Travie McCoy's hit song, "Billionaire," describes what the singer would do if he had a billion dollars: adopt lots of children, give away several Mercedes, revitalize New Orleans and fix the economy, among other feats. The song spent 20 weeks on Billboard's Hot 100 chart, peaking at No.4.
Setting aside the fact that a billion dollars wouldn't come close to cleaning up after a natural disaster or getting the economy pumping again, the song sends the message that it takes a billion dollars if you really want to make a big difference.
A million dollars might not even buy you a house in one of America's 10 most expensive cities for real estate, according to MarketWatch. The most expensive city on the list, Newport Beach, Calif., had an average list price of $2.5 million for a four-bedroom, two-bath home, while the least expensive on the list, Cupertino, Calif., had an average list price of $1.4 million. And some surveys of wealth don't even include home equity in assessing people's net worth.
The annual World Wealth Report defines high-net-worth individuals as "those having investable assets of U.S. $1 million or more, excluding primary residence, collectibles, consumables and consumer durables."
In a Forbes list of the world's most-valulable sports teams, 24 teams worth $1 billion or more. Soccer's Manchester United topped the list at $1.86 billion. The National Football League's Dallas Cowboys came in second, at $1.81 billion.
Despite the struggling eceonomy, Forbes' most recent list had 22 entries: Joining Man-U and the Cowboys were 15 additional NFL teams, Major League Baseball's New York Yankees (at No. 3), the Ferrari race team (No. 13) and four more soccer teams.
The bottom line
For many people, having a net worth of $1 million or even $100,000 still seems unattainable, yet these days neither figure is likely to impress anyone unless it was attained at a young age. Of course, even then, you'll be competing with the legacies of Bill Gates, Michael Dell and Mark Zuckerberg, all of whom were multimillionaires or billionaires before they turned 30.
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My little boy, husband, family, pets and the fact that I get to go to work everyday and work with animals makes ME rich. So there!
It is my perception that wealth does not present it self to one culture alone it presents itself and is defined differently by each culture and cannot be Foolishly answered with narrow minded answers. For example, in Afghanistan Richness is defined by having more than 2 goats. And in some cultures around the world take perhaps the people in Ghana and Darfur is that being rich means being free from opression of the government and live in a far off distant land with no fear of being killed by a dictator, or a militia of kids hired by the local drug lord. Or maybe its perhaps perhaps its the starving people who haven't eaten in days sleeping on the mud floors of a shanty who think that being rich is living in a warm dry house and having enough to eat....
Maybe its just me, but I believe that no matter how much money you have you will never be happy, if our cultures obsession with wealth is too much that we are blind to the suffering of the world than i am afraid that we are doomed to someday suffer the same fate as the ones we neglect.
So you ask how much does it take to be rich? all it takes is bed a roof and pair of shoes and clothes. and that is how much it takes to be rich we live in the richest country and we are so obsessed with getting more and more we blind to the fact that we are already rich.
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