One of the biggest debates among people, both in personal and professional circles, is how much money one needs to be classified as “rich”. To some, it may simply mean having enough to afford the basics. For others, it might involve more complex criteria for maintaining a certain lifestyle that requires you to have an unlimited bank account.
This can be a difficult topic to decipher due to everyone’s individual opinions – but no matter where you fall on the spectrum of wealth accumulation, there are several perspectives worth exploring when considering what constitutes being “rich”.
Most of us have a vague understanding of what it means to be rich. Generally, we know that the definition of richness isn’t the same for everyone, and depends on factors like location, income level, and lifestyle choices.
IN THIS EPISODE, YOU’LL FIND OUT…
- The 4% rule of wealth (01:00)
- The comfortable ‘poor level’ of the wealthy (02:59)
- What does it mean to be comfortably off? (05:23)
- How much does a comfortably wealthy person have? (06:46)
- What does it take to be comfortably rich? (09:05)
- How rich is rich? (11:26)
QUOTES
“At the end of the day, all we’re doing is playing the game of business and finance.” -Carl Taylor
“What is rich to me is a really valuable self-reflection, and I encourage you to do it too.” -Carl Taylor
WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter
Like this episode? Have topics that you would like us to discuss? We’d love to hear your feedback and comments. Let us know by leaving a comment below.