How Much Money is “a lot”
I was asking a few people today at what salary do you consider someone to be making “a lot” of money. I am not asking for any specific reason, I am just curious what people actually think is high salary wise.
The most common answer is “it depends”. Most people want to qualify what they think is a lot of money. You get responses like, “what is a lot for one person is not for another” or “it depends on what your expenses are”. I get all of that but I am really want people to ignore all of that. Just think of it from your perspective. At what point, if you hear what someone makes, do you say to yourself, “That person makes a lot of money”.
For me, that number is around $250,000, right at the Obama definition. But I get my view might be skewed. What do you think?
Work, Save, Invest. This is the formula for a successful life. I have used it to make a good life for myself and I hope I can share my thoughts and experiences to help you in yours.
When I hear a lot of money for normal jobs (not a sports star or Hollywood celebrity), I assume $100K or above… which is probably how the Ladders got started.
Over $200K is a lot of money, in my opinion.
I’d say half a million.
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