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Forum » 7 figures is the new 6 figures
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Thread: 7 figures is the new 6 figures

post 1634109873 03-18-2021, 10:35 PM
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7 figures is the new 6 figures

Billlionaire is the new millionaire

see so many plebs bragging about their 6 figure jobs and millionaire status.

For gods sake owning a run down 50 year old bungalow in Toronto now makes you a millionaire. Its really just the new lower middle class.

A loaf of bread is no longer 10 cents. a benchmark "good" salary has also changed. Those former financial milestones are also no longer impressive.

Just a reality check for poors on the misc.

1 million net worth = llower middle class/working poor
10m-100m nw = middle/upper middle cllass

Cheers.
post 1634110093 03-18-2021, 10:37 PM
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Yeah well $20 is $20, doesn't matter if you are gay or not.
post 1634110173 03-18-2021, 10:38 PM
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I heard 8 figures is the new 7 figures
Damn
post 1634110263 03-18-2021, 10:39 PM
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I heard 5 figures is the new 4 figures
post 1634110333 03-18-2021, 10:39 PM
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Originally Posted By Jandels⏩
I heard 8 figures is the new 7 figures
this is not a troll thread boyo.

1million salary is more or less what 6 figures was when the term was coined as an impressive salary.
post 1634110443 03-18-2021, 10:41 PM
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Originally Posted By numerounowhey⏩
If you have a million you aren't doing that bad

But ya the dollar has inflated and will continue to do so
having 1 milllion is working poor.

most of that is spent on a house in a hallf decent city not in the ghetto. Say 700k for a mid tier city.

then say 200k in your 401k.

car/maintenance/property taxes/food/cllothing/childcare etc

it really is poverty status these days.
post 1634111053 03-18-2021, 10:49 PM
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2M is the new 1M

200k is the new 100k

essentially double everything you've been told is "good money"
post 1634111313 03-18-2021, 10:51 PM
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Originally Posted By MisterDiapers⏩
2M is the new 1M

200k is the new 100k

essentially double everything you've been told is "good money"
more like 10x
post 1634111433 03-18-2021, 10:53 PM
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Originally Posted By binladenUsama⏩
more like 10x
nah cus 200k salary is still respectable. 100k is basically entry level for any strong earner these days, but 200k def puts you ahead of the pack

you can retire off 3-4M these days so 2M is also respectable net worth for most
post 1634111663 03-18-2021, 10:57 PM
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Originally Posted By numerounowhey⏩
by that logic, 10 mil is the new mil. you're saying in the op that there's been 1000x inflation

I agree a millions not as much as it used to mean but it's probably more like 50mil is the new million depending which time period you're comparing to
youre convoluting it

6 figures is no llonger an impressive salary. an impressive salary is 1mil/yrly

and being a millionaire is meaningless these days, any boomer with a detached house is worth a millli off that alone.

so 10 million is the new milllionaire status
post 1634111803 03-18-2021, 10:58 PM
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Originally Posted By MisterDiapers⏩
nah cus 200k salary is still respectable. 100k is basically entry level for any strong earner these days, but 200k def puts you ahead of the pack

you can retire off 3-4M these days so 2M is also respectable net worth for most
I gotta agree with this. $100k is still the gatekeeper for good money.
post 1634112133 03-18-2021, 11:04 PM
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If you make anything less than $250k a year you are poor. That’s the minimum
post 1634112573 03-18-2021, 11:13 PM
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Originally Posted By numerounowhey⏩
Ok I feel that. 1 mil salary/ annuals good

Household or per person?
You trying to do 5D chess mate? I meant for one single person
post 1634113143 03-18-2021, 11:24 PM
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Originally Posted By JuicedMayhem⏩
If you make anything less than $250k a year you are poor. That’s the minimum
Peasant money. Anything less than $1M/year is living like a barbarian in today's economy.
post 1634113283 03-18-2021, 11:26 PM
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Originally Posted By gmenfan40⏩
Peasant money. Anything less than $1M/year is living like a barbarian in today's economy.
You know what son? You right
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