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View Diary: Making it work on $250k/yr (90 comments)

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  •  so how do you define someone who, for example, (0+ / 0-)

    runs a business or organization that COULD run itself but that they still administrate? And that person's business earns, say, 10 million a month?

    I'd call that rich. Even though there's still "skin in the game" and your still have to work.

    If I had, say, 5 million dollars, I would never need to work again. Ever. Even if I had no investments. Would I be rich? And  what if I was working and earning 5 million a year? Is that rich?

    For the record, I am not a member of Courtesy Kos. Just so you know. Don't be stupid. It's election season. My patience is short.

    by mdmslle on Tue Dec 11, 2012 at 04:03:21 AM PST

    [ Parent ]

    •  *Have to work to provide a decent living (1+ / 0-)
      Recommended by:
      mdmslle

      was the key there, I think.

      I challenge you to find TWO companies that have consistently profited $120million a year. where there's ONE owner.

      •  well incidentally, I know someone like that. (0+ / 0-)

        If fact I know a couple someones like that.

        One is a internationally renowned dermatologist who has a few NYT best sellers and his own skin care line blah blah...his company, last I checked, was doing about 150 million a year. It's not publicly traded. He owns it.

        The other owns a few gas stations (30 or so). Again, not publicly traded. His. And his own brand in fact. He does 12-15 million a month.

        I know these people personally.

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