What salary would I need to earn to be a rich 30 year old man?

[Anonymous]

Yearly salary in pounds.

50k or lower

80k

100k

120k

150k

200k

More

[WindAtMyBack]

Define rich?

However you define it, it's not about salary. It's about how much you save and invest. The person with 30K salary can get richer than someone with a 100K salary. I've literally seen people making minimum wage who might not have become rich on it, but they were well on their way. They saved enough for the interest to be a significant boost to their pay. On the other hand, I've worked with engineers who didn't have a dime.

You gotta save. That's what it's all about. It's a method that has been proven by millions of people. It works.

[JamesDiaz11]

First, people with a salary are not "rich." Entrepreneurs can become rich, but if you have a salary you are not rich. If you have several million in revenue per year, then yea, you're rich. I make over $100k, and I'm definitely not rich.

[jennifer_bloom]

If you're married, I would consider $70,000 to be a high income cause 2 people with that much money is $140,000 a year.

[Asker]

That sounds reasonable. What do you think of people saying a 30 year old man needs to earn more than 200k to be rich. Isn’t that kind of ridiculous?
Me personally I could probably earn 500k at that age only because of the help from my family

[jennifer_bloom]

I would say this is a cheetah and caterpillar situation. The caterpillar does not travel very far because the caterpillar eats his own food from his own labour. The cheetah can travel very far cause he does not earn his own food, he eats others for food. So you could say the caterpillar that eats 900 grams is rich while the cheetah that eats 90 pounds is poor. It's two different standards.

[Anonymous]

If you own your own home with no mortgage you are doing well. I remember a lot of people in finance that I was neighbours with that made big money lost their homes znd repo men took their porsches during the economic crisis. I lost my job too but I owned my house and had always bought modest cars. I had no debts. Worked a whole month flipping burgers, then construction and a whole series of low wage jobs and it was all OK because I had no debts and nobody could take anything from me.

[AimeeKyle]

Rich is a relative term…. It depends on your personal definition…. which is usually derived / developed from your upbringing/financial stability/region in which you live, work ethic, knowledge. And as inflation continues to soar, that number/brass ring will need to be higher.

My version of rich (or wealthy) has significantly change throughout my lifetime.

Long story short…. you don’t have to be wealthy to have a rich / enriched life.

[TheBigWhistle]

Being rich is not about what salary you earn. Being rich is about how much your net assets are. At that age, 1-2 million pounds would be rich. Below that amount, you're well off.

[Guy13]

1.25 million with one or two house payment debt only.

[Anonymous]

In general, a good salary range for a 30-year-old would typically be between $50,000 to $100,000 per year.

[Gibbons44]

I'm 44 years old. Was 30 14 years ago. There was no dot in that π.

[Sahsiyet]

There is no limit to wealth, but if you have a warm home and you are full, you are richer than most people.

[OddBeMe]

Not knowing means you will never know. Sorry.

[Anonymous]

Define "rich"