Quote:
Originally Posted by gthal
Although $250,000 sounds like a lot of income to many, it depends on lifestyle. Couple of kids, $750,000 house, line of credit... all of a sudden not much of the $250,000 left. Now, if you are single with little debt then I say find another Porsche dealer who wants to sell a car!
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Well, if you make $250k, you are "rich" according to Obama. And let's keep it in perspective.....you are. You earn more than 95% of the US population.
If you earn $350,000 per year you earn more than 99% of the U.S. households and if you break the $1M per year mark, you are better than 99.7% of the U.S. households. That top 0.3% = 400,000 households which are concentrated in the Northeast corridor and California, with only spotty deposits in other locations.
This is why if you live in one of these locations, which many M3 owners do, you may not feel rich even though you actually are. Honestly, if you can comfortably afford a new M3, you are rich.