How much money should someone have to be classified well off?

[sw1916]

How much money would you say someone needs to have saved to be well off

[Sonorous]

According to andrew tates "Hustlers University," it's having at least 5 grand in the bank 💀

[MCheetah]

Don't tell me you take that dipsh*t seriously.

[Sonorous]

@MCheetah - I use the skull emoji to represent cringe

[MCheetah]

I did not know the skull emoji now meant cringe.

[Sonorous]

I always thought of it as an embarrassing/cringe type of laughter

[Paul09]

I'm not sure for others. But for me like around 100k. To be able to be worry free. Not to worry if bills are paid. To be able to go on vacation when ever I want. To be able to repair , maintain car. Renovate easily. I do t need super fancy "things". I more about experiences.

[jennifer_bloom]

$80,000 a year is good money and $300,000 a year is very good. Average is $50,000 to me. As for net worth, I say, either two properties, or one big property with at least $100,000 in savings.

[dustybiker]

All their bills paid, including home and auto. And say $100,000 in the bank.

[sw1916]

What would u say is the percentage of people who actually have achieved that?

[dustybiker]

@sw1916 It was random thoughts.
And really life could still hit the dirt in that moderately wealthy situation with a sudden serious enough medical condition and alternate treatment options, travel, etc. needed.

[sw1916]

No I’m seriously asking what do you think is the percentage of people who achieve that are?

[dustybiker]

How could I know that? Most people keep finances private.

[MCheetah]

I'd say $100,000 to be well off or $50,000 saved if you're working class. $120,000+ to be wealthy. And at least half a million to be rich.

[HighValue]

Have their house paid off and have $1,000 plus spending money each month after all living expenses.

[exitseven]

I used to think if you had a million dollars you were rich. Now I think it would take more than that.

[Keepitreal007]

Well off can mean many different things to people. For me its not having to work anymore. I have enough in the bank or residual income coming in that I don’t need a day job anymore.

[SlothySlob]

It's not about how much you have, it's how much you make.

[jamesgoldman]

Well Felix Dennis wrote of it that the 'comfortable poor' were worth 1-2million

I think standardly that would cover it

[Sknxbc]

That’s a very hard question to add. Depends on everything, your age, where you live what your financial setup is

[jshm2]

More than they can spend

[Adam_INTJ]

Does Amaxon have a spend limit or something?

[ArtemisSilver]

It differs from place to place.

[maximumpower]

$1.5 mil.

[Dinosaursandanime65]

Enough

[Jouth]

$700