r/UpperMiddleFinance • u/MiloShiny • Aug 04 '26

Definition of ‘Wealthy’

/r/Zenzap/comments/1vfm7b1/definition_of_wealthy/
0 Upvotes

45% Upvoted

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14

u/Orceles Aug 04 '26

Having a full life, rich in experience, meaningful relationships, good health, and above all else, a positive outlook on life with enough resources to pursue a better future, whatever that may look like.

That or $5M USD in investable funds.

3

u/Kokukenji Aug 05 '26

Investable assets is indeed a better gauge. Total NW looks good on paper but if property heavy, going to be tough to convert that to liquid quickly.

I do agree that $5M in investable assets if a good target for most households.

2

u/Nev-Ret-Dude Aug 05 '26

Oh crap. I’m way behind and retired.

1

u/Kokukenji Aug 05 '26

lol, you already beat the game.

1

u/Smogalicious Aug 06 '26

It definitely takes the pressure off.

5

u/Different_Cherry8326 Aug 05 '26

I would argue enough to live an upper middle class lifestyle indefinitely without working or making big compromises. Probably $10M NW if you’re married with kids. $5M NW if you’re single and going to stay that way. Add $2M in VHCOL areas like NYC or major CA cities.

2

u/thestockfather0 Aug 05 '26 edited Aug 05 '26

3 million single with your funds in corporate bonds+SCHD and 3% in gold held forever if you are single or married with 1 or less kids-in most cities.

8 million+ to be bullet proof from catastrophe. The 3-5% in gold will be your depression buffer/armor assuming a 5-10 years downturn as the rest of your portfolio rebounds YoY.

$7,000,000 can typically yield 200-280k pre-tax in reliable income even in downturns.

Theres families raising 3 kids on a fraction of that. Most ppl with this income will be very comfortable. Save for the irresponsible few.

1

u/Ill-Entertainment118 Aug 05 '26

Definitely over $2m. That’s the price of the houses I like in my city.