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I wonder if $1-$1m AU is the comfortbly poor here. Say a 500k house and 500k assets & off that 10% pa income, $50k pa Comfortably live a normal lifestyle on that, keep working if you like whatever, but you would not be able to emulate the rich of monaco whenever you like. this is wher...

I find that sad There's only 1 Michelangelo or Da Vinci or I dounno Elvis Presley, does that mena these few stars are the only ones who are good at what they do ? (Not teh best analogy) Those people are the, or at elas some of the richest... like saying strong is the the strongest man...

Others jsut s strongly view much less as 'rich'. I agree, I thnk the defintion of the word rich would imply mor thn you need to be content & I get the feelign tht' s hwts being described too, contentment. Me personally, I dont thkn $1k / week pssive income cuts it. But I hope shoudl I...

able to pay for a nice life as you wanted, or more. diffference is how one defnes nice and what level of richness may be required to fund it. flying first class and holidyaing at Bora Bor requires more than someone who's happy plodding roudn town, with their families etc.