make money, my MONEY makes money."
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For how long? A month? Forever? 20 years? There's a lot of variance there.
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Afford to stop working and stay I’m where you live? Or just move to Alaska and retire?
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The former. If you're pinching pennies to retire, you're not rich.
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This just shows how our definition of rich keeps on moving upwards. I remember when all it took to be rich was to be able to drop some pretty decent money on frivolous things. Now everyone feels that cell phones, HDTVs, and one car for every adult in the house, are basic living.
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