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Measuring Wealth
Quote From A Scholar, Educator and Millionaire Businessman:
“The real measure of our wealth is how much we would be worth if we lost all our money.”
How to Determine If You Are Wealthy From The Millionaire Next Door:
• Multiply your age times your realized pretax annual household income
from all sources except inheritance.
• Divide by ten.
• This, less any inherited wealth, is what your net worth should be.
Barron’s Rich Scale
“Beer and Pretzels” Rich: $2.15 million in invested assets.
“Fillet Mignon and Champagne” Rich: $4.5 million in invested assets.
“Yacht and Limousine” Rich: $19 million in invested assets.
“Really, Really” Rich: $41 million or better in invested assets.
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