Post
Topic
Board Economics
Re: How do you define rich?
by
lumierre
on 04/08/2021, 14:27:34 UTC
How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?

The sum of money differs from person to person. To my mind, richness means financial independence. When you don’t need to work and your passive incomes provide you with necessary money. Everybody can calculate how much he spends every month and then if he earns the same sum of money from his investments, it means that he is rich. Your passive income can come from the stock market, crypto market or maybe from bank deposits, the main thing is that they must cover your expenses.