Rich is paying your bills and getting to the end of the month and still be able to go in a store and buy whatever without having to check your check book to see if you have the money to cover it
I so agree!
Rich is not being tense on payday. Rich is having cash after your monthly obligations are paid. After your expenses, anything extra becomes your wealth. When you get back from a nice vacation and not being welcome to a bunch of debt and bills.
We all know Rich can be relative. If you make $100,000 and your peers make $50,000 or less a year well you are rich. If you make $100,000 and your peers make $250,000 you will feel poor. It is simply a state of mind. You will never feel rich when you compare to people that have a higher income than you.
We as Americans tend to compare ourselves with neighbors, peers and friends
There‘s no single cutoff point that defines “rich” …technically
It’s up to you to define it for yourself. It’s never an exact amount of money. It’s when your assets (what you own) is much higher than your debts (what you owe). I want to not worry about bills and who I owe debt to. I want to a little freedom, a little cushion, a little less stress. I don’t want to ever run out of money. I don’t want to be average either. I wanted enough cash to not be living paycheck to paycheck. I took all my risks in my 20s: college, struggling, dead end jobs, failed businesses, not owning a car etc. Once I reached 30, I wanted a different world each risk educated me and taught me the path of prosperity. So it was all worth it!