How rich is rich? If you wanted to stop and ask yourself what is rich? What is wealth? The answer may surprise you. The situation you are in will determine that constitutes rich, wealth or high income. Use this as a guide or outline to check where you stand or where you wish to be.
How much money do you need to be rich? According to respondents of a 2019 Modern Wealth Survey from Charles Schwab, once you have $2.3 million in personal net worth, you can call yourself wealthy. On the other hand, people responding to a 2019 survey from the market research website YouGov said you need to earn just $100,000 a year to be rich.
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