Are you really looking for a dollar amount or are you looking for the REAL answer?
Being rich and feeling rich are subjective to each person.
One person may feel rich because they earn enough money to live the life they want, simple and secure.
Another may “be rich” with an annual residual income over $500 000 so they have enough o give to their favourite causes. And others may still not feel “rich” when they earn a million or more because they “have to work for it”
Have you seen the statistics? A person wins the lottery and “gets rich” and loses it within 5 years? Were they ever really “rich” or did they just “win some money”.
A Google search resulted in this:
Definitions of rich on the Web:
* possessing material wealth; “her father is extremely rich”; “many fond hopes are pinned on rich uncles”
* having an abundant supply of desirable qualities or substances (especially natural resources); “blessed with * a land rich in minerals”; “rich in ideas”; “rich with cultural interest”
* of great worth or quality; “a rich collection of antiques”
* fat: marked by great fruitfulness; “fertile farmland”; “a fat land”; “a productive vineyard”; “rich soil”
* deep: strong; intense; “deep purple”; “a rich red”
* very productive; “rich seams of coal”
* high in mineral content; having a high proportion of fuel to air; “a rich vein of copper”, “a rich gas mixture”
* suggestive of or characterized by great expense; “a rich display”
* containing plenty of fat, or eggs, or sugar; “rich desserts”; “they kept gorging on rich foods”
* full-bodied: marked by richness and fullness of flavor; “a rich ruby port”; “full-bodied wines”; “a robust claret”; “the robust flavor of fresh-brewed coffee”
* pleasantly full and mellow; “a rich tenor voice”
* rich people: people who have possessions and wealth (considered as a group); “only the very rich benefit from this legislation”
* ample: affording an abundant supply; “had ample food for the party”; “copious provisions”; “food is plentiful”; “a plenteous grape harvest”; “a rich supply”
So what does it REALLY mean?
I teach my clients how to “feel rich” and therefore “be rich”. Having a full life, a harmonious life is the “feeling” of being rich. Having the money to be, do and have all that they want is the act of “being rich”. Even money is “relative”. Suppose someone works so hard and they earn $300 000 a year, but never spends time with their kids, is that “rich”? What about a person who spends all their health to gain their wealth and then in the end spends their wealth to try to regain their health, is that rich?
If your wants and needs are met, if you are living the life you desire and you want for nothing; if your kids are happy and you are happy; and if you can wake up each day with a woo hoo attitude…then you are rich.
But that is just my humble, family focused, opinion.